The Prosperity Podcast

Summary:

Welcome to the 84th episode of the Prosperity Podcast! Today, host Todd Strobel and best-selling author Kim Butler sit down to discuss the power of systems. Systems allow us to let our money work for us (to leverage our money) and to create cash flow, one of the main principles of prosperity. Taking advantage of systems doesn't require us to work harder to make more money, just smarter. One of the biggest components of utilizing systems is creating habits that work towards our financial prosperity, not against it.

If you have any questions or comments, please reach out to us! We'll be happy to do a podcast asking your questions and will get back to you on any comments or feedback you might have for us!

Show Notes:

00:00 Intro

00:19 The Power of Systems

01:41 Building Linear Income & Having Your Money Work for You

03:02 Systems in the Real Estate Environment

06:14 Pitfalls of Systems & Problems with IRA Real Estate

08:14 How You Can Get One Dollar to Do Lots of Jobs in Real Estate

10:07 How to Get One Dollar to Do Lots of Job with Life Insurance

14:59 Good Debt Vs. Bad Debt

• The Millionaire Next Door

17:00 Combining Life Insurance Leverage and Real Estate

19:12 The Importance of Doing Your Homework

21:09 Outro

Summary:

Join Kim Butler and Todd Strobel today as they discuss financial triage. Learn what three steps occur in a triage, and what personal financial triage means to you. Also, find out what to do if you are experiencing financial triage to take back control of your money and regain your lost opportunity cost. Most importantly, listen as Kim and Todd discuss addressing systemic finance errors, i.e., habits, like not saving consistently or investing with too much risk. Thank you for listening to the Prosperity Podcast and, as always, don't hesitate to reach out to us at [email protected], with any and all of your questions, comments, and concerns. We'd love to hear from you!

Show notes:

00:00 Intro

00:15 Financial Triage

01:12 What Three Steps Occur in a Triage?

02:19 What is Financial Triage?

06:02 A Simple Example of Financial Triage

07:24 Financial Triage Around Insurance

08:16 What To Do If You're Experiencing Financial Triage

10:20 How To Make Today's Finances the Most Efficient That You Can

10:42 How the Media Affects Financial Triage

11:25 Addressing Systemic Finance Errors: Habits

11:55 Not Saving Consistently

12:58 Investing with too Much Risk

14:48 What Are the Most Important Financial Systems?

15:46 Contact Info

16:37 Savings Does Not Mean Sacrifice

16:58 Outro

Welcome to the eighty first episode of the Prosperity Podcast! Join best-selling author Kim Butler and host Todd Strobel as the talk about the concepts of double line investing and triple wins in finance. The best investments are investments where both the buyer (or the investor) and the seller (or the borrower) have opportunities to grow and make more money. This is called a double line investment. The coiner of this term, Peter Diamandis, just published a new book Bold: How to Go Big, Create Wealth, and Impact the World, where he elaborates on this concept. Kim Butler and Todd Strobel also explain what a triple win investment is, a very similar concept, except in this case, it’s important that both the buyer, the seller, and the community as a whole (which could be a global community!) win too.

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:

Welcome to the eighty first episode of the Prosperity Podcast! Join best-selling author Kim Butler and host Todd Strobel as the talk about the concepts of double line investing and triple wins in finance. The best investments are investments where both the buyer (or the investor) and the seller (or the borrower) have opportunities to grow and make more money. This is called a double line investment. The coiner of this term, Peter Diamandis, just published a new book Bold: How to Go Big, Create Wealth, and Impact the World, where he elaborates on this concept. Kim Butler and Todd Strobel also explain what a triple win investment is, a very similar concept, except in this case, it's important that both the buyer, the seller, and the community as a whole (which could be a global community!) win too.

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

[00:34] Double Line Investing & The Triple Win

[03:07] Examples of Investments That Benefit Everyone

[07:07] More About the Double Bottom Line

[10:27] Passion & Investments

[12:38] Outro

Summary:

What is the difference between typical finance and traditional finance? Join Kim Butler and Todd Strobel on this episode of The Prosperity Podcast to find out. Learn about how the stock market, and the risk involved in stock market investments, has changed over time and how that affects the most stable retirement and savings strategies today. Also, learn about the how different financial strategies are like either farming or hunting - either long term or short term - and either risk saturated, or risk avoidant.

If you have any questions or comments, please reach out to us! We'll be happy to do a podcast answering your questions and will get back to you on any comments or feedback you might have!

