The Prosperity Blog

Understanding Asset Protection with Cash Value Life Insurance – Episode 401

Kim and Spencer talk about the different regulations and protections that you get state by state, how you’re more protected or less protected about cash value life insurance, and whether your state protects you in case of a lawsuit.

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 protection percentage by state – 1:54
  • What happens if you move – 3:28
  • A story about protection and the state of Arizona – 6:56
  • Not liking the idea of retirement – 7:56
  • The Perpetual Wealth Book coming out – 8:47
  • “Think” as the first principle of prosperity – 11:15

Special Listener Gift

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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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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7 Investment Strategies for Volatility in the Market

“Every decade or so, dark clouds will fill the economic skies, and they will briefly rain gold. When downpours of that sort occur, it’s imperative that we rush outdoors carrying washtubs, not teaspoons. And that we will do.”

Warren Buffett

These are uncertain times for investors. There’s volatility in the stock market, uncertainty in the housing market, and massive unpredictability in the political arena. Let’s take a look at what’s happening and—most importantly—effective strategies for volatility that will keep you building wealth in any market!

The stock market: 2020 was a volatile year for the stock market. Lockdowns saw the market plummet, then making some recoveries later in the year. Now in 2021, we’ve seen crazy things happen with GameStop, AMC, and other businesses exploding artificially overnight.

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5 Books Kim Gives to New Couples – Episode 400

This is a special episode because we’re going to go inside Kim’s world and understand the gifts and the presents she gives to new couples when they get married. 

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

  • Spending a lot of money for a one-day event – 0:56
  • Seeing their future prosperity – 1:43
  • Giving the couple two of the five books she always recommends – 3:19
  • Books are valuable for a couple – 4:12
  • Books that are the foundation of a strong marriage – 4:54
  • “The 5 Love Languages” book – 5:54
  • “Striving Zones” by Kathy Kolbe – 6:34
  • “Now, Discover Your Strengths” book –  7:35
  • A book about raising a child: “My First 300 Babies” – 8:29
  • Giving financial books as a wedding present – 10:40
  • Communication to solve problems – 13:45
  • Enjoy these five books and learn from them – 15:13

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

Three Monkeys and a Cat: the Truth about Picking Stocks

Monkeys with stray kitten“A blindfolded monkey throwing darts at a newspaper’s financial pages could select a portfolio that would do just as well as one carefully selected by experts.”
-Burton Malkiel, Asset manager and author of A Random Walk Down Wall Street.

Who knew that Economist Burton Malkiel’s comment would be so prophetic!? Malkiel hypothesized that share prices move completely at random, making stock markets entirely unpredictable. While his statement about blindfolded monkeys and dartboards was a reference to the randomized nature of stocks and not a prescription for stock market success, it was only a matter of time before it was put to the test.

In 1988, the Wall Street Journal ran the first of many Dartboard stock picking contests. WSJ staffers acting as the monkeys, throwing darts at a stock table, while investment experts picked their own stocks. After six months, they compared the results of the two methods, along with stock picks from some of its readers.

The results? In the initial contest, the experts edged out the darts. However, as further “experiments” continued, the experts fared less well against darts thrown by people and, eventually, monkeys.

Money Managers or “Monkey” Managers?

In January 1999, a chimpanzee actress named Raven (the star of Babe, Pig in the City) threw 10 darts at a dartboard of 133 internet related companies. Within six trading days one of her picks was up a whopping 95%! By the year’s end, according to George Fisher, author of The Streetsmart Guide to Overlooked Stocks, Raven’s portfolio of ten randomly-selected stocks had outperformed more than 6,000 internet and technology money managers earning an astonishing 213% return.

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Understanding the Impact of Credit in the Economy

Most of us have a basic understanding of how credit and debt works based on our personal experiences. We borrow someone else’s money (the bank’s, the mortgage company’s, a friend’s), then we buy something and repay the lender with interest. That’s the basic formula: whether credit is for a house purchase, a car, or dinner at a restaurant. Whether credit is for a house purchase, a car or dinner at a restaurant, that’s the basic formula.

Likewise, the typical questions asked are as simple as, “Who will lend me the money, and can I afford the payments?” While important considerations, we also think there are equally important questions that people aren’t asking. And right now, the question on many people’s minds is, “What will happen to debt if the dollar inflates?

So let’s talk about debt–good debt, bad debt, inflation, and credit. How do these ideas fit together?

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