The Prosperity Podcast

Kim and Spencer delve into the concept of personal credit scores and a new concept they describe as prosperity credit. The episode begins with a reference to their book, which details guidelines around credit scores. They also announce that they are in the process of developing the idea of prosperity credit and invite listeners to share their thoughts on what this phrase means via email. Kim and Spencer advocate for acting proactively with finances and treating personal credit seriously, and they offer resources for credit cleanup and improvement.

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 [email protected] 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://uqual.com/

Show Notes

• What is hard money lending in the real estate investing world
• Definition of prosperity credit, starting with mindset and involving time in the game, maintaining relationships, and turning obstacles into opportunities
• Four "referability habits" from mentor Dan Sullivan to avoid having bad credit
• Insights about the relevance of personal finances' time element to personal credit
• The importance of keeping old credit cards open
• The need to know one's credit scores
• Difficulties in getting life insurance after a health problem

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

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This podcast episode centers around a book titled "Don't Tell Me I Can't" by a 14-year-old author going by the pen name, Cole Summers. The hosts discuss the book and the message of possibility, hard work, self-belief, resilience, and learning it delivers. The episode also talks about the author's unconventional life journey, from his purchase of a tractor at nine and a house at ten, to owning a 350-acre farm, all while being homeschooled and later, unschooled.

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 [email protected] 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://www.amazon.com/Dont-Tell-Cant-Ambitious-Homeschoolers-ebook/dp/B0B1GQ9ZRM/

Show Notes

• Kim speaks about her experience reading the book and how inspired she was by Cole Summers' story
• Spencer provides insight into how he discovered Cole's book, emphasizing the importance of being open to wisdom and learning from others
• The hosts discuss how Cole was repeatedly underestimated because of his age but continued to prove himself through hard work and dedication
• They conclude their review of Cole's book highlighting how it encourages adopting a mindset of unlimited possibilities

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

Spencer and Kim discuss the concept of the "velocity of money." This is likened to the pace of marathon running, using this as an analogy to explain the movement of money. The hosts make use of the acronym CLUE, which stands for Control, Liquidity, Use, and Equity, to explain how one can get optimal long-term benefits from their money.

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 [email protected] 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

• How to use products and strategies to initiate velocity
• Putting money through life insurance and investment real estate
• How to understand CLUE and its impact on asset management and unraveling misconceptions about liquidity
• Misconceptions about the liquidity of the stock market
• Misleading financial strategies that do not follow the CLUE strategy
• Human behavior and its impact on financial decisions
• Why automated discipline and having save-first mentalities are preferred approaches for building wealth

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

Spencer and Kim delve deeply into the topic of inflation, reflecting on how it's affecting individual lives and businesses worldwide. The hosts share a story about a business owner in Argentina, a country currently going through significant monthly inflation. To protect his business, he uses US dollars due to their stability and he invests his profits back into his business to purchase supplies, expecting the inflation to worsen. This leads to discussion on how tangibles like food, water, supplies can help maintain or beat inflation.

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 [email protected] 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

• Inflation and its impact on the economy.
• A personal story about inflation and its effects in Argentina.
• Two things that benefit from inflation.
• The impact of inflation on investments and the need for supplies to maintain pace with it.
• How whole life insurance premiums benefit from inflation.
• The importance of building an emergency fund instead of focusing solely on retirement savings.
• Use CLUE (Control, Liquidity/Legacy, Use, Equity) as a way to approach investments in a time of inflation.

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

Spencer and Kim discuss the concept of value and altering perspective on it. They use a personal anecdote to illustrate the idea, wherein his content creator son understands his work's value in a different way when his father becomes his 'employer'. This story is used to spark discussion on how people value their wealth and finances, and their aversion to taking action due to perceived risks. Kim suggests methods to think about value in personal terms - seeing the value in our future selves and tying decisions to emotions to facilitate desired behavior.

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 [email protected] 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

• Spencer's personal story regarding his teenage son who is a content creator and his recent struggles with consistency
• Recognizing personal investment and values
• The emotional nature of financial decision-making and the need to ascertain how people best interpret and integrate information
• The importance of individuals recognizing value for the benefit of themselves and their future selves
• Strategies on how to create and understand the value of our future selves
• The importance of personal motivation, whether that be self-preservation or family preservation

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

Spencer and Kim discuss the rising cost and decreasing availability of homeowners insurance, and how people can prepare for potential future issues. A recent incident where a tree limb fell and damaged a greenhouse on their property led them to talk about the potential costs and benefits of having homeowners insurance, especially when it comes to damage repair and tree removal. They also touched on the increase in homeowners insurance costs and difficulty in obtaining it in certain areas like California and Florida. The hosts also discuss how life insurance can be a place to build up cash value that can potentially be used to replace or repair a property in case of an emergency. However, they strongly advise against turning down house insurance and self-insuring.

