In this episode of the Prosperity Thinker Podcast, Kim and Spencer tackle a listener’s query on wealth preservation across generations. Drawing on family tales and lessons, they explore why wealth seldom survives beyond three generations and share actionable strategies to change this. Learn how to instill enduring values, work ethics, and financial competence in kids through gigs instead of chores, a “three jar” system for financial literacy, and fostering open money discussions. Tune in for invaluable insights to nurture a legacy of prosperity.

Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, that as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.

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 Thinkers' thinking and strategies today!

Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.

Links and Resources from this Episode

• For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/

• http://prosperityparents.com/

• https://prosperitythinkers.com/action/

• https://www.youtube.com/@KimDHButler

• https://www.marketwatch.com/story/why-wealth-rarely-survives-grandchildren-and-how-your-family-can-beat-the-odds-0ec8cb9d

• https://prosperityparents.com/

Show Notes

• Wealth rarely survives grandchildren.

• Shirt sleeves to shirt sleeves in three generations.

• First generation raises money; third generation forgets.

• Family communication and financial literacy as a foundation.

• A personal story of resilience from 4-H competitions.

• Instilling work values through storytelling.

• Prodigal son’s story and value of work.

• Creating “gigs” for children to learn work value.

• Teaching financial competence from childhood.

• The role of charity in family legacy.

Special Listener Gift

• Free eBook: Activating Your Prosperity Guide.

Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!

Review and Subscribe

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In this episode of The Prosperity Podcast, financial expert Kim Butler tackles myths surrounding the Infinite Banking Concept (IBC) and the Rockefeller Myth. She offers practical insights on finding a balanced financial strategy, highlighting the importance of understanding both high cash value and high death benefit life insurance approaches. A must-listen for anyone looking to enhance their financial literacy and make informed decisions tailored to their personal goals. Special segment on leveraging opportunities without overextending financially.

Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, that as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.

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 Thinkers' thinking and strategies today!

Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.

Links and Resources from this Episode

• For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/

• http://prosperityparents.com/

• https://prosperitythinkers.com/action/

• https://www.youtube.com/@KimDHButler

Show Notes

• Beyond Infinite Banking: Middle Ground Approach

• Importance of Adding Term Insurance

• The Importance of Cash Availability

• Clarifying Personal Financial Goals

• Legacy and Values in Financial Planning

• Red Flags with Leveraging Assets

• Paying Back Loans with Profit

• Finding Balance Between Risk and Legacy

Special Listener Gift

• Free eBook: Activating Your Prosperity Guide.

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.

• iTunes

• RSS

This episode of the Prosperity Podcast explores the vital role of family councils in nurturing multi-generational wealth. Kim, an expert who penned the Perpetual Wealth book, shares practical advice on fostering financial literacy, responsibility, and prosperity among families. With engaging tips like the “quarter system” and “gigs” instead of chores, Kim provides actionable steps to inspire financial confidence and legacy planning, making this a must-listen for those keen on long-term family prosperity.

Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, that as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.

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 Thinkers' thinking and strategies today!

Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.

Links and Resources from this Episode

• For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/

• http://prosperityparents.com/

• https://prosperitythinkers.com/action/

• https://www.youtube.com/@KimDHButler

Show Notes

• Societal reluctance to discuss money.

• Learnings as legacy beyond wealth.

• The need for healthy struggle.

• Importance of teaching responsibility through freedom.

• Quarter system for financial education.

• Multi-generational property and perspective.

• Impactful family council interactions.

Special Listener Gift

• Free eBook: Activating Your Prosperity Guide.

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.

• iTunes

• RSS