The Prosperity Podcast

What will happen once the dollar crashes? As a lot of people are scared of inflation and its impact, is there a way to minimize its effect?

For today's episode, Spencer Shaw and Kim Butler talk about how you should focus on what you can control and not worry about the things that you can't control in terms of inflation. They discuss the current state of the economy and the stock market and how you should start focusing on things that will maintain their value in the long term, like real estate or precious metals, as well as keeping a reserve of cash on hand in case of emergencies.

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

• What will happen when the dollar crashes?
• The big impact of a potential dollar crash
• Things that you can control that can overcome inflation
• Effect of the rising interest rates on savings and mortgages
• Benefits of dividends from life insurance companies
• Simplifying your savings and automating your assets
• The multiplier effect of 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

Achieving wealth is about more than just money - it is about putting in place strategies that will enable perpetual wealth in a family. In order to create wealth, it is important to have the right mindset and to be clear about one's values. Success starts in the mind, and Prosperity Thinkers help people to achieve this success.

In this special, bonus episode, Kim Butler speaks with Steve Gordon, the host of The Unstoppable CEO Podcast. Kim talks about how families can achieve perpetual wealth, and how it is something that can be passed down from generation to generation. She also shares how financial education is lacking in our society and how banks and other financial institutions do not teach people how to build wealth. Kim reiterates the value of whole life insurance and having the perpetual thinking of building sustainable 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.

Who's The Guest? Steve Gordon is the host of the Unstoppable CEO Podcast and has published more than 400 articles on marketing and sales for professional services firms. He is a 2-time entrepreneur and best-selling author of the book Unstoppable Referrals. His firm, The Unstoppable Agency helps consultants and digital agencies land great clients by hosting their own podcast and using his proprietary Podcast Prospecting Method.

Links and Resources from this Episode

• For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
• Connect with Kim Butler
• Perpetual Wealth Book
• Family Legacy Card Game
• Prosperity Thinkers
• https://www.linkedin.com/in/kimdhbutler/
• https://www.facebook.com/kimdhbutler/
• Connect with Steve Gordon
• https://unstoppableceo.net/
• https://www.linkedin.com/in/gordonsteve
• https://podcasts.apple.com/us/podcast/the-unstoppable-ceo-podcast/id1198412298 Highlights
• What is wealth?
• The importance of wealth in our lives
• Different aspects of wealth
• Concepts from the book Perpetual Wealth
• How the Family Legacy Game drives conversation
• Importance of a legacy mindset
• Why long-term thinking in financial planning should be a top priority
• Whole life insurance as a perpetual wealth strategy for businesses
• Dealing with your digital footprint
• The importance of planning your life after death

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

In order to have prosperity, it is important to be grateful for what is there and to be conscious of pulling the good out of whatever the occurrences are. It is also important to be prepared for what one is afraid of and to take action to solve those fears.

In this episode, Spencer Shaw and Kim Butler talk about having a Plan B to protect yourself and your family, in case something goes wrong. Kim believes that humans have the ability to find the good in any situation, no matter how difficult it may be. They also cite examples of financial and weather-related challenges that her clients have faced in the past, and how they were able to overcome them. It is important to have a backup plan in case something goes wrong in life.

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/
• Jay Martin, How to Fix the Financial System (with Russell Gray and Brien Lundin) Show Notes
• Plan B as a main street knowledge
• Having whole life insurance as part of his plan B as a place to store cash
• The power of optimism in the face of adversity
• How to prosper in any economic climate
• The benefits of cash value life insurance
• Importance of long-term thinking in money management
• Why you should have a Plan B for your family's financial future

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

Giving back is an important part of living a prosperous life, and there are many ways to do it. One way is to save up for an emergency fund or an opportunity fund. This money can be used to help others in need or to invest in something that will improve someone's life.

In today's episode, Spencer Shaw and Kim Butler discuss the importance of taking vacations and spending time doing things that you enjoy, rather than working all the time. They talk about how retirement is a social construct that doesn't really benefit anyone, and how you should save and spend your money based on your own values rather than what others around you are doing. Kim also shares the principle of giving first and explains how this can help people get unstuck and achieve their goals. She mentions how giving is an ongoing process, and how it takes daily work to maintain a give-first mentality.

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://kiva.org/

Show Notes

• If you are helping others live a prosperous life or deal with emergency and opportunity funds, where should the other money go?
• Ways you should save and spend your money
• Why Kim decided to donate to Kiva
• The power of giving forward

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

Lazy assets are those that do not generate income or require much effort to maintain. They are typically seen as a drag on finances, and can even be dangerous if they are not properly managed.