Show Notes:

0:00 Intro

0:55 Ways to Compare Partners for Prosperity to the Mainstream

1:22 Traditional Versus Typical Finances

6:06 How the Stock Market Has Changed

10:55 The Difference Between Farming and Hunting (as an analogy for finance)

12:29 Farming Work as Long Term Work

16:06 Resources - Live Your Life Insurance

17:07 Outro

What is the difference between typical finance and traditional finance? Join Kim Butler and Todd Strobel on this episode of The Prosperity Podcast to find out. Learn about how the stock market, and the risk involved in stock market investments, has changed over time and how that affects the most stable retirement and savings strategies today. Also, learn about the how different financial strategies are like either farming or hunting - either long term or short term - and either risk saturated, or risk avoidant.

If you have any questions or comments, please reach out to us! We’ll be happy to do a podcast answering your questions and will get back to you on any comments or feedback you might have!

Summary:

Welcome to the 80th episode of the Prosperity podcast! Join bestselling author Kim Butler and no bs money guy Todd Strobel today as they discuss the millennial mindset and it's implications for our future. Are millennials really ruining the future, or is there room to hope? How should their preferences influence our investment decisions today? And maybe most importantly, what is valuable about their mentality?

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

00:32 The Millennial Mindset

01:37 Spending Money on Experiences

04:04 Technology and Millennials

• Peter Diamandis "Abundance is our future."

06:56 Experience Oriented Products

07:57 Solving the Challenges of Today with Future Technology

09:55 How To Prepare to Transition into an Experiential Economy

11:29 The Six D's of Technology

13:37 Outro

Summary:

What type of mindset do you have? On this episode of the Prosperity Podcast, join Kim Butler and Todd Strobel as they talk about the important difference between a growth mindset and a fixed mindset. Find out how a growth mindset can help you make more money and become more prosperous, while a fixed mindset will cause you to plateau. For more information on fixed and growth mindsets, check out our favorite new book by Carol Dweck, Mindset: The New Psychology of Success.

If you have any questions or comments, please reach out to us! We'll be happy to do a podcast asking your questions and will get back to you on any comments or feedback you might have for us!

Show Notes:

00:00 Intro

00:43 Mindset: The New Psychology of Success by Carol Dweck

02:09 The Importance of the Growth Mindset

02:53 Tony Gonzalez & Mental Strength

04:37 Growth Mindset vs. Fixed Mindset

06:43 How This Applies to Finances

11:33 Dealing with Criticism

11:40Alternative Investments

13:26 Learning From the Success of Others

16:00 Outro

Summary:

What's the difference between good and bad debt? When do you want to prepay a loan? Should your investment strategy be the same for an investment property and a property you live at (your home)? What is a good interest rate? When should you take out loans? Let best-selling author Kim Butler and co-host Todd Strobel walk you through the answers to these questions and more on this episode of the Prosperity Podcast.

If you have any questions or comments, please reach out to us! We'll be happy to do a podcast asking your questions and will get back to you on any comments or feedback you might have for us!

Show Notes:

0:00 Intro

0:40 The Idea of Good Debt Versus Bad Debt

1:03 When to Prepay?

3:56 Is My Strategy the Same for an Investment Property and My Home?

8:50 Pay Attention to Your Interest Rates

9:52 Paying for Your Children's Education Versus Using a Student Loan

12:11 Other Debt Factors to Consider

14:12 Outro

Summary:

Join us on the seventy-seventh episode of the prosperity podcast as best selling author Kim Butler and co-host Todd Strobel investigate fifteen year versus thirty year mortgages. Conventional wisdom seems to be based off of bank's best interest and marketing tactics, so the Prosperity Podcast breaks down the best ways to analyze different mortgages so that you can make the financial decision that's right for you.

For more information on different types of mortgages, take a look at Kim Butler's book Busting the Financial Planning Lies or drop by truthconcepts.com for their visual breakdown of the differences. If you're looking to calculate the differences for yourself, try their free ten day download of this financial calculator.

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

[00:49] A Fifteen Year Versus a Thirty Year Mortgage

[01:34] What Does "Conventional Wisdom" Say?

[02:31] Consistent Time Frames & Consistent Cash Flows

[05:19] How to Calculate This On Your Own

[07:36] Consistent Interest Rates

[08:29] The Third Alternative: Cash

[11:03] Peace of Mind Versus Financial Discussions

[13:07] The Importance of Having Cash Vs. Having Equity

[16:18] Outro