The Prosperity Podcast

In this episode Kim and Todd go through a life insurance quiz where they talk about the differences between universal life and whole life and some of the more technical details inside the life insurance industry. Tune in with Kim D.H. Butler and No B.S. Money Guy Todd Strobel to find out how to take control of your finances 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 transcriptions and additional information of this episode go to http://partners4prosperity.com/category/podcast Special Listener Gift Free eBook: Financial Planning Has Failed Show Notes 1:21 - Kim begins sharing her answers to the quiz 2:45 - Converting to whole life and how you can do it 7:47 - What endowment means with life insurance 9:45 - Understanding the differences between universal life and whole life 12:15 - Who owns the cash value on whole life policies? 15:02 - Hear why Kim doesn't like this type of policy 22:04 - This type of policy would be best used when the need for protection declines 33:28 - What happens when a policy covers two lives but only pays when the second insured person dies? 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. Click here to subscribe with iTunes Click here to subscribe with Stitcher Click here to subscribe with RSS

Patrick Donohoe talks with Todd Strobel about his perspective of the economy right now and how we should open our eyes to discover a lot of opportunities amidst this current disruption we are in. This is a special episode that's sure to pique your interest. Tune in with Kim D.H. Butler and No B.S. Money Guy Todd Strobel to find out how to take control of your finances 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 transcriptions and additional information of this episode go to http://partners4prosperity.com/category/podcast Connect with Patrick https://paradigmlife.net/about/patrick-donohoe https://www.linkedin.com/in/paradigmlife www.thewealthstandard.com https://www.amazon.com/Simon-Sinek/e/B002CB2SDC Special Listener Gift Free eBook: Financial Planning Has Failed Show Notes 1:12 - Where Patrick see's the economy right now 4:28 - Don't be paralyzed and be prepared 5:50 - Alternative investments to look at 7:42 - If you were starting over from scratch where would you go for information? 11:23 - We are amidst a disruption with a lot of opportunity if people open their eyes 14:04 - Where to put extra money to outpace inflation 15:25 - Find out what you love doing, not what you have to do to pay your bills 17:37 - Why retirement doesn't work 18:39 - Patrick discovered something he didn't want in his business 21:17 - A different way to look at the 401k 23:30 - The alternatives to a 401k 25:10 - How to catch up when you don't feel prepared in your 50's 28:20 - Advice for passing wealth to the next generation 32:12 - Leave a legacy Review and Subscribe If you like what you hear please leave a review by clicking hereSubscribe on your favorite podcast player to get the latest episodes. Click here to subscribe with iTunes Click here to subscribe with Stitcher Click here to subscribe with RSS

If you're thinking about retiring and factoring in the cost of living, taxes, environment and recreation this is the podcast to pay special attention to. Your hosts Kim and Todd talk about the top 25 cheapest cities places to retire. Tune in with Kim D.H. Butler and No B.S. Money Guy Todd Strobel to find out how to take control of your finances 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 transcriptions and additional information of this episode go to http://partners4prosperity.com/category/podcast https://www.cbsnews.com/media/25-cheapest-places-to-retire/3 Special Listener Gift Free eBook: Financial Planning Has Failed Show Notes 3:18 - Bakersfield, CA 4:15 - St. Louis, MO 4:50 - Gainesville, FL 5:14 - Columbia, SC 6:18 - Phoenix, AZ 6:54 - Austin, TX 7:36 - Dallas, TX 8:43 - Greenville, SC 9:47 - Pensacola, FL 10:20 - Sioux Falls, SD 11:20 - Ann Arbor, MI 12:02 - Fremont, CA 12:52 - Tulsa, OK 13:22 - Salem, OR 14:13 - Madison, WI 14:38 - Kansas City, MO 15:13 - Rochester, NY 15:51 - Salt Lake City, UT 16:30 - Omaha, NE 17:07 - Albuquerque, NM 17:47 - Mobile, AL 18:49 - Tucson, AZ 19:14 - Oklahoma City, OK 19:39 - San Antonio, TX 20:15 - Athens, GA 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. Click here to subscribe with iTunes Click here to subscribe with Stitcher Click here to subscribe with RSS

