The Prosperity Podcast

How can you go from being in the lower middle class to the upper middle class? Is it even possible? If so, how can you go and raise your level of wealth?

For today's episode, Spencer Shaw and Kim Butler discuss different levels of wealth. They explain that the bottom is an emergency fund, the middle class is often stuck, the upper middle class is when you become an accredited investor, and the upper class is when passive income exceeds expenses.

The middle level of wealth is often where people get stuck because they don't have a clear plan for the next step. To help with this, it's important to create an opportunity fund so you know where to invest your money. Spencer and Kim also highlight the importance of having a clear plan and goal in order to move to the next level of wealth.

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/
• Check out the article here: Going Through Levels of Wealth Show Notes
• Exploring the different levels of wealth
• What the very bottom of wealth looks like
• Moving from middle to upper middle class
• Accelerating social mobility through mindset and relationships
• Upper class is when passive income exceeds expenses
• Why people are stuck in their levels of 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!

Call to Action Get access to our first beta list: Email [email protected] using the subject line Cash App

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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How do you keep track of your expenses and finances? Do you use the traditional pen and paper to jot down the numbers you're spending or saving or do you take advantage of the technology to effectively track your finances?

For today's episode, Spencer Shaw and Kim Butler discuss a new innovation for tracking finances: Currence.

What exactly is Currence?

Currence is an app and account that tracks finances and optimizes them based on the Profit First methodology. It puts all income into its account and automatically schedules payments out of it each month, so users have a better handle on their money.

To get access to the Currence app is by invitation only. Email [email protected] with the Subject: "Currence" to get access.

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/
• To get access to the Currence app, it is by invite only. Email [email protected] with the Subject: Currence to get access. Show Notes
• The Currence app tracks finances and optimizes them based on the Profit First methodology
• Automatically schedules payments out of your account each month
• What goals to have before you start using the Currence app
• Prosperity Thinkers offers financial advice and guidance
• Helps users take control of their money

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!

Call to Action Get access to our first beta list: Email [email protected] using the subject line Cash App

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

Whole life is an insurance product that is designed to help families build and store emergency opportunity money. Although it is oftentimes a misunderstood space in personal finance, it is the most valuable tool for building liquid emergency money.

In this episode, Spencer Shaw and Kim Butler discuss the reasons why whole life insurance is a better investment than other options like savings accounts or CDs. They mention that the monthly premium forces you to save, the life policy earns a higher rate of return, and the growth is not taxed. They also talk about how this investment is long-term and can be passed down to future generations.

Spencer and Kim also talk about the advantages of life insurance as an investment. They explain that the industry is regulated by the state, rather than the federal government and that this makes it more trustworthy. They also explain that life insurance companies are mutual companies, meaning that they are owned by their policyholders and that this gives them more control over their own destinies.

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 big WHY: Why should you start whole life insurance?
• What is liquid money?
• The importance of life insurance
• Why whole life insurance is the best way to build wealth
• Benefits of life insurance
• Why the life insurance industry matters
• Working with a mutual life insurance company

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!

Call to Action Get access to our first beta list: Email [email protected] using the subject line Cash App

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

Do you use artificial intelligence in your personal and business life? How does using AI help simplify your tasks?

In this episode, Spencer Shaw and Kim Butler discuss open AI and how it is changing the world as we know it. They talk about how technology is revolutionizing the way we think about and use artificial intelligence. They also share how this technology is impacting our lives and how we can use it to prosper.

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

• Innovations in Open AI and technology
• The benefits and risks of Artificial Intelligence
• What the future of AI and bots look like
• What are the benefits of using AI in financial planning?

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!

Call to Action Get access to our first beta list: Email [email protected] using the subject line Cash App

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

What are the things you're grateful for this year?

The conversation centered around the importance of having a prosperous mindset going into the new year. Spencer and Kim discuss how to shift your mindset to be more prosperous. Kim recommends starting with physical activity to wake up your body and mind, and then connecting with a dog to find joy in the moment.

Kim also mentions that it is important to take some time to reflect on what we are grateful for and to focus on what brings us joy. She said that this will help us overcome any challenges that we may face in the new year.

