Dive into today’s Prosperity Podcast episode on market volatility, especially relevant during election years and the AI surge. Kim and the host discuss how to leverage volatility as an opportunity rather than a setback, emphasizing the importance of understanding actual returns versus averages. They explore the balance between certain, stable investments like life insurance and riskier, potentially higher-yield options. Tune in to learn how to navigate financial turbulence with confidence and st...
Jun 18, 2024•14 min•Ep. 572
Dive into the Prosperity Podcast as Kim Butler explores the truth behind the dollar’s value, sharing insights on managing financial fears and avoiding economic misinformation. Listener-driven and packed with practical advice, this episode will empower you to think critically and make informed financial decisions. Perfect for growth-minded individuals! Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their pote...
Jun 11, 2024•17 min•Ep. 571
In this eye-opening episode of the Prosperity Podcast, Kim Butler unpacks the “illusion of liquidity”, revealing what liquidity truly means, why it’s crucial in volatile markets, and how to structure your finances for genuine liquidity using whole life insurance. Perfect for anyone keen on understanding the real value of liquid assets and steering clear of common financial pitfalls! Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals ar...
Jun 04, 2024•14 min•Ep. 570
In this episode of the Prosperity Podcast, Kim and Spencer dive into the world of personal finance, sharing compelling success stories. From the couple simplifying their 11 savings accounts to an accredited investor’s journey of balancing high-risk investments, there’s invaluable advice for everyone. Learn how to streamline your savings, gain cash flow control, and build lasting wealth without the stress. Perfect for listeners of all ages aiming to enhance their financial strategies. Tune in for...
May 28, 2024•16 min•Ep. 569
In this Prosperity Podcast episode, discover how renters can navigate financial hurdles and strive for homeownership amidst economic challenges. Unusual Whales’ research dives into politicians' investment patterns as a path to savvy wealth building. Kim Butler's expertise shines through as she unpacks emotional and financial intelligence needed for home buying—and offers effective savings strategies to turn home ownership dreams into reality. Tune in for actionable insights! Prosperity Thinkers ...
May 21, 2024•18 min•Ep. 568
Unlock the secrets to becoming an accredited investor with our latest Prosperity Podcast episode! Expert Kim shares actionable steps and knowledge on achieving this financial milestone—no products, just pure insight. Learn key definitions, why liquidity matters, and strategies for smart saving. Tune in to level up your investing game! Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve...
May 14, 2024•10 min•Ep. 567
Dive into resilience with Kim on the Prosperity Podcast! Amidst global uncertainties, we discuss CS Lewis' wisdom on thriving—not just surviving—in challenging times. From mindset shifts to practical financial safety nets, this episode is packed with strategies for a calm, proactive approach to life's chaos. Tune in for a life-affirming session! Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential ...
May 07, 2024•14 min•Ep. 566
Embrace financial wisdom with Kim Butler, a Robert Kiyosaki-recommended guru! With a passion for truth in finance, Kim busts budgeting myths in her new book, "Busting the Budgeting Lies." Discover how to align money with life, not math, and transform your cash flow confidence. Tune in to stop the guilt treadmill and start saving smarter. Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achi...
May 01, 2024•26 min•Ep. 565
Unveil the millionaires' playbook! In this episode of the Prosperity Podcast, expert Kim delves into 9+ strategies on how wealthy families build and shield their wealth—and their kids' future. From tax-savvy trusts to the controversial 529 plans, discover actionable methods to enhance financial literacy and capability in your household. Bonus: Kim reveals a "silver bullet" often missed by many! Perfect for parents & future planners. Tune in now! Prosperity Thinkers is proud to be an affiliat...
Apr 30, 2024•22 min•Ep. 565
This episode focuses on the concept of carefully investing in one's financial foundation by creating an emergency and opportunity fund, ideally stored in the life insurance industry for life-long accessibility. This fund should be liquid, tax-free, earning a competitive rate, and able to fund any opportunities that come one's choices, and its size should vary based on the kind of deals one seeks. It ensures one doesn't run into financial difficulties like the person mentioned who had sold a busi...
Apr 23, 2024•15 min•Ep. 564
Kim and Spencer discuss drawing on experts' knowledge instead of trying to become an expert in all areas. They highlight the importance of self-guided learning and financial education, and the current trends in both. The hosts mention the 'who, not how’ philosophy that involves leaning on expert advice rather than trying to become an expert in all areas. Kim shares her experience with financial education, emphasizing the need to simplify complex financial topics for consumers. They discuss the s...
