The Prosperity Podcast

Scott Donnell, developer of the GravyStack app, highlights the need for children to learn money skills. Drawing from his study of wealthy families' strategies, he found that these families fostered financial responsibility in their kids by simulating real-world expenses and expectations from a young age. This empowers kids to handle money related to everyday activities, cultivating a sense of gene...

This Prosperity Podcast episode emphasizes the idea of collaboration over competition. Kim calls this concept "win times three" where each party involved in a deal benefits inclusively. This approach encourages sharing and giving first, believing that life will reward those who are generous. Kim highlights the instances when she collaboratively worked with professionals like Patrick Donahoe and Ca...

In this episode of the Prosperity Podcast, Spencer Shaw and Kim Butler discuss a new direction for teaching children financial literacy, competency, and responsibility through the use of a new app called Gravy Stack. The app, along with a book titled Value Creation Kid, aims to help children learn about personal finance and money management in a fun, engaging, and interactive way. Prosperity Think...

In this episode of the Prosperity Podcast, Spencer Shaw and Kim Butler discuss the impact of remote work on family prosperity and share their personal experiences and insights on working from home. They highlight the benefits and challenges of remote work through various perspectives, such as time management, leveraging technology and human resources, effective communication, and maintaining work-...

In this episode of the Prosperity Podcast, Spencer Shaw and Kim Butler discuss the impact and potential benefits of AI in various aspects of life and business. They reference Dan Sullivan's insight on using AI, stressing the importance of prompts when using AI systems for specific tasks. The conversation highlights both personal and professional examples of AI application, including AI tools for c...

In this episode of the Prosperity Podcast, Spencer Shaw and Kim Butler discuss the things people should stop doing once they have accumulated wealth. They highlight the importance of transitioning focus from cash value to the death benefit in their whole life insurance policies, and also to stop being overly focused on tax deductions. Instead, it's recommended to build wealth with after-tax dollar...

In this episode of the Prosperity Podcast, the hosts discuss the debt ceiling crisis and its impact on people's lives. They emphasize the importance of a long-term perspective to make principle-based decisions that can weather any storm. Spencer and Kim also highlight the longevity and success of the mutual life insurance industry as an example of responsible financial management. By focusing on t...

In this episode of the Prosperity Podcast, Spencer Shaw and Kim Butler discuss wealth building secrets of millionaires and why the term millionaire isn't as exciting as it used to be. They mention that focusing on cash flow is more important than net worth. The conversation explores the importance of transactions, such as starting, buying, and selling a business or real estate, which can lead to s...

In this episode of the Prosperity Podcast, the hosts, Spencer Shaw and Kim Butler, discuss the importance of avoiding zero-sum games, in which there is a winner and a loser. They provide examples of such games, including gossip, which can harm all parties involved, and share ways to combat this mentality. They also discuss the role of life insurance as a "win-win-win" financial product, particular...

In this episode of the Prosperity Thinkers Podcast, the focus is on the importance of philanthropy and giving forward. The hosts discuss the concept of the "velocity of money" and how participation in initiatives like kiva.org can help move money and improve one's own personal economy. They highlight different ways of engaging in philanthropy, such as donating small amounts to causes important to...

Kim and Spencer discuss responsible borrowing and how to use debt to your advantage, particularly when it comes to building businesses or making investments. The conversation emphasizes the importance of having a proper mindset before considering taking on debt and being confident in the ability of the investment or business to generate enough cash flow to pay off the debt. The podcast also highli...

Kim and Spencer discuss the intersection of health and wealth and the importance of investing in personal well-being for long-term prosperity. They emphasize the significant impact of physical and mental health on a person's overall prosperity and ability to think and function optimally. The conversation highlights the benefits of seeking personalized guidance in various aspects of life, such as p...

Kim and Spencer discuss the concept of living for experiences versus living for stuff. They share personal experiences and observations from their careers and highlight the importance of focusing on more meaningful aspects of life, such as relationships and personal growth. The conversation touches on the role of social media in showcasing one's possessions or experiences, and they emphasize the n...

Kim and Spencer focus on the safest ways to store savings during uncertain times for banks, considering alternatives like mutual life insurance companies and T-bills. The expert, Kim, explains mutual life insurance companies as a secure place for storing cash value, emphasizing the safety of the institution in comparison to banks with fractional reserves. She also encourages people to focus on wha...

Kim and Spencer talk about the fascinating world of Artificial Intelligence (AI) and its potential to reshape the financial advising industry as we know it. With Kim sharing her firsthand experience from attending the renowned Abundance360 event, this conversation offers valuable insights for listeners who aspire to stay ahead of the curve and harness the power of AI in their practices. Throughout...

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 mortgag...

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 valuin...

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...

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 co...

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 effecti...

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 th...

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...

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 co...

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 year...

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 upp...