The Prosperity Podcast

Summary: Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel take another listener question and create a case study of a 25 year old. They discuss the two most important financial strategies for people early on in their careers. 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 The Surprising Business Financing Secret of Top Entrepreneurs blog post Submit your questions hello@partners4prosperity.com Show Notes: 00:00 Introduction 00:30 Today's topic: 25 Year Old College Graduate Case Study 01:33 Saving money is the first thing to do 02:42 The best way to get in the habit of paying yourself first 04:27 Advantages of starting early with your savings and policies 05:19 Strategies for rolling over your 401k into a self directed IRA 08:13 The two most important financial strategies for a 25 year old 09:43 Growing wealth through life insurance 10:59 Grab the Prosperity Accelerator Pack at www.partners4prosperity.com/ebook

Summary: Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel cover a listener question of what to do when you have a million dollars. They give several case studies on how to protect the money and what to do with it to make it grow. 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 email subject line: Million Dollar Podcast Show Notes: 00:00 Introduction 00:38 Today's topic: 1 Million Dollar Question 02:41 Listener question of what to do with your first million 03:25 What does it mean to be a millionaire? 05:55 How much debt you should pay off if you had $1M 07:03 After inefficient debt is paid off there is something more important to do before you invest 08:43 How to protect yourself by buying your own disability coverage 10:01 Taking advantage of your insurance policy while still alive 10:50 Create extra cashflow and save it to protect yourself from emergencies 11:59 Does it make sense to put money in an annuity? 14:17 The argument of net worth vs cash flow 16:01 Putting money into life settlements 17:09 If you want more information on how to use cash flow from life insurance, bridge loans or life settlements email hello@partners4prosperity.com with the subject line: Million Dollar Podcast 18:21 Case study for a 59 ½ year old 19:45 Inflation is one of the biggest detriments for retirees. Kim explains how to beat inflation.

Summary: Kim Butler and No B.S. Money Guy Todd Strobel talk about how to separate information from wisdom and the critical step of taking action and avoiding analysis paralysis. 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 Show Notes: 00:00 Introduction 00:32 Today's topic: Real, Raw and Relevant 01:05 A lot of people are sitting on the fence with estate planning and investments 01:24 It's so important that we take action and avoid analysis paralysis 04:03 How to separate information from wisdom 06:08 Special gift for podcast listeners Financial Planning has FAILED ebook 07:53 The 3 components in the alternative investment space 09:35 Let's start feeding our brains with mental nutrition 14:02 There's a much better use of time than worrying about what will happen in the marketplace 16:21 The Partners 4 Prosperity structure requires us to put the client's best interest first

Summary: Your hosts Kim Butler and No B.S. Money Guy Todd Strobel talk about a Money Magazine article that addresses saving, investing, and career moves that applies to couples of all ages. Together they talk about 401k's, paying off mortgages, and creating independence for children. 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.

Your host No B.S. Money Guy Todd Strobel talks with Jimmy Vreeland from Joint Ops Properties. Together they discuss lease option real estate investments and what is currently happening in the investment real estate market. 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.

Summary: Listen to your hosts Kim Butler and No B.S. Money Guy Todd Strobel talk about the downside of financial planning and how to create a better financial future by following 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: Get the free ebook and audiobook - Financial Planning has FAILED Submit your questions hello@partners4prosperity.com Show Notes: 00:00 Introduction 00:30 Today's topic: Why We Don't Do Financial Planning 01:06 What do you do instead of financial planning? 02:25 A business plan should be no longer than 3-5 years, yet we're still trying to plan our lives financially in 30-40 year increments. 03:25 Why Todd doesn't do financial planning 05:45 Averages do not equal actual dollars. Don't believe in the assumptions. 07:12 Principles are more effective than planning 07:51 Looking at the 7 Principles of Prosperity 08:27 When you get serious about handling your finances is when you want to start your savings program 10:22 The history of financial planning in this ebook www.partners4prosperity.com/ebook

Summary: In this episode your hosts Kim Butler and No B.S. Money Guy Todd Strobel talk about getting all the profits from a mutual life insurance company and the differences between a mutual life insurance company and a traditional stock company. 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 Show Notes: 00:00 Introduction 00:30 Today's topic: How Can There Be More Than All? 00:44 Getting all of the profits from a company you are working with 02:20 Todd explains how you get all the profits from a mutual life insurance company 03:44 The difference between a mutual life insurance company and a bank 04:22 Dividends are paid to policyholders 06:32 Why life insurance companies continuously pay dividends even when other institutions fail 09:11 How long can life insurance companies stay in business under their current model? 10:34 As a business owner do you want to be involved in something for the short run or long run? 11:42 Comparing a dividend payment from a mutual life insurance company from a regular stock company 14:34 Index policies have caps and expenses and they're not something for nothing

Summary: Business owners are constantly thinking of how to grow their business and that is often tied to raising capital. Today, Kim Butler and No B.S. Money Guy Todd Strobel share different strategies on how to use whole life insurance to grow a business. talks with guest Sam Denton from Denton Wealth Strategies. Together they approach the topic of student loan debt with a focus on the best ways to help medical professionals tackle their student loan debt. 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 Show Notes: 00:00 Introduction 00:29 Today's topic: How To Use Whole Life In Your Business 01:00 Walt Disney and Ray Kroc both used life insurance in their businesses 03:04 Real Estate and construction companies using whole life to grow their business 05:04 How borrowing against the life insurance doesn't impact the growth 06:29 How to get business loans even when you don't have a tradional credit line 07:57 The effectiveness of the cash value continuing to grow when borrowing against it 09:09 Direct recognition vs non direct recognition and what it means 11:06 Within the next 7 years will there be an opportunity to grow or save your business with an injection of cash? 12:31 Kim's opinion on buying life insurance policies on employees 13:55 Setting up a 401k company match vs insurance policies

Summary: In this special episode No B.S. Money Guy Todd Strobel talks with guest Sam Denton from Denton Wealth Strategies. Together they approach the topic of student loan debt with a focus on the best ways to help medical professionals tackle their student loan debt. 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 www.dentonwealthstrategies.com/debtreduction www.studentdebtloanhero.com Show Notes: 00:00 Introduction 00:24 Special guest interview with Sam Denton of Denton Wealth Strategies 03:16 Over 43 million people have student loan debt with many doctors over $180k 05:11 The first step is to start saving and be in control of your money 07:04 Offensive and Defensive approach to student debt 09:19 Understanding the difference between inflationary vs non inflationary 11:22 How the student loan bubble will impact our economy 12:39 Why Doctors can benefit the most from approaching student loan debt correctly 14:51 Visit www.studentdebtloanhero.com and www.dentonwealthstrategies.com/debtreduction

Your hosts Kim Butler and No B.S. Money Guy Todd Strobel talk about different strategies and benefits to having savings. Kim shares her family savings plan and together they discuss how to create the discipline of savings. 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.