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Beyond 7 Figures: Build, Scale, Profit

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The Wealth Paradox: Redefines Success and Happiness feat. Garrett Gunderson

Feb 23, 2024

Learn how to balance passion, purpose, and financial stability

The pursuit of a meaningful and balanced life can sometimes clash with the pressure to succeed in business. It’s a delicate and intricate challenge to strike a balance between personal well-being and professional achievements. Navigating through demanding schedules, facing financial uncertainties, and managing the expectations of oneself and others requires resilience and a sense of purpose. Love fuels our passion, while meaningful connections create a supportive network that enriches both our personal and professional lives.

My special guest today is Garrett Gunderson, an expert in wealth creation and an accomplished entrepreneur. As the founder of Wealth Factory, Garrett has helped countless individuals and entrepreneurs not only make money but also keep and grow their wealth. Together, we delve into the true meaning of wealth and how it extends beyond monetary success. We also explore society’s obsession with net worth and the constant pursuit of more money. There are more fulfilling and important things in life.

Key Takeaways:

  • Society often equates net worth with self-worth, leading us to measure our success based on external validators
  • Practice economic efficiency - IRS, interest, investments, and insurance are where you can start
  • Delegate roles, not tasks, to avoid micromanagement and keep the momentum
  • Invest in yourself first because your vision, values, abilities, and passions are the highest context for your life
  • Make your vision bigger than your problems for unlimited success
  • When it comes to insurance, prioritize coverage for catastrophic events, not inconsequential ones.
  • If you want to be successful and keep growing, make sure you have a big vision and focus on the right things

All this and more, on this week’s episode of Beyond 7 Figures.

Stay tuned next week when I talk to David Barlev, Founder and CEO of Goji Labs, a boutique software consultancy. So, don’t forget to subscribe to the show to get that episode as soon it gets released. Until then, be profitable.

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