The Prosperity Podcast

Summary: Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel cover a case study from a listener that we'll call CY. Kim and Todd talk about different options and strategies for a 40 year old female that is a medical professional who owns her own 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: Free ebook - www.partners4prosperity.com/ebook Submit your questions hello@partners4prosperity.com Show Notes: 00:00 Introduction 00:29 Today's topic: Crisis of Conscience 01:18 Todd explaining CY's background and finances 06:35 Kim tackling each line item 08:37 Gross vs net returns 12:11 Converting life insurance policies 13:01 It's more important to receive consistent positive returns over time than it is to be tied to an index 14:24 What is real financial freedom? 19:25 How easy is it to get access to your equity in your rental properties?

Summary: Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel talk about Part 4 of the case study featuring a couple earning $45,000 each a year. This episode specially talks about car buying and strategies to save money on the purchase and loan. 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's book - Busting the Retirement Lies Submit your questions hello@partners4prosperity.com Truth Concepts Calculator www.truthconcepts.com Show Notes: 00:00 Introduction 00:30 Today's topic: Case Study - Part 6: Couple Earning $45k Each a Year 01:31 In this case study the couple is almost 30 and got $5k annual raises put into their 401k's 02:40 Kim explaining the true numbers behind the 401k match vs max 06:23 The real reason why employers offer a 401k plan 07:24 How to increase the rate on your qualified plan without changing any of the investments 10:16 The true risk of a 401k vs a life insurance plan 11:01 The only product that has a guaranteed cash value dollar figure 12:02 Getting access to cash value life insurance 14:00 PUtting focus on boring but effective strategies 15:24 Free audiobook and ebook Financial Planning Has Failed

Summary: Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel talk about a recent interview Kim participated in called: Crisis of Conscience. They talk about how there are many misunderstanding and things that are incorrect in the financial services industry. 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 Truth concepts calculator - www.truthconcepts.com Show Notes: 00:00 Introduction 00:30 Today's topic: Crisis of Conscience 02:03 The missing parts behind the securities industry 03:15 Why Kim pulled all of her money out of the stock market 05:31 Getting full disclosure of all fees 06:18 With such low interest rates it's heartbreaking for people to save and only see the money they've put in 06:53 The advantages of using alternative investments that provide specific cash flow and dedicated growth 07:55 There's a concrete a specific path towards prosperity 09:18 Spending time at the philosophy level and changing limiting beliefs 09:53 Free ebook www.partners4prosperity.com/ebook

Summary: Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel talk about Part 5 of the case study featuring a couple earning $45,000 each a year. This episode Kim and Todd talk about the couple going through the homebuying process. 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's book - Busting the Interest Rate Lies Submit your questions hello@partners4prosperity.com Truth concepts calculator - www.truthconcepts.com Show Notes: 00:00 Introduction 00:29 Today's topic: Case Study - Part 5: Couple Earning $45k Each a Year 02:03 Using the cash value life insurance to avoid the private mortgage insurance 03:07 15 year vs 30 year mortgage 05:32 How do you think and feel if you don't have any savings? 06:07 Where you would want to put your extra money 07:10 Understanding the time value of money 07:54 You can't eat equity, Why prepaying your mortgage isn't always the best option. 08:25 Sometimes it's better to take a 15 year with higher payments 10:10 Why you want to have control over the equity 11:03 The correct way to measure the 15 year vs 30 year mortgage 12:49 Video explanation of Busting the Interest Rate Lies by emailing hello@partners4prosperity.com

Summary: Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel talk about Part 4 of the case study featuring a couple earning $45,000 each a year. This episode specially talks about car buying and strategies to save money on the purchase and loan. 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's book - Busting the Retirement Lies Submit your questions hello@partners4prosperity.com Show Notes: 00:00 Introduction 00:30 Today's topic: Case Study - Part 4: Couple Earning $45k Each a Year 02:17 Starting off with the 7 Principles of Prosperity 03:04 Thinking from a prosperous mindset 04:06 Todd says to "assume nothing" 05:09 See the big picture 07:37 Identifying opportunity costs 10:00 Cashflow: In and Out 12:23 You maintaining control over your own money 13:34 Moving money through assets 14:04 Getting a multiplier effect 19:22 Get a video explanation by emailing hello@partners4prosperity.com 21:09 Book - Busting the Retirement Lies

