Podcast appearances and mentions of Garrett B Gunderson

Keith breaks down where the U.S. housing market appears to be headed and which regions and states are quietly winning or losing in the population shuffle since 2020—and what that could mean for real estate investors.  You'll also hear about an intriguing cash-flow play in single-family rentals in select Southern markets. Then, Keith is joined by financial strategist and comedian Garrett Gunderson, who challenges the usual "scrimp and save" advice. Together, they explore how to build real wealth without sacrificing your life today, how high-net-worth individuals often get money wrong, and a different way to think about financial independence, freedom, and investing in yourself. Resources: Get Garrett Gunderson's Killing Sacred Cows audiobook free: DM @GarrettBGunderson on Instagram with the words "Keith Cows." Episode Page: GetRichEducation.com/595 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREinvestmentcoach.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments.  For predictable 10-12% quarterly returns, visit FreedomFamilyInvestments.com/GRE or text  1-937-795-8989 to speak with a freedom coach Will you please leave a review for the show? I'd be grateful. Search "how to leave an Apple Podcasts review"  For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— GREletter.com  Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript:   Keith Weinhold  0:01   Keith, welcome to GRE. I'm your host. Keith Weinhold, is the future direction of the housing market trending up or trending down? Which states have seen the most population growth? Then powerful wealth mindset tactics with a financial comedian today on get rich education   Speaker 1  0:20   since 2014 the powerful get rich education podcast has created more passive income for people than nearly any other show in the world. This show teaches you how to earn strong returns from passive real estate investing in the best markets without losing your time being a flipper or landlord. Show Host Keith Weinhold writes for both Forbes and Rich Dad advisors, and delivers a new show every week since 2014 there's been millions of listener downloads and 188 world nations. He has a list show guests and keep top selling personal finance author Robert Kiyosaki, get rich education can be heard on every podcast platform, plus it has its own dedicated Apple and Android listener phone apps build wealth on the go with the get rich education podcast. Sign up now for the get rich education podcast or visit get rich education.com   Keith Weinhold  1:04   the same place where I get my own mortgage loans is where you can get yours. Ridge lending group and MLS, 42056, they provided our listeners with more loans than anyone because they specialize in income properties. They help you build a long term plan for growing your real estate empire with leverage. Start your prequel and even chat with President chailey Ridge personally. While it's on your mind, start at Ridge lending group.com that's Ridge lending group.com   Speaker 2  1:38   You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education.   Keith Weinhold  1:54   Welcome to GRE from Mount Rainier to Mount Rushmore and across 188 nations worldwide. I'm Keith Weinhold, and this is get rich education. I am not a Lambo driving influencer that will take any brand deal just to shill a gambling platform instead. Our core strategy at GRE is aging. Well, I've spoken with a lot of LP investors with capital calls and deals that lost all their money. Well, we approach wealth building with discipline and consistency. It doesn't sound dazzling, but it really shines when things go wrong elsewhere, because at least for the core of our portfolios, we get long term fixed rate debt for income property get paid five ways and win the inflation triple crown, and we do it all with a high degree of passivity. Right before I took the mic today, I got a two sentence email from a property manager that said an air conditioning unit's air handler board had to be replaced for $420 I don't even know what an air handler board really is. Now, the manager sent some photos in a written estimate. I quickly checked chat GPT, and I saw that the price was about right, and replied to my manager to go ahead and have that done. That's it an example of relative passivity. US residential real estate has nominally appreciated over every single 10 year period in modern history, despite some occasional short term downturns, even those are not common. Well, we recently had a guest mention that it's 20 years at the longest like 20 years or less is the period of time between which real estate never goes down. He was right. But you actually can't find any 10 year period where home values fell. What about the 2008 global financial crisis, I think that's the first place that the mind goes. Well back then, home values bottomed out at 208k in 2009 before they started growing again. And 10 years before that, the median price it was 157k in 1999 so even when home values hit their GFC low at that point, they were still up 32% from the previous 10 years. So you can confidently say then that over any 10 year period, home prices are up nationally. Now, how about the future? Well, for the future, there is more evidence of rising home prices. Building permits for new homes have fallen to their lowest level since 2019 that's according to the census bureau. So fewer single family homes are being built. Now we plan to discuss that more on. Next week show when we dive deep on does America really have a housing shortage? But this week, more reasons for future home price bullishness is that the labor market now, it's not doing that great. It sure isn't white hot, but unemployment, which was already low, that recently dropped a touch lower to just 4.3% inflation has fallen to 2.4% and wages are rising faster than that. In fact, our own Fed Chair recently remarked at how he's surprised at the strength of the economy. The property market analytics firm kotality, they now expect home prices to appreciate another four and a half percent this year. They and other firms continue to believe that the Midwest will be the hottest area of home price growth even more than that four and a half percent in that region. That is because not only is the Midwest underbuilt, it's that the prices are so affordable that it's attracting young people. The other factor is that mortgage rates recently dipped just below six into the high fives again, and that can release this pent up housing demand, and think about where we've come from. In late 2023 mortgage rates were about 8% and now lower mortgage rates also reduce the lock in effect, so it can create both more sellers and more buyers. The thing to remember is that 70% to 80% of home sellers are also home buyers because they've got to live somewhere. And first time homebuyers, of course, they buy only, they don't sell anything. In fact, former GRE guest in housing wire lead analyst Logan modeshami and Barry Habib were just positing on this at housing wire's latest summit on how the volume of home sales has been depressed for so long that lower rates could very well trigger a rush of buyers, these kind of people that have been delaying purchasing for years, this pent up housing demand being released if indeed rates go lower. People think they know the future, but we don't really know that that's going to happen for sure. But a lot of optimism about this phase of the housing market supported by not great, but decent economic conditions. Of course, that new housing demand is going to manifest unevenly across the nation. So let's talk about the places that have seen the most population growth from 2020 to today, basically the states that support that housing demand. Well, between 2020 and today, the US has grown by about 10 million people. That's over 3% nearly every state grew. But the bigger story is where that growth is happening. And really, here's the jaw dropper as a region, the South, gained more people than all of the other regions combined, about 7.6 million new residents in the south since 2020 the South's population is up 6% the West's almost 2% the Midwest population is up more than 1% and The Northeast up seven tenths of 1% again, this is not per year. This is total population growth from 2020 to today, Florida and Texas, they led the nation among the big states, both up almost 9% sprinting like they just found out that income tax is optional. The Carolinas in Tennessee are big southern growers too. People clearly keep moving toward warmer weather, a lower cost of living, lower taxes and job markets. Nothing new there. California in New York are the biggest losers in absolute numbers, California losing half of 1% of population in New York, a full 1% people keep moving away from these traditionally expensive, high tax coastal states like a buffet when the crab legs run out, people just getting up and leaving. That's not any sort of news story there, either. These trends help cash flow residential real estate investors like us, because the south aligns with that favorable landlord tenant law and those high ratios of rent income to purchase price. Luckily for us, that's where people are moving too. The Midwest has those phenomena as well, although their growth has been slower.    Keith Weinhold  9:39   Now a few Midwest highlights for you. Since 2020 the population of Indiana is up 2.8% quietly benefiting from Illinois. Escape Velocity, Missouri up almost 2% and that's growing mostly in Kansas City and St Louis suburbs. Ohio at almost 1% that's pretty modest growth overall, but Columbus up 5% that is flexing like it just landed a semiconductor plant there in Columbus, the intermountain west has bicep bulging growth, but it rarely works for us, because rents are only a little higher, but property prices are way higher. Yes, those pretty Rocky Mountain states, great Instagram, tough cash flow now Louisiana, it is a state that confounds people. It's a warm place, and it has a low cost of living, you would think Louisiana would be attracting people in droves for those reasons. Well, then why is its population following Louisiana down nine tenths of 1% since 2020 Well, you've got bleak job prospects that make Louisianans leave its tax competitiveness ranks 31st property insurance costs are high thanks to environmental risk. Louisiana has more swamps than beaches. Even the NFL saints were six and 11, and if they had made the playoffs, that wouldn't have made people move back. And hey, no personal shade here, I enjoy going to the New Orleans investment conference in Cajun culture, in Airboat Tours through the alligator filled Bayou, fun stuff, but for income producing property, you got to seek out different characteristics than just vacation Glee or how Good the gumbo tastes keep emotion separate from investing, Hawaii is America's biggest percentage loser. Its population is down one and a half percent since 2020 its cost of living is stratospherically high, with a median home value of just a little over a million dollars. That results in net outmigration to the mainland parts of the Aloha state now experience natural decrease. That means that deaths exceed births. Natural decrease. That's mostly a phenomenon on the Big Island. That's not where Honolulu is. That's where you have Kona and Hilo when young people can't afford to stay demographic gravity kicks in population loss. Hawaii is also highly dependent on tourism, meaning more volatility in recessions. It has contractor availability issues and higher repair costs, partly due to shipping materials to the remote islands. What about the upsides of Hawaiian real estate? Well, you're just going to have this inherent, strong, long term land scarcity and lifestyle desirability overall. Hawaii isn't bad. It's just hard. And I like Hawaii as a place to vacation, so the best times in my life were in Hawaii. Now, with all this said, These are broad generalities about states which are big places themselves right now. There are certainly Missouri real estate investors listening to me that are actually losing, and Hawaii real estate investors that are winning, and even cash flow positive. I'm talking general trends here, and this is with respect to long term rentals, not short term rentals. If your rent to price ratio is as low as point three or point four, like it often is near the coasts, well then you are speculating on appreciation. That's what that means. All 50 states have opportunity. All 50 states have no go zones. People keep moving south. That's a trend that the pandemic accelerated six years ago. More opportunity is concentrated there. That's got nothing to do with vacation excitement. That is population math, and I'm talking about swimming with the tide here in our Don't quit your Daydream newsletter I recently sent you that colorful population change map that I was describing some of there. More recently, I also emailed you that great and rare map of landlord friendly versus tenant friendly states mapped out and a lot of other great stuff.    Keith Weinhold  14:17   Before we bring in our firebrand guest, Garrett Gunderson, I just learned about a really strong opportunity for a provider of single family rentals and duplexes in Memphis and Little Rock. They're providing a locked in 5% interest rate and 5% property management for five years. Yeah, that's not a throwback to 2020 it's what mid south homebuyers calls their triple five program. They are the oldest and most trusted, maybe turnkey investment provider in the country, operating since 2002 and what they do is they offer these fully renovated, occupied rental properties in Memphis and Little Rock, two of the strongest cash flow markets in the South. With financing and management and rates that make the math work like it hasn't in years. So again, 5% interest, 5% property management fees for a full five years. You know those markets, they already had these investor advantage numbers with rent to price ratios mere point eight in Memphis and Little Rock. But yeah, that low 5% mortgage rate, even for renovated properties, not just new build. That's the kind of spread that turns a good deal into a great one. So to give you an idea, if you get a 30 year fixed rate mortgage loan amount of 125k with a 7% mortgage rate, your principal and interest payment is 832, at a 5% rate, it's just 671, so that's $160 more cash flow right there, and it's made a tad sweetener than that with just a 5% Property Management rate. And I don't know how long that offer is going to last, but it is available now and for the next little while, you can ask about it. When you visit mid southhomebuyers.com that's mid southhomebuyers.com and you can ask them about their triple five program. More next. I'm Keith Weinhold. You're listening to Episode 595, of get rich education.    Keith Weinhold  16:19   Flock homes helps you retire from real estate and landlording, whether it's one problem property or your whole portfolio, through a 721 exchange, deferring your capital gains tax and depreciation recapture, it's a strategy long used by the ultra wealthy. Now Mom and Pop landlords can 721, the residential real estate request your initial valuation, see if your properties qualify@flockhomes.com slash GRE, that's F, l, O, C, K, homes.com/gre. You know, most people think they're playing it safe with their liquid money, but they're actually losing savings accounts and bonds don't keep up when true inflation eats six or 7% of your wealth. Every single year, I invest my liquidity with FFI freedom family investments in their flagship program. Why fixed 10 to 12% returns have been predictable and paid quarterly. There's real world security backed by needs based real estate like affordable housing, Senior Living and health care. Ask about the freedom flagship program when you speak to a freedom coach there, and that's just one part of their family of products, they've got workshops, webinars and seminars designed to educate you before you invest start with as little as 25k and finally, get your money working as hard as you do. Get started at Freedom family investments.com/gre, or send a text. Now it's 1-937-795-8989 Yep. Text their freedom coach directly. Again, 1-937-795-8989,   Dani-Lynn Robison  18:08   this is freedom family investments. Co founder, Danny Lynn Robinson, listen to get rich education with Keith Weinhold, and don't quit your Daydream. You Brenda.   Keith Weinhold  18:24   Today's guest is someone that America knows as the long haired, bearded money guy in the past, he's drawn physical appearance comparisons to Jesus Christ. He's a prominent financial strategist. Founded an eight figure company, hit the Inc 500 he's both a New York Times and Wall Street Journal bestselling author. He is just an electric speaker, including appearances in front of dozens of billionaires. And he's just got this great way of speaking to financial freedom that hits you differently. He even has a comedy special that's great to welcome back to the show. Garrett Gunderson,   Garrett Gunderson  19:02   that's good to be back. Man. Is really good. Love your energy. Has a nice intro.   Keith Weinhold  19:07   Well, you give a lot of like, nice guidance to people that's somewhat different than they're used to hearing. You know, Garrett, I think a lot of the conventional guidance is, you know, it's not very far above Elementary School advice like, put your credit card in the freezer so you don't use it too often, but a lot of times you speak to either business owners or people that have already had some success, and I think a lot of your underlying mantra is, hey, you better live your best life now   Garrett Gunderson  19:35   I kind of feel like you are your greatest asset, and if you starve out that asset because you don't feed it with knowledge, or you don't invest in yourself, or you don't gain the skills that really matter because you're so addicted to scrimping and sacrificing and building your balance sheet right, trying to build savings accounts and retirement plans and doing all you can to pay off that mortgage. Yeah, you could become a millionaire on paper. But will you live like one? Will you enjoy your. Life. What about all the memories that you miss along the way? What about having quality of life today and creating a life you don't want to retire from? The wealthy people, they didn't get that way because they shrunk their way there. They didn't get that way because they were amazing budgeters. They built businesses. They created value. They learned how to, you know, sell or speak or market or have business acumen that grow business or to hire people, and having those systems that actually impact more people or more deeply impact the people that they serve, because it's about value creation and their value creators. And I think this notion of just thinking, Oh, I could just trade time for money and set money aside. Man, that's a really painful way to get to a million dollars, but Northwestern Mutual, they just put out an article that said, 32 or 34% of millionaires don't feel wealthy, because if you have money tied up in an account that isn't kicking off cash flow, it doesn't feel like wealth. You can't spend that net worth. It's just a statement if you don't learn how to create cash flow. And I love financial independence, where people have cash flow from assets to cover their expenses now their lifestyle is covered from that cash flow. Now they can reinvest every active dollar into themselves and their quality of life, into more cash flowing assets, into taking trips along the way, not just waiting until they're too old to enjoy it.   Keith Weinhold  21:13   You work with business owners all the time, and you've even worked with some ultra high net worth people that still seemed to scrimp and save. Do you think really, what is that the function of? Is it more of the wrong mindset or the wrong tactics when someone acts that way?   Garrett Gunderson  21:32   It's a mindset that's really kind of handed down to them? Yeah, maybe from their parents or grandparents or from a different era, like there's people that were, you know, in the Great Depression, that then tells stories to their family about how tough it was, and you never know when that money could go away. So you got to hold tight, and it's a scarcity mindset. So one of the wealthiest clients I ever had, I mean, this was a guy who he was worth a lot of money, but you would never know it. I saw him on TV one day. I was like, Dude, he needs new clothes, and we found a strategy to save him a bunch of money. He was just buying his inventory with cash or like, let's buy it on a plum card, and you'll get cash back. I just said, Just take 10% of that cash back, which was over $100,000 a month, and spend it on yourself. He's like, Well, I wouldn't know to spend it on I'm like, Well, how about some new clothes to start with? He's like, Okay. And then the next month, he bought a nest system for his house. The next month he bought a sound system. Eventually, saved up enough money to buy a Tesla, which he really wanted, like it was money that was there for him, but it changed his entire paradigm, because now he had a quality of life. He was very philanthropic and donated money. He built massive businesses, but he never treated himself well. He'd never felt like it was okay to spend that money because of his upbringing, because the way that his parents viewed money and the way that their parents viewed money, and it was always something that felt scarce. So it felt like, okay, will this go away? And the reality was, we just found money in your couch cushions, essentially. So why not enjoy it along the way? He eventually bought a home that he loved on the water, that he loves the garden. I mean, it was like a total transformation with that one simple thing to help him heal his relationship with money, overcome scarcity, because he was already highly productive. He just had to break free from this budgetary mindset.   Keith Weinhold  23:09   That's great. It was almost like, Dude, I can see it in you. Before we even talk. You got that code off the rack at Burlington. I swear you can do better than this. Come on, now   Garrett Gunderson  23:17    30 years ago, 30 years ago too. You know, it doesn't even fit anymore.   Keith Weinhold  23:23   Well, you know, I recently dedicated a complete episode Garrett to the way I put it is that the risk of delayed gratification is denied gratification. Now, there are some good things to be said for delayed gratification, I think, especially when you're younger, or you're just starting out in the working world, and you just tried to cover rent for your apartment and you don't have much else. Delaying some gratification is good. You need to form capital. You need to get liquid. I try to avoid saying stacking savings, because that gets people in the mindset of becoming super savers sometimes, and they miss out on returns. But what I mean about the risk of delayed gratification, being denied gratification, if it's taken too great of an extent, is, you know, I'm talking about the guy where, when he was 24 he used to say, Oh, I'm going to visit the Galapagos Islands someday. That's what I want to do. But you can just tell by the time you talk to the dude, when he's 48 he begins to use the past tense for things he wanted to do, for example, then he might start saying, Oh, well, I guess I never did visit the Galapagos Islands. You know, you can tell with people when they use the past tense, and that's when you know that their future is not bigger than their past, and a lot of that is the reflection of their financial status.   