Kim and Spencer discuss how individuals can identify what they genuinely love doing, opening pathways to career satisfaction and personal fulfillment. The episode suggests that the traditional advice to 'follow your passion' may not always be beneficial, and instead recommends that individuals find work that matches their skills or interests. Lastly, the hosts highlight the essential role that daily habits and routines play in facilitating progress, suggesting that individuals consider slightly ...
Dec 05, 2023•14 min•Ep. 544
Kim and Spencer discuss the importance of language and thought patterns in one's relationship with money. They quote Robert Kiyosaki's concept of replacing "I can't afford it" with "how can I afford it?" as a building block of prosperous thinking. They also touch on the erroneous focus of individuals on earnings instead of value provided and emphasize the significance of cash flow over net worth, particularly for business owners. The episode features in-depth conversations regarding linguistics ...
Nov 28, 2023•14 min•Ep. 543
Kim and Spencer discuss the concept of retirement, with reference to thoughts from the founder of AngelList, Naval Ravikant. Ravikant's advice for retirement includes saving money, lowering your spending rate, and doing what you love so that retirement becomes unnecessary. The hosts emphasize the benefit of virtual jobs, saying that they are perfect for older people who wish to keep working and earning, while staying active and engaged. They add that this kind of work can help offset inflation a...
Nov 21, 2023•18 min•Ep. 542
Kim and Spencer discuss the importance of cash flow, or financial flow, over stagnation in wealth building. They argue that one of the often-overlooked principles of prosperity is the necessity for cash flow rather than letting money sit idly. For them, cash flow refers not only to money coming in but also the money going out. Important elements of cash flow include expenses, investments in real estate and life insurance, and outgoing cash flow in general. Prosperity Thinkers is proud to be an a...
Nov 14, 2023•14 min•Ep. 541
In this episode of the Prosperity podcast, the hosts, Spencer Shaw and Kim Butler, discuss guidance for managing finances for a couple aged 25 with a net worth of $50,000. The hosts review a previously given AI recommendation and give revised insights. Initially, they discuss the importance of building an emergency fund of three to six months worth of living expenses, tactics for investing in retirement through 401(k)s and IRAs, and investing in one's financial education. They also discuss build...
Nov 07, 2023•23 min•Ep. 540
In this episode of the Prosperity Podcast, Kim, the host, interacts with an AI to discuss the principles of prosperity as they apply to a 60-year-old couple with a net worth of $2 million. The AI suggests the sequence of five steps: Estate planning, purchasing life insurance, investing in the education of their children and grandchildren, actively teaching financial literacy to their children and grandchildren, and establishing a charitable foundation or donor advised fund. The next episode is s...
Oct 31, 2023•16 min•Ep. 539
Kim and Spencer discuss the concept of an "opportunity fund". An opportunity fund is different from a savings account as it actively makes you money and is used to strategically take advantage of any financial opportunities. Unlike a position of debt or constant emergency where opportunities are limited, having an opportunity fund enables people to position their money strategically for future investments. The hosts, Kim and Spencer, discuss the concept of a CLUE test (Control, Legacy, Use, and ...
Oct 24, 2023•14 min•Ep. 538
Kim and Spencer delve into the concept of personal credit scores and a new concept they describe as prosperity credit. The episode begins with a reference to their book, which details guidelines around credit scores. They also announce that they are in the process of developing the idea of prosperity credit and invite listeners to share their thoughts on what this phrase means via email. Kim and Spencer advocate for acting proactively with finances and treating personal credit seriously, and the...
Oct 17, 2023•18 min•Ep. 537
This podcast episode centers around a book titled "Don't Tell Me I Can't" by a 14-year-old author going by the pen name, Cole Summers. The hosts discuss the book and the message of possibility, hard work, self-belief, resilience, and learning it delivers. The episode also talks about the author's unconventional life journey, from his purchase of a tractor at nine and a house at ten, to owning a 350-acre farm, all while being homeschooled and later, unschooled. Prosperity Thinkers is proud to be ...
Oct 10, 2023•17 min•Ep. 536
Spencer and Kim discuss the concept of the "velocity of money." This is likened to the pace of marathon running, using this as an analogy to explain the movement of money. The hosts make use of the acronym CLUE, which stands for Control, Liquidity, Use, and Equity, to explain how one can get optimal long-term benefits from their money. Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achiev...
