The Prosperity Podcast

Do you really need that life insurance? What are the benefits of having one?

Kim and Spencer take a deep dive into whole life insurance as a whole. They talk about why you should get a life insurance instead of investing in another multifamily or another fund. Kim also cites the different benefits of having one and how you can take advantage of the opportunities in buying life insurance. Listen to Kim and Spencer as they talk about why it's never too late to buy life insurance.

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
• Reasons for the topic, Alternatives to Cash. - 0:13
• Understanding the space of a mutually owned life insurance company. - 3:01
• The variables. - 3:37
• Focusing on what you can control is critical. - 5:01
• Why life insurance when you can just get another multifamily or put it in another fund? - 6:13
• Life insurance is one product we may not be able to buy tomorrow. - 8:51
• The problem with investing in companies with younger investors. - 12:53
• The presence of whole life insurance in your personal economic environment will benefit you. - 15:03
• It's never too late to buy whole life insurance. - 16:00
• The benefits of having whole life insurance. - 17:04

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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Prosperity is defined by more than just material and financial wealth.

Kim and Spencer examine the various definitions of the word "prosperity" as well as other related topics. Prosperity is a noun and a verb. It contains a spiritual component. And money, according to Kim, has an impact on everything, including the things that are most important to every individual – time and relationships.

Topics such as savings simplification, asset automation, and financial faith installation are also discussed. Listen in to learn how your mindset affects your ability to flourish.

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 definition of "Prosperity" - 0:40
• It starts in the mind: Prosperity mindset vs. fearful mindset - 3:24
• Learning how to be positive - 5:45
• Awareness is an important variable for change: shifting the physical and mental state - 8:30
• Delving into a work that you love - 12:02
• The prosperous cycle: why shouldn't you participate? - 12:58
• A prayer of affirmation: writing a prosperity note to a little one - 15:30
• Share your own definition of prosperity - 18:38

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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Everyone wishes to have a restful night's sleep and a stress-free day. However, the argument remains: HOW?

Kim and Spencer's discussion on whole life insurance continues. This episode focuses on the death benefit, the second most important financial advantage of whole life insurance. Kim and Spencer reuse their last episode's analogy of a house to get more people on the same page.

The death benefit, according to Kim, is like a protective roof. Individuals frequently forget about this protection on a daily basis, despite the fact that it has had a significant impact on their lives from the start. Listen in to learn how you can use your death benefit while you're still alive.

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
• Death benefit: A roof of protection - 0:38
• Guaranteed payment for guaranteed event: utilizing death benefits while living - 3:15
• The light bulb moment from reluctant people - 5:08
• Savings as a verb and as a noun - 8:06
• Distribution and payment during the event - 9:03
• Do not make any decisions around death claims upon receiving - 10:54
• A hundred years of emergencies and opportunities - 14:23
• From "what if?" to "what is": set it for your loved ones - 16:29

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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Do you believe that we get more, when we know more? How can we accumulate liquid funds for emergencies and uncertainties?

Kim and Spencer focus their discussion on critical aspects of whole-life insurance. It is, they believe, the foundation of everything. However, it has amassed a number of myths over time. In this episode, Kim and Spencer clarify these misconceptions and reveal the reality of whole life insurance. The discussion concentrates on the first of its two main functions: emergency fund storage.

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/
• Live Your Life Insurance - A book by Kim Butler Show Notes
• The foundation of everything: Whole-life insurance - 1:00
• A Twitter thread from a finance expert: debunking one of his two hard rules - 1:16
• A product that survived over 200 years: delving into its truths - 2:34
• Two parts of whole life insurance - 4:38
• Basing facts on death benefits and failing to understand the living benefit - 5:02
• The variable that causes schism: The Wall Street Game - 7:19
• What happens to our money in the 50s and 60s - 9:42
• Why people are uneducated about whole-life insurance - 10:47
• Look at your sources, feed your mind with correct information - 13:23
• Sharing the truth and the analogy of a house: Living your life insurance - 14:25
• Live your life insurance: Learn more, further your education! - 18:40

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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"Providing" especially for the family, goes way beyond the context of money. Kim and Spencer tackle the different stages of life, particularly the winding-down stage. Time will come where your role as a family provider will end. However, if you own a business that provides a passive income, you can move forward smoothly into the next stage.

Yet, Kim emphasizes you should also pass down wealth beyond money — legacy, vision, lessons, and family tradition. In this episode, Spencer and Kim's conversation revolves around other relevant topics such as death day preparation and celebration of 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/
• Perpetual Wealth Book Show Notes
• The providing part is done: after the battle, what now? - 0:35
• Death day preparation - 2:18
• Why are people not taking care of their death day? - 5:00
• Society needs to engage itself - 7:30
• How to plan your death day? - 9:36

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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Breakthroughs occur when people open their minds for change. What kind of future do you think awaits you?

Kim and Spencer share and reflect on things that may happen in the future, especially with cryptocurrency, insurance, and real estate space. Kim also emphasizes how "change" is one of the driving factors for us to have a brighter tomorrow, especially in the business industry. Technology makes everything move in a fast-paced manner. What you think is an absurd invention today may turn out to be a genius one tomorrow. This episode will help you learn the significance of having a forward thinking mindset and knowing how to achieve your breakthrough in business.

