The Prosperity Podcast

Today's episode is a listener question from Chris where he's asking if it makes sense to buy a car using a life insurance policy. 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 in this Episode: Submit your questions: hello@partners4prosperity.com eBook: Financial Planning Has Failed Show Notes: 00:00 Intro 01:35 Understand the car loan interest rate 02:13 The 3 components to understand in this listener question 04:15 The best thing to do with the down payment. 06:25 If you already have an emergency fund here's what to do next. 08:12 How to make your car loan least expensive as possible 11:48 Mutual life insurance companies vs typical whole life companies

Kim Butler and No B.S. Money Guy Todd Strobel share financial wisdom that's mentioned in a June article from The Penny Hoarder titled "10 Things We Learn From Our TV Dads". 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 in this Episode: Submit your questions: hello@partners4prosperity.com eBook: Financial Planning Has Failed The Penny Hoarder article: "10 Things We Learn From Our TV Dads" Show Notes: 00:00 Intro 00:56 Article "10 Things We Learn From Our TV Dads" 01:21 Mike Brady from Brady Bunch "Look and don't get took": The importance of Due Diligence 03:57 Homer Simpson "Work hard to get what you want, now be quiet while I play the lottery." 04:55 One of the biggest myths out there: That you can get something for nothing 05:32 Find work that you love and more into life, so you can get more out of life 06:07 Get in the habit of saving money, look into Stash.com 06:53 Tony Soprano from Sopranos "How to be a more effective boss (mafia style)-- buy land" 08:17 Danny Clutter of Full House "You have to move on in life" 11:07 Ward Cleaver from Leave It To Beaver "When you make a mistake admit it. If you don't, you only make matters worse," 13:07 Louis C.K. "The only time you look in your neighbor's bowl is to make sure that they have enough. You don't look in your neighbor's bowl to make sure you have as much as them." 15:38 Creating an emergency and opportunity fund 17:55 Ned Stark "Winter is coming. In the winter, we must protect ourselves, look after one another." 20:38 Walter White "You can have anything you want if you're willing to work for it." 23:50 Don Draper "Change is neither good or bad, it simply is."

The way you do finances may not be the same way your parents did it. Let best-selling author and financial planner Kim Butler and No B.S. Money Guy Todd Strobel tell you the top ten tricks to financial prosperity in today's world. 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 welcome@prosperitythinkers.com and we may answer it in an upcoming episode. Links in this Episode: Submit your questions: welcome@prosperitythinkers.com eBook: Financial Planning Has Failed Show Notes: 00:00 Intro 00:35 Article: "Ten Pieces of Financial Advice I Wish I Knew In My Twenties" 01:16 Financial memory is 7 years 01:30 1. Report your rent to the credit bureau (as the renter) 02:43 2. Learn how to use a credit card the right way 04:29 3. Don't inquire unless you know for sure 05:40 4. Build your credit 07:23 5. You don't have to be rich to invest 09:04 6. Save enough for rainy days 09:40 Saving creates peace of mind 11:10 7. Hold off on buying a car 13:23 8. Beware of predatory lending 14:59 9. Stop spending money on socializing 16:16 Listener gift: Financial Planning Has Failed 17:01 10. Harder to get out of a hole than in it

To achieve prosperity means more than to just have money. In this episode, best selling author Kim Butler and No B.S. Money Guy Todd Strobel outline the Five Faces to Prosperity. These are the old-school values to Prosperity Economics that have continued to define the movement. Learn what it takes to live a harmonious life in just 18 minutes. 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 welcome@prosperitythinkers.com and we may answer it in an upcoming episode. Links in this Episode: Submit your questions: welcome@prosperitythinkers.com Book Recommendation: Cracking the Camouflage Ceiling Show Notes: 00:00 Intro 00:36 Old School Principles: The Five Faces of Prosperity 01:34 We believe in harmony 03:37 The first face 06:17 The second face 06:36 Everything begins with mindset 08:05 The third face 09:15 Add to your physical life, don't subtract 11:51 The fourth face 12:31 Social Capital & The Four Habits 13:51 The fifth face 14:44 Cracking the Camouflage Ceiling 15:48 Hawthorne Publishing hawthornepub.com 16:11 Spirituality is important 17:25 Give first attitude

Welcome to the 212th episode of the Prosperity Podcast! In this episode, best selling author Kim Butler and No B.S. Money Guy Todd Strobel talk about the five biggest financial mistakes that startups make according to David Ehrenberg. Find out how to avoid these mistakes to maximum your cash flow and ensure the success or your small business. 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 in this Episode: Submit your questions: hello@partners4prosperity.com Article: The Five Giant Financial Mistakes that Startups Make Show Notes: 0:00 Intro 00:57 Starting up a Business 01:15 So Many Tools are Available for Starting up a Small Business like a Big Business 03:25 The Five Giant Financial Mistakes that Startups Make 03:44 Mistake #1: Miscalculating Your Cash Burn Rate 06:21 Mistake #2: Not Completely Understanding Your MarketPlace 10:00 The Importance of Pricing Effectively 11:06 Mistake #3: Hiring and Expanding too Quickly 13:07 Mistake #4: Making Bad Hires 14:12 Mistake #5: Doing Your Own Finances (When You Have No Training)