Garrett Gunderson  24:40   I got married at age 23 and the first two years, well, it was really like the first year and a half, maybe I was just such a miser. I gave my wife a $400 a month budget for an apartment, and we found out that there's places you don't want to live in Utah. I didn't know it, but she's like, is this what you want? And I was like, This doesn't feel like a safe neighborhood. And then you. Know, I was like, All right, maybe $600 I was still kind of really scarce. And my parents were like, Why don't you just live in our basement, rent free, and my wife's like, sex free. If you think that's where we're living, I'm gonna live in my parents basement, you know? Because I just thought money was something to save. So I saved me over 50% of my income. And a lot of people were like, that's amazing. Congratulations. Great job. And so I felt really good about it, and then I realized that my business wasn't growing as fast as this other person my age. I met him at an event, and a year later, he was doing better. And I was like, Dude, what's going on? I could hear it in your voice. I could hear like, you're just a different person. He goes, Oh, I'm doing two things. One, I just hired this guy, Steve D'Annunzio, and he changed my entire life. And I was like, I need to meet him. He's like, he happens to be here in Vegas. He's from Rochester. Introduced me. I hired him as my coach right away. I'm hearing all these people talk about strategic coach at the same event, and they had a booth. So I signed up for Strategic Coach, which meant I had to part with some of my money. Think it was $7,500 I hired Steve as a one on one mentor, and all of a sudden I was investing in myself, yeah. And I broke free from those chains of like, reduction and restriction into the game of production. And then I even had a situation where a woman called me out at the same event. This was a life changing event where she's like, I wonder what it's like living in a financial prison you built for your wife. It's like, Oh, see, that's what happened. I thought I was responsible, and building that responsibility that's actually building walls. And when I came home for that event, my wife and I started looking for our home. Within a few months, we found one. I bought a home. It was very easily within my means. I basically made as much as I paid for this house that we loved. We lived there for nine years. We built so many memories. You know, we had our two kids while we were there, I started host study groups, and that year, I grew my income by $170,000 with the coaching of strategic coach, Steve dnunzio And this woman, Nancy, calling me out. The next year, it grew by even more because the skills started to compound. I decided from that moment forward, I would spend at least $40,000 a year, which I might be able to reach for some people, but at least $40,000 a year on mentors. Is a guy named Alan. He writes my meal plans and my workouts, and I'm at 10% body fat because he knows exactly what they do. I do what he says. It was worth this $10,000 investment, because now I pay attention what I pay for, and I look at like if I'm my greatest asset, how can I create more energy? How can I create more value? How can I feel better about myself? How can I show up the very best version of I am, so I can deliver the most to the other people. And so I've always just been in amazing groups. I just got back from two different events in Beverly Hills around amazing people, learning incredible things that allow me to grow. I haven't spent a huge amount of money on a mentor last year to figure out something that I hadn't been able to figure out to this point. It's the same thing I did to become a speaker, to become a writer or even learn how to sell or market, you've got to invest in the skill, not just in the savings account. You grow yourself first, and then you grow your money. If you starve yourself out because you're in that miserly mindset, you're going to stunt your growth and never be fully fulfilled.   Keith Weinhold  27:56   You're your own best investment. And yes, this stuff is the varying definition of investing in yourself. Don't live below your means. Grow your means and all of that.   Garrett Gunderson  28:05   Grow your means and be more efficient within your means. I mean, the best way I know how to save is not overpay on tax, which 98% of business owners are doing that today. You know, don't overpay on interest, because you either restructure your loans, renegotiate your interest rates, reallocate underpouring funds to pay it off, or you remove investment drag. A lot of people have unnecessary fees and hidden commissions that drag on their investments. Or just design your insurance properly so it's more efficient. Those four i's, IRS, interest, investments and insurance show you how to keep more of what you make, take some of that money, build up your foundation so you have a peace of mind fund, so you have staying power, at least six months of liquidity and then invest more into yourself or learn how to create cash flow. This is the game the wealthy play. But the poor middle class, they think it's about paying off a mortgage and funding the retirement plan, and they will argue about it until it's too late, when they get there and now their homes paid off, but the property taxes are higher than their mortgage was 20 years ago, you know. Or they have home maintenance they have to take care of, or inflation has destroyed the value. Like if someone were to put away 100 grand and they wait for 30 years if they got 10% which the market did the last 30 years, if you reinvest dividends, they're going to have right around $1.7 million but if they have to pay 2% in fees, fiduciary fees, 12 b1 fees, which are marketing fees for the fund expense ratio, you know, the fees of maybe a retirement plan, and they now have 2% fees. It only goes to 1.1 million. Huge difference. And that 1.1 million if we account for inflation, even if we said inflation was low, like 2.7% over that 30 years. Well, by the time we pay for inflation and tax, guess what? The purchasing power value is like, 300 grand $300,000 that's a problem, and it's because they didn't learn to create cash flow. It's because they didn't learn to invest in themselves. It's because they relied completely on a market they don't control. I'm not saying the market is completely something to avoid. I'm saying we go in sequence. How do you grow your income for. First, then how do you keep more of the income you make with? You know, financial savvy and plugging leaks. Then learn to grow your money, but maybe growing your money. For some I like to think of like three dimensional assets, like real estate's three dimensional. It can grow in equity, it can create cash flow, and it has tax advantages. But my business is three dimensional, the more my business creates cash flow, without me, the more equity it has, and that business has major tax advantages. So most people are one dimensional, pay off a loan, put a money in retirement account. That's the poor, middle class. Wealthy people build a system where they've got three dimensional assets, equity, cash flow and tax savings. And that is a complete game changer, because then they can employ the buy borrowed I strategy, if you have assets like, you know, an individual stock, or if you have assets, like a piece of real estate or a business, you could borrow against it. There's no tax on that five for life, right? You keep refinancing. Or you can even do charitable trust to avoid the taxes upon the sell of those paying no tax when there's gains. Or you can pass it on to the next generation with a step up in basis, which means they get it at the full value and not have to pay the difference. And if you have life insurance, the life insurance will pay back the loan that tax free as well. So buy, borrow, die. I mean, it's a completely different thought process of defer taxes. If you defer taxes, I get it. You could do a Roth IRA or Roth 401. K Sure, that'll let you put after tax money in and grow it. But where's the cash flow? What's the underlying investment? How does it help you create financial independence? How does it help you does it help you grow your skills to become a better investor? We've been taught to be lazy, not that people are lazy. We've just been taught to be lazy with our money. We've been fed a narrative. I don't have the time, I don't have the skill, I don't have the interest, but I want to have it, so I just hand it over. And who do we hand it over to Keith Wall Street. Wall would you trust Wall Street? Like you flew to Frankfurt not long ago. Would you get on Wall Street airlines where they're like, hey, sometimes our planes go up, sometimes they go down. That would brand, and he'd feel inspired, right? Would you go to Wall Street, you know, hospital? Or like, hey, he lost one of your kidneys, and by loss, we stole it and resold it. You know, like, Wall Street doesn't have a brand. That's good. It's boiler room. It's Wolf of Wall Street. It's the movie Wall Street with Michael Douglas. You know, greed is good like yet that's what people put their money into. And you can go to any downtown and any major city, and guess who has the biggest buildings, insurance companies, banks and Wall Street investment companies. So you're taking the size of your home and shrinking it to build up their building and put money in their pocket. And their story is, it's because they're Ivy League, they're smart. They try to make it complicated, but you don't have to know most of the things you think you need to know about finance. The foundational things are important, how to protect your assets, how to design insurance, to transfer risk, how to have some liquidity, how to automate your savings. And then you focus like Warren Buffett would teach. He said, You know how people would become a better investor if they only had 20 investments they could make over their lifetime? He says, I don't diversify because I'm in the know. He's like, I'm a good businessman, therefore I'm a good investor and I'm a good investor because I'm a good businessman. I don't separate the two. Yeah, most people think he's a stock market investor. No, he buys out the companies in the stock market. Rarely does he have minority stakes in it. He does have some of that, maybe with Coca Cola and apple, but he bought a lot of companies outright, whether it was Geico, whether it was See's Candies, whether it was like he buys these companies, he's so far outperformed the stock market by billions of dollars from an index fund like what he has, versus someone that put the same money in an index fund, Warren has billions more from his investments than the person that put all their money in the index fund, even if it was the same amount. It's completely about strategy, not about luck.   Keith Weinhold  33:30   Yeah, it's the Andrew Carnegie, put all your eggs in one basket and then watch your basket. Yeah? Watch that basket like a hawk. Totally. Yeah. I mean, stacks mutual funds, they have what I call those five simultaneous drags. If you think you're getting a 10% long term return over time, subtract out inflation, emotion, taxes, fees and volatility. What do you have left? Not much. But there's no friction there. It is just the easiest thing to do ever since decades ago, 401 K contributions begin to become automated throughout your paycheck, sometimes even automatically, automated   Garrett Gunderson  34:04   values your permission opt out. It's easy. You have to opt out, right? It's Big Brother. You don't know what's best for you. And by the way, how crazy are four one K's. Part of the reason the market has gone up in value is because people consistently fund for one case, whether the market's going up or down, they're told $8 cost average. So that's artificially fueling the market. When we see the numbers, there's a buffet index, and it's like 2.9 times higher than what he's comfortable with, with the stock market, because of how overinflated the market is, partially due to inflation, partially because people put money in. But let's remember, why did 401, K's even come about? Because pensions failed. And by the way, these pensions failed and they had world class money managers managing these multi billion dollar pensions, but they didn't know about something called disinvesting, or didn't know enough about it. When the market goes down and pension money is owed, they still have to pull money out of the pension to pay the employee which disinvests, which pulls more money out of the account. So now instead of just being 10% down, they might be 17% down. And so even if the market comes back 10% it's 10% of only 83% of the money. So not even back to square one. And if it goes down a second year in a row, they're in real trouble. It starts to chip away at the principal, and they can't recover. And that happened to pensions, and they said, Oh, here, we can't handle these. We're going bankrupt. We're going to get rid of pensions. You take care of it. Well, guess what? Vanguard says, the average balance in a 401, k right now is $148,000 how someone's supposed to live on $148,000 even if you could get 10% that's $14,800 a year taxable, that's not going to do it. Even if you have a million dollars, where are you going to put the million dollars to get the return without risking it going down? Maybe you're going to be in treasuries at 5% that's $50,000 taxable per year. You're a millionaire on paper, but living poorly. That's why I'm here to call these things out. I think that my book Killing Sacred Cows, which was my original New York Times bestseller, which is probably how we met. Yeah, I rewrote it. I rewrote it, rereleased it in 2024 and I'll give people the audiobook. They just have to DM me on Instagram. Garrett B Gunderson and DM the word cows with Keith's name, cows and Keith or Keith and cows. I'll hook you up with the book for free, so you can learn about the nine financial myths. We're talking about some of them here, but there's also some comedy in there, so they can laugh after each chapter. I threw some comedy in there. You know, if you like my comedy, I'm not the funniest comedian. I'm just the funniest money comedian. That's the reality.   Keith Weinhold  36:33   When we had the very inventor of the 401 k plan, Ted benna, come onto the show, he revealed to us that when 401 K plans rolled out, they were first called salary reduction plans. They had to scrap that name in order to foster participation. But reducing your salary is still principally what it does to you. You got to think about it that way and blow up some of these myths. But Garrett, you've already given a lot of great technical information about what someone can do, how someone can think differently. Bigger pictures, we're sort of winding down here. You know, when I'm thinking about this whole delayed versus denied gratification thing, how do you meter it out right throughout your life? I mean, what's your earmark your family legacy? How do you meter it out, right so you don't have too much or too little at the end of your life?   Garrett Gunderson  37:15   I like to see this strategy of, like, what would the rockfellers do that I wrote about is, you know, the beginning before that strategy is you pay yourself first, which has always been around Richest Man in Babylon. Tons of books talk about it. My argument is you want to pay yourself at least 15% of your personal income, off the top, to a separate account. Once you get six months in that account, now you start to invest that money, but you build your stability with that peace of mind. And we want 15% because the luxury once enjoyed becomes a necessity. So you want more money in the future, not the future, not less propensity to you know, there's also, just like planned obsolescence, things break down. You have to repair them. Technological change, we're buying new technology that doesn't even exist. I have now subscriptions to a bunch of AI things that help me out, right? But I'm spending more money. There's also taxes, those could go up in the future, or 38 trillion in debt as we film this, which is a crazy number. And there's also inflation. If we give 3% to each of those five factors, that's 15% now again, use the four i's, IRS, interest, investments and insurance to find that money, not just budgeting. But then here's the magic. At least 3% of your income should go to a separate account called the Living wealthy account. That's your guilt free spending, value based spending account, so you enjoy some money along the way. These are the things that are the finer things in life that people might say are wasteful. You know, there's a book called unreasonable hospitality that talks about this, 11 Madison Avenue was the number one rated restaurant in the world. And, you know, will who wrote the book talked about they had 3% of their budget to just go wild on their customers dream making money, right? So to create the special experience in the restaurant, and even the bear, I think was season three, showed some of that process of how they do that. So I highly recommend taking a certain percentage. You get to enjoy along the way. It could be higher than 3% but start there, and you're going to feel better, you're going to have different energy, you're going to show up in a different way. And then from there, I just believe in having trust, so that your money's outside of your estate, and protecting financial predators so you own nothing but control everything. And I personally use life insurance. I use just standard over, you know, like basically properly structured, optimally funded whole life, so that death benefit will come in after I die. It allows me to spend more of my money and then have it replenished so I can enjoy more of my money along the way, because I know that death benefit will be there for my wife or even for my family trust after I'm gone, so I don't disinherit the people that I love.   Keith Weinhold  39:31   Garrett Gunderson, he can take you through these steps, which he calls financially fit, to financially independent, and then finally to financially free. Tell us a little more about that going through those steps.   Garrett Gunderson  39:44   So financial fitness means your financial house is in order. You've got everything handled properly, car insurance, homeowners, liability, disability, medical life insurance, your corporate structures as a business owner, how you pay yourself, your taxes the last three years and move. Moving forward your investments. It's like, you know what it's going on. You've improved your cash flow, and you're dialed in. You're as safe as you could possibly be. Then financial independence is, how can we create income, especially from a business that comes in when you don't, that's people, that's processes, that's technology, so that you can be involved, but you don't have to be involved. This is the part most people miss, yeah, and I think it's crazy. A lot of people have this notion they're just going to work so hard so they can sell their business one day, I'm like, What about just creating a business that you love so much you don't want to sell it? What about giving up the things that are burning you out and have the employees that can take care of that so you do the things that you love and then just enjoy life along the way, take some little trips, take some time off and come back in. The business grows up when you're away, they learn how to do things without you, and then you can still create value into that business. I sold the business in 2021 and really regretted it, because I kind of was so removed from the business. I kind of felt like it lost its soul and I didn't feel connected to it. So this time around, I started a business in July of 2024 I'm like, I'm only going to work with the P with the people I love, building things that I love, and I'm not going to let myself get burned out by doing too much. We're going to take two weeks in Hawaii coming up here in April, just enjoy some time together as a family. We do quarterly family retreats with my wife and kids. We do traditions with my family up at my cabin, like I want to have this great life where it's blurs the lines between work and play. I have a little quote from someone else that talks about that art of life is blurring the lines between work and play, but also just having complete play sometimes that there is no work. So I come back refreshed, relaxed, rejuvenated and ready to create. And so really, that financial independence gives you permission to swing for the fences and what you do, knowing your foundation is handled, knowing that your lifestyle is covered, from assets to create cash flow gives you work optional freedom. But instead of retiring, think, what could your biggest impact be like? Create the life you don't want to retire from. Create a vision so compelling you can dedicate your life to it and find that the win is actually in the work, not just the outcome. I think that is the elegance of we win when we play, and when we have more play in our life. We don't try to escape from something. And when you start something, you might have to do things you hate, but you can eventually delegate it, and then life becomes great. I mean, one of my early coaches, Dan Sullivan, who I mentioned, a strategic coach. He's in his 80s, still behemoth of creating value in the in the market. To listen to him, you know, he's phenomenal. He's made such a huge difference in my life, and he has no intent of retiring. He just gets smarter every year, adds more value, builds more infrastructure, and he's the one that taught me the merit of free days, just taking time off, taking time away. So, yeah, that's financial independence. Is cash flow, and then financial freedom is a state of mind. It's when money is no longer the primary reason or excuse you would do or not do something. It's a consideration, but it's no longer the consideration means that you have a healthy relationship with money. Money is an asset and an ally, not an enemy. You don't come from a place of scarcity. You come from a place of abundance. You can be more present with your family and doing what you do without feeling distracted. I think wealth is our ability to be present, not necessarily how much money we have in a bank account. I think we have a good amount of money in a bank account, and we can be present. That is like true wealth.   Keith Weinhold  43:12   It harkens back to the John D Rockefeller, he who works all day has no time to make money. Rockefeller would have said, you can architect a wealth plan if your head is down on the assembly line, that means gradually move your offer. It's from trading your time for dollars over to owning assets that pay you to own them. Garrett's comedy special is called the American Ream. There's no D in that word, R, E, A, M. You can look that up, Garrett. It's been enlightening as always. Thanks so much for coming back onto the show.   Garrett Gunderson  43:43   Hey man, good to be back.   Keith Weinhold  43:51   Always. A lively conversation with Garrett, besides some great mindset perspective, he's really good at saving you tax and setting you up with asset protection. Though he's not as real estateish as me, he's pretty savvy. For example, He's aligned on the fact that, for example, say you have an 80k debt. Well, it doesn't necessarily mean that it makes sense for you to pay that off sometimes it does, but what happens to your net worth anytime you pay off an 80k debt, well, let's see. You've reduced your asset side by 80k and you've reduced your debt side by 80k so your net worth is the same, and retiring the debt means that you might have lost leverage, lost cash flow and lost tax advantages, all at the same time on Instagram, send a DM with the two words, Keith Cows to Garrett B Gunderson, and he'll hook you up with his book for free next week on the show, we go deep on does America really have a housing shortage with an expert analyst. Until then, I'm your host. Keith Weinhold, don't quit your Daydream.    Speaker 4  45:01   Nothing on this show should be considered specific, personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of get rich Education LLC, exclusively   Keith Weinhold  45:29   The preceding program was brought to you by your home for wealth. Building, get richeducation.com  

