The Prosperity Podcast

Welcome to the show! Today's episode will be a little bit different as we will have another person on the microphone: Kate Phillips. This will be an insightful and funny episode because you'll hear the language that Kim uses and the reason is that Kate is the writer behind the books, blog posts, things that get us to say: WOW! They'll talk about the four cornerstones of generational wealth. 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 Economics thinking and strategies today! Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.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 http://partners4prosperity.com/category/podcast Connect with Kate Phillips Total Wealth: Web: www.TotalWealthCoaching.com Facebook: www.Facebook.com/totalwealth Show Notes The 4 cornerstones of generational wealth - 1:32 Losing wealth - 2:33 How to prepare your beneficiaries - 3:13 How important human capital is - 5:29 The wealth of families - 6:00 Explaining the cornerstones - 8:26 Borrowing money - 8:40 Money plus knowledge - 11:54 The whole idea with perpetual wealth - 12:43 You can leave your kids a better life - 16:11 Trying to create shortcuts - 21:54 The importance of diversification - 23:27 The principles for creating a legacy - 25:02 Building a legacy takes time - 29:50 Special Listener Gift Free eBook: Financial Planning Has Failed 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 Stitcher RSS

Goals: Do they actually help or hinder? Listen in as Spencer and Kim talk about goals and why they matter. 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 Economics thinking and strategies today! Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.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 http://partners4prosperity.com/category/podcast Show Notes Goals can be limiting and they can matter - 0:43 Don't let the goal limit you - 2:00 What happens if you do not achieve a goal - 5:03 The vision stretches a goal - 6:20 Being a visionary - 7:14 The reason why people listen to this podcast - 9:30 Special Listener Gift Free eBook: Financial Planning Has Failed 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 Stitcher RSS

Kim and Spencer talk about lending money vs giving money to your children. This is a multi-faceted topic and Kim shares a lot of insights! 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 Economics thinking and strategies today! Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.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 http://partners4prosperity.com/category/podcast Show Notes A story to understand how to lend money - 0:57 Any habit that we want to install to our children, should begin since day 1 - 2:27 Starting to train your children - 4:28 A story from one of the Truth Trainings - 5:48 Teaching your kids to be resourceful individuals - 8:49 Lending money teaches lessons - 12:13 Special Listener Gift Free eBook: Financial Planning Has Failed 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 Stitcher RSS

Kim and Spencer talk about family retreats and what better time than now since we have the summer months coming up and families may be traveling. Kim has some great ideas on time with families! 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 Economics thinking and strategies today! Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.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 http://partners4prosperity.com/category/podcast Show Notes Conversation when families are together - 1:45 Having a deeper level of conversation - 2:12 Some exercises to make on a family retreat - 5:20 Having done several family retreats - 5:45 Some ideas on family retreats - 6:51 Going beyond surface-level - 8:26 Special Listener Gift Free eBook: Financial Planning Has Failed 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 Stitcher RSS

Kim and Spencer talk about wealth skipping a generation and how to keep wealth-generating within the family. Spencer shares a Chinese quote to explain a little bit more how wealth and generations are related. 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 Economics thinking and strategies today! Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.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 http://partners4prosperity.com/category/podcast Show Notes Financial education is not prevalent in high schools - 1:20 Managing money - 2:16 Not teaching children about money - 3:37 Truth Training - 4:37 Four people under the age of 21 in the last Truth Training - 6:32 The Perpetual Wealth book - 7:59 Money is something not natural to us - 8:53 Not having financial planning education - 11:33 Special Listener Gift Free eBook: Financial Planning Has Failed 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 Stitcher RSS

If you're looking to hire good accountants, lawyers, or professionals to help you or your family… This is the episode to listen to! 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 Economics thinking and strategies today! Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.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 http://partners4prosperity.com/category/podcast https://wealthability.com/ Show Notes Location no longer matters - 1:04 Setting up your bookkeeping - 1:51 Who you choose to work with - 2:39 The ability to solve problems and resourcefulness - 4:58 Where to find the answers - 6:31 Geolocation and progress - 9:28 Special Listener Gift Free eBook: Financial Planning Has Failed 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 Stitcher RSS

The secrets of paid up additions… are you familiar with that term? Listen in as Kim and Spencer unpack this term and explain it for you! 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 Economics thinking and strategies today! Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.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 http://partners4prosperity.com/category/podcast Show Notes What are paid up additions? - 1:10 What "paid up" means - 3:11 The death benefit of a policy - 3:37 The paid up additions minimum - 5:05 The maximum paid up additions and your financial planning - 7:08 Term insurance plays a role - 12:26 Premium equals cost - 15:06 Maximizing your paid up additions every year - 17:39 Special Listener Gift Free eBook: Financial Planning Has Failed 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 Stitcher RSS

Real estate is one of the most talked-about topics in the financial world right now and the large institutions are getting in, especially in the residential markets. Check out more about real estate in this episode as Kim and Spencer dive deep into this topic. 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 Economics thinking and strategies today! Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.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 http://partners4prosperity.com/category/podcast Show Notes Buying a large home - 1:47 Where the money is coming from - 2:09 Permanent capital - 2:4 House prices rising - 3:54 Knowing what's important for you - 10:15 Purchasing based on speculation - 10:53 Don't speculate - 13:20 Special Listener Gift Free eBook: Financial Planning Has Failed 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 Stitcher RSS

The time value of money isn't a commonly discussed concept but by the end of this episode, you're going to look at money differently and how your money is spent and invested. 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 Economics thinking and strategies today! Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.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 http://partners4prosperity.com/category/podcast www.truthconcepts.com Kim's book Busting the Interest Rate Lies https://www.amazon.com/Busting-Real-Estate-Investing-Lies/dp/1544504233 Show Notes What's the time value of money? - 0:51 Money in our lives exist in time - 2:03 The world of finance and the basic personal financial space - 2:49 Time value of money and the passing of time - 4:50 Inflation as an aspect of the time value of money - 5:52 How Spencer explains time value of money - 7:00 Most do not have the financial education about time value of money - 12:30 About compound interest - 13:52 Bitcoin and cryptocurrency - 16:00 Cash value life insurance - 17:16 One of the nice things about the Truth Concepts Calculator - 19:43 Find out about the personal finances arena with a Truth Concepts Calculator - 22:41 Special Listener Gift Free eBook: Financial Planning Has Failed 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 Stitcher RSS

Getting a lump sum of money for your retirement or cash flow? Which one would you choose? Check out what Kim and Spencer have to say about this decision. 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 Economics thinking and strategies today! Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode. Links and Resources from this EpisodeFor resources and additional information of this episode go to http://partners4prosperity.com/category/podcast Show Notes A human resources decision - 0:34 Having a retirement pension decision - 2:00 What inflation does to money - 2:12 Why Kim does not like financial plans - 3:08 How you can beat inflation - 5:10 Not happy with a lump sum - 5:29 Helping the world by having cash flow - 7:45 It's hard to create cash flow - 8:34 Special Listener Gift Free eBook: Financial Planning Has Failed 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 Stitcher RSS