The Prosperity Podcast

Today's episode is a listener question from Chris where he's asking if it makes sense to buy a car using a life insurance policy. Kim Butler and No B.S. Money Guy Todd Strobel address this question to help listeners understand their best options.

Tune in 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 in this Episode:

Submit your questions: [email protected]

eBook: Financial Planning Has Failed

Show Notes:

00:00 Intro

01:35 Understand the car loan interest rate

02:13 The 3 components to understand in this listener question

04:15 The best thing to do with the down payment.

06:25 If you already have an emergency fund here's what to do next.

08:12 How to make your car loan least expensive as possible

11:48 Mutual life insurance companies vs typical whole life companies

Today’s episode is a listener question from Chris where he’s asking if it makes sense to buy a car using a life insurance policy. Kim Butler and No B.S. Money Guy Todd Strobel address this question to help listeners understand their best options.

Tune in 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 in this Episode:

Submit your questions: [email protected]

eBook: Financial Planning Has Failed

Show Notes:

00:00 Intro

01:35 Understand the car loan interest rate

02:13 The 3 components to understand in this listener question

04:15 The best thing to do with the down payment.

06:25 If you already have an emergency fund here’s what to do next.

08:12 How to make your car loan least expensive as possible

11:48 Mutual life insurance companies vs typical whole life companies

Kim Butler and No B.S. Money Guy Todd Strobel share financial wisdom that's mentioned in a June article from The Penny Hoarder titled "10 Things We Learn From Our TV Dads".

Tune in 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 in this Episode: Submit your questions: [email protected] eBook: Financial Planning Has Failed The Penny Hoarder article: "10 Things We Learn From Our TV Dads"

Show Notes: 00:00 Intro 00:56 Article "10 Things We Learn From Our TV Dads" 01:21 Mike Brady from Brady Bunch "Look and don't get took": The importance of Due Diligence 03:57 Homer Simpson "Work hard to get what you want, now be quiet while I play the lottery." 04:55 One of the biggest myths out there: That you can get something for nothing 05:32 Find work that you love and more into life, so you can get more out of life 06:07 Get in the habit of saving money, look into Stash.com 06:53 Tony Soprano from Sopranos "How to be a more effective boss (mafia style)-- buy land" 08:17 Danny Clutter of Full House "You have to move on in life" 11:07 Ward Cleaver from Leave It To Beaver "When you make a mistake admit it. If you don't, you only make matters worse," 13:07 Louis C.K. "The only time you look in your neighbor's bowl is to make sure that they have enough. You don't look in your neighbor's bowl to make sure you have as much as them." 15:38 Creating an emergency and opportunity fund 17:55 Ned Stark "Winter is coming. In the winter, we must protect ourselves, look after one another." 20:38 Walter White "You can have anything you want if you're willing to work for it." 23:50 Don Draper "Change is neither good or bad, it simply is."

Kim Butler and No B.S. Money Guy Todd Strobel share financial wisdom that’s mentioned in a June article from The Penny Hoarder titled “10 Things We Learn From Our TV Dads”.

Tune in 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 in this Episode:

Submit your questions: [email protected]

eBook: Financial Planning Has Failed

The Penny Hoarder article: “10 Things We Learn From Our TV Dads

Show Notes:

00:00 Intro

00:56 Article “10 Things We Learn From Our TV Dads”

01:21 Mike Brady from Brady Bunch “Look and don’t get took”: The importance of Due Diligence

03:57 Homer Simpson “Work hard to get what you want, now be quiet while I play the lottery.”

04:55 One of the biggest myths out there: That you can get something for nothing

05:32 Find work that you love and more into life, so you can get more out of life

06:07 Get in the habit of saving money, look into Stash.com

06:53 Tony Soprano from Sopranos “How to be a more effective boss (mafia style)-- buy land”

08:17 Danny Clutter of Full House “You have to move on in life”

11:07 Ward Cleaver from Leave It To Beaver “When you make a mistake admit it. If you don’t, you only make matters worse,”

13:07 Louis C.K. “The only time you look in your neighbor’s bowl is to make sure that they have enough. You don’t look in your neighbor’s bowl to make sure you have as much as them.”

