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Bringing the 7 Principles of Prosperity to Life

P4P-003-Bringingthe7PrinciplesofProsperitytoLifeYou’ve heard what the 7 Principles of Prosperity™ are, now how do you use them to maximize your money?

In this episode of The Prosperity Podcast, No B.S. Money Guy, Todd Strobel, and best-selling financial author, Kim D. H. Butler, examine a real life example through the lens of the 7 Principles.

Using the 7 Principles of Prosperity™ as an “opportunity filter,” Kim and Todd look at Bridge Loan investments in the form of first lien commercial and investment mortgages. (Read about bridge loan investments and hard money lending here.)

Breaking it down, principle by principle, Todd and Kim explain how each of these 7 concepts work in the example of a first lien mortgage situation. They also explain how to evaluate any investment for its wealth-building potential according to the 7 Principles of Prosperity™. Continue reading

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The Truth About Typical Financial Planning and Advice

“The fancy graphs and charts giveth, and the fine print taketh away.”
- Financial Planning has Failed

The Truth Green Road SignThe following is an excerpt from our new ebook by Kim Butler and Kate Phillips, Financial Planning Has Failed. You can get the entire book for free as part of Partners for Prosperity’s BRAND NEW Prosperity Accelerator Pack.

I entered the field of financial planning with gusto, optimism, and the enthusiasm of a true believer. At first, financial planning was exactly what I had hoped for – a chance to be successful through helping people financially. But over time, disillusionment set in.

Financial planning sounded like a good idea, and it’s certainly much better than nothing! But as I learned, it was all based on best guesses, assumptions, unfounded optimism and mathematical half-truths. Continue reading

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Powerful Principles of Prosperity

P4P-002-PowerfulPrinciplesofProsperityPicking up where they left off last episode, Kim D. H. Butler joins No BS Money Guy Todd Strobel in discussing the remaining 4 principles of the 7 Principles of Prosperity.

Kim and Todd start the episode off by reminding us of the first 3 principles – Think, See, and Measure – and briefly recap details and applications of these 3 principles.

Continuing on, Kim then introduces the remaining 4 principles: Flow, Control, Move, and Multiply. She goes into detail about what these principles are and what they mean for us. She provides strategies involving these principles to help us more fully utilize our money and maximize our prosperity potential. Continue reading

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Let’s Talk Prosperity

Let's Talk ProsperityBestselling author Kim D. H. Butler and co-host Todd Strobel sit down to talk Prosperity and discuss strategies to help us reach that lofty goal. Kim shares what Prosperity means to her and how to get our dollars to do more by utilizing a prosperous mindset.

Kim and Todd discuss the differences between Scarcity and Prosperity and the benefit of recognizing continuous potential for more resources. We can learn how to experience prosperity without taking away from someone else.

Todd and Kim tell us about how we don’t have to take greater risks with our money in order to experience prosperity; we don’t have to settle and deal with risk tolerance. They introduce us to the 7 Principles of Prosperity and review the first three: Think, See and Measure. Continue reading

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Credit Card Death

Credit Card Death (Not a typo):

gtfpGot debt? A lot of hard working Americans go to bed every night worrying about the seemingly endless trap of paying off debt. This stress is costing far more than dollars.

According to a recent article, The true cost of debt: People struggling to pay loans are “three times more likely to have mental health problems.”

No BS Money Guy Todd Strobel and Co-Host Best Selling Author Kim Butler look at the true cost of debt and more importantly, ways to reduce stress and take control of debt.

If you need a solution for your credit card debt, we recommend Partners 4 Fiscal Fitness. They can help you out of debt in as little as 1-3 years without bankruptcy or a consolidation loan.

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The Whole Life vs. Term Insurance Debate

“It is better to debate a question without settling it than to settle a question without debating it.”
- Joseph, Joubert

 Should You “Buy Term and Invest the Difference”?

insurance-debateIn a recent comment from a reader on a post about Universal Life Insurance and Indexed Universal Life (IUL),  a reader left a comment containing many common life insurance lies and misunderstandings. Since these misleading ideas are out there all over the internet, we thought we’d use this as an opportunity to address them, point by point.

 

(The comment):  Continue reading

Posted in CASH VALUE INSURANCE, LIFE INSURANCE ADVICE, PERSONAL FINANCES, WHOLE LIFE INSURANCE | Tagged , , , , | Leave a comment

What is the Cost of a Bad Habit?

gtfpJoin No BS Money Guy Todd Strobel and Co-Host Best Selling Author Kim Butler.

On this we show we often refer to the opportunity cost associated with a particular action or inaction.

What is the long term cost of a bad habit? These costs include physical, social and emotional as well as financial!

These bad habits include:

  • Obvious-Smoking, drinking or drugs .
  • Not so Obvious-Procrastination, video games, shopping, competitive life style purchases, etc.
  • Can You Think of More Examples?

The earlier we can correct bad habits the more time we have to recover lost opportunity cost.

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