The Prosperity Podcast

Summary: Tune in with Todd and Kim as they discuss one of the most common theories of saving: The Bucket Theory - and what’s wrong with it! Learn how to “pick a side of the fence” with your savings and investment for more control over your money. Find out which savings vehicle is best for you and how your government sponsored saving account might be hurting you - especially if you have college aged kids! If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!   Show Notes: 0:00 Intro 0:43 The Bucket Theory: Setting aside buckets of money for specific purposes 1:11 The Big Idea: Why the Bucket Theory is wrong and you shouldn't split up your money 4:22 The Ability to Act Like Equity: What your savings dollars should be available for 5:11 The Other Side of the Fence: The difference between savings and investment 6:33What Type of Savings Vehicle Is Best For You? 7:36 What's wrong with government sponsored saving accounts: don't be penalized for saving 9:24 Resources for listeners:   The Financial Planning has Failed ebook Busting the Retirement Lies: Living with Passion, Purpose and Abundance Throughout Our Lives Partners for Prosperity blog   10:18 Outro

Summary: Are you an honest banker? You probably think the answer to that is yes, but it might not be as simple as you think. Tune in to Todd Strobel and best selling financial author Kim Butler as they discuss the meaning of being an honest banker - especially when it comes to paying yourself back. If you have an comments, tips, or questions, - or you’d like to be a quest on our show! shoot us an email at welcome@prosperitythinkers.com. Thanks for listening! Show Notes: 0:00 Intro 1:11 Why You Should Be An Honest Banker 1:31 What It Means to Own A Loan 2:53 Paying Yourself Back: Being an Honest Banker with Your Savings 3:30 Borrowing Against Your Life Insurance Cash Value & Remaining Honest with Yourself 4:45 What Does it Mean to Borrow Against Your Life Insurance Cash Value? 5:52 Why Would You Want to Pay the Principle of This Type of Loan? 8:24 What We Recommend: Handle Your Loan Based on What You Borrowed Against Your Cash Value For 9:44 The Time Value of Money: Paying Yourself Back With Interest 11:47 Being an Honest Banker: Even with Family? 12:40 Outro

Today, on the Prosperity Podcast, Todd and Kim discuss how life insurance companies make money and get paid. Kim explains the life insurance model and how it works. Todd describes how premiums are handled. They wrap-up by separating life insurance from other insurances and why that is important. If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!   Show Notes: [0:00] Prologue [0:19] Intro [0:47] Overview [1:37] Explaining the Life Insurance Model [4:55] Collecting Premiums [7:36] Separating Life Insurance From All Other Insurance [10:34] Summary and Rates of Return [12:15] Outro

On this episode of the Prosperity Podcast, Todd Strobel and Kim D.H. Butler breakdown the benefits of delaying social security. Kim explains this contrarian strategy. Todd discusses why financial advisors would want you to delay using qualified money as a source of retirement income. Finally, Kim and Todd look at the value of life and summarize the P4P school of thought on retirement. If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!   Show Notes: [0:00] Prologue [0:20] Intro [0:32] Overview [2:53] A Different Strategy [5:37] Why Do We Delay Qualified Money? [6:54] Valuing Quality of Life [7:50] Our School of Thought [9:57] Financial Planning Has Failed [11:11] Outro

Kim D.H. Butler and Todd Strobel chat about the reasons to not use Universal life insurance when storing cash. In this episode, they compare and contrast indexed, or universal, to whole life insurance. Kim discusses the advantages the whole life insurance hold above indexed. Finally, Todd and Kim ask listeners to do their research because, if it’s too good to be true, dig a little deeper. If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us! Show Notes: [0:00] Prologue [0:21] Intro [1:01] Indexed Sounds Sexy [1:58] Universal vs. Whole Life [3:49] Guaranteed Premiums [4:56] Cash Value [11:37] New Requirements for Universal Life [13:09] Dig a Little Deeper [14:07] Wrap-Up [14:47] Outro

Today, on the Prosperity Podcast, Todd Strobel chats with Tammi Brannan of Instinctive Life Career Development about attracting more clients and finding your purpose. Todd discusses his time with the Instinctive Life training. Tammi reviews her 8 characteristic questions. Finally, Todd and Tammi examine the benefits behind finding purpose. If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!

This episode of the Prosperity Thinkers podcast focuses on the financial leaks that build up if we don’t pay attention to our bank statements. Todd Strobel and Kim D.H. Butler discuss multiple ways to avoid allowing the fees and charges to build up. Finally, Kim explains how a specialized, separate account can help your money flow to more prosperous opportunities instead of going towards needless bank fees. In the beginning of the podcast, Kim and Todd discuss The Summit for Prosperity Economics Advisors and also the importance of transparency. If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!   Show Notes: [0:00] Prologue [0:21] Summit for Advisors Review [1:12] Promoting Prosperity Economics Education and Transparency [4:33] Non-Commission Products [6:41] Paying the Bank for Your Own Money [9:40] No Overdraft Policy [10:59] Reimbursed ATM Fees [11:51] Prosperity Flow-Through Account [14:05] Money Market Account Minimums [16:32] Financial Planning Has Failed [18:12] Outro

Todd Strobel and Kim D.H. Butler examine your vocabulary and explain the power in words. Today, Kim breaks down several ways to adjust your vocabulary to create more positive outcomes. Todd looks into the way we feed our brains. Finally, they compare trains of thought to better understand the words we attribute to different phrases in the financial world. If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!   Show Notes: [0:00] Prologue [0:20] Intro [1:06] Overview [1:40] The Power of Words from Will Duffy [2:36] Gratitude vs Entitlement [4:01] Compliment vs Criticize/Complain [5:51] Forgiving vs Holding a Grudge [6:48] Fail and Pivot vs Fail and Blame [9:09] Talking Ideas vs Talking People/Things [10:10] Feed Your Brain Valuable Words [11:28] Borrowing Against vs Borrowing From [13:41] Interest Payment vs Interest Cost [14:45] Pay-Up vs Pass-Up [15:50] Opportunity Cost [17:17] Busting the Interest Rate Lies [19:10] Wrap-Up [19:29] Outro

Today, on the Partners for Prosperity Podcast, Todd Strobel and Kim D.H. Butler dissect marketing spin as it applies to life insurance. Kim defines what marketing spin is as Todd explains how it affects different financial products and what we “know.” They look at buzzworthy terms and all of the alternate names given to whole life insurance strategies, and why those terms may have a legitimate use to open minds. Finally, they look at how life insurance breaks through the negative spin the media has put on it. If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!   Show Notes: [0:00] Prologue [0:18] Intro [1:07] What is Marketing Spin? [1:42] Alternate names for Whole Life with PUA Rider [5:19] Dig a Little Deeper [7:55] A More Unique Look [10:31] The Stock Market and the Economy [13:24] Terms Around Marketing Spin [16:08] Summary [16:55] Financial Planning Has Failed [17:46] Outro

“No B.S. Money Guy” Todd Strobel and best-selling financial author Kim D.H. Butler discuss the lies we believe about interest rates. Todd looks at the traditional arenas in which people interact with interest rates. Kim breaks down the truths behind the perceived facts that surround interest rates. Finally, they discuss Kim’s new book, Busting the Interest Rate Lies, which you can sign-up to be notified when it becomes available through our link.   If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us! Show Notes: [0:00] Prologue [0:19] Intro [1:16] Overview [3:38] Understanding Interest Rates [4:53] Car and Furniture Financing Lies [7:07] Get the Cash Price [9:53] Busting the Interest Rate Lies [12:06] Wrap-Up [12:54] Outro