The Prosperity Podcast

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

Best-selling financial author Kim Butler and No B.S. Money Guy Todd Strobel explain why Partners for Prosperity has chosen to be part of a MOVEMENT – not simply a “financial practice.” They discuss how a movement differs from a practice. Kim tells us how Prosperity Thinkers is focused more on cooperation with others in our industry than gaining a competitive advantage against them. Todd recommends the best type of people to have in your corner on your financial team. Finally, they leave us with action steps to help you analyze your life insurance. Will you join the movement? Find out more on today’s episode of the Prosperity Podcast. If you would like the opportunity for us to answer your question on the show or 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 [1:06] Cooperation in Competition [2:59] Impact of Inflation [4:26] The Prosperity Economics Movement [6:52] Truth Concepts [10:03] Numbers are not Static [12:14] Financial Planning Has Failed [15:45] Handling Your Own Finances [18:20] Building a Financial Team [21:28] Action Steps [23:15] Wrap-Up [24:15] Outro

Kim D. H. Butler and host Todd Strobel discuss an article in Money Magazine, “13 Things to Do with $100k.” Should you remodel your home? Buy a franchise? Purchase an annuity? They break down the list of options and also discuss alternative investments. Kim defends the belief of protecting the principle. Todd praises Kim for all her work in making clients’ money do more for them. If they had $100,000, wouldn’t our hosts buy a Tesla, 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, be sure to keep sending us questions!   Show Notes: [0:00] Prologue [0:19] Intro [0:32] 13 Things to Do with $100k [2:07] Remodel Your House [4:27] Pay Off Your Mortgage [5:43] Opportunity Costs [7:02] Buy a Franchise [8:42] Invest in a New Degree [10:46] Buy an Annuity [12:39] Financial Planning Has Failed [13:20] Buy a Tesla [15:05] Cash Flow Stream [17:50] Buy a Vacation Home [20:51] Buy an Indexed Fund [22:06] Summary [23:35] Wrap-Up [24:11] Outro

Kim Butler and Todd Strobel discuss a recent analysis from an insurance company we do business with. What do the findings tell us? What kind of life insurance do our clients buy, and why? What do they do with it? What do we know about our clients from the study? Find out on today’s show. If you would like the opportunity for us to answer your question on the show, be sure to keep sending us questions!   Show Notes: [0:00] Prologue [0:19] Intro [1:01] What’s Up at Partners 4 Prosperity? [2:49] Assets Under Management [4:11] Death Benefit Over Time [9:01] Creating an Arbitrage [11:08] The Insurance Benefit [12:47] Big Picture Numbers [16:08] Shift in Thinking [18:02] Diversity in Ages [19:39] Financial Planning Has Failed [20:11] Wrap-Up [20:21] Outro

P4P’s Kim Butler and No BS Money Guy Todd Strobel answer another listener-submitted question. Life insurance terminology and lingo is the topic of discussion. Kim and Todd travel the A to Z’s of life insurance with a few pit stops along the way. Also, will this episode be the last for Todd’s favorite phrase, “super?” 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, be sure to keep sending us questions!   Show Notes: [0:00] Prologue [0:19] Intro [0:52] Understanding Life Insurance Terms and Terminology [3:11] Premiums [5:08] Cash Value [8:43] Dividends [12:37] Gross Cash Value [13:22] Automatic Paid-Up Additions [16:35] Waiver of Premium [18:36] Death Benefit or Face Amount [19:41] Financial Planning Has Failed [20:34] Increasing Death Benefit [21:15] Interest [23:42] Positions Within Life Insurance [25:52] Automatic Premium Loans [27:02] Reduced Paid-Up [29:26] Opportunity Cost [30:41] Wrap-Up [31:29] Outro

Kim Butler and Todd Strobel stay after class to finish their test. Questions about Financial Literacy are asked, answered, and discussed as Kim and Todd go through the last half of a financial literacy test. This section of the test features segments about saving and investing. Also, the final part of our test asks a few questions about taxes and the role of government over your money. Sit down and take out a No. 2 pencil for today’s episode of the Prosperity Podcast! If you haven’t already, get your copy of Financial Planning Has Failed, now available as both an audiobook and ebook! Read or listen today to learn how you can build wealth without Wall Street risks and worries. Show Notes: [0:00] Prologue [0:19] Intro [0:38] Irrelevant Questions [2:01] Annual Interest Earned on a Savings Account from a Bank [3:19] Mutual Funds and Securities [5:53] Accounts for Retirement with After-Tax Contributions [7:16] Conservative Holdings on an Account [9:30] Families Most Affected by a 10-Year Period of High Inflation [12:26] Assets that Protect You Against Inflation Increases [13:49] Actions to Benefit Large Sums of Money (and the importance of liquidity!) [15:39] How to Calculate Savings [16:30] Taxes that Change When You Move [17:47] Retirement Income from the Federal Government [18:30] United States Corporate Tax Rates [21:49] Federal Income Tax Payment [23:54] Wrap-Up [24:45] Prosperity Accelerator Pack [25:31] Send Us More Questions [25:58] Outro

