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!

The stock market is difficult to predict and the number of variables that can influence the price of any given stock will probably make your head spin. The level of complexity is massive. So, do you think you have what it takes to time the market? To know when it is on sale? Is it a good idea to put in additional funds when the market dips? Is it worth the risk? Today, on the Ask The Money Nerds segment of the Wealth Labs podcast, we discuss these questions so you can decide for yourself.

Time Stamps:
1:10 – From TK: We are often told to buy when the market is “on sale”. Should I put more money into my Vanguard account during this time?
1:45 – What is Dollar Cost Averaging?
2:20 – Is it possible to time the market?
3:30 – Factors that make it difficult to time or predict the stock market
6:50 – The flaw with most mutual funds
***
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!

Given the state of the current economy and the multiple downturns in the market, we are getting some tough questions. Today, we take a look at the current paradigm around the 401k and whether or not this plan serves you to the highest degree.

For more resources check out https://wealthfactory.com/megakit or text the word 'wealthier' to the number 44222

Time Stamps:
1:45 – From Jason: Given the recent market volatility, is now a good time for a cash out (my 401k) given the drop in value?
2:42 – A brief history of the last few downturns in the stock market and how it contributed to creating a fragile system, that was then triggered by the coronavirus.
6:00 – Consider a Trailing Stop Loss
8:15 – Are retirement plans hurting people's retirement experience. Should we consider retiring the notion of “retirement” altogether?
10:45 – An investment opportunity that is frequently overlooked
***
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!

When starting a business, it can be difficult to know how much money to put towards business development and debt reduction without hindering cash flow. In today’s Ask The Money Nerds segment of the Wealth Labs podcast, we answer Alissa's question. Together we explore this cash flow dilemma and give you some practical ideas you can implement to navigate this situation or a similar one so you don’t starve your business.

For more tax resources visit: https://Wealthfactory.com/tax

Time Stamps:
1:10 – From Alissa: My income is limited and I am looking at contributing to my retirement savings, however, I have a fair amount of student loan debt and between debt, retirement and savings I am not sure where to put my money.
1:48 – Cash Flow Index Explanation
2:20 – Ideas to increase business income
2:50 – How people, processes and procedures can be your best retirement plan.
3:30 – Business Wealth vs Personal Wealth
5:00 – Ideas to help you free up some cash
6:55 – Where does Economic Independence come from when you own a business?
***
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!

Do you have cash and don't know what to do with it? Whether you have a surplus of cash in your business or you have been diligently saving or have inherited some money, we want to help you find a place to grow the money you have on hand. Unfortunately, there isn’t a magic product on the market to get guarantee returns. Today, we explore some of the different options you can use to grow your money!

Time Stamps:
1:30 – I’m 70 Years old with no debt, however I have a fair amount of cash on hand. I’m not interested in starting another business, but am looking for a place to create a good return.
2:45 – Family Lending
3:30 – Annuities
4:30 – Bond Ladders
7:00 – Differences between investing and disinvesting
8:15 – What is a capital lease?
9:00 – How do taxes apply to inheritances?
***
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!

When it comes to planning for your retirement, is there a gap between where you are and where you want to be? Are you trying to determine if you’ll have enough money or when the best time to retire will be? We have a detailed and thoughtful question from Linda on today’s episode of Ask The Money Nerds.

Time Stamps:

1:25 - Can we retire yet? My husband and I are both 57 years old and we are ready to ditch our high stress corporate jobs.

2:24 - 57 is young! Maybe retiring from the corporate job is the right thing to do. Maybe retiring into something else that you still had control over the income.

2:54 - Addressing concerns about inflation. $100,000 now won’t spend like a $100,000 ten years from now because inflation confiscates wealth.

5:34 - A luxury once enjoyed becomes a necessity!

6:03 - How to put all the pieces together: social security, taxes and investment income.

8:29 - Income Smoothing— Conversion to a Roth on the IRA and 401k during the first year of retirement.

10:15 - Garrett’s thoughts on why he doesn’t feel comfortable with retirement. Here are 3 reasons why...

11:47 - Do you have a permanent death benefit? If so, and you pay off your mortgage, it can be used as collateral to reverse the mortgage to receive tax free access to the cash.

13:00 - freewwrd.com for a copy of Garrett’s book, What Would the Rockefellers Do?

