Blog Entries

Tips for Increasing Cash Flow Productively

cmiles — Tue, 18 Nov 2008 02:00:00 +0100

The following are tips that one can do to increase cash flow and identify resources more productively to be applied towards your economic well-being and/or Soul Purpose. Remember, that one's perspective is more important than just going through the motions. The key is discipline to be productive with the money freed up rather than spending it on consumptive or destructive items. Each of these points can be utilized to recapture lost dollars, but can also be abused in a way that coul [...]

Healing Economic Wounds

causeofliberty — Wed, 24 Sep 2008 02:00:00 +0100

How To Influence the External Economy With Internal DecisionsEvery expert in America agrees that our economy is under serious strain. We even hear speculation that the U.S. is headed for another Great Depression. The government bailout of Fannie Mae and Freddie Mac will cost taxpayers $5.3 trillion. The proposed $700 billion bailout of other notable financial firms is a Band-aid approach to a gaping-wound quandary.

So what is the long-term solution? Does the current crisis represent t [...]

Garrett on KTLA

garrettgunderson — Tue, 02 Sep 2008 02:00:00 +0100

Garrett had a great opportunity to be on the KTLA Morning News. Watch the video.

Why Are Retirement Plans Failing?

cmiles — Tue, 26 Aug 2008 02:00:00 +0100

With my "Fire Your Financial Adviser" seminar and our Producer Power Hour podcast this week, I wanted to address a topic that I feel is grossly misunderstood. When I was a traditional financial adviser, I would rattle off some assumed 2000 Bureau of Labor Statistics that came out with a longitudinal report that studied where 25 yr olds in 1960 were in 2000. It showed 29% of 65 year olds deceased, 66% totally dependent on others or still working, 4% financially independen [...]

Garrett B. Gunderson on FOX News

garrettgunderson — Tue, 19 Aug 2008 02:00:00 +0100

Garrett had a unique oportunity to be on the FOX News show "Your World" with Neil Cavuto. Here is the video:

NEW YORK POST - BESTSELLER: "KILLING SACRED COWS"

admin — Tue, 19 Aug 2008 02:00:00 +0100

Sandwiched between the latest "Twilight" vampire book and Obama-bashing tome on Amazon.com is the No. 11 ranked "Killing Sacred Cows," financial advice by entrepreneur Gunderson.

Click Here to Read the Full Article

Independence or "In Dependence?"

cmiles — Mon, 18 Aug 2008 02:00:00 +0100

By Chris Miles

This is an essay I recently wrote about independence which I feel pertains to our discussion of overcoming myths and becoming financially free.

Could independence be no more than freedom from oppression and domination? Conversely, is independence merely unobstructed freedom to do anything we desire with no fear of intentional or unintentional consequences? Absolutely not! The more freedom we expect, the more responsibility we inescapably accept.

Toda [...]

Book Review Response #3: What You Should Do With Your 401(k)

causeofliberty — Fri, 15 Aug 2008 02:00:00 +0100

| Book Review | Response #1 | Response #2 |

This is the continuation of a series of responses to a review of Killing Sacred Cows by Helen Huntley, personal finance editor for the St. Petersburg Times. While she does her best to give a synopsis of the book without reading it entirely, at one point she says, “…the main purpose of the book seems to be to convince you to cash you’re your 401(k) -- [Garrett] doesn’t mind that you have to pay income tax and [...]

Killing Sacred Cows A Bestseller!

causeofliberty — Fri, 15 Aug 2008 02:00:00 +0100

It's official. Killing Sacred Cows just hit #3 on Amazon.com's bestseller list, just below Breaking Dawn by Stephenie Meyer and The Last Lecture by Randy Pausch. Furthermore, it is #1 in two categories: Popular Economics and Personal Finance, both of which are subcategories of Business and Investing.

When you click on the link above, be aware that Amazon's list is updated hourly, so the rankings fluctuate. We've mostly stayed in the top ten since yesterday (August 12). [...]