How financially literate are students? Kim Butler and Todd Strobel head back to high school to take a test. Questions about Financial Literacy are asked, answered, and discussed, as well as why a few of the questions themselves might be misleading! This financial literacy test features a segment about investing, financial responsibility and insurance, as well as a segment on credit cards and debt. There will be no talking during the test on today’s episode of the Prosperity Podcast. If you haven’t already, check out our ebook, Financial Planning Has Failed, now available as an audiobook as well. Visit our site and download your free copy now! Show Notes: [0:00] Prologue [0:19] Intro [0:37] The Financial Literacy Test [1:59] The Best Source of Investment Advice [4:22] Brokerage Firms that Provide Lowest Cost of Shares [5:31] Who Supports the Loss of Value in a Mutual Fund? [7:10] When are You Least Likely to be Asked About Your Credit Score? [8:30] Which of These People Needs the Greatest Amount of Life Insurance? [11:43] Prosperity Accelerator Pack [12:21] Insurance that Covers Automobile Flood Damage [13:05] Credit Cards for Those that Pay the Monthly Balance [14:54] Minimizing Future Interest Payments [16:30] Terms Not Associated with Borrowing [16:58] Actions that Most Change a Credit Score [17:51] Credit Scores and Finance Charges [19:59] Wrap-Up [20:38] Outro

How should investors respond to the 401(k) on the decline? Is the stock market poised for another correction? Today’s episode presents the argument for self-directed IRAs and non-correlated investments. Kim Butler and Todd Strobel explain the ripple effect that Baby Boomers have had on 401(k). They explain how this will impact the market and why it may be a good thing, in the long run. They also discuss alternative ways to invest, particularly non-correlated asset classes and investments that do not fluctuate with stock market prices. It’s all about making your money grow and work for you in today’s episode of the Prosperity Podcast. We now have our ebook, Financial Planning Has Failed, available as an audiobook. Visit our site and download your free copy now!   Show Notes: [0:00] Prologue [0:19] Intro [1:12] Money Flows Out of 401(k) [4:04] How Will This Affect the Stock Market? [7:05] Explaining 401(k) [9:05] Using That Money Elsewhere [9:33] Self-Directed IRA [11:11] Non-correlated Investments [12:39] Creating Income [14:11] Wrap-Up [15:38] Outro

Kim Butler and Todd Strobel breakdown college and why the costs keep rising. They analyze higher education based on the Prosperity Principles and also from looking at the numbers. They take into account both the parent’s and the student’s prosperity as factors. Are there alternatives to handling the cost of education? Yes, and we discuss why a 529 plan is NOT what we recommend. Finally, we answer the age old question of, “What are they teaching kids these days?” in today’s episode of the Prosperity Podcast. We now have our ebook, Financial Planning Has Failed, available as an audiobook. Go here to get your free copy now! You’ll get access to the PDF ebook along with the audiobook version. Show Notes: [0:00] Prologue [0:19] Intro [1:06] Why Does a College Degree Cost so Much? (Article) [4:12] College by the Numbers [5:38] Parent’s Point-of-View [8:36] Is College Teaching Prosperity Thinking? [11:34] The Cost is MUCH More Than Just Tuition [13:31] Underfunded Pensions and How They Affect College Costs [14:12] An Expensive Question [17:00] Pro-Prosperity Thinking [18:56] Wrap-Up [19:39] Outro RESOURCES: Tammi Brannan at Instinctive Life

Kim Butler and Todd Strobel discuss the importance of having meaningful conversations. They discuss the importance of keeping partners involved, informed, and prepared in case of an untimely crises or other changes. The Big D’s such as Death, Divorce, Debt, and Documents stage on today’s episode of the Prosperity Podcast. How can you prepare for the unexpected? Find out on today’s show! Show Notes: [0:00] Prologue [0:19] Intro [1:15] How to Prepare for Crises – Communication is KEY! [4:13] Put it on Paper – FiveWishes.org is a great resource, Quickbooks, Mint.com [7:15] Dealing With “The Problem” – What happens when one spouse doesn’t want the other to know? [10:46] Pro-activity in Emergencies. – Use TheTorch.com [13:33] Permission to Spend [15:43] Financial Planning Has Failed [16:36] Keep Sending Questions [17:15] Wrap-Up [17:39] Outro