Budgeting Sucks: LIVE FREE, RETIRE WEALTHY: How to keep more of what you make without Sacrificing, Scrimping, or becoming Scrooge

by Garrett Gunderson

Don’t borrow or leverage if you don’t have downside protection and risk mitigation, or if it creates a scarcity mindset.

1. Destructive expenses limit your human life value, lead you into debt, or go unused. Eliminate them. 2. Lifestyle expenses allow you to enjoy life now by spending money on things you value. Manage them by paying cash for them. 3. Protective expenses protect you from risk. Address them and maximize their efficiency to get the most bang for your buck. 4. Productive expenses lead to more wealth. Increase them as long as it is still productive and you can manage the growth.

We have created a guide for you to download at WealthFactory.com/credit if you are below a 760 so you can dress your credit up through simple steps.

We want you to work towards six months, and ideally a few years when you employ the full Cash Flow Banking strategy,

Do you view the world in scarcity or abundance?

financial freedom is not a state of having, it’s a state of being.

economic independence is a state of having enough recurring income/cash flow from business and/or investment income to cover all your personal expenses.

The members of your professional team must talk to each other. If they're not talking to each other, you could easily be leaking money and have unnecessary risk.

Investing is about so much more than projections on a piece of paper. It’s about values, competencies, focus, personal drivers, purpose. At the highest level, it’s about happiness. It’s about your unique contribution and legacy. It’s about making a difference through value creation. Most importantly, it’s about your peace of mind.

The key is to be a value creator that offers solutions.

The core components of Investor DNA include:

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Cash flow, not net worth, is the better measure of wealth.

One of the best ways to protect your net worth is to create plenty of cash flow so you won’t have to liquidate any of your net worth to pay the bills in economic downturn or turmoil.

Retirement planners don't get paid to help you optimize your current cash flow. They don’t get paid when you invest in your education, or start a business aligned with your values. The process is not about investing in you because they typically get paid by selling you a product in exchange for a commission or taking a fee on your portfolio.

When you concentrate on cash flow, any time the cash flow shrinks, you immediately know there’s a problem. You can take immediate action to address the problem.

Between 2000 and 2015, the market rose just 8.4 percent altogether, adjusted for inflation. It rose just 0.56% a year, and took fifteen years to climb 8.4 percent. At that rate, in thirty years, $100,000 would earn just $16,140. Still, people continue to believe that they'll retire as millionaires using that stock-market formula, since retirement planners continue to hint at an average 8 percent return every single year.

Cash flow is money that comes in on a consistent basis—the combination of all your sources of income. Cash flow is created by building businesses, or investing in tangible and intangible assets, such as real estate or intellectual property, that produce ongoing income. The more you can create a cash flow with your assets, the faster you can achieve economic independence.

Our objective is for you to turn your stagnant resources into production and profits through cash flow.

Cash flow is the single most important financial indicator of your sustainability, security, and success.

put faith in the things that create money, not money itself.

Money is not power. It is merely a representation of value.

The best investment you can ever make is to increase your human life value, or to invest in your ability to utilize your knowledge and skills to create value in the world.

We don’t teach you this so that you can work forever. We do it so that you can retire in your business. We do it so that you can start living the life you love today, instead of hoping to retire from your business someday, many years down the road.

You don’t get a second chance to build a life you love and a legacy that lasts. You have the opportunity to change your family’s financial destiny.

Economic independence is achieved at the rate at which you convert assets int...

First Step: Start with Your Wealth Capture Account

We recommend that you work towards moving 18 percent of your personal income into your Wealth Capture Account.

done is better than perfect and progress over perfection.

Step 2: Enhance your Savings

One of the most powerful tools to accomplish this is actually a specifically designed type of whole life insurance policy with extra cash using a feature called a “paid-up additions rider.” Paid-up additions (PUAs) are the extra money and overfunding you put into your policy beyond what the policy would require.

No other financial product allows you to have tax advantages and borrow money up to the amount of money you have in your policy and not interrupt the growth of your accumulating cash.

automatically save and deliberately invest.

Automatic savings happens with your Wealth Capture Account as step one and automatically transferring that amount into your Cash Flow Insurance as step two. Then, you use your Cash Flow Insurance to invest in growing your business or other investment opportunities.

I’m living within my means but consistently expanding my means.

In addition, having the Cash Flow Insurance in place provides comfort of not having to carry a term insurance policy to retirement.

Ask Andrew about this,

If you do buy term insurance, make sure it is convertible to whole life.