The Prosperity Podcast

We discuss why borrowing against your whole life insurance too often, too soon and too much might not be a good idea.

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 Economics 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 http://partners4prosperity.com/category/podcast

Show Notes

• Borrowing to invest - 0:55
• How to use your emergency fund - 1:22
• Being conscious of what we are borrowing for - 1:58
• Eliminating your emergency fund - 2:33
• Being patient to get better results - 4:50
• Getting assets to continue growing - 7:30
• Finding cash flow deals - 7:50
• The emergency number is zero - 8:34
• An emergency and opportunity fund - 9:40
• What the emergency fund is for - 10:03
• Adding opportunities to our way of thinking - 10:44
• Prosperity thinking and prosperous mindset - 11:06
• Get in touch with Kim and Spencer - 12:48

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 hereSubscribe on your favorite podcast player to get the latest episodes.

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Technology is evolving at an exponential rate, nowadays the subject of adapting to this changing landscape proves to be more relevant than ever, that why on today's episode, Kim and Spencer talk about how we can automate things in our lives to make it more fulfilling, easier, and prosperous.

Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances 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 http://partners4prosperity.com/category/podcast
• https://www.expensifythis.com/
• https://www.amazon.com/Live-Your-Life-Insurance-Butler/dp/1441486895

Show Notes

• Innovative thinkers in the world - 0:38
• Technologically oriented - 1:26
• Reverse mentorship - 1:44
• Using Expensify - 2:09
• An idea-capturing machine- 4:23
• Automatic reminders on your phone - 5:36
• The coolest things about podcasts - 5:50
• The whole life insurance - 6:55
• Automate saving money as a habit - 7:53
• If you want good results - 9:23
• Dividends first in Life Insurance - 10:39
• Mutual Life Insurance Companies - 11:13
• Get in touch with Kim Butler - 13:26
• Kim's book: Live Your Life Insurance - 14:36

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.

• Click here to subscribe with iTunes
• Click here to subscribe with Stitcher
• Click here to subscribe with RSS

The challenges of old age will be the topic of this new episode of the Prosperity Podcast as Kim and Spencer talk about what happens when you or your family members start to get older and attempt to answer the question: is it possible to reverse the aging process?

Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances 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 http://partners4prosperity.com/category/podcast
• https://www.seniorliving.org/basics/corporateseniorcare/seniors-helping-seniors/
• https://www.padsplit.com/
• https://www.udacity.com/

Show Notes

• Ideas of a futurist - 0:49
• Senior living and elderly care - 1:17
• Surpassing previous life expectancy - 1:30
• Headsets that help the elderly come alive - 1:53
• Tools that can help the elderly - 3:28
• Transforming elderly life - 4:05
• Seniors Helping Seniors - 5:05
• The Padsplit App - 5:40
• Decreasing the cost of living for seniors - 6:47
• Families need savings - 7:05
• Keep working - 7:14
• Using Udacity for seniors - 7:54
• Find the work that you love doing - 8:34
• Human beings were made to work - 9:00
• Getting paid for what you love - 10:00
• A long term guaranteed product - 11:30
• Control, Liquidity, Use, and Equity - 12:38
• What's the opposite of whole life insurance? - 14:10
• Let's live a life that's alive - 14:50

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.

• Click here to subscribe with iTunes
• Click here to subscribe with Stitcher
• Click here to subscribe with RSS

On this new episode Kim and Spencer address a community question, is it worth to take a pay cut in order to be happier? while also analyzing all the implications surrounding this decision.

Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances 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 http://partners4prosperity.com/category/podcast
• https://www.amazon.es/Busting-Interest-Rate-Lies-Discover/dp/0991305418

Show Notes

• A bad question - 0:39
• Understanding the concept of pay cut - 0:42
• What a pay cut feels like - 1:13
• Stop watching TV - 1:26
• Changing your job - 3:09
• Increasing your income - 3:50
• Providing more value in the market place - 3:57
• The importance of mindset - 6:34
• Useful books to work on your mindset - 6:41
• The way that we learn - 8:49
• Learning through virtual reality - 9:54
• What makes podcasts amazing - 11:38
• Teaching financial advisors about personal finances - 13:00
• Time, rate, present value, future value and payment - 13:32
• Encouraging people to learn more about personal finances -15:38
• The challenge of personal finances- 17:00
• Kim recommends the ebook: Busting the interest rate lies - 17:20

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.

• Click here to subscribe with iTunes
• Click here to subscribe with Stitcher
• Click here to subscribe with RSS

How to get to the next level? finding the right mentor to guide you could be the key, that's why on today's episode we listen to Kim share some wonderful wisdom about choosing the right people to provide you with the tutelage you need to achieve your goals and how doing so can be the difference between success and failure.

Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances 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 http://partners4prosperity.com/category/podcast

Show Notes

• The importance of getting help - 0:37
• Coaching for almost 25 years - 0:53
• Helping people with their finances - 1:24
• A coach and mentor - 1:58
• The mindset impacts everything - 2:27
• When to ask for help? - 3:00
• First coaching experience - 5:30
• Can't afford a coach? - 8:55
• Finding a mentor - 11:32
• The importance of learning - 12:57
• Get in touch with Kim - 14:37
• Learning about finances - 15:16

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.

• Click here to subscribe with iTunes
• Click here to subscribe with Stitcher
• Click here to subscribe with RSS

How to help our children save? on this episode Kim and Spencer go deeper into the topic of savings in an attempt to illustrate the importance of promoting this practice in our youth, if you've ever had any doubts about how to properly save or why you should even save at all, then this episode has your name written all over it.

Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances 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 http://partners4prosperity.com/category/podcast

Show Notes

• A prevalent conversation - 1:09
• A mutual friend: Caleb Williams - 1:52
• Helping the youth save - 2:26
• Benefits of late gratification - 4:04
• Late gratification on savings - 5:22
• A young Kim and the idea of saving - 7:30
• The first person to pay - 9:21
• Saving 20% of your income - 9:51
• What is not saving? - 11:11
• Developing the habit while young - 12:24
• Saving saves families - 13:19
• Get in touch with Kim Butler - 14:42

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.

• Click here to subscribe with iTunes
• Click here to subscribe with Stitcher
• Click here to subscribe with RSS

What happens when you become uninsurable? On this episode, Kim and Spencer discuss the importance of savings, the opportunities that doing so creates and the possible consequences of avoiding it, all from the perspective of a real-life example in the form of Jeff's story.

Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances 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 http://partners4prosperity.com/category/podcast

Show Notes

• Jeff's story - 1:00
• Serious medical diagnosis - 1:49
• Understanding cheap term insurance - 3:11
• One of the best ways to save - 4:24
• Saving creates opportunity - 4:52
• Don't worry about the past - 6:13
• Avoid budgeting - 7:31
• Remember to save first! - 9:14

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.

• Click here to subscribe with iTunes
• Click here to subscribe with Stitcher
• Click here to subscribe with RSS

On this episode we listen to Kim and Spencer talk about an interesting piece of literature they've read titled "I just got fired, the importance of savings" and the lessons they wish to underline related to the importance of savings.

Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances 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 http://partners4prosperity.com/category/podcast

Show Notes

• 11,300 views in 24 days - 2:35
• Savings on an emotional level - 3:22
• Cash flow issues - 5:28
• The importance of having savings - 5:57
• Life Insurance Policy for emergencies - 7:00
• What happens if you have a Life Insurance Policy? - 8:02
• Financial Savings Account V.S. Life Insurance Savings Account - 10:29
• Get in touch with Kim - 11:12

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.

• Click here to subscribe with iTunes
• Click here to subscribe with Stitcher
• Click here to subscribe with RSS

We are here to help you, that's why on this episode Kim and Spencer take two listener's questions related to cash value life insurance and the criteria for using it for investing, and attempt to answer them in an original and captivating way.

Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances 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 http://partners4prosperity.com/category/podcast
• https://www.amazon.com/Busting-Interest-Rate-Lies-Discover-ebook/dp/B01DX0JP6I

Show Notes

• The first listener's question - 1:25
• Cash flow investing - 1:32
• Watching our time frames when investing - 2:24
• Making cash flow investments - 3:28
• Borrowing and Investing - 4:37
• The opportunity costs of investment fees - 6:15
• The second listener's question - 7:28
• Obtaining passive income - 8:23
• Understanding passive income - 9:40
• Growth vs. income - 12:10
• Creating income from assets - 12:19
• Kim´s book suggestion : busting the interest rate lies - 15:18

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.

• Click here to subscribe with iTunes
• Click here to subscribe with Stitcher
• Click here to subscribe with RSS

What's the relationship between growth and income like? on this episode, Kim and Spencer share their views on growth and income investments, discussing the differences between the two as well as gambling categories.

Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances 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 http://partners4prosperity.com/category/podcast

Show Notes

• Over twenty types of investments - 0:42
• The two primary types - 0:52
• Growth or income creation - 1:51
• A definition of growth - 2:10
• The importance of creating income - 4:50
• The income-producing investments - 6:51
• Income investment examples - 8:14
• Go slow and start small - 11:11

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.

• Click here to subscribe with iTunes
• Click here to subscribe with Stitcher
• Click here to subscribe with RSS