Book Review Response #2: The Main Purpose & Primary Focus of Killing Sacred Cows

causeofliberty — Sat, 09 Aug 2008 02:00:00 +0100

| Book Review | Response #1 |

In a recent review in the St. Petersburg Times, personal finance editor Helen Huntley writes, "[Killing Sacred Cows] makes some good points. I agree that you need to take responsibility for your own financial success and you should invest in yourself and your money-making potential. However, the main purpose of the book seems to be to convince you to cash out your 401(k) -- he doesn't mind that you have to pay income tax and possibly a 10% penal [...]

One Hidden Danger of a 401(k)

cmiles — Fri, 08 Aug 2008 02:00:00 +0100

By Chris Miles

I have often heard many well-intentioned Americans tell me that they feel they are on track to their retirement goals merely because they have been saving a good amount in their 401(k)'s or similar qualified plans. Many believe this is their only option.

My purpose is to shed light on a critical factor that is one of the causes for dramatic disappointment to our 76 million Baby Boomers now entering retirement. This covert killer can leave one with LESS THAN [...]

Book Review Response #1: Deception Vs. Value Creation

causeofliberty — Fri, 08 Aug 2008 02:00:00 +0100

Our last blog post introduced a recent book review by Helen Huntley, the personal finance editor of the St. Petersburg Times.

This is the first response of a series.

Deception Vs. Value Creation

Helen begins her review by writing, “I don't ordinarily do book reviews, but I often read portions of the books that publishers send me. Sadly, quite a few of them are little more than thinly-veiled sales pitches for the author's business. One of the worst of the [...]

Does Passive Income REALLY Create Freedom?

cmiles — Fri, 08 Aug 2008 02:00:00 +0100

By Chris Miles

One of my clients recently asked me a question regarding whether or not someone needed passive income to truly be financially free. I believe that many of those striving for financial excellence have asked this same question and debated it.

In response to this question, I would ask &quo [...]

A Great Review of Killing Sacred Cows...And An Opportunity To Respond

causeofliberty — Thu, 07 Aug 2008 02:00:00 +0100

Helen Huntley, the personal finance editor for the St. Petersburg Times in Florida, recently gave a great review of Killing Sacred Cows that gives us an excellent opportunity to clarify the message of the book.

While she admits only reading parts of the book—and the review must therefore be understood in that context—she does make some good points that we’d like to respond to in the next series of blog posts.

The following is her review of the parts of the book [...]

Pg. 244 - 401(k) Part 2

garrettgunderson — Wed, 06 Aug 2008 02:00:00 +0100

Pg. 70 - Average vs. Actual

garrettgunderson — Thu, 31 Jul 2008 02:00:00 +0100

My Experience With Affiliate Marketing: How To See Through Any Business/Investment Proposal

causeofliberty — Tue, 22 Jul 2008 01:00:00 +0100

I recently had an opportunity to apply the lessons that Garrett and I teach in Killing Sacred Cows.

I've been studying affiliate marketing lately to see if it is a viable opportunity with a solid value proposition. Online affiliate marketing means to market the products and services of others in order to earn a commission from the product creator.

On the surface it sounds like a great model--you don't even have to create your own products, all you have to do is market, [...]

A Lesson in Being A Producer From Booker T. Washington

causeofliberty — Tue, 22 Jul 2008 01:00:00 +0100

“I know of no more encouraging fact than the unquestionable ability of man to elevate his life by conscious endeavor.” -Henry David Thoreau

In our last post we defined consumers and producers and made clear that the one choice to become a producer is the single most important factor in determining your prosperity.

Booker T. Washington was an extraordinary producer from whom we can learn many valuable lessons. He was born a slave in Virginia, was freed after t [...]

Pg. 113 - "Million Dollar Ideas"

garrettgunderson — Thu, 17 Jul 2008 02:00:00 +0100

Pg. 75 - Tax Brackets

garrettgunderson — Thu, 10 Jul 2008 02:00:00 +0100