Wealth Labs with Garrett Gunderson: Recent Episodes
GARRETT GUNDERSON
Do you have a financial question you'd like one of our Money Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
In this episode of Ask the Money Nerds, Garrett shares his thoughts on the current state of money and the housing market.
$1.9 TRILLION dollars are about to be pumped into the American economy without any value creation, it is simply being added to computer screens. What does this mean for housing prices? Today, Garrett shares his thoughts on the current state of the markets and he will give you some practical insights to think about as you develop your own financial strategy.
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would Billionaires Do - https://wlth.co/yt-garretts-billionaire-book
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Money Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
In this episode of Ask the Money Nerds, Garrett and Amanda answer a viewers questions about setting up an S-Corporation and the ways this entity can support the business from liability standpoint as well help you save on taxes.
Income differentiation is a key to saving money on your taxes. Today, we explore the different types of corporations you might consider for your tax goals.
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would Billionaires Do - https://wlth.co/yt-garretts-billionaire-book
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Money Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
In this episode of Ask the Money Nerds, Garrett and Amanda dive into Indexed Annuities and Indexed Universal Life policies for creating sustainable, long-term income.
Today we look at a question about creating a fixed, future income and whether or not an Indexed Annuity or an Indexed Universal Life policy is potentially a good idea. I share several personal opinions on the matter and offer some clarity around these products, so you can make the best decision for yourself.
To learn more about Cash Flow Banking visit: https://cashflowbanking.com
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would Billionaires Do - https://wlth.co/yt-garretts-billionaire-book
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Money Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
In this episode of Ask the Money Nerds, Garrett and Amanda talk about how Life Insurance companies make money.
Some financial experts believe that Whole Life Insurance is a hole you put your money into, but is that really true? Today, we are exploring the financial stability of life insurance companies as well as some of the requirements needed in order to qualify for a policy.
Interested in learning about Cash Flow Banking? Visit https://cashflowbanking.com to learn more!
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would Billionaires Do - https://wlth.co/yt-garretts-billionaire-book
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Money Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
In this episode of Ask the Money Nerds, Garrett and Amanda answer a question from Kyle about what he should do with the money he has in his 401(k) from a part job.
Do you have a 401(k) and also have loans or debt? Is it a good idea to cash out the 401(k) to pay off debt os is it better to keep putting money away? On Today's Ask The Money Nerds segment we explore a few options for you to consider if you are in a similar situation as Kyle.
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would Billionaires Do - https://wlth.co/yt-garretts-billionaire-book
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Money Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
In this episode of Ask the Money Nerds, Garrett and Amanda respond to YOUR comments from a previous video about paying off your mortgage.
People are FIRED up about mortgages! Should you pay them off? And if you don't are you making the right choice? Today's Ask the Money Nerds episode is going to be a little different as we look at some of the comments from an older video where I talked about how paying off your mortgage early can destroy your finances.
You can find the video where the comments came from here: https://youtu.be/8UQmqi9zj4w
Compound Interest Video: https://www.youtube.com/watch?v=M6MG9cbgh6c&t=202s
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would Billionaires Do - https://wlth.co/yt-garretts-billionaire-book
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Money Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
In this episode of Ask the Money Nerds, Garrett and Amanda discuss the most recent events around Reddit's WallStreetBets forum and GameStop.
Reddit, GameStop, AMC Theaters, and Silver have all been a part of a new conversation around sticking it to the big Wall Street Firms. Listen in as we talk about the current situation and try to find the lessons learned from these recent events.
Do you have a financial question you'd like one of our Money Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
In this episode of Ask the Money Nerds, Garrett and Amanda discuss the pros and cons of paying off your mortgage with Rich Christiansen.
Garrett is considering paying off his mortgage. But is that really the best decision? What are the pros and cons? He weighing his options which is why we have a special guest with us today, Rich Christiansen. Rich paid off his house early in his career and with that stability choose to start multiple businesses. He is a multiple time best selling author and has sold 19 businesses over the years. Listen in as he explains why he chose to pay off his house and the trade offs he considered.
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would Billionaires Do - https://wlth.co/yt-garretts-billionaire-book
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Money Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
In this episode of Ask the Money Nerds, Garrett and Amanda discuss the key money principles to win with your money.
There are plenty of things you can do to improve your finances, but without this one technique, this one step, it is all for nothing. If you want to secure your financial future, automate the capture of your wealth, and create habits that lead to financial success. This elegant, simple, yet profound step is key, BUT be careful, many retirement planners and salespeople will tell you something that sounds similar, that will never provide the same results AND will create unnecessary risk. Do this right and get on track and build momentum immediately.
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would Billionaires Do - https://wlth.co/yt-garretts-billionaire-book
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Money Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
In this episode of Ask the Money Nerds, Garrett and Amanda discuss money mindsets and how to win with money.
There are plenty of things you can do to improve your finances, but without this one technique, this one step, it is all for nothing. If you want to secure your financial future, automate the capture of your wealth, and create habits that lead to financial success, this elegant, simple, yet profound step is key. BUT be careful, many retirement planners and salespeople will tell you something that sounds similar, that will never provide the same results AND will create unnecessary risk. Do this right and get on track and build momentum immediately.
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would Billionaires Do - https://wlth.co/yt-garretts-billionaire-book
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Money Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
In this episode of Ask the Money Nerds, Garrett and Amanda discuss ways to prepare for a collapse of the dollar.
Are you worried about the stability of financial institutions? How about the monetary system and the value of the US dollar? Today, we discuss how to prepare for the volatility in the current monetary system and why Garrett is investing in assets, rather than sitting in cash.
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would Billionaires Do - https://wlth.co/yt-garretts-billionaire-book
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Money Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
In this episode of Ask the Money Nerds, Garrett and Amanda discuss when it makes sense to utilize a retirement account to fund a cash flow banking policy.
Does it make sense to cash out an IRA right now? When does it make sense to fund your own bank when cash flow is unpredictable. Listen in as Garrett shares tips that are important to consider before starting a Cash Flow Banking policy. We will also hit on specific items to consider when utilizing your retirement accounts for this strategy.
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would Billionaires Do - https://wlth.co/yt-garretts-billionaire-book
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Money Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
In this episode of Ask the Money Nerds, Garrett and Amanda
discuss intellectual property (IP), how to get your message out to the right people and when to consider setting up an IP Company.
Do you have content inside of you that you want to share with others and have the desire to monetize? Does the world of marketing overwhelm you? Today, Garrett shares a few thoughts on establishing an IP company and how to share your ideas with others.
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would Billionaires Do - https://wlth.co/yt-garretts-billionaire-book
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Money Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
In this episode of Ask the Money Nerds, Garrett and Amanda discuss how to have conversations about money with your loved ones.
Do you worry about the financial situation of your loved ones? Do you fear they won't be able to retire or have what they need to live a semi stress-free life? How can you have conversations that come from a place of love rather than judgement or pressure? Today, we give you practical ways to approach these difficult conversations and figure out what path is going to make sense for your loved one.
Want to discover your money persona? Visit: https://wealthfactory.com/moneypersona
For additional resources visit: https://wealthfactory.com/megakit
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would Billionaires Do - https://wlth.co/yt-garretts-billionaire-book
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Money Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
In this episode of Ask the Money Nerds, Garrett and Amanda dive into a topic that most people forget is even an option for them: cashing out portions of their retirement account.
When is the right time to take money from a retirement plan and for what purpose? What is considered an investment and why do you have the money there in the first place? Today, we explore the world of value based spending and how you can use this approach to simplify some of your money decisions and think more practically so you can avoid miserly habits.
For more resources visit: https://wealthfactory.com/megakit
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would Billionaires Do - https://wlth.co/yt-garretts-billionaire-book
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
In this episode of Ask the Money Nerds, Garrett takes a deep dive into the commonly discussed money topic of compound interest. Is compound interest a myth?
When is the right time to take money from a retirement plan? Is compound interest the only way to grow your wealth or is it over-rated? Today, we explore how the banks and institutions make money while giving you the opposite advice on how you can grow your money. We take a look at some of the pitfalls with utilizing government sponsored plans and the traps of keeping your money "invested" for as long as possible even if it's not to your long term benefit.
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would Billionaires Do - https://wlth.co/yt-garretts-billionaire-book
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
In this episode of Ask the Money Nerds, Garrett, Amanda and a special guest explore the world of cryptocurrencies.
The idea of using cryptocurrencies, including Bitcoin in our daily lives is starting to become more commonly discussed across the globe. Today, we bring in a crypto-expert, Logan Sunday, to tell us how to purchase coins, why they can be a good alternative to cash, and what the future might hold for digital currencies and the blockchain.
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would Billionaires Do - https://wlth.co/yt-garretts-billionaire-book
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
In this episode of Ask the Money Nerds, Garrett, Amanda and a new Money Nerd, Logan talk through how to get started in the crypto space.
The idea of using cryptocurrencies and Bitcoin in our daily lives is starting to become more commonly discussed across the globe. Is it time for you to consider getting into one of these currencies? And if so, how do you get started? Today, our guest is crypto-expert, Logan Sunday. He gives you the scoop on getting started with crypto and how you can dip your toe into the world of crypto if you are new to the space.
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would Billionaires Do - https://wlth.co/yt-garretts-billionaire-book
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
In this episode of Ask the Money Nerds, Garrett and Amanda answer a question from Janae.
Janae wrote in with a question about receiving a large financial gift from her parents.
Many of you are worried that there will be some major changes to estate taxes when new administration takes office. How should you be planning to pass down your wealth? Are there ways to minimize how much estate tax you will ultimately pay? Today, we explore some of the common strategies to minimize taxes through gifting before you pass away, as well as ways to pass along wealth through your business.
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would Billionaires Do - https://wlth.co/yt-garretts-billionaire-book
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
In this episode of Ask the Money Nerds, Garrett and Amanda answer a question from Patty.
Patty wrote in with a question wondering if it is worth buying a restaurant if it takes up most of their current cash flow.
Is now the time to buy assets or businesses? When does it make sense to use your cash in order to acquire real estate or expand your business? Today, we are going to explore some of the pitfalls to expanding your business too fast and some items to consider whenever you are looking to scale your reach.
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would Billionaires Do - https://wlth.co/yt-garretts-billionaire-book
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
In this episode of Ask the Money Nerds, Garrett and Amanda answer a question from Kason.
Kason wrote in with a question about creating a Cash Flow Banking policy and how to do so with a preexisting condition.
Would you like to use Cash Flow Banking but have had a health issue preventing you from getting the rating you want? What other options are there? Today, we explore some of the options you might have even if you have a preexisting condition or have simply been denied a policy in the past.
Interested in talking with a cash flow banking expert? Visit: https://cashflowbanking.com
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would Billionaires Do - https://wlth.co/yt-garretts-billionaire-book
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
In this episode of Ask the Money Nerds, Garrett and Amanda answer a question from Yimer.
Yimer wrote in with a question about withdrawing some money out of his 401k to ultimately pay off his house.
If you have the money to pay off your loans, is now a good time? Are you worried about what will happen to your retirement plan in the years ahead? What can you do to protect your money and improve your cash flow? Today, we talk through how to move money around to free up cash flow and create economic independence.
If you are interested in working with the Wealth Factory you can visit: https://wealthfactory.com/private
Want to get your Mega Kit? Visit: https://wealthfactory.com/megakit
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would Billionaires Do - https://wlth.co/yt-garretts-billionaire-book
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
In this episode of Ask the Money Nerds, Garrett and Amanda answer a question from Damon.
Damon wrote in with a question about refinancing his home.
Is now a good time to refinance with interest rates so low? Are the fees worth it and when do you break even? Today, we talk through some of the scenarios about when it would make sense to do a refinance on your mortgage and how to ensure that you are not getting yourself into a worse situation than you are currently in.
To Learn more about Cash Flow Banking visit: https://cashflowbanking.com
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would Billionaires Do - https://wlth.co/yt-garretts-billionaire-book
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
In this episode of Ask the Money Nerds, Garrett and Amanda answer a question from George.
George wrote in with a question about using a cash flow banking policy to purchase real-estate.
If you want to buy real estate, where is the best place to store your money for down payments? How do you protect your money, have tax advantages and still have access to it quickly when the right deals are available? Today, Garrett walks you through the process of using your cash value for real-estate investments and why using cash flow banking is a great way to pay for real-estate!
To Learn More about Cash Flow Banking visit: https://cashflowbanking.com
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would Billionaires Do - https://wlth.co/yt-garretts-billionaire-book
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
In this episode of Ask the Money Nerds, Garrett and Amanda answer a question from Karla.
Karla wrote in with a question about creating financial independence in her life, but is unsure about how to approach it.
So, How do you create financial independence? What if you are just starting out and not sure what to do? Today, we are going to explore Karla's options and give you some ideas on how to create the foundation that will lead to financial independence in your life!
To Get Your Mega Kit Visit: https://wealthfactory.com/megakit
Check out our Scale Program: https://wealthfactory.com/scale
Episode with Walker Deibel:
https://youtu.be/LUgbxHKA94Q - Should You Go ALL IN and buy a business?
