The Prosperity Podcast

This episode of the Prosperity Podcast discusses the importance of aligning money and life goals. The hosts stress the common misconception that personal finance is separate from life's 'woo woo stuff', arguing instead that they are interconnected. They mention the Currence app, which is an invitation-only savings structure that encourages sustainable spending patterns and purposeful saving. However, the app is not for budgeting, which the hosts believe is an ineffective method of managing finances. They stress the importance of 'purposeful spending' and highlight a case example of a family who prioritized saving to the detriment of their lifestyle and personal joy.  Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity. Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Thinkers thinking and strategies today! Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.   Links and Resources from this Episode For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/ https://gravystack.com/prosperity https://prosperitythinkers.com/action/   Show Notes What the Currence app is and how it aids in purpose-driven spending Story about a family that was overzealous with their savings habits, compromising their joy and comfort The importance of individual and family decisions about what brings them joy to spend money on Different examples of purposeful spending are provided, from lavish holidays to upgrading home furniture The importance of preemptive financial decisions Utilization of deliberate saving to allow for unrestrained spending on meaningful things The feasibility of creating extra income streams today with less time commitment How to improve and expand existing businesses   Special Listener Gift Free eBook: Activating Your Prosperity Guide. Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!    Review and Subscribe If you like what you hear please leave a review by clicking here Subscribe on your favorite podcast player to get the latest episodes. iTunes RSS

In this episode of the Prosperity Podcast, the hosts discuss the practice of year-end reflection and goal setting. Rather than strictly adhering to the January 1st New Year timeline, they advocate for personalized reflective dates, such as birthdays or anniversaries. The hosts stress the importance of turning the process of goal-setting into a collective family activity and the significance of handwriting responses due to its brain engagement.  Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity. Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Thinkers thinking and strategies today! Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.   Links and Resources from this Episode For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/ https://gravystack.com/prosperity https://prosperitythinkers.com/action/ https://twitter.com/ClintFiore/status/1733938550461108603     Show Notes Discussion about Clint's unique approach of discussing yearly review and goals with his family. Kim concurs with Clint's method, drawing parallel with her own guidance in the Perpetual Wealth book. Discussion about the question about self-pride from Clint's list. Transition to discussing the importance of reminiscing favorite memories. Discussion about the need to replace negative habits with positive ones. Transition to the application of the principle of replacing negative habits in financial terms. Discussion about differentiating between past accomplishments and future focus. Kim shares personal goals for the upcoming year, focusing on increasing spiritual study time.   Special Listener Gift Free eBook: Activating Your Prosperity Guide. Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!    Review and Subscribe If you like what you hear please leave a review by clicking here Subscribe on your favorite podcast player to get the latest episodes. iTunes RSS

This episode of the Prosperity Podcast discusses overcoming financial anxiety. The hosts, Spencer Shaw and Kim Butler, stress the importance of ensuring cash flow structure in one's life to manage and control cash flow. The conversation revolves around averting financial anxiety through a conscious understanding of one's financial status and the need for investments and assets to work harmoniously together. Spencer and Kim differentiate the approach to financial anxiety across various lifespans. For those above 60, the focus is on curbing uncertainties related to inflation of expenses or governmental inflation. Meanwhile, the 30-60 age group needs to first plug the holes leaking money before seeking investments. Finally, for those below 30, building a solid foundation of liquidity is crucial.  Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity. Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Thinkers thinking and strategies today! Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.   Links and Resources from this Episode For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/ https://gravystack.com/prosperity https://prosperitythinkers.com/action/   Show Notes The necessity of structured cash flow in minimizing financial anxiety The varied reasons behind financial anxiety Dealing with uncertainty in financial matters What the financial strategies for different age groups are A specific case study highlighting the need for liquidity in young professionals Importance of emergency savings as the foundation for financial investments The importance of positive financial thoughts Special Listener Gift Free eBook: Activating Your Prosperity Guide. Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!  Review and Subscribe If you like what you hear please leave a review by clicking here Subscribe on your favorite podcast player to get the latest episodes. iTunes RSS

