Garrett is the author of the New York Times and #1 Wall Street Journal bestselling personal finance book Killing Sacred Cows: Overcoming the Financial Myths That Are Destroying Your Prosperity. He also wrote multiple WSJ bestsellers including What Would The Rockefellers Do, The Money Tree, and 5 Day Weekend.
He is the Founder of an Inc. 500 financial firm, which he sold in 2020. A regular on ABC’s Good Money, he has been on Fox, CNBC, as well as hundreds of radio interviews, and is a paid contributor for Forbes. Garrett is a frequent speaker at workshops and conferences.
If you want to build sustainable wealth, increase your monthly cash flow and enjoy economic independence without using budgets, cutbacks, limiting your lifestyle or adding new customers to your business, then Garrett & his team can help provide the tools and training to create economic independence.
If I lose my debit card, I just cancel it. If I lose money it's gone forever. If someone steals money from my bank account though my debit card my bank has fraud protection up to $200k. If someone steals cash from my wallet, it's gone forever. Which is more dangerous?
@@GarrettGundersonTV Well I also use credit cards because of the reward points. I found a couple credit cards that have no annual fees and don't charge interest until the end of the pay period. I just make sure to pay them right away. My debit card is still useful because I use it for getting cash from atms for cash transactions or for buying my monthly lotto ticket.
Debit cards are not dangerous. Cash is dangerous. I've been using debit cards for 25+ years and it just works for me. Credit cards use money that's not mine and charge high interest rates. I'd rather just spend my own money without going into debt and also allows me to not carry large sums of cash.
@@GarrettGundersonTV With debit, I don't have to worry about paying it off. Paying off a credit card every month would be an added layer of unneeded stress.
Ok but your forgetting about one think what if you get hit by a truck this afternoon. These what ifs go nowhere and are essentially non statements if you don’t tie them to real statistics.
There is still infinite amounts of bitcoin available until it trickles up into only a few people’s pocket. Once bitcoin hit the stock market it lost its ability to hold value and self govern. Whole life insurance is just a bank account that you deposit your money into they hold and use it as an asset becomes a liability to you because your taking loans against the value which someone else now owns. The Rockefeller did not buy a whole life insurance policy. They built an insurance business that sold a product. The agent gets a cut off the product they push for sales. But keep doing what others tell you to do, that’s how the free thinkers and business owners got rich. NOT.
@@GarrettGundersonTV wow thanks very much mate, don't beat yourself up, it's me 😉,I never heard anything about health,but willing to learn. I read sacred cows 1 I'm looking forward to the second thanks to your generosity 😀
Garrett thank you for clarifying what business actually is the bridge between my mental capital and my relationship capital I never saw it like that and I'm totally expanded just thinking that way thank you so much
Yeah that's the case for more immature people. In my case it more about 'stuff', I like enjoying stuff (a house, a nice car, my sound system, books, etc..), and I usually enjoy those by myself and it doesn't matter much if others would not approve or something like that, perhaps it is easier the older you get... But then I really get satisfied easily, for an example I hustle (get freelances even having a full time job, etc..) to get the whole home theater system at the new house and pay for all the stuff, but then (and also because I only do this for kick ass stuff) it is quality stuff that will probably last a decade (or much more, depending on what it is, like books, art, etc..)... So, it is more about investing in things that will make you feel good, by yourself, in the long run, I think that is the way the bird sings best... In my opinion... And also to swim in fresh water at least 3 times a week.
No I honestly just wanna be able to do whatever I want when I feel…like if I wanna go fishing at 3 am on my boat and expensive rod at any time then I wanna…or go rip through the mountains on my land and trails on a Dirtbike sure…idc about other ppls opinion I’ve been wearing the same shit for 4 years and haven’t once given a shit about what ppl think…
@@GarrettGundersonTV Network! I had the fortune to work for a man that was financially educated. He started my journey with literature. When I completed my "book learning," I had questions. The questions that I asked demonstrated to him that I was serious and humble enough to follow his advice. I was able to learn to talk to genuinely wealthy people. Too many people that struggle financially, believe they need more money. What they need is an understanding of their own, psychological, relationship with money. I met and learned from people that taught me to see money for what it is. Then, you pay it forward. That can teach more than most people can imagine.
