This episode of the Prosperity Podcast discusses the concept of retirement, challenges the connotation associated with it, and explores alternatives for a fulfilling post-work life phase which they struggle to find a suitable term for. The hosts explore the phenomenon of retirees spending their time idly, attributing it to financial frugality or unwillingness to invest in hobbies. Kim and Spencer further discuss the fear of outliving one's savings and suggest purchasing a Single Premium Immediate Annuity, which offers guaranteed lifetime income to relieve such concerns. Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity. Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Thinkers thinking and strategies today! Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.   Links and Resources from this Episode  For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/ https://gravystack.com/prosperity      Show Notes The need for a new term to replace "retirement" The concept of "go-go years", "slow-go years", and "no-go years" Retirement attitudes and financial limitations Navigating the fear of outliving money during retirement Dan Sullivan's time management system for fulfilling life in retirement The practical idea of utilizing a hobby in the service of the community   Special Listener Gift Free eBook: Activating Your Prosperity Guide. Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!   Review and Subscribe If you like what you hear please leave a review  by clicking here Subscribe on your favorite podcast player to get the latest episodes.   iTunes Stitcher RSS 

Savor the Golden Years with These Two Frameworks - Episode 523

Take control of your money. Join Kim D. H. Butler, best-selling financial author, and Spencer Shaw, as they use their prosperity mindset to utilize wealth-building tactics. Learn about the 7 Principles of Prosperity and how to make your money work as hard as you do.

The Prosperity Podcast is the personal finance show for independent thinkers, investors, and business owners, who want off of Wall Street and out of the big banks. We teach listeners how to take control of their money and start living the life they choose NOW rather than waiting for retirement at some future date. There are 7 principles that when followed, lead to increased wealth and prosperity. We share the 7 principles and show you how they can help to create lasting results in your life. 
 
Learn how you can use tools such as life insurance, entrepreneurship, and out-of-the-box thinking to build true, sustainable wealth. For more information and to get in touch, visit https://prosperitythinkers.com

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Embrace financial wisdom with Kim Butler, a Robert Kiyosaki-recommended guru! With a passion for truth in finance, Kim busts budgeting myths in her new book, "Busting the Budgeting Lies." Discover how to align money with life, not math, and transform your cash flow confidence. Tune in to stop the guilt treadmill and start saving smarter.  Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, that as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.  Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Thinkers' thinking and strategies today!  Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com  and we may answer it in an upcoming episode.   Links and Resources from this Episode  For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/ https://gravystack.com/prosperity https://prosperitythinkers.com/action/  Show Notes  Kim Butler's introduction and endorsement by financial figures. The concept of "Busting the Budgeting Lies" and its relevance to personal finance. Challenging the effectiveness of budgets in real life. The myth that saving first doesn't work in today's world debunked. Personal story on saving first through life insurance premiums. Introduction to the "Currence" app for cash flow management. How "Currence" helps to measure financial progress backwards. The potential impact of properly managed cash flow over a lifetime. Utilizing technology to control and enhance personal finance. Final advice for business owners to balance personal finances with business success.  Special Listener Gift Free eBook: Activating Your Prosperity Guide. Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!  Review and Subscribe If you like what you hear please leave a review  by clicking here Subscribe on your favorite podcast player to get the latest episodes.   iTunes RSS 

Busting Money Myths and Bridging the Gap with “Measure-Back” Savings Behavior - Bonus Episode 565

Unveil the millionaires' playbook! In this episode of the Prosperity Podcast, expert Kim delves into 9+ strategies on how wealthy families build and shield their wealth—and their kids' future. From tax-savvy trusts to the controversial 529 plans, discover actionable methods to enhance financial literacy and capability in your household. Bonus: Kim reveals a "silver bullet" often missed by many! Perfect for parents & future planners. Tune in now!  Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, that as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.  Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Thinkers' thinking and strategies today!  Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.   Links and Resources from this Episode  For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/ https://gravystack.com/prosperity https://prosperitythinkers.com/action/ https://twitter.com/FluentInFinance/status/1782561174472507667    Show Notes  Tax strategy: Follow or not follow the tax code? Trusts for wealth protection and tax benefits. The pitfalls of irrevocable trusts. Custodial Roth IRAs and their limitations. Taxable brokerage accounts and gift tax exemptions. Why to avoid 529 plans. Hiring kids legally for tax benefits and life skills. The need for a business for tax advantages. Financial literacy vs. financial capability for kids. The truth about compound interest and taxes. Addressing misconceptions about investing in the S&P; 500 for children's wealth. The crucial role of whole life insurance in wealth growth and protection.   Special Listener Gift Free eBook: Activating Your Prosperity Guide. Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!  Review and Subscribe If you like what you hear please leave a review  by clicking here Subscribe on your favorite podcast player to get the latest episodes.   iTunes RSS 

