Prosperity Thinkers BLOG
At Prosperity Thinkers™, we have a wealth of information for you. Please take a moment to look through everything and if you have questions, please email Support@Prosperitythinkers.com.
More Money in Retirement
A Case Study for the National Network of Estate Planning Attorneys This presentation from Todd Langford of Truth Concepts software and Kim Butler, founder of Prosperity Thinkers demonstrates the effectiveness of using high cash value whole life insurance instead of bonds in a portfolio to: reduce income taxes, increase income in
10 Mistakes Entrepreneurs Make with Money
Self-employed, entrepreneur, or small biz owner… you’ve taken the road less traveled. You are freedom-oriented and independent. You’ve traded the so-called security of a J.O.B. for the opportunity to pave your own path. I understand. After a job in banking and several years working for a
How to Kickstart (and Automate) Your Savings!
“As important as I think (saving) is, national savings has always been relegated to the B list of economic measures.” Edward M. Gramlich, Board of Governors of the Federal Reserve from 1997 – 2005 Believe it or not, there was a time not long
Can Money Buy You Happiness? The Surprising Link Between Money and Happiness
“All I ask is the chance to prove that money can’t make me happy.” Spike Milligan Are people who make more money happier? What about people who save more? Can people be happy with very little? And how do our spending habits impact our
Asset Transfers: How to Buy Life Insurance with Other Assets
With a new generation of young adults coming to age in an economic landscape that has seen sharp economic and falls following the Great Recession and COVID-19, cash value life insurance holds a unique position in the landscape of savings, risk tolerance, and certainty.
The No-Buy Challenge To Spend Less… And Save More!
Have you heard of the “no-buy challenge”? In 2019, Prosperity Economics Movement co-founder Kim Butler declared a “no buy year” for clothing and skincare products. At the time, she was unaware of the growing no-buy trend. She was just very aware that she had
Is It Worth the Risk? The Benefits of Life Insurance
“A policy of life insurance is the cheapest and safest mode of making a certain provision for one’s family.” Benjamin Franklin Table Of Contents Life Insurance Premiums Cash Value Insurance Being a “High-RIsk” Insured Protection for Business Owners Are You Seeking the Right Life
The Difference Between Investing and Gambling
In April 2019, The New York Times alerted us to the danger of overconfidence when investing. The paper quoted Mark Fonville, president of Covenant Wealth Advisors. He explained that many higher net-worth clients approaching retirement will try to carry with them the spirit of
Rethink Retirement: Why 87 is the New 65
It’s past time to rethink retirement. “Why,” one might ask. The unfortunate problem with the concept of retirement is that many of us think that we know what we want and what to expect. The beach after all (or some other vacation destination) beckons