This episode is part of the 8FE (8-figure entrepreneur) series, where we talk to entrepreneurs who have already passed the million-dollar mark. It's May 2025. Crazy things are happening in the political sphere, and markets are incredibly volatile.  Is now the right time to buy assets or sit tight and wait?  In this episode of Beyond A Million, Brad sits down with Justin Donald and Garrett Gunderson to explore smart investing strategies, the role of AI, risk management, and how to align wealth with lifestyle. Justin Donald is a seasoned investor, entrepreneur, and author. He specializes in low-risk, high-reward cash flow investments, simplifying complex financial strategies, and structuring deals that create long-term passive income. Garrett Gunderson is an author, speaker, and financial advocate who helps you make, keep, and grow your money—while enjoying life along the way. This isn't just another finance convo—it's a roadmap for investing smarter and living better. Tune in!  — Key Takeaways: 00:00:00 Intro 00:01:16 The Lifestyle Investor and writing books 00:08:08 Aggressive investing vs. sitting in cash 00:14:49 AI and the future of education  00:27:12 Health and lifestyle  00:35:52 Cutting-edge investment opportunities  00:38:12 Where to put your money?  00:52:07 Investing strategies and risk management 01:12:16 Outro — Additional Resources:

What do international oil deals, tax strategy, and high-stakes investing have in common? Courtney Moeller, a Navy vet turned oil and gas powerhouse, shares how she transformed her father's company, avoided a Ponzi scheme, and now helps investors protect wealth while drilling for real returns. From fracking to tax-code hacks, this episode is a masterclass in smart energy investing.   Key Takeaways To Listen For The Ponzi scheme that reshaped Courtney's due diligence process Why only partners with major operators How horizontal drilling revolutionized oil production Return potential of strategic oil investments A way to verify ownership and production records yourself   Resources/Links Mentioned In This Episode What Would the Rockefellers Do? by Garrett B. Gunderson and Michael G. Isom | Kindle, Hardcover, and Paperback Want the inside scoop on oil and gas investing? Grab Courtney Moeller's detailed Oil & Gas Report covering the economic outlook, why oil & gas matters, massive tax benefits, and smart investment strategies. Download it now at https://oilandgasreport.net.   About Courtney MoellerCourtney Moeller is a U.S. Navy veteran, bestselling author, international speaker, entrepreneur, and blockchain expert who served five years as an aviation electronics technician aboard the USS Nimitz in support of Operation Iraqi Freedom. A lifelong Midland, Texas oil-and-gas insider, she inherited her family's drilling business and now helps professionals access direct oil and gas opportunities—partnering with billion-dollar operators like EOG and Continental—to secure massive tax benefits, mitigate risk, and generate steady cash flow. Her mission is to help others build wealth while keeping more of their hard‑earned money out of the IRS's hands.   Connect with Courtney Website: Courtney Moeller LinkedIn: Courtney Moeller Facebook Group: Advanced Tax Strategies for Professionals   Connect With UsIf you're looking to invest your hard-earned money into cash-flowing, value-add assets, reach out to us at https://bobocapitalventures.com/.   Follow Keith's social media pages LinkedIn: Keith Borie Investor Club: Secret Passive Cashflow Investors Club Facebook: Keith Borie X: @BoboLlc80554

