The Prosperity Podcast

In this episode of the Prosperity Podcast, Spencer Shaw and Kim Butler discuss the impact and potential benefits of AI in various aspects of life and business. They reference Dan Sullivan's insight on using AI, stressing the importance of prompts when using AI systems for specific tasks. The conversation highlights both personal and professional examples of AI application, including AI tools for crafting emails, creating a complex Google Sheet formula, and assisting in household organization, among other examples. Kim and Spencer also acknowledge the potential for time-saving and increased efficiency in leveraging AI for tasks that complement human skills and unique abilities.

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/

Show Notes

• The prosperity thinking mindset towards AI and how AI can serve as a helping mechanism in various aspects
• Kim shares her personal experience of using AI to write emails and how it saved her time
• Spencer argues that AI can be proactive too with proper prompting and feeding good information
• How Spencer used AI for helping with his oldest son's job opportunity path
• Using AI for family chores planning and meal planning
• AI as a companion during Zoom meetings, recording, and summarizing the meetings
• AI being used for summarizing and extracting important points from long emails

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!

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In this episode of the Prosperity Podcast, Spencer Shaw and Kim Butler discuss the things people should stop doing once they have accumulated wealth. They highlight the importance of transitioning focus from cash value to the death benefit in their whole life insurance policies, and also to stop being overly focused on tax deductions. Instead, it's recommended to build wealth with after-tax dollars that will be held as after-tax for the rest of their lives. The hosts also emphasize the need to stop doing small transactions and delegate tasks with a humble approach to others who may have unique abilities in those areas.

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/

Show Notes

• The importance of shifting focus from the cash value of whole life insurance to its death benefit and how to utilize it to impact other assets during your life
• Once a person reaches a net worth of $1 million or above, it's crucial to stop the overt focus on tax deductions, and instead, build wealth with after-tax dollars
• After your wealth accumulates, small transactions and low-value tasks should be stopped, and time should be spent more strategically on higher-value activities and unique abilities
• Why should you stop making decisions based on fear and scarcity and focus on protecting their mental space by seeking learning and opportunities from sources that align with their current financial standing

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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In this episode of the Prosperity Podcast, the hosts discuss the debt ceiling crisis and its impact on people's lives. They emphasize the importance of a long-term perspective to make principle-based decisions that can weather any storm. Spencer and Kim also highlight the longevity and success of the mutual life insurance industry as an example of responsible financial management. By focusing on the things they can control and applying the principles of prosperity, they assert that individuals can remain resilient even in the face of financial challenges.

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/

Show Notes

• Acknowledging various types of debt
• How to approach personal and business debt situations
• Importance of focusing on forward momentum and opportunity
• Recognizing the shifts that can occur with time
• Understanding the importance of focusing on principle-based thinking
• Discussing the longevity of mutual life insurance companies
• Emphasizing the importance of long-term perspective in decision-making
• Applying the 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.

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In this episode of the Prosperity Podcast, Spencer Shaw and Kim Butler discuss wealth building secrets of millionaires and why the term millionaire isn't as exciting as it used to be. They mention that focusing on cash flow is more important than net worth. The conversation explores the importance of transactions, such as starting, buying, and selling a business or real estate, which can lead to significant wealth growth. Spencer and Kim emphasize simplicity, principles, and real-world experience in their wealth-building tips, as well as the importance of focusing on the right things using the appropriate language.

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/

Show Notes

• Why the term "millionaire" isn't as exciting as it used to be
• Importance of focusing on cash flow rather than net worth
• The common wealth building secrets of millionaires
• The importance of liquidity for opportunities
• Role of transactions in wealth building
• The importance of building liquid cash that can be controlled
• Leverage and debt in wealth building
• The focus on control and leverage as key wealth-building tips
• Control in relation to leverage
• Focusing on the correct language and principles

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.

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In this episode of the Prosperity Podcast, the hosts, Spencer Shaw and Kim Butler, discuss the importance of avoiding zero-sum games, in which there is a winner and a loser. They provide examples of such games, including gossip, which can harm all parties involved, and share ways to combat this mentality. They also discuss the role of life insurance as a "win-win-win" financial product, particularly whole life insurance from a mutual company, which benefits the buyer, seller, and company alike. Additionally, they emphasize the importance of timely action when it comes to life insurance purchases, as medical complications and other factors can impact one's ability to buy a policy in the future.

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/

Show Notes

• How a zero-sum game means there's a winner and a loser and how it can apply to various situations, such as gossiping or bullying
• A discussion on how life insurance, particularly from a mutual company, can be a win-win-win situation: For the person buying the insurance, the person selling the insurance, and the insurance company
• The importance of the mutual life insurance company structure and its benefits
• The significance of ownership and sharing the concept of win-win-win situations with children
• A story about how timing can impact life insurance and the importance of taking action sooner rather than later
• How to get in touch with Kim to discuss the zero-sum game, mindset, or the life insurance space

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.

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In this episode of the Prosperity Thinkers Podcast, the focus is on the importance of philanthropy and giving forward. The hosts discuss the concept of the "velocity of money" and how participation in initiatives like kiva.org can help move money and improve one's own personal economy. They highlight different ways of engaging in philanthropy, such as donating small amounts to causes important to the individual, using donor-advised funds, and even creating a family foundation. Spencer and Kim agree that engaging in philanthropy can provide a sense of purpose, align with one's values, and create opportunities for families to bond and work together for the greater good.

