Kim shares one of the original reasons for purchasing whole life insurance— because they love someone or something so it relates to the death benefit. She talks about how we as advisors can talk about the death benefit and have a reminder about why people buy this type of insurance.  To learn more about the Prosperity Economics Movement  http://prosperityeconomicsadvisors.com/how-to-keep-your-mindset-positive-bonus-episode   Links and Resources from this Episode  Kim Butler: p4p@scicreations.com    Show Notes The reason for the creation of life insurance companies: death benefit - 1:22 Having the life insurance death benefit - 2:31 Being a life insurance agent - 3:28 Death is a guaranteed event - 3:59 Loving your product and believing in it - 5:08 Are you familiar with human life value? - 6:51 What makes life insurance great - 8:35    Review, Subscribe and Share If you like what you hear please leave a review  by clicking here  Make sure you’re subscribed to the podcast so you get the latest episodes.  iTunes Spotify Stitcher 

Why Do People Buy Life Insurance - Episode 249

The Advisor Advantage podcast is connecting Prosperity Economics Advisors one to another through financial conversations that challenge the status quo. This show spreads the message of prosperity and shares the alternatives to big banking and Wall Street investing.

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Join Justin on the Advisor Advantage Podcast as he chats with financial mentor Kim Butler. Kim, endorsed by luminaries like Robert Kiyosaki, shares insights from her latest book "Busting the Budgeting Lies" – challenging mainstream money management and revealing the truth about personal finance. Discover how to truly take control of your cash flow and transform your financial trajectory. Tune in for potent strategies beyond traditional budgeting, guaranteed to empower your financial journey. To learn more about the Prosperity Economics Movement  http://prosperityeconomicsadvisors.com/how-to-keep-your-mindset-positive-bonus-episode   Links and Resources from this Episode  Get in touch with Janet at janet@pem.email  or 936-247-2732 https://prosperityeconomicsadvisors.com/summit-4-advisors/ Partner Link: https://gravystack.com/advisor   Book Link: https://a.co/d/cU33ny1 https://prosperityeconomicsadvisors.com/  https://www.facebook.com/groups/honoraryprosperityeconomicsadvisors/?ref=share_group_link Connect with Justin Maxwell https://justindmaxwell.com/blog/debunking-myths-kim-butler/ justinm@biglifefinancial.com      Show Notes  Importance of understanding personal finance. Myth-busting the concept of budgeting. Life's fluidity and the pitfalls of strict budgeting. The power of saving first and its historical relevance. Personal story - Financial lessons from farming. Traditional budgeting vs. the "save first" approach. The psychology of measuring progress backwards. Introduction to the Currence app for financial behavior. The critical difference between budgeting and cash flow management. How the app can significantly impact one's financial future. Aligning personal finances with business success.    Review, Subscribe and Share If you like what you hear please leave a review  by clicking here Make sure you’re subscribed to the podcast so you get the latest episodes.   iTunes  Spotify RSS 

Busting Money Myths and Bridging the Gap with “Measure-Back” Savings Behavior - Episode 299

Janet Sims and Kim Butler share the vision and collaboration we, at Prosperity Economics Movement, are currently discussing with other like-minded whole life friendly organizations to strengthen our ability to help people. To learn more about the Prosperity Economics Movement  http://prosperityeconomicsadvisors.com/how-to-keep-your-mindset-positive-bonus-episode     Links and Resources from this Episode  Get in touch with Janet at janet@pem.email or 936-247-2732 https://prosperityeconomicsadvisors.com/summit-4-advisors/ Partner Link: https://gravystack.com/advisor   Book Link: https://a.co/d/cU33ny1 https://prosperityeconomicsadvisors.com/  https://www.facebook.com/groups/honoraryprosperityeconomicsadvisors/?ref=share_group_link       Show Notes  Kim gives her perspective on what 'dating' in business means, likening it to cautiously checking things out before commitment Discussion on a group meeting they had in Nashville, Tennessee which is compared to a 'group date' The group's decision to 'date' and their plans for the future Query about the vision being built within the movement The origins of the prosperity economics movement and its contributors Sharing an example of a bad sales experience as a cautionary reminder The aims of an advisor-friendly space that facilitates authenticity The three core tenets of the community: Principles, clear language, and numerical proof of concept The importance of urgency and communication in the client-advisor relationship   Review, Subscribe and Share If you like what you hear please leave a review  by clicking here Make sure you’re subscribed to the podcast so you get the latest episodes.   iTunes  Spotify RSS 