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would Billionaires Do - https://wlth.co/yt-garretts-billionaire-book
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
There is plenty of information talking about creating passive income, but how do you go about creating it? Sometimes assets that create cash flow aren’t very passive. When I did a lot of real estate investing, it felt pretty active. Owning a business can require even more of your attention and time so what are the best options out there? Today we explore a couple of investments that take a little work upfront but can potentially yield some substantial passive cashflow!
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would Billionaires Do - https://wlth.co/yt-garretts-billionaire-book
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
What are the top strategies to maximize your Cash Flow Banking system? With the massive amount of money that has been and will continue being added to the economy, setting your money aside for the hopes of it growing the next thirty years in funds you have no control over isn’t necessarily the best option.
In this episode of Ask The Money Nerds, Garrett talks share three strategies for optimizing a Cash Flow Banking policy.
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would Billionaires Do - https://wlth.co/yt-garretts-billionaire-book
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
In life and in school we aren’t given money manual even though it is something that impacts us on a daily basis. We often develop habits from our parents or teachers and at times the amount of intelligence around it is often limited.
How can you teach your kids about money? When should you start teaching them? What are the best ways to teach your kids how to deal with money? Get answers to these very important questions on today's episode of Ask The Money Nerds!
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would Billionaires Do - https://wlth.co/yt-garretts-billionaire-book
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
What is the best way to pay off loans? When does it make sense to use your retirement funds before retirement? In today's episode of Ask The Money Nerds, Amanda and I explore the most efficient way to pay off your loans if you choose to pull money out of your 401k and how you can get your money to be more useful and keep it in motion.
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would Billionaires Do - https://wlth.co/yt-garretts-billionaire-book
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
A healthy individual is 4x more likely to become disabled before the age of 65 than prematurely die. Yet, this is one the insurances that most put off, I even did initially. When is it a good idea to consider purchasing disability insurance? How much coverage is a good amount to have and what different types of policies are there? Far too often these plans are flawed and don’t even provide adequate coverage in the event a disability occurs. In today's episode of Ask The Money Nerd's, I'll cover the top 5 provisions and help you figure out if you have a policy that works for you. All that and more on today's episode!
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would Billionaires Do - https://wlth.co/yt-garretts-billionaire-book
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
Are you tired of hearing so much negativity, being a part of conversations or watching media that focuses mostly on problems? Well, today Ryan Moran of Capitalism.com joins me for a conversation that is centered on positivity and possibilities because we want you to be profitable and productive in these troubling times. We also talk about two key components that will help you create a better life and potentially end up a bit wealthier.
To Learn more about Ryan's Book Visit: https://captialism.com/book
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would Billionaires Do - https://wlth.co/yt-garretts-billionaire-book
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
Are you doomed to scrimp and save your life away in order to get on solid financial ground? Do you feel that too much of your money goes to financial institutions and the government rather than to your quality of life? What are the steps to create a solid foundation and keep more of what you make without cutting back. If you are looking for a way to live better today and still prepare for your financial future, pay close attention.
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would Billionaires Do - https://wlth.co/yt-garretts-billionaire-book
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
Are you wanting to accelerate the rate at which you can stop needing banks in your life and have your own system? Would you like to overfund your cash value, but you're not sure how much you can put in and still keep your tax advantage? What do you do if you have a policy that isn’t designed correctly? 90 plus percent of life insurance policies are not designed properly, they underperform, and end up costing you years of precious time and way too much commission. This episode of Ask The Money Nerds is about how to design a policy to your advantage. Take a listen!
For more info on cash flow banking visit: https://cashflowbanking.com
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would Billionaires Do - https://wlth.co/yt-garretts-billionaire-book
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
What is the quickest way to reduce debt? Are you stressed and feeling anxious about your payments, your loans, and your cash flow? If you have more than one loan or are feeling overwhelmed with the amount of debt you have this Ask The Money Nerds episode is for you.
Get my latest book Budgeting Sucks by visiting: https://budgetingsucks.com
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would Billionaires Do - https://wlth.co/yt-garretts-billionaire-book
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
Do you have money that has yet to be taxed from your business and are wondering if you should pay the tax or if there are investments that provide tax advantages? I'm not talking about merely kicking the can down the road and delaying taxes, but ways to actually save tax without just spending more money. When you spend to save tax, I refer to it as "the tax tail wagging the dog" because it doesn’t make sense to spend a dollar to save 37 cents. Is it best to just pay the tax now, delay or find ways to permanently save? You’ll know after today’s episode of Ask The Money Nerds.
For more tax resources visit: https://wealthfactory.com/tax
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would Billionaires Do - https://wlth.co/yt-garretts-billionaire-book
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
Are you wondering what to do with your savings? What are the best ways to protect your cash and yet find ways to grow it? If you are looking to become a better investor and get answers to these questions, this is the Ask The Money Nerds session for you.
To learn more about cash flow banking visit: https://cashflowbanking.com
Learn how to make more money: https://budgetingsucks.com
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would Billionaires Do - https://wlth.co/yt-garretts-billionaire-book
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
Has your cash flow/income dropped during COVID? Do you own a business or work for a business that has been hit and you aren’t sure what to do with paying yourself? What habits do you want to keep and where do you want to make immediate changes to create staying power while you weather the storm?
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would Billionaires Do - https://wlth.co/yt-garretts-billionaire-book
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
Is paying off debt destroying your life or are you feeling trapped, lost and that there is no end in sight? Are you stuck or frustrated as most of your money goes right out the door and you feel like you are living paycheck to paycheck? What are you options? How can you turn things around? Should you use your savings or how much should you keep liquid for financial surprises. This is a big one for those with loans, let’s dive in.
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would Billionaires Do - https://wlth.co/yt-garretts-billionaire-book
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
Do you have extra cash in your account and you aren't sure what to do with it? What if you need that cash for an opportunity or for safety, what are your options? All this and much more on today's episode of Ask The Money Nerds!
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would Billionaires Do - https://wlth.co/yt-garretts-billionaire-book
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
Are you wondering where to allocate your money? Are publicly traded companies in the stock market or mutual fund heavily overvalued...YES!
Are there better opportunities out there? YES!
Today, Walker Deibel and I talk about the number one thing that will help you own and control your future when it comes to your money!
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would Billionaires Do - https://wlth.co/yt-garretts-billionaire-book
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
Is there a tax advantage to funding your 401k or retirement plan? Does it make sense to keep contributing with the economy in the shape it is right now? What if you have other options? What alternatives do you have to allocate your cash elsewhere? Today’s question is about comparing real estate to retirement plans. What are the pros and cons, what makes more sense?
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would Billionaires Do - https://wlth.co/yt-garretts-billionaire-book
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
Have you been working hard, saving money, doing what you have been taught to have a better life: pay off debt, save money in a retirement, work hard, get an education, and yet not sure this will get you where you want to go? Are you concerned about the economy and watched too many pensions disappear for others or tired? Today on ask the money nerds we have a question from someone to do things different, but wants to know if there is such a thing as to invest passively in a business or other vehicle in order to generate cash flow and minimize taxes?
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would Billionaires Do - https://wlth.co/yt-garretts-billionaire-book
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
Are you worried about inflation? Well, the numbers may be the same in your bank account right now, but what those dollars can buy is going to go down. When more money is added to the economy without anyone creating value or doing anything for it you lose purchasing power. What about gold , silver, or cryptocurrency? In today's Ask The Money Nerds segment of the Wealth Labs podcast, we are adding to our previous conversation about inflation and are bringing you more actions items to help relieve some of the fear and concern out there about inflation's effects on our lives.
Get Your Mega Kit at: https://wealthfactory.com/megakit
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would Billionaires Do - https://wlth.co/yt-garretts-billionaire-book
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
Are you wondering if it's a good time for you to sell your home? Are you wondering if now is a good time to start a business or maybe even buy a business? Today, I have a special Money Nerd joining me, Walker Deibel. He wrote the book "Buy Then Build" and is here to answer Chad's question about whether or not he should sell his home in order to buy a business.
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would Billionaires Do - https://wlth.co/yt-garretts-billionaire-book
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
In 2008-2010 people lost tons of money in real estate, but immediately after a select few made a fortune. There is another opportunity coming again, will you be ready, can you capitalize? What can you do to prepare right now and what ideas will be most profitable? Which will have the most risk? This is what we cover in today's episode of Ask The Money Nerds.
Get Your Investment Scorecard at: https://wealthfactory.com/scorecard
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would Billionaires Do - https://wlth.co/yt-garretts-billionaire-book
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
People have been trained for a century to be passive investors, to accumulate and wait for compound interest to kick in. This isn’t the method of the banks, Wall Street, or the wealthy, so it is more of a do as I say and not as I do type of idea. Cash flow investing requires knowledge, some patience and personal attention. It may even require more time up front, but less time in the long run. How can you create economic independence in the next 10 years, have enough cash flow from assets to cover your life….there is a way, let’s uncover it.
For more resources on investing visit: https://wealthfactory.com/cashflow
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would Billionaires Do - https://wlth.co/yt-garretts-billionaire-book
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
What if you no longer had to apply for a loan at a bank or go through the hoops to get access to your equity? What if your credit didn’t determine your interest rates or your access to cash? What if you could have a way to keep earning interest while having access to your money. Today we learn what banks and big corporations do to store their money tax efficiently and safely. But more importantly, you can learn how to do this whether or not you have a business. What will happen as the dollar devalues if you are using the cash flow banking strategy?
For more info about cash Flow Banking visit: https://cashflowbanking.com
To get the book about Cash Flow Banking visit: https://billionairesmethod.com
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would Billionaires Do - https://wlth.co/yt-garretts-billionaire-book
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
Are you advancing and yet you have friends that have antiquated financial beliefs or judgement that is causing friction for you? How can you move forward powerfully and keep your friends if you don’t share the same philosophy? Are you wondering how to navigate the world of finance with so much misinformation. This is important to your future success, let’s dive in.
For more resources visit: https://wealthfactory.com/megakit
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would Billionaires Do - https://wlth.co/yt-garretts-billionaire-book
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
Are you doing things differently than the masses and want to help those you care about with the concepts you are learning? What is the best way to help them and have difficult conversations? Do you want a better place to store your savings, cut out the bank as the middleman, and earn higher interest with tax advantages? We will cover Cash Flow Banking today and how to create a bigger legacy for you and those you love.
Take the Quiz Here: https://wealthfactory.com/moneypersona
Get the book mentioned in today's episode here: https://billionairesmethod.com
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would Billionaires Do - https://wlth.co/yt-garretts-billionaire-book
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
If you were a fast food business selling hamburgers, fries and drinks, what has the best margin, the worst margin? How much do you make on hamburgers versus drinks? Even though the margin is low on hamburgers, if you stop selling them, you sell less drinks. Turnover (aka velocity) is the key to creating more wealth. Cash flow is king, it is key. How things coordinate and improve each other makes a huge difference with your returns. Let’s apply this to investing and how you allocate your money so you get more velocity to create greater returns on your money.
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would Billionaires Do - https://wlth.co/yt-garretts-billionaire-book
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
Are you worried about inflation with the massive amount of money that has been added to the economy in 2020. Should you pay off loans or consider investing? Is now a good time to purchase crypto or gold? If you are wondering what the best methods are to determine what to do with your cash, pay attention.
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would Billionaires Do - https://wlth.co/yt-garretts-billionaire-book
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
On this episode of Ask The Money Nerds, we have a question from Ryan, who is one of the most diligent savers that we've ever seen. Ryan is wanting to open up a Whole Life Insurance policy and is wondering how to structure it properly. He wants to use the policy as a bank account and leverage it for real estate investments. So, if you're wondering what goes into structuring a policy correctly and how to access funds, today's video is for you!
To get more info on Cash Flow Banking visit: https://cashflowbank.com
To Get Garrett's Book on Cash Flow Banking visit: https://billionairesmethod.com
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would Billionaires Do - https://wlth.co/yt-garretts-billionaire-book
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
Whole life Insurance policies have gotten a bad rap in some financial circles, but we believe that this is solely because most policies are not structured properly. Today, on this Ask The Money Nerds segment, we look at how to structure Whole Life Insurance policies correctly. We also answer Jason's question, "It is evident our income needs to be greater to afford beneficial plans like this. Do I forget about buying a policy for myself and focus on buying one for my two kids?" Listen in as Dale, the "Human ATM" outlines the differences on policies for adults and children.
To get a copy of What Would Billionaire's do? visit: https://Billionairesmethod.com
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would Billionaires Do - https://wlth.co/yt-garretts-billionaire-book
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
Should you be stockpiling cash right now or paying off loans? Are life insurance companies safe amidst COVID and the 1.8 million small businesses that are either closed or bankrupt according to a WSJ article? How do you protect yourself while preparing for the opportunities that are ahead?
