The Prosperity Podcast

Summary: In the last episode, our hosts, best selling author Kim Butler and No B.S. Money Guy Todd Strobel talked over how to choose a life insurance company. In this episode, they talk about how to choose a life insurance agent. They discuss what to look for in an agent, what to be wary of, how to think about commissions, and how to determine "objectivity". Tune in to learn more about your finances and find out how to take control of you money! If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us! Show Notes: 00:00 Intro 00:39 How to Choose a Life Insurance Agent 02:26 What is it that You're Really Looking For? 05:00 Putting Your Money Where Your Mouth Is 05:11 Proving What You're Talking About 06:04 Being Able to Understand Your Advisor's Philosophy 08:39 Compensation & Savings for the Client 10:16 Answering Your Questions Directly 12:22 How Important is it That Your Agent Has a Web Presence? 16:20 Additional Resources Financial Planning Has Failed

Summary: When it comes to whole life insurance, does it matter what company you buy from? The answer is both yes and no. Tune in today as best selling author Kim Butler and No BS Money Guy Todd Strobel talk about which questions are, and are not, important when it comes to whole life insurance. If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us! Show Notes: 00:00 Intro 01:01 Whole Life Insurance: Focusing on the Wrong Things 01:25 Typical Whole Life Questions 03:49 Mutual Companies versus Stock Companies 08:47 What About Ratings Assigned to Companies? 13:08 Finding a Company or Companies to Work With 17:40 Outro

Summary: Today on the Prosperity Podcast our hosts, best selling author Kim Butler and No BS Money Guy Todd Strobel sit down to talk about Fixed Indexed Annuities. They talk about the benefits and drawbacks of Fixed Indexed Annuities, how they work, and who sell them. They also discuss the importance of knowing exactly what you want out of your money and finding the right vehicle for that purpose. If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us! Show Notes: 00:00 Intro 00:39 Fixed Indexed Annuities 02:54 How Fixed Indexed Annuities Work 06:09 The Problem of Liquidity with Fixed Index Annuities 06:27 Fees Associated with Fixed Index Annuities 07:32 What Goals Do You Have for Your Money? 13:39 The Fifth Principle of Prosperity: Control 15:23 Outro

Summary: Many people respond very emotionally to the idea of a reverse mortgage. On this episode of the Prosperity Podcast, best selling author Kim Butler and No BS Money Guy Todd Strobel sit down to talk about what a reverse mortgage is and what the benefits and drawbacks are. They also discuss the benefits of combining both a reverse mortgage and life insurance to maximize benefits. Tune in to find out how you can take control of your finances and become a more educated banker and consumer. If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us! Show Notes: 00:00 Intro 00:49 Reverse Mortgages 01:24 Quicken Reverse Mortgage Department The Quicken employees are specifically trained to work with prosperity clients on reverse mortgages: Call 888-500-7210 03:57 Combining Life Insurance with a Reverse Mortgage 06:45 The Mechanics of the Reverse Mortgage 11:11 Purchasing Life Insurance for Your Family 15:25 Outro

Summary: Saving for retirement can be hard, especially as life spans get longer. In fact, a lot of people lose most or all of their assets by not properly preparing for a long term care situation. They might even plan for the right number of years, but not for the cost of their medical expenses. Today best selling author Kim Butler and No B.S. Money Buy Todd Strobel talk about several different ways we can prepare for long term care and still maintain control of our money and follow the seven principles of prosperity. If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us! Show Notes: 0:00 Intro 0:35 Asset Based Long Term Care 1:09 Long Term Care Riders in Whole Life Policies 2:21 Asset Based Long Term Care formed with An Annuity 4:13 Looking at Your Situation Wholistically 7:51 Seven Principles & Long Term Care 14:18 Outro

Summary: Today's topic is something that a lot of people might not understand completely - the multiple uses of paying life insurance premiums. Best selling author Kim Butler and No BS Money Guy Todd Strobel clarify and explain just how pay your life insurance premium works, when you can stop, what that money really does and goes toward, and the flexibility that minimum and maximum pay depositions allow. Tune in today to learn more about whole life insurance and take control of your financial future! If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us! Show Notes: 0:00 Intro 0:44 Multiple Uses of Paying Life Insuraance Premiums 1:29 When Can You Stop Paying Your Premium? 2:50 What Happens When You Pay Your Premium? 6:22 The Importance of the Annual Break Even 7:55 How Premium Builds the Death Benefit 11:45 Minimum & Maximum Pay Depositions 17:34 Peace of Mind that Comes with Whole Life Insurance 18:29 Where to Go for More Information 19:18 Outro

Summary: How are you saving your money? Do you withdrawal money from your saving account, then pay yourself back later? What if you left that money in your account and let it grow and borrowed against that instead? Most people don't figure this out until much later in life, but doing so allows you to take advantage of the value of uninterrupted compound growth. Today's episode is a little bit more technical, but very important. Tune in to find out how to take control of your finances and keep your money safe! If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us! Show Notes: 0:00 Intro 0:39 The Value of An Uninterrupted Compound Interest Curve 2:33 The Importance of Borrowing Against Your Savings 5:21 Why It Matters What You Do With the Money 9:37 Outro

Summary: What is the value of good health? Probably not something we can measure! However, the effect of certain healthy habits (and lack of unhealthy ones) can have a measurable effect on your finances! Today Kim Butler and Todd Strobel sit down to talk about the financial value of healthy living, and the best ways to incorporate healthy practices into your lifestyle, to not only feel better but increase your net worth! If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us! Show Notes: 00:00 Intro 00:45 The Value of Good Health 02:20 Sleeping and Salary Increase 09:12 Exercise and Higher Pay 12:00 Smoking's Effect on Your Finances 15:31 Managing Stress 18:11 Outro

Summary: Today's episode covers a very specific situation, however, if you have or plan on purchasing a whole life policy, this very well may be a situation that you run into. Best selling author Kim Butler and co-host Todd Strobel sit down to talk about the best way to repay debt on loans against a permanent life insurance policy. They talk about the various reasons a loan may have been made, including hard financial times - and then they discuss how to optimize the repaying of this loan. Tune in to learn more about taking control of your financial future and keeping your money safe. If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us! Show Notes: 0:00 Intro 0:34 How To Repay Debt on Loans Against a Permanent Life Insurance Policy 1:26 Investigating a Case Study 8:03 Why the Loan Must Be Paid Before Making More Than Minimum Pay Deposition 11:53 What Else Can Be Done to Reduce the Outlay on the Policy 13:34 What Strategies Can Be Used to Anticipate Problems Setting Up the Policy? 16:42 Resources Financial Planning Has Failed 17:27 Outro

Summary: Approximately seven years ago, many good, profitable businesses found themselves in a bind because their line of credit was pulled by the bank, and ultimately had to shut down. Many business owners wonder if there is a way to continue to feed their business if the worst should happen to again and their access to reliable credit is cut off. Today on the Prosperity Podcast, best selling author Kim Butler and co-host Todd Strobel reach out to those trying to grow and manage their own business to discuss the importance of being able to borrow against cash value of life insurance in instances where credit is not an option. If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us! Show Notes: 00:00 Intro 00:33 Reaching Out to the Self Employed 01:02 Keeping Our Doors Open With Cash Value of Life Insurance 04:41 How Do You Access Your Cash Value of Life Insurance? 07:21 The Problem With Seven Year Apnesia 07:59 What Do I Have To Do To Pay It Back? 13:15 What Could a Death Benefit Be Useful For in Business? 14:22 Should This Be Set Up as a Business Expenditure? 16:04 Outro