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 [email protected] 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

• Story about a tree falling and damaging a property, illustrating the role of homeowners insurance
• The rising costs of homeowners insurance CA and FL, resulting from real estate transactions
• Advantages and complexities of self-insuring a home
• The role of cash value in life insurance policy in replacing a home
• The service offered at prosperitythinkers.com
• Potential foreclosure triggered by lack of homeowners insurance
• Possible solutions: Banks providing insurance or community-built insurance like Christian medical communities
• The concept of self-insuring and the role of a life insurance policy
• Importance of having a stable, guaranteed asset such as cash value of whole life insurance to self-insure

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

Spencer and Kim compared Indexed Universal Life (IUL) insurance and Whole Life insurance. They compare IUL to a mobile home due to its flexible and adjustable nature, which also means it carries more risk. Meanwhile, Whole Life insurance is compared to a brick and mortar home due to its stability and permanence.

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 [email protected] 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

• What IUL and whole life insurance are and how are they different from each other?
• Analogy between universal life and a mobile home, and whole life to a brick and mortar home
• Personal experiences of weaknesses of mobile homes compared to brick and mortar homes
• Suggestions for those who have an IUL policy and realize they might be in trouble due to impending risk
• Sunk cost fallacy in life insurance decisions, and how to overcome it

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

Spencer and Kim discuss a provocative concept called the 100% death tax, proposed by self-made millionaire Alex Hormozi. The idea suggests that if entrepreneurs knew their entire wealth would be seized upon their death, they would be more inclined to invest their wealth, experiment with new ideas, and constantly innovate.

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 [email protected] 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://www.youtube.com/playlist?list=PLakZJR9Rc1WKnIv5svrxPHI3o8JugWYJf

Show Notes

• Introduction of Alex Hormozi, a self-funded, self-started entrepreneur who supports the idea of 100% death tax
• Explanation of Hormozi's belief: Entrepreneurs would be more willing to spend their money if they knew it wasn't being left on the table
• Discussion on wealthy entrepreneurs such as Warren Buffett, Jeff Bezos, and Bill Gates who've shifted from entrepreneurial thinking to a more governmental control orientation
• Support for creating an environment where entrepreneurs keep experimenting via policies like 100% death tax
• How creating an environment where values, learning, and some amount of money get passed down is crucial
• How transformation in thinking can be more effective in wealth accumulation
• The power of life insurance to facilitate the transformation in dollars and thinking

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

This episode of the Prosperity Podcast discusses the mindset of givers and takers, particularly among millionaires and billionaires. Drawing insights from a study by Patrick Campbell, a man who has owned a data analytics company, the hosts note that Campbell's study shows that takers tend to seek 51% of value from their interactions and see relationships as a series of single moves.

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 [email protected] 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://twitter.com/patticus/status/1684556264062296064?s=46&t=Wx4UH3H0WqT4Xg1RSCK9hA

Show Notes

• The importance of using the word 'strategy' instead of 'plan'.
• The study of Patrick Campbell: Based on interactions with 18 millionaires and six billionaires, revealing that net takers expect 51% of value from relationships
• Findings that the richest 13 out of 24 people studied were net givers
• The importance of being a net giver and how the practice of gratitude can facilitate that
• The values and actions of net givers to the motivations and operations of mutual life insurance companies

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

In this episode of the Prosperity Podcast, Jim Klauck interviews Kim Butler, who discusses her approach to assisting people in managing their finances and accumulating wealth. This involves simplifying savings, automating assets, and instilling faith in finances. Kim highlights the importance of establishing an emergency fund and opportunity fund to counter unexpected life events and investment opportunities, which also promotes peace of mind and overall health. She also emphasizes automating savings and using traditional assets like whole life policies to build wealth.

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 [email protected] 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

• Kim discusses her financial strategies and how she values simplicity and automation in personal finances
• Helping families transfer wealth and values through generations
• The concept of paying yourself first
• Considering beach money as a lifestyle leading to freedom and peace rather than focusing on the monetary aspect
• The importance of mindset and intention in achieving financial goals
• Managing finances isn't an overly complicated task, it's all about setting intentions and following a systematic approach

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