To Get a copy of What Would Billionaires Do? visit: http://billionairesmethod.com/
For more resources visit: https://wealthfactory.com/megakit
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would Billionaires Do - https://wlth.co/yt-garretts-billionaire-book
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
Are you familiar with Cash Flow Banking? CFB is place where you can overfund a cash value policy so it's protected from liability, bankruptcy and from downsides in the market all while being accessible. Have you heard of PUA's (Paid Up Additions)? Do you know and understand the fees connected to a CFB policy and how to mange and navigate them? Dale Clarke, the "Human ATM" joins us for this episode of Ask the Money Nerds. Together we answer Jacob's question and give you the scoop on Overfunded Whole Life Policies.
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would Billionaires Do - https://wlth.co/yt-garretts-billionaire-book
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
Can you use someone else's credit history to improve yours? What happens if you have signed for someone else to get approved for something and they miss a payment? All this and more on Today's Ask The Money Nerds Episode!
For more resources to improve your credit score visit: https://wealthfactory.com/credit
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would Billionaires Do - https://wlth.co/yt-garretts-billionaire-book
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
When is a good time to buy a house? Is it wise to pay off student loans or to get a mortgage and use the cash for a down payment instead? Is renting a waste of money?
Get my latest book at: https://budgetingsucks.com
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would Billionaires Do - https://wlth.co/yt-garretts-billionaire-book
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
Do you have money you want to invest or just become a better investor so you can create cash flow with your existing investments? Do you know where to invest in this interesting time? What investments should you avoid and which ones will yield the best returns? Don’t take risk and throw your money into investments that don’t create cash flow, instead...do this
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would Billionaires Do - https://wlth.co/yt-garretts-billionaire-book
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
Are you doing all you can to provide for your family, yet still falling short? Have you had some tough circumstances that have been hard to deal with and not sure about your next step? Where can you get some breathing room? Where can you access money or increase your cash flow?
To get more info on improving your credit visit: https://wealthfactory.com/credit
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would Billionaires Do - https://wlth.co/yt-garretts-billionaire-book
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
Do you have high interest rate credit cards? Is cash flow tight and you hate paying those massive interest rates? What are you options? Should you do a balance transfer or should you negotiate better interest rates? This applies to anyone that ever has a loan and the ways to keep more and pay the institution less.
For more info on dealing with credit visit: https://wealthfactory.com/credit
To get our MEGA Kit of info visit: https://wealthfactory.com/megakit
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would Billionaires Do - https://wlth.co/yt-garretts-billionaire-book
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
How much down payment should you put for a house payment? Should you pay off credit cards or save money for a down payment? What are the best options for loans and institutions? Our question today is one that will unlock one of the mysteries that make finance so much easier.
Grab my latest book at https://budgetingsucks.com
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would Billionaires Do - https://wlth.co/yt-garretts-billionaire-book
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
Most people work and scrimp for 30 years to build their net worth, often taking risk, delaying gratification, and hoping that one day, someday they can finally enjoy life. Why build net worth if you can buy it, yes, buy your net worth and build your cash flow, it is the way to gain financial independence much faster, safer and then if you retire, use the strategy I teach here to boost your cash flow with lazy assets- those assets that have equity but don’t produce cash flow.
If you want to learn more about how to buy your net worth visit: https://billionairesmethod.com/
Or if you would like to talk with someone about Cashflow banking visit: https://cashflowbanking.com
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would Billionaires Do - https://wlth.co/yt-garretts-billionaire-book
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
You can get up to 100k without penalty from your retirement plan right now...should you? If you do, what do you do with it? Is this an opportunity? Is it a good time to pay off debt and is real estate good right now? Where should you put your money or what should you do with this window of opportunity? Here are my thoughts on these questions and more!
To get a copy of Garrett's new book visit: https://budgetingsucks.com
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would Billionaires Do - https://wlth.co/yt-garretts-billionaire-book
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
Would you like to invest, but don’t really have money to invest? How do you get
started, even if you don’t have an income or enough income? What are the best
resources and ways to be more resourceful? It doesn’t take money to make money, so
what can you do with little to no money? Let's find out!
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would Billionaires Do - https://wlth.co/yt-garretts-billionaire-book
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
How can you find money that is rightfully yours and keep it? Where do people
lose and leak money unintentionally? Would you rather keep your coffee habit, lose
budgeting, no longer coupon clip and instead get ahead without losing enjoyment?
What habits can you implement to build cash flow, find money, and improve your
finances?
To Get Garrett's New book visit: https://budgetingsucks.com
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would Billionaires Do - https://wlth.co/yt-garretts-billionaire-book
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
Are you wanting to start a business or invest in real estate? What is the
best way to protect yourself and maximize your tax savings? When does it make
sense to set up a corporation and what type of corporation is right for you?
https://wealthfactory.com/billionaire-book
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would Billionaires Do - https://wlth.co/yt-garretts-billionaire-book
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
Can you take tax deferred accounts and roll them to other tax preferred savings
and investment vehicles? Would you like to save more money each month, but not sure
how to come up with the funds? We have a question about how to move pre-tax
retirement funds to financial vehicles with tax-free distributions. People always want to
know when it is too late to start their own banking system through cash flow banking as
well. Let’s dive in.
For resources on getting your tax situation under control visit: https://wealthfactory.com/tax
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would Billionaires Do - https://wlth.co/yt-garretts-billionaire-book
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
We get a lot of questions about cashflow banking on our Ask The Money Nerd Segment of the Wealth Labs Podcast. But one question that has come up a bit more frequently lately is around starting the cash flow banking process when you are close to retirement. Today, Stolba and I have brought back Tim Cardon to run the numbers and give you an idea what this looks like if you are a bit further down the road.
Time Stamps:
1:30 – At 60 Years Old, what is the best way to set up a Cash Flow Banking System?
2:40 – Illustration of a Cash Value Policy
3:15 – Why you don’t break even on a Whole Life Policy for the first few years
4:50 – Resources to learn how to utilize death benefit to produce cash flow while you are alive
6:00 – How Tim was able to get his Father to Early Retirement
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would Billionaires Do - https://wlth.co/yt-garretts-billionaire-book
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
There are plenty of options when it comes to purchasing a car, but which one is going to preserve your cashflow? Today, on our Ask The Money Nerd Segment of the Wealth labs Podcast, We brought back Tim Cardon to run the numbers and make sure you are getting the best deal when purchasing your car!
Time Stamps:
1:47 – The Money Nerd’s First cars?
4:56 – Why Garrett Leased his first Cars?
6:50 – Things to be aware of when a car dealership gives you a “Deal”
8:15 – Why a business owner might consider a lease vs a loan
9:30 – I have had a car lease for the last 7 months, does the cash flow index apply to this type of “loan” and what are your recommendations I should consider?
11:00 – Why you might consider a lease over purchasing a car more on the personal side
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would Billionaires Do - https://wlth.co/yt-garretts-billionaire-book
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
Banks pay you to rent your money and then they sell it at a much higher cost than what you actually get paid for it. So how do we flip this strategy and have it work for us?
Velocity Banking can be an extremely confusing concept, which is why Tim Cardon joins us in today's episode to help us understand if we are in the right economic and political environment to implement this strategy to pay off a mortgage faster.
Time Stamps:
2:01 – This Episodes Question: Would it be ideal to use Velocity Banking to pay down my rental 100% and use its cash flow to cover my monthly mortgage on our primary property?
2:50 – What is a Cash Flow Index?
4:00 – Why we should be looking at the bigger picture of our loans
4:50 – The reasons we don't really know what the actual impact of months of self-isolation will be.
5:30 – There is a good chance that we have re-created the Great Depression!
8:10 – What is Velocity Banking?
11:05 – Whether using cash or credit, there is always an interest cost.
13:45 – The Fed lowered interest rates, but did the interest rate drop get transferred to the public? Here's the reality, the banks got an infinite rate of return, here's how that happened.
15:30 – Garrett’s concerns with Velocity Baking given the current environment of our country.
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would Billionaires Do - https://wlth.co/yt-garretts-billionaire-book
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
Sometimes when get ourselves in situations that create feelings of scarcity or the feeling of being trapped because we have so much debt holding us back. What are your options? What risks are you facing and how can you address them? In this episode of Ask The Money Nerds, Garrett charts some new territory by giving you unconventional ideas to get you back on the right foot and navigate your debts.
Time Stamps:
1:20 – Scarlett's Question: I have accumulated an amount of debt that I currently do not have the money to pay back. My anxiety around this debt keeps me up at night. I am currently unemployed and am not able to find a job with a livable wage. Do you have any thoughts or suggestions?
2:10 – Some unconventional advice from Garrett
3:00 – The credit card system is broken. Here's why.
3:30 – Why you should be doubling down on using your time to learn new skills & finding a career.
4:40 – Why this type of situation calls for a different approach.
6:10 – Some things to be aware of if you do choose to stop paying on your debts.
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would Billionaires Do - https://wlth.co/yt-garretts-billionaire-book
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
Are you worried about your 401k or IRA? Do you want to access your money with out penalty and have a way to address the tax? There are now provisions within the CARES Act, that allow people to pull money out of their retirement accounts WITHOUT the 10% penalty! Today, we discuss why you may want to consider this option as well as a 72(t) distribution.
Time Stamps:
1:45 – Kathy's Question: If I opt for a 72(t) Election, before 59.5 years, can I change my mind once actually reach this age?
2:05 – What is a 72(t) Election?
3:00 – When is it a good situation to take a 72(t) election?
4:25 – Why Garrett doesn’t have a 401(k).
6:10 – What are the pros and cons of putting funds from a 401(k) into an Annuity?
8:00 – What is a Zero-Coupon Bond?
10:05 – What is an Annuity?
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would Billionaires Do - https://wlth.co/yt-garretts-billionaire-book
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
Do you feel too much of your income is going to pay your loans and that you don't have enough left over to have the quality of life you want? Do you wonder how you can escape the debt trap without having to sacrifice your life away? Debt can create so much stress in our lives and cause us worry more and enjoy our lives less. In this episode of Ask The Money Nerds, Stolba and I talk about how you can get out of the hole and get on track right away rather than taking years to get there, including how to restructure loans and way to correct your credit score.
Time Stamps:
2:25 – Marquita's Question: My debt to income ratio is very close to 100%, should I do a debt consolidation loan and close the credit card accounts or should I keep paying the minimum payment on the credit cards?
2:50 – Consider an intra-family loan as an assistance option
3:10 – Refinance so you can utilize equity for better loan efficiency
4:00 – Ways to improve your credit score
4:40 – Other loan options
6:10 – Velocity Banking strategy
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would Billionaires Do - https://wlth.co/yt-garretts-billionaire-book
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
It's imperative to have access to cash if you want to be on the right side of the massive wealth transfer that is about to happen. How do you accelerate your savings? Where do you find more money to put in savings? And where can you save it? In this episode of Ask The Money Nerds we share with you some strategies to boost your savings and the best place to park your money for tax free growth!
Time Stamps:
2:17 – Paul's Question: What does Garrett determine as having liquidity? How can I have cash to invest? And what is the best account to put my money into?
2:58 – How to find more money?
3:40 – What is Cash Flow Banking?
5:28 – One option to park your cash and have it grow tax free
6:30 – A few risks with bonds
7:35 – What is a brokerage account?
8:40 – Reasons why I'm not a fan of retirement accounts.
9:55 – An alternative place to put your cash
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would Billionaires Do - https://wlth.co/yt-garretts-billionaire-book
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
Picking the right company and structuring your cash flow banking policy is vital to making this strategy work. In this episode of Ask The Money Nerds, I share some of the criteria I use to evaluate the efficacy of a company, I define my relationship with Garda Insurance and explain why I typically recommend them.
Time Stamps:
1:45 – Justin's Question: What insurance company do you recommend getting whole/term policies through? Also, what is your relationship with Garda Insurance?
2:45 – What is the minimum interest rate that you look for in a policy?
3:10 – What is a PUA?
4:00 – Why Garrett doesn’t care for companies that are stock based companies
5:10 – My relationship with Garda Insurance
7:05 – Other resources to navigate looking at your own cash flow banking policy.
8:08 – What is a Mutual Company?
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would Billionaires Do - https://wlth.co/yt-garretts-billionaire-book
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
If you knew you were going to get an extra $100k dollars tomorrow, above and beyond everything else you already had, what would you do with it? A viewer is considering what to do with an inheritance and is wondering if it's best to pay off accumulated debt before investing. In this Wealth Labs episode of Ask The Money Nerds, Stolba and I want you to consider a factor that is rarely mentioned when deciding what to do with your money, but we believe it will give you more clarity and confidence in whatever direction you choose!
Time Stamps:
1:20 – Lee's Question: My wife and I are coming into serious money soon. Should we pay off debt before investing in real estate?
1:35 – Peace of Mind vs Rate of Return
3:30 – Should we consider paying off our cars and debt before investing? We are getting conflicting advice from multiple people.
