242: Investor Psychology with Garrett Gunderson

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