The Advisor Advantage

In the 4th episode of the seven blind spots, Kim talks about how interest rates work, also how banks make money. She uses this to help advisors educate their clients about how important it is to convert interest rates into dollars. She also recommends a particular financial calculator and a book that helps clients understand the distinction between interest rates and money.

To learn more about the prosperity movement and help you and your clients build and keep wealth visit www.TheAdvisorAdvantage.com

To learn more about the Prosperity Economics Movement

http://prosperityeconomicsadvisors.com/how-to-keep-your-mindset-positive-bonus-episode

Show Notes

• The 4th Blind Spot: How Interest Rates work - 2:11
• Kim explains to us that we don't convert the interest rates to dollars and consequently, we don't understand how they work - 2:42
• Kim shares with us an example to understand this 4th blind spot - 3:10
• She recommends to us to use a financial calculator - 3:40
• Kim explains to us how to use a financial calculator for interest rates - 5:45
• In the advisor section of the podcast we get to listen to Ken Greene at the 2018 Summit for Prosperity Economics Advisors talks about the 2018 Summit and his experience there - 6:40

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This third blind spot refers to the fact that your own cash has value and this is related to opportunity cost based on how we use our money on a day to day basis.

This personal finance blind spot has helped Kim stand apart from other financial advisors since opportunity cost is not something that most financial advisors talk about. Also, Kim shows us the importance of educating the clients about this matter.

To learn more about the prosperity movement and help you and your clients build and keep wealth visit www.TheAdvisorAdvantage.com

To learn more about the Prosperity Economics Movement

http://prosperityeconomicsadvisors.com/how-to-keep-your-mindset-positive-bonus-episode

Show Notes

• Kim shares with us the third blind spot in a series of seven for personal finances - 1:44
• Kim talks about Financial calculators - 2:10
• What it's the Third blind spot?: opportunity cost - 2:30
• The typical financial planner does not talk about opportunity cost -3:20
• Kim explains to us the issue with opportunity cost - 5:38
• She talks about the importance of losing interest by removing cash from an account - 6:30
• Kim tells us that our own cash has value and cost - 6:44
• Every day your cash can earn you interest or lose your interest -7:19

• In the advisor section of the podcast we get to listen to Noah Kelsch at the 2018 Summit for Prosperity Economics Advisors talks about the 2018 Summit and his experience there - 7:54

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In this Podcast, Kim shares the 2nd Blind Spot in personal finance: an Equal Time Frame. She explains the importance of this blind spot and how to use it in our personal finance.

To learn more about the prosperity movement and help you and your clients build and keep wealth visit www.TheAdvisorAdvantage.com

To learn more about the Prosperity Economics Movement

http://prosperityeconomicsadvisors.com/how-to-keep-your-mindset-positive-bonus-episode

Show Notes

• Kim tells us that she had learned these blind spots thru the years - 2:04
• She talks about the 2nd blind spot: an Equal Time Frames - 2:22
• "You only change one component of a comparison at the time" - 2:59
• Kim tells us that It's too easy to have an equal frame on a comparison - 3:33
• She talks about a comparison between mortgages - 4:33
• Kim tells us that our time frames have to be equal - 5:03
• She explains to us that our interest rates have to be equal - 5:07
• Kim recommends us a book about interest rates - 5:38
• She shares with us the importance of knowing which is the better mortgage - 6:38
• In the advisor section of the podcast we get to listen to Wade Borth at the 2018 Summit for Prosperity Economics Advisors - 8:04
• "In this Summit, everyone is willing to share" - 10:20

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In this podcast, Kim talks about the 1st of 7 Blind Spots about personal finances. Kim wants to share this 7 blind spots because she experienced them herself and believes that through these concepts you can help your clients to use the money better. Also in the advisor section of the podcast we get and interview with Mike Sullivan from this year's Summit for Prosperity Economics Advisors.

To learn more about the prosperity movement and help you and your clients build and keep wealth visit www.TheAdvisorAdvantage.com

To learn more about the Prosperity Economics Movement

http://prosperityeconomicsadvisors.com/how-to-keep-your-mindset-positive-bonus-episode

Links and Resources from this Episode

• https://thesummit4advisors.com/

Show Notes

• Kim talks about the 1st of 7 blind spots about personal finance - 2:11
• Kim tells us that she shares with advisors these blind spots - 2:50
• 1st Blind Spot: "The Time Value Of Money Matters" - 3:26
• Kim shares with us an example of the time value of money - 4:11
• How to apply The Time Value Of Money? - 4:50
• Using interest rates to impact the value of money - 5:49
• Kim talks about the importance of having a financial calculator - 6:08
• In the advisor section of the podcast we get to listen to Mike Sullivan at the 2018 Summit for Prosperity Economics Advisors - 9:14
• Mike Sullivan comments about his 25 years career and shares with us the importance of the Summit - 9:58

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Ken Greene shares with us how he had used podcasting to grow his business. He lists three reasons why podcasting had helped him grow his business with specific stories.

To learn more about the prosperity movement and help you and your clients build and keep wealth visit www.TheAdvisorAdvantage.com

To learn more about the Prosperity Economics Movement

http://prosperityeconomicsadvisors.com/how-to-keep-your-mindset-positive-bonus-episode

Links and Resources from this Episode

• Connect with Ken Greene
• • http://engineeroffinance.com
  • Office 775-624-8839
  • https://www.linkedin.com/in/ken-greene
  • https://business.facebook.com/GreeneFinance

Show Notes

• Background of the Engineer of Finance: Ken Greene - 1:42
• Ken shares with us how long he had been podcasting - 2:00
• How has podcasting helped him grow his business- 2:45
• The immediate impact of podcasting - 5:58
• Feeling like a celebrity having a podcast - 6:14
• The importance of giving value to others - 7:14
• Two years ago, Ken thought: "I want to have a huge impact on this industry" - 8:01
• The podcast has featured Ken in two magazines - 10:28
• The impact of podcasting on clients - 12:30
• Ken talks about the dynamic of having Tammi as a co-host - 15:01

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In this podcast, you can listen to the importance of creating connections and the ones you can make to serve more people. They also mention how podcasting is one of the best ways to establish connections.

