406: Garrett Gunderson - Why 95% Of People Never Get Rich
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Narrated by:
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Garrett Gunderson is an author, speaker, and financial advocate. In this episode, we discuss:
00:00 What Most People Get Wrong About Money
02:10 The NFT Mistake & Chasing The Next Big Thing
05:20 Why Entrepreneurs Shouldn’t Diversify Too Early
07:10 The Scarcity Mindset That Almost Ruined My Marriage
11:45 Why No One Shrinks Their Way To Wealth
13:30 The 3 Types of Expenses (And The One That Makes You Rich)
16:20 Why Diversification Can Keep You Average
19:10 The 2008 Crash & Over-leveraging Real Estate
22:00 Focus Creates Exponential Growth
24:10 The Retirement Lie
27:00 Why Only 32% of Millionaires Feel Wealthy
29:15 The 18% Rule & The Living Wealthy Account
33:00 Reduction Thinking vs Production Thinking
36:30 Did Warren Buffett Really Use Compound Interest?
40:00 Why 91% of $5M+ Net Worth Own Businesses
42:30 The Problem With Dave Ramsey’s Advice
45:30 Great For Broke. Bad For Growth.
48:00 Loving Debt vs Misusing Debt
51:00 Why Most Entrepreneurs Fail With Leverage
54:00 What Makes Life Worth Living?
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Disclaimer: The Freedom Pact Podcast is provided for informational and entertainment purposes only. The content is not intended to constitute, nor should it be relied upon as financial advice.