The Prosperity Blog

Human Life Value – Episode 377

In the life insurance world, there’s a phrase called “Human Life Value”. In this episode, Kim and Spencer explore this topic: how to understand it, and find out what number fits 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

  • An internally used term – 0:35
  • Understanding Human Life Value – 1:06
  • Human Life Value calculation – 2:44
  • What happens when we have other investments – 5:55
  • Figure out what you need – 7:06
  • Death is a guaranteed event – 8:28
  • Whole life insurance and term insurance – 12:02
  • Guidance that will help – 12:44
  • Insurance the older generations first – 14:38

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

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Easy Money!? 15 Ways to Create Passive Income

Recently we got a listener question for The Prosperity Podcast: “Is there really such a thing as passive income?” Yes, there is! True passive income isn’t quite as rare as Santa Claus or the Easter Bunny. However, as Spencer Shaw and Kim Butler discussed in this podcast episode, there can be a LOT of grey area between earning active income (such as a job) and completely passive income.

By definition, something that is “passive” would require little to no active work or time commitment. The IRS defines passive income as only coming from two sources: rental activity or “trade or business activities in which you do not materially participate.” However, many strategies thought of as “passive income” may indeed require some work, either intermittently or in the beginning. For instance, authors or songwriters may earn passive income royalties based on work done in the past. In this article, we’ll explore 15 ways to create passive income—and semi-passive income.

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Income Maximization vs Cash Flow Maximization – Episode 376

Kim and Spencer talk about cash flow, salary, income, and much more. How can you increase your income? To find the answers, listen to this episode!

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

  • Learning more about taxation – 2:08
  • Having an entrepreneurial mindset – 2:49
  • Wanting to create more cash flow – 4:39
  • Cash flow passive income type – 5:25
  • Talking about tax brackets – 8:07
  • Turning an asset into cash flow – 12:06
  • Time is the variable – 14:34
  • An aspect of time – 15:45
  • Being clear on the why – 16:36

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

Financial Maturity: 7 Stages of “Adulting” with Money

Financial Maturity: 7 Stages of “Adulting” with Money

What does it mean to be an “adult” with money? What are the recognizable signs of financial maturity? To answer this, we’ll expand on a list co-author Kate Phillips shared in a Total Wealth video on “Adulting with Money.”

First—in case you are unfamiliar, let’s define “adulting.” The term refers to one’s ability to behave responsibly and maturely to accomplish necessary tasks.

While the focus is decidedly on behavior, financial maturity isn’t just a checklist of habits or accomplishments. It’s also a mindset. Adulting includes an understanding the role money plays in the world and the opportunities—and responsibilities—it brings.

Let’s dive in!

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Has Adulting Changed With Newer Generations? – Episode 375

Are you familiar with the term “adulting”? Kim and Spencer talk about what it is, and how prosperity got over adulting.

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

  • The generation that is coming up now – 1:00
  • Getting clear about this word – 1:22
  • Adulting could be around finances – 1:59
  • The top twenty signs of being an adult – 3:01
  • Understanding and monitoring your credit score – 5:07
  • Build your opportunity fund first – 6:39
  • Watching the news – 8:20
  • Starting the morning with coffee – 11:08

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

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