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/
• Rocket Fuel Assessment by Gino Wickman and Mark C. Winters Show Notes
• Setting up the foundation - 0:29
• The cryptocurrency space - 2:06
• Changing the mental model - 3:25
• The day before something is invented, it's a crazy idea - 4:41
• Other foreseen things: blockchain and bitcoin - 6:52
• The forgotten value of a network - 9:55
• Zooming out of the real estate industry - 12:20
• There is no such thing as a bad investment - 15:31
• Massive wealth transfer through business - 16:26
• The future of business - 18:12
• How to figure out the type of business fit for you? - 19:41
• Leaning more towards the entrepreneurial side of service provision - 20:27
• Be involved, change the relationship, and take action - 21:35

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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As another year begins, people challenge themselves to journey through new horizons, new accomplishments. The question is: How great are your goals this 2022?

Kim and Spencer start the year by talking about goals, time-frames, and habit-building as elements of being a true prosperity thinker. We often get overwhelmed by how vast our goals can be. Hence, we perceive these goals as too good to be true. But Kim emphasizes the significance of thinking long-term accompanied by tiny steps in making goals more achievable. It does not matter how small the steps are as long as they are consistent, you will get the results you desire. As Spencer says, "The zeros don't matter, but the habits do."

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/
• Tiny Habits by BJ Fogg - Book Show Notes
• Bringing people along is an obligation as human beings - 0:57
• Long term time preference: a crucial variable in achieving goals - 2:07
• Starting is a significant element of time frame - 4:36
• Things can leave as fast as it arrives - 7:47
• The tiny habits of a prosperity thinker - 8:46

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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We can never get rid of the past. It is what makes us ready to face the present and the future. Therefore, never forget to look back.

Kim and Spencer try to look backward and get a glimpse of their pasts. They say that the experiences and the events that happened have the power to hone your present— stronger and bolder. Kim shares the recent challenge that her business faced and conquered. She teaches listeners the process of up-levelling and appreciating things beyond their physical aspects.

In this episode, their subject also leans on the importance of daily reflection, whether it's bad or good experiences. Incorporating this into our habits can change the way we perceive the past as we move forward towards 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/
• Kolbe - https://www.kolbe.com/ Show Notes
• Look back to the past to improve the present - 0:18
• Up-levelling: appreciating the extra elements and going beyond the physical aspects - 3:08
• The process of reflecting and learning on good and bad experiences - 4:50
• Reflection can alter the past: gratitude despite of adversities - 8:58
• Benefits of adding moments of reflection to daily life - 11:18
• Tapping into the 20th century and why we should build habits - 14:47

Special Listener Gift Free eBook: Financial Planning Has Failed 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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Whenever a new year starts, we hope to gain more prosperity than the previous one. Then, it should be the time to get our assets into place.

Joe Barkate interviews Kim Butler about asset protection. Joe is the current Co-Founder of ASR Alternative Investments and the host of the Cover Your ASSets podcast. In this special bonus episode, you will learn how annuity and life insurance go hand in hand to protect your assets from lawsuits and creditors.

They lay down processes and tips on how to get finances into place. Kim shares the importance of having life insurance to protect your assets from market loss. She also breaks down the true definition of annuity and the process of possessing a "Be Your Own Banker" strategy.

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/
• Connect with Joe Barkate
• The ASR Alternative Investments
• LinkedIn
• Cover Your ASSets Podcast
• Kim Butler's Books
• Perpetual Wealth
• Live Your Life Insurance
• Busting the Life Insurance Lies Show Notes
• Kim Butler's Books - 2:04
• Best Selling Life Insurance Products - 3:00
• What can protect you from the downside of market loss - 5:00
• Be your own banker strategy - 7:00
• Describing what Annuity is - 8:40
• How the long-term care rider works - 11:00
• Why everybody should consider a prominent life insurance - 12:30
• Breaking down the "be your own banker" principle - 13:13
• There are ways to borrow against your cash value - 16:58

Special Listener Gift Free eBook: Financial Planning Has Failed 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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In today's society, exposing and sharing information to the public is a tap away. How strong are your privacy protection for you, your family, and your money?

Kim and Spencer talk about a subject often neglected by many, yet is very important, privacy. They converse why privacy is important and why we should discuss it with our family. In this world, we need to desire humility and be wise with every action that we do, especially in terms of sharing about our assets. Also, they tackle why bragging is not a form of prosperity as well as the issues faced by people due to the convenience brought about by technology in transferring vast amounts of 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 profoundly do people know about privacy? - 0:20
• Asset protection and private assets - 0:51
• Why would someone practice privacy? - 1:45
• Structure of having your life insurance cash flow protected correctly - 4:15
• LLC and layers of privacy - 6:02
• Privacy as a family: talking about finances and getting everybody on the same page - 7:25
• Issues and problems on cryptocurrencies and large sums of money transfer - 8:30
• Bragging is not a form of prosperity - 9:35

Special Listener Gift Free eBook: Financial Planning Has Failed 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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• RSS