Year-End Review: Financial Checklist and Principles of Prosperity

At Prosperity Thinkers, we practice Prosperity Economics—an alternative to typical financial planning. Prosperity Economics teaches us to keep control of our own dollars and build sustainable wealth that expands our choices and cannot vanish in a stock market crash.

To measure our progress, we use our 7 Principles of Prosperity™ as a guide, because Principles help guide our actions, and our actions lead to our results. Typical financial planning tends to be too focused on returns, which often causes people to relinquish control of their dollars to other people. By learning HOW to control your money for results, you get to be back in the driver’s seat, which can save you some major time, money, and hardship.

Today, we’ll review the 7 Principles of Prosperity™ that guide our strategies and actions. That way you can learn how to use the Principles as a litmus test for your own choices, both in the past and the future. Then, we’ll share our Annual Review Checklist, which represents the quick distilled “bullet points” or what to DO when practicing Prosperity Economics.

Take some time—before or after the holidays—to do a review of your finances with our year-end financial checklist to see if you are putting Prosperity Economics principles and strategies into action!

annual review checklist, principles of prosperity

The 7 Principles of Prosperity™

How Do You THINK?

Are you thinking abundantly, or do your thoughts linger on lack and scarcity? Your consciousness will guide your experience! For instance, if you believe there is “never enough,” you’re likely in the habit of spending every penny you make, and then some. If you believe there is “more than enough,” you probably find ways to save, give, and invest in yourself.

Similarly, scarcity thinking may help you accumulate money, but makes many people afraid to use it, fearing there may NOT be “more where that came from.” Scarcity thinking equates our security with our paychecks, our retirement accounts, or our house. A Prosperity mindset recognizes the limitless value within us, leading us to create value and expand our personal economies.

SEE the Bigger Picture

Typical financial planning tells you to focus on an investment’s rate of return (above all else), the interest rate of your mortgage, and low life insurance premiums. It does not ask you to consider how your investments, mortgage, and insurance could work together—synergistically—to expand your financial capacity. Typical advice focuses on the trees, but can’t help you see the forest. Prosperity Economics asks us to look at your WHOLE personal economy and ask how to get MORE dollars growing, sustainably and reliably.

MEASURE Your Opportunity Costs

Instead of telling you to “buy everything with cash” and “prepay your mortgage,” this principle serves to remind you that your own cash has a cost. In other words, when you use cash, you aren’t just paying at face value-—-there’s an interest cost attached, even to that financial decision. No matter what choice you’re making, you either pay interest or pass up interest.

Rather than paying cash and passing up interest, you can often build wealth faster through strategic borrowing and leveraging.

Let Your Dollars FLOW

If you had a million dollars paying only one percent interest in a savings account, you’d only be able to use $10,000 a year sustainably! We want our clients to feel comfortable USING their dollars to create cash flow. There are many ways to invest for cash FLOW that have nothing to do with the stock market.

Too often, we forget that true wealth is not about amassing the largest possible pile of money. True wealth is about using our capital (dollars, skills, knowledge, connections, etc.) to create a sustainable life that inspires us, empowers us, and enables us to offer our deepest gifts.

CONTROL Your Own Financial Destiny

As we explained in our articles on “Questions Every Investor Should Ask Wall Street” and “Life Insurance Commission Shock,” many typical strategies ask you to turn over your dollars to big financial corporations that use your dollars to make them more dollars. Be wary of putting your money where you are told what you can and can’t do with it!

Don’t let the government, the Department of Labor, or even your company’s HR department dictate your investment decisions. While all assets and investments have rules that must be followed, few are as flexible as whole life insurance. By putting your dollars where YOU call as many of the shots as you can, you put yourself back in control of your financial destiny.

MOVE It or Lose It

Just like water gains power from movement, as opposed to stagnation, so too does our MONEY gain power and momentum through movement. We see our economy strengthen when money “moves,” when people start shopping for the holidays or feel confident enough to spend as well as earn. Movement is what creates cash flow in our businesses, our national economies, and our personal economies.

Think of money moving THROUGH your assets, not TO your assets. We teach our clients about the velocity of money. Wealth is not created when money sits stagnant and still under lock and key, but when it circulates to us, through us, our communities, back to us, and so on. Sure, there are going to be periods of accumulation, yet those should give you the confidence and ability to seize opportunities, rather than continue to hoard wealth you won’t even enjoy. (And, whole life insurance makes it possible to do this without robbing your future self of an income.)

MULTIPLY Your Concept of Your Dollars

When you put your dollars to work doing more than one job, they become more efficient. Just like your smartphone does more than one job, replacing an MP3, a GPS system, a pager (remember those?), a camera, a calculator, or even a tablet or laptop, your dollars can also do multiple jobs. This is what we teach our clients to do with their dollars to create more freedom!

When a dollar does many jobs, you don’t have to scrimp and save for a new car and a college education and a retirement fund and protection against emergencies and cash for investment opportunities. You can do all this at once, using a multi-purpose Prosperity Fund when various opportunities arise. Best of all, you can meet those opportunities without having to liquidate a fund and start from scratch or suffer the tax consequences of moving money from one fund to another. It’s not easy to move college savings dollars to your retirement fund, or use long-term legacy dollars for healthcare!

Your Year-End Financial Checklist

The 7 Principles of Prosperity™ guide our financial strategies, products, and decisions. With these principles in mind, we give you our Annual Review Checklist!

We often send this checklist out ONLY to our clients, yet today we’re sharing it with all our readers and subscribers. Feel free to share this article and Prosperity Thinker’s year-end financial checklist!

We also invite you to listen to a Prosperity Podcast episode in which Kim Butler gives further explanation and details about our Annual Review Checklist.

We are grateful for all good gifts, and especially for you!

Don’t hesitate to reach out to us. Although we will take some time off for the holidays, we will still check emails and messages periodically and be in contact as soon as we are able. We look forward to serving you!

1 thought on “Year-End Review: Financial Checklist and Principles of Prosperity”

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!