The Prosperity Podcast
Economics
Take control of your money. Join Kim D. H. Butler, best-selling financial author, and Spencer Shaw, as they use their prosperity mindset to utilize wealth-building tactics. Learn about the 7 Principles of Prosperity and how to make your money work as hard as you do. The Prosperity Podcast is the personal finance show for independent thinkers, investors, and business owners, who want off of Wall Street and out of the big banks. We teach listeners how to take control of their money and start living the life they choose NOW rather than waiting for retirement at some future date. There are 7 principles that when followed, lead to increased wealth and prosperity. We share the 7 principles and show you how they can help to create lasting results in your life. Learn how you can use tools such as life insurance, entrepreneurship, and out-of-the-box thinking to build true, sustainable wealth. For more information and to get in touch, visit https://prosperitythinkers.com
Location:
TX
Description:
Take control of your money. Join Kim D. H. Butler, best-selling financial author, and Spencer Shaw, as they use their prosperity mindset to utilize wealth-building tactics. Learn about the 7 Principles of Prosperity and how to make your money work as hard as you do. The Prosperity Podcast is the personal finance show for independent thinkers, investors, and business owners, who want off of Wall Street and out of the big banks. We teach listeners how to take control of their money and start living the life they choose NOW rather than waiting for retirement at some future date. There are 7 principles that when followed, lead to increased wealth and prosperity. We share the 7 principles and show you how they can help to create lasting results in your life. Learn how you can use tools such as life insurance, entrepreneurship, and out-of-the-box thinking to build true, sustainable wealth. For more information and to get in touch, visit https://prosperitythinkers.com
Language:
English
Episodes
Why Paying Off Your Mortgage Is A HUGE Mistake - Episode 508
3/28/2023
Kim and Spencer discuss why paying off your mortgage early may not be the best strategy for financial prosperity, as emotional attachment to homes can lead to emotional decision-making. The time value of money and opportunity cost must be considered, and the best mortgage loan is a 30-year fixed interest rate mortgage paid over time and refinanced until the borrower dies. Redirecting extra mortgage payments towards paid-up life insurance can be more efficient in building an asset that is not...
Duration:00:15:59
Time Value of Money - Episode 507
3/21/2023
What’s the meaning of money for you? A lot of people believe that the more money you have, the happier you are. But how can you maintain the balance between your time, your value, and your money?
In this episode, Spencer Shaw and Kim Butler delve into the concept of the time value of money. They take a deep dive into the importance of finding a balance between saving and spending along with valuing time as much as money. Spencer and Kim also share their best practices in looking at money...
Duration:00:13:26
Creating Tax-Free Wealth - Episode 506
3/14/2023
The concept of visioneering is believed to help lift people’s chins up and look forward to the future. It can be used to look at the opposite side of a goal: Like paying a s much tax as possible to achieve a higher tax bracket.
For today’s episode, Spencer Shaw and Kim Butler talk about how to create and promote a wealth-building plan, emphasizing the importance of having a vision and diversifying your own portfolio. They also discuss the different tax implications of various retirement...
Duration:00:21:12
Protecting Your Legacy and Prosperity - Episode 505
3/7/2023
They say that people die twice: The first time is their physical death and the second time is the last time their names get mentioned.
While life is still ahead of us, should you start preparing as early as now?
In this episode, the conversation between Spencer Shaw and Kim Butler centers around wealth protection and the need for preparing for what to come upon your death. This episode not only covers wealth protection, but also family protection, memory protection, and more.
The...
Duration:00:12:53
Wealth Protection - Episode 504
2/28/2023
After working hard to create your personal wealth, the next step is the need to protect it. And one way to do that is to acquire insurance to protect yourself from major financial loss.
Wealth protection can be achieved through life insurance, taxes, and asset formation. Other strategies such as reverse mortgages, charitable remainder trusts, and single premium immediate annuities are also effective.
In this episode, Spencer Shaw and Kim Butler talk about the different strategies such as...
Duration:00:18:26
Prosperity Ladder: Categories of Wealth - Episode 503
2/21/2023
We all have money concerns from time to time: We want to continue paying the bills, we want to earn more money for investments, and we want to save more for retirement.
But to start getting the financial freedom and success that you’re aiming for, what’s the first step?
In this episode, Spencer Shaw and Kim Butler discuss the Prosperity Ladder, an infographic created to help people understand their financial situation and progress. Kim explains that the ladder is useful for people of all...
Duration:00:18:05
The New Emergency Fund? - Episode 502
2/14/2023
Good news Prosperity Thinkers!
After releasing the Currence app, we got positive feedback from users. They’ve already seen positive results such as AHAs and the value of converting conscious spending into unconscious savings.
To get access to the app, send an email to hello@prosperitythinkers.com with the subject line "Currence" today.
In this episode, Spencer Shaw and Kim Butler discuss some of the hidden benefits of the Currence app. With the app, users can convert conscious spending...
Duration:00:16:52
Collaboration - Episode 501
2/7/2023
When the members work together to achieve the same goal, team collaboration occurs. As each member of the team has their own unique skills, they can help solve the problem from a different angle and provide a more creative solution.
But how can you apply collaboration in your personal life?
In this episode of the Prosperity Podcast, Spencer Shaw and Kim Butler discuss the surprising benefits of collaboration. Kim explains that Dan Sullivan, her coach, and mentor, has talked for years about...
Duration:00:14:12
500th Episode Celebration with You - Episode 500
1/31/2023
Happy 500th episode of the podcast!
