The Prosperity Podcast

Kim Butler and Todd Strobel continue their discussion on mortgages. They show how debt and mortgages are intertwined and how it’s not a bad thing. Reverse mortgages are also discussed and can be recommended to a specific audience. Yet Kim proposes a specific solution. The Prosperity Principles are on full display in today’s episode of the Prosperity Podcast.   Show Notes: [0:00] Prologue [0:19] Intro [1:07] “HAVING” Debt vs. Being “IN” Debt [3:12] Debt, Peace of Mind, and the Unique Role that Mortgages play in Debt [6:32] Why We Became Afraid of Mortgages [9:12] Interest Vs. Tax Deduction [11:11] Reverse Mortgages Can Provide Tax-Free Income (but this should NOT be the goal!) [14:14] What To Do with Extra Money Each Month (How to keep control of it!) [15:35] The DANGER of Pre-Paying Your Mortgage! (from a former mortgage banker) [16:30] Get the Prosperity Accelerator Pack or just Financial Planning Has Failed [17:11] Wrap-Up [17:49] Outro

Kim Butler and Todd Strobel set their sights on mortgages in this episode, analyzing different strategies by using the Prosperity Principles to uncover the best options. They discuss down payments, compare 15 vs 30 year mortgages, and tackle other questions to consider when getting a mortgage, with some surprising answers! How big should your down payment be? Is a 15 or 30 year mortgage more efficient in the long run? What is the value of your cash down payment, or your cash flow? And is there value in “peace of mind”, even if it means choosing a less effective economic strategy? Find out in today’s episode of the Prosperity Podcast. Show Notes: [0:00] Prologue [0:19] Intro [0:41] Mortgages – the Largest Debt Many People Have (and greatly misunderstood) [2:01] Questions to Ask… Your Cash has a Cost [3:33] Considering the Amount to Put Down [8:11] 15 or 30 Year Mortgages (and how to compare correctly) [12:16] How to be More Prosperous by “Investing the Difference” [17:03] Summary of Recommendations [17:57] Outro

Daring to be “politically incorrect,” Kim Butler and Todd Strobel attempt to break down the stigmas between economics and politics. Obamacare and the language of economics are discussed, along with the challenge of having honest and open conversations about economics. Is there any room for political correctness in economics? How are Todd’s economic discussions affecting his dating life? Find out in today’s episode of the Prosperity Podcast! [0:00] Prologue [0:19] Intro [1:40] Consequential Discussions [2:51] The Science of Economics VS the Art of Politics [4:22] A Change in Vernacular [5:13] Building Wealth [6:57] Are we exchanging Wealth for Freedom? [8:20] The Fifth Principle of Prosperity: Control [9:06] Obamacare and Todd’s experience purchasing health insurance for employees [12:15] The First Principle of Prosperity: Think [13:30] Bring it Back to Economics [14:18] Ebook giveaway to our listenings: Financial Planning Has Failed [15:12] Outro

On today’s episode of the Prosperity Podcast, Kim Butler and Todd Strobel analyze whole life insurance rates of return for different age brackets. Surprisingly, this reveals that “you’re never too old for life insurance!” The current net rate of return is discussed. Finally, if you do not qualify for life insurance due to health or lifestyle risk factors, have you considered the alternatives to insuring yourself? There are ways to be the policy owner without having to qualify for life insurance if you can establish an insurable interest in someone else, such as a child, grandchild, business partner or key employee. Kim and Todd also discuss something she is very proud of: Kim’s daughter, Kaylea Butler has released a book, Every Day is A Miracle: Lessons from Susan Rammekwa.