Apr 16, 2024•13 min•Ep. 563
Kim and Spencer discuss the important difference between 'Family Bank' and 'Family Banking.' The hosts emphasize that understanding the distinction between these two concepts is crucial to managing personal and familial finances effectively. While Family Bank remains a widely misunderstood and elusive concept due to certain legal and ownership restrictions, Family Banking refers to the strategic process of managing monetary inflow and outflow, which every family can do. Essentially, Family Banki...
Apr 09, 2024•22 min•Ep. 562
Kim and Spencer discuss the concept of Charitable Remainder Trusts, an estate and wealth planning tool that not many people are familiar with. The hosts explain that these trusts allow individuals to donate assets, particularly highly appreciated ones, to a charity while avoiding substantial capital gains taxes that would be incurred as a result of selling these assets. The individual also receives a consistent income stream from the donated asset throughout their lifetime. Notably, these trusts...
Apr 02, 2024•16 min•Ep. 561
Kim and Spencer, in this The Prosperity Podcast episode, featured a discussion about whole life insurance as a financial asset and tool for emergencies and opportunities. It started with a historical look at the inception of whole life insurance by "bands of brothers" and church brethren centuries ago, aiming to address the financial losses of term insurance. As opposed to term insurance, whole life insurance was created to build an asset called cash value, which policyholders could borrow again...
Mar 26, 2024•14 min•Ep. 560
Kim and Spencer discuss the tax advantages and personal protections of life insurance. They discussed points that include the basis of taxation on life insurance, how it is similar to taxation of vehicle and home insurance, and a detailed comparison of life insurance with Roth IRA and 401(k) from a taxation perspective. They briefly talk about borrowing against life insurance cash value and also touch upon the nuances of premium structure and death benefits of a policy. Prosperity Thinkers is pr...
Mar 19, 2024•21 min•Ep. 559
Kim and Spencer engage in a deep-dive discussion about life insurance policies. They emphasize the importance of having the right mindset and principles when dealing with life insurance policies. They elaborate on the concept of overfunding and underfunding these policies. Kim and Spencer mention how the premium of a policy can build cash value and the ways that a "Paid Up Addition" could increase the death benefit and build cash value. They caution against overfunding your policy beyond the IRS...
Mar 12, 2024•20 min•Ep. 558
Spencer and Kim discuss the concept of luck and its relation to hard work. They argue that luck can be misleading since it insinuates that success doesn't need work or can be taken away at any moment. Instead, they emphasize that working is a way of serving and creating value, making it the foundation for success. They also underline that when one is prepared and actively participating, opportunities arise that may be perceived as luck but in reality, are the product of effort and preparation. T...
Mar 05, 2024•15 min•Ep. 557
This episode centered around the concept of cutting expenses, discussing how efforts to decrease spending often lead to limited financial success. Referencing the book, No Worries by Jared Dillian, a finance writer and former Wall Street employee, this episode highlighted the drawbacks of focusing solely on expense reduction. Rather than achieving true prosperity, continual cost-cutting may lead to financial stagnation. Spencer and Kim also emphasized the importance of rising above cutting costs...
Feb 27, 2024•18 min•Ep. 556
Prosperity Pets consists of a series of stories that provide lessons concerning prosperity. Kim shares the unique idea behind a stuffed pet that is an exact replica of her dog, Emma, leading the hosts to connect it with the idea of Prosperity Pets. The primary aim of these stories is to teach children and adults alike the importance of being prosperity thinkers, akin to pets that pull out positivity and live in the moment. The intention is to combine the fun and engaging nature of pets with the ...
Feb 20, 2024•17 min•Ep. 555
Kim Butler chats with Garrett Gunderson, they talk about his ongoing book projects including revised versions of "Killing Sacred Cows'' and "What Would the Rockefellers do," and his children's book "I am Money". They delve into the importance of adaptive learning and self-care, illustrating how treating oneself as the greatest asset can lead to better productivity and generosity. In another segment, Butler shares her views on the perception of work, resilience, failure, and retirement. She argue...