6:30 – Treating an investment like a business (rather than a hobby) is crucial to your success.
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would Billionaires Do - https://wlth.co/yt-garretts-billionaire-book
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
Have you thought about starting a business, but don't know where to begin? How do you make sure your personal assets are protected when you launch a business? There are several different entities to choose from when when setting up your business, so how do you know which one is going to be right for your situation? In this episode of Ask The Money Nerds Stolba and I give a brief overview of the various entities to help you choose which business one best fits your business needs.
Interview Time Stamps:
2:10 – Sarah's Question: What business structure is best for my massage therapy business? I want my personal assets to ve protected.
3:10 – The importance of talking with an attorney before setting up any type of entity.
3:30 – Why most people form an LLC
4:15 – Why C-Corporations have become a bit more complicated
4:45 – What is a pass through entity?
7:00 – If you want to go into business with a partner how do you determine how much ownership each partner gets?
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would Billionaires Do - https://wlth.co/yt-garretts-billionaire-book
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
Is there a secret to money, to finance, to prosperity? Is it as complicated as people make it? From Garrett's perspective, one of the fundamental parts of generating more wealth is through value creation. Does the phrase 'value creation' feel ambiguous for you? If so, what does it really mean to create value? In this episode of Ask The Money Nerds, Chief of Staff Amanda Stolba and I provide some clarity on what all of this really means and how identifying your Investor DNA can be a stepping stone into to you creating additional wealth in your life.
Time Stamps:
1:15 – Ben's Question: How do I figure out how to create value and how can I find my Investor DNA?
2:00 – What is Investor DNA?
3:10 – The problem with diversification
4:45 – How to find your core drivers in life
7:40 – How to create value
8:40 – Is a personal brand important?
9:30 – Collaboration is essential because we have to get good at finding people who are good at the things that are not our own personal strengths.
11:10 – Why discovering your own unique ability is an important step in the process to discovering how you can add more value to those around you can find your Investor DNA.
13:45 – The formula that most people follow that doesn’t necessarily equate to value.
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would Billionaires Do? - https://wlth.co/yt-garretts-billionaire-book
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
Some people make an argument for having gold on hand, specifically for moments when society is in turmoil. Is gold good to have on hand during a recession? A viewer wrote in with a question about precious metals and in this episode of Ask The Money Nerds Amanda and I talk about gold and whether or not you might want to consider adding it to your portfolio.
Time Stamps:
1:00 – How do you feel about having gold in your portfolio for this coming recession?
1:30 – Why Garrett focuses on Economic Independence
3:00 – Why you might not consider going too deep into gold investments
3:30 – Physical gold vs A gold note
6:00 – Other forms of precious metals
8:30 – What some of the wealthiest people are doing with their portfolios.
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would Billionaires Do? - https://wlth.co/yt-garretts-billionaire-book
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
Where should you store your cash if you are not ready to invest it? Is there something better than a checking, savings or money market account? When saving money for your Peace of Mind fund as well as for investment opportunities, a lot of people don't find it terribly exciting to put their money in a savings account due to low interest rates. In this episode, we talk about how to make sure you keep more of your money and where you can put it to avoid losing value due to inflation!
To Learn More about Cash Flow Banking visit: https://cashflowbanking.com
Time Stamps:
2:45 – Paul's Question: What does Garrett determine as having liquidity? Where is the best place to store cash to invest?
3:20 – How to find missing money!
4:00 – How the CARES Act may apply to you
5:05 – Using Cash Flow Banking to store your liquidity
6:40 – What is the minimum amount needed to start a Cash Flow Banking policy?
8:00 – Things to look at in a policy to make sure that it is designed properly.
9:50 – How are gold, silver and precious metals really going to help?
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would Billionaires Do? - https://wlth.co/yt-garretts-billionaire-book
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
Due to the turmoil in the markets in the first two quarters of 2020, we have been getting even more questions about retirement plans. On today's episode of Ask The Money Nerds we answer a question from Lacey who is getting ready to leave her place of employment, wants to start a business and has money in a 403b that she wants to move.
Time Stamps:
1:50 – Lacy's Question: I have a 403B account with Fidelity and am considering rolling that over to a retirement account with lower fees or potentially pulling that money out to fund a
C-Corporation that my husband and I started a year ago.
3:30 – The Checkbook IRA Option
3:50 – The 72T Distribution
5:00 – What is a Wealth Capture Account?
7:30 – Why I wouldn't focus on contributing more to a 401k
9:10 – Sitting on extra cash? How to expand your vision.
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would Billionaires Do? - https://wlth.co/yt-garretts-billionaire-book
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
There is often a lot of confusion around estate planning. Many viewers are wondering when to create an estate plan and how much money they need to get started. Did you know an estate tax is really a penalty on those who are under prepared? In today’s Ask the Money Nerds segment of the Wealth Labs Podcast, Aaron and I walk through some of the benefits of an estate plan and why you might consider getting one set up. Remember it's an act of love and a gift to others to have your financial house in order.
Time Stamps:
1:00 – Question: I don't feel like I have enough to begin creating an estate plan. Is it ever too early to create one?
2:20 – Why the estate tax is a tax on the unprepared
3:30 – Why I have a family constitution incorporated into my trust
5:30 – How I determine the members of my Board of Trustees
6:50 – Does it make sense to create a trust if you don't have kids?
9:20 – For many people, an estate plan is something to highly consider
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would Billionaires Do? - https://wlth.co/yt-garretts-billionaire-book
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
In this episode, we are trying our hand at a rapid fire Q & A session. In contrast to our other episodes, multiple questions from various topics are discussed. Garrett quickly answers questions from our listeners about: raising credit scores, finding your Investor DNA, what to do with your company's profits and much more!
Time Stamps:
0:54 – Credit Score is 680 and has a little bit of credit card debt, an $18k car loan and is not finding any new jobs that pay more.
2:50 – How can I attract funds without taking out a personal loan?
3:35 – How do you feel about a 1031 exchange if all my retirement is in real estate and every deal that I have done has lost money?
5:10 – Founder of a 70 member church, has $50k in an IRA and get $2k/month in Social Security. He is looking for some thoughts on how to improve his financial situation as he and his wife transition into a new season of life.
7:50 – How do I pay down my mortgage ASAP?
9:30 – I have a company that is profitable and I am trying to figure out how to split the profits (paying myself through dividends, marketing, training employees, etc.)
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would Billionaires Do? - https://wlth.co/yt-garretts-billionaire-book
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
We are combining questions for this episode of Ask The Money Nerds. Gloria and Lisa both have questions about how to handle their debt. We know that credit card debt can be a hindrance to wealth creation, so we walk through the three ways to position yourself to free up cash flow that is being taken from high interest credit cards, so you can start paying those balances down and create a life you love!
Time Stamps:
1:15 – From Gloria: How do I pay off my credit card debt?
From Lisa: We've been paying the minimum payment on our credit card for years. Is it a good idea to renegotiate with the credit card company to lower our amount of debt?
2:00 – How to renegotiate your debts
3:30 – How to restructure your debts
4:14 – How to reallocate your money
5:20 – Do this before you renegotiate your interest rates
6:00 – Is there an order to the 3 R's? does it make sense to start with one over the other?
7:25 – It is critical to look at the behavior behind the spending.
10:00 – Garrett shares an example of when he went through his own cash flow crunch. And how he got creative with date night and creating memories with his family.
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/go/?p=wealthlabs&w=wwrd-wl
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
A part of Cash Flow Banking is Cash Flow Insurance. typically take 3-5 years to hit a break even point, but is there a way to get there faster with a lump sum? Today, Amanda and I on this Ask The Money Nerds segment of the Wealth Labs Podcast are going to explore this concept as well as give you things to look out for when have a policy designed for yourself!
Interested in learning more about Cash Flow Banking?
Visit: https://cashflowbanking.com
Time Stamps
1:20 – From Chris: Can a cashflow banking policy be jumpstarted at the beginning with a lump sum, then monthly premiums there after?
1:40 – What is a Modified Endowment Contract (MEC)?
3:35 – The difference between direct recognition and non-direct recognition.
5:15 – What to look for in an insurance company to make sure you can have a policy that is structured properly and that is working for you. We share some questions for you to ask your agent.
8:08 – What are differences between an A-rated company and a B-rated company?
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/go/?p=wealthlabs&w=wwrd-wl
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
Cash windfalls can be an amazing experience to help you getting to economic independence. Today, Stolba and I are going to explore the prospects of using a cash windfall from an inheritance for investing in real estate. What should you be focusing on when considering this type of investment as well as what are the different types of real estate investing that could align with your Investor DNA.
Time Stamps:
2:55 – From Lisa: My husband and I are nearing retirement and we do not have a retirement fund. We have a small inheritance but are looking to invest it. We are currently looking at purchasing a small multifamily home to rent. Do you think this is the right arrangement for us?
3:50 – Garrett’s experience with real estate.
4:30 – Real estate is a very broad topic, here's an example of when a Roth IRA might make sense for your situation and when it might not be a goof fit.
6:00 – There are multiple ways to invest in real estate. Here are a few examples.
8:45 – Garrett's recommendations for what Sharon can do with the inheritance money.
9:40 – Garrett's concerns with Roth IRA. Take note!
10:15 – Other option beyond Roth IRAs
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/go/?p=wealthlabs&w=wwrd-wl
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
We are coming up on the biggest wealth transfer in history. Those who are in the know and have access to capital will have an advantage. So, what do you do if you don’t have a ton of liquidity, but recognize that new opportunities are ahead? If you're not sure what to do, how to protect yourself or how to profit, this is the session for you. Today, Stolba and I talk about strategies to make money on the buy and how to get creative with investing opportunities. Take a listen!
Time Stamps:
1:50 – From Taylor: I’m 23 years old and have minimal liquidity, however I am looking to capitalize on assets that may be going on sale in the next few years. I'm looking to potentially buy a business that is on sale, however I am not sure where to start. Any thoughts on what kind of seminars or people I should be looking at to learn how to do this?
3:25 – If you are thinking of investing in real estate, make sure it is a part of your Investor DNA.
4:00 – Have you heard of "pounce investing"? It's a major component in allowing people to grab distressed assets.
5:00 – Look towards partnerships to gain access to capital.
5:50 – Consider looking at building intellectual property or talking with business brokers in order to learn about an industry you want to get involved in.
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/go/?p=wealthlabs&w=wwrd-wl
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
Do you feel like you are behind on your finances and setting up for the future or do you feel it’s too late for you? Did you think you would be further ahead, but there have been surprises and set-backs that have been hard to overcome? In this episode, Amanda and I answer Sharon's question. We are all in store for financial surprises, but the good news is with the right planning and information they don't have to derail you. If you are ready to start building the right foundation, today’s Ask The Money Nerds segment of the Wealth Labs Podcast is for you!
Time Stamps:
2:50 – From Sharon: I have a pension that is worth $36k, however, I am also behind paying my taxes which has caused a lean of $16,000 on our house. We are looking at building up our 6 months’ worth of cash reserves. Should we wait till we negotiate an offer with the IRS before we take the money from the pension to help fund our 6 months of living expenses?
4:20 – Important financial habits to cultivate
6:10 – A few thoughts on what to do before investing in multifamily properties, so you are prepared to win!
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/go/?p=wealthlabs&w=wwrd-wl
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
In today’s Ask The Money Nerds segment of the Wealth Labs podcast, Stolba and I break down a question from Trevor about improving cash flow and getting access to lines of credit. So if you have more than one loan and are looking to shave a third of the time it normally takes to pay it off or you want to get the best interest rates, this episode is for you!
Time Stamps:
1:26 – I am working to free up cash flow and lines of credit to improve my credit score to get better interest rates in the future on loans and insurance as well as save cash for some small investments that I am interested in.
1:50 – Trevor’s Cash Flow and loan situation outlined
3:20 – Looking at Trevor’s loans through the lens of the Cash Flow Index
3:45 – The 3 R’s: Restructure, Renegotiate, Reallocate.
4:30 – Different ways to improve your credit score
8:10 – A typical return on an investment
9:05 – The 5 Levers to Economic Independence
11:30 – How do you go about starting a business in times where things seem a bit more uncertain?
13:15 – The Four C’s: Credit Score, Cash Flow, Collateral, Connections.
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/go/?p=wealthlabs&w=wwrd-wl
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
While refinancing a car is not as common as refinancing a house, there are several opportunities that you might have to give you more cash flow into your life. Today on the Ask The Money Nerds Segment of the Wealth Labs Podcast, we talk about how to get the best interest rates on your car loan/refinance as well as how you can use the equity in your car to free up cash flow by paying of your credit cards with a more efficient loan!
Time Stamps:
1:02 – Today's question comes in from Courtney: What is the best company to use when refinancing my car loan? When would someone consider refinancing a car loan? We're going to dig a little deeper into the question and cover some nuts and bolts of this process.
2:15 – Is a credit union over a large bank better for getting a car loan?
3:48 – What is the process of refinancing a car loan?
