The Prosperity Blog

Income for Life: Create Cash Flow with an Annuity

A guaranteed lifetime income is a compelling proposition. After all—who doesn’t love the idea of being set for life?  Financial planning for retirement begs for guarantees. While it is impossible to know how long you’ll live, it IS possible to make sure you will receive (at least) a certain amount of income for the rest of your life. Especially in this age of rock-bottom interest rates, a lifetime income annuity can be a lifesaver for some retirees!

Single Premium Immediate Annuities (SPIAs) can provide this income, yet few people use them in their retirement strategies. How can you know if a lifetime income annuity makes sense for your situation? Let’s explore.

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How to Create Income From Life Insurance Policies – Episode 374

Kim and Spencer discuss how to create an income from your policies when you are in your nineties, but if you don’t think that you will make it into your nineties, Kim will advise you what to do instead.

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 killer is television – 0:57
  • What happens in your nineties – 1:15
  • Answering a listener question: “How do I create income?” – 1:56
  • The word “annuity” is not well used – 4:02
  • 85 is better than 80 – 4:49
  • Creating lifetime income – 5:30
  • The risk of longevity – 6:10
  • What’s the whole point of insurance? – 7:34
  • Having multiple policies – 8:50
  • Using the death benefit while you are living – 10:27

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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The 7 Principles of Prosperity™ in Action!

“Principle: A basic truth, law, or assumption.
A fixed or predetermined policy or mode of action.”

American Heritage Dictionary
The 7 Principles of Prosperity™ in Action!

In our Prosperity Economics philosophy, we use our 7 Principles of Prosperity™ to guide our strategies and actions. These are truths about wealth-building that have stood the test of time!

We didn’t “invent” Prosperity Economics so much as we coined the phrase to describe what already existed. The wealthy have practiced Prosperity Economics for generations. We simply observed and described the timeless principles and practices of wealth-building.

Knowing and understanding the 7 Principles can help people make confident financial decisions. So today, we review the 7 Principles of Prosperity™ along with specific action steps for managing your assets to accelerate wealth-building.

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Teaching Kids The Principles of Prosperity – Episode 373

This is a special episode, Spencer and Kim talk about the Principles of Prosperity and how to teach your kids about this important concept.

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

  • Children are so teachable – 0:44
  • Control: the ability to choose – 1:53
  • Wanting to teach your kids – 3:52
  • It is all about control – 4:47
  • Helping you teach your kids – 7:26

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

Should You Retire Early? (5 Considerations)

Do you dream of life with no alarm clock, no commute, and no boss? Then you might be one of the many Americans who aspire to retire early. But for many, the dream of early retirement leads to a rude awakening when the reality of living on a limited income sets in. Today, we examine early retirement and the challenges it brings.

Usually when people ask questions about financial decisions, it’s difficult to answer without having more detailed information about their situation. “How much do you earn? Do you have consumer debt?” and so on. But if you are asking, “Should I retire early?”—whatever your situation—we would say, “No, please don’t!”

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