Firebrand speaker and author of “Killing Sacred Cows”, Garrett Gunderson, joins us to discuss wealth mindset and value creation. Also, Keith touches on the impact of falling interest rates on various loans and the economy noting that lower rates can benefit savers and investors. Historical data shows that home prices have only fallen 6 times in the last 83 years, signaling the rarity of significant price declines.  Learn about the Rockefeller method, which involves using trusts and whole life insurance to preserve and grow wealth. Garrett advocates for investing in real estate, businesses, and intellectual property rather than mutual funds or ETFs. DM Garrett on Instagram to receive a free copy of his book on the Rockefeller method. Resources: GarrettGunderson.com or  Alon Instagram @garrettbgunderson Join our upcoming GRE live event right here! - ‘New Turnkey Properties with ZERO Money Down' on Thursday 10/24. Show Notes: GetRichEducation.com/522 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments.  You get paid first: Text FAMILY to 66866 For advertising inquiries, visit: GetRichEducation.com/ad Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review”  GRE Free Investment Coaching: GREmarketplace.com/Coach Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript:   Automatically Transcribed With Otter.ai     Keith Weinhold  00:01 Welcome to GRE. I'm your host. Keith Weinhold, talking about what falling interest rates really mean to you. 10 years of the GRE podcast, politics are overrated. How often do home prices fall? The latest in AI generated podcasting and then wealth mindset and wealth preservation all today on get rich education.   00:27 Since 2014 the powerful get rich education podcast has created more passive income for people than nearly any other show in the world. This show teaches you how to earn strong returns from passive real estate investing in the best markets without losing your time being a flipper or landlord. Show Host Keith Weinhold writes for both Forbes and Rich Dad advisors, and delivers a new show every week since 2014 there's been millions of listener downloads of 188 world nations. He has a list show guests and key top selling personal finance author Robert Kiyosaki, get rich education can be heard on every podcast platform, plus it has its own dedicated Apple and Android listener phone apps build wealth on the go with the get rich education podcast. Sign up now for the get rich education podcast, or visit get rich education.com   Corey Coates  01:12 You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education.   Keith Weinhold  01:28 Welcome to GRE from Evansville, Indiana to Victorville, California and across 488 nations worldwide for an entire decade of your life now, this is Get Rich Education. I'm your host. Keith Weinhold, what does it mean that we're in an era of falling interest rates from the recent peaks, rates of all types have fallen. Mortgage rates have fallen. The Fed funds rate has fallen, and that prime rate has fallen too. I mean the prime rate that you pay, that's basically the Fed funds rate plus 3% and why the prime rate matters to you is that can affect credit cards, home equity loans, automobile loans and small business loans, every one of them down, down, down. So to any savvy investor that knows what's going on in the 21st century? This can mean celebration for your wallet, for your finances. And look in old days, lower rates, that would be bad news, not good news. And why is this? Well, in olden days, and some people still have an outdated mindset, lower rates are bad because savings accounts used to make sense back in the day, and lower interest rates means lower rates for savers on their bank, savings accounts. Yeah, those 5% online only savings accounts are going to four and a half with the Fed's half point rate cut last month. Well, 100 years ago, you could be a saver. That made some sense, because their interest rates could reliably beat inflation over time, but not today. Today, since inflation transfers wealth from lenders to borrowers and inflation redistributes wealth from savers to debtors. For those like us that understand this and act accordingly, we are indeed the beneficiaries of lower interest rates. Now, there are other effects out there in the economy. Cheaper loans could lead to more m&a activity, more mergers and acquisitions that can benefit investment banks like your Goldman Sachs that facilitates those transactions. Well, what happens to real estate prices amidst lower interest rates? What happens is that they tend to rise now here on the show, you remember that since 2022 I have discussed what has surprised a lot of people. Amidst rising interest rates, the environment that we used to have, home prices tend to rise. And it has happened again. When mortgage rates tripled, prices kept right on rising. So you might wonder, well, wait a second, which is it or I'm confused, amidst rising interest rates, home prices rise and amidst falling interest rates, home prices rise too. And the answer is yes, look at history over hunches. To our newsletter readers, I recently sent you that great chart, a table, I guess it showed the national home price, rate of appreciation or depreciation for every single year, going back to World War Two and from 1942 until today, those 83 years, how many times do you think that home prices fell over the last 83 years? There were exactly six, six of the last 83 years, only six where home prices fell. Paradoxically, interest rates don't have much to do with home prices, and this is all per Case Shiller statistics. Over the last 83 years, there were only six down years. 72 were up. Five were even. And of those six down years in the last 83 five of the six down years were tied up in a once. I mean, it took a once in several generations confluence, a cataclysm of events to occur during the global financial crisis, 2007 to 2011 all at once. Back then, it was a housing supply, surplus, disgustingly lawless mortgage market, cheap credit and a preponderance of debt in the banking system since World War 2, 83 years ago, there was only one other year when home prices fell, that was 1990 when they fell by 1%. If you're waiting for Home prices to fall substantially, it is super unlikely that that is going to happen. Just look at history, and today's market has more than the housing shortage in loads of protective homeowner equity, which means low delinquency rates, and we have permanently inflated higher prices baked into replacement costs of all kinds, land, architecture, engineering, permitting, regulation, labor, building, equipment, construction materials all over the place, but us, you know, as real estate investors, we might be more interested in rent appreciation than prices just four years ago, you know, just then to pay $2,000 to rent a single family home. I mean, that was quite a nice place in the Midwest and South. And today I have modest single family rentals built 50 years ago that are about 1200 square feet, and now they rent for $2,000 $2,000 a month's rent that is common today, and we are rooting for rents to appreciate faster than home prices. And if you want to get our newsletter, you're probably on that list by now, and reading it, I just send some of the best charts in real estate maps to you. You can sign up free right now. Just do it while it's on your mind. Text GRE to 66866, that's text GRE to 66866, for our Don't quit your Daydream Letter. Political season is heating up. We are at a time where we are one month from a general election, and that means we're electing a new president, vice president, 1/3 of the Senate, the entire house of representatives and various state and local officials. Yes, politics matter. Politics affect real estate. So why don't I discuss this more here on the show. Well, I explained that to you a while ago. It gets divisive, and it rarely affects people as much as they think. And as you know, I avoid even using words like Democrat, Republican, left, right, conservative and liberal. And why do I do that? Because they are divisive terms. The problem isn't so much politics. It's when people get infected with the partisan mind virus. Yes, they put party over country. For example, a partisan political instigator will swear to god that the economy is great now, but as soon as, say, a different party wins an election, even if the economy is the same, although now say that that same economy is awful. In fact, a couple years ago, I quit my job as a writer for a publication that you've heard of before. I no longer contribute to them. They put party before country, in my opinion, I wrote an article for them about two years ago, and my article made it sound like an eminent recession was a question, not a foregone conclusion. Well, the editor let me know that their consensus of writers feels like a recession is eminent and that I need to change my article to reflect that that's because they don't like the administration that's in power, so I quit rather than edit my article. I mean, if you just ask an American the question, this question, do you wish that America were less divided? Well. Any sane person would answer that question, yes. Well, then why would you go attach divisive labels to the other side and attack them? It makes no sense. That's where the division comes from. So really, it ought to be about solutions and ideologies and not political parties. So this is another reason why, during political season, I don't play those games, and we stick to investing the economy and wealth mindset. I mean, virtually no other country in the world drags out their presidential election cycle this long. I mean, it's like a year and a half. Remember all those debates last year and names like Nikki Haley and Vivek Ramaswamy that were in the news all the time. I mean, other countries get this entire process over with in six weeks. Let's take a page from them, and that way we can have more constructive things in our news cycle.  Well, I am coming to you from the makeshift mobile GRE studio today, like I do some weeks, because this morning, I woke up in reading Pennsylvania. Reading is, in fact, my birthplace, and besides being the pretzel capital of the United States, one way that you know about reading is from the Reading Railroad property in the board game Monopoly. Yeah, it's one of the properties that you can buy and, I guess, collect rent on. And, you know, here we are a real estate show. So maybe it's appropriate that the namesake of my birthplace is immortalized as a property on America's best known real estate game. And it also might be appropriate that I'm back here because the 10th anniversary of the launch of this show is nigh this coming Thursday, on October 10, 1010, it will be 10 years since episode one of this show. And yes, the math, I suppose, checks out, because there are about 52 weeks in a year, and you are listening to episode 522, right now. Well, listen to this. This could blow your mind. Have you heard an AI generated podcast? And I don't just mean sort of where a robot reads a blog in monotone and then you listen to that audio file that's embedded in the article. No, that's not what I'm talking about. Here's what I mean. A few weeks ago, I learned that macroeconomist Richard Duncan, who was the first ever guest on this show back in 2014 Gosh, all these tie ins to GRE 's origins today? Well, Richard published some PDF charts, and he uploaded them to notebooklm.google.com, that's how you find this. And he clicked generate audio overview, and within three minutes, it had created a podcast with two virtual people having this pretty intelligent, engaging and even humorous conversation about his presentation on interest rates. I mean, wow, just listen to the first minute or minute and a half of this AI generated podcast here. And again, this is from about a month ago. So they're talking about the upcoming Fed rate cut that did indeed happen.   13:23 All right, ready to dive in. Today, we're tackling the big question everyone wants to know, will the Fed actually cut rates on September 18? It's the question on everyone's mind, for sure, and more importantly, for our listeners, what's it going to mean for them to help us unpack this whole thing. We're looking at this report. It's by economist Richard Duncan, called why the Fed will cut September 12, 2024. Duncan always brings unique perspective. He cuts right to the chase, which I appreciate. right! So let's jump right in. Duncan starts by talking about inflation, which, let's face it, we've all been feeling the heat from this past year. Yeah, it's been a wild ride. Inflation hit a pretty brutal 9% last year. I think my grocery bills are still recovering. Oh yeah, tell me about it. But the latest number shows down to 2.5% that's both by the CPI and importantly, the PCE Price Index, right? And that PCE is the one the Fed really keeps their eye on, exactly, which is why I wanted to ask you about that. Why is the PCE like the golden child for the Fed, why not just stick with the CPI? Everyone knows that one. well, It's all about getting the most accurate picture of inflation. Think of it like this. The CPI is like taking a quick glance at prices. You know, just a snapshot in time. Okay with you, but the PCE, that's more like a movie. It captures how our spending habits change as prices change, and that gives the fed a better look at those underlying trends driving inflation. So it's like the CPI with a little bit of a crystal ball. It's trying to anticipate what's going to happen. It's got it okay? So inflation seems to be cooling down, which is good news, right?   Keith Weinhold  14:56 Gosh, that's just really good, a totally realistic sounding AI generated podcast just from some PDF files. The macro economist Richard Duncan uploaded remarkable and you know that the quality of that is only going to get better. That's probably about as bad as it's ever going to be right there. And in fact, in another 10 years, listeners could find it rather cute or quaint that we find this remarkable today. A big thanks to Richard Duncan for allowing us to play that and also expect Richard to be back here with us on the show again before the year ends, and here on the 10th anniversary week of the GRE podcast, you know, it makes me wonder how expendable my job as podcast host is going to be. I hope that I'm here with you in another 10 years, and I completely plan to be.  Well  episode number one of the get rich education podcast back from 2014 is called your abundance mindset. So it's apropos to visit a mindset topic today I'm going to do that with firebrand Speaker This week's guest, Garrett Gunderson. Here shortly, do you want to live a life that is small and safe and sheltered? I doubt that you really do, but you know, safe decision after safe decision, that's what most people end up doing. Do you want your kids to live a small, safe, sheltered life? I mean, most parents want safety for their children, but they're going to have an outsized impact on others when they study and then take the right risks. We're discussing those types of wealth creation mindsets with Garrett. He's a really talented guy. He was last with us six years ago. He's done some stand up comedy. Many have remarked that Garrett looks like Jesus Christ. He's the author of some popular books, including killing sacred cows. Let's talk to Garrett. This week's guest is a pretty well known author and speaker. He helps you make, keep and grow your money to help you live your best life. He's an especially dynamic speaker, public speaker, and I'm confident that you'll be able to hear that on the show today, because he has a great knowledge base, and he speaks with this conviction on topics that make him so compelling. Hey, it's been a few years. Welcome back to GRE Garrett Gunderson.   Garrett Gunderson  17:38 good to be back. I thought that was a very honest, like, pretty well known, like, I'm not really well known pretty well. That's just enough to annoy my wife. Like, I'll be going through an airport and someone come over and talk to me, and she's like, ah, but I love it, dude. I love conversations with people that I don't know, and I just get to meet because if they engage in my work, it gives us a chance to connect. And sometimes it makes me look cool to my kids, which is always a good thing. You know what I'm saying, like my son will be with me and someone say, hey, love killing sacred cows, or, Hey, are you that guy on YouTube? I'm like, it could be me, or you might be thinking, I'm Jesus. You know what I'm saying. I look familiar, though.   Keith Weinhold  18:14 Yeah. Now you can tell your kids that I said you are pretty well known. And you know, Garrett, you're also a really keen and perceptive person. You can tell if somebody's poor within 60 seconds of what they say. Tell us about that.   Garrett Gunderson  18:31 Oh, man, that video has so much hate. Man. I put that out like it was my son's filming, and I'm just sitting in our kitchen, and I was just thinking about a conversation I had earlier that day, and in the conversation, it was like, more about complaining about the world, saying that they couldn't afford things, saying they didn't have the time, blaming everyone for their situation. And I was like, man, it's pretty easy to tell. And 60 seconds, I mean, I guess maybe is a rash statement, because maybe it takes three minutes or 300 seconds, like five minutes, and get deep enough, but you just find that there's a certain language to poverty, and whether that's just poor in spirit, whether it's poor in mind, or whether it's poor in the bank account, typically it's devoid of personal responsibility. It's leading the levels of inspiration. And this isn't to say that if you're wealthy, that you only speak inspiring conversations. I mean, I complain sometimes that happens. I get frustrated. I get disappointed in myself for not being nicer to a customer service person and like, have to really manage that sometimes. But ultimately, it's this language that is almost like a Marxist type of language, you know, that comes from a place of like, I want this. I'm owed that we deserve this. And I'm like, wait, wait, wait, like, who's going to produce that? And so it's something that's a fairly easy thing to detect with just a few questions. Like, if I'm given one question, I can tell in 60 seconds for sure.   Keith Weinhold  19:57 Yeah. I think a lot of times people start complaining. About something. People find money a scarce resource when they start, you know, complaining about gas prices or something like that, I think that's just really a classic one. It tells me where they're coming from. I mean, it tells me what their mind is occupying.   Garrett Gunderson  20:12 Right.  And if we're not excited about our future, if we're not developing our skill sets, if we're not really engaged in the world of value creation, it's easy to get frustrated about tax it's easier to get frustrated about inflation. It's easier to get complaining about interest rates or loan rates and all those kind of things. But what I find is the best way to outpace inflation is through skill set, and if we truly invest in ourselves and invest in other people so that we increase our quality of life and our enjoyment of it along the way, we increase all the skill sets that matter. You've mentioned that I'm a decent public speaker and that I'm articulate. That comes from going through writing courses and hiring speaking coaches and just getting the reps and doing comedy and the things that will help me to become a more effective communicator. And then it's really about becoming a better cash flow investor. I know that you teach people a lot around, you know, real estate and investing, and that's one of the big three assets in my mind, that helps people generate and create cash flow. But most people are trapped in this indoctrination where they set money aside and forget it. They wait for 30 years and hope for the best. They're very one dimensional of just paying off a loan and then hoping the retirement plan is going to get them there. And that's why they end up in this mindset where they're like, oh, I don't feel in control, because the outcome of my income is something that's dictated by the economy and not my own willpower, not my own skill set, not my own value creation. And I think that's why retirement is such a bad and faulty notion. My main statement in life is create the life you don't want to retire from. Now, I get it. In the industrial age, people need to retire because they were being worked to death and they weren't living for very long. It was an immensely valuable concept back then, a blue to collar world back then? Yeah, right. But in today's world, what if people just invested more time in selecting your career that mattered or had enough faith and took a leap on themselves to start becoming a better investor or start a business or be an entrepreneur where they get upside potential, instead of just begging for safety and security, instead of just wanting the entitlement of benefits, instead of just trading time for money, like that's an industrial age concept that we watched, whether it's our parents or grandparents, go through trading time for money, but we're in a world where that's not required any longer, because we do have technology, we do have artificial intelligence, we do have these things that are starting to displace The jobs that no one really wants to do because it beats down the body, and there's a lot of opportunity for those that are willing to grasp it and go for it, but it comes down to one key thing, value creation. And if we're going to be devoid of value creation, it's easy to tell in 60 seconds whether someone's poor because value creation was not part of their concept or their purview.   Keith Weinhold  22:40 And value creation is about expanding that upside. And a lot of poverty mindsets just complain about the downside their expenses. And you can't really do that much about your expenses. You can only lower them so much. Anytime you do, you're probably diminishing your quality of life anyway. And really, I think a lot of this mindset of lack Garrett comes back to the fact that, simply, most believe that money itself is a scarce resource. I probably believe that at one time, when I was younger, maybe you did too. And as I like to say, although I wasn't the first person that said it, the only place that you get money is from other people. So most people, which tend to be employees, think their way to increase their income is only if their employer gives them a raise, or maybe if they find a new employer that pays them maybe 10% more, or something like that. So they're limiting their upside over there because they think money's a scarce resource, because it's got to come from an employer. Somehow they're not thinking about, why don't you really expand your upside and start an Amazon business, or rent cars through Turo or Airbnb rentals, or what we do here at get risk education, help people with long term housing rentals. So it just kind of comes back to the fact that, you know, people's mind is closed off, and they just simply want to believe that money is a scarce resource.   Garrett Gunderson  23:57 They're adding to computer screens as we talk about this, you know, I mean, there's never been more money in the world than there is today. It's the most money there's ever been. We keep adding it. There's, you know, so much of it out there. But even if they stopped printing it, or they stopped adding it to balance sheets, there's an infinite number of times they can exchange hands. So if we use it to buy computers and clothes or food and shelter or entertainment like comedy and concerts, the more times money exchanges hands, the more values created. It's exchange that facilitates and creates wealth in the way that we create exchanges, serving others, solving problems and adding value. And here's the deal, we can have two parties do exchange with one another and both end up wealthier. It doesn't need to be a win, lose transaction. As a matter of fact, when people transact, they agree that what they bought was worth more than their money, or if they sold it, they agree that the money was more than what they sold. Otherwise they would have kept it. We don't do equal exchange. I wouldn't give you $1 for $1 right? There's no reason to exchange. It's unequal, which means, if you can provide something more efficiently than. I can for myself. I can pay you, which frees up my time to do what I most efficiently and effectively can do. I did triathlons because I was an idiot back in the day. Sorry for those triathletes, which is like a lot of work, man. And I don't love swimming, but I remember going to buy a triathlon bike. I just bought, like, a road bike. It was a big upgrade from having a huffy from Walmart, you know, like, oh, this $4,700 this is a while back, but it was carbon fiber. It was, like, amazing. And I thought, you know, I could never build this. So this $4,700 is actually really cheap, because I'm giving him $4,700 to build something that I can then go build something like write a book or do some consulting or do a speech that can inspire someone. And so that exchange was valuable. It's like if you bought killing cigarette cows. For me, you're saying that it was worth more than $20 I'm saying it was worth less because I already have the knowledge in my head, and so we both can end up wealthier. Unequal exchange is what facilitates wealth. What it lets us do is tap into our best abilities and tap into other people's best abilities. And that exchange ends up growing over time, and the more times money circulates because of Good Services and experiences, the more output there is. So look at today. Hundreds of years ago, if you wanted to listen to music, you had to hire a quartet. Now it's free for almost anyone, if you have any device of any sort, if you're willing to listen to a commercial here or there, you can listen to anything that you want. For the most part, you don't even have to pay for it. So think about that advancement. If you want to be anywhere in the world, you could be there in almost 24 hours or less, back in the day, that would have taken, you know, years for that matter. I mean, we have so much more wealth because we keep building upon previous wealth, previous ideas, and those blueprints we continue to grow from with new innovation and ingenuity. Therefore, the quality of life for someone that's middle class today is infinitely more than the middle class of hundreds of years ago, the amount of people that are hungry today versus years ago, even though we have more than 8 billion people on the planet, has gone down as a percentage, not up as a percentage. That's because of velocity and exchange. It's because of this notion that money's not scarce and resources have the way to be replenished, as long as we're stewards. Now, if the bison, if we kill too many of them, then they can't replenish, right? But if we manage that properly, you could actually eat the bison, use the skins, do all that kind of stuff, and still have that exist in the future. These people that don't believe in that believe that there's like a finite pie, that if one thing's gone, it's gone forever, not understanding value exchange, reproduction, apparently, and basic science either. And again, we can overdo those things and damage an ecosystem. So there is a balance.   Keith Weinhold  27:36 Yeah, that's right, when you talk about value creation, then you're really not talking about a person going out and trying to get their piece of the pie. Really more accurately what you're talking about. Here are ideas for expanding the entire pie.   Garrett Gunderson  27:51 Spam the pie. Expand your means you can budget and reduce. You said it eloquently. You said, Hey, there's only so much you can do in reduction of expenses before it just starts infringing and taking away from things that you value in life. There's a finite game there, but the expansion gain through co creation, through collaboration, instead of through competition, is absolutely an infinite pie that continues to grow as we add more value, as we serve more people, as we solve bigger problems, as we more deeply impact the people that we impact as we reach more people, these are things that can lead to more dollars. So I have this thing called the value equation. It's our mental capital, ideas, knowledge, wisdom, insights, strategies and tools multiplied by our relationship capital, people, networks, organizations, communities, friends, family, mentors, equals our financial capital. So financial capital is a byproduct of our stewardship of our mental and relationship capital. And the bridge between mental relationship capital is what we call business, or we call investing. So ultimately, Money Follows value. How do we add more value? Have a better idea. Impact more people. More more deeply. Impact the people you currently serve. Collaborate and offer more like it's an infinite pie and an infinite game. If we play it that way.  We're talking with speaker and author Garrett Gunderson, about the mindset of wealth creation. More. We come back with Garrett. I'm your host. Keith Weinhold.   Keith Weinhold  29:01 hey, you can get your mortgage loans at the same place where I get mine at Ridge lending group NMLS, 42056, they've provided our listeners with more loans than any provider in the entire nation because they specialize in income properties. They help you build a long term plan for growing your real estate empire with leverage. You can start your pre qualification and chat with President Caeli Ridge personally. Start Now while it's on your mind at ridgelendinggroup.com That's ridgelendinggroup.com. Your bank is getting rich off of you. The national average bank account pays less than 1% on your savings if your money isn't making 4% Percent, you're losing your hard earned cash to inflation. Let the liquidity fund help you put your money to work. With minimum risk, your cash generates up to an 8% return with compound interest, year in and year out. Instead of earning less than 1% sitting in your bank account, the minimum investment is just 25k you keep getting paid until you decide you want your money back. Their decade plus track record proves they've always paid their investors 100% in full and on time. And I would know, because I'm an investor too. Earn 8% hundreds of others are text family 266, 866, learn more about freedom. Family investments, liquidity fund, on your journey to financial freedom through passive income. Text, family 266, 866,   Hal Elrod  30:54 this is Hal Elrod author of The Miracle Morning and listen to get it rich. Education with Keith Weinhold, and don't quit your Daydream.     Keith Weinhold  31:10 welcome back to get rich education. We're talking with firebrand speaker and author Garrett Gunderson. You can learn more about him at Garrettgunderson.com. Garrett before the break, we were talking about the mindset in opening up one in order to create more wealth over time. Here, a lot of times, one way we talk about that is, don't just get your money to work for you. Get other people's money to work for you. You could actually use other people's money ethically three ways at the same time, in real estate, using the tenant's money for the income stream the government's money for generous tax incentives, and then the bank's money for the leverage, which is actually a greater wealth building force than compound interest. That's one example of how we do that here. But when one has become successful, oftentimes they want to make sure that that's lasting. They want to build a legacy, something that they can carry on. And I know you articulate that through the Rockefeller method. So do you want to tell us more about that?   Garrett Gunderson  32:05 I wrote this book. What would the Rockefellers do back in 2016 this study between really wealthy families versus their wealth lasted, versus wealthy families that decimated it, and the best study was really the Vanderbilt because they had more money than the US Treasury. One the railroad family, yeah, transportation. And you know what? They destroyed that Cornelius died, and then his eldest son doubled the estate nine years and then he died, and that was the last time their estate grew. It started to decrease after that. And 54 years later, the first Vanderbilt died broke, and so the last Vanderbilt family union didn't have any millionaires at it. I know everybody knows about like Vanderbilt University. They donated like, a million dollars to get that started. But, you know, that was pretty inconsequential compared to their overall net worth. But they didn't have a formula or format to create sustainable wealth. They own 10 mansions in in Manhattan. They don't own those anymore. They own the breakers in Rhode Island. The state of Rhode Island owns that now. So they lost this massive amount of wealth where the Rockefellers are just entering their seventh generation of passing on, well, seven generations, wow. And people that worked for the rock bellers, like the executives, they're still passing on, well, for this generation after generation. And most people don't make it past the third generation. And we could look at, you know, people like Walt Disney. We could look at people like JCPenney. We could look at people, you know, like the the Kennedy family and so many others that have used these two things to really create sustainable wealth. Number one is they use trust. The Rockefellers coined the term own nothing and control everything, whether that's a revocable living trust for people who are just starting out and don't have a substantial amount of wealth, or a domestic asset protection trust for those that have a decent amount of wealth, those are the two main popular ones. There are some offshore trusts. It gets onerous and complicated once you go offshore, but it does protect your assets. The second piece is using whole life insurance, so they have this death benefit that's on the insured, and they put that on their heirs, so that every time an heir dies, it replenishes the trust, and potentially even grows it, because there's these threats to the family wealth, there's taxes, there's inflation, there's interest rate fluctuations or market, you know, economic turmoil. So what they're doing is they're creating that level of stability, and they give them preferred interest rates to borrow from the trust versus a bank. So now your family can actually earn interest instead of paying interest. And yes, if your family is paying interest, they're paying it back to their future generation at Preferred rates. And so you could be one generation away from never needing a bank again and actually being able to capitalize on deals a whole lot faster. Specifically, we use whole life, because it transfers the risk to the insurance company. There's six or seven companies that are participating, mutual companies that have been around for over 150 years, always paid dividends. It protects your cash value from taxes. It protects it from liability and bankruptcy in over 40 states, fully and partially in every state. So what happens is, for an asset allocation decision. You can start moving some of your fixed income portfolio to this and have a better, more robust benefits type of situation, and then actually start to implement this Rockefeller method so that you can create generational wealth.   Keith Weinhold  35:12 All right, so the Rockefeller method using trusts and whole life insurance to preserve and grow your wealth, so as one's building their portfolio, amassing wealth, increasing income streams as they go along in their investor journey. Is there anything that they should keep in mind as they try to integrate some of these things from the Rockefellers?   Garrett Gunderson  35:12 Yeah, a lot of other insurance people try to sell these index universal life policies, but those won't work because they have too many levers of risk, and especially when you're building cash value, you might use that cash value to buy real estate. Then you might use the rental income to put the money back into the policy so you can buy more real estate in the future. So it becomes like a medium storage shed or unit for your cash that's protected, but now it comes with the death benefit, which, here's one example, for a real estate investor, instead of just, you know, rolling it over to the next property and rolling it over to the next property when you eventually sell, you can use a charitable trust. And a charitable trust, you can donate that highly appreciated piece of real estate, get a partial tax deduction, sell it and fund the trust and pay zero tax on your gains. No matter what your basis is, there's no tax on the gains. You're the first beneficiary of the trust, meaning you can take an income between 5% and 50% from the trust while you're alive, depending on the underlying assets, and then when you die, the charity keeps whatever's left over. But if you have a life insurance policy that will replenish what that donation was, therefore giving you 20 30% or more increased cash flow with an asset by making a synergistic allocation. Now, that's a lot of information in a short period of time, but it's more about planting seeds. And don't worry, I'll give everybody a copy of the book at no charge, so they can kind of read it at their own pace, or you can listen to it at their own pace, versus me condensing it into just a couple minutes.   Keith Weinhold  36:56 Oh, thanks. All right, well, we'll learn more about that resource at the end that sounds like that can be really helpful to a lot of people. And I guess Garrett, even though you're not as real estate ish as me, as we wind down here, you know, I think the place that you and I find the most common ground is we often say and help people with the things that sort of fly in the face of conventional guidance. I mean, you really just don't have to think about it that much more than if you just do normal stuff, average, mediocre stuff, you're only going to have a normal, average, mediocre outcome. So can you tell us about any last things that can help get people thinking differently and debunk some of this conventional guidance that really will never help get you much above lower middle class?   Garrett Gunderson  37:40 Yeah, if you're putting your money in mutual funds and ETFs, you're making a bunch of other people money. I mean, the big three is you want to focus on generating cash flow so you can create financial independence. Because if you have enough cash flow from assets to cover your expenses, every active dollar can build more assets. That's an exponential benefit to you. So now that you don't have to be forced to work, you've got a lot more freedom. And the big three for me are real estate businesses or intellectual property, which is kind of, you know, something that is part of business to a degree, but I consider a different asset class. Those are the big three. I have no money in the stock market. I have money in my businesses. I invest in myself. I invest in my vision. I invest in a team, instead of investing in things that I have no control over and I don't get cash flow from and that the economy can change, or that Wall Street's making money on whether I make money or not. So that's just one notion that I think we could probably, you know, agree, flies in the face of what everybody's teaching. That's the masses. But when you look at the wealthiest people, it's how they're implementing and what they're doing.   Keith Weinhold  38:39 And I think another place that conventional guidance really tells people to prioritize is paying down debt or paying off debt. I mean, making your debt free scream at age 34 you know, maybe that's not so bad, but maybe not. I mean, did paying down low to moderate interest rate debt and making that priority sacrifice your lifestyle and your family's lifestyle the entire time while you were doing it, and did it have a steeper opportunity cost, because you were not investing those dollars in things that can earn a greater return than their interest rates were they're using some of the vehicles that you talked about. So, you know, I guess what I'm getting at Garrett philosophically, one way I said it, is that the risk of delayed gratification is denied gratification?   Garrett Gunderson  39:23 Yeah, I mean, if we become sacrifice, how do we ever overcome that habit? I'm I'm scrimping, I'm sacrificing, yeah, I'm deferring. And then one day, what you're supposed to flip the switch be like, Okay, now I'm abundant. I'm gonna enjoy this money that doesn't happen. So that habitual notion of reduce, cut, eliminate, no one shrinks their way to wealth. It's a game of expansion and production. Yes, be efficient, be intelligent, be a steward, but don't become a miser, because misers, no matter how much money they have, never get to feel what it's like to live their richest life. It's always about elimination. Instead of enjoyment and utilization.   Keith Weinhold  40:02 Oh, that is just beautifully stated. I really can't say it any better than that, and that really brings it back full circle as to the best personal finance is probably growing your means rather than practicing living below your means for decades, and then you'll never get that time back. Well, Garrett, you've generated so many good educational resources. Why you've been the successful author and speaker. Tell us more about that.   Garrett Gunderson  40:26 Garrettgunderson.com is where a lot of those resources are. I write a blog like it's 2006 because I love to write and just get information out there. I've created a money persona quiz. So if you go forward slash tools on Garrettgunderson.com you can figure out what's the success or sabotage that happens subconsciously with how you deal with money. It's very informative and useful. I've written 10 books. I offered that if people DM me on Instagram, Garrett B, Gunderson, two R's, two T's, middle initial B and just say, Keith, get rich. Keith get rich. So I know it was on this program, I'll hook you up with the audio and a PDF of the book on me, so that you can hopefully just understand this Rockefeller method and improve your life and start building a legacy right now. Because if you're already doing real estate, that's great, let's make sure to preserve, protect and even perpetuate that wealth with some of the structures that could be integrated.   Keith Weinhold  41:17 Well Garrett, yeah, you have a lot of great resources and just a really wide spectrum of understanding of concepts all across a personal finance field. Is there any last thing you'd like to let our audience know about?   Garrett Gunderson  41:28 Just create the life you don't want to retire from. Design a life that you love. Create enough cash flow from assets to have that economic independence so you have choice and freedom daily of what you do and swing for the fences in that purpose, you know, that's probably the best advice that I could give.   Keith Weinhold  41:43 Why would you want to live your life any other way? Garrett Gunderson, it's been valuable as expected. Thanks so much for coming on to the show.   Garrett Gunderson  41:51 Thanks for having me.   Keith Weinhold  41:58 Yeah, a lot on both mindset and long term wealth preservation with Garrett Gunderson today, now, 15 weeks ago, on episode 507 you'll remember that episode called compound interest is weak, where I made a takedown about how compound Interest actually is not serving people. Leverage does serve people. Garrett also makes a takedown and critiques this myth about how people think compound interest builds wealth. A little review. There some comprehension from 15 weeks ago, compound interest has most people counting on the average annual return when they should be focused on the compound annual growth rate. A little review. Remember the average annual return means if you're up 10% one year and then down 10% next year that you broke even. That's the arithmetic thing. But that is a lie. The reality is in this CAGR, the compound annual growth rate, it reflects, if you're up 10% one year and then down 10% the next year, you're at minus 1% the geometric thing. And that's the reality, and that makes a retirement lifestyles worth of difference, and a retirement ages worth of difference like I thoroughly broke down for you in episode 507 coming up on the show here in future weeks, a familiar name like Tom wheelwright returns, and then new guests, like a former NFL player here on the show, if you want to reach out to Garrett Gunderson on Instagram for his best free resources, even the audio and pdf of his Rockefeller method of generational wealth preservation, again on Instagram, you can DM him at Garrett B Gunderson, he let me know later, all you have to do is send him my first name, Keith, and he will hook you up there. I'm your host, Keith Weinhold, and I am supremely grateful and even in awe of your devoted listenership for an entire decade of your life and mine, here's to another 10 years. Don't quit your Daydream.   44:21 Nothing on this show should be considered specific, personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of get rich Education LLC, exclusively,   Keith Weinhold  44:49 The preceding program was brought to you by your home for wealth. Building, get rich, education.com, you.