6:00 – When buying a car, do I take the rebate option or the zero interest rate? How car companies try to charge you interest upfront when you purchase a vehicle.
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/rockefeller-book/letter/
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
Are you wanting to make more money, but are not sure where to start or what to do? Do you ever feel that life has more to offer, that you want to make a greater impact or start doing something that is more fulfilling? Today's episode of Ask The Money Nerds is about finding a way to make more in a way that is empowering.
Get your copy of the Dream Map by visiting: https://wealthfactory.com/solution
Time Stamps:
2:03 – Today's question comes in from Juan: I want to do more with my life! I currently work as a cook and am interested in business, psychology, money and social skills. How can I identify my strengths and add value to others, so I can make more money?
3:57 – What is Soul Purpose and how can we identify it in our own life?
4:40 – A morning ritual is you creating space to discover your soul purpose. Education, exercise and enlightenment are three areas Garrett incorporates in his personal routine.
7:24 – Declare your vision! Express your intention and commitment so people know what you are up to. It's okay if it feels uncomfortable.
9:50 – How to be fully engaged but not attached.
10:45 – Identify energy drains and remove them or make amendments so you can use your reserves for YOUR contribution.
12:50 – Don't under estimate the power of self-education.
14:30 – Be careful of the thoughts, ideas, and people that you surround yourself with on a daily basis. Through media and our relationships, we are inundated with ideas about who we "should" be, so take an inventory to make sure you are surrounded by the people who are going to help you get to where you want to be.
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/rockefeller-book/letter/
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
Are you wanting to be a better investor? Do you know a distraction versus an opportunity? Or how to assess and manage risks? When is it a good time to invest? Discovering your investor DNA is the first place to start. Today on Ask The Money Nerds, Stolba and I teach you about the importance of identifying your Investor DNA so you can keep and grow your money all while protecting the downside.
For tools for figuring out your Investor DNA visit https://wealthfactory.com/scorecard
Time Stamps:
2:30 – Today's question comes in from Gary: What resources do you recommend to better assess deals, partners and business models when I am transitioning from being an under-educated employee to an independent entrepreneur, intra-preneur, and investor?
4:25 – What is Investor DNA?
5:37 – Resources to find your own Investor DNA
9:00 – The importance of Relationship Capital when you are investing in yourself.
11:30 – If someone asked, "How can I support you?" would you be able to answer them on the spot? Here's a strategy to make sure you have things at the top of your mind when someone offers to help.
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/rockefeller-book/letter/
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
Are you frustrated with your job or career? Has your income been impacted by the economy? The notion of trading time for money robs us of the true value that we have the potential to share in the world during our lifetime. Today on the Ask The Money Nerds segment of the Wealth Labs Podcast, we have a question from a young father that is looking for more. Garrett shares his favorite formulas and practical applications so you can move from despair to hope and from a place of feeling stuck to a place of creation.
Time Stamps:
2:20 – Today's question comes in from Anthony: How do I make more money?
3:19 – Why it’s important to recognized that trading time for money is not going to get you ahead.
4:30 – Create a massive vision for your life.
5:45 – The importance of mental capital
6:50 – If you want more financial capital, it's a byproduct of two other forms of capital, one of them being mental capital.
9:20 – Creating relationship capital. This is a game-changer!
10:55 – Understanding the power of pre-selling, also known as Win Then Play.
12:20 – Turning an idea into a concept with the Cycle of Creation.
15:00 – Be aware of escapisms--the activities and behaviors that keep us from doing the things we really want to do.
17:30 – We're often told to manage our time in order to get things done, but have you considered the concept of "energy management" and it's impact on your day?
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/rockefeller-book/letter/
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
Do you want to know how to get ahead if you have credit cards, student loans or other payments that are weighing you down? In today's episode we have a question from someone who is wanting to invest, but at the same time has an interest rate of 24% on a credit card. We have a number of options to help solve this problem, so listen in to learn about the formulas and strategies that will help you fine tune your financial life.
Time Stamps:
1:54 – Today's question comes in from Sylvia: I'm trying to figure out what I am doing with my business credit card. I have a balance of just over $9k with an interest rate of 24% and I no longer have the business. I have enough cash to pay it off, however I am trying to build up enough cash to buy a mobile home park in the next 3-6 months. What should I do?
2:30 – Explore the new Net Operating Loss (NOL) Rules
2:52 – Visit MissingMoney.com to see if you have any money that is rightfully yours.
3:10 – Consider doing a balance transfer, but pay attention to these considerations first.
4:18 – Calculate your Cash Flow Index and the Investment Index
6:00 – The difference between the Debt Snowball and Garrett's Cash Flow Index strategy.
9:20 – Does the Net Operating Loss (NOL) apply if a business recently closed?
10:20 – Understanding the Cost of Money and how to get better interest rates on your credit cards.
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/rockefeller-book/letter/
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
We have all been told that you should never touch the money that you have “saved” away into a retirement plan. But what if you life has gone sideways and you are struggling to pay the bills? On Today’s Ask The Money Nerds we are going to be tackling this question and our answer might surprised you!
Time Stamps:
1:47 – Is it reasonable to dip into my 401k to catch up on bills that went behind during a brief lapse between jobs?
2:15 – There is currently no penalty for invading a retirement plan in 2020
3:10 – Why you need to take care of yourself today
4:24 – You are your greatest asset
6:45 – Once people start paying themselves first, what are the biggest break throughs have you seen in other people?
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/rockefeller-book/letter/
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
Your credit score influences more than just the amount of money you can borrow. It can affect your interest rates, how much you pay for insurance and can limit the amount you are able to borrow. Today on our Ask The Money Nerd segment of the Wealth Labs Podcast, Tim, Amanda and I take a deep dive into everything you need to know about credit. How your score is calculated, where you can go to see your reports, as well as how to fix and dispute errors!
Time Stamps:
1:28 – How do I fix my credit?
1:53 – How is credit actually calculated?
2:05 – Utilization Rate defined and how it impacts your credit score.
3:45 – The second highest percentage of your credit score is determined by your payment history.
4:45 - Other categories that effect your credit score but are much lower percentages of your total score.
5:45 – How to call your credit card company to request a credit limit increase without it affecting your score.
6:45 – Should you close a credit card account once you pay it off?
7:45 – Understanding what constitutes your credit score will aid you in the process of cleaning things up.
9:10 – Check for errors in your credit score
10:00 – How often is it recommended people check their credit report for errors?
10:30 – Credit reports can be obtained every 12 months from each of the 3 bureaus. Consider pulling reports every quarter.
12:30 – What to do about reporting errors on your credit report.
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/rockefeller-book/letter/
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
Amid the chaos in the markets for the past month, collectively we are trying to figure out how to get back on track. Rather than giving us advice, most media outlets are trying to get us to “stay the course” and leave our money in the volatile market. On today’s Ask The Money Nerds segment of the Wealth Labs Podcast, Aaron and I give you the appropriate steps to getting back on track with your finances so you can have more peace of mind!
If you are looking for more tax ideas and strategies visit: https://wealthfactory.com/tax
Time Stamps:
1:20 – Is it a good idea to continue investing in the markets, even with the amount of volatility that we are experiencing?
1:50 - The importance of saving money outside of the market if you don’t have a 6 months of savings already in place.
3:03 – How to get more money now from the IRS.
3:58 – What does it look like to go back and amend taxes from the last three years?
5:45 – The importance of a trailing stop loss.
8:30 – Why outsourcing your finances can create unnecessary risk and what to do about it.
11:05 – We all experience set backs in life, here's how to get yourself back on track financially.
15:18 – The stock market is volatile because it is a secondary market.
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/rockefeller-book/letter/
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
You can be the designer of your own destiny!
We are in a time where it is crucial to keep your eyes peeled for inefficiencies that are no longer serving you in your business and instead pivot to the more impactful ways of serving your customers. In today’s episode of Ask The Money Nerds, I am joined by Allison Maslan THE foremost expert in pivoting and scaling businesses. Listen in as we walk through some of her recommendations on how to navigate the current business landscape so you can thrive!
If you are interested in learning more about the Pivot and Scale Program visit: https://pivotandscalebootcamp.com/garrett
Time Stamps:
2:45 – What are the major adjustments that business owners can consider making in the midst of the economic and health concerns our society is currently experiencing?
6:17 – Where do you have people start to pivot?
7:15 – Pre-sales can be instrumental for business growth. How does one effectively launch a pre-sale?
13:40 – Listening to your customers is critical. Here's why...
16:55 – Allison shares how she worked with her clients to be inventive before the pandemic and how she helps people move from surviving to thriving.
21:57 – Small business owners are catalyst to changing lives.
26:36 – Allison tells us about her Pivot and Scale Bootcamp!
31:30 – Why it is crucial to make space for collaboration, rather than trying to go it alone?
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/rockefeller-book/letter/
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
Today on the Ask The Money Nerds segment of the Wealth Labs Podcast, Amanda and I address a couple of different questions. First, we will give you some insights on when to consider tapping into the Cash Value of a Cash Flow Banking Policy. Then, we go over some of the strategies I have used to build out my financial team over the years so you can do the same.
Want to leverage our team? Visit https://wealthfactory.com/private to learn more
Time Stamps:
1:49 – Understanding your Cost of Money
2:10 – How to determine Your Cost of Money
4:00 - When can I utilize my Cash Value from my Cash Flow Banking Policy?
6:40 – What is the best way to build a financial team? What kind of questions do you ask to help determine if the relationship is a good fit?
7:30 – How Garrett started building his financial team
10:15 – A recommendation for keeping your entire financial team on the same page.
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/rockefeller-book/letter/
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
With the recent changes in our economy, many people are asking whether or not a 401k is the right investment vehicle for them. Today, Aaron and I explore this question and discuss some of the alternatives for you to consider, including how to determine your own investor DNA.
Time Stamps:
1:40 – What’s a good alternative to 401(k)s for employees?
1:50 – How cashflow optimization can reveal better opportunities than putting money away into a 401(k)
2:20 – Why new deposits into 401(k) aren’t effective when you are close to retirement.
3:15 – A question worth asking yourself...
4:20 – Are automatic deposits into a 401(k) really helpful?
7:10 – Other than investing in the market or real estate, what are my options?
8:00 – Examples of investing in small businesses that can generate massive returns with minimal risk.
10:15 – How do I discover my investor DNA?
12:10 – Why focus over diversification is a game changer.
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/rockefeller-book/letter/
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
Most of us don't think about cybersecurity until it's too late. With an influx in people working from home, it's time to protect yourself from the potential threats that lurk on the internet. Today’s Ask The Money Nerds segment of the Wealth Labs Podcast is all about cybersecurity. My guest today is Dr. Eric Cole, he has more than 30 years of network security experience and he's here to give you ways you can keep your personal information and your bank accounts protected!
Free Cyber Security Guide: https://secure-anchor.com/cyberguide
Time Stamps:
4:10 – Think about how much of your life is on the Internet. Are all of these areas protected?
5:10 – Be cautious of the emails you receive about COVID-19
5:45 – How to protect your digital life in the midst of this pandemic
7:30 – Ads on legitimate websites are not verified or validated from that particular company (including ads for toilet paper and hand sanitizer!), so be careful about what you click on!
9:30 – How to protect your home wifi network
12:00 – Protecting your Bank Accounts with two-factor authentication
15:15 – The importance of keeping your computer up-to-date
17:30 – Remember cybersecurity is ultimately your responsibility
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/rockefeller-book/letter/
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
What kind of lifestyle will your retirement plan provide? If you are close to retirement, does it make sense to continue funding
401k or IRA accounts? I’ve brought back Tim Cardone and Chief of Staff Stolba for today’s Ask The Money Nerds segment of the Wealth Labs Podcast. We address today's question from both a philosophical and visual standpoint. Tim reveals the true numbers with many retirement accounts through some calculations.
Time Stamps:
1:35 – I’m 56 and married with an 8 year old and I have been diligently been contributing into my IRA and 401(k). Additionally, I have 27 years left on my mortgage. What are some ideas on what I can do with my contributions? Do I roll them into another investment, pay of the house or stop making payments all together?
2:20 – Why it might be good to just pay off your house
3:45 – What if you saved the money you planned to contribute, rather than putting it into your 401(k)?
5:00 – A deep dive into the structure of 401(k) plans
8:00 – How do taxes impact the money inside 401(k) plans?
9:25 – Looking at the impact of management fees on your 401(k)
13:00 – What the numbers look like even if your employer matches 100% of your contribution
17:05 – Understanding the Cash Flow Index & The Investment Index
18:40 – Investing vs Dis-investing
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/rockefeller-book/letter/
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
Cash Flow (liquidity!) is vital to navigating turbulent times. Today on the Ask The Money Nerds segment of the Wealth Labs Podcast, Amanda and I review a clients situation and offer a few recommendations on navigating the obstacles he is currently facing.