Wealth Tips: Making Kids Rich - Episode 565

This episode focuses on the concept of carefully investing in one's financial foundation by creating an emergency and opportunity fund, ideally stored in the life insurance industry for life-long accessibility. This fund should be liquid, tax-free, earning a competitive rate, and able to fund any opportunities that come one's choices, and its size should vary based on the kind of deals one seeks. It ensures one doesn't run into financial difficulties like the person mentioned who had sold a business and then invested unfittingly. The hosts, Spencer Shaw and Kim Butler, discuss the importance of cash flow and serving others alongside building wealth, considering wealth building as a marathon rather than a sprint.  Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity. Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Thinkers thinking and strategies today! Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode. Links and Resources from this Episode  For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/ https://gravystack.com/prosperity https://prosperitythinkers.com/action/     Show Notes  The importance of an emergency and opportunity fund Why you should have a foundation fund which is not taxed and readily available to take advantage of opportunities The ideal size of your opportunity fund Importance of having a larger opportunity fund than the size of the deals you are seeking The race towards financial stability The concept of serving as a human or spiritual standpoint in one's life Why you should go slow in investments and making wise decisions The problem of focusing only on sprinters or starters in financial information "Perpetual Wealth" and the seven phases of prosperity Importance of having checkpoints in one's financial journey Use of every decade as a checkpoint The need to stretch our perspective of time and have a firm foundation The value of cash flow  Special Listener Gift Free eBook: Activating Your Prosperity Guide. Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!  Review and Subscribe  If you like what you hear please leave a review  by clicking here Subscribe on your favorite podcast player to get the latest episodes.   iTunes RSS 

What Is Your Financial Foundation? - Episode 564

Kim and Spencer discuss drawing on experts' knowledge instead of trying to become an expert in all areas. They highlight the importance of self-guided learning and financial education, and the current trends in both. The hosts mention the 'who, not how’ philosophy that involves leaning on expert advice rather than trying to become an expert in all areas.  Kim shares her experience with financial education, emphasizing the need to simplify complex financial topics for consumers. They discuss the societal obsession with retirement at age 65, which they view as harmful.  Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity. Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Thinkers thinking and strategies today! Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.   Links and Resources from this Episode  For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/ https://gravystack.com/prosperity https://prosperitythinkers.com/action/   https://prosperitythinkers.com/vote/     Show Notes  The importance of financial education and shares her experiences writing the book 'Busting the College Planning Lies' Experiences from Kim's own financial education and how it fuels her drive to simplify financial education for everyone, regardless of age or financial awareness Distinction between products that people buy and strategies that people do to control their money Age and the societal misconception surrounding retirement at 65, urging people in their 50s and 60s to envision working for another 30 or more years Individual stories of reinventing oneself and continuous learning shared Planned client event for learning, along with the concept of a potential community for mindset of prosperity relating to personal finance Creating a voting system in the next episode for listeners to decide on the type of community they seek  Special Listener Gift Free eBook: Activating Your Prosperity Guide. Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!  Review and Subscribe If you like what you hear please leave a review  by clicking here Subscribe on your favorite podcast player to get the latest episodes.   iTunes  RSS 

Are You Constantly Learning? - Episode 563

Kim and Spencer discuss the important difference between 'Family Bank' and 'Family Banking.' The hosts emphasize that understanding the distinction between these two concepts is crucial to managing personal and familial finances effectively. While Family Bank remains a widely misunderstood and elusive concept due to certain legal and ownership restrictions, Family Banking refers to the strategic process of managing monetary inflow and outflow, which every family can do. Essentially, Family Banking is about understanding the principles of prosperity and the philosophy of cash flow, as well as applying these principles both personally and as a family. The hosts also discussed the importance of pursuing financial literacy for safer and better banking and financial decisions. Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity. Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Thinkers thinking and strategies today! Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.   Links and Resources from this Episode  For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/ https://gravystack.com/prosperity https://prosperitythinkers.com/action/      Show Notes  The importance of language in understanding financial concepts The clarity that comes with understanding family banking, as opposed to the confusion that arises from the term "family bank” Why anyone can practice family banking The importance of focusing on cash flow as a starting point before progressing to other financial considerations Value of repaying loans with interest and how the concept has been lost in present society Opportunity cost in the context of personal finance Individuals avoiding debt due to lack of financial literacy or fear Why personal finances should not be handled with a mindset looking for shortcuts Significance of financial education and having someone trustworthy to help guide you through your financial decisions The importance of having a clear set of financial principles to live by How to adopt or create a set of financial principles based on the seven principles of prosperity   Special Listener Gift Free eBook: Activating Your Prosperity Guide. Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!  Review and Subscribe If you like what you hear please leave a review  by clicking here Subscribe on your favorite podcast player to get the latest episodes.   iTunes RSS 

Savor the Golden Years with These Two Frameworks - Episode 523

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