The Prosperity Blog

Don’t Let Wealth Skip a Generation – Episode 410

Kim and Spencer talk about wealth skipping a generation and how to keep wealth-generating within the family. Spencer shares a Chinese quote to explain a little bit more how wealth and generations are related.

Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Economics thinking and strategies today!

Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.

Links and Resources from this Episode

Show Notes

  • Financial education is not prevalent in the high schools – 1:20
  • Managing money – 2:16
  • Not teaching children about money – 3:37
  • Truth Training – 4:37
  • Four people under the age of 21 in the last Truth Training – 6:32
  • The Perpetual Wealth book – 7:59
  • Money is something not natural to us – 8:53
  • Not having financial planning education – 11:33

Special Listener Gift

Kim Butler’s groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth… and what to do instead! 

Review and Subscribe

If you like what you hear please leave a review by clicking here

Subscribe on your favorite podcast player to get the latest episodes.

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Best Ways to Find and Vet Accountants and Other Professionals – Episode 409

If you’re looking to hire good accountants, lawyers, or professionals to help you or your family… This is the episode to listen to!

Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Economics thinking and strategies today!

Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.

Links and Resources from this Episode

Show Notes

  • Location no longer matters – 1:04
  • Setting up your bookkeeping – 1:51
  • Who you choose to work with – 2:39
  • The ability to solve problems and resourcefulness – 4:58
  • Where to find the answers – 6:31
  • Geolocation and progress – 9:28

Special Listener Gift

Kim Butler’s groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth… and what to do instead! 

Review and Subscribe

If you like what you hear please leave a review by clicking here

Subscribe on your favorite podcast player to get the latest episodes.

Read More

Secrets of (PUA) Paid Up Additions – Episode 408

The secrets of paid up additions… are you familiar with that term? Listen in as Kim and Spencer unpack this term and explain it for you! 

Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Economics thinking and strategies today!

Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.

Links and Resources from this Episode

Show Notes

  • What are paid up additions? – 1:10
  • What “paid up” means – 3:11
  • The death benefit of a policy – 3:37
  • The paid up additions minimum – 5:05
  • The maximum paid up additions and your financial planning – 7:08
  • Term insurance plays a role – 12:26
  • Premium equals cost – 15:06
  • Maximizing your paid up additions every year – 17:39

Special Listener Gift

Kim Butler’s groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth… and what to do instead! 

Review and Subscribe

If you like what you hear please leave a review by clicking here

Subscribe on your favorite podcast player to get the latest episodes.

Read More

Buying Real Estate in HOT Markets – Episode 407

Real estate is one of the most talked about topics in the financial world right now and the large institutions are getting in, especially in the residential markets. Check out more about real estate in this episode as Kim and Spencer dive deep into this topic. 

Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Economics thinking and strategies today!

Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.

Links and Resources from this Episode

Show Notes

  • Buying a large home – 1:47
  • Where the money is coming from – 2:09
  • Permanent capital – 2:4
  • House prices rising – 3:54
  • Knowing what’s important for you – 10:15
  • Purchasing based on speculation – 10:53
  • Don’t speculate – 13:20

Special Listener Gift

Kim Butler’s groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth… and what to do instead! 

Review and Subscribe

If you like what you hear please leave a review by clicking here

Subscribe on your favorite podcast player to get the latest episodes.

Read More

How Safe is Your Money? Fractional Reserve Banking and Other Threats

“You’re thinking of this place all wrong… as if I had the money back in a safe. The money’s not here. Your money’s in Joe’s house…right next to yours. And in the Kennedy house, and Mrs. Macklin’s house, and a hundred others. Why, you’re lending them the money to build, and then, they’re going to pay it back to you as best they can.”
—George Bailey, It’s a Wonderful Life

How Safe is Your Money?

These famous lines from Frank Capra’s holiday classic, It’s a Wonderful Life, have been used to explain how banking works, though the details don’t exactly reflect current realities. Today, we WISH that our banks were as conservative as George Bailey’s fictional Building and Loan. If John could only borrow what Sally had originally deposited, there would be less risk!

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