242: Investor Psychology with Garrett Gunderson

Get Rich Education

Keith Weinhold

Realestateinvesting, Income, Passiveincome, Money, Business, Wealth, Investing, Careers, Realestate, Kiyosaki, Real, Rich, Creatingwealth

4.3 • 602 Ratings

🗓️ 27 May 2019

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Compound interest doesn't work in real life.

5% is the average mutual fund investor return, though the S&P returned 10%.

This is for the twenty years ending in 2015 (Source: Dalbar). This is even before taxes and inflation!

Why are 401(k)s failing people? Inflation, emotion, taxes, fees, and volatility.

Emotions make humans sell high and buy low - a recipe for disaster. I discuss how cash flow helps you remove emotion.

Garrett Gunderson of Wealth Factory joins us.

Financially-free people prioritize this way: value, cost, then price.

Economic independence has five levers:

Recover cash
Engineer wealth
Accelerate investment income
Scale business revenue
Treat yourself as the greatest asset

Behavioral finance is where investing meets emotion.

Facts don’t change people’s minds. I discuss what does.

“Facts are stubborn things. But our minds are even more stubborn.” -John Adams

__________________

Want more wealth?

1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book

2) Your actionable turnkey real estate investing opportunity: GREturnkey.com

3) Read my best-selling paperback: getbook.at/7moneymyths

__________________

Resources mentioned:

Garrett Gunderson:

WealthFactory.com

CashFlowBanking.com

Articles referenced:

Why Investors Get Below Average Stock Returns

Facts Don’t Change People’s Minds. This Does.

Mortgage Loans:

RidgeLendingGroup.com

Cash Flow Banking:

ProducersWealth.com

Turnkey Real Estate:

NoradaRealEstate.com

QRP:

TotalControlFinancial.com

JWB New Construction Turnkey:

NewConstructionTurnkey.com

Best Financial Education:

GetRichEducation.com

Find Properties:

GREturnkey.com

Follow us on Instagram:

@getricheducation

Keith’s personal Instagram:

@keithweinhold

Transcript

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0:00.0	Welcome to Get Rich Education. I'm your host Keith Weinhold. Mutual Fund returns and 401ks are failing people due to inflation, emotion, taxes, fees, and volatility. Your investor psychology plays a substantial role in investing. Facts don't change people's minds. We're going to discuss what does today on get rich education.
0:25.4	M.C. Lobbscher is the host of the Cashflow Ninja podcast and president of producers wealth. He is on
0:31.4	a mission to help you achieve financial independence and freedom as soon as possible. He achieves
0:36.8	this by integrating the infinite
0:38.4	banking concept with real estate investments to increase their returns and recapture cash flow
0:43.7	that you are not even aware of that you're losing. MC shares the number one strategy of investors
0:49.0	in his holistic wealth creation course at your own banking system.com.
0:56.2	Learn the easiest way to create wealth and passive income with real estate.
1:00.1	Now you can access the best deals without the stress or hassle of having to find,
1:04.2	renovate, or manage those investment properties.
1:06.3	Nerada real estate saves you time by providing you with passive income investment properties
1:10.4	in some of the best U.S. markets. Learn more at passive real estate investing you time by providing you with passive income investment properties in some of the
1:11.0	best U.S. markets. Learn more at passive real estate investing.com and download your free copy of
1:16.3	the ultimate guide to passive real estate investing. There's no obligation and nothing to buy.
1:21.2	Simply visit passive real estate investing.com.
1:26.6	You're listening to the show that has created more financial freedom than nearly any show in the world.
1:33.8	This is Get Rich Education.
1:38.2	Music. Hey, you're inside get rich education.
1:51.5	Welcome in to episode 242.
1:53.8	I'm your host.
1:54.5	My name's Keith Weinhold.
1:55.8	Why don't stocks and mutual funds provide the types of returns that you think that you're
	...

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