“You can’t shrink your way to wealth!” Powerful statement.

@Rosetteismyname

2 жыл бұрын

You CAN shrink your way to wealth....mindset and discipline

5 steps to financial independence: 1. recover cash- don’t overpay irs, more deductions, restructure loans, renegotiate loans, turn investments into cash flow, remove fees in your investments, eliminate inefficiency in insurance policies 2. engineer wealth- know your monthly expenses and use assets to cover those expenses 3. Accelerate investment income- cash flow with assets 4. Scale revenue- increase earnings by providing value, invest in yourself 5. Make it count- relax, rejuvenate, get rid of distractions Bonus: Get rid of consumer debt

@GarrettGundersonTV

4 жыл бұрын

Nailed it, thanks for a solid summary.

2:02 You can't dream when you are in survival 12:02 Who are you when you are at your best 13:05 When you get beyond your own survival, you can start serving others 15:01 You can get rich in 3 years but it takes work, the work begins with yourself and your mindset, then the value you provide for others. This is not about luck, it's not about saving, it's not about discipline, it comes down to one thing value creation.

Yes! I really like your energy and passion. I have a lot of changing to do with my mindset and your videos are helping to push me forward. Thank you.

This is quality information!

Always relatable and you play it out step by step.. I will be sharing thing with my Circle!!!

@GarrettGundersonTV

4 жыл бұрын

Thanks for spreading the message.

Awesome content, so happy to find your Channel 🙏

I am not one to ever leave comments. However, I would be doing myself a disfavor for not giving Garrett and his team a shout out for changing the way I think and handle my life not just my money. Mission accomplished!!! I love the person I am becoming with your insight and it so real it spills out to those around me. Thank you for this vision of helping others. And, I tried so many others Ramsey, Orman and Kiyosaki. All great info, but none of them had direct correlation to evolvement to my over all joy and passion in my life. I love how Garrett doesn't just focus on the "end"( usually retirement). He takes the time to breaks down understanding of having an abundant lifestyle. Thank you for all you do. (I just finish killing sacred cows) (Game changer)

@GarrettGundersonTV

4 жыл бұрын

Thank you for posting and sharing. So good to hear. Keep me posted.

I'm at work watching your videos because I believe you have the formula to help me finally get out of this type of living! I'm tired of the grind and I want so much more for my family!

@GarrettGundersonTV

4 жыл бұрын

I am here to help. Keep me posted.

what suggestions are there for #2. engineer wealth- know your monthly expenses and use assets to cover those expenses???

Once again, a high integrity trusted resource. Appreciate the work you all are doing. It is making a difference in the world!

@GarrettGundersonTV

4 жыл бұрын

Thanks so much. That means a ton and I really enjoy sharing and connecting with people.

YEA! GIVE YOUR MONEY!

powerful

Unbelievable insight as usual! Great stuff!

@GarrettGundersonTV

4 жыл бұрын

AHHHHHH, that is kind of you to say. I’ll keep it coming.

So good. I'm definitely rewatching this video and taking notes. It's excellent. Thank you, Garrett! I'm grateful for you.

@GarrettGundersonTV

4 жыл бұрын

Thanks so much, appreciate the comments

Would you be able to do a financial advice for people in their 20s and tips on what they should do to optimize assets and generate wealth thank you.

Really appreciate how you just explain what you are teaching rather than talking down to us in baby steps. I enjoyed listening to killing sacred cows. Surprisingly my major purpose has always been at arms reach, I just never acknowledged it’s purpose in the world. 🙏 thanks Garrett 💯

@GarrettGundersonTV

4 жыл бұрын

Thanks so much. Appreciate the feedback and LIVE YOUR PURPOSE!

Please listen to this guy! Good information and you can do this. My wife and I have been following Garrett for a few years and when "Carona" hit the U.S. we were in a very safe and strong financial situation because of Weath Factory and Garrett! Hugs from California!