Join Monty Felts as he shares the thrilling journey from his secure corporate life to becoming a trailblazer in the mortgage industry. Dial in as he discusses the crucial role of coaching in his business evolution, his unique approach to mortgage lending, and how he cultivates impactful relationships with REALTORS® and how you can do the same! Plus, don't miss his unbelievable story involving an AI spam blocker that adds a dash of unexpected comedy to the world of real estate.     Key takeaways to listen for How Monty's switch from a corporate job to entrepreneurship reshaped his professional and personal life Unique loan options that cater to investors, veterans, and entrepreneurs The importance of creating strong partnerships between REALTORS® and lenders Ways professional coaching can transform your business operations and personal development     Resources mentioned in this episode 364 - VA Home Loan with Executive Director, Mr. John Bell III What You Need To Know About VA Home Loans RIGHT NOW with John Bell III The Ritz-Carlton Approach to Customer Service Robokiller The Power of Who by Bob Beaudine Killing Sacred Cows by Garrett B. Gunderson and Stephen Palmer     About Monty Felts Monty is a Branch Manager at The Hallasan Group and has over 12 years of international experience managing multi-billion-dollar projects across three continents. As one of the top 1% loan officers in the nation, Monty is passionate about teaching REALTORS® and Loan Officers to elevate their businesses. He has developed a VIP program that empowers industry professionals to generate warm referrals and boost success through personalized coaching and mentorship. Monty connects REALTORS® and Loan Officers with influential individuals in his network, fostering valuable partnerships and opportunities for growth.     Connect with Monty  Website: CrossCountry Mortgage LinkedIn: Monty Felts Facebook: The Hallasan Group - CrossCountry Mortgage Instagram: @monty.felts YouTube: HOW TO MORTGAGE Phone Number: (512) 712 - 3366 Email: monty.felts@ccm.com     Connect with Leigh Please subscribe to this podcast on iTunes or the Podcasts App on your phone, and never miss a beat from Leigh by visiting https://leighbrown.com. DM Leigh Brown on Instagram @ LeighThomasBrown.   Subscribe to Leigh's other podcast Real Estate From The Rooftops     Sponsors "You Ask. Leigh Answers." Your Affordable Coaching Program Hey there, real estate pros! Are you ready for some more Leigh Brown wisdom in your life? Then don't miss out on my brand-new program, "You Ask. Leigh Answers." It's your exclusive gateway to the insights and advice you need to supercharge your real estate business. With "You Ask. Leigh Answers." you get Direct Access to Leigh Brown, directly!, Expert Coaching, Community Connection, and Extensive Resources. Whether listening to this on the go or watching at home, sign up today at Answers.RealEstate and take your business to the next level. Trust me, you'll be glad you did!  

TAKE CONTROL OF YOUR MONEY NOW: https://www.controlandcompound.com/contact-us On today's episode, Darren and Christina are honoured to have the one and only Garrett B. Gunderson on as a guest! The three chat about some of the books Garrett has authored including “What Would the Rockefellers Do” and “Killing Sacred Cows” as well as his new book “Money Unmasked”. They also talk about some great examples of companies leveraging life insurance as well as the “win then play” philosophy. Tune in now, you don't want to miss this episode! Show notes: 00:00 - Introduction to Garrett B. Gunderson 8:30 - Garrett chats about the updated version of his book “What Would the Rockefellers Do?” 12:55 - How General Electric incorporated the Rockefeller method (corporate owned life insurance) and where it went all wrong for them 22:10 - The best place to save your money 32:15 - A deeper look at Garrett's new book, “Money Unmasked” 37:20 - “Win then play” philosophy FIND GARRETT ON: Website: https://garrettgunderson.com/ Money Persona Quiz: https://garrettgunderson.com/tools Garrett's Books: https://garrettgunderson.com/books Instagram: https://www.instagram.com/garrettbgunderson/?hl=en Linkedin: https://www.linkedin.com/in/garrett-gunderson-651359b3/ YouTube: https://www.youtube.com/@GarrettGundersonTV/videos FIND US ON: INSTAGRAM: https://www.instagram.com/controlandcompound/ TIKTOK: https://www.tiktok.com/@controlandcompound?lang=en FACEBOOK: https://www.facebook.com/controlandcompound JOIN OUR FACEBOOK COMMUNITY: https://www.facebook.com/groups/controlandcompound  

In this episode, we had the privilege of hosting Garrett B. Gunderson, a financial expert and founder of Wealth Factory, whose passion lies in dispelling financial myths and helping hardworking business owners achieve prosperity and peace of mind. Raised in rural Utah with a family history of struggle and resilience, Garrett's mission is to empower self-made business owners with the financial tools they need to build lasting wealth.  This led to the creation of Wealth Factory, a company committed to helping individuals recover leaking money, connect with financial experts, and establish structures for both immediate wealth and a lasting family legacy. In our conversation, Garrett shared his remarkable journey from his blue-collar roots in a 4th generation coal mining family to becoming a renowned "financial genius" in entrepreneurial circles. He also touches on the money myths that most people fall into and how bad financial mindset can affect the way you look at wealth. Garrett's dedication to passing on his knowledge and values to his children fuels his drive to innovate new financial tools and technologies that benefit small business owners and entrepreneurs, emphasizing that legacy encompasses more than just wealth—it's about values and contributions. Tune in on this enlightening journey to financial empowerment and legacy building with Garrett Gunderson! In this episode, we discuss: His personal journey experiencing financial struggles to paving his way to success Learning and mastering his path to financial independence The importance of financial belief system and money mindset  Expert tips and insights from the "financial genius"   Connect with Garrett Gunderson:  Website: https://garrettgunderson.com/  Take the quiz: https://garrettgunderson.com/quiz  Books: https://garrettgunderson.com/books  Facebook: https://www.facebook.com/garrett.gunderson/  Youtube: https://www.youtube.com/c/garrettgundersonTV  Linkedin: https://www.linkedin.com/in/garrett-gunderson-651359b3/ Company Website: https://wealthfactory.com/  Instagram: https://www.instagram.com/wealth_factory/  Twitter: https://twitter.com/wealthfactory_    Connect with Pantheon Investments:  Join the Pantheon Investor Club: https://pantheoninvest.com/investor-signup/   Website: www.pantheoninvest.com   Podcast: www.pantheoninvest.com/podcast   Facebook: https://www.facebook.com/PantheonInvest   Instagram: www.instagram.com/pantheoninvest   LinkedIn: https://www.linkedin.com/company/pantheon-invest   Twitter: https://twitter.com/Pantheon_Invest    Youtube: https://www.youtube.com/channel/UC8EsPFlwQUpMXgRMvrmbAfQ   Holistic Wealth Strategy Book: https://www.amazon.com/Holistic-Wealth-Strategy-Framework-Extraordinary-ebook/dp/B0BX4SDMS7/ref=sr_1_1?keywords=holistic+wealth+strategy&qid=1681472301&sprefix=holistic+wealth%2Caps%2C99&sr=8-1   Email: info@pantheoninvest.com     Get your FREE copy of the book here: https://holisticwealthstrategy.com/   

Today, Garrett Gunderson joins us for a thought-provoking discussion where we explore the concept of the 4 money personas and gain valuable insights into teaching your children effective financial management. Tune in to this episode to revolutionize your approach to managing your finances today.     Key takeaways to listen for The 4 Money Personas: What they are and how to know which one you are How you can transform and emerge as a winning persona Resources and tips to help you become financially savvy Actionable tips to educate your children on money Why you need to teach your kids about home finances     Resources  Killing Sacred Cows by Garrett B. Gunderson and Stephen Palmer | Kindle, Hardcover, and Paperback 5 Day Weekend by Nik Halik and Garrett B. Gunderson | Kindle, Hardcover, and Paperback What Would the Rockefellers Do? by Garrett B. Gunderson and Michael G. Isom | Kindle, Hardcover, and Paperback The Money Tree by Chris Guillebeau | Kindle, Audiobook, and Hardcover John Lennon The Millionaire Next Door by Thomas J. Stanley | Kindle and Paperback Money Unmasked by Garrett Gunderson | Kindle and Hardcover     About Garrett Gunderson Garrett is an author, a public speaker, and a comedian. He is the writer of the New York Times bestselling personal finance book, “Killing Sacred Cows: Overcoming the Financial Myths That Are Destroying Your Prosperity.” He is also the author of the recently released financial management book entitled “Money Unmasked.” Garrett is also the founder and chief wealth architect at Wealth Factory. With his expertise, he is a regular guest on the television show Good Money and has appeared on CNBC, Fox, and various shows.     Connect with Garrett Website: MONEY UNMA$KED LinkedIn: Garrett Gunderson     Connect with Us To learn more about us, visit our website at www.18summers.com or email us at info@18summers.com. To get a copy of our book “The Family Board Meeting”, click here.   Subscribe to 18 Summers Podcast and leave a rating and written review!     Social Media Channels Facebook Group: 18 Summers LinkedIn: Jimmy Sheils Instagram: @18summerstribe

On today's show, we answer a request from a Keen on Retirement listener who's been reading Garrett B. Gunderson's popular book "Killing Sacred Cows: Overcoming the Financial Myths That Are Destroying Your Prosperity." You might have seen some of Gunderson's thoughts about alternative financial strategies passed around online, especially among folks who are skeptical about the markets and the government's role in economic policy. But while there's certainly no one way to create a financial plan, most investors who steer clear of "sacred cows" like investing in a diversified portfolio and funding their retirement accounts could be killing their chances of a secure retirement. Below are several of the points we discuss.

Individuals losing themselves on the path to success is a common phenomenon. People often lose sight of their initial motivations and reasons for pursuing success. In some cases, people even start this journey with a misplaced motivation, hoping that success will solve all their problems. Sadly, more often than not, people don't stop and take a look within. On this episode of Real Business Owners, Trevor and Kale travel to Salt Lake to talk with Garrett B. Gunderson, a financial advisor, author, and comedian. Today, Garrett talks about self-introspection and how it is tied to every ingredient of success. From finding the passion in your work to recognizing your own self value, Garrett highlights the importances of looking within and talks about his personal experience in finding ways to gaze inward and figure out who he is.  Video of this podcast is available at YouTube.com/RealBusinessOwners. Connect with us on Instagram and Facebook @RealBusinessOwners. Need bookkeeping or accounting services for your business?Reach out to Easier Accounting at 888-620-0770 or by visiting EasierAccounting.com. Interested in fixing your credit? Visit SixtyDayCreditRepair.com.

Host Chaz Wolfe welcomes Doug Groves, the owner of Program Insurance Group. Doug and his team offer a unique system that gives a level of service to a franchisor and monitors that process. They have large companies as their clients all across the country.Doug, who has been in the insurance business for a multiple decades, discusses his insights about the industry. He emphasizes the importance of having a team that is bought into what you're doing in your business and highlights how knowing how to fail and get back up again is critical in both life and business. Additionally, Doug shares his sage wisdom and points out some mistakes that 2nd generation business owners commonly make and how to overcome those obstacles. This episode is a must-listen for anyone interested in learning more about the insurance industry, business ownership, and leadership. Tune in now!During this episode, you will learn about;[01:57] Intro to Doug and his business[05:26] Doug's Why [09:11] Doug's story of becoming an entrepreneur[13:47] A key decision in Dougs journey that contributed to his success in the business[16:17] Doug's opinion on bringing in the younger generation [22:42] Doug's advice on managing a team member that has differing opinions than the rest of the team[28:52] Doug's decision making process[35:28] Chaz & Doug discuss teaching your kids, and team how to fail [37:56] Doug's #1 KPI[45:41] Does Doug find masterminding and networking valuable?[50:26] What Doug would say to his past self[52:55] How to connect with Doug [54:40] Info on Gathering The Kings MastermindNotable Quotes"I can't stop. I've tried to stop, sold a business, bought another one." - Doug Groves"Pretty much any business, depending on the staff that you have, the training that you have, the model doesn't really matter what you do. You gotta do it well and you gotta be somewhat creative in how you deliver those products." - Doug Groves"If somebody's willing to listen and take your ideas and you see that you can push that onto the younger people, then that's the reason to go to work – to be able to help the next person in line." - Doug Groves"I think we are selling a wheel and the wheel just keeps not turning if we're not capable of putting our weakest link in front of our best customer. And the weak link needs to go away. We don't want to be the weak link on the team, and everybody else needs to be a star." - Doug Groves"My failure was always looking at the next piece of business, my right. So I had to recognize where my weakness was, and I had to have people behind me that would honor my commitments." - Doug Groves"The minute you forget the customer has options, you're gonna be in trouble.” - Doug Groves“If you think that you have a better mouse trap, you're probably way, way, way behind." - Doug Groves"When you don't get a piece of business that you wanted, it's probably not the customer's fault. I counsel with my team and say, 'Look in the mirror,' because that's probably the guy that messed it up." - Doug GrovesBooks and Resources Recommended:Killing Sacred Cows by Garrett B. Gunderson:https://www.amazon.com/Killing-Sacred-Cows-Overcoming-Destroying/dp/1929774516What Would The Rockefellers Do? by Garrett B. Gunderson

13. Write a Must Read (with AJ Harper) AJ Harper is an editor and publishing strategist who helps authors write foundational books that enable them to build readership, grow their brand and make a significant impact on the world. As ghostwriter and as developmental editor, she has worked with newbies to New York Times bestselling authors with millions of books sold. AJ is writing partner to business author, Mike Michalowicz. Together they've written nine books, including Profit First, The Pumpkin Plan, Fix This Next, and their latest, Get Different. Through her Top Three Book Workshops and editing retreats, AJ empowers authors with insider publishing knowledge and guides them through the book development, writing, and editing process. She has written for many people, but now has her own book called Write a Must Read, coming out on May 24th! In this episode we discussed: How AJ became a writer and developmental editor What holds people back from writing their books Her advice for a would-be author to know or have plan in place prior to starting down the path to write a book She shared how she built her Top Three Book Workshop and her vision for it She described how it feels to have helped so many people realize their dream to become authors and publish their books through her workshop We discussed who her new book Write a Must Read is for and what does she hope that her readers will learn from it She shared some of the pre-reader feedback that she has received about her new book We talked about her experience of writing her own book vs. when she writes books with Mike Michalowicz I asked her what does she want her legacy to be AJ says visibility is necessary! You have to do it to be able to get your message out in front of people! Some of the books that AJ recommended: Disrupting Sacred Cows by Garrett B. Gunderson (comes out 6/28/2022) Atlas of the Heart by Brene Brown The Sentence by Louise Erdrich Here are the links to AJ's new book and other books that were mentioned during the podcast episode! Write a Must Read by AJ Harper Profit First by Mike Michalowicz Get Different by Mike Michalowicz Fix This Next by Mike Michalowicz War of Art by Steven Pressfield   THE VISIBILITY FACTOR WITH SUSAN M. BARBER Check out my website and the resources for The Visibility Factor book. As always, I encourage you to reach out! You can email me at hello@susanmbarber.com. You can also find me on social media everywhere – Facebook, LinkedIn, and of course on The Visibility Factor Podcast! I look forward to connecting with you! If you liked The Visibility Factor, I would be so grateful if you could subscribe and rate it where you listen to podcasts! It helps the podcast get in front of more people who can learn how to be visible too!   Thank you to the team at Sheep Jam Productions for the amazing support of The Visibility Factor Podcast!

