Having A $500,000 Year-Income And Not Saving – Episode 306

Could you imagine how a $500,000 income could be considered scraping by? Kim and Spencer dive into the actual definition of scraping by and give us some examples of their own experiences as financial advisors. Stay tuned to listen to our hosts discuss the terms “lean years” and “green years” as they analyze their applications with an example of a couple that has a $500,000 year-income.

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 we*****@Pr****************.com and we may answer it in an upcoming episode.

Links and Resources from this Episode

Show Notes

  • Defining income and expense – 0:48
  • Lean years and Green years – 1:00
  • The profitability of a business – 1:14
  • What is a green year? – 1:40
  • Teaching your kids about lean and green years – 2:52
  • Example of a lean year – 3:13
  • Earning $500,000 a year – 3:50
  • Discussing the CNBC article – 4:16
  • Discussing the subject of “money” with the family – 9:22
  • Communication in the family – 10:05
  • Increasing your cash flow – 10:30
  • Discussing the importance of “savings” –  10:55
  • A high-income earning couple – 12:34
  • Saving first – 12:46
  • The cost of personal care – 14:24
  • Thinking differently to get different results  – 17:58

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.

Leave a Comment

Your email address will not be published. Required fields are marked *

Share this post


Begin your journey with the Prosperity Action Pack

Get immediate access to our short ebook Your Guide to Activating Prosperity, audio recording, our summary sheet about the 7 Principles of Prosperity™, and our subscriber-only Prosperity on Purpose Round-Up. 

Just fill out this form and get access now!

Activate Your Prosperity Journey Today.