The Prosperity Podcast

Summary: Join us on the seventy-seventh episode of the prosperity podcast as best selling author Kim Butler and co-host Todd Strobel investigate fifteen year versus thirty year mortgages. Conventional wisdom seems to be based off of bank's best interest and marketing tactics, so the Prosperity Podcast breaks down the best ways to analyze different mortgages so that you can make the financial decision that's right for you. For more information on different types of mortgages, take a look at Kim Butler's book Busting the Financial Planning Lies or drop by truthconcepts.com for their visual breakdown of the differences. If you're looking to calculate the differences for yourself, try their free ten day download of this financial calculator. 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] A Fifteen Year Versus a Thirty Year Mortgage [01:34] What Does "Conventional Wisdom" Say? [02:31] Consistent Time Frames & Consistent Cash Flows [05:19] How to Calculate This On Your Own [07:36] Consistent Interest Rates [08:29] The Third Alternative: Cash [11:03] Peace of Mind Versus Financial Discussions [13:07] The Importance of Having Cash Vs. Having Equity [16:18] Outro

Summary: Join Kim Butler and Todd Strobel today as they discuss negative interest rates. Learn about what they are, what their purpose is, and how that should affect your investment strategy. Also find out whether, ultimately, negative interest rate are a positive or negative thing for our economic well being. 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 00:47 Today's Topic: Negative Interest Rates 01:04 Are We Experiencing Negative Interest Rates? 02:31 Are Negative Interest Rates Good or Bad? 08:25 An Inflationary Environment vs. A Deflationary Environment 11:55 The Importance of Free Market Inflation and Deflation 14:26 Understanding the Positive Aspects of Technology Peter Diamandis Positive Aspects of Technology Blog 15:32 Summary of Ideas 16:23 Outro

Summary: Welcome to the seventy-fifth episode of the prosperity podcast! Join our host Todd Strobel and bestselling author Kim Butler as they discuss the important difference between faux prosperity and real prosperity. Learn why annuities and universal life are more accurately labeled as faux prosperity products and how to become more aware of financial products that don't deliver on their promise. And of course, don't hesitate to reach out to us at welcome@partners4prosperity.com, with all your questions, comments, and concerns. We'd love to hear from you! Shownotes: 0:00 Intro 0:35 The Difference Between 4-Prosperity and Faux-Prosperity 1:42 Faux Financial Products: Universal Life 4:35 Annuities as a Faux Financial Product 6:42 The Importance of The First Principle of Prosperity: Think 7:36 Paying Attention to What We Read 9:05 Ignoring Marketing Messages: Don't Believe You're Not Enough 10:24 Always Look for the Whole Truth: Busting Interest Rate Lies 13:30 Outro

Summary: The worst day to invest your money is tomorrow! This episode of the prosperity podcast centers around the importance of educating ourselves and investing our money today, and not tomorrow. Join best selling financial author Kim Butler and host Todd Strobel as they discuss the importance of acting now and the cost of indecision. 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 00:43 The Worst Possible Day to Invest: Tomorrow 03:54 Why You Shouldn't Wait for More Money 05:40 If You Already Have the Money, Why You Need to Invest 07:13 The Importance of Against the Grain Education 09:53 The Definition of an Investment for Partners for Prosperity 10:51 The Problem With The "More Risk, More Reward" Premise 12:50 How to Keep Learning 13:28 Outro

Summary: Welcome to this episode of the prosperity podcast! Join our host Todd Strobel and bestselling author Kim Butler as they talk about the importance of having for-profit entities competing in a non-profit space. Listen as they discuss some of the advantages of for-profit businesses, like sustainability and scalability. Also, feel free to check out some the products mentioned in the podcast - interesting ideas happening in the for-profit world that solve non-profit problems like this little vacuum that might help companies more efficiently separate their waste for recycling, and this fitness device, that helps people - including some high profile athletes stay fit. Ultimately, the important idea is not that non-profits don't deserve support, but the importance of developing creative and functional ideas in the for-profit world that provide services that people desperately need and solve problems affecting people's everyday lives and our future. Thanks for tuning in, and keep sending in all the good questions and feedback! We'd love to answer your questions in one of our upcoming shows, and we appreciate your support. Show Notes: 00:00 Intro 00:56 Non-Profits Make Non-sense 03:03 Examples of For-Profits Competing in Non Profit Space Hizero 06:11 The Problem of Non Profit Sustainability & Scalability 09:07 Providing a Service that Helps People HNB Connection 12:01 Make A Profit While Creating a Better World 12:29 Zappos & Principled Business 15:07 Sustainable Environments 16:48 Outro