@GarrettGundersonTV

4 жыл бұрын

Right back at ya. Can’t wait to go back to Italy.

Freaking awesome! Thanks man

@GarrettGundersonTV

7 ай бұрын

Glad you liked it!! Thanks for the enthusiasm.

Mental capital and relationship capital ❤️

I'm TIRED too. Just like the guy in your story

One of the best instructions

@GarrettGundersonTV

Жыл бұрын

Wow. Thank you.

Wow! Wow Garret! 👏🏻👏🏻👏🏻👏🏻

@GarrettGundersonTV

4 жыл бұрын

Thank you thank you.

Great video

@GarrettGundersonTV

7 ай бұрын

Love it. Thank you.

I love the content any tips on how to find your purpose though. Im i have some ideas but im a little lost.

@GarrettGundersonTV

4 жыл бұрын

I have a Soul Purpose series here on KZread, but it is about listening not doing, it is about intuition, not exercises. There are things to get you started and check that video series out.

Give this one to the children and share it with the Rich children to know what to do.

Read my mind exactly....

@GarrettGundersonTV

3 жыл бұрын

Nice.

That is an amazing inspiring video. THANK YOU !!!

@GarrettGundersonTV

4 жыл бұрын

Thanks so much.

I had no idea Jedi Master Qui-Gon Jinn gave financial advice!

@GarrettGundersonTV

4 жыл бұрын

Yes. Yes. Especially when I pull my hair into the ninja

Garrett, the modern day Jesus. Not his looks, but, his philosophies. Haha thank you for your value creation! Can’t wait to see what I can learn from you next.

Thanks again I really like listening to this working on this getting myself better in this

@GarrettGundersonTV

4 жыл бұрын

Awesome. Keep letting me know how you are doing and how it is going.

Hey Garrett. Awesome video. Off topic out of curiosity... What kind of camera and lens do you use for your filming?

@GarrettGundersonTV

4 жыл бұрын

Ill have to look. Services@comv.org set me up.

Post the link please.. I wasn’t able to find the video you mentioned ..

@GarrettGundersonTV

4 жыл бұрын

I’ll have to look. Sorry.

Man I'm working 120hrs a week as firefighter working two fulltime departments. I'm trying like crazy to set myself up for financial stability, because I know that I can't sustain this work lifestyle for forever. I've cut unnecessary spending back a lot and am working on paying off what little debt that I have besides my home and truck. I just have no idea how to begin investing into myself besides school that requires the two things that I don't have. Time and money.

@GarrettGundersonTV

3 жыл бұрын

This deserves a video, ask me a detailed question at AskTheMoneyNErds.com and I’ll film to see where I can support/help.

@maryhornbostel6959

2 жыл бұрын

Invest in books and read/listen while you wait for a fire call. "Think and Grow Rich", "You Were Born Rich", "The Richest Man in Babylon" are some great books and they are free audio books on KZread. How do you think this guy, and so many others, learned to be rich they read a book and added their own info to it and wrote it down. Dont wait till you have saved a milloin to start. Start with $5000 or less.

If you want financial freedom realize what is happening in the stock market...yesterday was a hedge fund correction..you really need to understand what this means. I am so glad to share this kind of information with you.

@supremeleadergeorge1277

3 жыл бұрын

What would you do if you had 100K cash today. (Sept 2020)

@duane-thesuccessking

3 жыл бұрын

@@supremeleadergeorge1277 get out of pure cash quickly due to devaluation of dollar globally. Invest 25k in prosus nv....25k in a electric vehicle mix fund holding nio, nvda, Tesla and others...and 50k in a high yield dividend index fund because of my current positions and the amount of dividend income i currently get

- Change the mindset - Learn and master at least one of high income skills - Deliver value to people in coming up with huge solutions to their hardest and most urgent problems

@GarrettGundersonTV

Жыл бұрын

Love this! Thanks for the succinct summary .

