That's the game changer, expand your means.

And so, yeah, if they're not focused on financial independence, which is creating cash flow from assets to cover your lifestyle,

and they go buy something and they put 25% down, it's going to take longer for them to become financially independent.

And people that are financially independent have a 10 times advantage because everybody else is being told,

save 10% of your income, chase a 10% return, wait for 30 years.

But if you have your assets covering your expenses, 100% of your active income can buy more assets.

That's where you create game-changing wealth.

Welcome to the Rich Strummers Report where we talk real estate, business, and wealth building, all while keeping it real.

No fluff, no BS.

I hope that you enjoy the show.

All right, guys, today I got a New York Times bestselling author and expert financial consultant.

About to drop a ton of game on you guys. I got my man Garrett Gunderson in the building. What's up, Garrett? What's up, man? Good to be with you. Dude, welcome to the show, my man. Appreciate you coming on, dude. Killing Sacred Cows, one of your New York bestselling times books there. What is that book about? It's about the nine financial myths that hold people back. I mean, it's like all these lies, but they're not obvious lies. So they're subtle and that kind of sabotages people. And so once you pointed out, you can always see it and you can avoid it. So it's like the book that's the permission to succeed, the permission to get ahead. I want to, I want to dive into some of these myths, but just top down real quick, high level. What are the nine miss? All right. So the first one is the most important one, the finite pie. People leave there's only so much to go around and that gets them into limitation and scarcity. And scarcity is the greatest destroyer of wealth. So it's about, hey, like if it was really just a finite pie that's like when people think that can animals reproduce, like, you know, money gets to keep exchanging hands. i buy something from you you get to take and use

the money again so it gets people to think more expansively and understand that exchange creates well

that's good second one is people say avoid debt like the plague but people don't even know what

the hell debt is yeah that's right with consumer debt if you're borrowing to consume but it gets

people in a mindset not to think to produce what if i could borrow money at 1% and earn 2%? That's 100% arbitrage. That's 100% return. And yet most people say, oh, if you don't understand interest, you pay it. And if you do, you earn it. Well, what about the people that earn money on other people's money, which is really a huge difference between multimillionaires and billionaires and the rest of the population. So there's, it gets people past that notion of, oh, I can't get in debt. Well, you're not in debt. If you buy a property for a million dollars, it's worth 1.5, you're $500,000 in equity. If you borrowed a million dollars, it's $500,000 in the positive, not a million in the negative. People just don't see that.

All of the world's billionaires didn't do it alone. They got there using other people's money.

Three things. Other people's money, other people's time, and other people's ability. They're masterful

those three things. They don't teach leverage in school. No, they teach the opposite. As a matter

fact, the economist did this article in like 2013, 2014, where they said when they taught finance in school, kids didn't end up better off and in some cases end up worse off. Here's why. Imagine you have a teacher on a fixed income in a socialistic structure teaching people how to deal with money. It's going

all come from fear, doubt, worry, limitation, cut back, scrimp. And so that mindset plagues people

instead of thinking in the real way to build wealth, which is value creation. That's a really good

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