Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!

You can be the designer of your own destiny!

We are in a time where it is crucial to keep your eyes peeled for inefficiencies that are no longer serving you in your business and instead pivot to the more impactful ways of serving your customers. In today’s episode of Ask The Money Nerds, I am joined by Allison Maslan THE foremost expert in pivoting and scaling businesses. Listen in as we walk through some of her recommendations on how to navigate the current business landscape so you can thrive!

If you are interested in learning more about the Pivot and Scale Program visit: https://pivotandscalebootcamp.com/garrett

Time Stamps:
2:45 – What are the major adjustments that business owners can consider making in the midst of the economic and health concerns our society is currently experiencing?
6:17 – Where do you have people start to pivot?
7:15 – Pre-sales can be instrumental for business growth. How does one effectively launch a pre-sale?
13:40 – Listening to your customers is critical. Here's why...
16:55 – Allison shares how she worked with her clients to be inventive before the pandemic and how she helps people move from surviving to thriving.
21:57 – Small business owners are catalyst to changing lives.
26:36 – Allison tells us about her Pivot and Scale Bootcamp!
31:30 – Why it is crucial to make space for collaboration, rather than trying to go it alone?
***
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!

Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/rockefeller-book/letter/

Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/

Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!

Today on the Ask The Money Nerds segment of the Wealth Labs Podcast, Amanda and I address a couple of different questions. First, we will give you some insights on when to consider tapping into the Cash Value of a Cash Flow Banking Policy. Then, we go over some of the strategies I have used to build out my financial team over the years so you can do the same.

Want to leverage our team? Visit https://wealthfactory.com/private to learn more

Time Stamps:
1:49 – Understanding your Cost of Money
2:10 – How to determine Your Cost of Money
4:00 - When can I utilize my Cash Value from my Cash Flow Banking Policy?
6:40 – What is the best way to build a financial team? What kind of questions do you ask to help determine if the relationship is a good fit?
7:30 – How Garrett started building his financial team
10:15 – A recommendation for keeping your entire financial team on the same page.
***
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!

Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/rockefeller-book/letter/

Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/

Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!

With the recent changes in our economy, many people are asking whether or not a 401k is the right investment vehicle for them. Today, Aaron and I explore this question and discuss some of the alternatives for you to consider, including how to determine your own investor DNA.

Time Stamps:
1:40 – What’s a good alternative to 401(k)s for employees?
1:50 – How cashflow optimization can reveal better opportunities than putting money away into a 401(k)
2:20 – Why new deposits into 401(k) aren’t effective when you are close to retirement.
3:15 – A question worth asking yourself...
4:20 – Are automatic deposits into a 401(k) really helpful?
7:10 – Other than investing in the market or real estate, what are my options?
8:00 – Examples of investing in small businesses that can generate massive returns with minimal risk.
10:15 – How do I discover my investor DNA?
12:10 – Why focus over diversification is a game changer.
***
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!

Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/rockefeller-book/letter/

Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/

Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!

Most of us don't think about cybersecurity until it's too late. With an influx in people working from home, it's time to protect yourself from the potential threats that lurk on the internet. Today’s Ask The Money Nerds segment of the Wealth Labs Podcast is all about cybersecurity. My guest today is Dr. Eric Cole, he has more than 30 years of network security experience and he's here to give you ways you can keep your personal information and your bank accounts protected!

Free Cyber Security Guide: https://secure-anchor.com/cyberguide

Time Stamps:
4:10 – Think about how much of your life is on the Internet. Are all of these areas protected?
5:10 – Be cautious of the emails you receive about COVID-19
5:45 – How to protect your digital life in the midst of this pandemic
7:30 – Ads on legitimate websites are not verified or validated from that particular company (including ads for toilet paper and hand sanitizer!), so be careful about what you click on!
9:30 – How to protect your home wifi network
12:00 – Protecting your Bank Accounts with two-factor authentication
15:15 – The importance of keeping your computer up-to-date
17:30 – Remember cybersecurity is ultimately your responsibility
***
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!

Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/rockefeller-book/letter/

Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/

Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!

What kind of lifestyle will your retirement plan provide? If you are close to retirement, does it make sense to continue funding
401k or IRA accounts? I’ve brought back Tim Cardone and Chief of Staff Stolba for today’s Ask The Money Nerds segment of the Wealth Labs Podcast. We address today's question from both a philosophical and visual standpoint. Tim reveals the true numbers with many retirement accounts through some calculations.

Time Stamps:
1:35 – I’m 56 and married with an 8 year old and I have been diligently been contributing into my IRA and 401(k). Additionally, I have 27 years left on my mortgage. What are some ideas on what I can do with my contributions? Do I roll them into another investment, pay of the house or stop making payments all together?
2:20 – Why it might be good to just pay off your house
3:45 – What if you saved the money you planned to contribute, rather than putting it into your 401(k)?
5:00 – A deep dive into the structure of 401(k) plans
8:00 – How do taxes impact the money inside 401(k) plans?
9:25 – Looking at the impact of management fees on your 401(k)
13:00 – What the numbers look like even if your employer matches 100% of your contribution
17:05 – Understanding the Cash Flow Index & The Investment Index
18:40 – Investing vs Dis-investing
***
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!

Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/rockefeller-book/letter/

Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/

Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!

Cash Flow (liquidity!) is vital to navigating turbulent times. Today on the Ask The Money Nerds segment of the Wealth Labs Podcast, Amanda and I review a clients situation and offer a few recommendations on navigating the obstacles he is currently facing.

Time Stamps:
1:28 – Thoughts on applying to for an SBA loan
2:30 – The importance of having access to cash before you need it
4:10 – Is it worth applying for one of these SBA loans given that it may require a hard inquiry on my personal credit score?
5:30 – Is it worth drawing cash from a line of credit in case my lender chooses to reduce the amount that I have access to in the future?
8:10 – Is it worth using a credit card to buy time and float cash?
9:00 – We are needing to repair our roof since it is starting to cause interior damage. I am considering doing a finance option with Paypal at 0% for six months and then doing a balance transfer with the remaining amount to a credit card. I am concerned about how the utilization rate will impact my credit score.

***
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!

Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/rockefeller-book/letter/

Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/

Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!

We have talked at length about the cash flow banking system and how to build your own bank, but what can you do when you have established some cash value inside one of these policies? Today, Aaron and I explore your options so you can efficiently access and utilize the money within your policy.

For more info about Cash Flow Banking you can visit: https://cashflowbanking.com

To get your free copy of What Would The Rockefellers Do visit: http://freewwrd.com

Time Stamps:
0:58 – What should I do with my whole life policy? And can I use it to fund other investments?
1:34 – Why you might not want to take a loan against your policy too early.
1:45 – Do these policies fluctuate with the market?
4:30 – If you don't have a whole life policy right now, this is where you can start...
7:00 – What is a Modified Endowment Contract (MEC)?
9:15 – Where do most companies/banks keep their cash?
***
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!

Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/rockefeller-book/letter/

Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/

Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!

In moments of distress how much cash is good to have on hand? In the midst of turbulent times, which banks are the most stable? On today's Ask The Money Nerds segment of the Wealth Labs Podcast, Chief of Staff Stolba and I give you some guidelines that you can follow to give you some peace of mind in the midst of these changing times.

Time Stamps:
1:10 – Should I pull cash out of the bank or out of my Cash Value Life Insurance policy?
1:35 – Why there may be issues with regional banks
2:55 – Make sure you have cash flow and access to capital
3:30 – How much cash does it make sense to have on hand?
5:25 – How much money should you have at home vs in a bank?
6:00 – How do changes in interest rates impact people?
8:13 – Why focusing on your investor DNA is a good idea
9:30 – Focus on what you know and what YOU can control
***
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!

Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/rockefeller-book/letter/

Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/

Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!

In the past few week's the markets of dropped over 20% and unemployment is on the rise. Today's question on Ask The Money Nerds comes from a concerned investor who isn't sure if she trusts the market and she is worried about the tax implications of pulling out funds from a portfolio that she inherited. Listen in as we share our thoughts on her situation!

Time Stamps:
1:20 – I inherited a $300k portfolio that is currently invested in the stock market and I don’t understand it or trust it as a retiree living in Southern California. I’m afraid to pull out the money due to the tax implications. What do I do?
4:16 – Visit https://wealthfactory.com/private to get in touch with a wealth strategist
4:30 – When money is inherited, there is a provision called a "step up in basis". Here's what that means.
5:20 – What is investing?
6:00 – How institutions perform risk management
7:00 – How funds make money with minimal risk
8:15 – It's time to figure out where you are going to invest. Identify your Investor DNA to determine what is a good investment for you and your personal situation.
***
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!

Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/rockefeller-book/letter/

Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/

Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!

It can be difficult to remain productive in times of uncertainty. Fear can get the best of us at times, but by making a few small tweaks you can move past fear and into a place of creation. Today, on Ask The Money Nerds we share some strategies you can use to stay focused on big ticket items and how to find A-players for your business.

Time Stamps:
1:12 – How do you find and hire A-Players?
1:50 – Read the book, Wizard of Ads by Roy Williams
2:20 – How to be specific with your job postings to attract A-Players
4:00 – How to approach your friends and colleagues when you are looking for specific talent
4:40 – How much more valuable is an A-Player vs a B-Player?
7:30 – How do I get more organized and create more time for what’s important when it feels like my business is running me?
8:00 – Questions to ask yourself at the end of every day
9:22 – How to structure tasks and when to do them
10:15 – Saying no more than you are saying yes
***
If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews!

Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/rockefeller-book/letter/

Connect with Garrett:
Facebook: https://www.facebook.com/garrettbgunderson
Twitter: https://twitter.com/GBGunderson
Instagram: https://www.instagram.com/garrettbgunderson
LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/