Summary: Budgeting is almost ubiquitous financial advice - but is it effective? Join bestseller author Kim Butler and Todd Strobel as they discuss how budgets can be counter productive. Learn about the benefits of paying yourself first, or saving money, instead of trying to budget out your expenses. And keep sending in all the good questions and feedback! We'd love to answer your questions in one of our upcoming shows, and we appreciate your support. Show Notes: 0:00 Intro 0:41 Budgeting: Stop it! 1:12 What's wrong with Budgeting? 3:29 What to do instead: Pay Yourself First 5:52 Paying off Debt Without Budgeting 6:54 The Benefits of an Opportunity Fund 8:37 Calculating Your Run Rate 9:40 The Importance of Confidence 11:52 Addressing Retirees About Budgeting and Income 13:49 Business that Solve Problems 15:10 Outro

Summary: Should you rebalance your portfolio? This episode of the prosperity podcast discusses this common piece of financial advice. Is rebalancing your portfolio basically selling assets that work to buy assets that aren't working? Is it important to buy bonds in order to have a balanced portfolio? Tune in to figure out the answers to these questions and more. Also, please keep sending in all the good questions and feedback! We'd love to answer your questions in one of our upcoming shows, and we appreciate your support. Show Notes: 0:00 Intro 0:39 Rebalancing Your Portfolio: What Does it Mean? 3:19 What Assets Should You Buy? 5:32 The Trouble With A Balanced Portfolio & Loosing Principle 7:01 Pros and Cons of Bonds 11:39 Income After Retirement: Why Bonds Aren't the Best Option 12:27 The Advisor Side of Rebalancing and Diversifying 13:50 Principle of Prosperity: Seeing the Big Picture 15:02 Our Goal 15:44 Resources: Feel free to email us with all your questions Check out our blog for free articles and more podcast episodes And finally, check out this truth concepts video about diversification (85 minute free educational video) 17:08 Outro

Summary: Welcome to a very special episode of the Prosperity Podcast! On this episode, instead of our usual co-host Kim Butler, we are interviewing her son, Robby Butler, a nineteen year old finance major, to get a feel for how the upcoming generation is thinking about finance, the role of government, non profits, and more. Keep sending in all the good questions and feedback! We'd love to answer your questions in one of our upcoming shows, and we appreciate your support. Show Notes: 0:00 Intro 0:43 The Next Generation of Finance 0:29 Introducing Our Guest, Robby Butler 2:58 How Does Our Current Education System Prepare the Next Generation to Handle Money? 4:16 Going to College & Automatic Debt 5:48 The Role of Government in Our Everyday Financial Lives: Are They Doing What They Should? 7:17 How Do You Feel About The Role of Nonprofit Versus For-Profits 10:45 What Does The Future Look Like For You? 13:20 What Would You Say to Parents About Finance? 14:33 Outro

Summary: Welcome to the 68th episode of the Prosperity Podcast! Join Kim Butler and Todd Strobel as they discuss the timely issue of habits, resolutions, and the dangers of following the crowd. Learn about the best places to save your money and the way that habits shape our lives. And, please! Keep sending in all the good questions and feedback! We'd love to answer your questions in one of our upcoming shows, and we appreciate your support. Show Notes: 0:00 Intro 0:39 Habits, Resolutions, and Following the Crowd 1:57 The Dangers of Under Preparing 3:06 The Importance of Habits 7:02 Saving: Disciplining Yourself to Have a Positive Cash Flow 9:06 The Difference in Where You Save 12:26 Not Following the Crowd: Just Start Thinking 14:04 Outro

Summary: In this episode of the Prosperity Podcast, Todd Strobel and Kim Butler address a big issue for the upcoming generation and their parents: paying for a college education. So often today a college education is the expected and automatic next step after high school, and the costs can be very high. Join them as they discuss how to help your children succeed and how to help yourself to remain financially stable while supporting them. For more insight and ideas concerning education, specifically college education, we'd like to recommend The Education of Millionaires: Everything You Don't Learn in College About How to Be Successful, a book by Michael Ellsberg about where we learn some of the critical skills for success. (Hint: It's not in college). Also, please keep sending us all the good questions and feedback. We'd love to answer your questions in one of our upcoming shows and we appreciate your support! Show Notes: 0:00 Intro 0:44 The Cost of An Education: Student Loan Debt and More 1:54 The Expectations of College 3:30 The Average Cost of Coll ege (Including Opportunity Cost) 6:49 Interesting Solutions to the Cost of College 7:44 The Time Opportunity Cost of College 10:47 How to Help Kids Who Are Searching The KOLBE Profile 11:43 How Much Should I Help My Child With College Tuition? 12:50 What About Prepaid College Funds? An Issue of Control 14:42 Look Forward to Audio Book of Live Your Life Insurance 15:19 Outro