The Prosperity Podcast

Kim Butler and Todd Strobel go over several ideas, strategies, and best practices to maximize your money. For instance, Kim explains how you may be able to dramatically increase the upper limits of your property and casualty protection… with NO out-of-pocket costs!

Kim and Todd also give an important tip on how you can use your smartphone to help protect your belongings! Kim discusses mortgages, life insurance, disability, and long-term care insurance as well. Finally, they discuss where and how to store your cash. When was the last time you looked over your insurance and finances? Has it been too long? Find out what steps to put on your financial checklist 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

[0:39] Choosing a Time to Review

[1:08] Automobile Deductibles

[5:09] Keeping Pictures of Your Valuables

[6:33] Personal Liability Umbrella

[10:41] Medical & Disability Insurance

[14:19] Long-Term Care Insurance

[15:47] Wills, Trusts, and Power of Attorney

[19:06] Types of Ownership

[20:46] Life Insurance

[22:56] Reviewing Your Own Money

[24:25] Mutual Funds, Stocks, and Bonds

[25:55] 401(k) and IRA's

[28:37] Mortgages and Investment Real Estate

[31:20] Bridge Loans and Life Settlements

[32:30] Financial Planning Has Failed

[33:18] Wrap-Up

[34:05] Outro

Kim Butler and Todd Strobel go over several ideas, strategies, and best practices to maximize your money. They talk about the many forms of insurance and how to use deductibles to your advantage. Finally, they discuss where and how to store your physical money. When was the last time you looked over your insurance and finances? Has it been too long? 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!

Best-selling financial author Kim Butler and No B.S. Money Guy Todd Strobel explain why Partners for Prosperity has chosen to be part of a MOVEMENT – not simply a "financial practice." They discuss how a movement differs from a practice. Kim tells us how Prosperity Thinkers is focused more on cooperation with others in our industry than gaining a competitive advantage against them.

Todd recommends the best type of people to have in your corner on your financial team. Finally, they leave us with action steps to help you analyze your life insurance. Will you join the movement? Find out more on today's episode of the Prosperity Podcast.

If you would like the opportunity for us to answer your question on the show or 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

[1:06] Cooperation in Competition

[2:59] Impact of Inflation

[4:26] The Prosperity Economics Movement

[6:52] Truth Concepts

[10:03] Numbers are not Static

[12:14] Financial Planning Has Failed

[15:45] Handling Your Own Finances

[18:20] Building a Financial Team

[21:28] Action Steps

[23:15] Wrap-Up

[24:15] Outro

Kim Butler and Todd Strobel explain the differences between a movement and a practice/business in the life insurance arena. Kim tells us how Partners 4 Prosperity is focused more on cooperation among others in our industry than gaining a competitive advantage against them. Todd recommends the best type of people to have in your corner on your financial team. Finally, they leave us with a few bits of action steps to help self-analyze your life insurance plans. Will you join the movement? 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 be a guest on our show, be sure to keep sending us questions and reach out to us!

Kim D. H. Butler and host Todd Strobel discuss an article in Money Magazine, "13 Things to Do with $100k." Should you remodel your home? Buy a franchise? Purchase an annuity?

They break down the list of options and also discuss alternative investments. Kim defends the belief of protecting the principle. Todd praises Kim for all her work in making clients' money do more for them.

If they had $100,000, wouldn't our hosts buy a Tesla, 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, be sure to keep sending us questions!

Show Notes:

[0:00] Prologue

[0:19] Intro

[0:32] 13 Things to Do with $100k

[2:07] Remodel Your House

[4:27] Pay Off Your Mortgage

[5:43] Opportunity Costs

[7:02] Buy a Franchise

[8:42] Invest in a New Degree

[10:46] Buy an Annuity

[12:39] Financial Planning Has Failed

[13:20] Buy a Tesla

[15:05] Cash Flow Stream

[17:50] Buy a Vacation Home

[20:51] Buy an Indexed Fund

[22:06] Summary

[23:35] Wrap-Up

[24:11] Outro

Kim and Todd discuss an article in Money Magazine, 13 Things to Do with $100k. They breakdown the list and dive into alternative investments. Kim defends the belief of protecting the principle. Todd praises Kim for all her work in making clients money do more for them. If they had $100,000, wouldn’t our hosts buy a Tesla, 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, be sure to keep sending us questions!

