The Prosperity Podcast

Best selling author Kim Butler and No B.S. Money Guy Todd Strobel talk about how to choose a life insurance policy. One thing you’ll learn: assets aren’t everything.

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.

Summary:

Best selling author Kim Butler and No B.S. Money Guy Todd Strobel analyze how Single Premium Life Insurance policies may not be the best choice 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:

Kim Butler's book: Live Your Life Insurance

Submit your questions [email protected]

Show Notes:

00:00 Intro

00:45 Topic: Two investors try to make a decision

01:55 Mutual life insurance companies by law must return 100% of their profits to their owners

05:37 Assets can be irrelevant

06:40 Most important to know: Whether a company is mutual or not, and how long they've been in business

08:04 Higher premium equals higher contribution to cash value

09:27 State approved policy design

10:00 Long term, all mutual companies will be the same

11:03 Is there much of a difference on state to state for premiums?

13:17 The three most important things to note

14:21 Does not matter if a company is direct recognition

15:10 Podcast for direct recognition information

15:27 Kim's books: Busting the Life Insurance Lies, Live Your Life Insurance

17:21 Kim doesn't just give answers but teaches you to ask the right questions.

Summary:

Best selling author Kim Butler and No B.S. Money Guy Todd Strobel talk about how to maintain a prosperous mindset when life (or your finances) face inevitable setbacks. Their conversation teaches the importance of always learning, and how you should always remember to take care of yourself so that you can then give to others.

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:

GrowingBolder.com : A website for inspiration

Submit your questions [email protected]

Show Notes:

00:00 Intro

00:33 Life is about second chances

01:16 People's fear of future mistakes

03:00 Go slow and start small, with money and everything else

06:11 Kim's "give first" attitude

08:11 Learning outside of your main area of focus can indirectly help that focus

10:00 "Failure is learning"

12:00 Kim's motto: Just do something

12:43 If you plan, plan effectively

14:11 Focus on the present

14:42 Give yourself time

Best selling author Kim Butler and No B.S. Money Guy Todd Strobel talk about how to maintain a prosperous mindset when life (or your finances) face inevitable setbacks. Their conversation teaches the importance of always learning, and how you should always remember to take care of yourself so that you can then give to others.

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.

Summary:

Best-selling author Kim Butler and No B.S. Money Guy Todd Strobel talk about Prospective Product Bloat, which is the current phenomena of having too many financial planning tools to choose from. They explain how it may be better just to simplify your finances.

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:

Listener gift - Financial Planning Has Failed book and audiobook

Submit your questions [email protected]

Show Notes:

00:00 Intro

00:30 Prospective Product Bloat

00:45 Is complex better or just a sales technique?

01:21 Kim's experience selling these products

02:18 Quick answer: Simple is better

03:50 Example of simplifying

04:33 Question for listeners

06:55 3 Things money should do: Be liquid, grow, create income

08:00 Bridge loan investing

10:30 Concepts should be explainable to a high school student

11:33 The client should drive the meeting

13:24 Find an advisor that will listen to you

Summary:

Best-selling author Kim Butler and No B.S. Money Guy Todd Strobel debate the topic of data harvesting in the financial and health industries. They want to know: how much information is too much? And how is sharing this information helping us personally?

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]

Show Notes:

00:00 Intro

00:50 Computers collect and use information

01:09 How much should financial institutions be able to collect from you?

02:07 Invasive questions

02:39 Cameras determine if you're lying on a loan application

04:00 Financial institutions: products vs. strategy

05:27 Kim wonders if this is too much big brother, or is it valuable?

06:19 Trading information for benefits

07:16 Would less fraud help interest rates?

07:44 Question for Listeners

10:20 Amazon Alexa taking pictures

11:27 We need to find the good in technology

12:31 Opportunity of the block chain

Best-selling author Kim Butler and No B.S. Money Guy Todd Strobel debate the topic of data harvesting in the financial and health industries. They want to know: how much information is too much? And how is sharing this information helping us personally?

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.

No B.S. Money Guy Todd Strobel talks with Rick Randall about why most estate plans don’t work and together they will share a unique 3 step strategy to get your estate plan working for you.

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.

Summary:

No B.S. Money Guy Todd Strobel talks with Rick Randall about why most estate plans don't work and together they will share a unique 3 step strategy to get your estate plan working for you.

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:

National Network of Estate Planning Attorneys - https://nnepa.com

Randall, Gentry & Pike - http://www.lifespanusa.com/

Submit your questions [email protected]

Show Notes:

00:00 Introduction

00:43 Today's topic: Why Most Estate Plans Don't Work

01:37 The 3 step strategy to get your estate plan to work for you

03:05 You have to do two things to make a plan work

03:44 The "snapshot test"

05:25 Wisdom as well as wealth

07:15 If you already have a trust make sure you already have these things in place

10:15 How to find an attorney you are comfortable with

13:44 Does an irrevocable trust mean it can't be fixed in the future?

16:05 Implementing the 3 step strategy for your estate plan

Summary:

No B.S. Money Guy Todd Strobel talks with Rick Randall about estate planning for people with modest means of wealth. Together they will address the cost of doing a trust the wrong way and who needs to have a trust created.

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:

Randall, Gentry & Pike - http://www.lifespanusa.com/public/default.asp

Submit your questions [email protected]

Show Notes:

00:00 Introduction

00:38 Today's topic: Planning For People With Modest Means

01:40 How Rick came up with the Modest Means program

03:29 Why trusts are for everyone and not just the wealthy

04:14 Is it wise to purchase a trust kit online or should you meet with an attorney?

06:21 The cost of doing a trust the wrong way

09:44 Why people are putting off estate planning

15:59 Do you need an estate plan if you have less than $5 million?