The Prosperity Podcast

Saving for retirement can be hard, especially as life spans get longer. In fact, a lot of people lose most or all of their assets by not properly preparing for a long term care situation. They might even plan for the right number of years, but not for the cost of their medical expenses. Today best selling author Kim Butler and No B.S. Money Buy Todd Strobel talk about several different ways we can prepare for long term care and still maintain control of our money and follow the seven principles of prosperity.

If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!

Summary:

Today's topic is something that a lot of people might not understand completely - the multiple uses of paying life insurance premiums. Best selling author Kim Butler and No BS Money Guy Todd Strobel clarify and explain just how pay your life insurance premium works, when you can stop, what that money really does and goes toward, and the flexibility that minimum and maximum pay depositions allow. Tune in today to learn more about whole life insurance and take control of your financial future!

If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!

Show Notes:

0:00 Intro

0:44 Multiple Uses of Paying Life Insuraance Premiums

1:29 When Can You Stop Paying Your Premium?

2:50 What Happens When You Pay Your Premium?

6:22 The Importance of the Annual Break Even

7:55 How Premium Builds the Death Benefit

11:45 Minimum & Maximum Pay Depositions

17:34 Peace of Mind that Comes with Whole Life Insurance

18:29 Where to Go for More Information

19:18 Outro

Today’s topic is something that a lot of people might not understand completely - the multiple uses of paying life insurance premiums. Best selling author Kim Butler and No BS Money Guy Todd Strobel clarify and explain just how pay your life insurance premium works, when you can stop, what that money really does and goes toward, and the flexibility that minimum and maximum pay depositions allow. Tune in today to learn more about whole life insurance and take control of your financial future!

If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!

Summary:

How are you saving your money? Do you withdrawal money from your saving account, then pay yourself back later? What if you left that money in your account and let it grow and borrowed against that instead? Most people don't figure this out until much later in life, but doing so allows you to take advantage of the value of uninterrupted compound growth. Today's episode is a little bit more technical, but very important. Tune in to find out how to take control of your finances and keep your money safe!

If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!

Show Notes:

0:00 Intro

0:39 The Value of An Uninterrupted Compound Interest Curve

2:33 The Importance of Borrowing Against Your Savings

5:21 Why It Matters What You Do With the Money

9:37 Outro

How are you saving your money? Do you withdrawal money from your saving account, then pay yourself back later? What if you left that money in your account and let it grow and borrowed against that instead? Most people don’t figure this out until much later in life, but doing so allows you to take advantage of the value of uninterrupted compound growth. Today’s episode is a little bit more technical, but very important. Tune in to find out how to take control of your finances and keep your money safe!

If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!

Summary:

What is the value of good health? Probably not something we can measure! However, the effect of certain healthy habits (and lack of unhealthy ones) can have a measurable effect on your finances! Today Kim Butler and Todd Strobel sit down to talk about the financial value of healthy living, and the best ways to incorporate healthy practices into your lifestyle, to not only feel better but increase your net worth!

If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!

Show Notes:

00:00 Intro

00:45 The Value of Good Health

02:20 Sleeping and Salary Increase

09:12 Exercise and Higher Pay

12:00 Smoking's Effect on Your Finances

15:31 Managing Stress

18:11 Outro

What is the value of good health? Probably not something we can measure! However, the effect of certain healthy habits (and lack of unhealthy ones) can have a measurable effect on your finances! Today Kim Butler and Todd Strobel sit down to talk about the financial value of healthy living, and the best ways to incorporate healthy practices into your lifestyle, to not only feel better but increase your net worth!

If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!

Summary:

Today's episode covers a very specific situation, however, if you have or plan on purchasing a whole life policy, this very well may be a situation that you run into. Best selling author Kim Butler and co-host Todd Strobel sit down to talk about the best way to repay debt on loans against a permanent life insurance policy. They talk about the various reasons a loan may have been made, including hard financial times - and then they discuss how to optimize the repaying of this loan. Tune in to learn more about taking control of your financial future and keeping your money safe.

If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!

Show Notes:

0:00 Intro

0:34 How To Repay Debt on Loans Against a Permanent Life Insurance Policy

1:26 Investigating a Case Study

8:03 Why the Loan Must Be Paid Before Making More Than Minimum Pay Deposition

11:53 What Else Can Be Done to Reduce the Outlay on the Policy

13:34 What Strategies Can Be Used to Anticipate Problems Setting Up the Policy?

16:42 Resources

• Financial Planning Has Failed

17:27 Outro

Today’s episode covers a very specific situation, however, if you have or plan on purchasing a whole life policy, this very well may be a situation that you run into. Best selling author Kim Butler and co-host Todd Strobel sit down to talk about the best way to repay debt on loans against a permanent life insurance policy. They talk about the various reasons a loan may have been made, including hard financial times - and then they discuss how to optimize the repaying of this loan. Tune in to learn more about taking control of your financial future and keeping your money safe.

If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!

Is gold a good place to store your cash? As the stock market becomes increasingly less trustworthy and people look for reliable places to store their money to retain its value and keep up with inflation, many turn to gold as a “reliable” investment where they believe their money will be safe. Today, best selling author Kim Butler and no b.s. money guy Todd Strobel sit down to talk about “calling a spade a spade” and the importance of calling buying gold what it is - speculation. They also talk about safe alternative investments to gold that allow the consumer more control over their money and a guaranteed return.

If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!