Been following for 2 weeks now,I m on your second book, thanks to killing the sacred cows,I'm not feeling too guilty about health😔 unlike the past. Life purpose you mentioned,we all deep down we know about, had someone explained to me the way you do in your book, I would be in a different place. You went to Italy for 2 months because your roots are Italians?
Step 1: Give thanks for what you do have! This is necessary to advance. It will cause you to take better care of what you have. When you adequately manage what you're responsible for, then you will be trusted with the next level. This persists until you reach your individual (personal) limit.
Great Stuff. I started watching your videos last year as a beginner before giving stock market a trial. I was able to make $472,000 within 4 Months with a capital of $200,000. keep it up Ricky!
it's True, It has never been easier to understand how to build your money after retirement than it is right now with the inflation, when you may study and experience a completely variegated market passively by employing a successful portfolio-advisor. The impacts of the U.S. dollar's gain or fall on investments, in my opinion, are complex.
Even if you’re not skilled, it is still possible to hire one. I was a project manager and my personal portfolio of approximately $850k of my retirement pension took a big hit in April due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect and profit from my portfolio this red season. I’ve made over $250k since then.
Finding financial advisors like Deborah Lynn Dilling who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Thanks for sharing. I curiously searched for her full name and her website popped up after scrolling a bit. I looked through her credentials and did my due diligence before contacting her. Once again many thanks.
With traditional IRA, you. also invest the money you didn't pay on taxes. More money to invest=more growth in the long term. Not saying it's better than a Roth, but you can't ignore that advantage when making the decision.
This is bass ackwards, brother. The responsibility to add value belongs to the wealthy. It is not virtuous to take without giving back, no matter how hard you worked for what you have.
“Wealth comes down to responsibility” easy for you to say trailer park Jesus, what about all the people from war-torn countries that can’t speak english? What about people who don’t have the mental ability to work? What about the elderly? What about the physically disabled? To deny that wealth can come from circumstance is naive at best, but most likely it’s a misguided attempt at convincing people you know what you’re talking about. Like really, how dumb do you have to be to just assume “if you’re poor it’s because you aren’t working hard enough” lol, like what branch of the government paid you to say this 😂. I’m sure you’d be saying something different in the faces of 1000 refugees
Yeah i thought poor in about 10 seconds and also someone who is trying to take other people's money exactly like the people I know trying to tell me all about there free gambling 😂 stop it seriously 😊
Well, thats just a lie. Unless you make it universal on purpose, the stock market CAN'T affect it. Universal=gambling. He is just pushing annuities because of the bandwagon.
The IRA still has to pay taxes on the interest when withdrawn. By paying the taxes on the initial amount you don't have as much money to make interest on which is where a big chunk of the money is going to come from.
If the tax bracket is the same. It will be the same net pre or post tax. So Roth or Traditional- same math. Unless you have an exit strategy to manage taxes when taking out of a traditional.
CEOs tend fo fail upwards. Like they are just objectively bad at their jobs and drive company after company into the ground and then keep getting hired
@@GarrettGundersonTVIt's not an absolute rule obviously but people massively overestimate the skill and intelligence of rich people and you can't become a billionaire just with hard work. There was also the multi millionaire who went homeless to prove he could become a millionaire again and he gave up quickly. Excellent video on the topic ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-8xk5pPtwQHs.htmlsi=AMo0I-DPH2ATSZt9
@@GarrettGundersonTV"Anger" and "Judgement" are indeed not the language of wealth given they cast away potential in favor of ego. With that being said, to project it onto a commenter due to your insecurities isn't a "money move" either, there doesn't have to be any anger, judgement, or even resentment towards you for someone to know what you are trying to sell to people. This stuck up aura you try to maintain with your responses to people that question you is what shows your own lack of wealth, given we utilize the axioms you push. Peace ✌️