Strengthening Our Ability to Help People with Kim Butler - Episode 298

Janet Sims and Kim Butler discuss a myriad of questions advisor’s typically have concerns about so we asked the question ”How do you know when it’s time to (fill in the blank)?” To learn more about the Prosperity Economics Movement  http://prosperityeconomicsadvisors.com/how-to-keep-your-mindset-positive-bonus-episode     Links and Resources from this Episode  Get in touch with Janet at janet@pem.email or 936-247-2732 https://prosperityeconomicsadvisors.com/summit-4-advisors/ Partner Link: https://gravystack.com/advisor   Book Link: https://a.co/d/cU33ny1 https://prosperityeconomicsadvisors.com/  https://www.facebook.com/groups/honoraryprosperityeconomicsadvisors/?ref=share_group_link       Show Notes  How Kim’s love for learning has shaped her approach as an advisor The importance of constant growth and education Use of social media by advisors and the difficulty some face in adapting to it The role of a Fractional CMO and how it can help in marketing efforts How do you know when it's time to better serve your existing clients? Tendency of advisors to prioritize new sales over serving existing clients and emphasizes the need for change in this regard How do you know it's time to hire a virtual assistant? The importance of getting virtual assistant help early Step-by-step process of hiring and training a virtual assistant How do you know when it's time to ask for help on a case? The importance of joint work and collaboration in success for advisors   Review, Subscribe and Share If you like what you hear please leave a review  by clicking here Make sure you’re subscribed to the podcast so you get the latest episodes.   iTunes  Spotify RSS 

How Do You Know When It's Time To…? with Kim Butler - Episode 297

In this podcast, Todd Langford, developer of Truth Concepts tools, discusses how these tools aid financial advisors in providing clear, accurate information to clients, dispelling common misconceptions. He highlights the advisor's critical role in diagnosing economic health, creating personalized financial strategies, predicting potential problems, and encouraging financial adaptability. To learn more about the Prosperity Economics Movement  http://prosperityeconomicsadvisors.com/how-to-keep-your-mindset-positive-bonus-episode   Links and Resources from this Episode  Get in touch with Janet at janet@pem.email or 936-247-2732 https://prosperityeconomicsadvisors.com/summit-4-advisors/ Partner Link: https://gravystack.com/advisor   Book Link: https://a.co/d/cU33ny1 Connect with Todd Langford https://truthconcepts.com/about/ https://www.linkedin.com/in/truthconceptssoftware    Show Notes  The principle of uncertainty Analogy between predictable and unpredictable elements of financial decisions and roller coasters Google Ads as a form of positive risk Analogy between the financial industry and witch doctors How to use tools and training to make financial decisions more relatable to clients Equipping financial advisors with tools to help their clients make informed decisions Managing clients' expectations by providing them with traceable financial plans The impact of unexpected events on financial plans and the need for adaptability. Advisors being the bridge between math and real world decisions The importance of the financial advisors to focus on the results of numbers rather than just the numbers    Review, Subscribe and Share If you like what you hear please leave a review  by clicking here Make sure you’re subscribed to the podcast so you get the latest episodes.   iTunes  Spotify RSS 

Challenges Financial Advisors Face When Trying to Balance Simplicity with Completeness with Todd Langford - Episode 296

Kim Butler sits down with Scott Donnell from Gravy Stack to discuss the fun app they created for kids to teach them financial concepts through games. To learn more about the Prosperity Economics Movement  http://prosperityeconomicsadvisors.com/how-to-keep-your-mindset-positive-bonus-episode     Links and Resources from this Episode  Get in touch with Janet at janet@pem.email or 936-247-2732 https://prosperityeconomicsadvisors.com/summit-4-advisors/ Partner Link: https://gravystack.com/advisor   Book Link: https://a.co/d/cU33ny1 Connect with Scott Donnell https://gravystack.com/ scott@gravystack.com https://www.linkedin.com/in/donnell-scot     Show Notes  The concept of financial competency Why people often make bad financial decisions early in life How GravyStack gamifies financial education, making it easier and more enjoyable for kids to learn Using the GravyStack app Scott's book, "Value Creation Kid" The home economy system's three E's: Setting expectations, expenses to cover, and extra pay Introduction to "brain gigs" that help kids learn valuable skills and knowledge   How structured investments and insurance brought peace to his wife and their marriage The affiliate program at GravyStack that allows participants to earn while spreading its mission  Review, Subscribe and Share If you like what you hear please leave a review  by clicking here Make sure you’re subscribed to the podcast so you get the latest episodes.   iTunes  Spotify Stitcher RSS 

Why Do People Buy Life Insurance - Episode 249

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