Saturday, December 13, 2014

The New Prosperity Economics

Registered Investment Adviser Kim Butler talks about the basic principles of prosperity. The first step is to be thinking in a prosperous mindset. People who have experienced scarcity have trouble moving to a positive thought life, especially regarding money. Second is seeing your money correctly means integrating the impact of anyone financial product purchase on your overall finances. Third is measuring the opportunity cost of using money. Fourth is creating cash flow, a major indicator of prosperity (not net worth.) Controlling your money is beyond owning your financial accounts. It's taking control of your money from the government, financial institutions and advisers. Money is usually in stagnation, not in motion. Running your money through your life and not accumulating it will bring more prosperity. This concept may be the most antithetical idea to conventional money wisdom presented by Kim. Multiple the utility of your money not add to it, i.e. 3x3=9, not 3+3=6. Syndicated financial columnist and talk show host Steve Savant interviews controversial author and registered investment adviser Kim Butler over her contrary views of retirement. Her books include Busting the Financial Planning, Busting the Retirement Lies, and Live Your Life Insurance.

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About Steve Savant

Steve Savant

As the National Marketing Spokesperson for Ash Brokerage, Steve Savant looks forward to meeting financial professionals in every way possible - in person or by video through conferences and social media.

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