The Prosperity Podcast

Tim Wright, of ASR Alternative Investments, joins Todd Strobel on the Prosperity Podcast. They discuss what alternative investments are and their benefits. Tim explains the type of client that would gain the most from life settlements and why they’re similar to owning real estate. Finally, the look at the type of returns to expect within a growing market. Can you make your money more prosperable and less of a gamble outside the stock market? Find out on today’s episode. 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 [0:50] What are Alternative Investments and Life Settlements [3:50] The Ideal Client [5:04] Comparing Life Settlements to Real Estate [8:50] Calculating a Rate of Return [10:52] What to Anticipate as an Investor [13:20] Explaining Underwriting [16:21] Whose Market is it? [18:02] Wrap-Up [18:37] Your Portfolio Shouldn’t be a Gamble [20:37] Outro

“No B.S.” Money Guy Todd Strobel and best-selling author Kim D.H. Butler look at what it takes to become a Prosperity Economics Advisor. Todd explores what an advisor does on a day-to-day level. Kim breaks down the steps in becoming an advisor. Finally, they explain the type of person best suited for prosperity economic advising. Have you got what it takes? Find out on today’s episode of the Prosperity Podcast. (By the way, Kim took the “long route” to being a Prosperity Economics Advisor, getting her CFP designation and Series 6 then Series 7 licenses, as well as a Series 63, Series 65 and additional education and experience (such as 4 years as co-trainer of Truth Concepts financial software and a banking background. All of the above have been learning experiences but NOT necessary to get started!) Not mentioned in the show but also HIGHLY recommended are Truth ConceptsSoftware, Truth Training (some advisors attend about once a year), and The Summit for Prosperity Economics Advisors. If you were going to do ONE thing to jump-start a new venture as a Prosperity Economics Advisor – or even to just seriously explore it – we would say, “Come to The Summit!” If you would like for us to answer your question on the show be sure to keep sending us questions and reach out to us! Show Notes: [0:00] Prologue [0:19] Intro [1:07] Overview [2:33] Life Insurance Licenses [3:28] Alternative Investments [4:38] Planning and Processes [7:02] Five-Step Prosperity Pathway [9:03] Fiduciary vs. Suitability Standard [10:35] The Big Picture [12:50] What is Your Passion Level? [13:19] The “Secret” [15:13] Wrap-Up [15:30] Financial Planning Has Failed [15:48] Outro

Kim Butler and Todd Strobel respond to a user-question about annuities, analyzing annuities to see what they can and can’t do for you. Kim and Todd take a hypothetical annuity through the gamut of our Prosperity Principles. Kim defines the different types of annuities. Todd uses the Prosperity Principles against annuities. Finally, Kim and Todd explain where the apprehension towards annuities comes from and look at what to do with an annuity you already possess. Do you know how to apply the Principles of Prosperity to financial decisions? Find out on today’s episode of the Prosperity Podcast. 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 [0:37] Annuity Clarity [2:02] Fixed and Variable Annuities [7:01] Think From a Prosperous Mindset [8:41] Look From a Macroeconomic POV [9:39] Life-Only Payout [12:17] Low Interest Rates [13:37] Measure Opportunity Cost [14:45] Where Does the Objection Come From? [16:45] LIFO [17:24] Cash Flow [19:56] Control Your Money [20:43] Money Should Move Through an Asset [22:19] Multiply [23:31] Summary [24:05] Financial Planning Has Failed [24:46] What to do With an Annuity [26:28] Wrap-Up [27:30] Outro

Kim Butler and Todd Strobel dive into financial strategies to best utilize your assets by actually spending down your taxable assets first, and relying on non-taxable assets later in life. Kim explains three strategies and their upsides. Todd focuses on the benefit of life insurance to maximize the strategies effectiveness. Finally, they discuss resources available through Partners 4 Prosperity that explores these strategies further. Is your financial strategy allowing you to have your cake and eat it too? Find out on today’s episode of the Prosperity Podcast.   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 [0:32] Have Your Cake and Eat it Too Strategy [4:19] Strategy 1: Pay Down, Spend Down [5:53] Using the Life Insurance Benefit [6:55] An Alternate Giving Strategy [9:56] The Permission Slip [9:38] Type of Life Insurance to Utilize [11:02] Strategy 2: Reverse Mortgages [12:38] Using Other Types of Assets [13:40] Strategy #3: Charitable Remainder Trust [15:39] Live Your Life Insurance [16:38] When is it Too Late? [17:35] Where to Start – Ask for Permission to Spend Special Report [19:22] Financial Planning Has Failed [19:25] Wrap-Up [21:12] Outro

