The Prosperity Podcast

Summary: In this episode, best selling author Kim Butler and No B.S. Money Guy Todd Strobel talk about the importance of finding out what Prosperity means to you. This is the first step to developing a prosperous mindset, in life and with finances. 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 Sneak Peak of New Book: Eight Perspectives on Prosperity Economics Show Notes: 00:00 Intro 00:37 Today's topic: the definition of Prosperity 00:50 We want listener feedback 01:00 Define Prosperity to have a goal to work towards 02:30 Gratitude comes first 02:36 Applying a good mentality to your finances 04:51 Definition of Prosperity changes throughout time for individuals 07:07 Three listener questions 09:12 Patrick Donohoe: The infinite vs. the finite game 12:29 Article about Chic-fil-a 12:42 New book: 8 Perspectives on Prosperity Economics 13:15 Sneak peek of book for listeners 13:41 Contact the podcast for questions hello@partners4prosperity.com

Summary: In this episode, best selling author Kim Butler and No B.S. Money Guy Todd Strobel talk about the advantages and disadvantages of buying vs leasing a car. This topic comes from a recent article by Jane Bryan Quinn in AARP magazine. 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 Free ebook and audiobook: Financial Planning Has Failed Show Notes: 00:00 Intro 01:50 The authors opinion focuses on three different options 02:37 Challenges from the lease company 04:22 The biggest issue with a lease and how they add up massive fees. 06:05 If you're going to do a lease understand all the costs 08:09 Paying cash vs financing cars 10:56 Each time you decide to get a new car look at dealer financing vs your own financing

Summary: In this episode, best selling author Kim Butler and No B.S. Money Guy Todd Strobel talk about 99 Ways to save money which was featured in the July/August AARP magazine. Listen to hear how many of these saving strategies you are applying in your financial life. 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 www.pparx.org - Partnership for Prescription Assistance www.wallethub.com - Credit card comparisons www.farecompare.com - Flight pricing comparisions Show Notes: 00:00 Intro 01:44 Maxing out your retirement plan 04:35 Apply for free medication www.pparx.org 05:23 Audit a college course to expand your learning 07:13 Paying your mortgage twice a month 09:46 Transferring your credit card debt to a card with 0% interest 10:49 Cancel your collision coverage on your auto insurance 12:25 Pick your flights carefully by flying on the best days 14:04 Hire someone to negotiate your bills 14:58 Quit drinking soda to save $120 a year 15:58 Get reimbursed for ATM fees from using outside banks

Summary: In this episode, best selling author Kim Butler and No B.S. Money Guy Todd Strobel test their knowledge by taking a quiz from FINRA.org. Advisors: listen up to see if you could correctly answer these interesting financial questions. 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 Financial quiz: FINRA.org Show Notes: 00:00 Intro 00:38 Taking a quiz on financial literacy on FINRA.org 01:30 Calculating compounding interest 02:30 Calculators that Kim and Todd use 02:46 Free Calculator App 04:20 Inflation vs. Interest rates 04:45 What happens to bond prices if interest rates fall 06:00 Mortgage payments 07:20 Financial Planning Has Failed 07:44 Buying single company stock vs. stock mutual fund 08:50 Investment calculations 12:45 Busting The Interest Rate Lies 14:00 Listener input welcomed

Summary: In this episode, best selling author Kim Butler and No B.S. Money Guy Todd Strobel debate statistics that were published by FINRA. These stats claim that Americans are improving financially, but is this really true? 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 00:41 Report issued by FINRA.org 01:17 Intro to the article 02:46 Kim: "Everything's ok as long as everything's ok" 03:22 Digital wealth goes through cycles 04:00 You get paid what you're worth. If you want to get paid more, provide more value. 04:34 Moving towards a global workforce 05:56 Going over statistics in the article 07:15 Retirement vs. Future finances 12:13 Student loans not getting paid 13:31 Financial literacy is different from stock market literacy 16:25 Spending vs. Savings 17:17 Spending going up and saving rate is going down 22:25 Pay yourself back at interest