To learn more about the prosperity movement and help you and your clients build and keep wealth visit www.TheAdvisorAdvantage.com

To learn more about the Prosperity Economics Movement

http://prosperityeconomicsadvisors.com/how-to-keep-your-mindset-positive-bonus-episode

Show Notes

• This is the first podcast with a new format - 1:52
• Kim explains to us what to expect of the Summit for Prosperity Economics Advisors 2018 - 2:51
• The importance of seeking who you could help- 5:50
• In every Summit that we do, we have givers - 6:50
• The community of advisors is the community of givers -7:20
• The advisors are here to help - 10:27
• Kim explains to us why podcasting? - 11:18
• The power of the human voice - 11:54
• The importance of coaching and serving the advisors - 18:04
• They talk about Spencer Shaw's company: Podkick. The company specializes in producing podcasts - 18:30
• The importance of feedback - 21:15
• Three different ways to grow your business - 22:22

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In today's episode Kim answers a few questions for those who are brand new agents in the industry. Now that i'm registered in my state, how do I register nationwide? How do I become attached to an insurance company? Why should I stay out of the broker-dealer defense? If you too have these doubts, you want to listen to this episode!

To learn more about the prosperity movement and help you and your clients build and keep wealth visit www.TheAdvisorAdvantage.com

To learn more about the Prosperity Economics Movement

http://prosperityeconomicsadvisors.com/how-to-keep-your-mindset-positive-bonus-episode

Show Notes

• Kim thanks people for their patience for the prosperity economics advisor membership site - 2:30
• Facebook is the better place for group conversations - 3:03
• How to get a life insurance license in one or two states? - 4:50
• Get into the insurance website of the states where you want a license - 5:52
• Kim shares with us information about the insurance complaints center - 6:50
• What resources do you need to take the license test? - 11:44
• Kim recommends us not to have three contracts with life insurance companies - 14:45
• The lowest level of compensation: broker level -17:30
• The explanation of a broker-dealer - 21:40
• Kim shares with us some tips about the "AUM model" - 24:00

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Kim and Tammi share with us some tips about going virtual. They talk about the phone, screen sharing, and the possibility of video. They want to encourage us to use new technologies for reaching our clients in the best way and grow!

To learn more about the prosperity movement and help you and your clients build and keep wealth visit www.TheAdvisorAdvantage.com

To learn more about the Prosperity Economics Movement

http://prosperityeconomicsadvisors.com/how-to-keep-your-mindset-positive-bonus-episode

Show Notes

• Kim talks about a thank you card that one of the members on the movement gave to her - 1:29
• Get in touch with Tammi - 4:00
• Kim talks about some ways to have a membership and be part of the prosperity economics movement - 5:50
• Some ideas of virtual business - 8:24
• The importance of the web for your business - 8:55
• Easy steps for somebody that tries to expand their business - 9:03
• She talks with us about "The advisor 20-20" - 9:30
• What are the tools for going virtual? - 10:10
• Be willing to talk to people over the phone - 11:49
• Tips about the screen sharing environment - 11:58
• Why silence is valuable, important and helpful - 15:30
• Kim recommends us to use a special microphone - 18:17
• Zoom: Video Conferencing - 22:19
• They recommend us to listen to the Isis and Pedro Palicio Podcast about going virtual - 24:30

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Tim and Stephen are the owners of ASR Alternative Investments. They specialize in the structuring, servicing and management of life settlements and today they talk about some of the key reasons to use alternative investments.

To learn more about the prosperity movement and help you and your clients build and keep wealth visit www.TheAdvisorAdvantage.com

To learn more about the Prosperity Economics Movement

http://prosperityeconomicsadvisors.com/how-to-keep-your-mindset-positive-bonus-episode

Links and Resources from this Episode

• Connect with the guests:
• • asrinvest.com
  • [email protected]
  • [email protected]
  • https://www.linkedin.com/company/american-safe-retirements/

Show Notes

• Tim talks about the possibility to go to the summit - 2:36
• The balance between tradition and innovation in their company - 4:40
• They talk a little bit about their company - 5:20
• They talk about their strategy in the market - 3:47
• A key component of the way that they do business - 9:07
• The importance of relationship building - 10:45
• They talk about accessibility to information -11:40
• Tim and Stephen talk about their new product -14:58
• Alternatives are an essential component to the movement -15:40
• What to do if you had a negative experience - 16:40
• Stephen and Tim share with us some recommendations for advisors - 20:11

Review, Subscribe and Share

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Kim explains why in some cases is not right to do alternative investments and encourages every advisor to follow their true instinct.

To learn more about the prosperity movement and help you and your clients build and keep wealth visit www.TheAdvisorAdvantage.com

To learn more about the Prosperity Economics Movement

http://prosperityeconomicsadvisors.com/how-to-keep-your-mindset-positive-bonus-episode

Show Notes

• Why you shouldn't work with alternative investments - 3:20
• How do you make a good decision around an opportunity - 4:10
• She tells us why she follows her instincts - 5:20
• Kim's background - 8:20
• Kim explains to us that some advisors can't be involved in alternative investments - 10:50
• She explains that the movement is about telling the truth - 12:10
• Telling the truth and follow the principles is a requirement - 15:03
• The ability to keep learning is what makes people live young - 17:10
• There aren't some advisors involved in alternative investments - 18:30

Review, Subscribe and Share

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