Kim Butler and Todd Strobel discuss a recent analysis from an insurance company we do business with. What do the findings tell us? What kind of life insurance do our clients buy, and why? What do they do with it? What do we know about our clients from the study? Find out on today's show.

If you would like the opportunity for us to answer your question on the show, be sure to keep sending us questions!

Show Notes:

[0:00] Prologue

[0:19] Intro

[1:01] What's Up at Partners 4 Prosperity?

[2:49] Assets Under Management

[4:11] Death Benefit Over Time

[9:01] Creating an Arbitrage

[11:08] The Insurance Benefit

[12:47] Big Picture Numbers

[16:08] Shift in Thinking

[18:02] Diversity in Ages

[19:39] Financial Planning Has Failed

[20:11] Wrap-Up

[20:21] Outro

Kim and Todd discuss a recent analysis of our business. Kim talks about the variables within the findings of their insurance offerings and clients. They breakdown what those facts and figures mean to Partner’s 4 Prosperity as well as our clients. Do you ever get the feeling you’re being watched? 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, be sure to keep sending us questions!

P4P's Kim Butler and No BS Money Guy Todd Strobel answer another listener-submitted question. Life insurance terminology and lingo is the topic of discussion. Kim and Todd travel the A to Z's of life insurance with a few pit stops along the way.

Also, will this episode be the last for Todd's favorite phrase, "super?" 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, be sure to keep sending us questions!

Show Notes:

[0:00] Prologue

[0:19] Intro

[0:52] Understanding Life Insurance Terms and Terminology

[3:11] Premiums

[5:08] Cash Value

[8:43] Dividends

[12:37] Gross Cash Value

[13:22] Automatic Paid-Up Additions

[16:35] Waiver of Premium

[18:36] Death Benefit or Face Amount

[19:41] Financial Planning Has Failed

[20:34] Increasing Death Benefit

[21:15] Interest

[23:42] Positions Within Life Insurance

[25:52] Automatic Premium Loans

[27:02] Reduced Paid-Up

[29:26] Opportunity Cost

[30:41] Wrap-Up

[31:29] Outro

Kim Butler and Todd Strobel stay after class to finish their test. Questions about Financial Literacy are asked, answered, and discussed as Kim and Todd go through the last half of a financial literacy test.

This section of the test features segments about saving and investing. Also, the final part of our test asks a few questions about taxes and the role of government over your money.

Sit down and take out a No. 2 pencil for today's episode of the Prosperity Podcast!

If you haven't already, get your copy of Financial Planning Has Failed, now available as both an audiobook and ebook! Read or listen today to learn how you can build wealth without Wall Street risks and worries.

Show Notes:

[0:00] Prologue

[0:19] Intro

[0:38] Irrelevant Questions

[2:01] Annual Interest Earned on a Savings Account from a Bank

[3:19] Mutual Funds and Securities

[5:53] Accounts for Retirement with After-Tax Contributions

[7:16] Conservative Holdings on an Account

[9:30] Families Most Affected by a 10-Year Period of High Inflation

[12:26] Assets that Protect You Against Inflation Increases

[13:49] Actions to Benefit Large Sums of Money (and the importance of liquidity!)

[15:39] How to Calculate Savings

[16:30] Taxes that Change When You Move

[17:47] Retirement Income from the Federal Government

[18:30] United States Corporate Tax Rates

[21:49] Federal Income Tax Payment

[23:54] Wrap-Up

[24:45] Prosperity Accelerator Pack

[25:31] Send Us More Questions

[25:58] Outro