As we celebrate this milestone, for today’s episode, Spencer Shaw and Kim Butler reflect on the journey, noting how listeners have grown with them over the years. They share how they stumbled upon the podcast as a space to communicate with clients and people interested in becoming clients.
Spencer and Kim also discuss the growth of podcasts in the past five years and how technological advances have made them more accessible and easier to produce. They...
Duration:00:17:23
The Levels of Wealth - Episode 499
1/24/2023
How can you go from being in the lower middle class to the upper middle class? Is it even possible? If so, how can you go and raise your level of wealth?
For today’s episode, Spencer Shaw and Kim Butler discuss different levels of wealth. They explain that the bottom is an emergency fund, the middle class is often stuck, the upper middle class is when you become an accredited investor, and the upper class is when passive income exceeds expenses.
The middle level of wealth is often where...
Duration:00:14:00
Simplify Your Savings with Currence - Episode 498
1/17/2023
How do you keep track of your expenses and finances? Do you use the traditional pen and paper to jot down the numbers you’re spending or saving or do you take advantage of the technology to effectively track your finances?
For today’s episode, Spencer Shaw and Kim Butler discuss a new innovation for tracking finances: Currence.
What exactly is Currence?
Currence is an app and account that tracks finances and optimizes them based on the Profit First methodology. It puts all income into its...
Duration:00:14:30
Why Use Life Insurance in 2023? - Episode 497
1/10/2023
Whole life is an insurance product that is designed to help families build and store emergency opportunity money. Although it is oftentimes a misunderstood space in personal finance, it is the most valuable tool for building liquid emergency money.
In this episode, Spencer Shaw and Kim Butler discuss the reasons why whole life insurance is a better investment than other options like savings accounts or CDs. They mention that the monthly premium forces you to save, the life policy earns a...
Duration:00:15:45
Using AI For Our Prosperous Future - Episode 496
1/3/2023
Do you use artificial intelligence in your personal and business life? How does using AI help simplify your tasks?
In this episode, Spencer Shaw and Kim Butler discuss open AI and how it is changing the world as we know it. They talk about how technology is revolutionizing the way we think about and use artificial intelligence. They also share how this technology is impacting our lives and how we can use it to prosper.
Best-selling author Kim Butler and Spencer Shaw show you how to take...
Duration:00:10:01
A Prosperous State of Mind - Episode 495
12/27/2022
What are the things you’re grateful for this year?
The conversation centered around the importance of having a prosperous mindset going into the new year. Spencer and Kim discuss how to shift your mindset to be more prosperous. Kim recommends starting with physical activity to wake up your body and mind, and then connecting with a dog to find joy in the moment.
Kim also mentions that it is important to take some time to reflect on what we are grateful for and to focus on what brings us...
Duration:00:07:39
Your Tax Savings and Prosperity Strategy - Episode 494
12/20/2022
Racing to pay zero taxes is a race to the bottom and nobody wins. With the end of the year fast approaching, how can you minimize the amount of tax you’re paying for?
For today’s episode, Spencer Shaw and Kim Butler share the seven different tax-related strategies that people can use to reduce their taxable income. They caution against letting the tax tail wag the financial dog, meaning that people should not pursue tax benefits at the expense of their financial well-being. They also...
Duration:00:12:25
Money Is Everywhere - Here's Proof - Episode 493
12/13/2022
People are making money in ways that may seem unconventional, but there are opportunities for making money everywhere. Whether it's selling photos of surfers in Bali or charging people to name their babies, there are ways to make money if you're willing to think outside the box.
In this episode, Spencer Shaw and Kim Butler discuss the difference between money and wealth. Money is everywhere, but wealth is something that is built over time. They also talk about the importance of saving money...
Duration:00:11:28
Busting the College Planning Lies - Episode 492
12/6/2022
Is going to college necessary? While a lot of people will argue that everyone should go and get a college education, there are also many successful people who think that going to a university is not for them.
In this episode, Spencer Shaw and Kim Butler talk about college planning and how it can be detrimental to a student’s success. They discuss the new book, Busting the College Planning Lies, how these lies can cause students to waste time and money, and provide advice on how to avoid...
Duration:00:07:59
11 Money Rules for Kids - Episode 491
11/29/2022
Should children learn the value of money as early as they can? How can you teach kids to prioritize their needs over their wants, like picking the needs for new clothes rather than wanting a new toy?
For this episode, Spencer Shaw and Kim Butler discuss the importance of teaching delayed gratification and saving money to kids. They talk about the benefits of having an abundant mindset when it comes to money at a young age. Spencer and Kim also reiterate the importance of investing and how...
Duration:00:12:04
The Art of Delegating and Focusing on Strengths - Episode 490
11/22/2022
Delegation can be an effective way to free up time and energy for people to focus on what they are good at. It should be done properly, with clear expectations and responsibilities, and it can also be done within a community, in a business, and within the family.
Spencer Shaw and Kim Butler explain how delegation can be an act of love and in order to delegate effectively, you need to find the best person for the job. They also discuss the concept of delegation in the community and how...
Duration:00:13:00
What Is Happening to the Dollar? - Episode 489
11/15/2022
What will happen once the dollar crashes? As a lot of people are scared of inflation and its impact, is there a way to minimize its effect?
For today’s episode, Spencer Shaw and Kim Butler talk about how you should focus on what you can control and not worry about the things that you can’t control in terms of inflation. They discuss the current state of the economy and the stock market and how you should start focusing on things that will maintain their value in the long term, like real...
Duration:00:13:53