The Prosperity Podcast

Summary:

Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel answer a listener question and share strategies on creating family financial liquidity and decisions to make with college education.

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:

Get the free ebook and audiobook - Financial Planning has FAILED

Submit your questions [email protected]

Live Your Life Insurance - ebook

Busting The Life Insurance Lies - ebook

Show Notes:

00:00 Introduction

00:33 Today's topic: Listener questions answered by Kim Butler

02:21 Case study: 45 year old couple with $80,000 annual income

04:05 It so important for families to have liquidity because it's flexible

06:44 When does it make sense to increase contributions to a 401k

10:05 What options you have when your child doesn't want to go to college

14:45 What to do when a 401k is not matched

16:32 Kim's favorite place to begin savings

In this episode your hosts Kim Butler and co-host No B.S. Money Guy Todd Strobel answer another listener question. They take on a case study of a 70 year old with $1.5 million in the stock market and talk about beating inflation.

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:

In this episode your hosts Kim Butler and co-host No B.S. Money Guy Todd Strobel answer another listener question. They take on a case study of a 70 year old with $1.5 million in the stock market and talk about beating inflation.

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:

Get the free ebook and audiobook - Financial Planning has FAILED

Submit your questions [email protected]

Show Notes:

00:00 Introduction

00:58 Today's topic: Case Study of a 70 Year Old With $1.5 Million In The Stock Market

02:42 Why the stock market isn't a good choice as your emergency opportunity liquid account, growth account or income account

03:52 First thing is to divide the money up and create an emergency opportunity fund

05:45 Strategy for passing money to the next generation without tax implications

07:23 Ideas for getting more monthly income

09:39 In this case study the number one long term problem is beating inflation

11:10 A million dollars is not a million dollar anymore

12:00 Longevity is another challenge because money didn't have to last as long when we died at age 65

Summary:

Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel take another listener question and create a case study of a 25 year old. They discuss the two most important financial strategies for people early on in their careers.

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:

Get the free ebook and audiobook - Financial Planning has FAILED

The Surprising Business Financing Secret of Top Entrepreneurs blog post

Submit your questions [email protected]

Show Notes:

00:00 Introduction

00:30 Today's topic: 25 Year Old College Graduate Case Study

01:33 Saving money is the first thing to do

02:42 The best way to get in the habit of paying yourself first

04:27 Advantages of starting early with your savings and policies

05:19 Strategies for rolling over your 401k into a self directed IRA

08:13 The two most important financial strategies for a 25 year old

09:43 Growing wealth through life insurance

10:59 Grab the Prosperity Accelerator Pack at www.partners4prosperity.com/ebook

Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel take another listener question and create a case study of a 25 year old. They discuss the two most important financial strategies for people early on in their careers.

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.

Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel cover a listener question of what to do when you have a million dollars. They give several case studies on how to protect the money and what to do with it to make it grow.

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 listener question of what to do when you have a million dollars. They give several case studies on how to protect the money and what to do with it to make it grow.

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:

Get the free ebook and audiobook - Financial Planning has FAILED

Submit your questions [email protected] email subject line: Million Dollar Podcast

Show Notes:

00:00 Introduction

00:38 Today's topic: 1 Million Dollar Question

02:41 Listener question of what to do with your first million

03:25 What does it mean to be a millionaire?

05:55 How much debt you should pay off if you had $1M

07:03 After inefficient debt is paid off there is something more important to do before you invest

08:43 How to protect yourself by buying your own disability coverage

10:01 Taking advantage of your insurance policy while still alive

10:50 Create extra cashflow and save it to protect yourself from emergencies

11:59 Does it make sense to put money in an annuity?

14:17 The argument of net worth vs cash flow

16:01 Putting money into life settlements

17:09 If you want more information on how to use cash flow from life insurance, bridge loans or life settlements email [email protected] with the subject line: Million Dollar Podcast

18:21 Case study for a 59 ½ year old

19:45 Inflation is one of the biggest detriments for retirees. Kim explains how to beat inflation.

Kim Butler and No B.S. Money Guy Todd Strobel talk about how to separate information from wisdom and the critical step of taking action and avoiding analysis paralysis.

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:

Kim Butler and No B.S. Money Guy Todd Strobel talk about how to separate information from wisdom and the critical step of taking action and avoiding analysis paralysis.

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:

Get the free ebook and audiobook - Financial Planning has FAILED

Submit your questions [email protected]

Show Notes:

00:00 Introduction

00:32 Today's topic: Real, Raw and Relevant

01:05 A lot of people are sitting on the fence with estate planning and investments

01:24 It's so important that we take action and avoid analysis paralysis

04:03 How to separate information from wisdom

06:08 Special gift for podcast listeners Financial Planning has FAILED ebook

07:53 The 3 components in the alternative investment space

09:35 Let's start feeding our brains with mental nutrition

14:02 There's a much better use of time than worrying about what will happen in the marketplace

16:21 The Partners 4 Prosperity structure requires us to put the client's best interest first

Summary:

Your hosts Kim Butler and No B.S. Money Guy Todd Strobel talk about a Money Magazine article that addresses saving, investing, and career moves that applies to couples of all ages. Together they talk about 401k's, paying off mortgages, and creating independence for children.

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.