The Prosperity Podcast

The retirement phase of life is more complicated than you think. In this podcast, Kim and Spencer dive into the specific situation when people fall into the retiree lifestyle continually facing the challenge of what to do with their new found "free days".

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

Special Listener Gift

• Free eBook: Financial Planning Has Failed

Show Notes

• The definition of "free day" according to Strategic Coach - 1:22
• Focus days and buffer days - 2:33
• Addressing the necessary items versus the fun stuff - 5:47
• Why Kim separates free days from vacations - 8:15
• Understanding retirees' obligations - 9:59
• Kim's retirement time system -12:08

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In this listener question episode you'll hear if it's better to get a home equity loan or refinancing a property. With the current marketplace of low rates and high speculation this is for sure a dicey topic.

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

Special Listener Gift

• Free eBook: Financial Planning Has Failed

Show Notes

• Get a home equity loan or refinancing the property? - 1:38
• Kim explains the details of a home equity loan - 1:55
• Are you solving a long-term problem with a short-term solution? - 3:43
• Understanding mortgages - 4:48
• Borrowed money requires payments - 5:32
• What "liquidity" means in this case - 6:55
• Kim tells us the importance of thinking carefully- 11:50

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In this podcast, Kim and Spencer talk about direct recognition versus non-direct recognition: Two different ways of charging for loans.

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

Special Listener Gift

• Free eBook: Financial Planning Has Failed

Show Notes

• How a life insurance company charges for loans: direct recognition and non-direct recognition - 1:00
• Kim talks about direct recognition: the loan will be affecting the dividend - 1:40
• A positive effect of borrowing cash value - 2:20
• Kim explains to us what is non-direct recognition: doesn't impact the dividend - 3:30
• Kim tells us that life insurance companies don't check credits - 6:46
• What's the best thing to do to take the next step?: always learn, learn, learn - 7:35
• Kim shares with us a special email for the podcast listeners - 8:25

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Have you ever wondered what happens at the life insurance medical and how to prepare for the exam? Join Kim and Spencer as they walk you through the life insurance medical and what you should expect from it.

In in this occasion, you will find out what you can do to be the master of your finances with Life Insurance Medical! Do you have a question we can talk about it on the show? Go and share it with us at [email protected]. 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

Special Listener Gift

• Free eBook: Financial Planning Has Failed

Show Notes

• What to expect at the life insurance medical - 1:38
• When they may do an ECG - 2:20
• The process of getting a life insurance physical - 2:59
• What actually affects your longevity - 7:11
• Questions you can prepare for by yourself - 7:30
• What happens in a life insurance exam - 8:53
• What your Life Insurance is going to do for you - 9:09
• Using the death benefit and how it applies to you - 10:52
• How life insurance is a savings account - 12:40
• Why life Insurance is boring, but effective - 13:30

Review and Subscribe

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In this podcast, Kim and Spencer talk about the different types of capital in our life. They tell us that there is more than financial capital, there are other two types of capital that affect our financial one: the mental and the relationship capital.

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

Special Listener Gift

• Free eBook: Financial Planning Has Failed

Show Notes

• They talk about the "mental capital" - 1:06
• Mental capital: what you have in your thinking every single day - 1:16
• Kim tells us the importance of thinking in your thinking - 3:39
• Kim shares with us her "airplane story" as an example of mental capital - 4:11
• The relationship capital - 8:06
• They talk about the financial capital - 10:23
• How relationship capital and mental capital affect financial capital - 10:28
• The importance of our thought - 14:04

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When you apply emotions to finance you often open yourself up for a disaster. Today you'll hear why education is one of the antidotes to risk and how you can avoid loses in the future following some simple principles.

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

Special Listener Gift

• Free eBook: Financial Planning Has Failed

Show Notes

• The more that you learn, the less risk there is - 1:32
• Risk as a propensity for loss - 1:44
• The number one rule for investments - 2:48
• Emotions are what scare people - 3:09
• Is the risk in the investor? - 4:00
• The abundance mindset of an investor- 9:38
• Spencer tells us that we need to play smart - 10:36

Review and Subscribe

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Kim and Spencer talk about the easiest changes that make the biggest financial differences in your life.

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.reddit.com/r/personalfinance/comments/8t9iqt/what_are_the_easiest_changes_that_make_the/

Special Listener Gift

• Free eBook: Financial Planning Has Failed

Show Notes

• You need to set up automatic payments and automatic transfers - 1:29
• Having two savings accounts - 2:31
• Spencer talks about his kid's bank accounts - 3:00
• Review all your monthly subscriptions and cancel any you have debts on - 4:49
• Kim talks about paying things monthly - 7:14
• Investing in your health is an important thing to do - 8:11
• The importance of figuring out your own values - 9:15
• Stop eating out! - 9:38
• Be aware of how much money you are monthly spending on eating out - 11:40
• Kim talks about the "And" mentality - 13:20
• The "bonuses" help families save money -14:30
• Kim recommends us a book that will help us on this topic - 17:17

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If you're wondering what the real relationship should be between an IRA and Real Estate this is the episode for you. Kim and Spencer take a listener question where they explain the priority between the two and talk about the tax implications.

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

Special Listener Gift

• Free eBook: Financial Planning Has Failed

Show Notes

• Kim explains why an IRA is the first thing we should die with - 1:19
• Kim tells us the pay down on an IRA - 2:26
• Why Real Estate has a good an efficient tax law - 3:29
• Kim talks about the Real Estate and the IRA relationship - 4:00
• IRA Tax law - 5:14
• Where do you want the tax benefit? - 6:18
• Spencer tells us two things that we can not avoid - 6:55
• Real Estate transactions and transactions with an IRA using bridge loans- 8:49
• Kim gives us a prosperity tip: Think about your finances! - 11:05

Review and Subscribe

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One of the most debated topics in 2018: 70% of millennials regret buying their homes. Kim and Spencer explain to us why.

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

Special Listener Gift

• Free eBook: Financial Planning Has Failed

Show Notes

• Millennials are regretting paying the downpayment on a home - 1:21
• Kim explains to us a big issue on this topic - 2:06
• Borrowing to get cash value - 2:29
• The Third Principle of Prosperity - 3:50
• Spencer tells us a Prosperity tip: the "from" versus "against" - 4:33
• Kim talks about the frustration of buying a home - 5:30
• The true value of what you are paying to our home by using the truth concepts and calculators - 6:48
• The final regret that millennials have - 7:24
• Underestimating the homeownership - 8:00
• Kim recommends to us: save first! - 9:09
• Another prosperity tip: Focus on your savings! - 10:01

Review and Subscribe

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Kim and Spencer talk about life insurance. They also talk about an important question: Should we buy a life insurance from our car insurance agent?

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

Special Listener Gift

• Free eBook: Financial Planning Has Failed

Show Notes

• Kim tells us if we should buy a life insurance from the car insurance agent - 0:42
• Life insurance and car insurance - 1:37
• What is permanent life insurance - 2:12
• Some car agents don't have the knowledge in whole life insurance - 3:56
• How to know if a car insurance agent is qualified? - 4:30
• Why people use car insurance agents for life insurance? - 6:28
• What are the things that a whole life insurance agent can do for you? - 6:46
• Use life insurance death benefit while you are living - 9:38
• Differences between a car insurance agent and a financial advisor - 10:40
• What can do a financial planner - 11:50

Review and Subscribe

If you like what you hear please leave a review by clicking here

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