Being the first full video version available of Stand Up! I decided that we should bring the heat. In this episode we had Garrett B. Gunderson in studio to discuss comedy, his new tour and the creative process for him and his pursuits. Garrett is a legitimate New York Times Best Seller with his 2008 release of Killing Sacred Cows. As a influential force in the wealth creation space, Garrett shifted gears several years ago and went all-in as a standup comedian. All these years later he's competed the nationwide tour "American Ream" and is standing his second tour later this summer. It's an engaging, entertaining conversation. Also, visit BrycePrescottComedy.com for all links related to my comedy, social media and to engage with me. Make sure to follow all my accounts! You curious about my business or wanting to work with me? Visit BrycePrescott.com for the rest! - @BrycePrescott

Being the first full video version available of Stand Up! I decided that we should bring the heat. In this episode we had Garrett B. Gunderson in studio to discuss comedy, his new tour and the creative process for him and his pursuits. Garrett is a legitimate New York Times Best Seller with his 2008 release of Killing Sacred Cows. As a influential force in the wealth creation space, Garrett shifted gears several years ago and went all-in as a standup comedian. All these years later he's competed the nationwide tour "American Ream" and is standing his second tour later this summer. It's an engaging, entertaining conversation. Also, visit BrycePrescottComedy.com for all links related to my comedy, social media and to engage with me. Make sure to follow all my accounts! You curious about my business or wanting to work with me? Visit BrycePrescott.com for the rest! - @BrycePrescott

It has been ingrained in so many of us that financial freedom means having a certain amount of money in the bank, and the secret to wealth is to scrimp and save. But if you possess a scarcity mindset, or are unclear of your purpose, no amount of money will ever do as you'll always feel frustrated, inadequate, and insecure. There is another path to financial freedom and today's guest is here to share it. Garrett Gunderson is the author of “What Would the Rockefellers Do” and an expert at helping people get their finances in line. He's a jump-in with both feet and go all-in kinda guy and constantly finds new ways to find and enjoy success. He joins me this week to share his inspiring journey to where he is today and show you how to create financial freedom and live a life you love. “When money is your ally and not your obstacle, when it's a byproduct of who you are vs you trading time and effort for it, a different world and level of possibility open up for you.” - Garrett Gunderson In This Episode: - Hear the amazing insight Garrett gained when he decided to face up to all the pain he had been holding onto and do all of the things he had been putting off. - Garrett shares how his wife has been an unsung hero in learning to live his legacy. - Discover the problem with a save, scrimp, scarcity mindset and how it could be holding you back. - Learn why financial freedom might not be what you think it is, and what Garrett believes true financial freedom looks like. - What scarcity shackles are and the reason they are so destructive. - Hear how Garrett realized the work he needed to do on himself and how doing so has led him to a life filled with wealth, success and happiness. - We discuss what true success looks like and how this shows up in our own lives. And much more...  Books mentioned: - What Would the Rockefellers Do?: How the Wealthy Get and Stay That Way, and How You Can Too by Garrett B. Gunderson and Isom G. Michael:https://wealthfactory.com/rockefellers/book/ ( https://wealthfactory.com/rockefellers/book/)   Connect with Garrett Gunderson: - Website - https://garrettgunderson.com/books (Books)  Connect with Adam Lyons: -https://thesmartblueprint.com/ ( Website) - https://uk.linkedin.com/in/adam-lyons-210670166 (LinkedIn) - https://www.facebook.com/TheAdamLyons (Facebook) - https://www.instagram.com/TheAdamLyons/ (Instagram) - https://www.youtube.com/channel/UCXrYi3GXQ7OtJ6urs8w3CBQ (YouTube)

In episode 386 of Financially Simple, Justin talks to Mital Patel of Triamicus Law about the legalities of selling your business. With the “do-it-yourself” attitude of most business owners, some of the important complex and difficult legal issues that crop up when selling a business can be overlooked or even ignored. In this episode, Justin and Mital go over the purchase agreement, and consider the important fundamentals that need to be addressed in the document so that both the buyer and seller, and even third parties involved, are not liable for preventable issues. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! _________________   TIME INDEX: 00:42 - The Legalities of Selling Your Business, with Mital Patel 03:56 - What is a Purchase Agreement 06:24 - The Importance of Language in Provisions 09:11 - When is an Agreement Needed 14:17 - Be Prepared 17:10 - Other Areas an Agreement Covers 18:31 - Red Flags 21:19 - Recommended Reading 23:26 - A Nugget of Wisdom 25:07 - Wrap Up   USEFUL LINKS: Work with Our Team Mital Patel on LinkedIn Triamicus Law What Would the Rockerfellers Do? by Garrett B. Gunderson Financially Simple on YouTube Advance Child Tax Credit Payments in 2021 Subscribe to the Financially Simple Newsletter   NEW Book: Your Baby's Ugly - Maximize the Value of Your Business NOW or You Will Have Nothing to Sell Later _________________   BIO: Host Justin Goodbread, Certified Financial Planner, Certified Exit Planning Advisor, Certified Value Growth Advisor. He is a serial entrepreneur, author, speaker, educator, Investopedia Top 100 advisor, and business strategist with over 20 years of experience. Justin owns Heritage Investors LLC, a registered investment adviser with the State of Tennessee. Heritage Investors only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. To learn more about our credentials and awards, please visit https://heritageinvestor.com/awards-certifications/. This material is for general information only and is not intended to provide specific advice or recommendations for individuals. To determine what is appropriate for you, please consult a qualified professional. The Financially Simple podcast provides information, guidance, and support to Small Businesses in the United States.

Interested in growing your wealth? Wondering how to prepare for retirement when you are self-employed? Follow along as Dave "The Laundromat Millionaire" Menz and his wife, Carla discuss how anyone, especially entrepreneurs, can increase their cashflow, their liquidity, and their wealth with Curtis May of The Practical Wealth Show. Curtis reveals the 3 Rules of Investing, how to apply the 5 Principles of Personal Finance, and teaches on the Velocity of Money Strategy. He shares tips on where to begin your journey into becoming more financially educated and business savvy, moving you further along the path to financial freedom! Referenced Links: Link to get Atmosphere TV: https://atmosphere.tv/partner/dave-menz and use code “MILLIONAIRE” Contact Mike directly: Mike.Kelly@Atmosphere.tv   Our guest's website: https://practicalwealthadvisors.com Our guest's email: curtmay@gmail.com Our guest's podcast: https://practicalwealth.libsyn.com/ Our guest's Youtube: https://www.youtube.com/channel/UCYtdLCckUCeuc7inedJcX-A Intro to Private Family Banking video: https://www.youtube.com/watch?v=ux8N3jffM9I Life Insurance as a Tool for Liquidity video: https://www.youtube.com/watch?v=B2KTfbJpvgg Behavior Gap video: https://www.youtube.com/watch?v=OlRURNZcXf0 For consulting services: www.laundromatmillionaire.com Our Youtube channel: https://youtube.com/c/LaundromatMillionaire Our Podcast: https://laundromatmillionaire.com/podcast/ Our Facebook: https://www.facebook.com/laundromatmillionaire/ Our LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/ Our Instagram: https://www.instagram.com/laundromatmillionaire/ Our laundromats: www.queencitylaundry.com Our pick-up and delivery laundry services: www.happynest.com/locations/ohio/cincinnati Dan Sullivan with Strategic Coach: https://www.strategiccoach.com/ First Ipod Commercial: https://www.youtube.com/watch?v=mE_bDNaYAr8 Kevin O'Leary clip: https://www.youtube.com/watch?v=PWspMJNgT6w Star Wars clip: https://www.youtube.com/watch?v=enKhkTmB0OQ Recommended Reading: ·      Killing Sacred Cows by Garrett B. Gunderson ·      The Richest Man in Babylon by George S. Clason ·      Rich Dad, Poor Dad by Robert Kiyosaki ·      The Rich Dad's Guide to Investing by Robert Kiyosaki ·      Doesn't Hurt to Ask by Trey Gowdy ·      Becoming Your Own Banker by Nelson Nash ·      The Case for IBC by Nelson Nash Timestamps: 00:00:00 Laundromat Millionaire Show Intro - E20 Quotes 00:02:26 Curtis' Backstory - Growing up in retail 00:08:27 Advice to his 20 year old self 00:09:58 A focus on personal development 00:11:11 Business as a game 00:12:43 Breakdown of the business 00:15:01 Avoiding "dead money" 00:15:54 Accumulation Theory vs The Velocity of Money Strategy 00:20:25 Insurance for improved liquidity and less risk 00:22:09 Three Rules of Investing 00:26:24 Five Principles of Personal Finance 00:27:35 #1 - Save 00:29:23 #2 - Maximum Protection 00:32:52 #3 - Asset Replacement 00:34:55 #4 - Liquidity 00:36:30 Good Debt vs Bad Debt 00:42:25 #5 - Velocity of Money 00:43:23 Does risk tolerance affect advice? 00:44:35 Advice vs Education 00:47:21 Objectives of the Financial Industry 00:48:43 Financial Education vs Indoctrination 00:50:45 Insurance for liquidity? 3 Types of Insurance 00:55:17 Where to start in your financial education 00:56:53 New Book Coming Soon 00:58:22 Threads of Success 00:59:30 The Behavior Gap 01:00:49 Contact Info for Curtis May 01:04:10 Closing Remarks Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode, Garrett Gunderson joins Dino to talk about Soul Purpose Creation. They talk about bringing your passion and who you are at your core to what you do. They discuss the importance of having a vision and how you can create it.  Co-creation Eliminate escapism  Delegation Collaboration    REFERENCE:  Killing Sacred Cows: Overcoming the Financial Myths That Are Destroying Your Prosperity by Garrett Gunderson What Would the Rockefellers Do?: How the Wealthy Get and Stay That Way ... And How You Can Too by Garrett Gunderson and Michael Isom    For more information and any queries, you can contact him at:  Website: https://wealthfactory.com/   Garrett B. Gunderson is the author of the New York Times bestseller Killing Sacred Cows: Overcoming the Financial Myths That Are Destroying Your Prosperity. He is the Chief Wealth Architect of Wealth Factory and conference speaker.    DINO'S BIO:  Dino Watt is a dynamic, highly sought after keynote speaker, private practice business advisor, best selling author, and certified body language and communication expert. As a business relationship expert, Dino understands that people are the heart of any business. His interactive training style will bring your audience to roaring laughter and move them to tears. Whether he is training on C.O.R.E Culture, Sales and Sales Support, or Making love and business work, your audience will rave about Dino and the energy he brings to every event. Dino has spoken for MKS, American Association of Orthodontists, PCSO, Pitts Progressive Study Group, The Shulman Study Club, Keller Williams, Sotheby's, DentalTown, Ortho2, OrthoVoice, and many others. Out of all the accolades Dino has received, the one he is proudest of is title of PHD, Passionate Husband and Dad. Dino has been married to his wife Shannon for 24 years and together they have raised 3 amazing adults.

Such a great book on getting people to rethink the way they look at their life in regards to money! this one has a ton to unpack so take it is segments! There was just no way to shorten it and still do this book the justice it deserves.

Garrett B. Gunderson is both Chief Wealth Architect of Wealth Factory and a talented Comedian! In this episode, Garrett will shed light on mistakes people make financially when it comes to well-being and how that impacts health. Hear how Garrett teaches healthy wealth management through his unique, brilliant, novel, and funny approach. His comedy will open you up to understanding finances in a whole new way.

What legacy do you want to leave behind?  How can you ensure that legacy continues on without needing to be ultra wealthy?  Join us for today's episode as we dive into creating a plan for your legacy.   To connect with our online community and sign up for our FREE 7-day quick start bootcamp, join us at https://ChampionHustle.com   BOOK RECOMMENDATIONS: What Would the Rockefellers Do? by Garrett B. Gunderson The Tax and Legal Playbook by Mark J Kohler   RELATED: https://www.youtube.com/watch?v=ko3dOnEuaYs https://www.youtube.com/watch?v=ZypseCp8YAc https://www.youtube.com/watch?v=5kcgo6ZFMNU   HOW TO CONNECT https://www.ChampionHustle.com https://www.ChampionHustle.com/facebook https://www.ChampionHustle.com/instagram https://www.ChampionHustle.com/LinkedIn https://www.ChampionHustle.com/youtube   CURRENT PLATFORMS: We are currently available for listening on: Apple Podcasts - https://www.ChampionHustle.com/apple Spotify - https://www.ChampionHustle.com/spotify Google Podcasts - https://www.ChampionHustle.com/google Amazon - https://www.ChampionHustle.com/amazon Audible - https://www.ChampionHustle.com/audible Stitcher - https://www.ChampionHustle.com/stitcher SoundCloud - https://www.ChampionHustle.com/SoundCloud TuneIn - https://www.ChampionHustle.com/TuneIn iHeartRadio - https://www.ChampionHustle.com/iHeartRadio Pandora - https://www.ChampionHustle.com/pandora Podcast Addict - https://www.ChampionHustle.com/podcastaddict Player.FM - https://www.ChampionHustle.com/playerfm Listen Notes - https://www.ChampionHustle.com/listennotes Deezer - https://www.ChampionHustle.com/deezer   #ownnothing #controleverything #legacy #estateplanning #savetaxes #inheritance #taxfree #business #entrepreneur #entrepreneurship #momtrepreneur #champion #championhustle #startup #smallbusiness #businessowner #selfemployed #businessman #businesswoman #businesstips #businessgrowth #sahm #workfromhome #investinrealestate #realestate #invest #youcandothistoo #getoffthefence #mindset #lifestyle #design #goals #wealth #success #sidehustle #hustle #writeoffs #create #passion

What Would The Rockefellers Do? In today's BetterWealth episode, I bring back an interview I did with Garrett Gunderson episode #54. Listen as we revisit this very impactful episode as he shares his story and how he began at a young age to develop his philosophy of money and finances. Listen as I ask Garrett to talk about Rate of Return versus Return on Result. Listen as we talk about creating value, the stock market, speculative investing, private market, risk, loss and multiple streams of revenue. Listen as Garrett also talks about compound interest, the broken retirement system, the unchecked and unstable 401K plan. We also talk about his book “What Would The Rockefellers Do?” and the importance of overfunded whole life insurance.  #BETTERWEALTH For more information on BetterWealth or the content you hear on the Podcast visit us at http://www.betterwealth.com/podcast (www.betterwealth.com/podcast). Episode Links & Resources:  “What Would The Rockefellers Do? How the Wealthy Get And Stay That Way...And How You Can Too” by Garrett Gunderson and Michael Isom   https://amzn.to/3tXanHO (https://amzn.to/3tXanHO)  Guest Bio:  Garrett B. Gunderson is the author of the New York Times bestseller Killing Sacred Cows: Overcoming the Financial Myths that are Destroying Your Prosperity. He is the Chief Wealth Architect of Wealth Factory and conference speaker. Wealth Factory helps entrepreneurs and business owners keep more of their money and increase monthly cash flow without having to work harder, take on more risk, or hire a single new employee.

Greg Marshall is a marketing expert. He has helped multiple companies scale beyond their wildest dreams using the power of Facebook ads, search optimization, video ads & marketing. This interview highlights the man, who he is, what he values, where he came from and how he became who he is today. Expect to be uplifted, he is remarkable! YouTube channel is Fiture: https://www.youtube.com/c/Fiture/featured  greg@gregmarshall.co https://www.gregmarshall.co/  Instagram: @motivationgm @gregmarshallfam Referenced Books: Killing Sacred Cows by Garrett B. Gunderson https://www.amazon.com/Killing-Sacred-Cows-Overcoming-Destroying/dp/1929774516 The Four Hour Work Week by Tim Ferris https://www.amazon.com/4-Hour-Workweek-Escape-Live-Anywhere/dp/0307465357/?tag=offsitoftimfe-20 *Greg lives near the air-force base, thank you for your patience with the audio.

In episode 8 I am speaking with Aaron David about his business Fist Pump Finance, personal finance strategies for financial independence and real estate investing. Notes from the show:Contact Aaron-- Aaron David | LinktreeAaron on youtube-- (1) How to buy a house with NO INCOME in 2021 - Real Estate Investing - YouTubeAarons recommendations:BooksThe Richest Man in Babylon by George Samuel ClasonKilling Sacred Cows by Garrett B. Gunderson, Stephen PalmerProfit First by MichalowiczRich Dad Poor Dad by Robert KiyosakiBecoming Your Own Banker by R. Nelson NashPodcastGet Rich Education with Keith WeinholdMusicFanta Damba

Stephanie Walter is the CEO of https://erbewealth.com/ (Erbe Wealth) and a legacy cash flow specialist, capital raiser, syndicator, and real estate investor. She has been a financial educator for 15 years and a real estate syndicator for the last 10 years. Stephanie's passion is teaching people to “unlearn” what most of us have been wired to think about money and re-educating people on attaining wealth that can be passed onto the next generation. Stephanie lives with her husband and young son in Colorado.  KEY POINTS Real estate lessons from the insurance world How you can best use insurance in your investing approach.  Unlearning what you know about money Legacy Banking Concept  Investing strategies to build generational wealth Preferred investment vehicles (401k, IRA, etc.)   LIGHTNING QUESTIONS 1. What was your biggest hurdle getting started in real estate investing, and how did you overcome it?   Knowledge. Stephanie didn't know what she was doing and invested in herself by hiring a mentor and get an education. 2. Do you have a personal habit that contributes to your success? Working hard and sticking with something until she gets it done. 3. Do you have an online resource that you find valuable? https://www.costar.com/ (CoStar) https://www.crexi.com/properties (C)https://www.crexi.com/properties (rexi) 4. What book would you recommend to the listeners and why? https://www.amazon.com/Killing-Sacred-Cows-Overcoming-Destroying/dp/1929774516 (Killing Sacred Cows) by Garrett B. Gunderson and Stephen Palmer https://www.amazon.com/What-Would-Rockefellers-Do-Wealthy/dp/069263536X ( What Would the Rockefellers Do?) by Garrett B. Gunderson, and Michael G. Isom 5. If you were to give advice to your 20-year-old self to get started in real estate investing, what would it be? Learn about syndication and get out of the mentality of buying and holding your real estate property for a long time.   RESOURCES Visithttp://m/gp/product/B00NB86OYE/ref=as_li_tl?ie=UTF8&tag=jacob0ee-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=B00NB86OYE&linkId=100a9d2905599266aa7088bba0a33d55 ( Audible) for a free trial and free audiobook download! https://erbewealth.com/ (ErbeWealth) https://facebook.com/erbewealth (Facebook) https://www.linkedin.com/company/erbe-wealth/ (LinkedIn)

In this episode of The Happy Hustle podcast, I'm privileged to chat with one of the world's premier authorities on natural nutrition and training as well as a rockstar entrepreneur, Mr. Wade Lightheart.   Wade is 3-time Canadian National All-Natural Bodybuilding Champion who competed as a vegetarian, former Mr. Universe Competitor, author, President of BiOptimizers, and host of The Awesome Health podcast.    Having majored in Sports Science at the University of New Brunswick, he has authored numerous books on health, nutrition and exercise which have sold in over 80 countries.    Wade is sought out by athletes and high-performance oriented individuals worldwide for his advice on how to optimize their health and fitness levels.   IN THIS EPISODE, WE COVER:  [00:19:17:09] Three Key Components Every Business Should Have [00:27:26:08] Tips to Improve Your Work-Life Balance [00:34:53:02] The Power of Magnesium [00:43:05:27] Health Hacks by Wade   Bioptimizers products are definitely worth a try! So, if you want to get 10% discount on their complete full spectrum magnesium supplement, go to https://bioptimizers.com/happy  They have a 100% money-back guarantee for the first 365 days of your purchase if you aren't satisfied with the products so you have nothing to lose and everything to gain!   What does happy Hustlin' mean to you?  Wade says, “it means joyfully dispensing your duties without personal motive or attachment for the good of humanity. So, it's all about the mission not about the margin and the margin takes care of itself if the mission is right.   Connect with Wade! Follow Wade and BiOptimizers on: Facebook: https://www.facebook.com/BiOptimizers/           https://www.facebook.com/wade.lightheart Instagram: https://www.instagram.com/bioptimizers/        Youtube:    https://www.youtube.com/bioptimizers Find Wade on BiOptimizers website:  https://bioptimizers.com/about-us/ Tune into Awesome Health Podcast: https://bioptimizers.com/awesome-health-podcast/   Powerful Resources from Wade:   Books Traction by Gino Wickman : Killing Sacred Cows by Garrett B. Gunderson : https://wealthfactory.com/killing-sacred-cows/book/ Education of a Bodybuilder by Arnold Schwarzenegger: https://www.amazon.com/Arnold-Education-Bodybuilder-Schwarzenegger/dp/0671797484   Podcast The Five Health Tests You Need with Dr. Paul Maximus: https://bioptimizers.com/paul-maximus-025/ Importance of cellular detoxification and longevity with Dr. Ted Achacoso - https://bioptimizers.com/ted-achacoso-095-i/   Connect with Cary! Check out his website- www.caryjack.com APPLY to JOIN the Happy Hustle Mastermind- https://calendly.com/happyhustlemastermind Purchase The Journey: 10 Days To Become a Happy Hustler Online Course- www.thehappyhustle.com   About the Happy Hustle Podcast The Happy Hustle Podcast aims to educate, inspire, and entertain you, while reminding you to enjoy the journey, not just the destination, as you Happy Hustle for a life of passion and purpose. From successful entrepreneurs to spiritual masters, it brings on an array of powerful guests to help you transform your dreams into a reality.

