020: Financial Independence vs. Financial Freedom with Garrett Gunderson *

I’ve been following and admiring Garrett Gunderson for years.

Garrett is the founder and Chief Wealth Architect of Wealth Factory, as well as the New York Times bestselling author of Killing Sacred Cows: Overcoming the Financial Myths That Are Destroying Your Prosperity and 5 Day Weekend: Freedom to Make Your Life and Work Rich with Purpose.

Garrett is extraordinary in how he lives his life, fulfills his purpose, and especially how he helps others. He has set out to help over 1 million people achieve real financial independence over the course of his lifetime. He knows that it’s not just a question of hard work that separates rich from poor – it’s a matter of methodology and philosophy – as well as the fact that affluent people often get much better financial advice than everyone else.

Today, Garrett joins the podcast to share his story, talk about what retirement really is (and why it can be so wonderful for some and miserable for others), and how to stop doing the things you hate.

In this podcast interview, you’ll learn:

  • Why Garrett doesn’t want money to be the primary excuse as to why people don’t do the things they want in life.
  • The key difference between financial independence vs. financial freedom.
  • Why vision is the rarest commodity in the world – and how Garrett helps people find it as they approach retirement.
  • The importance of relationship capital – and how Garrett presells his books long before he’s even finished writing them.
  • How to distill your philosophy and values for future generations as you design a trust for your family.
  • Why taxes are the most immediate return we get – and why you should be thinking about your taxes far more than just from January to April. (And how you can tell if you’re overpaying on your taxes)
  • How to use Garrett’s Cash Flow Index Tool to quickly and safely eliminate your debt.

Inspiring Quotes

I want to make sure people have a game worth winning — that the juice is worth the squeeze and money is no longer a primary excuse for the things they wish they could do in life.” – Garrett Gunderson   

Purpose lives in the heart, not on a wall. It’s something that is at your core – it resonates.” – Garrett Gunderson

Interview Resources

Wealth Factory
Killing Sacred Cows: Overcoming the Financial Myths That Are Destroying Your Prosperity
5 Day Weekend: Freedom to Make Your Life and Work Rich with Purpose
What Would the Rockefellers Do?: How the Wealthy Get and Stay That Way, and How You Can Too
The Zigzag Principle: The Goal Setting Strategy that will Revolutionize Your Business and Your Life
Garrett Gunderson’s Cash Flow Index Tool


Investment Advisory Services may be offered through Howard Bailey Securities, LLC, a registered investment advisor. Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and CFP® (with flame design) in the U.S., which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements. The CLU® mark is the property of The American College, which reserves sole rights to its use, and is used by permission. Howard Bailey Financial is a registered trademark of Howard Bailey Financial. All rights reserved. Howard Bailey does not offer legal or tax advice. Please consult the appropriate professional regarding your individual circumstance. Not associated with or endorsed by the Social Security Administration or any other government agency. 

Read The Transcript