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 there a secret to money, to finance, to prosperity? Is it as complicated as people make it? From Garrett's perspective, one of the fundamental parts of generating more wealth is through value creation. Does the phrase 'value creation' feel ambiguous for you? If so, what does it really mean to create value? In this episode of Ask The Money Nerds, Chief of Staff Amanda Stolba and I provide some clarity on what all of this really means and how identifying your Investor DNA can be a stepping stone into to you creating additional wealth in your life.

Time Stamps:
1:15 – Ben's Question: How do I figure out how to create value and how can I find my Investor DNA?
2:00 – What is Investor DNA?
3:10 – The problem with diversification
4:45 – How to find your core drivers in life
7:40 – How to create value
8:40 – Is a personal brand important?
9:30 – Collaboration is essential because we have to get good at finding people who are good at the things that are not our own personal strengths.
11:10 – Why discovering your own unique ability is an important step in the process to discovering how you can add more value to those around you can find your Investor DNA.
13:45 – The formula that most people follow that doesn’t necessarily equate to value.
***
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 Billionaires Do? - https://wlth.co/yt-garretts-billionaire-book

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!

Some people make an argument for having gold on hand, specifically for moments when society is in turmoil. Is gold good to have on hand during a recession? A viewer wrote in with a question about precious metals and in this episode of Ask The Money Nerds Amanda and I talk about gold and whether or not you might want to consider adding it to your portfolio.

Time Stamps:
1:00 – How do you feel about having gold in your portfolio for this coming recession?
1:30 – Why Garrett focuses on Economic Independence
3:00 – Why you might not consider going too deep into gold investments
3:30 – Physical gold vs A gold note
6:00 – Other forms of precious metals
8:30 – What some of the wealthiest people are doing with their portfolios.
***
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 Billionaires Do? - https://wlth.co/yt-garretts-billionaire-book

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!

Where should you store your cash if you are not ready to invest it? Is there something better than a checking, savings or money market account? When saving money for your Peace of Mind fund as well as for investment opportunities, a lot of people don't find it terribly exciting to put their money in a savings account due to low interest rates. In this episode, we talk about how to make sure you keep more of your money and where you can put it to avoid losing value due to inflation!

To Learn More about Cash Flow Banking visit: https://cashflowbanking.com

Time Stamps:
2:45 – Paul's Question: What does Garrett determine as having liquidity? Where is the best place to store cash to invest?
3:20 – How to find missing money!
4:00 – How the CARES Act may apply to you
5:05 – Using Cash Flow Banking to store your liquidity
6:40 – What is the minimum amount needed to start a Cash Flow Banking policy?
8:00 – Things to look at in a policy to make sure that it is designed properly.
9:50 – How are gold, silver and precious metals really going to help?
***
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 Billionaires Do? - https://wlth.co/yt-garretts-billionaire-book

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!

Due to the turmoil in the markets in the first two quarters of 2020, we have been getting even more questions about retirement plans. On today's episode of Ask The Money Nerds we answer a question from Lacey who is getting ready to leave her place of employment, wants to start a business and has money in a 403b that she wants to move.

Time Stamps:
1:50 – Lacy's Question: I have a 403B account with Fidelity and am considering rolling that over to a retirement account with lower fees or potentially pulling that money out to fund a
C-Corporation that my husband and I started a year ago.
3:30 – The Checkbook IRA Option
3:50 – The 72T Distribution
5:00 – What is a Wealth Capture Account?
7:30 – Why I wouldn't focus on contributing more to a 401k
9:10 – Sitting on extra cash? How to expand your vision.
***
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 Billionaires Do? - https://wlth.co/yt-garretts-billionaire-book

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!

There is often a lot of confusion around estate planning. Many viewers are wondering when to create an estate plan and how much money they need to get started. Did you know an estate tax is really a penalty on those who are under prepared? In today’s Ask the Money Nerds segment of the Wealth Labs Podcast, Aaron and I walk through some of the benefits of an estate plan and why you might consider getting one set up. Remember it's an act of love and a gift to others to have your financial house in order.

Time Stamps:
1:00 – Question: I don't feel like I have enough to begin creating an estate plan. Is it ever too early to create one?
2:20 – Why the estate tax is a tax on the unprepared
3:30 – Why I have a family constitution incorporated into my trust
5:30 – How I determine the members of my Board of Trustees
6:50 – Does it make sense to create a trust if you don't have kids?
9:20 – For many people, an estate plan is something to highly consider
***
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 Billionaires Do? - https://wlth.co/yt-garretts-billionaire-book

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 this episode, we are trying our hand at a rapid fire Q & A session. In contrast to our other episodes, multiple questions from various topics are discussed. Garrett quickly answers questions from our listeners about: raising credit scores, finding your Investor DNA, what to do with your company's profits and much more!

