If using smoked meat, add it to pot with tomato, garlic, hot pepper, bay leaf and thyme. Pour water over meat to just cover. Cook over medium-high heat until meat is tender.
Slice okra into half-inch pieces. Dice onion. Add okra, butterbeans, and onions to pot; cook until okra is tender, approximately 10-15 minutes.
Salt shrimp and add to pot. Cook shrimp for 2-3 minutes. Salt to taste throughout cooking process. Serve with rice.