On today’s episode of The Prosperity Podcast, Kim Butler and Todd Strobel dive into the realm of bonds. They discuss the history and current climate of bonds, such as muni-bonds. The current market and quality of those bonds are examined as well. The recent San Bernadino ruling on bondholders and pension funds is broken down. They wrap the show up by reminding you to adjust your strategies and techniques as the times change. [0:00] Prologue [0:19] Intro [0:41] What is a bond? [1:55] Investing Today – Bond Funds [3:32] Consider the Stability of the Issuer [5:34] Recent Bankruptcy Hearing [6:28] Pension Promise VS 401k/403(b) [8:52] History of the “Promise” [10:01] A Pension Perfect Storm [11:11] The Current Quality of Bonds [13:33] Will Interest Rates Increase and What Happens if they do? [15:04] Change the Strategies & Techniques with the Times [15:58] Cash Value of Life Insurance [17:10] Outro [17:58] Epilogue Be sure to check out Kim D.H. Butler’s book, Live Your Life Insurances, which can be purchased on her site or on Amazon.

In this episode, Kim D.H. Butler and Todd Strobel talk about the differences between Austrian and Keynesian Economics and how these economic theories relate to today’s economy. They also share the challenge of having our savings and investments beat inflation. [00:00:32]  Today we’re talking about Austrian vs Keynesian economics [00:01:32]  With our current economic issues it’s critical to understand how finances are being managed [00:02:42]  The current President is running our country by the Keynesian economic theory [00:03:23]  Keynesian economists believe that spending money is what drives things [00:05:29]  Talking about Austrian economics [00:06:05]  Austrian economists believe that saving is the motor of the economy and that private property and a free market drives growth [00:06:58]  The challenge with Austrian thinking is that when we save money we temporarily remove that money from the money supply [00:07:34]  Austrian economics type of thinking is a fabulous long term solution [00:07:41]  Keynesian type of thinking is a short term solution [00:09:17]  In our current interest rate environment we are penalized to save [00:10:13]  Many of our grandparents lived in the era of Austrian thinking with little government control [00:11:16]  Kim and Todd talk about inflation and how it affects us [00:12:17]  “The inflation tax, while largely ignored, hurts middle class and low income Americans the most…” – Ron Paul [00:12:36]  We need to look at inflation like we look at taxes [00:13:05]  Having investments that earn a low double-digit rate of return is necessary to beat inflation [00:13:49]  Roles of a free market under the two economic systems [00:14:58]  The United States of America was formed on the basis of a free market and the desire for personal freedom which then comes with personal responsibility [00:17:16]  Todd shares a powerful quote from John Maynard Keynes

In this episode, Kim D.H. Butler and Todd Strobel talk about life settlements and the history and benefits of this underrated investment. Life settlement investments produce predictable, healthy returns and follow the “zero risk tolerance” guideline discussed in episode 15. However, they are controversial and often misunderstood. In this episode, Kim and Todd discuss the benefits, the history, and some of the ins and outs of life settlements. Learn if this investment with healthy returns and low, low risk is for you! 0:30 – Introducing today’s topic of life settlements 1:18 – Kim explaining life settlements in plain and simple terms 4:02 – Why it’s a good idea to diversify with life settlements outside of the markets 5:15 – How this a predictable investment and follows our zero risk tolerance policy 7:02 – Answering the question: How are life settlements related or not related to viaticals 9:17 – Win-Win: We like the fact that life settlements help seniors as well as investors. 12:08 – Todd summarizes the topic and goes into more details about life settlements 13:24 – Using the law of large numbers produces a consistent rate of return 14:40 – Time commitments and barrier to entry for life settlements 15:47 – Get the full resources and details about life settlements at Partners4Prosperity.com – Click for our Life Settlement articles. 16:12 – If you are an accredited investor Kim and Todd have specific websites and information you can access to learn more.

