The Prosperity Podcast

Summary:

Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel talk about different problems with pensions and answer listener questions. In this episode they talk about the changing timetables with pensions and what to do to protect and build your wealth.

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:

Free ebook - www.partners4prosperity.com/ebook

Listener gift - Financial Planning Has Failed book and audiobook

Submit your questions [email protected]

Show Notes:

00:00 Introduction

00:31 Today's topic: Problems with Pensions

01:19 Understanding defined contribution plans

03:55 Explaining older style defined benefits plans

04:38 The history of pensions

07:10 How underfunded pensions are affecting all of us

10:38 Pension funds changing timetables and payments

11:21 The best way to get good results with your finances is to take care of them yourself

12:50 The 3 legged stool of: Social Security, Pensions and Savings

14:58 Gift for listeners: Financial Planning Has Failed book and audiobook

16:06 Listener question #1 - Start now or later to draw from your pension?

18:56 Listener question #2 - Taking a lower amount or higher amount from a pension to protect your spouse?

Summary:

Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel take on a listener question where Ben asks if one should use a policy loan to pay for a vacation and other expenses.

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:

Free ebook - www.partners4prosperity.com/ebook

Book recomendation - Live Your Life Insurance

Submit your questions [email protected]

Show Notes:

00:00 Introduction

00:32 Today's topic: Listener Question

02:17 Here's what to do if you truly want to be your own bank

04:08 Why it's important to be borrowing to invest no borrowing for consumption

06:41 Using convertible term policies

09:00 The typical rate of return for dividends on an insurance company

10:30 Book recomendation: Live Your Life Insurance

11:38 Easiest way to start saving 20% of your gross

13:29 Save 10% more by looking at your taxes or creating a home based business

Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel take on a listener question where Ben asks if one should use a policy loan to pay for a vacation and other expenses.

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 co-host No B.S. Money Guy Todd Strobel review a case study of an accredited investor. This case study is of a 60 year old doctor with a salary of $175,000 and has CD's, savings and other investments.

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:

Free ebook - www.partners4prosperity.com/ebook

Submit your questions [email protected]

Show Notes:

00:00 Introduction

00:30 Today's topic: Accredited Investor Case Study

01:25 Cashflow issues don't go away - they just get bigger zeros

02:29 Do your expenses really go down when you retire?

03:28 Case study: 60 year old doctor with a salary of $175k

04:38 Applying the 7 Principles of Prosperity

05:44 The mantra - Go slow and start small

07:57 Getting CD's and cash to create income

11:39 What happens when interest rates go up?

14:49 Is it crazy to buy insurance when you're 60?

17:06 What to do if you can't qualify for life insurance?

18:37 Giving life insurance policies to children

19:22 What to do if you're concerned with the stock market?

21:26 The biggest fear can be inflation

22:28 How much time does a person need to invest in this process?

Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel review a case study of an accredited investor. This case study is of a 60 year old doctor with a salary of $175,000 and has CD’s, savings and other investments.

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 co-host No B.S. Money Guy Todd Strobel cover a case study from a listener that we'll call CY. Kim and Todd talk about different options and strategies for a 40 year old female that is a medical professional who owns her own 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:

Free ebook - www.partners4prosperity.com/ebook

Submit your questions [email protected]

Show Notes:

00:00 Introduction

00:29 Today's topic: Crisis of Conscience

01:18 Todd explaining CY's background and finances

06:35 Kim tackling each line item

08:37 Gross vs net returns

12:11 Converting life insurance policies

13:01 It's more important to receive consistent positive returns over time than it is to be tied to an index

14:24 What is real financial freedom?

19:25 How easy is it to get access to your equity in your rental properties?

Summary:

Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel talk about Part 4 of the case study featuring a couple earning $45,000 each a year. This episode specially talks about car buying and strategies to save money on the purchase and loan.

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's book - Busting the Retirement Lies

Submit your questions [email protected]

Truth Concepts Calculator www.truthconcepts.com

Show Notes:

00:00 Introduction

00:30 Today's topic: Case Study - Part 6: Couple Earning $45k Each a Year

01:31 In this case study the couple is almost 30 and got $5k annual raises put into their 401k's

02:40 Kim explaining the true numbers behind the 401k match vs max

06:23 The real reason why employers offer a 401k plan

07:24 How to increase the rate on your qualified plan without changing any of the investments

10:16 The true risk of a 401k vs a life insurance plan

11:01 The only product that has a guaranteed cash value dollar figure

12:02 Getting access to cash value life insurance

14:00 PUtting focus on boring but effective strategies

15:24 Free audiobook and ebook Financial Planning Has Failed

Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel talk about Part 4 of the case study featuring a couple earning $45,000 each a year. This episode specially talks about car buying and strategies to save money on the purchase and loan.

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 co-host No B.S. Money Guy Todd Strobel talk about a recent interview Kim participated in called: Crisis of Conscience. They talk about how there are many misunderstanding and things that are incorrect in the financial services industry.

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:

Free ebook - www.partners4prosperity.com/ebook

Submit your questions [email protected]

Truth concepts calculator - www.truthconcepts.com

Show Notes:

00:00 Introduction

00:30 Today's topic: Crisis of Conscience

02:03 The missing parts behind the securities industry

03:15 Why Kim pulled all of her money out of the stock market

05:31 Getting full disclosure of all fees

06:18 With such low interest rates it's heartbreaking for people to save and only see the money they've put in

06:53 The advantages of using alternative investments that provide specific cash flow and dedicated growth

07:55 There's a concrete a specific path towards prosperity

09:18 Spending time at the philosophy level and changing limiting beliefs

09:53 Free ebook www.partners4prosperity.com/ebook

Summary:

Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel talk about Part 5 of the case study featuring a couple earning $45,000 each a year. This episode Kim and Todd talk about the couple going through the homebuying process.

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's book - Busting the Interest Rate Lies

Submit your questions [email protected]

Truth concepts calculator - www.truthconcepts.com

Show Notes:

00:00 Introduction

00:29 Today's topic: Case Study - Part 5: Couple Earning $45k Each a Year

02:03 Using the cash value life insurance to avoid the private mortgage insurance

03:07 15 year vs 30 year mortgage

05:32 How do you think and feel if you don't have any savings?

06:07 Where you would want to put your extra money

07:10 Understanding the time value of money

07:54 You can't eat equity, Why prepaying your mortgage isn't always the best option.

08:25 Sometimes it's better to take a 15 year with higher payments

10:10 Why you want to have control over the equity

11:03 The correct way to measure the 15 year vs 30 year mortgage

12:49 Video explanation of Busting the Interest Rate Lies by emailing [email protected]