In this episode Kim and Todd go through a life insurance quiz where they talk about the differences between universal life and whole life and some of the more technical details inside the life insurance industry.

Tune in with Kim D.H. Butler and No B.S. Money Guy Todd Strobel 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 transcriptions and additional information of this episode go to http://partners4prosperity.com/category/podcast

Special Listener Gift

• Free eBook: Financial Planning Has Failed

Show Notes

• 1:21 - Kim begins sharing her answers to the quiz
• 2:45 - Converting to whole life and how you can do it
• 7:47 - What endowment means with life insurance
• 9:45 - Understanding the differences between universal life and whole life
• 12:15 - Who owns the cash value on whole life policies?
• 15:02 - Hear why Kim doesn't like this type of policy
• 22:04 - This type of policy would be best used when the need for protection declines
• 33:28 - What happens when a policy covers two lives but only pays when the second insured person dies?

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Patrick Donohoe talks with Todd Strobel about his perspective of the economy right now and how we should open our eyes to discover a lot of opportunities amidst this current disruption we are in. This is a special episode that's sure to pique your interest.

Tune in with Kim D.H. Butler and No B.S. Money Guy Todd Strobel 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 transcriptions and additional information of this episode go to http://partners4prosperity.com/category/podcast
• Connect with Patrick
• • https://paradigmlife.net/about/patrick-donohoe
  • https://www.linkedin.com/in/paradigmlife
  • www.thewealthstandard.com
• https://www.amazon.com/Simon-Sinek/e/B002CB2SDC

Special Listener Gift

• Free eBook: Financial Planning Has Failed

Show Notes

• 1:12 - Where Patrick see's the economy right now
• 4:28 - Don't be paralyzed and be prepared
• 5:50 - Alternative investments to look at
• 7:42 - If you were starting over from scratch where would you go for information?
• 11:23 - We are amidst a disruption with a lot of opportunity if people open their eyes
• 14:04 - Where to put extra money to outpace inflation
• 15:25 - Find out what you love doing, not what you have to do to pay your bills
• 17:37 - Why retirement doesn't work
• 18:39 - Patrick discovered something he didn't want in his business
• 21:17 - A different way to look at the 401k
• 23:30 - The alternatives to a 401k
• 25:10 - How to catch up when you don't feel prepared in your 50's
• 28:20 - Advice for passing wealth to the next generation
• 32:12 - Leave a legacy

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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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If you're thinking about retiring and factoring in the cost of living, taxes, environment and recreation this is the podcast to pay special attention to. Your hosts Kim and Todd talk about the top 25 cheapest cities places to retire.

Tune in with Kim D.H. Butler and No B.S. Money Guy Todd Strobel 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 transcriptions and additional information of this episode go to http://partners4prosperity.com/category/podcast
• https://www.cbsnews.com/media/25-cheapest-places-to-retire/3

Special Listener Gift

• Free eBook: Financial Planning Has Failed

Show Notes

• 3:18 - Bakersfield, CA
• 4:15 - St. Louis, MO
• 4:50 - Gainesville, FL
• 5:14 - Columbia, SC
• 6:18 - Phoenix, AZ
• 6:54 - Austin, TX
• 7:36 - Dallas, TX
• 8:43 - Greenville, SC
• 9:47 - Pensacola, FL
• 10:20 - Sioux Falls, SD
• 11:20 - Ann Arbor, MI
• 12:02 - Fremont, CA
• 12:52 - Tulsa, OK
• 13:22 - Salem, OR
• 14:13 - Madison, WI
• 14:38 - Kansas City, MO
• 15:13 - Rochester, NY
• 15:51 - Salt Lake City, UT
• 16:30 - Omaha, NE
• 17:07 - Albuquerque, NM
• 17:47 - Mobile, AL
• 18:49 - Tucson, AZ
• 19:14 - Oklahoma City, OK
• 19:39 - San Antonio, TX
• 20:15 - Athens, GA

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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• Click here to subscribe with RSS

Kim and Todd talk about a recent AARP article: When a Con Man Calls. They discuss the top scams and fraud that get people in hot water and how you can avoid getting duped.

Tune in with Kim D.H. Butler and No B.S. Money Guy Todd Strobel 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 transcriptions and additional information of this episode go to http://prosperitythinkers.com/category/podcast
• https://www.aarp.org/money/scams-fraud/info-2017/imposter-scams-con-man.html

Special Listener Gift

• Free eBook: Financial Planning Has Failed

Show Notes

• 0:33 - AARP article: When a Con Man Calls
• 2:17 - Scam #1 - Courthouse calling
• 3:09 - Scam #2 - Winning the lottery
• 4:25 - Scam #3 - Puppy breeder
• 6:05 - Scam #4 - Dr. representative
• 7:06 - Scam #5 - Utility scam
• 8:26 - Scam #5 - Police and Fire donations
• 11:04 - Scam #6 - Unclaimed property
• 12:17 - Scam #7 - IRS scam
• 12:57 - Scam #8 - Ticket seller
• 13:36 - Scam #9 - Long distance lover
• 14:07 - Scam #10 - Verify bank information
• 15:04 - Scam #11 - Military representative
• 15:38 - The one scam that almost got Kim

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• Click here to subscribe with RSS

Warren Buffett is known as one of the world's most successful investors and in this episode Kim and Todd cover a recent article from US News called: 9 Investing Steps from Warren Buffett's Playbook. Tune in with Kim D.H. Butler and No B.S. Money Guy T