Time Stamps:
1:28 – Thoughts on applying to for an SBA loan
2:30 – The importance of having access to cash before you need it
4:10 – Is it worth applying for one of these SBA loans given that it may require a hard inquiry on my personal credit score?
5:30 – Is it worth drawing cash from a line of credit in case my lender chooses to reduce the amount that I have access to in the future?
8:10 – Is it worth using a credit card to buy time and float cash?
9:00 – We are needing to repair our roof since it is starting to cause interior damage. I am considering doing a finance option with Paypal at 0% for six months and then doing a balance transfer with the remaining amount to a credit card. I am concerned about how the utilization rate will impact my credit score.
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/rockefeller-book/letter/
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
We have talked at length about the cash flow banking system and how to build your own bank, but what can you do when you have established some cash value inside one of these policies? Today, Aaron and I explore your options so you can efficiently access and utilize the money within your policy.
For more info about Cash Flow Banking you can visit: https://cashflowbanking.com
To get your free copy of What Would The Rockefellers Do visit: http://freewwrd.com
Time Stamps:
0:58 – What should I do with my whole life policy? And can I use it to fund other investments?
1:34 – Why you might not want to take a loan against your policy too early.
1:45 – Do these policies fluctuate with the market?
4:30 – If you don't have a whole life policy right now, this is where you can start...
7:00 – What is a Modified Endowment Contract (MEC)?
9:15 – Where do most companies/banks keep their cash?
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/rockefeller-book/letter/
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
In moments of distress how much cash is good to have on hand? In the midst of turbulent times, which banks are the most stable? On today's Ask The Money Nerds segment of the Wealth Labs Podcast, Chief of Staff Stolba and I give you some guidelines that you can follow to give you some peace of mind in the midst of these changing times.
Time Stamps:
1:10 – Should I pull cash out of the bank or out of my Cash Value Life Insurance policy?
1:35 – Why there may be issues with regional banks
2:55 – Make sure you have cash flow and access to capital
3:30 – How much cash does it make sense to have on hand?
5:25 – How much money should you have at home vs in a bank?
6:00 – How do changes in interest rates impact people?
8:13 – Why focusing on your investor DNA is a good idea
9:30 – Focus on what you know and what YOU can control
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/rockefeller-book/letter/
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
In the past few week's the markets of dropped over 20% and unemployment is on the rise. Today's question on Ask The Money Nerds comes from a concerned investor who isn't sure if she trusts the market and she is worried about the tax implications of pulling out funds from a portfolio that she inherited. Listen in as we share our thoughts on her situation!
Time Stamps:
1:20 – I inherited a $300k portfolio that is currently invested in the stock market and I don’t understand it or trust it as a retiree living in Southern California. I’m afraid to pull out the money due to the tax implications. What do I do?
4:16 – Visit https://wealthfactory.com/private to get in touch with a wealth strategist
4:30 – When money is inherited, there is a provision called a "step up in basis". Here's what that means.
5:20 – What is investing?
6:00 – How institutions perform risk management
7:00 – How funds make money with minimal risk
8:15 – It's time to figure out where you are going to invest. Identify your Investor DNA to determine what is a good investment for you and your personal situation.
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/rockefeller-book/letter/
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
It can be difficult to remain productive in times of uncertainty. Fear can get the best of us at times, but by making a few small tweaks you can move past fear and into a place of creation. Today, on Ask The Money Nerds we share some strategies you can use to stay focused on big ticket items and how to find A-players for your business.
Time Stamps:
1:12 – How do you find and hire A-Players?
1:50 – Read the book, Wizard of Ads by Roy Williams
2:20 – How to be specific with your job postings to attract A-Players
4:00 – How to approach your friends and colleagues when you are looking for specific talent
4:40 – How much more valuable is an A-Player vs a B-Player?
7:30 – How do I get more organized and create more time for what’s important when it feels like my business is running me?
8:00 – Questions to ask yourself at the end of every day
9:22 – How to structure tasks and when to do them
10:15 – Saying no more than you are saying yes
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/rockefeller-book/letter/
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
The stock market is difficult to predict and the number of variables that can influence the price of any given stock will probably make your head spin. The level of complexity is massive. So, do you think you have what it takes to time the market? To know when it is on sale? Is it a good idea to put in additional funds when the market dips? Is it worth the risk? Today, on the Ask The Money Nerds segment of the Wealth Labs podcast, we discuss these questions so you can decide for yourself.
Time Stamps:
1:10 – From TK: We are often told to buy when the market is “on sale”. Should I put more money into my Vanguard account during this time?
1:45 – What is Dollar Cost Averaging?
2:20 – Is it possible to time the market?
3:30 – Factors that make it difficult to time or predict the stock market
6:50 – The flaw with most mutual funds
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/rockefeller-book/letter/
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
Given the state of the current economy and the multiple downturns in the market, we are getting some tough questions. Today, we take a look at the current paradigm around the 401k and whether or not this plan serves you to the highest degree.
For more resources check out https://wealthfactory.com/megakit or text the word 'wealthier' to the number 44222
Time Stamps:
1:45 – From Jason: Given the recent market volatility, is now a good time for a cash out (my 401k) given the drop in value?
2:42 – A brief history of the last few downturns in the stock market and how it contributed to creating a fragile system, that was then triggered by the coronavirus.
6:00 – Consider a Trailing Stop Loss
8:15 – Are retirement plans hurting people's retirement experience. Should we consider retiring the notion of “retirement” altogether?
10:45 – An investment opportunity that is frequently overlooked
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/rockefeller-book/letter/
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
When starting a business, it can be difficult to know how much money to put towards business development and debt reduction without hindering cash flow. In today’s Ask The Money Nerds segment of the Wealth Labs podcast, we answer Alissa's question. Together we explore this cash flow dilemma and give you some practical ideas you can implement to navigate this situation or a similar one so you don’t starve your business.
For more tax resources visit: https://Wealthfactory.com/tax
Time Stamps:
1:10 – From Alissa: My income is limited and I am looking at contributing to my retirement savings, however, I have a fair amount of student loan debt and between debt, retirement and savings I am not sure where to put my money.
1:48 – Cash Flow Index Explanation
2:20 – Ideas to increase business income
2:50 – How people, processes and procedures can be your best retirement plan.
3:30 – Business Wealth vs Personal Wealth
5:00 – Ideas to help you free up some cash
6:55 – Where does Economic Independence come from when you own a business?
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/rockefeller-book/letter/
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
Do you have cash and don't know what to do with it? Whether you have a surplus of cash in your business or you have been diligently saving or have inherited some money, we want to help you find a place to grow the money you have on hand. Unfortunately, there isn’t a magic product on the market to get guarantee returns. Today, we explore some of the different options you can use to grow your money!
Time Stamps:
1:30 – I’m 70 Years old with no debt, however I have a fair amount of cash on hand. I’m not interested in starting another business, but am looking for a place to create a good return.
2:45 – Family Lending
3:30 – Annuities
4:30 – Bond Ladders
7:00 – Differences between investing and disinvesting
8:15 – What is a capital lease?
9:00 – How do taxes apply to inheritances?
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/rockefeller-book/letter/
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
When it comes to planning for your retirement, is there a gap between where you are and where you want to be? Are you trying to determine if you’ll have enough money or when the best time to retire will be? We have a detailed and thoughtful question from Linda on today’s episode of Ask The Money Nerds.
Time Stamps:
1:25 - Can we retire yet? My husband and I are both 57 years old and we are ready to ditch our high stress corporate jobs.
2:24 - 57 is young! Maybe retiring from the corporate job is the right thing to do. Maybe retiring into something else that you still had control over the income.
2:54 - Addressing concerns about inflation. $100,000 now won’t spend like a $100,000 ten years from now because inflation confiscates wealth.
5:34 - A luxury once enjoyed becomes a necessity!
6:03 - How to put all the pieces together: social security, taxes and investment income.
8:29 - Income Smoothing— Conversion to a Roth on the IRA and 401k during the first year of retirement.
10:15 - Garrett’s thoughts on why he doesn’t feel comfortable with retirement. Here are 3 reasons why...
11:47 - Do you have a permanent death benefit? If so, and you pay off your mortgage, it can be used as collateral to reverse the mortgage to receive tax free access to the cash.
13:00 - freewwrd.com for a copy of Garrett’s book, What Would the Rockefellers Do?
14:48 - How you can protect the downside to address the fear of not having enough money.
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/rockefeller-book/letter/
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
Teaching your kids about the world of money and finance can feel daunting. It's not often a part of conversation and the complexity often overwhelms us. On today’s Ask The Money Nerds segment, we have a question from a parent about how to start an investment account for a teenager. Amanda and I go through several options for parents that will help them find success in their investing journey!
For tips on hiring your kids within your business visit: https://wealthfactory.com/hiringyourkids
Time Stamps:
2:07 – I’m interested in setting up an investment account for my 15 year old, what’s the best product to do so?
3:30 – Why I use Cash Value Life Insurance on my kids
5:30 – Why I am not a big fan of 529 Plans
8:00 – Concerns if you get involved with too many types of investments
8:50 - Build your child's financial IQ
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/rockefeller-book/letter/
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
There are a lot of different thoughts around financial strategies and where you put your money. Today, I have Tim Cardon with me to take a look at one of Dave Ramsey’s hallmark strategies around insurance. Should you simply buy term and invest the difference? Or is there a better strategy? Lets take a look!
To get your free copy of What Would The Rockefellers Do - Visit: http://freewwrd.com
Time Stamps:
1:24 – Let's run some numbers by comparing a whole life insurance product to term insurance while investing the difference.
2:20 – There's more to the story
3:50 – Looking at the average rates of returns in the market compared to the 8% average that is most frequently quoted
6:00 – The difference between what most people quote as the actual rate of return of the market vs the real rate of return of the market over the past 20 years
7:33 – Tim & Garrett take a deeper look at a properly structured Whole Life policy with the parameters that our commenter gave.
10:15 – Looking at the buy term and invest the difference strategy
15:41 – Results of the buy term and invest the difference strategy
18:00 – Full comparison of the 2 strategies
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/rockefeller-book/letter/
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
Not all of us start getting serious about our finances early life. While there are some advantages in doing so, your age isn't the largest factor. There are certain fundamental principles and methodologies when employed will work regardless. Today, I explore the things that someone starting "late" can do to still reach economic independence!
Time Stamps:
1:20 – I’m 50 Years old and I just started becoming interested in personal wealth. Garrett, what would you do if you were starting this journey a bit later in life?
2:35 – Things to do financially, no matter your age
3:35 – The difference between schooling and education
4:30 – Why age is less of a factor in today’s world when looking to build wealth
5:35 – What does it mean to be Economically Independent?
7:20 – How to find your Economic Independence Number
11:30 – Myths of Compound Interest
13:30 – The Cost of Money
10:15 – The Cash Flow Philosophy
17:30 – How to make money on the buy
19:15 – Here's how your investment can have positive cash flow on day 1
21:45 – Treat real estate like a business, not a hobby
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/rockefeller-book/letter/
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
Developing our mindsets and shifting paradigms is a process. Each of us have ups and downs in life and how we approach the hardships can make a significant difference. On today’s episode of Ask The Money Nerds, Stolba and I talk through some of the processes that I use to stay in abundance during plateaus or moments of hardship. Start you day in a way that creates a shield of abundance around you. Listen in to learn more!
Time Stamps:
1:10 – How can I think like You (Garrett) more naturally?
2:32 – Where Garrett first started to learn about the importance of mindset
3:50 – My take on having a morning ritual (The Producer Power Hour)
5:05 – The 3 keys to a Producer Power Hour
7:00 – What to do if you feel you are trapped in scarcity
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/rockefeller-book/letter/
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
Is the current volatility of the stock market filling you with fear? Is it keeping you up at night? Maybe you are starting to second guess your 401k as an investment. With the rising concerns and questions about what do, we wanted to chime in with some insight. Today, I have Tim Cardon and Amanda with me to discuss the market and give you some solutions to help you navigate these volatile times.
Time Stamps:
2:00 – What has happened in the market over a period of 15 days
3:30 – If you had $50k in your 401k account, this is the impact the market had on your money in just 15 days.
5:25 – What was the loss per day and why did the value drop so dramatically?
6:50 – Why losses impact you more than gains
9:02 – What the impact of volatility is on your rate of return
11:20 – The history of 401k's
13:20 – What are the solutions for dealing with the volatility of the current markets?
15:10 – Why do money managers still quote that the market sees an average of 10% returns every year?
18:00 – What are other alternative investments and how do their rates of return compare?
25:10 – What is an arbitrage opportunity?
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do? - https://wealthfactory.com/rockefeller-book/letter/
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
"Live within your means" is a common adage we often hear and it's closely connected to the budgeting mindset. What if you sought to expand your means, rather than shrink your money? On today’s Money Matters segment of the Wealth Labs podcast, Tim Cardon and I walk you through our strategies on how to be more efficient with your money so you can live an abundant life!
