The Prosperity Podcast

In this special episode No B.S. Money Guy Todd Strobel talks with guest Sam Denton from Denton Wealth Strategies. Together they approach the topic of student loan debt with a focus on the best ways to help medical professionals tackle their student loan debt.

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.

Your hosts Kim Butler and No B.S. Money Guy Todd Strobel talk about different strategies and benefits to having savings. Kim shares her family savings plan and together they discuss how to create the discipline of savings.

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.

Your hosts Kim Butler and No B.S. Money Guy Todd Strobel talk about different strategies and benefits to having savings. Kim shares her family savings plan and together they discuss how to create the discipline of savings.

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:

Today your hosts Kim Butler and No B.S. Money Guy Todd Strobel talk about the money myth of borrowing against life insurance without ever intending to pay it back. In this episode you'll see the power of life insurance loans and get an idea on how you could use this financial vehicle in your life.

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

00:28 Today's topic: The money myth of borrowing against a cash value life insurance policy without intending to pay it back.

01:59 How the strategy of not paying off cash value policies came about

04:27 What happened in 2008 that changed how we look at cash value policies

05:57 Why life insurance loans are so attractive

07:08 The shocking difference between taking a loan from a bank and borrowing against life insurance

09:18 Real Estate fix and flip case study example

10:49 How opportunity will seek you out if you have a position of cash

11:26 Should you overfund a life insurance policy if you have a lot of credit card debt?

14:04 Resources for more information about life insurance loans at www.partners4prosperity.com/ebook

Today your hosts Kim Butler and No B.S. Money Guy Todd Strobel talk about the money myth of borrowing against life insurance without ever intending to pay it back. In this episode you’ll see the power of life insurance loans and get an idea on how you could use this financial vehicle in your life.

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:

With the negativity of news it feels like our current economic situation is all doom and gloom, but is it? In today's episode Kim Butler and No B.S. Money Guy Todd Strobel sit down and talk about the things we can control and the actions we can take. They dive into 401k options and even talk about food storage and growing food with heirloom seeds.

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]

Website www.essentialseeds.us for heirloom seeds

Show Notes:

00:00 Introduction

01:16 Today's topic: What can we control and what should we worry about?

01:49 You can control your thinking and actions which direct your finances

02:15 How to stop worrying about the stock market

02:50 Ask your 401k provider about an in-service withdrawal

03:55 Employment concerns in this current economy

04:47 How to make yourself more valuable in the marketplace

07:32 Tips Kim learned from Elon Musk's book

09:01 The advantages of reading books and listening to podcasts

10:53 Are you worried about the Federal Reserve? Here's what to do.

13:29 Listeners help: What ideas do you have about revitalizing a neighborhood for neighborhood food growing?

With the negativity of news it feels like our current economic situation is all doom and gloom, but is it? In today’s episode Kim Butler and No B.S. Money Guy Todd Strobel sit down and talk about the things we can control and the actions we can take. They dive into 401k options and even talk about food storage and growing food with heirloom seeds.

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.

Your hosts Kim Butler and No B.S. Money Guy Todd Strobel talk about a case study of a 51 year old female who owns real estate, has some cash on hand and is making decisions on what to do with her money for the remainder or her life.

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:

Your hosts Kim Butler and No B.S. Money Guy Todd Strobel talk about a case study of a 51 year old female who owns real estate, has some cash on hand and is making decisions on what to do with her money for the remainder or her life.

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

00:29 Today's topic is the Great American case study

01:42 Case Study of 51 year old female

03:15 To get a clear picture you need to determine your longevity and health

04:33 Determine your risk tolerance to get an idea of your rate of return

05:53 The #1 rule is we must protect principle

06:03 The #2 rule is we must grow investments higher than inflation

06:54 Tips so you don't erode principle

07:52 Specific recommendations for this American case study

09:09 Setting aside an emergency and opportunity fund

11:05 Taking $5,000 per year of the $50k fund and put it into a whole life policy

12:26 What to expect with the death benefits

Summary:

In this episode Kim Butler and No B.S. Money Guy Todd Strobel sit down and talk about another financial myth that even affects some financial advisors. Kim and Todd share the 3 mistakes people make around the calculations of 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:

Grab your free ebook Busting the Interest Rate Lies for more details

Submit your questions [email protected]

Show Notes:

00:00 Introduction

00:30 Today's topic is addressing the Financial Myth - Finding Miscalculations

02:09 The 3 mistakes people make around the calculations of finances

02:34 Mistake #1 - Trying to Make Financial Calculations with a Traditional Calculator

03:39 Look for additional calculator functions that provide future value, present value, time, rate and payment

07:17 Mistake #2 - Time Value of Money

07:42 Anytime you have dollars doing anything greater than one day's work you have a time value issue

09:14 Time value of money is essentially applying an interest rate to your calculation

10:43 For more information on how this works look at the ebook: Busting the Interest Rate Lies

10:51 Mistake #3 - Misunderstanding and Misstating Timeframes