Summary: Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel talk about a recent article and quiz from AARP magazine. Todd asks Kim the quiz questions to see if she is a spendthrift or a skinflint. 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's book and audiobook - Financial Planning has FAILED AARP article Do You Have Cheap Genes Submit your questions hello@partners4prosperity.com Show Notes: 00:00 Introduction 00:30 Today's topic: AARP Quiz - Are You a Spendthrift or a Skinflint? 02:05 Todd asking Kim the quiz questions 07:20 Results to Kim's quiz questions 08:04 Having a saving account gives you freedom to spend money on the things that are important to you 10:42 Freedom allows you to make decisions based on what you want not what you can and cannot afford 13:18 Finances are the #1 stress in individual lives and the media is the #1 incorrect source of incorrect information about finances 14:14 People deserve to have the whole truth about their financial decisions and that lessens stress

Summary: Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel share tips about organizing 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: Kim's book and audiobook - Financial Planning has FAILED Submit your questions hello@partners4prosperity.com Show Notes: 00:00 Introduction 00:30 Today's topic: Organization Your Finances 01:12 Preparing before you take action 03:29 Why it's important to take time to get organized with your finances 04:33 Managing the emergency and opportunity money 05:04 Many people are unorganized with their IRA's and 401k's 07:15 What Kim does to get prepared for her taxes 09:53 Is a tax refund a good thing? 12:52 A financial advisors role in many cases is to make the dollars you already have more efficient without sacrificing lifestyle 14:14 Kim's gift of an ebook and audiobook - Financial Planning has FAILED

Summary: Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel talk about Part 3 of the case study featuring a couple earning $45,000 each a year. This episode specially talks about car buying and strategies to save money on the purchase and loan. 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's book Busting the Interest Rate Lies Submit your questions hello@partners4prosperity.com Truth Concepts Calculators - http://truthconcepts.com Show Notes: 00:00 Introduction 00:28 Today's topic: Case Study - Part 3: Couple Earning $45k Each a Year 01:20 Making the decision to buy a $35,000 car with 0% financing 02:39 The price of a car has added costs that most consumers don't realize 05:32 For the best rate and price get letter from a credit union or local bank 06:22 The golden question is: What is the price if I pay all cash? 08:56 How buying a 1-2 year old vehicle saves a lot on your costs 09:43 Car ownership will be completely changed by 2025 in urban areas 12:28 Listener question: Using a home equity line of credit to purchase a car 13:43 Kim's book Busting the Interest Rate Lies

Summary: Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel talk about transitioning from a WE Economy to a ME economy and how we can apply this knowledge to our current 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 hello@partners4prosperity.com and we may answer it in an upcoming episode. Links in this Episode: Get the free ebook and audiobook - Financial Planning has FAILED Submit your questions hello@partners4prosperity.com Truth Concepts Calculators - http://truthconcepts.com Show Notes: 00:00 Introduction 00:28 Today's' topic: Transitioning from a WE Economy to a ME Economy 03:23 Why it's a good thing to be self interested and take responsibility 05:18 Our primary asset is our ability to take care of ourselves and earn an income 07:03 The people that are getting good results have a good ME economy and WE economy 09:08 You need to achieve balance between the two 10:47 Tips for millennial to have less stress and more success 14:14 Gift for listeners - Financial Planning has FAILED

Summary: Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel go through Part 2 of a case study involving a married couple where each is making $45,000 and the wife has a whole life insurance policy from her parents. 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: Get the free ebook and audiobook - Financial Planning has FAILED Submit your questions hello@partners4prosperity.com Truth Concepts Calculators - http://truthconcepts.com Show Notes: 00:00 Introduction 00:28 Today's' topic: Case Study - Part 2: Couple Earning $45k Each a Year with a Life Insurance Policy 01:34 Talking about the borrowing strategies calculator and how it affects growth 02:40 Borrowing against the cash value life insurance 03:51 The maximum potential calculator 05:50 Buying term insurance 09:19 Getting a liability umbrella 11:32 Strategy for savings 13:10 Instead of Maxing out your 401k you should Match it out