The Prosperity Podcast

Summary: Welcome to the 87th episode of the Prosperity Podcast! Today, best selling author Kim Butler and host Todd Strobel sit down to talk about their favorite financial books. They take care to differentiate between well written financial books and well informed financial books. Finally, Kim Butler talks about her own books that she has published, how they were written, and her soon to be published book Busting the Life Insurance Lies. Thank you for listening to the Prosperity Podcast! As always, don't hesitate to reach out to us at welcome@partners4prosperity.com, with any and all of your questions, comments, and concerns. We'd love to hear from you! Show notes: 00:00 Intro 00:53 The Best Financial Books (to Kim Butler) Atlas Shrugged by Ayn Rand 05:28 The Mystery of Capital: Why Capitalism Triumphs in the West & Fails Everywhere Else by Hernando De Soto 07:02 Pirates of Manhattan by Barry Dyke 11:51 Busting the Retirement Lies by Kim Butler 12:37 Financial Planning Has Failed by Kim Butler 12:59 The Prosperity Paradigm by Steve D'annuncio 14:28 Outro

Summary: Welcome to the 86th episode of the Prosperity Podcast! Today, host Todd Strobel and best-selling author Kim Butler sit down to discuss the relationship between life insurance and savings. They answer the question of the one of the listeners "Do premiums paid to whole life insurance count as savings?". They also discuss the same question for term life insurance. Finally, they explain insurance dividends in terms that everyone can understand. If you have any questions or comments, please reach out to us! We'll be happy to do a podcast asking your questions and will get back to you on any comments or feedback you might have for us! Show Notes: 00:00 Intro 00:37 The Facts of Life 02:02 Do I Count My Whole Life Insurance Premiums as "Savings"? 05:25 Does Term Insurance Also Count as Savings? 07:07 Understanding Dividends 12:25 The Advantages and Stability of Whole Life Insurance Financial Planning has Failed free audio & ebook by Kim Butler

Summary Tune in to the eighty-fifth episode of the Prosperity Podcast! Today, our host Todd Strobel and best-selling author Kim Strobel talk about "unbelievable thinking" and the difference between Prosperity Thinkers and Poverty Thinkers. They explain how poverty thinkers reduce involvement, whereas prosperity thinkers work on self improvement - poverty thinkers stop dreaming, and prosperity thinkers set attainable goals. We hope this episode can help you improve your personal thinking so that you can enjoy more prosperity in your life! 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 00:24 Unbelievable Thinking 02:03 Poverty Thinkers versus Prosperity Thinking 06:27 Setting Attainable Goals 09:05 Financial Problems with Poverty Based Thinking 11:31 Seeking out Opportunity Especially in Crisis 12:46 Holding Back Constantly vs. Moving Forward in Some Form 14:28 Poverty Thinkers and Complaining versus Gratitude 16:57 Seeks Outside Approval vs. Building Internal Confidence 21:35 Outro

Summary: Welcome to the 84th episode of the Prosperity Podcast! Today, host Todd Strobel and best-selling author Kim Butler sit down to discuss the power of systems. Systems allow us to let our money work for us (to leverage our money) and to create cash flow, one of the main principles of prosperity. Taking advantage of systems doesn't require us to work harder to make more money, just smarter. One of the biggest components of utilizing systems is creating habits that work towards our financial prosperity, not against it. If you have any questions or comments, please reach out to us! We'll be happy to do a podcast asking your questions and will get back to you on any comments or feedback you might have for us! Show Notes: 00:00 Intro 00:19 The Power of Systems 01:41 Building Linear Income & Having Your Money Work for You 03:02 Systems in the Real Estate Environment 06:14 Pitfalls of Systems & Problems with IRA Real Estate 08:14 How You Can Get One Dollar to Do Lots of Jobs in Real Estate 10:07 How to Get One Dollar to Do Lots of Job with Life Insurance 14:59 Good Debt Vs. Bad Debt The Millionaire Next Door 17:00 Combining Life Insurance Leverage and Real Estate 19:12 The Importance of Doing Your Homework 21:09 Outro

Summary: Join Kim Butler and Todd Strobel today as they discuss financial triage. Learn what three steps occur in a triage, and what personal financial triage means to you. Also, find out what to do if you are experiencing financial triage to take back control of your money and regain your lost opportunity cost. Most importantly, listen as Kim and Todd discuss addressing systemic finance errors, i.e., habits, like not saving consistently or investing with too much risk. Thank you for listening to the Prosperity Podcast and, as always, don't hesitate to reach out to us at welcome@partners4prosperity.com, with any and all of your questions, comments, and concerns. We'd love to hear from you! Show notes: 00:00 Intro 00:15 Financial Triage 01:12 What Three Steps Occur in a Triage? 02:19 What is Financial Triage? 06:02 A Simple Example of Financial Triage 07:24 Financial Triage Around Insurance 08:16 What To Do If You're Experiencing Financial Triage 10:20 How To Make Today's Finances the Most Efficient That You Can 10:42 How the Media Affects Financial Triage 11:25 Addressing Systemic Finance Errors: Habits 11:55 Not Saving Consistently 12:58 Investing with too Much Risk 14:48 What Are the Most Important Financial Systems? 15:46 Contact Info 16:37 Savings Does Not Mean Sacrifice 16:58 Outro

