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The Quote of the Day Show | Daily Motivational Talks

1896 | Garrett Gunderson: “Invest in Yourself.”

The Quote of the Day Show | Daily Motivational Talks

Sean Croxton

Mental Health, Health & Fitness, Business, Self-improvement, Entrepreneurship, Education

4.83.1K Ratings

🗓️ 29 March 2024

⏱️ 13 minutes

🧾️ Download transcript

Summary

Personal finance expert Garrett Gunderson shares some contrarian advice about tax-savings and your retirement. Find out why investing in the 3 P’s to build YOUR business is a much wiser move than putting all of your faith into your retirement plan.

Transcript

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0:00.0

Yo, today's QOD is Invest in Yourself.

0:05.0

Here we go. So, Welcome back to the Quota of the Day Show. I'm your host Sean Croxton and Sean Croxton.

0:36.1

Thanks so much for tuning into our finance Friday episode where we talk about all things, money mindset.

0:41.0

We've got Garrett

0:42.6

Gunnerson on the show and today Garrett is going to share some

0:46.8

shall we say contrarian advice about tax savings as well as your

0:52.4

retirement plan.

0:54.0

And let me give you some context here.

0:56.0

Garrett is speaking in front of a room of fitness entrepreneurs,

1:00.0

like these are business owners.

1:01.0

And as you know, I firmly believe that your way to wealth

1:05.0

especially generational wealth is through owning your own business and being an

1:09.0

entrepreneur and I got a quick story about this. I sold my house in San Diego in 2022, summer of 2022, and I did really well.

1:19.0

And I'm like, okay, I don't want to buy another house because I don't know where I really want to live for a long period of time.

1:25.2

So I was like, what can I do to grow this money? I was like, maybe I'll buy some property and rent it out and I'm like, now that's not my thing.

1:31.6

I said, okay, how about the stock market? I was like yeah let's do a stock market. Let's see if I can multiply this money in the stock market. So I read dozens of books on the stock market and investing.

1:43.0

I know a lot of stuff about the stock market now, it's kind of crazy.

1:45.8

And I was actually doing really well in the stock market.

1:50.1

You know, there are a lot of ups, some downs, but mostly ups when I was investing.

1:54.8

And then September happened.

1:57.6

And if you don't know, September was a pretty bad month for the market.

2:02.1

And you know, I should give you a little more context here. I was becoming

...

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