That’s how I did it in 3yrs...200k to 1.6mil mainly with rental real estate 🏠

@GarrettGundersonTV

4 жыл бұрын

Nice

@moneymaverickstv

3 жыл бұрын

Wow. How did you do that?

@kobek4159

3 жыл бұрын

Did you own the properties of just borrow your way into debt and become a landlord?

@YourboiM

3 жыл бұрын

@@kobek4159 most likely the latter

@ginalowe9103

Жыл бұрын

In 5 years through real estate investing, I went from 300,000 to 2.6 million. And I only took 45,000 out of my Fidelity account.

This was a great topic and very motivational!

@GarrettGundersonTV

4 жыл бұрын

That is great to hear. To your prosperity!

Seriously powerful knowledge you’ve given, I’m 24 years old and achieving financial freedom is all that’s on my mind. I’ve taken notes and will reflect on them often.

@GarrettGundersonTV

4 жыл бұрын

That is awesome you are learning and listening. Enjoy life along the way. Learn from these and others lessons and much as you can, but don’t beat yourself up if you make a few mistakes along the way. You will do well.

This video is above my pay grade :(

There is a LOT of info in this video 😮

@GarrettGundersonTV

11 ай бұрын

Not too much hopefully!

@tinker2217

11 ай бұрын

@@GarrettGundersonTV Lol not at all. Had to slow it down and take notes 📝

Can’t save fast enough to wealth

Three years would be nice🤑

@GarrettGundersonTV

4 жыл бұрын

Totally. Took me 9 years the first time, made some mistakes and did it over, which took about 6 years.....couldn’t lower the lifestyle. A luxury once enjoyed becomes a necessity- haha.

@Je.rone_

4 жыл бұрын

@@GarrettGundersonTV that's still not bad😁

I want to know what products you use in your hair. Hard as I try, my hair is not as bad ass.

@GarrettGundersonTV

3 жыл бұрын

Haha, I don’t use products, just genetics. I condition it daily and wash it with water every other time, then shampoo. Natural oils. Ha.

budgeting sucks website not working

@GarrettGundersonTV

4 жыл бұрын

Working now, let me know if you try it....BudgetingSucks.com

If…

This guy vs Dave Ramsey is basically Cash Rich vs Net Worth. Spending cashflow and being wealthy are not the same thing.

Where can I get your 240 page family constitution

@GarrettGundersonTV

7 ай бұрын

You can see some pages in what would the Rockefellers Do at GarrettGunderson.com/offer

too good, too truth,.. too late,.. :D

I would never take a 30 years mortgage. If I can't pay for my house in 10 years, I don't want it. My life time is more valuable than that. I can rent instead & move where my job is. Freedom over chains.

@GarrettGundersonTV

4 жыл бұрын

Great. You can pay off a 30 year mortgage in 10 years though.

@dewayneanderson8985

4 жыл бұрын

If you bought houses you could move out of them and make them rentals as you continued to move to different houses.Cash Flow is king 💪🏾

@Yodaandhislightsabre

3 жыл бұрын

The house or land never belongs to you. If you don't pay property taxes you will lose your house. A 30 year loan gives you much better cash flow, which is what you want, do you can increase your net worth and further increase your cash flow. I'm 67 years old and just took out new 30 year loans on my rentals to accumulate cash for the upcoming deals. Our kids will still get all of our properties when we die, with a reset cash basis.

@Adrian-yi8fl

3 жыл бұрын

how is rent with no ownership "freedom"? Renters pay the owner's mortgage for her.

What are Egyptian names for men

Gunderson: You can’t have car loans Me: shit

It's time for me to shrink my 26k income to wealth -if you can your right

if youre 150K in debt to the irs no body is going to lend you money to build a big practice. also its not like nobody is currently treating sleep apnea- and many many people make excellent livings being good dentists that know how to market. again- total bs.- and if you think the way to wealth is to buy other failing dental practices....whoooeeee....

