WHH49: What Do Entrepreneurs Do to Grow and Protect Their Money? with Garrett Gunderson

WHH49 Garrett Gunderson The Win Heather Havenwood 2017

Who is Garrett Gunderson?

Garrett Gunderson is the Founder and Chief Wealth Architect of Wealth Factory and a New York Times Bestselling Author. His mission is to help entrepreneurs grow and protect their wealth using proven principles that go against what most financial advisors would tell you to do.

“Rookie investors always stay invested. Professional investors stay in cash and then pounce on opportunity.” – Garrett Gunderson

Why Every Entrepreneur Needs to Actually Pay Themselves

Garrett stresses the importance of actually paying yourself instead of making yourself the cheapest labor in your business by pouring all of your money back into the business. That's not how you create wealth. Garrett further explains this point by breaking down exactly how much money you should be saving and what a “Wealth Capture Account” is.

“Business owners get addicted to sacrifice and never really enjoy the fruits of their labor over time.”  Garrett Gunderson

The Five Steps to Reaching Financial Independence in Less Than Five Years

Garrett's methods are a bit unorthodox but he's helped countless entrepreneurs create, grow, and protect their wealth using the same five keys steps to financial independence that he breaks down for us in today's episode.

“The only miracle behind compound interest is that we bought into it as business owners.” – Garrett Gunderson

If you are short on time, here are the highlights of What Do Entrepreneurs Do to Grow and Protect Their Money? with Garrett Gunderson:

Who is Garrett Gunderson? ([2:07])
The Importance of a Wealth Capture Account ([4:59])
Why Every Entrepreneur Needs to Actually Pay Themselves ([10:08])
The Benefits of a Production Based Business Model ([22:59])
The #1 Reason Entrepreneurs Fail to Reach Financial Freedom ([25:17])
The Five Steps to Reaching Financial Independence in Less Than Five Years ([33:24])

Connect with Garrett Gunderson

Garrett's Website
Garrett's Book: Killing Sacred Cows
Text WWRD to 801-369-7211 to get a FREE copy of Garrett's Book, What Would the Rockefellers Do?: How the Wealthy Get and Stay That Way … And How You Can Too

Garrett Gunderson's Bio

Garrett Gunderson is Founder and Chief Wealth Architect of Wealth Factory, and New York Times bestselling author of Killing Sacred Cows: Overcoming the Financial Myths That Are Destroying Your Prosperity. And he's personally helped countless business owners create efficient wealth strategies that fit their unique strengths.