Chris Miles who is otherwise known as the “Cash Flow Expert” is an anti-financial advisor. He is a leading authority on how to quickly create cash flow and lasting wealth for thousands of his clients, entrepreneurs, and others internationally. Eighteen years ago, Chris started out as a mainstream financial advisor but after four years, he realized that the financial advising industry was not showing anyone how to quickly and safely become financially prosperous today. So in 2006, he left the industry and vowed to never teach people about money again.Today, Chris consistently practices and teaches small business owners how to achieve financial prosperity, now and in the future, while spending time doing what they love most.Listen in as they discuss:How Chris helps families and entrepreneurs.Tracking your moneyThe cash flow indexStewardshipAnd, more!If you were an uncontrollable spender I would say pay off all your debt and then put that money as far away from you as possible because you don't know how to manage and control it, you're not a wise steward. But a wise steward you can never give them enough money right, you can never bless them with enough money and enough resources because they'll know what to do with it.  ~ Chris MilesTIP OF THE WEEKMark: My tip of the week is start where you can improve your money, your wealth and learn more at moneyripples.com –check out the radio show, podcast. Just start there and learn how to become a good steward of your money.Scott: Check out this website called data-pad.app, it allows you to store in numbers –you can use it as calculators and calculate things but then, you can save the result and type in like conversions. You'll look like the genius that you are. Chris: Check out the podcast, Chris Miles Money Show, we give so much there and there are a lot of free resources. Also, get a good book to start to change your mindset and if you want to go to a different level look for a book called Killing Sacred Cows by Garrett B. Gunderson.Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

This week we are wrapping up season 1 of Power Adulting by talking about the vitally important topic of money with an Air Force officer and pilot turned millennial entrepreneur, landlord and investment advisor! He spent 4 years in the Air Force Academy and fulfilled his commitment to fight for our country as a pilot before jumping into the business world to pursue his dream of achieving financial freedom by age 40. His background in economics gave him a head start on how to make financial resources work for you, instead having to trade all our time for money in a regular paycheck-to-paycheck job. During our chat we discuss:Living life on your termsA lite look inside econ theoryBasic financial success guidelinesHouse hacking to earn passive income+ Low-cost, high-return investing strategiesOur guest spent the last decade refining his understanding of the investment world with his own money, and now he’s helping to grow other people’s money as well! Please welcome, our guest David Beranek! We’ll jump right into the show after our intro, and don’t forget to subscribe! Just a heads up, we recorded this audio while David was abroad, so the weaker wifi connection causes a few audio issues, but the content is outstanding. We hope you learn a lot and thanks for supporting us!Resources:DBIventures.com "We Grow Money"linkedin.com/dhberanekOldest dividend paying stock company is Abbott LabsFREE Financial Resources:InvestopediaYahoo FinanceRobin Hood TradingSeeking Alpha Trading Active Duty Passive Income PodcastBigger Pockets PodcastMarketplace Business News Podcast with Kia Ryssdal Books:Rich Dad, Poor Dad by Robert Kiyosaki Can’t Hurt Me by David GogginsKilling Sacred cows by Garrett B. Gunderson & Stephen PalmerThe Richest Man in Babylon George ClasonLearn Strong ~ Live WellEl & Dave

Garrett Gunderson tackles a topic (business growth, success, and prosperity) that is critically important, yet normally neglected by most business owners (mostly due to the painfully boring presenters in this field). As the Founder of an Inc. 500 firm and author of multiple WSJ bestselling books and hit the NY Times with Killing Sacred Cows. A regular on ABC’s Good Money, he has also been interviewed by Neil Cavuto on Fox, was kicked off CNBC, has been featured in over a thousand radio interviews, been a guest on hundreds of podcasts and is also a paid contributor for Forbes. He has spoken at MIT, multiple times. If you want to transform your thoughts into profits, keep way more of what you make, keep and grow your money without sacrifice or delay... Garrett is your guy. CONNECT WITH GARRETT: billionairesmethod.com KEY TAKEAWAYS: The Rockefeller's Attorney's reached out The Family Retreat Structure Not Worried About Net Worth, Focus on Economics From Blue Collar beginnings to being labeled as the "Financial Genius" The Amusement Park for his Kids The Cash Flow Index Tuition based CPA Liberate One Million Entrepreneurs Episode Affiliate: https://w2capitalist.com/affiliates/ Links mentioned in this episode: w2capitalist.com/shop/ https://www.facebook.com/groups/REIforTheW2/

Chris is a nationally recognized entrepreneur with high-level experience as a financial advisor managing over 30 million dollars in assets. Using his expert knowledge in finance he has successfully bought, renovated and sold hundreds of properties, which have been featured on HGTV. Chris is a real estate investor who founded Flipout Academy and The Money School to help motivate and show others how money really works and how to obtain their goals through real estate investing. Chris and his team teach people how to raise money for all the deals they will ever do and so much more! What you'll learn about in this episode: How Chris learned to hustle for money as a kid, how he started his own lifestyle business as a teen, and how he found himself moving to become a financial advisor How borrowing money for real estate deals in his own name brought Chris's investments to a screeching halt and forced him to sell all his properties How Chris started and then lost a show on HGTV, and how this setback forced him to refocus and found Flip Out Academy How Chris learned to stop blaming others for his setbacks, and how reframing his mindset and accepting responsibility opened incredible new doors for him Chris shares a story from his time as a pro snowboarder about overcoming his own fear and making a dangerous jump Why finding a great mentor or coach is the number one suggestion Chris has to offer for new investors just breaking into real estate How Chris and his team have shifted their focus from doing flips to building relationships and gaining access to private money How the Money School “Inner Circle” mastermind teaches students to have money come to them rather than asking for money Why a lack of money isn't the roadblock you might think it is, and how private money is out there for you if you learn to solve people's problems What advice Chris would offer to brand new real estate investors to help avoid mistakes and get started in the right way Resources: Real Estate Money School Podcast: https://chrisnaugle.com/podcasts/ Website: https://flipoutacademy.com/ Website: https://chrisnaugle.com/ LinkedIn: www.linkedin.com/in/chris-naugle-8b408a25/ Instagram: www.instagram.com/chris_naugle/ Facebook: www.facebook.com/ChrisMNaugle Chris Naugle's Recommended Reading List: Imagine Heaven by John Burke: https://amzn.to/2y4Fj0U Killing Sacred Cows by Garrett B. Gunderson: https://amzn.to/2X2bXbQ Rich Dad Poor Dad by Robert T. Kiyosaki: https://amzn.to/364FWEw Additional resources: Website: www.SmartRealEstateCoachPodcast.com/webinar Website: www.SmartRealEstateCoachPodcast.com/termsbook Website: www.SmartRealEstateCoachPodcast.com/ebook Website: www.SmartRealEstateCoach.com/QLS/ Smart Real Estate Coach Podcast Sponsor: Paul G. Dion CPA, CTC

 Garrett B. Gunderson is the author of the New York Times bestseller Killing Sacred Cows: Overcoming the Financial Myths That Are Destroying Your Prosperity. He is the Chief Wealth Architect of Wealth Factory and conference speaker     ➡️➡️ Special offer!

Join me as I interview wealth and finance expert Garrett Gunderson! Garrett B. Gunderson started his first business at 15, and was helping clients reach financial solvency before the age of 21. Now, he is the founder of The Wealth Factory, which helps self-made business owners and entrepreneurs who understand hard work — but who haven't been given the proper financial tools to build lasting wealth. If you want to transform your thoughts into profits, keep way more of what you make, grow your money without sacrifice or delay… Garrett is your guy. In this action-packed episode, Garret shared his success secrets that are helping his clients thrive during COVID-19. We covered everything from cash quickstarts you can use right now to long-term growth opportunities to team management (including how to know when an employee is losing your company money). PINNACLE GLOBAL NETWORK If you're a CEO or Founder and you're ready to build a scalable company that can thrive without you, join Allison for a FREE masterclass to learn the 5 Critical Phases You MUST Know in order to scale to 8-Figures and beyond. Head over to https://www.scalemasterclass.com/podcast to secure your seat today.

Join me as I interview wealth and finance expert Garrett Gunderson! Garrett B. Gunderson started his first business at 15, and was helping clients reach financial solvency before the age of 21. Now, he is the founder of The Wealth Factory, which helps self-made business owners and entrepreneurs who understand hard work — but who haven't been given the proper financial tools to build lasting wealth. If you want to transform your thoughts into profits, keep way more of what you make, grow your money without sacrifice or delay… Garrett is your guy. In this action-packed episode, Garret shared his success secrets that are helping his clients thrive during COVID-19. We covered everything from cash quickstarts you can use right now to long-term growth opportunities to team management (including how to know when an employee is losing your company money).

Join me as I interview wealth and finance expert Garrett Gunderson! Garrett B. Gunderson started his first business at 15, and was helping clients reach financial solvency before the age of 21. Now, he is the founder of The Wealth Factory, which helps self-made business owners and entrepreneurs who understand hard work — but who haven't been given the proper financial tools to build lasting wealth. If you want to transform your thoughts into profits, keep way more of what you make, grow your money without sacrifice or delay… Garrett is your guy. In this action-packed episode, Garret shared his success secrets that are helping his clients thrive during COVID-19. We covered everything from cash quickstarts you can use right now to long-term growth opportunities to team management (including how to know when an employee is losing your company money).

Bruce Petersen is an entrepreneur, a serial syndicator, TV personality, public speaker, and a mentor on how to invest in apartment complexes. He started with a 48-unit building and has now syndicated over 1,100 units and became known in the real estate world as the “Apt-Guy”. Bruce is also the founder and CEO of Bluebonnet Asset Manager LLC and Bluebonnet Commercial Management. He has received local and national recognition for his syndication efforts. He was the recipient of the Austin Apartment Association's Independent Rental Owner of the Year for 2016 and the National Apartment Association's Independent Rental Owner of the Year for 2017.  KEY POINTS Transitioning from retail with no experience in real estate to real estate syndication How to syndicate your first apartment deal The lessons from misplacing $5.2 million of investor capital in a wire transfer gone wrong Advice for entrepreneurs who are currently in real estate investing When to fire an investor and prospective investor How to get funded and build trust with investors The exercise to destroy negativity Common pitfalls in real estate syndication How to become a successful real estate syndicator  LIGHTNING QUESTIONS 1.   What was your biggest hurdle getting started in real estate investing, and how did you overcome it? The knowledge because I didn't know anything about it. I was starting from scratch, but I listened to other people's advice. 2.   Do you have a personal habit that contributes to your success? Journaling a little bit, doing Miracle Morning stuff, and keeping a positive mindset. 3.   Do you have an online resource that you find valuable? https://www.biggerpockets.com/ (Bigger Pockets)  4.   What book would you recommend to the listeners and why? https://www.amazon.com/Killing-Sacred-Cows-Overcoming-Destroying/dp/1929774516 (Killing Sacred Cows) book by Garrett B. Gunderson 5.   If you were to give advice to your 20-year-old self to get started in real estate investing, what would it be? Just take action. Don't be afraid to take action, go as big as you can safely!  RESOURCES Visithttp://m/gp/product/B00NB86OYE/ref=as_li_tl?ie=UTF8&tag=jacob0ee-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=B00NB86OYE&linkId=100a9d2905599266aa7088bba0a33d55 ( )http://m/gp/product/B00NB86OYE/ref=as_li_tl?ie=UTF8&tag=jacob0ee-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=B00NB86OYE&linkId=100a9d2905599266aa7088bba0a33d55 (Audible) for a free trial and free audiobook download! https://apt-guy.com/ ( Bruce's )https://apt-guy.com/ (Website) https://www.facebook.com/Apt-Guy-405642676535819/ (Facebook) https://www.instagram.com/apt.guy/ (Instagram) Syndication is a B*tch book by Bruce Petersen (release in May 2020) https://www.amazon.com/Unlimited-Power-Science-Personal-Achievement-ebook/dp/B001BS6VYY (Unlimited Power) book by Tony Robbins https://www.amazon.com/Wealthy-Gardener-Lessons-Prosperity-Between/dp/1732770522 (The Wealthy Gardener) book by John S. Soforic

Garrett B. Gunderson has dedicated his career to debunking the many widely accepted myths and fabrications that undermine the prosperity and joy of millions of hard-working, honest business owners. Gunderson’s company, Wealth Factory, empowers its members to build sustainable wealth through financial efficiency and organization leading to clarity, peace of mind and financial confidence. You may recognize him from his appearances as a guest contributor on CNBC, Fox News, ABC, and many others.For more on Garrett, check out www.wealthfactory.com/megakit and be sure to head over to www.wealthcapholdings.com to get a free book from us. See acast.com/privacy for privacy and opt-out information.

What does your soul purpose have to do with extracting and creating wealth, prosperity and financial abundance? Well, in just one word: everything. Your ability to live in purpose and abundance from the inside out will impact every part of your sales, marketing and business, which is where our latest guest comes in —Garrett B. Gunderson. Garrett is Founder and Chief Wealth Architect of Wealth Factory, a lifelong entrepreneur, keynote speaker and a New York Times best-selling author of Killing Sacred Cows: Overcoming the Financial Myths That Are Destroying Your Prosperity. He has dedicated his life to educate and serve hard-working, honest business owners. During this deep, intense and passionate conversation with Garrett Gunderson, you’re going to discover: Why perfectionism is a false premise The power of hobbies outside of business Why your imperfections create a deep connection The power of being yourself and expressing truth Why the worst-case scenario isn't as bad as you think Garrett's mission of getting 1 million people financially free How to use entertainment to connect with more people Defining soul purpose and how to own it 100% Why you must produce more than you consume The 3 E's: exercise, education, and enlightenment How to tap into your soul purpose every single day Why hustle and busyness is leading to scarcity Integrating unconventional modalities for growth "What really creates magic is when you get people together to live a vision bigger than themselves." - Garrett B. Gunderson "We have to break free from society to create something new." Garrett B. Gunderson "Soul purpose is getting clear on who we are and the fullest expression of it." - Garrett B. Gunderson Ep. 152 | Garrett B. Gunderson Links Wealth Factory Online 5 Day Weekend Book Ep. 152 | Become The Reviewer Of The Week Did you love this conversation and receive value from it? Become the Academy podcast reviewer of the week by following the simple steps that take 90 seconds or less: Search "Resist Average Academy" on iTunes. Tap on Write a Review. Leave your feedback on why you listen to the show and why others may want to as well. INTRODUCING THE ARENA BY RESIST AVERAGE! You've listened to the show. You have a lot of knowledge, but are you ready for results? The Arena is a hybrid coaching, training, and mastermind experience where you get coached every two weeks for 2+ hours plus daily interactions and all the tools of my high ticket experiences for one affordable monthly tuition. Email us at tommy@resistaverageacademy.com now to learn more about entering The Arena experience.

I had to bring Garrett Gunderson, author of (https://www.killingsacredcows.com/home) , onto the show because his mission so closely aligns with mine: helping to manufacture economic independence for 1 million entrepreneurs by 2020. That’s why he created the Wealth Factory, a comprehensive personal financial education and implementation program for entrepreneurs, health care professionals, and small business owners. You Will Hear About: [1:00] We’re entering one of the biggest periods of wealth transfer ever [3:00] The creation of an intergenerational scarcity mindset [6:00] How Garrett broke through the scarcity mindset to create an abundance mindset [9:00] The value of inner child work & why more men need to be doing it [15:00] ONE question that everyone should be asking themself [22:45] Killing Sacred Cows & the permission to succeed [27:30] Making your money work for you — saving vs. investing [37:50] The Value Equation [47:40] What you need to know before you’re ready to invest Resources: Learn more at wealthfactory.com (https://wealthfactory.com/) (https://www.killingsacredcows.com/home) by Garrett B. Gunderson and Stephen Palmer Watch: “Do You Have a POOR, Middle-Class, or RICH Mindset? ft. Robert Kiyosaki (Rich Dad / Poor Dad)” (https://www.youtube.com/watch?v=rEeJWQQQzLI) LinkedIn: linkedin.com/in/garrett-gunderson-651359b3/ (https://www.linkedin.com/in/garrett-gunderson-651359b3/) Facebook: facebook.com/garrett.gunderson (https://www.facebook.com/garrett.gunderson) Twitter: twitter.com/gbgunderson?lang=es (https://twitter.com/gbgunderson?lang=es) Are you enjoying the show? I want to know! Click here to leave a review on Apple Podcasts (http://getpodcast.reviews/id/1370982175) . Mommy Millionaire is a production of (http://crate.media)

Garrett B. Gunderson is the author of the New York Times bestseller Killing Sacred Cows: Overcoming the Financial Myths that are Destroying Your Prosperity. He is the Chief Wealth Architect of Wealth Factory and conference speaker. Wealth Factory helps entrepreneurs and business owners keep more of their money and increase monthly cash flow without having to work harder, take on more risk, or hire a single new employee. Stay tuned and enjoy this podcast with Garrett!   Links and Resources from this Episode For additional information of this episode go to http://betterwealthsolutions.com/podcast or check out Caleb at https://www.betterwealthsolutions.com/   Connect with Garrett B. Gunderson https://wealthfactory.com/ https://www.facebook.com/wealthfactory https://twitter.com/wealthfactory_ https://twitter.com/GBGunderson https://www.linkedin.com/company/wealth-factory/ Garrett’s Youtube channel: https://www.youtube.com/channel/UCs--ejlVMYcMZF4tUC8yNRQ Garrett’s bestseller: https://www.amazon.com/Killing-Sacred-Cows-Overcoming-Destroying/dp/1929774516 https://www.amazon.com/What-Would-Rockefellers-Do-Wealthy/dp/069263536X   Get Your Free Copy of The AND Asset https://www.andasset.com/book   Show Notes Caleb recommends to follow Garrett's Youtube channel - 1:17 Garrett's background - 3:23 Wanting to make more money - 4:44 An overview of Wealth Factory’s philosophy - 5:00 The idea of spending money on yourself - 6:05 A breakthrough for Garrett - 8:00 The idea of Return On Results - 9:17 We have to understand opportunity cost - 11:44 Why the stock market was invented - 14:10 Remaining competitive - 16:24 Garrett does not like how the stock market works today - 17:15 Increasing his financial intellect - 18:27 How compound interest makes banks rich - 20:10 Garrett's book about the Rockefeller story - 22:07 Dave Ramsey's advice about the stock market - 2:22 Nelson Nash's Infinite Banking Concept - 27:05 Garrett's answer for the Legacy Question - 28:33   Review, Subscribe and Share If you like what you hear please leave a review by clicking here   Make sure you’re subscribed to the podcast so you get the latest episodes. Subscribe with Apple Podcasts Follow on Spotify Subscribe with Stitcher

Welcome to another episode of The Dose. In this episode, I’m joined by Dr. Jeremy Ciano, an optometrist located in Carmel, IN (where my office is located). What’s unique about Jeremy is that he has one of the best business minds and ways of thinking about an optometry business that I’ve ever met, and we leave no stone unturned during this episode. We talk about his journey in optometry and the state of his practice, how he started building his patient base, why he closes his office down for an entire day once per month, and the two criteria he uses for empowering his team to make decisions. We also discuss: How he started from day one of wanting to be “the 1%” of practices that delivered a world class patient experience Why he starts off by thanking patients when they bring in a problem or complaint Pieces of technology he’s using to deliver a great patient experience, including the importance of investing in a great practice website. Time management and the stepping stones that Jeremy’s taken in life to get to where he is now: running a $2.4MM practice w/ one FTE OD schedule, while he works about 2.5 pt facing days per week. And be sure to stick around to the end, where we talk about where Jeremy is speaking and how you might be able to learn more from him in the future, including a “tease” on the next topic we’ll discuss in a future episode. We also reference no less than 7 books that have been very influential on both of us in our businesses. Never Eat Alone – Keith Ferrazzi Killing Sacred Cows – Garrett B. Gunderson The Everything Store – Jeff Bezos Good to Great – James C. Collins Failure is Not an Option – Gene Kranz The One Thing – Gary Keller Small Giants – Bo Burlingham 4 Hour Work Week – Tim Ferriss Technology: National Recalls http://www.nationalrecalls.com/index.html Solution Reach (https://www.solutionreach.com/) Please rate and subscribe to The Dose on these platforms Apple Podcasts Spotify Google Play Stitcher  ————————————————————————————————— For past episodes of The Dose with full companion show notes, please check out our episode archive here!