Kim Butler and Todd Strobel dive into an old article of Kim’s entitled, “7 Phases of Financial Success.” Whether you started saving in your 20’s or whether you’re just starting in your 50’s or 60’s, you can adapt these phases for you. Kim explains each phase of life and it’s accompanying financial goals. Todd breaks down effective ways to reach those goals. Finally, the importance of life insurance (and later converting it to whole life insurance) is analyzed as the backbone of your financial success through each phase. Which financial phase are you in and is it too late to be successful now? Find out on today’s episode of the Prosperity Podcast. 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 to the phases of financial success [0:48] Phase 1: Leaving School, Entering Workforce (20s) [4:17] Savings Before Debt [5:41] Paying the Minimums [6:22] Completing a Will [7:03] Life Insurance and “Human Life Value” [8:43] Insurance Outside of Your Employer [9:35] Phase 2: Building a Prosperity Flow Through Account (30s) [10:49] Converting Term to Whole Life Insurance [12:14] Advantages of Life Insurance Over Banks [12:59] Mortgages [13:59] Phase 3: Conversions & Upgrades (40s) [15:39] Rates of Returns [17:28] Non-Correlated Assets [18:11] Whole Life Insurance Interest Rates [19:28] Aggressive Risks [20:41] Phase 4: Paying Off Life Insurance Loans (50s) [22:20] Phase 5: Don’t Retire, Yet (60s) [25:22] Phase 6: Taking Dividends & Stopping Premium Payment (70s) [26:49] Reverse Mortgages [28:08] Phase 7: Focusing on the Death Benefit (80+) [29:38] Financial Planning Has Failed [30:37] Outro

Kim Butler and Todd Strobel respond to a user-question about why the American society refers to investing with the stock market. Kim discusses ways around the market and the multiple outlets outside of the stock market. Todd explains the importance of educating yourself on all the ways in which your money can be invested. Finally, life settlements from life insurance are analyzed. Where else can you invest? Find out about investing away from the stock market on today’s episode of the Prosperity Podcast. 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 [0:32] Why Does Investment Equate to the Stock Market? [2:19] You Get What You Pay For [4:02] Potential Market Scare [6:38] Non-Correlated Investments [9:38] Are These Partners 4 Prosperity Inventions? [12:22] Financial Planning Has Failed [14:00] Educating Yourself [15:32] Life Settlements [19:25] Wrap-Up [20:14] Outro

Kim Butler and Todd Strobel dig into the theory that banks are the safest place to save money. Kim explains how life insurance provides better dividends than banks and details what banks ought to be used for. Todd talks about government interventions and how life insurance affects college aid. Finally, Kim and Todd look into the resources available that we provide to broaden your knowledge about life insurance. Have you ever wondered why movies never show a life insurance agency being held up? Find out on today’s episode of the Prosperity Podcast. 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 [0:33] Banking Myths [0:55] Are Banks a Good Place to Save Money? [2:03] Money Being Reduced to 1’s and 0’s [4:54] Focus on Control [7:31] Cash Value of Life Insurance for Businesses [8:26] Rates of Return [9:41] Government Intervention in Bank Accounts [12:27] Life Insurance and College Applications [13:25] Live Your Life Insurance (and Book) [13:48] Financial Planning Has Failed [14:33] P.U.A. [17:48] Wrap-Up [18:19] Outro

On today’s episode of the Prosperity Podcast, best-selling financial author Kim Butler and No BS Money Guy Todd Strobel uncover the reasons you should know about self-directed IRAs. They discuss their benefits and disadvantages. Kim explains the term “roll” as it relates to finances. Todd compares self-directed IRAs against a 401(k). Finally, they breakdown the different payoffs that are associated with your self-directed IRA. 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 [0:36] Self-Directed IRAs [2:59] Self-Directed IRA Trustees [4:04] Fees and Costs [7:35] Defining the Term “Roll” [9:24] Rolling into a Self-Directed IRA [11:00] Fighting Off the 401(k) Pressure [13:07] Self-Directed IRA Payoffs [14:35] Peer-to-Peer Lending [16:08] Financial Planning Has Failed [16:45] Wrap-Up [17:21] Outro

Kim Butler and Todd Strobel respond to a user question about when to talk about money with your children. Kim explains the benefits of starting early and brings up, The Opposite of Spoiled, by Ron Lieber in discussing allowances. Then, Todd breaks down a trend in millennial student debt and they look into alternative solutions to that debt. We all know money talks, but do we know how to talk about money? Find out on today’s episode of the Prosperity Podcast. 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 [0:30] A User-Submitted Question [0:50] What Age to Start? [3:05] Ad Marketing to Young Children [4:34] Exposing Kids to Household Finances [7:26] Teaching Savings [9:41] Setting Up a Family Business [10:21] Changing Attitudes to Curb Trends [11:56] Understanding Alternatives [15:58] Involving Children When Family Finances Change [18:04] Financial Planning Has Failed [18:46] Outro

Kim Butler and Todd Strobel go over several ideas, strategies, and best practices to maximize your money. For instance, Kim explains how you may be able to dramatically increase the upper limits of your property and casualty protection… with NO out-of-pocket costs! Kim and Todd also give an important tip on how you can use your smartphone to help protect your belongings! Kim discusses mortgages, life insurance, disability, and long-term care insurance as well. Finally, they discuss where and how to store your cash. When was the last time you looked over your insurance and finances? Has it been too long? Find out what steps to put on your financial checklist on today’s episode of the Prosperity Podcast. 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 [0:39] Choosing a Time to Review [1:08] Automobile Deductibles [5:09] Keeping Pictures of Your Valuables [6:33] Personal Liability Umbrella [10:41] Medical & Disability Insurance [14:19] Long-Term Care Insurance [15:47] Wills, Trusts, and Power of Attorney [19:06] Types of Ownership [20:46] Life Insurance [22:56] Reviewing Your Own Money [24:25] Mutual Funds, Stocks, and Bonds [25:55] 401(k) and IRA’s [28:37] Mortgages and Investment Real Estate [31:20] Bridge Loans and Life Settlements [32:30] Financial Planning Has Failed [33:18] Wrap-Up [34:05] Outro