The Prosperity Podcast

Summary: Best-selling author Kim Butler and No B.S. Money Guy Todd Strobel debate the topic of data harvesting in the financial and health industries. They want to know: how much information is too much? And how is sharing this information helping us personally? 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 00:50 Computers collect and use information 01:09 How much should financial institutions be able to collect from you? 02:07 Invasive questions 02:39 Cameras determine if you're lying on a loan application 04:00 Financial institutions: products vs. strategy 05:27 Kim wonders if this is too much big brother, or is it valuable? 06:19 Trading information for benefits 07:16 Would less fraud help interest rates? 07:44 Question for Listeners 10:20 Amazon Alexa taking pictures 11:27 We need to find the good in technology 12:31 Opportunity of the block chain

Summary: No B.S. Money Guy Todd Strobel talks with Rick Randall about why most estate plans don't work and together they will share a unique 3 step strategy to get your estate plan working for 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 hello@partners4prosperity.com and we may answer it in an upcoming episode. Links in this Episode: National Network of Estate Planning Attorneys - https://nnepa.com Randall, Gentry & Pike - http://www.lifespanusa.com/ Submit your questions hello@partners4prosperity.com Show Notes: 00:00 Introduction 00:43 Today's topic: Why Most Estate Plans Don't Work 01:37 The 3 step strategy to get your estate plan to work for you 03:05 You have to do two things to make a plan work 03:44 The "snapshot test" 05:25 Wisdom as well as wealth 07:15 If you already have a trust make sure you already have these things in place 10:15 How to find an attorney you are comfortable with 13:44 Does an irrevocable trust mean it can't be fixed in the future? 16:05 Implementing the 3 step strategy for your estate plan

Summary: No B.S. Money Guy Todd Strobel talks with Rick Randall about estate planning for people with modest means of wealth. Together they will address the cost of doing a trust the wrong way and who needs to have a trust created. 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: Randall, Gentry & Pike - http://www.lifespanusa.com/public/default.asp Submit your questions hello@partners4prosperity.com Show Notes: 00:00 Introduction 00:38 Today's topic: Planning For People With Modest Means 01:40 How Rick came up with the Modest Means program 03:29 Why trusts are for everyone and not just the wealthy 04:14 Is it wise to purchase a trust kit online or should you meet with an attorney? 06:21 The cost of doing a trust the wrong way 09:44 Why people are putting off estate planning 15:59 Do you need an estate plan if you have less than $5 million?

Summary: No B.S. Money Guy Todd Strobel talks with Rick Randall about estate planning. Together they debunk the common myths with trusts and explain the 3 main protections that come from a trust. 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: National Network of Estate Planning Attorneys - https://nnepa.com Randall, Gentry & Pike - http://www.lifespanusa.com/public/default.asp Submit your questions hello@partners4prosperity.com Show Notes: 00:00 Introduction 00:25 Today's topic: Estate Planning with Rick Randall 01:18 Rick's background 03:01 The typical client experience with estate planning 05:25 Common myths with trusts 08:09 Different types of trusts 12:51 The 3 main protections that come from a trust 16:40 At what point do you need a trust?

Summary: Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel talk about different alternative investments, debunk some common myths and explain what should be the foundation of all 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 Introduction 00:28 Today's topic: How To Appreciate the Alternatives 01:41 How Kim and Todd started in the alternative investment arena 04:20 What most people think alternative investments are 05:30 Real estate investment trusts vs bridge loans 08:10 Should you be in life settlements or bridge loans? 09:40 Why cash value life insurance is your financial foundation 11:52 Hear Kim's story at www.partners4prosperity.com/ebook

Summary: Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel talk about the invisible workload for women and the statistical differences between men and women and how it has an affect on finances and long term wealth and health. 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 Book Live Your Life Insurance - http://liveyourlifeinsurance.com Submit your questions hello@partners4prosperity.com Show Notes: 00:00 Introduction 00:29 Today's topic: The Invisible Workload For Women 01:25 Should we look at women and finances differently than we do men? 03:20 What happens when women become long term caregivers? 05:43 Utilizing a life insurance death benefit 08:12 Children buying policies on their parents for long term care 11:20 Comparing the statistical differences between men and women 13:15 Book on life insurance http://liveyourlifeinsurance.com/ 17:24 What do you do with your free time?

