The Prosperity Podcast

Kim Butler and Todd Strobel dive into financial strategies to best utilize your assets. Kim explains two strategies and their upsides. Todd focuses on the benefit of life insurance to maximize the strategies effectiveness. Finally, they discuss resources available through Partners 4 Prosperity to reinforce the message behind the podcast. Is your financial strategy allowing you to have your cake and eat it too? Find out on today’s episode of the Prosperity Podcast.

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!

Kim Butler and Todd Strobel dive into an old article of Kim's entitled, "7 Phases of Financial Success." Whether you started saving in your 20's or whether you're just starting in your 50's or 60's, you can adapt these phases for you. Kim explains each phase of life and it's accompanying financial goals. Todd breaks down effective ways to reach those goals. Finally, the importance of life insurance (and later converting it to whole life insurance) is analyzed as the backbone of your financial success through each phase.

Which financial phase are you in and is it too late to be successful now? Find out on today's episode of the Prosperity Podcast.

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] Prologue

[0:19] Intro to the phases of financial success

[0:48] Phase 1: Leaving School, Entering Workforce (20s)

[4:17] Savings Before Debt

[5:41] Paying the Minimums

[6:22] Completing a Will

[7:03] Life Insurance and "Human Life Value"

[8:43] Insurance Outside of Your Employer

[9:35] Phase 2: Building a Prosperity Flow Through Account (30s)

[10:49] Converting Term to Whole Life Insurance

[12:14] Advantages of Life Insurance Over Banks

[12:59] Mortgages

[13:59] Phase 3: Conversions & Upgrades (40s)

[15:39] Rates of Returns

[17:28] Non-Correlated Assets

[18:11] Whole Life Insurance Interest Rates

[19:28] Aggressive Risks

[20:41] Phase 4: Paying Off Life Insurance Loans (50s)

[22:20] Phase 5: Don't Retire, Yet (60s)

[25:22] Phase 6: Taking Dividends & Stopping Premium Payment (70s)

[26:49] Reverse Mortgages

[28:08] Phase 7: Focusing on the Death Benefit (80+)

[29:38] Financial Planning Has Failed

[30:37] Outro

Kim Butler and Todd Strobel dive into an old article of Kim’s entitled, “Seven Phases of Financial Success.” Kim explains each phase of life and it’s accompanying financial goals. Todd breaks down effective ways to reach those goals. Finally, the importance of life insurance (and later converting it to whole life insurance) is analyzed as the backbone of your financial success through each phase. Which phase are you in and is it too late to be successful now? Find out on today’s episode of the Prosperity Podcast.

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!

Kim Butler and Todd Strobel respond to a user-question about why the American society refers to investing with the stock market. Kim discusses ways around the market and the multiple outlets outside of the stock market. Todd explains the importance of educating yourself on all the ways in which your money can be invested. Finally, life settlements from life insurance are analyzed.

Where else can you invest? Find out about investing away from the stock market on today's episode of the Prosperity Podcast.

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] Prologue

[0:19] Intro

[0:32] Why Does Investment Equate to the Stock Market?

[2:19] You Get What You Pay For

[4:02] Potential Market Scare

[6:38] Non-Correlated Investments

[9:38] Are These Partners 4 Prosperity Inventions?

[12:22] Financial Planning Has Failed

[14:00] Educating Yourself

[15:32] Life Settlements

[19:25] Wrap-Up

[20:14] Outro

Kim Butler and Todd Strobel respond to a user-question about why the American society refers to investing with the stock market. Kim discusses ways around the market and the multiple outlets outside of the stock market. Todd explains the importance of educating yourself on all the ways in which your money can be invested. Finally, life settlements from life insurance are analyzed. Do you know how to change your investment approach? Find out on today’s episode of the Prosperity Podcast.

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!

Kim Butler and Todd Strobel dig into the theory that banks are the safest place to save money. Kim explains how life insurance provides better dividends than banks and details what banks ought to be used for. Todd talks about government interventions and how life insurance affects college aid. Finally, Kim and Todd look into the resources available that we provide to broaden your knowledge about life insurance.

Have you ever wondered why movies never show a life insurance agency being held up? Find out on today's episode of the Prosperity Podcast.

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] Prologue

[0:19] Intro

[0:33] Banking Myths

[0:55] Are Banks a Good Place to Save Money?

[2:03] Money Being Reduced to 1's and 0's

[4:54] Focus on Control

[7:31] Cash Value of Life Insurance for Businesses

[8:26] Rates of Return

[9:41] Government Intervention in Bank Accounts

[12:27] Life Insurance and College Applications

[13:25] Live Your Life Insurance (and Book)

[13:48] Financial Planning Has Failed

[14:33] P.U.A.

[17:48] Wrap-Up

[18:19] Outro

Kim Butler and Todd Strobel dig into the theory that banks are the best place to store your money. Kim explains how life insurance provides better dividends than banks and details what banks ought to be used for. Todd talks about government interventions and how life insurance affects college aid. Finally, they look into the resources available that we provide to broaden your knowledge about life insurance. Have you ever wondered why movies never show a life insurance agency being held up? Find out on today’s episode of the Prosperity Podcast.

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!

On today's episode of the Prosperity Podcast, best-selling financial author Kim Butler and No BS Money Guy Todd Strobel uncover the reasons you should know about self-directed IRAs. They discuss their benefits and disadvantages.

Kim explains the term "roll" as it relates to finances. Todd compares self-directed IRAs against a 401(k). Finally, they breakdown the different payoffs that are associated with your self-directed IRA.

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] Prologue

[0:19] Intro

[0:36] Self-Directed IRAs

[2:59] Self-Directed IRA Trustees

[4:04] Fees and Costs

[7:35] Defining the Term "Roll"

[9:24] Rolling into a Self-Directed IRA

[11:00] Fighting Off the 401(k) Pressure

[13:07] Self-Directed IRA Payoffs

[14:35] Peer-to-Peer Lending

[16:08] Financial Planning Has Failed

[16:45] Wrap-Up

[17:21] Outro

On today’s episode of the Prosperity Podcast, Kim Butler and Todd Strobel uncover the reasons you should know about self-directed IRAs. They discuss their benefits and disadvantages. Kim explains the term “roll” as it relates to finances. Todd compares self-directed IRAs against a 401(k). Finally, they breakdown the different payoffs that are associated with your self-directed IRA.

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!

Kim Butler and Todd Strobel respond to a user question about when to talk about money with your children. Kim explains the benefits of starting early and brings up, The Opposite of Spoiled, by Ron Lieber in discussing allowances. Then, Todd breaks down a trend in millennial student debt and they look into alternative solutions to that debt. We all know money talks, but do we know how to talk about money? Find out on today's episode of the Prosperity Podcast.

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] Prologue

[0:19] Intro

[0:30] A User-Submitted Question

[0:50] What Age to Start?

[3:05] Ad Marketing to Young Children

[4:34] Exposing Kids to Household Finances

[7:26] Teaching Savings

[9:41] Setting Up a Family Business

[10:21] Changing Attitudes to Curb Trends

[11:56] Understanding Alternatives

[15:58] Involving Children When Family Finances Change

[18:04] Financial Planning Has Failed

[18:46] Outro