How to Save Better, Grow Your Assets Faster and Create Substantial Cash Flow… Without Stock Market Risks! This special episode of The Prosperity Podcasts features an interview Mark Cosman from Experts Showcase did with best-selling financial author, Kim D.H. Butler. Mark presses Kim to name the 3 biggest problems that investors face: 1. When saving, they don’t know where to store cash where it can keep pace with inflation. 2. When investing, they have a hard time creating growth in their assets without risking principal. 3. When desiring investment income, they don’t know how to use their assets to create efficient cash flow. Fortunately, Mark also asks Kim for her proven investment solutions! Kim shares her favorite financial strategies and vehicles for saving money, growing assets, and creating cash flow. They also discuss how to protect yourself from risk, why Kim has “zero risk tolerance,” and how risk tolerance questionnaires make investors think they have no choice but to subject their assets to the risks of the stock market to earn respectable gains! Fortunately, that is not true. Mark reveals how listeners can get more details as part of the Prosperity Accelerator Pack. You certainly don’t want to miss this special episode! 0:17 – Kim Butler and Todd Strobel share some highlights of the interview 2:23 – Start of The Experts Showcase interview 3:54 – The 3 main themes of the show 4:17 – Finding alternatives to storing your money in banks and money market accounts. 5:53 – Kim reveals 200 year old financial secret that earns 4 – 5% and can replace your inefficient bank account 8:03 – Creating cash flow in our investments today 10:15 – Sharing examples of a consistent cash flowing investment 12:20 – How to avoid losing your money! 13:35 – Why I have a zero risk tolerance for losing money 15:45 – Mark talking about the prosperity accelerator pack 17:09 – How to get your money to work at least as hard as you do

In this episode, Kim D.H. Butler and NO BS Money Guy Todd Strobel tell the real story of the qualified retirement plan. Who really benefits? Which types of plans give you the most freedom towards your prosperity, and which should you AVOID? One key thought in today’s conversation is, “When the government is benefiting, it typically means that we are not.” 0:27 – Let’s talk about the real story of the qualified plan 2:01 – The difference in tax treatments between qualified plans 3:05 – Is the qualified retirement plan structure truly beneficial? 3:54 – Sharing the 7 Principles of Prosperity 5:11 – In order to gain prosperity, you need to have your brain on, you need to be thinking, you need to be consciously doing things not just letting it happen. 5:21 – Todd’s profound quote, “prosperity follows responsibility” 7:48 – Why is the government providing a tool for tax deferrals and is it really beneficial 8:57 – When the government’s benefitting, it typically means that we are not 9:44 – Should you contribute to the up to the match or the max in your retirement plan? 11:24 – Kim talks about her latest book, Busting the Retirement Lies 12:50 – Why you should be investing for cash flow from the get go 14:30 – Investing for cashflow vs. equity 15:55 – You should have control over your structure and over the investments inside that structure 18:00 – How to create movement with your money 19:39 – When money is moving or leveraged in any way, it is healthier money 20:52 – How to get your money to multiply 22:33 – When dollars are just doing one job, if they’re just enabling us to retire, if they’re just educating a child, that’s not as effective or as efficient as dollars that could do both. 22:58 – How to avoid paying huge penalties in taxes to use your own money

In this episode of the Prosperity Podcast, you’ll learn why you should be very careful with any government plans and strategies when it comes to your wealth! Kim D.H. Butler and NO BS Money Guy Todd Strobel talk about freedom and liberty, and how they relate to prosperity. They share excerpts from the book ‘Are We Good Enough for Liberty?’ by Lawrence W. (aka Larry) Reed of FEE.org. FEE is the Foundation for Economic Education, a non-profit organization dedicated to educating future leaders about the economic, ethical and legal principles of a free society. 0:33 – Today we are talking about the book, Are We Good Enough For Liberty? 1:21 – Kim shares how she was introduced to FEE and Larry Reed the head of the organization. 3:04 – FEE’s mission is to enhance each individual’s understanding of themselves and the systems that they live in. 3:35 – How to be in control when everything feels out-of-control. 4:07 – The three requirements in order to have an effective and productive society. 6:06 – Why private property encourages pride of ownership. 6:15 – What does free competition mean and how can we benefit from it? 7:59 – The fight towards increasing wage and what affect it has on you. 11:08 – Why we prosper with a severely limited government. 11:43 – Kim shares a story where Donald Trump stepped in and outperformed the government because of the free market. 12:53 – Any time the government puts forth a plan, strategy or structure we need to be really careful. 15:04 – Todd talks about the base of the prosperity pyramid. 16:45 – “No people who lost their character ever kept their liberties” 17:25 – The one key quality Warren Buffett looks for in people. 20:10 – Talking about the integrity of the main character in the movie Cinderella Man. 21:05 – The #1 thing you can do to improve your character.