Summary: Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel review a recent article from JP Morgan titled: 7 Principles for Successful Long Term Investing. Together they cover each principle to see if it is aligned with the 7 Principles of Prosperity. 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: Article on JP Morgan website Listener gift - Financial Planning Has Failed book and audiobook Submit your questions hello@partners4prosperity.com Show Notes: 00:00 Introduction 00:30 Today's topic: 7 Principles for Successful Long Term Investing 01:20 #1 Plan on living a long time 02:38 #2 Cash isn't always king 03:10 #3 Harness the power of dividends and compounding 04:37 #4 Avoid emotional biases by sticking to a plan 06:29 #5 Volatility is normal; don't let it derail you 07:58 #6 Staying invested matters 08:53 #7 Diversification works 15:37 Free ebook and audiobook - www.partners4prosperity.com/ebook

Summary: Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel talk about different problems with pensions and answer listener questions. In this episode they talk about the changing timetables with pensions and what to do to protect and build your wealth. 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: Free ebook - www.partners4prosperity.com/ebook Listener gift - Financial Planning Has Failed book and audiobook Submit your questions hello@partners4prosperity.com Show Notes: 00:00 Introduction 00:31 Today's topic: Problems with Pensions 01:19 Understanding defined contribution plans 03:55 Explaining older style defined benefits plans 04:38 The history of pensions 07:10 How underfunded pensions are affecting all of us 10:38 Pension funds changing timetables and payments 11:21 The best way to get good results with your finances is to take care of them yourself 12:50 The 3 legged stool of: Social Security, Pensions and Savings 14:58 Gift for listeners: Financial Planning Has Failed book and audiobook 16:06 Listener question #1 - Start now or later to draw from your pension? 18:56 Listener question #2 - Taking a lower amount or higher amount from a pension to protect your spouse?

Summary: Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel take on a listener question where Ben asks if one should use a policy loan to pay for a vacation and other expenses. 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: Free ebook - www.partners4prosperity.com/ebook Book recomendation - Live Your Life Insurance Submit your questions hello@partners4prosperity.com Show Notes: 00:00 Introduction 00:32 Today's topic: Listener Question 02:17 Here's what to do if you truly want to be your own bank 04:08 Why it's important to be borrowing to invest no borrowing for consumption 06:41 Using convertible term policies 09:00 The typical rate of return for dividends on an insurance company 10:30 Book recomendation: Live Your Life Insurance 11:38 Easiest way to start saving 20% of your gross 13:29 Save 10% more by looking at your taxes or creating a home based business

Summary: Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel review a case study of an accredited investor. This case study is of a 60 year old doctor with a salary of $175,000 and has CD's, savings and other investments. 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: Free ebook - www.partners4prosperity.com/ebook Submit your questions hello@partners4prosperity.com Show Notes: 00:00 Introduction 00:30 Today's topic: Accredited Investor Case Study 01:25 Cashflow issues don't go away - they just get bigger zeros 02:29 Do your expenses really go down when you retire? 03:28 Case study: 60 year old doctor with a salary of $175k 04:38 Applying the 7 Principles of Prosperity 05:44 The mantra - Go slow and start small 07:57 Getting CD's and cash to create income 11:39 What happens when interest rates go up? 14:49 Is it crazy to buy insurance when you're 60? 17:06 What to do if you can't qualify for life insurance? 18:37 Giving life insurance policies to children 19:22 What to do if you're concerned with the stock market? 21:26 The biggest fear can be inflation 22:28 How much time does a person need to invest in this process?