Oct 03, 2023•17 min•Ep. 535
Spencer and Kim delve deeply into the topic of inflation, reflecting on how it's affecting individual lives and businesses worldwide. The hosts share a story about a business owner in Argentina, a country currently going through significant monthly inflation. To protect his business, he uses US dollars due to their stability and he invests his profits back into his business to purchase supplies, expecting the inflation to worsen. This leads to discussion on how tangibles like food, water, suppli...
Sep 26, 2023•18 min•Ep. 534
Spencer and Kim discuss the concept of value and altering perspective on it. They use a personal anecdote to illustrate the idea, wherein his content creator son understands his work's value in a different way when his father becomes his 'employer'. This story is used to spark discussion on how people value their wealth and finances, and their aversion to taking action due to perceived risks. Kim suggests methods to think about value in personal terms - seeing the value in our future selves and ...
Sep 19, 2023•10 min•Ep. 533
Spencer and Kim discuss the rising cost and decreasing availability of homeowners insurance, and how people can prepare for potential future issues. A recent incident where a tree limb fell and damaged a greenhouse on their property led them to talk about the potential costs and benefits of having homeowners insurance, especially when it comes to damage repair and tree removal. They also touched on the increase in homeowners insurance costs and difficulty in obtaining it in certain areas like Ca...
Sep 12, 2023•12 min•Ep. 532
Spencer and Kim compared Indexed Universal Life (IUL) insurance and Whole Life insurance. They compare IUL to a mobile home due to its flexible and adjustable nature, which also means it carries more risk. Meanwhile, Whole Life insurance is compared to a brick and mortar home due to its stability and permanence. Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By ...
Sep 05, 2023•16 min•Ep. 531
Spencer and Kim discuss a provocative concept called the 100% death tax, proposed by self-made millionaire Alex Hormozi. The idea suggests that if entrepreneurs knew their entire wealth would be seized upon their death, they would be more inclined to invest their wealth, experiment with new ideas, and constantly innovate. Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial fr...
Aug 29, 2023•15 min•Ep. 530
This episode of the Prosperity Podcast discusses the mindset of givers and takers, particularly among millionaires and billionaires. Drawing insights from a study by Patrick Campbell, a man who has owned a data analytics company, the hosts note that Campbell's study shows that takers tend to seek 51% of value from their interactions and see relationships as a series of single moves. Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals ar...
Aug 22, 2023•19 min•Ep. 529
In this episode of the Prosperity Podcast, Jim Klauck interviews Kim Butler, who discusses her approach to assisting people in managing their finances and accumulating wealth. This involves simplifying savings, automating assets, and instilling faith in finances. Kim highlights the importance of establishing an emergency fund and opportunity fund to counter unexpected life events and investment opportunities, which also promotes peace of mind and overall health. She also emphasizes automating sa...
Aug 17, 2023•20 min•Ep. 528
This episode of the Prosperity Podcast focuses on the surprising success story of Oliver Anthony, an Appalachian-based singer/songwriter. Oliver's unexpected hit song, "Rich Men North of Richmond," reflects the frustrations and hopes of blue-collar, hard working Americans. Hosts emphasize that the song, depicting struggles with poverty and feeling controlled by others, resonated deeply with audiences, thrusting the home-grown artist to the top of several music charts. The discussion then shifts ...
Aug 15, 2023•13 min•Ep. 528
This episode focuses on two central topics - the concept of outliving one's money and the worth of one's money in the current economic climate. The common theme of the episode is challenging conventional notions of retirement and financial planning. Kim is highly critical of the societal construct of retirement, describing it as a "scam" and an inherently selfish way of living that often leaves retirees discontented and unproductive. Prosperity Thinkers is proud to be an affiliate of the transfo...
Aug 08, 2023•14 min•Ep. 527
Kim and Spencer discuss the importance of educating children at home, guiding them towards finding something they enjoy, teaching them responsibility, and cultivating them into becoming responsible human beings. The hosts emphasize the vital role that homeschooling played in their children's positive development, citing their ability to guide them towards their interests and passions. Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals ...
