The Prosperity Podcast

Summary: In this short episode, best selling author Kim Butler and No B.S. Money Guy Todd Strobel talk about some hard questions. She gives advice on how to handle your own death arrangements, so your family members won't have to worry later. Included in this episode are awesome resources to help make the process easy and affordable. 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 Medcure: medcure.org Heritage Cremation Provider: www.heritagecremationprovider.com Five Wishes: fivewishes.org Show Notes: 00:00 Intro 00:36 Kim looks into arranging for her death 02:25 Medcure- cremations for free, but you donate to science 02:51 Heritage Cremation Provider 03:40 Very affordable cremation services 05:00 Be done with it so your family members don't have to worry 06:11 Is this a question you handle on your own or should it be a family discussion? 09:01 Who do you entrust with this information to make sure it's executed properly? 10:46 After you pass away, who's in control of what kind of service you have? 12:21 Any other resources you'd like to share? 12:31 Five Wishes 14:11 We want listener questions!

Summary: In this short episode, best selling author Kim Butler and No B.S. Money Guy Todd Strobel talk about whether or not Robo-Advisors are taking over the industry. Apparently, the future looks bright for real financial advisors. 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 00:31 AARP article: Should a robot manage your money? 01:29 The future looks good for advisors 03:00 Numbers vs. Philosophy 04:30 Robo-advisors= only stock market 05:43 Why have Robo-Advisors continued to gain popularity? 07:39 AARP says: Robot Advisors are democratizing financial planning 08:24 Independent RIA firms will eventually outshine Robo-Advisors 10:37 Robots cannot give people advice 11:40 What is a Robo-Advisor? 14:30 Comparing three different investment strategies 18:43 Give 90%, get 90% 19:30 AUM Model 21:43 Robots can help you invest, but not give you advice.

Summary: In this short episode, best selling author Kim Butler and No B.S. Money Guy Todd Strobel break down the do's and don'ts to saving money quick. 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 00:34 Debunking the Money Saving Section in AARP magazine 01:53 Advisors get paid when people invest money, not save it 02:19 1.Sell the shirt off your back- sell your clothes 03:49 2.Redeem U.S. Savings bonds 05:19 3.Become a dog-sitter 05:44 4. Join a Focus group-nope 07:04 Ask Book by Ryan Levesque 08:45 5. Rent out your car 10:12 6. Refer a friend as a new hire- yes! 10:45 7. Clean out your house- yes! 11:41 8. Tap Insurance- yes! Borrow against your life insurance savings 12:50 Contact us directly if you are interested in Whole Life Insurance 15:46 Listener question

Summary: In this short episode, best selling author Kim Butler and No B.S. Money Guy Todd Strobel break down the benefits and uses for an MEC (Modified Endowment Contract) versus a Single Premium Life Insurance Policy. 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, Financial Planning Has Failed Kim Butler's book: Busting the Life Insurance Lies Kim Butler's book: Live Your Life Insurance Show Notes: 00:00 Intro 00:20 Todd + Kim 00:33 Single Premium Life Insurance question 01:29 When Single Premium Life immediately turns into a MEC 02:44 You can borrow against Life Insurance 03:27 What a MEC is good for 04:51 Bridge Loan Investments 06:18 MEC is not a liquid asset 07:41 Underlying expenses with Life insurance 08:24 Have confidence in a dividend, not in the stock market. 09:41 Are there any particular strategies Kim would use? 10:47 If you're more focused on a legacy, then we recommend MEC 11:23 Listener resources- Live Your Life Insurance, Busting the Life Insurance Lies 12:20 Listener gift- Financial Planning Has Failed, ebook partners4prosperity.com/ebook

Summary: Best selling author Kim Butler and No B.S. Money Guy Todd Strobel offer insight on the direction the world seems to be heading- towards digital money. India did it, Australia is next, and they offer advice on what you should do if cash is eliminated in America as well. 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 Show Notes: 00:00 Intro 00:33 What has happened, and what could happen in the future 00:44 Indian gov't banned cash- 1,000 + 500 rupee notes 01:51 Kim's opinion on this 02:05 What if they take away the dollar? 02:55 Check off on your list what you can do 03:15 It's already happening in Australia 03:36 Electronic money is more convenient 04:23 Bitcoin and the blockchain 05:45 Electronic money used for behavioral modification 08:37 What Todd would do in this situation 11:19 Kim's advice about what families can do to prepare for emergencies 15:32 No problem on earth exists, without the person present to solve it. 16:02 Celebrate success and stay positive