Summary: In this episode, best selling author Kim Butler and No B.S. Money Guy Todd Strobel talk about the time it takes to double your money. Surprisingly, it's not always the same amount of time, even if you have the same interest rate. 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 How long does it take 1,000 to get to 2,000? 01:31 Time Period Financial Calculator 02:53 What about the human element? 03:16 How AI and Robot Financial Advisors are affecting the industry 05:18 Peter DiaMandis and AI 06:48 Computers can only tell you certain things 08:56 Simple ways to make good rates of return 09:24 Use free trials of software 10:29 Holistic Calculator

Summary: In this episode, best selling author Kim Butler and No B.S. Money Guy Todd Strobel demystify an interesting article from Inc. Magazine. Each bullet point they highlight has juicy information that will make you better at managing your finances. 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 Listener Gift: eBook Show Notes: 00:00 Intro 00:37 Article of INC Magazine- June 2017 episode 02:37 Money is at the root of every decision 03:15 Treat your personal finances like a business 04:29 Credit Card 05:09 Your bank statements are your reputation 06:56 Make money before you start asking for it 08:55 Pay yourself first 12:00 Budgets don't work 14:23 The difference between purpose, passion and a good idea 16:05 Cash flow is better than net worth 18:24 If it's too good to be true: dig deeper 19:45 Buy what you love, and what is essential 21:19 People in this article are considered wealthy 22:09 Connecting to the day-to-day person 23:28 Necessity never made a good bargain 23:59 Listener Gift- Financial Planning Has Failed

Summary: In this episode, best selling author Kim Butler and No B.S. Money Guy Todd Strobel talk about Mel Robbins' new book. It's called: The 5 Second Rule: Transform Your Life, Work, and Confidence with Everyday Courage. This book helps thousands transform themselves into action oriented people who lead better lives. 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 Listener Gift: eBook Dan Sullivan's Strategic Coaching: https://www.strategiccoach.com/ Mel Robbins' Book: The 5 Second Rule Show Notes: 00:00 Intro 00:42 Mel Robbins' Book: the 5 Second Rule 01:31 What is the 5 second rule? 01:41 Help your mind tackle things you don't want to do 02:17 Count backwards, 5 4 3 2 1..Launch 03:17 Highlights from the book 04:20 Kolbe Assessment 05:21 Dan Sullivan's Strategic Coaching 06:20 The connection between your brain and your instincts 08:20 Locus of control 12:23 3 Main Behaviors people want to change 14:58 30 before 7:30 15:23 Concept of stopping your day 16:22 Listener Gift 16:51 We also want book recommendations!

Summary: In this episode, best selling author Kim Butler and No B.S. Money Guy Todd Strobel talk about writing your own will. If you're unsure where to even get started, this episode maps out the essentials-how to do it, what to include, and resources to help you. 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 Listener Gift: Financial Planning Has Failed ebook Resources for listener: partners4prosperity.com/blog Show Notes: 00:00 Intro 00:45 Article in Money Magazine 01:31 Will + living trust combination is best 03:20 Do you need an attorney or can you do it with online resources? 06:27 Probate delays things 07:28 Deciding who is an heir 07:46 Naming an executor 08:41 Guardianship issues 10:30 Splitting up your finances 11:58 Biological vs. Stepchildren 12:20 Do you give inheritance all at once? 13:16 Incentive Trusts 14:15 Recommended Resources 15:00 Listener gift

Summary: In this episode, best selling author Kim Butler and No B.S. Money Guy Todd Strobel talk about the pros and cons of opening a Home Equity Line of Credit. Listeners will learn about when they should be used, and why mortgages may be the better way to go. Stay tuned for the listener gift at the end! 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 Listener Gift: Financial Planning Has Failed ebook Show Notes: 00:00 Intro 00:45 Answering a listener question 00:57 Home equity line of credit vs. Traditional Mortgage 03:22 Additional facts on the listener case 05:04 Busting the Interest Rate Lies 05:38 General Rule of Thumb: Putting extra money against a mortgage is not a good idea 07:06 Variable interests rate vs. Fixed interests rate 08:14 How home equity is handled at the banks 08:48 Can the bank still call the note? 11:07 Never have borrowed money as your emergency fund. 14:27 Tax implications of Home Equity Credit Lines 17:33 Mortgages are efficient debt 19:16 Listener Gift