14:48 - How you can protect the downside to address the fear of not having enough money.

***
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!

Teaching your kids about the world of money and finance can feel daunting. It's not often a part of conversation and the complexity often overwhelms us. On today’s Ask The Money Nerds segment, we have a question from a parent about how to start an investment account for a teenager. Amanda and I go through several options for parents that will help them find success in their investing journey!

For tips on hiring your kids within your business visit: https://wealthfactory.com/hiringyourkids

Time Stamps:
2:07 – I’m interested in setting up an investment account for my 15 year old, what’s the best product to do so?
3:30 – Why I use Cash Value Life Insurance on my kids
5:30 – Why I am not a big fan of 529 Plans
8:00 – Concerns if you get involved with too many types of investments
8:50 - Build your child's financial IQ
***
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/

There are a lot of different thoughts around financial strategies and where you put your money. Today, I have Tim Cardon with me to take a look at one of Dave Ramsey’s hallmark strategies around insurance. Should you simply buy term and invest the difference? Or is there a better strategy? Lets take a look!

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

Time Stamps:
1:24 – Let's run some numbers by comparing a whole life insurance product to term insurance while investing the difference.
2:20 – There's more to the story
3:50 – Looking at the average rates of returns in the market compared to the 8% average that is most frequently quoted
6:00 – The difference between what most people quote as the actual rate of return of the market vs the real rate of return of the market over the past 20 years
7:33 – Tim & Garrett take a deeper look at a properly structured Whole Life policy with the parameters that our commenter gave.
10:15 – Looking at the buy term and invest the difference strategy
15:41 – Results of the buy term and invest the difference strategy
18:00 – Full comparison of the 2 strategies
***
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!

Not all of us start getting serious about our finances early life. While there are some advantages in doing so, your age isn't the largest factor. There are certain fundamental principles and methodologies when employed will work regardless. Today, I explore the things that someone starting "late" can do to still reach economic independence!

Time Stamps:
1:20 – I’m 50 Years old and I just started becoming interested in personal wealth. Garrett, what would you do if you were starting this journey a bit later in life?
2:35 – Things to do financially, no matter your age
3:35 – The difference between schooling and education
4:30 – Why age is less of a factor in today’s world when looking to build wealth
5:35 – What does it mean to be Economically Independent?
7:20 – How to find your Economic Independence Number
11:30 – Myths of Compound Interest
13:30 – The Cost of Money
10:15 – The Cash Flow Philosophy
17:30 – How to make money on the buy
19:15 – Here's how your investment can have positive cash flow on day 1
21:45 – Treat real estate like a business, not a hobby
***
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!

Developing our mindsets and shifting paradigms is a process. Each of us have ups and downs in life and how we approach the hardships can make a significant difference. On today’s episode of Ask The Money Nerds, Stolba and I talk through some of the processes that I use to stay in abundance during plateaus or moments of hardship. Start you day in a way that creates a shield of abundance around you. Listen in to learn more!

Time Stamps:
1:10 – How can I think like You (Garrett) more naturally?
2:32 – Where Garrett first started to learn about the importance of mindset
3:50 – My take on having a morning ritual (The Producer Power Hour)
5:05 – The 3 keys to a Producer Power Hour
7:00 – What to do if you feel you are trapped in scarcity
***
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!

Is the current volatility of the stock market filling you with fear? Is it keeping you up at night? Maybe you are starting to second guess your 401k as an investment. With the rising concerns and questions about what do, we wanted to chime in with some insight. Today, I have Tim Cardon and Amanda with me to discuss the market and give you some solutions to help you navigate these volatile times.

Time Stamps:
2:00 – What has happened in the market over a period of 15 days
3:30 – If you had $50k in your 401k account, this is the impact the market had on your money in just 15 days.
5:25 – What was the loss per day and why did the value drop so dramatically?
6:50 – Why losses impact you more than gains
9:02 – What the impact of volatility is on your rate of return
11:20 – The history of 401k's
13:20 – What are the solutions for dealing with the volatility of the current markets?
15:10 – Why do money managers still quote that the market sees an average of 10% returns every year?
18:00 – What are other alternative investments and how do their rates of return compare?
25:10 – What is an arbitrage opportunity?
***
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/