Feb 15, 2024•30 min•Ep. 554
This episode talks about the concept of "thinking big enough" inspired by some song lyrics, highlighting the importance of songs as they carry messages that stick. Kim, introduces the term "visioneering", which substitutes setting specific goals with envisioning a future that inspires and propels us forward, as she believes goals can be inherently limiting. She explains that visioneering differs from goal setting as it encourages long-term and expansive thinking that is constantly changing, inst...
Feb 13, 2024•20 min•Ep. 554
This episode delves into the topic of offshore banking alternatives. The hosts, contemplating the changing economy and threats of central bank digital currencies, discuss the importance of retaining control over personal wealth. They share fascinating insights into medical tourism and reflect on the attractiveness of the US dollar in countries like Brazil and Mexico. They underline the importance of having control over personal wealth. For those just starting their careers to those with a net wo...
Feb 06, 2024•23 min•Ep. 553
This episode discusses the 'anti-debt snowball', challenging mainstream financial advice from figures like Dave Ramsey and Suze Orman. The hosts criticize these advisors for focusing solely on eliminating debt without preparing listeners for steps afterward. They argue that efficiently managed debts, such as student loans and mortgages, can be integral to personal financial strategy and shouldn't necessarily be the priority to eliminate. Instead, the hosts emphasize the need for the cash flow fo...
Jan 30, 2024•12 min•Ep. 552
Kim and Spencer discuss the importance of regulating one's own reactions to global events, particularly how these events impact personal finance. They emphasize the idea of having a 'news diet' or 'news fast' to maintain a sense of perspective and control, arguing that individuals should not allow uncontrollable world events to impact their controllable personal finances. They also delve into how individual mindset plays a key role in personal finance and the danger of fear. They propose choosin...
Jan 23, 2024•15 min•Ep. 551
The hosts share their thoughts on financial education and empowerment, critiquing the recent push in high schools for required financial literacy classes, which they feel are of varying quality and focus too heavily on stock trading. They discuss the need for better analysis and interpretation skills in the face of Artificial Intelligence and sound bites that can provide misleading information. Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping in...
Jan 16, 2024•13 min•Ep. 550
This episode of the Prosperity Podcast discusses the importance of aligning money and life goals. The hosts stress the common misconception that personal finance is separate from life's 'woo woo stuff', arguing instead that they are interconnected. They mention the Currence app, which is an invitation-only savings structure that encourages sustainable spending patterns and purposeful saving. However, the app is not for budgeting, which the hosts believe is an ineffective method of managing finan...
Jan 09, 2024•13 min•Ep. 549
In this episode of the Prosperity Podcast, the hosts discuss the practice of year-end reflection and goal setting. Rather than strictly adhering to the January 1st New Year timeline, they advocate for personalized reflective dates, such as birthdays or anniversaries. The hosts stress the importance of turning the process of goal-setting into a collective family activity and the significance of handwriting responses due to its brain engagement. Prosperity Thinkers is proud to be an affiliate of t...
Jan 02, 2024•14 min•Ep. 548
This episode of the Prosperity Podcast discusses overcoming financial anxiety. The hosts, Spencer Shaw and Kim Butler, stress the importance of ensuring cash flow structure in one's life to manage and control cash flow. The conversation revolves around averting financial anxiety through a conscious understanding of one's financial status and the need for investments and assets to work harmoniously together. Spencer and Kim differentiate the approach to financial anxiety across various lifespans....
Dec 26, 2023•15 min•Ep. 547
This episode delves into insurance policy setups, trust setups, and beneficiaries. The hosts argue that it's often made to seem complicated to confuse listeners and push them to go for certain services. Their mission is to demystify the process and teach it from a 'prosperity perspective'. The complexities of the field are discussed, including beneficiary classes, and how people often feel overwhelmed when they become a beneficiary or executor to a parent's will. The importance of setting things...
Dec 19, 2023•16 min•Ep. 546
This episode centers around the concept of debt and how it can be viewed from the perspective of optimism, drawing from the writings of finance author Jared Dillian. Kim and Spencer point out that while many associate debt with negative feelings, it can also be an indicator of confidence in the future. However, they warn caution, citing the importance of avoiding frivolous debt and "keeping up with the Joneses." They share their belief in maintaining a positive approach towards financial future,...
Dec 12, 2023•22 min•Ep. 545