Time Stamps
1:00 – Four I’s of Efficiency
2:20 – Why budgeting sucks and often leads to guilt
3:05 – One instance when budgeting might make sense
3:35 – How to become more efficient with your money
7:18 – Ways to expand your means
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do? - https://wealthfactory.com/rockefeller-book/letter/
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
Today’s question for our Ask The Money Nerds segment comes from a savvy college student who is interested in starting his investing career early, but isn’t sure if putting his money into the market is the right thing to do given the current economic landscape. Listen in as Amanda and I talk through a few options For Zach to consider before he makes an investment in the stock market.
To Get Garrett’s New Book Budgeting Sucks Visit: https://Budgetingsucks.com
For More About Cash Flow Banking Visit: https://cashflowbanking.com
Time Stamps:
3:05 – I’m in college and I know investing is important but I’m not sure investing makes sense given the current landscape of the market. Should I wait to invest?
5:10 – The rewards of investing in relationships
6:45 – The importance of investing in yourself first
9:05 – Some of the problems with mutual funds
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do? - https://wealthfactory.com/rockefeller-book/letter/
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
You are your greatest asset! How can you live a quality life now, rather than waiting for retirement? Is there a healthy percentage of ones income to dedicate towards life experiences? Today’s Ask The Money Nerds segment, hits home as Amanda and I walk through how to live life today rather than waiting for retirement. Learn how I used to live a miserly life and how I was able to break free and create a life I love!
Time Stamps:
2:35 – How does the allocation of personal funds for retirement change for those who plan to retire late or never retire? Is there a healthy percentage of ones income to dedicate towards life experience?
3:30 – What is Economic Independence?
3:50 – 5 Levers to reach Economic Independence
6:08 – The switch for Garrett that made him think more about quality of life
9:45 – Garrett’s practical ways of living wealthy
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/rockefeller-book/letter/
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
When you think about your monthly expenses, do you get a pit in your stomach? We've been trained and educated to believe that if we eliminate there will be more for us. There are different types of expenses, so the question is, do you know which ones to decrease, manage, address or increase?
Today, Tim and I give you a bit of relief and let you in on a little secret... not all expenses are bad! On this Money Matters segment we will reveal the 4 types of expenses so they no longer have to rule you or take away your joy.
Time Stamps:
1:38 - What are Destructive Expenses?
3:03 - What are Lifestyle Expenses?
5:43 - What are Protective Expenses?
7:09 - The Holy Grail of Expenses - What are Productive Expenses?
10:35 - Understanding Value Based Spending
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/rockefeller-book/letter/
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
I am making more money, now what do I do with the extra cash? What is the best way to start saving for the future using business profits? Other than a business savings account, is there a better place to hold money? On today's Ask The Money Nerds segment, we give you a few options to consider as you find the best fit for your financial situation.
Resources to set up a Corporate Owned Life Insurance Policy or Personally Owned Policy: https://cashflowbanking.com
Time Stamps:
2:08 - What are some options for saving your business profits?
2:45 - Why it is critical to have money set aside in a War Chest.
3:44 - One downside of letting profits accumulate in a War Chest if you have an LLC or S-Corp
5:20 - What is a Captive Insurance Agency?
7:30 - How often can you to put money into a Cash Flow Banking Policy?
8:05 - How often can you put money into a Captive Insurance Company?
10:00 - What is a Paid Up Addition (PUA)?
13:42 - Proceed with caution when choosing Captive Insurance
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/rockefeller-book/letter/
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
Mortgages are a controversial topic. How and when do you pay off your mortgage? Some life situations, like divorce can add a layer of complexity, like it did for Lynn. In today's episode of Ask the Money Nerds, Garrett and Amanda offer some guidance on how to handle an equity buyout payment and they discuss whether or not it's a good idea to use money in a savings account to pay down a mortgage. Take a listen!
Time Stamps:
1:40 – Why Garrett chooses to keep a mortgage on his house
2:40 – How history has shaped why so many believe a mortgage needs to be paid off quickly
4:00 – Should I consider selling my home given my current financial situation or do I have other option?
7:00 – Options for paying off a mortgage
7:30 – Why you might consider selling the home
9:55 – Should I use my savings to pay down my mortgage?
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/rockefeller-book/letter/
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Economic Independence is about creating a life that you get to live on your terms, by focusing on Cash Flow rather than accumulation. On Today’s Money Matters segment of the Wealth Labs Podcast, Dale and I are going to be explaining what it means to be economically independent and the framework to get you there!
Time Stamps:
1:35 – How to achieve Economic Independence
3:02 – The platforms many American’s use to become economically independent
5:30 – What can life look like when you reach economic independence?
8:00 – The framework of creating economic independence
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/rockefeller-book/letter/
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
Feeling broke or like you are working really hard to get ahead and it's just not happening? Are your side-hustles not getting you where you want to be financially? If so, then today’s Ask the Money Nerds episode is for you!
Get your copy of the soul purpose worksheet @ https://wealthfactory.com/solution
Time Stamps:
0:59 – “I’m looking to find money to build my own wealth capture account”
2:45 – The importance of having a Wealth Capture Account
3:50 – What is the Cash Flow Index?
7:00 – Renegotiating a lower interest rate on a credit card
11:15 – How to be more resourceful
12:00 – The 4 personas that limit production
13:20 – The 4 personas of value creation
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/rockefeller-book/letter/
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
There are 4 C’s to boosting your cash flow. In today’s Money Matters segment of the Wealth Labs Podcast, we look at the first C--Credit. How can you improve your credit score and get access to better interest rates which will in turn boost your cash flow? This is the very question Tim and I discuss today.
Time Stamps:
2:20 - What Warren Buffett’s Credit score might look like
3:10 - How Credit Utilization rates impact your score
4:25 - How individual inquires impact your score
10:20 - How errors on your credit score impact your credit
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/rockefeller-book/letter/
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Gone are the days where you pay off your loans and credit cards in a haphazard manner while crushing your cash flow! On today’s Money Matter’s segment of the Wealth Labs Podcast, Dale Clarke and I give you our secret recipe for paying your loans off intentionally and in a way that improves your cash flow!
Time Stamps:
1:25 - The 4 different systems people use to tackle their debt
4:50 - The Cash Flow Index System
7:45 - Different ways to restructure loans to improve your Cash Flow Index
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/rockefeller-book/letter/
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Reallocation of money is a powerful strategy because it has the potential to create guaranteed returns. In today’s Money Matter segment of the Wealth Labs Podcast, Tim Cardon and I walk you through the strategies that we use to reallocate our money and save big on interest costs and free up cash flow!
Time Stamps:
0:54 - Reallocating a Certificate of Deposit to pay off a loan
3:50 - The reason I don’t typically take a loan from a qualified plan
4:50 - Example of an intra-family loan
7:55 - How to calculate a rate of return on your reallocated asset
8:50 - External vs Internal Rate Of Return
10:30 - Keeping relationships in tact when there is an intra-family loan
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/rockefeller-book/letter/
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
There have been a bunch of different studies on millionaires over the years. On Today’s Money Matter Segment of the Wealth Labs Podcast, we want to talk about the key traits of millionaires that you need to have to become one of them!
Time Stamps
1:50 – Steps to becoming a millionaire
2:20 – Make More Money
4:50 – Key Habits of millionaires
10:30 – Why you should care about the details
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/rockefeller-book/letter/
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
In today’s Ask The Money Nerds segment, we tackle the question of building a personal brand for your business to elevate yourself from a 1-to-1 model to a 1-to-many model and different ways you can approach it!
Time Stamps
1:00 – More stories and examples of people and industries where their business is more focused around personal names
2:49 – What can you do to improve your industry?
4:10 – How does personal brand apply to someone who owns a practice?
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/rockefeller-book/letter/
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Have you ever thought about how you might save on interest and put that recaptured cash flow back to work for you? On today’s segment of Money Matters, we give you some strategies to secure better interest rates on your loans and credit cards to free up money and increase your cash flow. By renegotiating or refinancing your loans you can pay less to the institutions which means you can reach economic independence even faster.
Time Stamps
1:30 – How to lower your credit card interest rate
2:15 – Tips on how to ask for a lower interest rate
2:50 – Streamlined Refinance defined
4:50 – Are there are ways to refinance a student loan?
6:05 – If you are going through tough times, does it make sense to have to pay upfront for credit repair or hardship loans?
7:30 – Refinancing other assets to bring down higher interest rate loans example
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/rockefeller-book/letter/
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
On today’s Ask Then Money Nerds episode, we answer a very specific, yet relevant cash flow question. We take a look at a scenario from one of our listeners about her options for paying for her college tuition. Take a listen to learn about her best option from a cash flow perspective.
To get my book on Cash Flow Banking visit: https://freewwrd.com
To learn more about setting up a Cash Flow Banking policy of your own visit: https://cashflowbanking.com
Time Stamps:
1:09 – Paying in Cash for a degree or taking a loan from a Cash Flow Banking Policy with a 5% interest rate
6:10 – Why is taking the Loan probably the best option for this person
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/rockefeller-book/letter/
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
With all the marketing gurus and tactics out in the world, we have come to believe that marketing is about process and scripts. On today’s Money Matters segment of the Wealth Labs Podcast, Demi and I talk through the importance of Soul Purpose Marketing and how your authentic self can be one of the best filters to find new clients!
Time Stamps
0:39 – What is the power of Soul Purpose in your marketing?
1:55 – The importance of finding YOUR people
2: 50 – The power of being specific with your audience
5:10 – Why it is important for you to find and use your voice
8:46 – Finding your “Why” with a partner
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/rockefeller-book/letter/
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
Credit card interest can be one of the most destructive forces in your life. On today’s episode of Ask The Money Nerds, we answer your questions on credit card debt and how to think through making these destructive interest rates more manageable to create cash flow today!
Time Stamps:
1:14 – How do we pay off our credit card debt?
4:50 – How do you refinance a car loan to pay off higher interest credit cards?
5:20 – Understanding the cost of money
9:40 – Should I use Dave Ramsey’s strategy for paying off debt?
10:50 – Looking at the three R’s to improve your loan situation
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/rockefeller-book/letter/
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Navigating the financial waters of life on your own can be frustrating and that is why we recommend you look at creating a comprehensive financial team. Today, we explore the key people to have on your team and what key questions you should be asking to determine if they are a good fit for you and your business!
See if you are a good fit for our virtual family office - https://wealthfactory.com/private
Questions to ask your tax team - https://wealthfactory.com/tax
1:59 – Who should I have on my financial team to make sure my money is working for me?
7:18 – What are the best questions to ask your tax professional?
10:54 – How do you know your accountant is staying up to date with understanding the current tax code?
15:50 – How do you know you have the right financial advisor?
19:13 – Who are the key people that should be on your financial team?
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/rockefeller-book/letter/
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Vision is in my opinion the rarest commodity in the world. Today, I am excited to be talking with our Wealth Engineer, Demi McConkie about vision and how it can truly impact your life!
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/rockefeller-book/letter/
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!'
Most people who are trying to improve their lives, look toward setting goals, but the majority of goals that are set very rarely get accomplished. Today, I share my structure for creating a vision that will compel you to accomplish more in your lifetime than what you'd be able to do when solely focusing on quarterly or annual goals and objectives.
Resources: https://wealthfactory.com/megakit
Time Stamps:
2:15 – What is Vision?
8:58 – How do you create an audacious vision?
16:45 - What does vision have to do with money?
18:25 – How can I increase my financial literacy?
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/rockefeller-book/letter/
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
Today we chart some waters that we haven’t voyaged much here on this channel and that is in the areas of business structure, managing taxes depending on what type of structure your business is, and whether or not you should consider borrowing to fund equipment for your business!
Time Stamps:
1:17 – What are the different types of partnerships?
6:09 – A business partner is getting hit much harder in taxes; why might that be?
8:00 – Garrett’s Tax Framework
12:30 – Does it make sense to borrow to purchase equipment for my business?
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do? - https://wealthfactory.com/rockefeller-book/letter/
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
One of the most frequent questions that I get asked is “Should I pay off my loans or invest?" In today’s Money Matters segment of the Wealth Labs Podcast Dale Clarke and I answer this question and show you how not to miss out on the opportunity to let your money grow while paying off loans!
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/rockefeller-book/letter/
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
In today’s Ask The Money Nerds segment of the Wealth Labs Podcast, we are taking a look at the business owner side of Cash Flow Banking, benefits and compensation. As an employer, what kind of plans could you be implementing to truly help the financial wellness of your employees and create a productive environment!
Time Stamps:
1:03 – Is it an option to obtain Cash Flow Insurance for your employees through your business?
3:16 – What are the benefits to the employee?
4:45 – Can Cash Flow Banking be an alternative to offering your employee’s a 401k?
7:00 – Alternative ways to support your employees, rather than offering a 401k.
9:00 – What’s your currency?
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/rockefeller-book/letter/
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
We're having a lot of fun talking about 401k’s on this week's episode of Ask The Money Nerds. Garrett, Amanda and Ryan's banter will keep you entertained, as they dive deep into weeds of your questions about 401k distributions and cash outs and the financial lingo that is often confusing.
