Contractor Evolution

226. Why Most Entrepreneurs Stay Broke - Garrett Gunderson


Listen Later

To learn more about Breakthrough Academy, click here: https://trybta.com/EP226


Take Garrett's Money Persona Quiz here: https://garrettgunderson.com/quiz/


Are you building wealth, or just building a business?


Because for a lot of entrepreneurs, those aren’t the same thing.


Our guest today is Garrett Gunderson. He’s built and sold an Inc. 500 financial firm, authored multiple bestsellers like Killing Sacred Cows and What Would the Rockefellers Do?, and now teaches business owners how to challenge outdated financial advice and actually build lasting wealth.


In this episode, Garrett unpacks the myths (or “Sacred Cows”) keeping contractors stuck in survival mode.


Listen in to learn how to build a life you don’t want to retire from, all while taking care of your family for generations to come.


If you're looking to build more than just profits—this one’s a game changer.


Episode Highlights:

  • Get a breakdown of the major financial myths (Sacred Cows) bestselling author Garrett Gunderson says are holding contractors back from building the life they deserve.
  • Learn why the traditional approach to retirement often leaves entrepreneurs unfulfilled, and what to focus on instead.
  • Hear Garrett’s advice on investing in your heirs—how to instill your values into kids that are growing up in a different reality than you did.


00:00 - Intro

01:12 - About Garrett

09:02 - What does "Killing Sacred Cows" mean?

13:35 - Dangers of blindly following financial advice

17:05 - Principle 1: Abundance vs. Scarcity

28:34 - Principle 2: The Retirement Myth

41:58 - Principle 3: Cash Flow Over Net Worth

49:24 - Principle 4: Investing in Your Heirs

54:14 - Lightning Round

55:30 - Wrap Up and Money Persona Quiz

...more
View all episodesView all episodes
Download on the App Store

Contractor EvolutionBy Breakthrough Academy

  • 4.7
  • 4.7
  • 4.7
  • 4.7
  • 4.7

4.7

49 ratings


More shows like Contractor Evolution

View all
The EntreLeadership Podcast by Ramsey Network

The EntreLeadership Podcast

4,389 Listeners

REAL AF with Andy Frisella by Andy Frisella

REAL AF with Andy Frisella

32,745 Listeners

The Fine Homebuilding Podcast by Fine Homebuilding Magazine

The Fine Homebuilding Podcast

778 Listeners

The Contractor Fight with Tom Reber by Tom Reber

The Contractor Fight with Tom Reber

405 Listeners

The Martell Method w/ Dan Martell by Dan Martell

The Martell Method w/ Dan Martell

577 Listeners

Modern Craftsman by Modern Craftsman

Modern Craftsman

1,139 Listeners

The Game with Alex Hormozi by Alex Hormozi

The Game with Alex Hormozi

4,425 Listeners

Bedros Keuilian Podcast Show by Bedros Keuilian

Bedros Keuilian Podcast Show

2,277 Listeners

The Wealthy Contractor by Brian Kaskavalciyan

The Wealthy Contractor

214 Listeners

The Home Service Expert Podcast by Tommy Mello: $200 Million Founder|Forbes, Inc., Entrepreneur Columnist

The Home Service Expert Podcast

755 Listeners

Dropping Bombs by Brad Lea: CEO, Entrepreneur, and Host of The Bottom Line

Dropping Bombs

2,315 Listeners

UnBuild It Podcast by Unbuild It Podcast

UnBuild It Podcast

228 Listeners

Waste No Day: A Home Services Motivational Podcast by Brian Burton & Nate Minnich

Waste No Day: A Home Services Motivational Podcast

499 Listeners

The Build Show Podcast by Matt Risinger

The Build Show Podcast

371 Listeners

BigDeal by Codie Sanchez

BigDeal

787 Listeners