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Crash Proof Your Portfolio with Non-Correlated Investments

“The only sure thing about luck is that it will change.”
– Bret Harte, American author and poet

Abstract background with finance data

It’s been a wild, wild ride the last week. Stock markets around the world plunged on Monday, August 24, beginning with an 8.5% percent drop in China’s benchmark Shanghai Composite index. Stock markets in Japan, South Korea, and Australia followed China down. That sparked selloffs in European markets and a dramatic, historic 1,000 point dive of the Dow, with a partial comeback by the closing bell. The S & P 500 Index fell by nearly 4 percent on Monday, following sizeable losses last week.

China’s Shanghai Index continues to drift downward, meanwhile, U.S. stocks rallied yesterday, August 26th and the Dow gained more 600 points in a single day, the biggest one-day increase since 2011. U.S. stocks have continued to climb since (with substantial daily ups and downs), yet remain nearly 6% down from one month ago. Continue reading

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Pulling Back the Curtain on Advising (Episode 040)

Do You Want to Be a Prosperity Economics Advisor?

P4P040-PullingBackTheCurtain“No B.S.” Money Guy Todd Strobel and best-selling author Kim D.H. Butler look at what it takes to become a Prosperity Economics Advisor. Todd explores what an advisor does on a day-to-day level. Kim breaks down the steps in becoming an advisor. Finally, they explain the type of person best suited for prosperity economic advising. Have you got what it takes? Find out on today’s episode of the Prosperity Podcast.

(By the way, Kim took the “long route” to being a Prosperity Economics Advisor, getting her CFP designation and Series 6 then Series 7 licenses, as well as a Series 63, Series 65 and additional education and experience (such as 4 years as co-trainer of Truth Concepts financial software and a banking background. All of the above have been learning experiences but NOT necessary to get started!)

Not mentioned in the show but also HIGHLY recommended are Truth Concepts Software, Truth Training (some advisors attend about once a year), and The Summit for Prosperity Economics Advisors. If you were going to do ONE thing to jump-start a new venture as a Prosperity Economics Advisor – or even to just seriously explore it – we would say, “Come to The Summit!”


If you would like for us to answer your question on the show be sure to keep sending us
questions and reach out to us! Continue reading

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Analyzing Annuities Through the Prosperity Principles (Episode 039)

Knowing What Annuities Can (or Can’t) Do For You

P4P039-AnalyzingAnnuitiesThroughTheProsperityPrinciplesKim Butler and Todd Strobel respond to a user-question about annuities. Kim and Todd take a hypothetical annuity through the gamut of our Prosperity Principles. Kim defines the different types of annuities. Todd uses the Prosperity Principles against annuities. Finally, Kim and Todd explain where the apprehension towards annuities comes from and look at what to do with an annuity you already possess. Do you know how to apply the Principles of Prosperity to financial decisions? 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!

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How I Lost My Daughter’s College Fund (and the Lessons Learned)

This is a guest post from Kate Phillips of Total Wealth.  Kate helps us write and edit this blog.

 How a Whopper of a Financial Mistake Became a Blessing in Disguise

college-fund-lostLast week, we published a post from Dan Sullivan of Strategic Coach, “What You Can Learn from Failure.” As I read it, it started me thinking about all that I have learned from failure, and particularly my financial failures.

We often think of money as a game that we win by earning, saving and investing successfully. So what happens when we lose it all?

Money is a great teacher, and we can gain lasting value from ALL of our experiences with money. I’ve had a lot of financial wins in my life, but it’s my losses that have brought the deepest learning. This is a story about just one such event. Continue reading

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Permission to Spend (Episode 038)

Strategies For Getting the Most Out of Your Assets in Retirement

P4P038-PermissionToSpendKim Butler and Todd Strobel dive into financial strategies to best utilize your assets by actually spending down your taxable assets first, and relying on non-taxable assets later in life.

Kim explains three strategies and their upsides. Todd focuses on the benefit of life insurance to maximize the strategies effectiveness. Finally, they discuss resources available through Partners 4 Prosperity that explores these strategies further. Is your financial strategy allowing you to have your cake and eat it 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 or to be a guest on our show, be sure to keep sending us questions and reach out to us!

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7 Phases of Financial Success (Episode 037)

Strategies to Stay Ahead of the Financial Curve

P4P037-SevenPhasesOfFinancialSuccessKim Butler and Todd Strobel dive into an old article of Kim’s entitled, “7 Phases of Financial Success.” Whether you started saving in your 20’s or whether you’re just starting in your 50’s or 60’s, you can adapt these phases for you.

Kim explains each phase of life and it’s accompanying financial goals. Todd breaks down effective ways to reach those goals. Finally, the importance of life insurance (and later converting it to whole life insurance) is analyzed as the backbone of your financial success through each phase.

Which financial phase are you in and is it too late to be successful now? 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!

Continue reading

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Learning from Failure: A Surprising Key to Wealth-Building

“The only real mistake is the one from which we learn nothing.”
– Henry Ford

Failure is not failureToday’s guest post comes from Dan Sullivan of Strategic Coach, who I’ve known for more than 20 years and whose ideas have made a profound difference in my professional success and my quality of life. We are grateful to be able feature this guest post from him.  The core lesson is an important one that should be applied to our finances as well as other aspects of life. 

– Kim D. H. Butler

What You Can Learn From Failure

From setback to breakthrough using the mindset of successful entrepreneurs.

It’s been said that entrepreneurs are a different breed, and in many ways, I believe this is true.

Over 40 years of coaching successful entrepreneurs, one of the most significant differences I’ve noticed between these high-achieving business owners and the general population is one that contributes directly and greatly to their success and happiness.

It’s a certain mindset they have around their experiences in life, and the great thing about this mindset is that anyone can develop and benefit from it.

Win or learn — your choice.

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