This episode delves into insurance policy setups, trust setups, and beneficiaries. The hosts argue that it's often made to seem complicated to confuse listeners and push them to go for certain services. Their mission is to demystify the process and teach it from a 'prosperity perspective'. The complexities of the field are discussed, including beneficiary classes, and how people often feel overwhelmed when they become a beneficiary or executor to a parent's will. The importance of setting things up while one has the chance is emphasized, as unforeseen situations can complicate the processes. Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity. Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Thinkers thinking and strategies today! Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode. Links and Resources from this Episode For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/ https://gravystack.com/prosperity https://prosperitythinkers.com/action/     Show Notes The experience with clients facing confusion and fear when understanding their responsibilities as executors or beneficiaries. The strategy to achieve financial durability, and when complexities like LLCs and trusts are necessary. The role of a financial advisor in simplifying complex setups like beneficiaries and trusts. Appropriate layers of financial planning and the importance of wills and trusts. The myth of tax protection and asset protection through revocable living trusts. The role of liability umbrella for asset protection and the lack of tax protection features in revocable living trusts. Reinforcing the ability of modification and progression in revocable living trusts. Emphasizing the importance of not delaying the financial planning process, and offering resources for trustworthy attorneys.   Special Listener Gift Free eBook: Activating Your Prosperity Guide. Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!  Review and Subscribe If you like what you hear please leave a review by clicking here Subscribe on your favorite podcast player to get the latest episodes. iTunes RSS

This episode centers around the concept of debt and how it can be viewed from the perspective of optimism, drawing from the writings of finance author Jared Dillian. Kim and Spencer point out that while many associate debt with negative feelings, it can also be an indicator of confidence in the future. However, they warn caution, citing the importance of avoiding frivolous debt and "keeping up with the Joneses." They share their belief in maintaining a positive approach towards financial future, explaining that those who constantly focus solely on paying off their debt often find themselves in a cycle of indebtedness, whereas those who view debt as a strategy and think optimistically about creating opportunities, serving and aiding others, and adding value are more likely to get out of it.  Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity. Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Thinkers thinking and strategies today! Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.   Links and Resources from this Episode For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/ https://gravystack.com/prosperity https://prosperitythinkers.com/action/     Show Notes The importance of optimism in getting better results in traveling the journey towards prosperity The idea of distinguishing good and bad debt Significance of debt management and having confidence in the future A poll result revealing that around 50% of people don't feel optimistic about their financial future and stressing the importance of a change in mindset How clients who focus on creating opportunities and helping others manage to get out of debt effectively The personal interpretation of prosperity Finding happiness outside of material things and not having to work as the primary source of happiness The importance of purposiveness in spending both time and money   Special Listener Gift Free eBook: Activating Your Prosperity Guide. Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!  Review and Subscribe If you like what you hear please leave a review by clicking here Subscribe on your favorite podcast player to get the latest episodes. iTunes RSS

Kim and Spencer discuss how individuals can identify what they genuinely love doing, opening pathways to career satisfaction and personal fulfillment. The episode suggests that the traditional advice to 'follow your passion' may not always be beneficial, and instead recommends that individuals find work that matches their skills or interests. Lastly, the hosts highlight the essential role that daily habits and routines play in facilitating progress, suggesting that individuals consider slightly adjusting these if their current results are not as desired.   Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity. Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Thinkers thinking and strategies today! Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode. Links and Resources from this Episode For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/ https://gravystack.com/prosperity https://prosperitythinkers.com/action/     Show Notes Online resources to help people find work that they love Encouragement for people, especially young adults, to experiment, to learn by doing, and to consider part time or intern jobs as learning opportunities Recommendation for self-knowledge, experimenting, and starting with love for what you do The speed of advancements in technology and the opportunities it brings The concept of vision and how it can inspire us Importance of habits, routines, and behaviors on making progress and achieving results Why you should start reflecting on your habits and routines   Special Listener Gift Free eBook: Activating Your Prosperity Guide. Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!    Review and Subscribe If you like what you hear please leave a review by clicking here Subscribe on your favorite podcast player to get the latest episodes. iTunes RSS

Kim and Spencer discuss the importance of language and thought patterns in one's relationship with money. They quote Robert Kiyosaki's concept of replacing "I can't afford it" with "how can I afford it?" as a building block of prosperous thinking. They also touch on the erroneous focus of individuals on earnings instead of value provided and emphasize the significance of cash flow over net worth, particularly for business owners. The episode features in-depth conversations regarding linguistics and how the use of wrong terminologies can be misleading, especially in finance and life insurance. The hosts also propose an exercise of assessing one's language and forming a list of “prosperity words.” Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity. Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Thinkers thinking and strategies today! Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.   Links and Resources from this Episode For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/ https://gravystack.com/prosperity https://prosperitythinkers.com/action/     Show Notes The influence of language on the way people approach money The importance of laying a solid foundation from a young age Distinguishing between people who talk about their earnings per hour, per month or yearly How mindsets can be adjusted to think in a prosperous way based on knowledge of the three earning brackets Influence of language on our perception of earnings The misinterpretation of earnings in the media and the significance of value provision and learning over earnings Role of language habits in shaping financial well-being The societal impacts of conversational themes, using life insurance as an example Correlation between a person's language and their financial well-being   Special Listener Gift Free eBook: Activating Your Prosperity Guide. Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!  Review and Subscribe If you like what you hear please leave a review by clicking here Subscribe on your favorite podcast player to get the latest episodes. iTunes RSS

