Best-selling author Kim Butler and No B.S. Money Guy Todd Strobel talk about Prospective Product Bloat, which is the current phenomena of having too many financial planning tools to choose from. They explain how it may be better just to simplify your finances.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at welcome@ProsperityThinkers.com and we may answer it in an upcoming episode.
Links in this Episode:
Listener gift – Financial Planning Has Failed book and audiobook
Submit your questions welcome@ProsperityThinkers.com
00:30 Prospective Product Bloat
00:45 Is complex better or just a sales technique?
01:21 Kim’s experience selling these products
02:18 Quick answer: Simple is better
03:50 Example of simplifying
04:33 Question for listeners
06:55 3 Things money should do: Be liquid, grow, create income
08:00 Bridge loan investing
10:30 Concepts should be explainable to a high school student
11:33 The client should drive the meeting
13:24 Find an advisor that will listen to you