Avoid big money mistakes: Never co-sign on a loan, invest in a good education, never lend money to friends or family, education before relationships & marriage, buy a Roth IRA every year, live below your means, get a library card and use it, be careful who you bring into your life, take good care of your teeth by brushing and flossing daily, avoid drugs and those who use them, have less kids, max out 401 K if your job has it, learn about investing & wealth from your library, save some money for life's emergencies, exercise and eat healthy for good health, listen to positive audio books from the library, research passive income & multiple streams of income, read more & watch less tv, be open to new ideas, always be striving for self improvement, google frugal living, pay bills on time to avoid late fees, work to improve your credit score.

@GarrettGundersonTV

4 жыл бұрын

This is a great list. Not co-signing on a loan, invest in education (especially outside of the classroom and over a lifetime), live below your means (but always seek to expand your means), read, monitor relationships, avoid harmful drugs (meth, cocaine, heroine, and the like), learn about investing and wealth (but go beyond the library there), have a peace of mind fund, take care of yourself, listen to audiobooks, research recurring revenue, be open to knew ideas, self improvement, pay bills on time, improve credit score...love all these, beautiful list. To be open to new ideas, consider this: maxing out a 401k might not be a good idea. Money is locked away, riddled with fees, likely over reliant on the stock market and doesn’t create cash flow. Roth IRA, some of the same problems with cash flow and control of investments- self directed might be an improvement, but it is still government controlled and might not always have the same rules. Thanks for sharing your list.

@Blue_Kryptonite

4 жыл бұрын

Mgtow Max out 401k. Horrible advice. Never ever invest in a 401k. It’s the biggest scam.

@suzannegriswold7555

4 жыл бұрын

@@GarrettGundersonTVagree with u about 401ks. i hate 401ks. Locks money up and puts others in control. My prev employer made 3% of my salary into 401k. I didnt have a choice in their contributions but chose not to make any personal contributions. I needed emergency withdrawal due to divorce and to save my house. The timing was around the annual contribution. Before my loan could be completed, that year's contribution value was lost due to volatility in market. They got their tax deduction and I got a statement with said contribution but absolutely no benefit from it. Fast forward 3 yrs, I was recently severed from this employer and got a decent severance. They are good people but just indoctrinated thst there is one size fits all benefits. Anyway i am having to wsit til end of the plan year to withdraw funds and then wait til October for this year's pro rated amount. Praying stock market goes to moon in lead up to election. My issue was that due to Covid that there is leniency allowed for distributions but left decision up to employers. Hate other people being in control of my $. I view this all as a blessing and an opportunity to course correct. Putting these funds in WL for IBC. Fortunately i had existing side hustle and not much debt.

@surendrashekhawat4155

4 жыл бұрын

Mgtow lending money to Fam & friends is pain tbh. I give them, they feel bad giving and I feel bad asking again & when I don’t give they get mad 😒

@RedBeardNP

3 жыл бұрын

@@GarrettGundersonTV It doesn't make sense to not take advantage of tax breaks by using IRA for long term strategies. Sure do all the other things mentioned above to create more available wealth NOW but almost any other venue of investing for wealth will cost you a little in taxation, earnings in the context of investments or income from rentals etc. If you are capable of maxing out your 401K ($19,500/year) and if your company has a match of a few percent to give you some free investment money why wouldn't you take the tax savings? A roth can ensure you have some tax free distributions in your later years and if you make too much money for a Roth a traditional IRA can help you with a little tax write off each year. I don't see how these are bad things

Much to say about nothing.

@GarrettGundersonTV

Жыл бұрын

Ok. But I see you watched another video after.

@n.g.1577

Жыл бұрын

@@GarrettGundersonTV Exactly! That's how I came to learn about your tactics. Nothing's wrong with it, though. You have nothing to offer to most, but I always give some the "benefit of the doubt". Thank you.

This guy makes no sense.

@GarrettGundersonTV

Жыл бұрын

Someone should kick his ass