Kim and Todd talk about a recent AARP article: When a Con Man Calls. They discuss the top scams and fraud that get people in hot water and how you can avoid getting duped. Tune in with Kim D.H. Butler and No B.S. Money Guy Todd Strobel to find out how to take control of your finances 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 transcriptions and additional information of this episode go to http://prosperitythinkers.com/category/podcast https://www.aarp.org/money/scams-fraud/info-2017/imposter-scams-con-man.html Special Listener Gift Free eBook: Financial Planning Has Failed Show Notes 0:33 - AARP article: When a Con Man Calls 2:17 - Scam #1 - Courthouse calling 3:09 - Scam #2 - Winning the lottery 4:25 - Scam #3 - Puppy breeder 6:05 - Scam #4 - Dr. representative 7:06 - Scam #5 - Utility scam 8:26 - Scam #5 - Police and Fire donations 11:04 - Scam #6 - Unclaimed property 12:17 - Scam #7 - IRS scam 12:57 - Scam #8 - Ticket seller 13:36 - Scam #9 - Long distance lover 14:07 - Scam #10 - Verify bank information 15:04 - Scam #11 - Military representative 15:38 - The one scam that almost got Kim Review and Subscribe If you like what you hear please leave a review by clicking hereSubscribe on your favorite podcast player to get the latest episodes. Click here to subscribe with iTunes Click here to subscribe with Stitcher Click here to subscribe with RSS

Warren Buffett is known as one of the world's most successful investors and in this episode Kim and Todd cover a recent article from US News called: 9 Investing Steps from Warren Buffett's Playbook. Tune in with Kim D.H. Butler and No B.S. Money Guy T

Peter Diamandis is one of the world's most innovative thinking people and in this episode Kim and Todd talk about the new evidences of abundance that Peter often talks about. These evidences touch the many areas of life from health, wealth, energy, food and even the blockchain. This is a great episode to immerse yourself in where the world is going. Tune in with Kim D.H. Butler and No B.S. Money Guy Todd Strobel to find out how to take control of your finances 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 transcriptions and additional information of this episode go to http://partners4prosperity.com/category/podcast http://www.diamandis.com Special Listener Gift Free eBook: Financial Planning Has Failed Show Notes 1:05 - Peter Diamandis is the topic of today's conversation 4:36 - The truth of the world's global economy 5:41 - Find a way to be apart of GDP and get paid for it 6:53 - How 3rd world countries are going to leap forward 7:23 - Blockchain and government 10:39 - Health and mortality 11:42 - Plummeting teen birth 13:24 - Exponential tech impact on health 15:07 - The environment 15:57 - Drones 16:51 - Energy 19:11 - Food 20:59 - What to watch out for Review and Subscribe If you like what you hear please leave a review by clicking hereSubscribe on your favorite podcast player to get the latest episodes. Click here to subscribe with iTunes Click here to subscribe with Stitcher Click here to subscribe with RSS

In this special episode Kim D.H. Butler shares her personal story with us today. She talks about the early beginning of her career and gives us an insight into her life. Tune in with Kim D.H. Butler and No B.S. Money Guy Todd Strobel to find out how to take control of your finances 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 transcriptions and additional information of this episode go to http://partners4prosperity.com/category/podcast https://www.amazon.com/Live-Your-Life-Insurance-Butler/dp/1441486895 http://liveyourlifeinsurance.com Special Listener Gift Free eBook: Financial Planning Has Failed Show Notes 2:04 Kim prefers to be a private person 3:48 Kim working a bank job and being introduced to life insurance 5:34 In 1991 she believed you needed to walk the talk and have life insurance 9:15 She left banking in 1990 and started in the insurance / financial planning industry 11:16 Her breaking point with the financial planning industry 15:48 Why she was buying multiple policies over the years 18:18 Dividend rates she was getting on her policies 19:34 If you have a fixed rate loan against your life insurance cash value that's fixed rate forever 20:26 Another reason why insurance companies are more stable than banks 22:18 In 2004 they purchased an imploded policy from someone else 28:39 Kim wants everyone to learn that whole life insurance is the best way to store cash Review, Subscribe and Share If you like what you hear please leave a review by clicking here Subscribe on your favorite podcast player to get the latest episodes. Click here to subscribe with iTunes Click here to subscribe with Stitcher Click here to subscribe with RSS