Time Stamps:
1:40 - How distributions from a 401k affect student loan payments
3:30 - I have a 401k and am thinking about rolling it over, any thoughts on what I should do with it?
9:40 - When someone is ready to cash out of a 401k, what does that process look like?
12:50 - Things a 71 Year Old who is looking to start withdrawing from her 401k should consider.
16:20 - Different provisions for cashing out of a 401k
23:40 - What is a Money Market account?
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/rockefeller-book/letter/
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Get Your Copy of What Would The Rockefeller’s Do? by visiting - http://FreeWWRD.com
In today’s Money Matters segment of the wealth labs podcast, Dale Clark and Garrett are back to talk about the fundamentals of Cash Flow Banking. Learn how to fund these policies, and how to utilize them throughout your life to cut out the banks and get a better rate of return on your cash!
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/rockefeller-book/letter/
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
On today’s Ask The Money Nerd episode of the Wealth Labs podcast, we are going over Garrett’s "Never Fail Me" strategy, the Rockefeller Method. Tune in as we answer some of your questions around this concept and some insights on how to implement this strategy!
Time Stamps:
1:00 - How to get your family on board with creating a Family Bank
3:00 - What does “buying your net worth” mean?
4:50 - Get your copy of, What Would the Rockefeller Do? at http://Freewwrd.com
7:15 - Are there any contracts needed in order to make sure the system works?
11:11 - When is a family ready to initiate a Family Bank?
11:38 - When does it make sense to do Corporate Owned Life Insurance?
13:10 - What kind of Insurance companies should you look for
15:15 - Have you ever worked with someone that has tried to incorporate siblings into their family bank?
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/rockefeller-book/letter/
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
On today’s Ask The Money Nerd segment, we go deep into some of the most frequent questions we have been getting on 401k plans such as: Do I maximize my employers match? Should I be funding a 401k? How do I get out of my plan and what are my options? All this and some great examples in today's episode, enjoy!
Time Stamps:
1:30 – Should I be funding my 401k above and beyond the Employer match or should I be doing something else with this money?
10:27 – How do you figure out what kind of fees are in your 401k?
12:00 – What should you do in the transition period if you are considering not funding your 401k?
16:30 – If I want to liquidate my 401k, how can I do that?
21:30 – Opportunities for Tax Offsets when liquidating a 401k/IRA
26:30 – Why it is generally NOT recommended to own real estate within an IRA or 401K
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/rockefeller-book/letter/
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
This week, Tim Cardon and Garrett are going to look at the opposite side of the cashflow index coin and go deep into the Investment Index. This is how the banks evaluate their investments, so why aren't we evaluating them the same way? Enjoy this week's episode of the Money Matters Segment of the Wealth Labs Podcast!
0:30 - How we are told to think about investments
2:00 - What is arbitrage
3:35 - Comparing the Cashflow Index to the Investment Index
5:58 - How to determine your investment index
9:10 - How the banks protect their investments
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/rockefeller-book/letter/
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Want to get your financial questions answers? Submit your questions at https://askthemoneynerds.com to get your questions answered on an upcoming episode!
Today's Ask the Money Nerds segment is all about your questions on investments, that is why we have brought in our resident investment adviser Ryan O'Shea. Listen in as we discuss about trailing stop losses, what to do with IRA & 401ks, and where to put your extra money.
Time stamps:
1:30 - and I set up a trailing stop loss with low cost index funds through Vanguard for my IRA or HSA
4:00 - Should I give my $150k IRA that is getting 1% interest to a financial adviser?
7:30 - should I take the money that is left over to invest into my business or pay off my house in full?
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/rockefeller-book/letter/
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
On this week's Money Matters Segment of the Wealth Labs Podcast, Tim Cardon and Garrett go over how to utilize the Cash Flow Index strategy to pay off your loans. You will not want to miss today's episode if you're interested in learning about the optimal way to pay off your loans. This will help you each economic independence sooner!
Time Stamps:
1:59 - What is the Cash Flow Index?
3:20 - The shotgun approach to paying your loans off
4:30 - Example of using the Cashflow Index to pay off 5 loans
6:30 - The 90 Day debt delay strategy
8:28 - The importance of building savings & liquidity
10:00 - Debt to income ratio discussion
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/rockefeller-book/letter/
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
On today's Ask The Money Nerd segment of the Wealth Labs Podcast, we bring on our resident investment nerd Ryan O'Shea to discuss options for IRAs and go through a couple of scenarios that you inquired about on https://askthemoneynerds.com.
Time Stamps
2:15 - Mortgage refinance options, what options do I have for my IRA
4:10 - Thoughts on Self Directed IRA or IRA conversion
5:50 - Should I access Money in my IRA to pay off credit card debt?
10:00 - How to set up a Wealth Capture Account
11:05 - What are Financial Advisors recommending to invest in when interest rates drop
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/rockefeller-book/letter/
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Welcome back for another segment of Money Matters on the Wealth Labs Podcast. Demi is back for another round on finding your Soul Purpose and how to deal with Monkey Mind. If you haven't heard of this, then you will want to listen in and find out what it's all about!
4:30 - Thoughts on perfection
9:10 - What is keeping you from showing your Soul Purpose
11:10 - Why you should stand out from the crowd
14:30 - What it feels like to just "fit in"
16:28 - What is "Monkey Mind"
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/rockefeller-book/letter/
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Finding your purpose can help unlock some much abundance and income in your life! In Today’s Sacrifice Shrugged segment, Garrett and Patrick start with a discussion on value creation,
and what life can look life when you create a vision and find your true purpose.
Time Stamps:
2:00 – How do I Create Value?
2:30 – Finding your identity
5:00 – The miss-information around Capitalism
6:50 – Patrick’s Experience with taking responsibility of his finances
13:30 – How Spirituality and Money Relate
15:00 – How do you create more Wealth
18:00 – The Power of Purpose
19:50 – Stories of People with Purpose
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/rockefeller-book/letter/
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
In today’s segment of Sacrifice Shrugged, Patrick and Garrett discuss a few topics that are currently up for debate in the current political sphere, specifically the concept of universal basic income and the pros and cons it might have on society. They also get into a wide range of other topics that are quickly becoming a reality through the advancement of technology. Enjoy!
0:45 - a debate on Universal Basic Income (UBI)
10:39 - the 3 key values to stay productive in the future
19:45 - technologies influence on education
25:00 - why language matters
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/rockefeller-book/letter/
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
Today's Ask The Money Nerds segment of the Wealth Labs Podcast hits a wide range of topics. We discuss, places where you can get a mortgage, what to do with money sitting in a savings account, as well as how to manage things when you are almost living paycheck to paycheck!
Time Stamps
1:26 - Who is the best company to get a mortgage with for a first time home buyer?
3:10 - What to do with money sitting in a savings account
5:07 - Suggestions on what to do with high levels of debt
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/rockefeller-book/letter/
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
In this segment of Win Then Play Money Matters on the Wealth Labs Podcast with Garrett Gunderson, Garrett brings on a special guest from the Wealth Factory team to talk about a different side of money. Today, Demi and Garrett discuss Soul Purpose and how it relates to making money and why it's important to focus on discovering your Investor DNA.
7:05 - What is Soul Purpose & how you discover it
8:50 - The biggest thing that keeps people from finding their Soul Purpose
11:22 - The Importance of clarity within Soul Purpose
12:00 - The real reason why people try to move you away from finding your Soul Purpose
13:15 - The two sides of "I Don't Know"
14:10 - The best way to get inside your Soul Purpose
15:15 - Aligning with your Soul Purpose
17:00 - The best Investment you can make
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/rockefeller-book/letter/
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Want to get your financial questions answers? Submit your questions at https://askthemoneynerds.com to get your questions answered on an upcoming episode!
We have been getting tons of great questions the past couple of weeks so keep them coming! Today's Ask the Money Nerds Segment of the Wealth Labs Podcast hits a wide range of topics from retirement and making more money to life and disability insurance.
Resources:
https://wealthfactory.com/strengths
https://wealthfactory.com/tax - Guild to figure out if you have the right accountant
cashflowbanking.com - For info on Life Insurance
https://wealthfactory.com/solution - Discover your soul purpose
Time Stamps
1:14 - Best way to put together a realistic retirement plan without relying on "advisors" who have hidden agendas
3:04 - How do I know if my advisor and I are a good fit?
5:02 - Buying your own insurance policy vs. using one from your employer. Which is better?
6:58 - When do I start getting life insurance or disability insurance policy?
8:29 - What are the first steps to take in generating additional income on the journey to becoming financial independent?
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/rockefeller-book/letter/
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
In this episode of Money Matters, Garrett sits down with Dale Clarke to go over the 5 money personality types and the important traits of each. If you have never gone through an exercise to figure out your money personality type, we highly recommend you check out this episode!
Time Stamps:
4:49 - The Saver Personality Type
5:50 - The Spender Personality type
7:17 - The Giver Personality Type
8:30 - The Avoider Personality Type
9:38 - The Amasser Personality Type
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/rockefeller-book/letter/
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
On today's Sacrifice Shrugged Segment of the Wealth Labs Podcast, Patrick and Garrett go deep into the ideas and philosophies of taking responsibility for your life and the dangers of relinquishing that responsibility in the name of security. Listen in to learn how you can turn your thoughts into profits and create a life you love.
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
In this week's Ask The Money Nerds Segment of the Wealth Labs Podcast with Garrett Gunderson, Garrett and Amanda Stolba will be discussing your questions around Loans, Mortgages and how quickly you should be paying them off!
Time Stamps
1:15 - If you have debt, is it better to sell your home and pay the debt off with equity or consolidate your debt and take out a bigger mortgage?
5:02 - How should I pay off my mortgage?
10:57 - Question regarding saving in a taxable brokerage account vs. paying extra towards a mortgage
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/rockefeller-book/letter/
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Today's Money Matters segment of the Wealth Labs Podcast is all about creating your Automatic Wealth Ladder. Dale and Garrett are going to walk you through each of the steps you need to take to think about your money and set up the systems to build your wealth.
Time Stamps:
1:30 - Building Your Automatic Wealth Ladder
2:30 - How to fund your Wealth Ladder
4:20 - Your Living Wealthy Account
6:40 - Parkinson's Law
7:30 - When you should Invest
8:40 - Creating Your Wealth Creation Account
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/rockefeller-book/letter/
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
On today’s Sacrificed Shrugged segment of the Wealth Labs Podcast with Garrett Gunderson, Patrick and Garrett discuss a wide variety of topics from leaving a legacy through the experiences you share with your kids, what it means to be an entrepreneur, and what it truly means to be wealthy in life.
Time Stamps:
0:00 - Discussion on legacy and creating experiences for kids that will benefit them for life
8:37 - Is entrepreneurship something that people are born with or is it a skill that people are taught?
9:54 - The downside to entrepreneurship
15:14 - What it means to be an entrepreneur
16: 25 - Categorizing relationships
36:30 - 5 Tracks of Wealth
37:25 - Thoughts on Leisure & Rejuvenation
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/rockefeller-book/letter/
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
On this Ask The Money Nerds Segment, Amanda and Garrett answer your questions on all things real estate. From renting, to real estate Investing, they have the answers for you.
If you would like your questions to get answered, Leave a comment on our YouTube Channel (at http://garrett.live) or at https://AskTheMoneyNerds.com
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/rockefeller-book/letter/
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Student loans make up one of the largest portions of debt in America today at over $1 Trillion dollars! In today’s Money Matters Segment of the Wealth Labs Podcast, Garrett and Tim Cardon discuss several strategies that will help you manage your student loan payments and increase your cashflow. You will also get a lesson on the real cost of money, because when you buy something it’s not just about what you pay, it’s also about the opportunity cost as well.
So, sit back, pull out your notebook and let Garrett and Tim help you turn your thoughts into profits to create a life you love!
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/rockefeller-book/letter/
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Garrett and Patrick kick off this week's episode of Sacrifice Shrugged a segment of the Wealth Labs Podcast going over their own versions of the Five P's to Prosperity. They then share stories about how that foundation gave them the insights to defining their purpose.
Want to see part of Garrett’s Stand up set? Check it out here: https://vimeo.com/368728516/f424b84f4b
Garrett and Patrick also share some great projects that they are working on to bring their ideas of fun and play into their businesses to enhance their quality of life.
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!
Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/rockefeller-book/letter/
Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/
Garrett Gunderson and Amanda Stolba shed some light on your question from askthemoneynerds.com and youtube about understanding credit scores, the best places for life insurance, and what bank accounts should I have for my personal and business accounts?
Garrett Gunderson and Tim Cardon break down how student loans work and what are the best repayment methods to overcome your loan burdens
Garrett Gunderson and Patrick Gentempo break down the flawed philosophy of “making sacrifices to make money” and shed light on understanding the 3 measures of worth and how to create REAL value to grow your wealth today.