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://www.heifer.org/
• https://www.kiva.org/
• https://www.amazon.com/Perpetual-Wealth-Financing-Prosperity-Generations/dp/B0977PM7JD Show Notes
• The concept of giving forward and its importance for enabling money to keep moving.\
• Kim shares her own experience with microloan organization
• Kiva.org, and how it helped her get money moving during a difficult time
• The book "Busting the Charitable Giving Lies" and its current status
• Discussion of donor advised funds and their benefits for controlling where donations go
• Kim shares her experience of participating in her alma mater's 24-hour giving day and the impact it had on her
• The importance of starting small with charitable giving and how it can put energy and thought behind the causes you care about
• Various methods of giving, from small donations to creating a full public charity
• How families can involve multiple generations in the process of choosing and researching charities to support

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
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Kim and Spencer discuss responsible borrowing and how to use debt to your advantage, particularly when it comes to building businesses or making investments. The conversation emphasizes the importance of having a proper mindset before considering taking on debt and being confident in the ability of the investment or business to generate enough cash flow to pay off the debt.

The podcast also highlights the need for liquidity to cover potential issues such as delays in business profitability or unexpected expenses. In addition, it recommends using bank financing, borrowing against the cash value of life insurance policies or acquiring funds from venture capital, family or other sources as a means of obtaining debt responsibly.

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/

Show Notes

• Discussing responsible debt and debt taken for building businesses and investments
• Building liquidity and why it is important for taking on responsible debt
• Interest rates and the dividing line between good and bad debt
• Approaching OPM (Other People's Money)
• Understanding responsible borrowing from a prosperity perspective

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
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Kim and Spencer discuss the intersection of health and wealth and the importance of investing in personal well-being for long-term prosperity. They emphasize the significant impact of physical and mental health on a person's overall prosperity and ability to think and function optimally. The conversation highlights the benefits of seeking personalized guidance in various aspects of life, such as personal finance, health, and fitness. The hosts suggest trying out services like Viome, which offers personalized nutritional advice based on an individual's unique biology.

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://truthconcepts.com/
• https://www.viome.com/ Show Notes
• Kim's appreciation for AI and how it changed her daily life
• The intersection of health and wealth, investing in well-being for long-term prosperity
• The importance of physical and mental health for overall prosperity
• Kim's personal experiences of how food choices affected her mental and physical wellness.
• The connection between health and the brain
• Kim's realization about her health and mental activity
• Initial experiences with a food coach and learning how to make healthy food choices to improve your health
• Discovering the significance of blood types in diet and how red meat works well for Kim's system
• Undergoing the Viome test to determine personal superfoods, providing a more personalized approach to diet
• The significance and benefits of personalized guidance on food, health, and finances

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
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Kim and Spencer discuss the concept of living for experiences versus living for stuff. They share personal experiences and observations from their careers and highlight the importance of focusing on more meaningful aspects of life, such as relationships and personal growth. The conversation touches on the role of social media in showcasing one's possessions or experiences, and they emphasize the need to be aware of the messages being sent to children about the importance of material possessions. Kim and Spencer also discuss how they incorporate celebration and tradition into their lives in ways that are personally meaningful rather than centered around material possessions.

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://truthconcepts.com/ Show Notes
• Discussing living for experiences and focusing on things like hikes in the woods, beautiful sunsets, and family moments instead of showing off material possessions like cars and homes
• Kim shares examples of how small changes and investments in property can make significant impacts on daily experiences such as a swing for relaxation with her dog or a morning walk to feed the alpacas
• How being conscious of living for experiences can extend to teaching the same values to children in the family
• Prioritizing family activities and time spent bonding creates a valuable environment for growth and connection
• Why you should start celebrating your wins
• Kim admits that while she could do a better job, she is happy with her life and her social interactions, despite not celebrating in the traditional sense
• Tying celebration to accomplishments and milestones like annual premium payments for life insurance policies. This way, every time an annual premium is paid, it's an opportunity for a small celebration with a dinner, massage, or another activity as a reward for the effort put in

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

Kim and Spencer focus on the safest ways to store savings during uncertain times for banks, considering alternatives like mutual life insurance companies and T-bills. The expert, Kim, explains mutual life insurance companies as a secure place for storing cash value, emphasizing the safety of the institution in comparison to banks with fractional reserves. She also encourages people to focus on what's within their control as the dollar isn't going away any time soon and banking systems will continue to be in place. The importance of long-term thinking and following principles is highlighted as essential to financial 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://truthconcepts.com/ Show Notes
• How's the safety of banks and savings accounts now?
• Mutual life insurance companies as an alternative place to store money
• Prepaid premium accounts in life insurance
• Mutual life insurance companies backed up 100%
• The dollar is still being used by 57% of countries, unlikely to vanish soon
• Cash accessibility is changing, banks storing less physical cash
• Necessity of adapting to current financial systems and control
• Storing cash in T-bills or real estate
• Life insurance as an alternative to T-bills and T-bonds
• Long-established banks and credit unions as safe options for cash storage
• Equity in real estate may be a risky place to store cash

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