Aug 01, 2023•14 min•Ep. 526
Kim and Spencer discuss the concept of having intentional money conversations at the dinner table. These talks don't center around politics or religion but on financial education, a subject usually avoided or not tackled properly at home. The intention is to use "prosperity thinking" to add more valuable information and perspectives for the listeners and their families. Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the worl...
Jul 25, 2023•14 min•Ep. 525
The hosts, Spencer Shaw and Kim Butler, focus on the topic of the home economy system, which involves three important elements: Expectations, expenses, and extra money for gigs. This concept applies to households of varying sizes and configurations. They attribute the basis of this concept to the book written by Scott Donnell and Lee Benson, Value Creation Kids, as it is a practical guide to personal finance from a principle-based viewpoint. Prosperity Thinkers is proud to be an affiliate of the...
Jul 18, 2023•23 min•Ep. 524
This episode of the Prosperity Podcast discusses the concept of retirement, challenges the connotation associated with it, and explores alternatives for a fulfilling post-work life phase which they struggle to find a suitable term for. The hosts explore the phenomenon of retirees spending their time idly, attributing it to financial frugality or unwillingness to invest in hobbies. Kim and Spencer further discuss the fear of outliving one's savings and suggest purchasing a Single Premium Immediat...
Jul 11, 2023•13 min•Ep. 523
Scott Donnell, developer of the GravyStack app, highlights the need for children to learn money skills. Drawing from his study of wealthy families' strategies, he found that these families fostered financial responsibility in their kids by simulating real-world expenses and expectations from a young age. This empowers kids to handle money related to everyday activities, cultivating a sense of generosity and responsibility. The GravyStack app includes fun and interactive 'gigs', including chores ...
Jul 06, 2023•28 min•Ep. 522
This Prosperity Podcast episode emphasizes the idea of collaboration over competition. Kim calls this concept "win times three” where each party involved in a deal benefits inclusively. This approach encourages sharing and giving first, believing that life will reward those who are generous. Kim highlights the instances when she collaboratively worked with professionals like Patrick Donahoe and Caleb Williams, who could be considered competitors, but instead became collaborators. Through such co...
Jul 04, 2023•20 min•Ep. 522
In this episode of the Prosperity Podcast, Spencer Shaw and Kim Butler discuss a new direction for teaching children financial literacy, competency, and responsibility through the use of a new app called Gravy Stack. The app, along with a book titled Value Creation Kid, aims to help children learn about personal finance and money management in a fun, engaging, and interactive way. Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals arou...
Jun 27, 2023•16 min•Ep. 521
In this episode of the Prosperity Podcast, Spencer Shaw and Kim Butler discuss the impact of remote work on family prosperity and share their personal experiences and insights on working from home. They highlight the benefits and challenges of remote work through various perspectives, such as time management, leveraging technology and human resources, effective communication, and maintaining work-life balance. Best-selling author Kim Butler and Spencer Shaw show you how to take more control of y...
Jun 20, 2023•19 min•Ep. 520
In this episode of the Prosperity Podcast, Spencer Shaw and Kim Butler discuss the impact and potential benefits of AI in various aspects of life and business. They reference Dan Sullivan's insight on using AI, stressing the importance of prompts when using AI systems for specific tasks. The conversation highlights both personal and professional examples of AI application, including AI tools for crafting emails, creating a complex Google Sheet formula, and assisting in household organization, am...
Jun 13, 2023•18 min•Ep. 519
In this episode of the Prosperity Podcast, Spencer Shaw and Kim Butler discuss the things people should stop doing once they have accumulated wealth. They highlight the importance of transitioning focus from cash value to the death benefit in their whole life insurance policies, and also to stop being overly focused on tax deductions. Instead, it's recommended to build wealth with after-tax dollars that will be held as after-tax for the rest of their lives. The hosts also emphasize the need to s...
Jun 06, 2023•12 min•Ep. 518
In this episode of the Prosperity Podcast, the hosts discuss the debt ceiling crisis and its impact on people's lives. They emphasize the importance of a long-term perspective to make principle-based decisions that can weather any storm. Spencer and Kim also highlight the longevity and success of the mutual life insurance industry as an example of responsible financial management. By focusing on the things they can control and applying the principles of prosperity, they assert that individuals c...
May 30, 2023•13 min•Ep. 517