Summary: Best selling author Kim Butler and No B.S. Money Guy Todd Strobel debate some of the financial advising tips offered by an article from the AARP magazine. This episode shows in detail how society is setting you up for financial failure, and how it's your responsibility to swim upstream. 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: Listener Gift: Kim's eBook Financial Planning Has Failed Submit your questions hello@partners4prosperity.com Show Notes: 00:00 Intro 00:34 Topic: an Article in AARP magazine 00:55 How we are tricked into doing the right thing by behavioral science 01:14 Humans don't always do what's best for the long term 02:13 Opt-in vs. opt-out 401K plan 03:42 Investing vs. Saving 04:24 5th of the 7 Principles of Prosperity 07:23 Article talks about making saving fun 08:57 Overcoming short term thinking 11:00 New technology for Prosperity Economics 12:40 Competition- is it good? 14:48 Kim doesn't like the envelope system except for short term savings 16:50 Seven Principles 17:30 Listener gift

Summary: Best selling author Kim Butler and No B.S. Money Guy Todd Strobel talk about how to choose a life insurance policy. One thing you'll learn: assets aren't everything. 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: Kim Butler's book: Busting the Life Insurance Lies Kim Butler's book: Live Your Life Insurance Submit your questions hello@partners4prosperity.com Show Notes: 00:00 Intro 00:45 Topic: Two investors try to make a decision 01:55 Mutual life insurance companies by law must return 100% of their profits to their owners 05:37 Assets can be irrelevant 06:40 Most important to know: Whether a company is mutual or not, and how long they've been in business 08:04 Higher premium equals higher contribution to cash value 09:27 State approved policy design 10:00 Long term, all mutual companies will be the same 11:03 Is there much of a difference on state to state for premiums? 13:17 The three most important things to note 14:21 Direct recognition 15:10 Podcast for direct recognition information 15:27 Kim's books: Busting the Life Insurance Lies, Live Your Life Insurance 17:21 Kim doesn't just give answers but teaches you to ask the right questions

Summary: Best selling author Kim Butler and No B.S. Money Guy Todd Strobel analyze how Single Premium Life Insurance policies may not be the best choice 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 hello@partners4prosperity.com and we may answer it in an upcoming episode. Links in this Episode: Kim Butler's book: Live Your Life Insurance Submit your questions hello@partners4prosperity.com Show Notes: 00:00 Intro 00:45 Topic: Two investors try to make a decision 01:55 Mutual life insurance companies by law must return 100% of their profits to their owners 05:37 Assets can be irrelevant 06:40 Most important to know: Whether a company is mutual or not, and how long they've been in business 08:04 Higher premium equals higher contribution to cash value 09:27 State approved policy design 10:00 Long term, all mutual companies will be the same 11:03 Is there much of a difference on state to state for premiums? 13:17 The three most important things to note 14:21 Does not matter if a company is direct recognition 15:10 Podcast for direct recognition information 15:27 Kim's books: Busting the Life Insurance Lies, Live Your Life Insurance 17:21 Kim doesn't just give answers but teaches you to ask the right questions.

Summary: Best selling author Kim Butler and No B.S. Money Guy Todd Strobel talk about how to maintain a prosperous mindset when life (or your finances) face inevitable setbacks. Their conversation teaches the importance of always learning, and how you should always remember to take care of yourself so that you can then give to others. 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: GrowingBolder.com : A website for inspiration Submit your questions hello@partners4prosperity.com Show Notes: 00:00 Intro 00:33 Life is about second chances 01:16 People's fear of future mistakes 03:00 Go slow and start small, with money and everything else 06:11 Kim's "give first" attitude 08:11 Learning outside of your main area of focus can indirectly help that focus 10:00 "Failure is learning" 12:00 Kim's motto: Just do something 12:43 If you plan, plan effectively 14:11 Focus on the present 14:42 Give yourself time

Summary: Best-selling author Kim Butler and No B.S. Money Guy Todd Strobel talk about Prospective Product Bloat, which is the current phenomena of having too many financial planning tools to choose from. They explain how it may be better just to simplify 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: Listener gift - Financial Planning Has Failed book and audiobook Submit your questions hello@partners4prosperity.com Show Notes: 00:00 Intro 00:30 Prospective Product Bloat 00:45 Is complex better or just a sales technique? 01:21 Kim's experience selling these products 02:18 Quick answer: Simple is better 03:50 Example of simplifying 04:33 Question for listeners 06:55 3 Things money should do: Be liquid, grow, create income 08:00 Bridge loan investing 10:30 Concepts should be explainable to a high school student 11:33 The client should drive the meeting 13:24 Find an advisor that will listen to you