15:38 Creating an emergency and opportunity fund

17:55 Ned Stark “Winter is coming. In the winter, we must protect ourselves, look after one another.”

20:38 Walter White “You can have anything you want if you’re willing to work for it.”

23:50 Don Draper “Change is neither good or bad, it simply is.”

The way you do finances may not be the same way your parents did it. Let best-selling author and financial planner Kim Butler and No B.S. Money Guy Todd Strobel tell you the top ten tricks to financial prosperity in today's world.

Tune in 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 in this Episode: Submit your questions: [email protected] eBook: Financial Planning Has Failed

Show Notes: 00:00 Intro 00:35 Article: "Ten Pieces of Financial Advice I Wish I Knew In My Twenties" 01:16 Financial memory is 7 years 01:30 1. Report your rent to the credit bureau (as the renter) 02:43 2. Learn how to use a credit card the right way 04:29 3. Don't inquire unless you know for sure 05:40 4. Build your credit 07:23 5. You don't have to be rich to invest 09:04 6. Save enough for rainy days 09:40 Saving creates peace of mind 11:10 7. Hold off on buying a car 13:23 8. Beware of predatory lending 14:59 9. Stop spending money on socializing 16:16 Listener gift: Financial Planning Has Failed 17:01 10. Harder to get out of a hole than in it

To achieve prosperity means more than to just have money. In this episode, best selling author Kim Butler and No B.S. Money Guy Todd Strobel outline the Five Faces to Prosperity. These are the old-school values to Prosperity Economics that have continued to define the movement. Learn what it takes to live a harmonious life in just 18 minutes.

Tune in 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 in this Episode: Submit your questions: [email protected] Book Recommendation: Cracking the Camouflage Ceiling

Show Notes: 00:00 Intro 00:36 Old School Principles: The Five Faces of Prosperity 01:34 We believe in harmony 03:37 The first face 06:17 The second face 06:36 Everything begins with mindset 08:05 The third face 09:15 Add to your physical life, don't subtract 11:51 The fourth face 12:31 Social Capital & The Four Habits 13:51 The fifth face 14:44 Cracking the Camouflage Ceiling 15:48 Hawthorne Publishing hawthornepub.com 16:11 Spirituality is important 17:25 Give first attitude

Welcome to the 212th episode of the Prosperity Podcast! In this episode, best selling author Kim Butler and No B.S. Money Guy Todd Strobel talk about the five biggest financial mistakes that startups make according to David Ehrenberg. Find out how to avoid these mistakes to maximum your cash flow and ensure the success or your small business.

Tune in 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 in this Episode: Submit your questions: [email protected] Article: The Five Giant Financial Mistakes that Startups Make

Show Notes: 0:00 Intro 00:57 Starting up a Business 01:15 So Many Tools are Available for Starting up a Small Business like a Big Business 03:25 The Five Giant Financial Mistakes that Startups Make 03:44 Mistake #1: Miscalculating Your Cash Burn Rate 06:21 Mistake #2: Not Completely Understanding Your MarketPlace 10:00 The Importance of Pricing Effectively 11:06 Mistake #3: Hiring and Expanding too Quickly 13:07 Mistake #4: Making Bad Hires 14:12 Mistake #5: Doing Your Own Finances (When You Have No Training)

Welcome to the 212th episode of the Prosperity Podcast! In this episode, best selling author Kim Butler and No B.S. Money Guy Todd Strobel talk about the five biggest financial mistakes that startups make according to David Ehrenberg. Find out how to avoid these mistakes to maximum your cash flow and ensure the success or your small business.