In Episode 42 I talk with co-author of the book "5 Day Weekend" Garrett B. Gunderson and we talk about money, business growth, and spending marketing dollars. As the Founder of an Inc. 500 firm and author of the NY Times bestselling book, KillingSacred Cows, Garrett has dedicated his career to showing people how to immediatelyincrease cash flow, build a life they love and create a legacy that lasts. And we talked about it. www.wealthfactory.comhttps://www.linkedin.com/in/garrett-gunderson-651359b3 www.wealthfactory.com/podcast (for info we talked about)

In Episode 42 I talk with co-author of the book "5 Day Weekend" Garrett B. Gunderson and we talk about money, business growth, and spending marketing dollars. As the Founder of an Inc. 500 firm and author of the NY Times bestselling book, KillingSacred Cows, Garrett has dedicated his career to showing people how to immediatelyincrease cash flow, build a life they love and create a legacy that lasts. And we talked about it. www.wealthfactory.comhttps://www.linkedin.com/in/garrett-gunderson-651359b3 www.wealthfactory.com/podcast (for info we talked about)

Based on the book "Killing Sacred Cows: Overcoming the Financial Myths that are Destroying" by Garrett B. Gunderson and Stephen Palmer, Curtis explains how people should be aware of what's going on around the rise of interest rates to be prepared for how this may affect your finances.   He also talks about how to preserve your capital and shares with us a classical definition of inflation.   Curtis's motto is that what you learn today and how you position yourself will determine your future financial well-being 5, 10, 20 years from today. To learn more about how to manage your wealth in a practical way, visit www.practicalwealthadvisors.com   Links and Resources from this Episode www.practicalwealthadvisors.com Email Curtis for a free report - curtmay@gmail.com Call his office - 610-622-3121 Special Listener Gift Schedule a 15-Minute Call with Curtis Free Ebook Financial Planning Has Failed   Show Notes Why you have to think about economics - 1:24 He talks about the Federal Reserve - 4:00 Why the Federal Reserve wants to raise rates - 7:50 Understanding inflation - 9:50 What happens if your credit is bad? - 15:10 He tells us four things that we should do for outcoming opportunities - 16:15 Get prepared to borrow before you need it - 24:15 He talks about a credit plan - 25:30 How to build your credit - 26:21 Review, Subscribe and Share If you like what you hear please leave a review by clicking here   Make sure you're subscribed to the podcast so you get the latest episodes. Click here to subscribe with Apple Podcasts Click here to subscribe with Spotify Click here to subscribe with Stitcher Click here to subscribe with RSS

Garrett B. Gunderson is the author of the New York Times bestseller Killing Sacred Cows: Overcoming the Financial Myths That Are Destroying Your Prosperity. He is the Chief Wealth Architect of Wealth Factory and a conference speaker. He shares best practices on how to manage assets for the future. Tune in to this episode to know more! Timestamped Shownotes: 03:18 The origin of the financial Jesus and his an alternative approach to finance. 07:33 A long line of coal miners, what legacy really is and Spoiled Trust Fund Babies. 11:51 The way I want to raise my kids. 12:43 Have conversations about money with your kids and the consequences of failing to have those conversations. 14:27 Writing the family constitution, the signposts for my kids to thrive. 15:24 People have inherited money, but they never inherited a work ethic or they never refined or an uncovered their own skill sets and talents. 18:42 How my wife and I are as a couple has a huge impact on our kids. So we have rules like we put each other first. The kids are second. It's just that they're going to eventually move out, God willing, and her and I will still be together and why not show them what it's like to have date night and to be away from them. 19:29 The family office -- attorneys, accountants, investment advisors, cashflow people, risk management and insurance professionals all working on the behalf of my family that are all communicating, coordinated and, and in unison. A huge part of keeping the money together for generations to come. 20:14 Getting our kids used to resource exchanges and submitting invoices. 24:00 My wife and I got in a fight once and the kids hadn't seen us fight but it served as a lesson in healthy relationships. 25:47 The rockefellers may not have invented the family office but they definitely utilize this concept --They've got an amazing financial team and that manage the trust and work with the family to teach the next generations. They're actually, buying life insurance on that person. That way if that person loses money from the trust because their business doesn't work out or they're draining it because they're just using it for their lifestyle or to supplement or whatever the incentives are when they die, it replenishes it. 26:46 Why businesses can succeed past the founder or can't. 28:19 Hiring a trust protector. 29:19 How to run a personal financial audit. 32:58 How do we know when it's time to get another or different wealth advisor if ever? 34:01 Getting a second opinion process. 35:22 Final Thoughts and Cryptocurrency. Key Points: Asset protection isn't just about paperwork, it's mostly about the people who will inherit it and their education. Setting up a family office at home where you meet with Lawyers, Accountants etc. to keep all your advisors in contact with each other. Setting up the expectation at home for your children to get used to having you and your spouse/partner go on retreats. Resources Mentioned: Entrepreneur's Organization – The EO Network Garrett's Website and Free Resources

This is an archived audio from Garrett White and Garrett B. Gunderson's radio show where Leslie Householder was a guest, long before Gunderson was a New York Times best-selling author, and long before he and Leslie co-authored the sequel to Jackrabbit Factor: Portal to Genius. Learn about commitment, and about getting your mind stretched. Learn more about the natural laws, and how the law of attraction is only one of them. In this raw and personal conversation, Leslie is also asked how she wants to be remembered. Additional resources mentioned on the audio: The Jackrabbit Factor free download http://www.jackrabbitfactor.com Hidden Treasures book http://www.hiddentreasuresbook.com Working With the 7 Laws of Success https://tinyurl.com/working-with-7-laws Leslie's presentation given the next day (video) tinyurl.com/stickman-video

In this episode, Doug Groves and I talk about insurance, specifically, what types of business insurance are out there, the importance of finding a rep that knows your industry, and what role does insurance play in the relationship between franchisor and franchisee. Time Stamp Doug Groves Intro                             00:00:40 Segment 1                                           00:02:41 Get to know Get to know Doug Segment 2                                           00:16:17 Topic Segment – Insurance 101 for Franchisors Segment 3                                           00:38:19 Quickdraw Questions   Topics discussed in this episode: Basic coverage that all business owners should have: Property (property, fixtures, furnishings, and equipment) General liability (slips and falls) Workers' Comp (employees injuries and lost wages) Auto (company owned vehicles) Employment Practices (HR related risks) Umbrella (covers over and above the above mentioned) Every insurance policy has a purpose. Umbrella policies are a cheap way to purchase vast amounts of insurance for a much lower price When you are deciding on limits for each type of insurance: Property: The property limits should be equal to the replacement cost of the property it is covering All other: The rule of thumb is that you make the value of the insurance policy to be more attractive to a would-be plaintiff than your personal assets. Best Practice: Select an insurance broker who has experience in providing insurance for companies in your same industry. They will know which questions to ask in order to recommend the right options for you. The question is answered, why does this line appear in all franchise agreements and franchise operating manuals: ““All liability insurance policies must name us (the franchisor) and any subsidiaries that we designate as additional insured.” We answer the question, why do franchisors require franchisees to carry certain levels of insurance. What is the EZCert program and how does it help franchisors manage all of the insurance certificates from all of their franchisees – for FREE.   Doug Groves Program Insurance Group doug@pigbcs.com 512-848-7210   Kit Vinson FranMan Inc. (Franchise Manuals) Kit.vinson@franman.net 214-736-3939 x1   Notable mentions in this episode: Book: Killing the Sacred Cow By Garrett B. Gunderson Our culture is riddled with destructive myths about money and prosperity that are severely limiting the power, creativity, and financial potential of individuals. In Killing Sacred Cows, Garrett B. Gunderson boldly exposes ingrained fallacies and misguided traditions in the world of personal finance. He presents a revolutionary perspective that can create unprecedented opportunity and wealth for thoughtful, mission-driven individuals.

Meet Garrett B. Gunderson,   Garrett tackles a topic (money and finance) that is critically important, yet normally neglected by most business owners (mostly due to the painfully boring presenters in this field and an antiquated philosophy of accumulation which is typically harmful advice for entrepreneurs).   As an entrepreneur, financial advocate, the Founder of Wealth Factory (WealthFactory.com) and author of the NY Times bestselling book Killing Sacred Cows, Garrett has dedicated his career to making personal finance for entrepreneurs simple, immediately actionable and even enjoyable.   He has appeared on the television shows ABC’s Good Money, Your World with Neil Cavuto on Fox, CNBC’s Squawk on the Street (although he was kicked off), First Business as well as hundreds of radio interviews, podcasts, and newspaper articles—and his firm was named to the Inc 500.   Garrett brings passion to debunking the many widely accepted myths and fabrications that undermine the prosperity and joy of millions of business owners.   His mission is to manufacture economic independence for 1 million entrepreneurs, show 100,000 businesses how to eliminate budgeting and capture wealth without cutting back, help 10,000 businesses buck the banking system and establish a way to earn interest rather than pay it—and deliver a comprehensive financial team for 2,000 up-and-coming businesses so they too can have access to a Rockefeller style, virtual family office (complete financial team).     If you want to keep more of what you make and boost your bottom-line without having to cut back, work harder or take any additional risk …..Garrett is your guy. Facebook.com/wealthfactory and Twitter.com/wealthfactory   Connect with us on: Facebook https://www.facebook.com/LifestyleLocker/ Instagram @DrjoshHandt Website : COMING SOON my Chiropractic Website is www.NewYorkChiropractic.com

Meet Garrett B. Gunderson,   Garrett tackles a topic (money and finance) that is critically important, yet normally neglected by most business owners (mostly due to the painfully boring presenters in this field and an antiquated philosophy of accumulation which is typically harmful advice for entrepreneurs).   As an entrepreneur, financial advocate, the Founder of Wealth Factory (WealthFactory.com) and author of the NY Times bestselling book Killing Sacred Cows, Garrett has dedicated his career to making personal finance for entrepreneurs simple, immediately actionable and even enjoyable.   He has appeared on the television shows ABC’s Good Money, Your World with Neil Cavuto on Fox, CNBC’s Squawk on the Street (although he was kicked off), First Business as well as hundreds of radio interviews, podcasts, and newspaper articles—and his firm was named to the Inc 500.   Garrett brings passion to debunking the many widely accepted myths and fabrications that undermine the prosperity and joy of millions of business owners.   His mission is to manufacture economic independence for 1 million entrepreneurs, show 100,000 businesses how to eliminate budgeting and capture wealth without cutting back, help 10,000 businesses buck the banking system and establish a way to earn interest rather than pay it—and deliver a comprehensive financial team for 2,000 up-and-coming businesses so they too can have access to a Rockefeller style, virtual family office (complete financial team).     If you want to keep more of what you make and boost your bottom-line without having to cut back, work harder or take any additional risk …..Garrett is your guy. Facebook.com/wealthfactory and Twitter.com/wealthfactory   Connect with us on: Facebook https://www.facebook.com/LifestyleLocker/ Instagram @DrjoshHandt Website : COMING SOON my Chiropractic Website is www.NewYorkChiropractic.com

Known as the "Larry King of Hangouts", Alex Mandossian is the CEO of Heritage House Publishing and co-founder of MarketingOnline.com, a community of entrepreneurs converting their passions into profits. In this special episode of the Rare Faith Podcast, Alex interviews Leslie Householder and her co-author Garrett B. Gunderson about their ground-breaking book, "Portal to Genius". You'll hear about: What specific incident inspired the book The reason a sequel to The Jackrabbit Factor was needed Struggles that couples face, especially when one is an entrepreneur What the original title was GOING to be (yikes!) What the promise of the book is What to do when relationships go sideways What Relationship Capital is, and why Leslie gives so much away for free (Did you know Leslie has earned over a million dollars giving her book away for free? To learn exactly how she did that, go to http://www.profitableauthor.com)

Garrett B. Gunderson is the founder of Freedom Fasttrack.  A passionate entrepreneur, he has dedicated his life to empowering others by the same economic principles that have blessed his life.  You can find out more about Garrett and his company at www.WealthFactory.com 

In this episode, Josh speaks with Garrett B. Gunderson, Founder and Chief Wealth Architect of Wealth Factory. Garrett and Josh discuss the process of freeing up cash flow and using truly independent advisors to guide your financial future.

Most of what conventional financial planners tell entrepreneurs about how to grow and protect their wealth is crap.  Okay, so that's not a very polite thing to say.  But it's painfully true. Otherwise savvy small business owners can be totally stupid when it comes to trusting their money and investment strategies to others. That is a sermon that Garrett B. Gunderson - who became a multi-millionaire before age 27 - has been preaching from coast-to-coast business pulpits for years and is a core concept in his New York Times groundbreaking bestseller, Killing Sacred Cows. Garrett, an educator and financial advocate, is the force behind The Freedom FastTrack, a go-against-the-grain process of building and protecting your wealth that defies conventional wisdom, yet produces extraordinary results. On this week's special edition of Business Unconventional, Garrett unloads on commission-obsessed financial planners and explains why chasing interest rates will never produce the phenomenal wealth that comes when you chase your life's soul purpose.  Garrett Gets Paid A Fortune As An In-Demand Corporate Speaker and Small Business Consultant... But His Weekly "Freedom FastTrack Intelligence Brief" Won't Cost You A Dime As a Business Unconventional listener, you can receive a free, trial subscription to Garrett B. Gunderson’s Freedom FastTrack Intelligence Brief - keeping you on the cutting edge of personal and professional financial success in less than 10 minutes a week. Simply visit www.FreedomFastTrack.com/intelligencebrief and enter code: "MMR 01".  Those who don't listen to Business Unconventional will just have to fork over hard cash to receive Garrett's most-exclusive insights.

Most of what conventional financial planners tell entrepreneurs about how to grow and protect their wealth is crap.  Okay, so that's not a very polite thing to say.  But it's painfully true. Otherwise savvy small business owners can be totally stupid when it comes to trusting their money and investment strategies to others. That is a sermon that Garrett B. Gunderson - who became a multi-millionaire before age 27 - has been preaching from coast-to-coast business pulpits for years and is a core concept in his New York Times groundbreaking bestseller, Killing Sacred Cows. Garrett, an educator and financial advocate, is the force behind The Freedom FastTrack, a phenominal go-against-the-grain process of building and protecting your wealth that defies conventional wisdom, yet produces extraordinary results. On this week's Monday Morning Radio, Garrett unloads on commission-obsessed financial planners and explains why chasing interest rates will never produce the phenomenal wealth that comes when you chase your life's soul purpose. Garrett is interviewed by Wizard Academy faculty member Dean Rotbart and wealth management expert David Biondo.  Dean and David are co-hosts of the weekly Business Unconventional radio news magazine broadcast on 710 KNUS AM in Denver. Be sure to follow B. Unconventional on Twitter: @BUnRadio and subscribe to Roy H. Williams's Monday Morning Memo.  The best things in life really are free! Monday Morning Radio Run Time: 49 mins 37 secsPhoto: Garrett B. Gunderson, Freedom FastTrack 

authenticentrepreneur.tv Some WORDS OF WISDOM BY GARRETT B. GUNDERSON- Bringing the conversation of Soul Purpose is the only way to bring money ALIVE! Money is the greatest obstacle or asset for most of the population. SOUL PURPOSE is the greatest version of YOU! Everyone has a Soul Purpose, and when your aligned with it, you find that PASSION!' You've got to MAKE PURPOSE PROFITABLE! Look for a problem that your soul purpose can solve...and the reason most people don't bring it to the marketplace, is because there is a disease

Dr. Paul is joined by successful business man and entrepreneur Garrett B. Gunderson to talk about his new book Killing Sacred Cows.  This book discusses how to defeat the lies and myths surrounding money and...