Self worth is the permission to be free. In this episode Kim and Todd talk about how self worth applies to your net worth and what you can do to improve your self worth and become more valuable. Tune in with Kim D.H. Butler and No B.S. Money Guy Todd Strobel to find out how to take control of your finances 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 transcriptions and additional information of this episode go to http://partners4prosperity.com/category/podcast Special Listener Gift Free eBook: Financial Planning Has Failed Show Notes 1:18 You will never be able to maintain a financial level that you do not believe you are worth 2:13 The #1 skill of entrepreneur is to be able to have self-generated confidence 3:23 What you need to do to increase your income in the marketplace 5:10 People with the highest self worth are willing to give the most 6:37 Why fake it till you make it doesn't work 7:53 If you're earning more than $100/hr you should have an assistant 9:29 Where to start to improve your self worth 13:20 Paying it forward and being of service Review, Subscribe and Share If you like what you hear please leave a review by clicking here Subscribe on your favorite podcast player to get the latest episodes. Click here to subscribe with iTunes Click here to subscribe with Stitcher Click here to subscribe with RSS

In a recent CNBC article they talk about how much you should have saved by age 50. Together Kim and Todd talk about this article and go through the principles of savings. Tune in with Kim D.H. Butler and No B.S. Money Guy Todd Strobel to find out how to take control of your finances 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 transcriptions and additional information of this episode go to http://partners4prosperity.com/category/podcast https://www.cnbc.com/2017/09/01/how-much-you-should-have-saved-by-50.html Special Listener Gift Free eBook: Financial Planning Has Failed Show Notes 1:21 The medium working age family had $5,000 in savings 1:46 If you're going to retire by age 67 you need a minimum of 6X your salary by age 50 3:03 What are you going to live on when you get close to retirement age? 4:17 The assumption is that your expenses are lower at age 67, but is that correct? 7:01 If you're 50 you need to be thinking about cashflow living an active lifestyle 7:49 Self worth is so much more important than net worth 9:20 Why even try? Review, Subscribe and Share If you like what you hear please leave a review by clicking here Subscribe on your favorite podcast player to get the latest episodes. Click here to subscribe with iTunes Click here to subscribe with Stitcher Click here to subscribe with RSS

"What is an efficient way to transfer wealth to my posterity and still have some control over, and enjoy that wealth?" Kim Butler and No B.S. Money Guy Todd Strobel address this question to help listeners understand their best options. Tune in to find out how to take control of your finances 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 EpisodeSubmit your questions: hello@partners4prosperity.com Book - The Opposite of Spoiled by Ron Lieber www.partners4prosperity.com Special Listener Gift Free eBook: Financial Planning Has Failed Show Notes: 00:00 Intro 01:21 "The Opposite of Spoiled--Raising Kids Who Are Grounded, Generous, and Smart about Money" by Ron Lieber 03:04 How to share wealth with your posterity, but still have some control on it 04:03 Benefits of getting a life insurance policy on a grown child 06:00 Listener question: "Do you need to give to all the kids, and should it be equal?" 07:26 What about the spouse? 09:13 Tax efficient ways of transferring wealth 11:30 The "Family Banking Book" go to hello@partners4prosperity.com to sign up 13:11 What banks don't want people to know Review, Subscribe and ShareLeave a review about the podcast by clicking here Subscribe on your favorite podcast player to get the latest episodes. Click here to subscribe with iTunes Click here to subscribe with Stitcher Click here to subscribe with RSS