Join best-selling author Kim Butler and No B.S. Money Guy Todd Strobel in this episode of the the Prosperity Podcast as they discuss the financial challenges that millennials, and really many generations face. Find out what solutions they have for problems like student debt, financial illiteracy and stagnant wages, and how they differ from popular opinions and mainstream media. 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 in this Episode: Submit your questions: hello@partners4prosperity.com eBook: Financial Planning Has Failed Credit help: NationalCreditCare.com Article: How Millennials Can Overcome their Six Biggest Financial Obstacles Show Notes: 0:00 Intro 00:24 How Millennials Can Overcome their Six Biggest Financial Obstacles 02:08 Challenge #1: Millennials are Financially Illiterate 05:38 Solution: Get An Auto-Didactic (Self Taught) Education in Personal Finance 08:35 Solution: Get Help With Your Education 10:45 Challenge #2: Millennials are Financially Fragile 12:42 Challenge #3: Millennials are Burdened with Student Loan Debt 13:32 Why You Might Not Want to Pay Down Student Loan Debt as Fast as Possible 15:00 Solution: Skip College? Maybe Not, But Consider Postponing 16:26 Challenge #4: Millennials Wages are Stagnant 18:26 Kim's Solution: Learn to Save, Live on Your Salary 17:04 Articles Solution: Negotiate for a Higher Salary, Look for a Higher Paying Job 19:44 Challenge #5: Rising Rents Eat up a Burdensome Amount of Millennial's Income 20:32 Kim's Solution: Get a Cheaper Apartment, a Second Job, or a Roommate 21:08 Article's Solution: Move Somewhere Cheaper 22:28 Challenge: Fewer and Fewer Millennials are Becoming Full-Time Entrepreneurs 23:03 Solution: Do Both 23:40 Pursue an Entrepreneurial Thought Process

In this episode, best selling author Kim Butler and No B.S. Money Guy Todd Strobel pack in a ton of information on how to make the most of your dollar. They offer take-away solutions that you can start using today. 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 in this Episode: Submit your questions: hello@partners4prosperity.com Financial Calculator: truthconcepts.com eBook: Financial Planning Has Failed Show Notes: 00:00 Intro 00:37 How to Make Cash Flow from Your Asset Base 01:05 Make your dollar do many jobs. 02:19 Interest and bonds are not as secure now 03:10 Real Estate Investing 03:25 Bridge Loan Providers take away some of the work of Real Estate 04:54 Financial Calculator 09:45 Truth trainings 10:10 Questions about bridge loans 10:51 Residential vs. Commercial bridge loans 13:48 Accredited advisors 14:24 Senior Life settlements 14:41 eBook: Financial Planning Has Failed 17:14 Independent Advisors provide better advice

Summary: In this episode, best selling author Kim Butler and No B.S. Money Guy Todd Strobel walk through a magazine article from Kiplinger Magazine. This episode sheds light on some technical facts about everyday finance you may be surprised to learn. 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 welcome@prosperitythinkers.com and we may answer it in an upcoming episode. Links in this Episode: Submit your questions: welcome@prosperitythinkers.com Show Notes: 00:00 Intro 00:43 Kiplinger Magazine- Financial Fluency 01:34 Where to store large sums of cash 04:02 How to boost your paychecks 06:30 What will help you build a credit history or build your credit? 07:12 Your credit card balance should never be 30% of your limit 09:44 Investments for your long term financial goals 11:36 Senior Life Settlements- send us an email about this 12:11 What insurance could you do without? 13:41 FDIC explained 16:54 What affects your auto-insurance rates? 18:00 What age do you start filing a tax return? 20:43 Withdrawing from a Roth IRA 22:22 Please leave us questions

In this episode, best selling author Kim Butler and No B.S. Money Guy Todd Strobel talk about how to continue giving to your community after passing on. If you think you might want to include a charity in your will, give this episode a listen and you'll find out some keen insight on how to do that. 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 welcome@prosperitythinkers.com and we may answer it in an upcoming episode.

Summary: In this episode, best selling author Kim Butler and No B.S. Money Guy Todd Strobel talk about the differences between Stock and Mutual Insurance Companies. In just 15 minutes you will have a better understanding of where you should invest your money for life insurance. 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 welcome@prosperitythinkers.com and we may answer it in an upcoming episode. Links in this Episode: Submit your questions: welcome@prosperitythinkers.com Free ebook and audiobook: Financial Planning Has Failed Show Notes: 00:00 Intro 01:20 Should you go with a Stock company or a Mutual Company? 01:35 Kim defines these terms 03:23 Only 19% of life insurance companies are mutual 03:42 75% are stock companies, who pay stock holders first 04:03 6% of life insurances companies are fraternal. 05:35 Explaining dividends. 07:44 Cash value can never go down- aspect of choosing mutual 13:39 Most mutual companies are over 100 years old. 14:31 Mutual reserves are dollar for dollar 14:45 Listener gift: Financial Planning Has Failed