Kim and Spencer discuss the concept of retirement, with reference to thoughts from the founder of AngelList, Naval Ravikant. Ravikant's advice for retirement includes saving money, lowering your spending rate, and doing what you love so that retirement becomes unnecessary.  The hosts emphasize the benefit of virtual jobs, saying that they are perfect for older people who wish to keep working and earning, while staying active and engaged. They add that this kind of work can help offset inflation and contribute to a fulfilled life. Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity. Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Thinkers thinking and strategies today! Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.   Links and Resources from this Episode For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/ https://gravystack.com/prosperity https://prosperitythinkers.com/action/     Show Notes Ravikant’s first point: Saving money for retirement How the word 'save' is being used in the context of retirement Naval Ravikant's background and accomplishments The second point: Lowering your burn rate for retirement Ravikant's third approach to retirement: Doing what you love Benefits of doing what you love as a strategy for retirement The concept of working until old age Saving and burning from a retirement perspective Ineffectiveness of forward-budgeting and the importance of looking back at expenses Should you still start saving for retirement even if it may not provide enough for people to live on during their retirement years? Organizations that provide opportunities for seniors   Special Listener Gift Free eBook: Activating Your Prosperity Guide. Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!  Review and Subscribe If you like what you hear please leave a review by clicking here Subscribe on your favorite podcast player to get the latest episodes. iTunes RSS

Kim and Spencer discuss the importance of cash flow, or financial flow, over stagnation in wealth building. They argue that one of the often-overlooked principles of prosperity is the necessity for cash flow rather than letting money sit idly. For them, cash flow refers not only to money coming in but also the money going out. Important elements of cash flow include expenses, investments in real estate and life insurance, and outgoing cash flow in general.  Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity. Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Thinkers thinking and strategies today! Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.   Links and Resources from this Episode For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/ https://gravystack.com/prosperity https://prosperitythinkers.com/action/     Show Notes The significance of both incoming and outgoing money as part of cash flow, and how outgoing cash flow is equitably crucial The need to create money movement in our personal economy through the concept of cash flow How to get more movement in finances, whether small or large sums of money Using a case study to explain how to create movement, focus on cash flow, and generate a multiplier effect leading to long-term financial stability Universality of the principles of cash flow, irrespective of the amount of money involved Underlining the importance of planning for a lifetime guaranteed income, especially for older people and the peace of mind it brings Introducing the concept of Prosperity Economics and its history and relevance across different times and ages   Special Listener Gift Free eBook: Activating Your Prosperity Guide. Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!  Review and Subscribe If you like what you hear please leave a review by clicking here Subscribe on your favorite podcast player to get the latest episodes. iTunes RSS

In this episode of the Prosperity podcast, the hosts, Spencer Shaw and Kim Butler, discuss guidance for managing finances for a couple aged 25 with a net worth of $50,000. The hosts review a previously given AI recommendation and give revised insights. Initially, they discuss the importance of building an emergency fund of three to six months worth of living expenses, tactics for investing in retirement through 401(k)s and IRAs, and investing in one's financial education. They also discuss building a diversified investment portfolio via index funds and ETFs and the importance of setting financial goals and the associated futility with long-term financial goal setting due to life's unpredictability.  Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity. Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Thinkers thinking and strategies today! Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode. Links and Resources from this Episode For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/ https://gravystack.com/prosperity https://prosperitythinkers.com/action/     Show Notes The importance of building an emergency fund Suggestion to have six to 12 months of living expenses Investing in retirement and contributing to a 401k or IRA The need to invest in financial education Concept of diversifying investments and issues with the definition Setting financial goals in the short, medium and long-term Importance of emergency funds and protection plans Why retirement funds shouldn't be top priority for young adults The difference between an emergency fund and opportunity fund What are estate planning and cash flow control The call to action to email for guidance on cash flow control Importance of setting targets and taking action towards those targets Special Listener Gift Free eBook: Activating Your Prosperity Guide. Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!  Review and Subscribe If you like what you hear please leave a review by clicking here Subscribe on your favorite podcast player to get the latest episodes. iTunes RSS