Time Stamps:
0:54 – Credit Score is 680 and has a little bit of credit card debt, an $18k car loan and is not finding any new jobs that pay more.
2:50 – How can I attract funds without taking out a personal loan?
3:35 – How do you feel about a 1031 exchange if all my retirement is in real estate and every deal that I have done has lost money?
5:10 – Founder of a 70 member church, has $50k in an IRA and get $2k/month in Social Security. He is looking for some thoughts on how to improve his financial situation as he and his wife transition into a new season of life.
7:50 – How do I pay down my mortgage ASAP?
9:30 – I have a company that is profitable and I am trying to figure out how to split the profits (paying myself through dividends, marketing, training employees, etc.)
***
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 Billionaires Do? - https://wlth.co/yt-garretts-billionaire-book

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 are combining questions for this episode of Ask The Money Nerds. Gloria and Lisa both have questions about how to handle their debt. We know that credit card debt can be a hindrance to wealth creation, so we walk through the three ways to position yourself to free up cash flow that is being taken from high interest credit cards, so you can start paying those balances down and create a life you love!

Time Stamps:
1:15 – From Gloria: How do I pay off my credit card debt?

From Lisa: We've been paying the minimum payment on our credit card for years. Is it a good idea to renegotiate with the credit card company to lower our amount of debt?

2:00 – How to renegotiate your debts
3:30 – How to restructure your debts
4:14 – How to reallocate your money
5:20 – Do this before you renegotiate your interest rates
6:00 – Is there an order to the 3 R's? does it make sense to start with one over the other?
7:25 – It is critical to look at the behavior behind the spending.
10:00 – Garrett shares an example of when he went through his own cash flow crunch. And how he got creative with date night and creating memories with his family.
***
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/go/?p=wealthlabs&w=wwrd-wl

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!

A part of Cash Flow Banking is Cash Flow Insurance. typically take 3-5 years to hit a break even point, but is there a way to get there faster with a lump sum? Today, Amanda and I on this Ask The Money Nerds segment of the Wealth Labs Podcast are going to explore this concept as well as give you things to look out for when have a policy designed for yourself!

Interested in learning more about Cash Flow Banking?
Visit: https://cashflowbanking.com

Time Stamps
1:20 – From Chris: Can a cashflow banking policy be jumpstarted at the beginning with a lump sum, then monthly premiums there after?
1:40 – What is a Modified Endowment Contract (MEC)?
3:35 – The difference between direct recognition and non-direct recognition.
5:15 – What to look for in an insurance company to make sure you can have a policy that is structured properly and that is working for you. We share some questions for you to ask your agent.
8:08 – What are differences between an A-rated company and a B-rated company?
***
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/go/?p=wealthlabs&w=wwrd-wl

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 windfalls can be an amazing experience to help you getting to economic independence. Today, Stolba and I are going to explore the prospects of using a cash windfall from an inheritance for investing in real estate. What should you be focusing on when considering this type of investment as well as what are the different types of real estate investing that could align with your Investor DNA.

Time Stamps:
2:55 – From Lisa: My husband and I are nearing retirement and we do not have a retirement fund. We have a small inheritance but are looking to invest it. We are currently looking at purchasing a small multifamily home to rent. Do you think this is the right arrangement for us?
3:50 – Garrett’s experience with real estate.
4:30 – Real estate is a very broad topic, here's an example of when a Roth IRA might make sense for your situation and when it might not be a goof fit.
6:00 – There are multiple ways to invest in real estate. Here are a few examples.
8:45 – Garrett's recommendations for what Sharon can do with the inheritance money.
9:40 – Garrett's concerns with Roth IRA. Take note!
10:15 – Other option beyond Roth IRAs
***
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/go/?p=wealthlabs&w=wwrd-wl

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 are coming up on the biggest wealth transfer in history. Those who are in the know and have access to capital will have an advantage. So, what do you do if you don’t have a ton of liquidity, but recognize that new opportunities are ahead? If you're not sure what to do, how to protect yourself or how to profit, this is the session for you. Today, Stolba and I talk about strategies to make money on the buy and how to get creative with investing opportunities. Take a listen!

Time Stamps:
1:50 – From Taylor: I’m 23 years old and have minimal liquidity, however I am looking to capitalize on assets that may be going on sale in the next few years. I'm looking to potentially buy a business that is on sale, however I am not sure where to start. Any thoughts on what kind of seminars or people I should be looking at to learn how to do this?
3:25 – If you are thinking of investing in real estate, make sure it is a part of your Investor DNA.
4:00 – Have you heard of "pounce investing"? It's a major component in allowing people to grab distressed assets.
5:00 – Look towards partnerships to gain access to capital.
5:50 – Consider looking at building intellectual property or talking with business brokers in order to learn about an industry you want to get involved in.
***
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/go/?p=wealthlabs&w=wwrd-wl

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/