Summary: Welcome to the eighty first episode of the Prosperity Podcast! Join best-selling author Kim Butler and host Todd Strobel as the talk about the concepts of double line investing and triple wins in finance. The best investments are investments where both the buyer (or the investor) and the seller (or the borrower) have opportunities to grow and make more money. This is called a double line investment. The coiner of this term, Peter Diamandis, just published a new book Bold: How to Go Big, Create Wealth, and Impact the World, where he elaborates on this concept. Kim Butler and Todd Strobel also explain what a triple win investment is, a very similar concept, except in this case, it's important that both the buyer, the seller, and the community as a whole (which could be a global community!) win too. 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 [00:34] Double Line Investing & The Triple Win [03:07] Examples of Investments That Benefit Everyone [07:07] More About the Double Bottom Line [10:27] Passion & Investments [12:38] Outro

Summary: What is the difference between typical finance and traditional finance? Join Kim Butler and Todd Strobel on this episode of The Prosperity Podcast to find out. Learn about how the stock market, and the risk involved in stock market investments, has changed over time and how that affects the most stable retirement and savings strategies today. Also, learn about the how different financial strategies are like either farming or hunting - either long term or short term - and either risk saturated, or risk avoidant. If you have any questions or comments, please reach out to us! We'll be happy to do a podcast answering your questions and will get back to you on any comments or feedback you might have! Show Notes: 0:00 Intro 0:55 Ways to Compare Partners for Prosperity to the Mainstream 1:22 Traditional Versus Typical Finances 6:06 How the Stock Market Has Changed 10:55 The Difference Between Farming and Hunting (as an analogy for finance) 12:29 Farming Work as Long Term Work 16:06 Resources - Live Your Life Insurance 17:07 Outro

Summary: Welcome to the 80th episode of the Prosperity podcast! Join bestselling author Kim Butler and no bs money guy Todd Strobel today as they discuss the millennial mindset and it's implications for our future. Are millennials really ruining the future, or is there room to hope? How should their preferences influence our investment decisions today? And maybe most importantly, what is valuable about their mentality? 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 00:32 The Millennial Mindset 01:37 Spending Money on Experiences 04:04 Technology and Millennials Peter Diamandis "Abundance is our future." 06:56 Experience Oriented Products 07:57 Solving the Challenges of Today with Future Technology 09:55 How To Prepare to Transition into an Experiential Economy 11:29 The Six D's of Technology 13:37 Outro

Summary: What type of mindset do you have? On this episode of the Prosperity Podcast, join Kim Butler and Todd Strobel as they talk about the important difference between a growth mindset and a fixed mindset. Find out how a growth mindset can help you make more money and become more prosperous, while a fixed mindset will cause you to plateau. For more information on fixed and growth mindsets, check out our favorite new book by Carol Dweck, Mindset: The New Psychology of Success. If you have any questions or comments, please reach out to us! We'll be happy to do a podcast asking your questions and will get back to you on any comments or feedback you might have for us! Show Notes: 00:00 Intro 00:43 Mindset: The New Psychology of Success by Carol Dweck 02:09 The Importance of the Growth Mindset 02:53 Tony Gonzalez & Mental Strength 04:37 Growth Mindset vs. Fixed Mindset 06:43 How This Applies to Finances 11:33 Dealing with Criticism 11:40Alternative Investments 13:26 Learning From the Success of Others 16:00 Outro

Summary: What's the difference between good and bad debt? When do you want to prepay a loan? Should your investment strategy be the same for an investment property and a property you live at (your home)? What is a good interest rate? When should you take out loans? Let best-selling author Kim Butler and co-host Todd Strobel walk you through the answers to these questions and more on this episode of the Prosperity Podcast. If you have any questions or comments, please reach out to us! We'll be happy to do a podcast asking your questions and will get back to you on any comments or feedback you might have for us! Show Notes: 0:00 Intro 0:40 The Idea of Good Debt Versus Bad Debt 1:03 When to Prepay? 3:56 Is My Strategy the Same for an Investment Property and My Home? 8:50 Pay Attention to Your Interest Rates 9:52 Paying for Your Children's Education Versus Using a Student Loan 12:11 Other Debt Factors to Consider 14:12 Outro