Tune in 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 in this Episode:

Submit your questions: [email protected]

Article: The Five Giant Financial Mistakes that Startups Make

Show Notes:

0:00 Intro

00:57 Starting up a Business

01:15 So Many Tools are Available for Starting up a Small Business like a Big Business

03:25 The Five Giant Financial Mistakes that Startups Make

03:44 Mistake #1: Miscalculating Your Cash Burn Rate

06:21 Mistake #2: Not Completely Understanding Your MarketPlace

10:00 The Importance of Pricing Effectively

11:06 Mistake #3: Hiring and Expanding too Quickly

13:07 Mistake #4: Making Bad Hires

14:12 Mistake #5: Doing Your Own Finances (When You Have No Training)

Tweetables:

 

Get Your Prosperity Accelerator Pack Today! Sign up to receive our ebook, Financial Planning Has FAILED as part of your free Prosperity Accelerator Pack now.

Join best-selling author Kim Butler and No B.S. Money Guy Todd Strobel in this episode of the the Prosperity Podcast as they discuss the financial challenges that millennials, and really many generations face. Find out what solutions they have for problems like student debt, financial illiteracy and stagnant wages, and how they differ from popular opinions and mainstream media.

Tune in 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 in this Episode: Submit your questions: [email protected] eBook: Financial Planning Has Failed Credit help: NationalCreditCare.com Article: How Millennials Can Overcome their Six Biggest Financial Obstacles

Show Notes: 0:00 Intro 00:24 How Millennials Can Overcome their Six Biggest Financial Obstacles 02:08 Challenge #1: Millennials are Financially Illiterate 05:38 Solution: Get An Auto-Didactic (Self Taught) Education in Personal Finance 08:35 Solution: Get Help With Your Education 10:45 Challenge #2: Millennials are Financially Fragile 12:42 Challenge #3: Millennials are Burdened with Student Loan Debt 13:32 Why You Might Not Want to Pay Down Student Loan Debt as Fast as Possible 15:00 Solution: Skip College? Maybe Not, But Consider Postponing 16:26 Challenge #4: Millennials Wages are Stagnant 18:26 Kim's Solution: Learn to Save, Live on Your Salary 17:04 Articles Solution: Negotiate for a Higher Salary, Look for a Higher Paying Job 19:44 Challenge #5: Rising Rents Eat up a Burdensome Amount of Millennial's Income 20:32 Kim's Solution: Get a Cheaper Apartment, a Second Job, or a Roommate 21:08 Article's Solution: Move Somewhere Cheaper 22:28 Challenge: Fewer and Fewer Millennials are Becoming Full-Time Entrepreneurs 23:03 Solution: Do Both 23:40 Pursue an Entrepreneurial Thought Process

Join best-selling author Kim Butler and No B.S. Money Guy Todd Strobel in this episode of the the Prosperity Podcast as they discuss the financial challenges that millennials, and really many generations face. Find out what solutions they have for problems like student debt, financial illiteracy and stagnant wages, and how they differ from popular opinions and mainstream media.

Tune in 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 in this Episode:

Submit your questions: [email protected]

eBook: Financial Planning Has Failed

Credit help: NationalCreditCare.com

Article: How Millennials Can Overcome their Six Biggest Financial Obstacles

Show Notes:

0:00 Intro

00:24 How Millennials Can Overcome their Six Biggest Financial Obstacles

02:08 Challenge #1: Millennials are Financially Illiterate

05:38 Solution: Get An Auto-Didactic (Self Taught) Education in Personal Finance

08:35 Solution: Get Help With Your Education

10:45 Challenge #2: Millennials are Financially Fragile

12:42 Challenge #3: Millennials are Burdened with Student Loan Debt

13:32 Why You Might Not Want to Pay Down Student Loan Debt as Fast as Possible

15:00 Solution: Skip College? Maybe Not, But Consider Postponing

16:26 Challenge #4: Millennials Wages are Stagnant

18:26 Kim's Solution: Learn to Save, Live on Your Salary

17:04 Articles Solution: Negotiate for a Higher Salary, Look for a Higher Paying Job

19:44 Challenge #5: Rising Rents Eat up a Burdensome Amount of Millennial's Income

20:32 Kim's Solution: Get a Cheaper Apartment, a Second Job, or a Roommate

21:08 Article's Solution: Move Somewhere Cheaper

22:28 Challenge: Fewer and Fewer Millennials are Becoming Full-Time Entrepreneurs

23:03 Solution: Do Both

23:40 Pursue an Entrepreneurial Thought Process