While lazy assets may seem like a cure-all for those looking to make money with very little effort, there are some downsides to consider — which is what Spencer Shaw and Kim Butler discuss for today's episode.

Spencer and Kim differentiate lazy assets from working assets, as well as the different assets that can be categorized under lazy assets. They also share how you can start multiplying your lazy assets and make them work better for you.

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/ How to Multiply Your Money - A Cure for Lazy Assets

Show Notes

• What are lazy assets?
• Lazy assets vs Working assets: What are the biggest differences between the two?
• The different assets that cannot be considered lazy assets
• How can you start multiplying your lazy assets?
• Paying business bills with borrowed against cash value dollars
• What are the different tiers of assets banks have
• What is Airbnb arbitrage?

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

If you're like most people, you probably have a few hundred dollars in your savings account that you consider your "emergency fund." But what if I told you that you could have a cash reserve that was 10 times that size?

For today's episode, Spencer Shaw and Kim Butler talk about how you can start your own emergency slash opportunity fund and start taking advantage of the opportunities from your cash on hand. Kim also shares what her best practices are when it comes to recalibrating her life. Additionally, Spencer and Kim discuss how you can start with opportunity and prosperity thinking and use the money to gain even more 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/

Show Notes

• How much should be your emergency slash opportunity fund?
• When is the best time to take advantage of the opportunities from your cash on hand?
• What is an emergency opportunity fund and what are the advantages of keeping one?
• How you can start with opportunity and prosperity thinking Kim's best practices when she wants to sit back and recalibrate
• Cash App: How you can start using 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!

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

The 0% tax bracket is a race to the bottom. It's a mentality that big stores such as Walmart support, where the goal is to pay as little in taxes as possible. This hurts everyone in the long run because it means less money for things like infrastructure and education.

In today's episode, Spencer Shaw and Kim Butler talk about the importance of NOT focusing on 0% taxes. They argue as to why the race to the bottom mentality can actually hurt people in the long run, rather than helping them financially. Spencer and Kim also discuss the difference between paying more and paying fewer taxes and which you should choose to reach your financial goals.

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 0% taxes is something you should not be focusing on.
• What is the race to the bottom mentality and why are big stores such as Walmart supporting this?
• Paying more tax or less tax: Which hurts more?
• The huge difference between financial math and school math.
• What is the appropriate principle of prosperity that we should focus on?
• How does the multiplier effect work?

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

There's never been a better time to start than now. Why? Because you can't predict the future, and things could always get worse. So if you're thinking about starting something new, whether it's a business or a relationship or anything else, now is the time to take action.

For today's episode, Spencer Shaw and Kim Butler talk about the best time to take action. Together, they discuss the big connection between starting a business and getting your own policy, and why the best time to start taking action is NOW.

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

• What Spencer was extremely grateful for while working on a neighbor's sawmill
• When is the best time for us to take action and do things?
• The big connection between starting a business, planting a tree, and getting your own policy.
• Why now is the best time to start taking action?

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

Whole life insurance has been around for a long time, and for good reason. It's a type of insurance that can provide you with coverage for your entire life, as long as you continue to pay the premiums. This can be a great option if you want to make sure your family is taken care of financially in the event of your death.

For today's episode, Spencer Shaw and Kim Butler talk about the many advantages of overfunding your whole life insurance and treating it as your savings account. They share how you can start building your life insurance portfolio and when is the best time to do so. Spencer and Kim also differentiate term insurance and whole life insurance and which will work better for you.

Building your own insurance portfolio can be expensive, but it will benefit you and your family in the long run.

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

• What the history behind whole life insurance is
• Why people are buying whole life insurances
• What the differences are between term insurance and whole life insurance
• What are the advantages of overfunding the policy
• Why Kim decided to get serious about buying, stacking, and building her insurance portfolio
• When is the best time to start building your life insurance portfolio
• What are the benefits of overfunding whole-life insurance

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

We all know the saying, "There's no such thing as a stupid question." And yet, we often find ourselves holding back from asking questions, for fear of sounding foolish.

But the truth is, asking questions is one of the most powerful things you can do. Good questions can help you learn more about someone or something, get to the heart of a problem, and build better relationships.

For today's episode, Spencer Shaw and Kim Butler talk about how you can start asking really good questions when speaking with other people. They share what questions to ask to prepare for a conversation and what tips to keep in mind whenever you ask questions.

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/
• Hero on a Mission by Donald Miller Show Notes
• Why you should start asking really good questions
• What questions Kim loves asking when speaking with other people
• What questions to ask to prepare
• Tips to keep in mind when you ask questions
• How you can do better with your 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
• RSS