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 next year will be a prosperous one
• Kim's take on prosperity, physical activity, and gratitude
• How she get her mind to come back and to be prosperous
• Things she's grateful for

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!

Call to Action Get access to our first beta list: Email [email protected] using the subject line Cash App

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

Racing to pay zero taxes is a race to the bottom and nobody wins. With the end of the year fast approaching, how can you minimize the amount of tax you're paying for?

For today's episode, Spencer Shaw and Kim Butler share the seven different tax-related strategies that people can use to reduce their taxable income. They caution against letting the tax tail wag the financial dog, meaning that people should not pursue tax benefits at the expense of their financial well-being. They also emphasize the importance of understanding opportunity costs when making decisions about taxes.

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

• Paying zero taxes
• Different investments that can help with taxes
• Benefits and risks of tax-advantaged investments
• Should you contribute to your 401k?
• The seven best tax strategies for the end of the year
• Role of life insurance in your tax strategies

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!

Call to Action Get access to our first beta list: Email [email protected] using the subject line Cash App

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

People are making money in ways that may seem unconventional, but there are opportunities for making money everywhere. Whether it's selling photos of surfers in Bali or charging people to name their babies, there are ways to make money if you're willing to think outside the box.

In this episode, Spencer Shaw and Kim Butler discuss the difference between money and wealth. Money is everywhere, but wealth is something that is built over time. They also talk about the importance of saving money and investing in yourself in order to be successful.

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://twitter.com/jakobgreenfeld/status/1529477419685408768 Show Notes
• Is money truly everywhere?
• The difference between money and wealth
• Making money in unexpected ways
• What Udacity is and how it works
• The importance of starting early when saving and investing
• Money from good and prosperity 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!

Call to Action Get access to our first beta list: Email [email protected] using the subject line Cash App

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

Is going to college necessary? While a lot of people will argue that everyone should go and get a college education, there are also many successful people who think that going to a university is not for them.

In this episode, Spencer Shaw and Kim Butler talk about college planning and how it can be detrimental to a student's success. They discuss the new book, Busting the College Planning Lies, how these lies can cause students to waste time and money, and provide advice on how to avoid them. Spencer and Kim also debunked the different college alternatives for families and kids who don't wish to go to college.

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

• Busting the College Planning Lies: What is it all about?
• How many people have concerns about funding their kid's college education
• Major concerns surrounding funding for college
• Cutting costs without cutting value
• College alternatives for the family

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!

Call to Action Get access to our first beta list: Email [email protected] using the subject line Cash App

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

Should children learn the value of money as early as they can? How can you teach kids to prioritize their needs over their wants, like picking the needs for new clothes rather than wanting a new toy?

For this episode, Spencer Shaw and Kim Butler discuss the importance of teaching delayed gratification and saving money to kids. They talk about the benefits of having an abundant mindset when it comes to money at a young age. Spencer and Kim also reiterate the importance of investing and how it can create more wealth than saving money.

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://twitter.com/rajatsonifnance/status/1586350049130414082?s=46&t=pkw-nA-BuCYCFAn1QBuYZQ Show Notes
• What are the 11 money rules for kids?
• The benefits of teaching kids to prioritize needs over wants
• Practicing delayed gratification
• Giving back and counting your blessings
• Are mistakes good?
• Which has more impact: Saving or investing?
• The ten ways to build 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!

Call to Action Get access to our first beta list: Email [email protected] using the subject line Cash App

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

Delegation can be an effective way to free up time and energy for people to focus on what they are good at. It should be done properly, with clear expectations and responsibilities, and it can also be done within a community, in a business, and within the family.

Spencer Shaw and Kim Butler explain how delegation can be an act of love and in order to delegate effectively, you need to find the best person for the job. They also discuss the concept of delegation in the community and how parents can use it in order to balance their workloads and their family. Spencer and Kim also talk about how delegation can also be a beneficial way to utilize other people's talents and skills.

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

• Delegation: The key to efficiency
• How delegation works
• The benefits of delegation in business, in the community, and within the family
• Difference between an audience and a community
• Using delegation in teaching children to learn
• Achieving financial success through delegation

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!

Call to Action Get access to our first beta list: Email [email protected] using the subject line Cash App

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