Who's Right: Dave Ramsey Vs Garrett Gunderson?

Increase Income before Retirement Tools https://retirecertain.com/wealth-buil... This is not to be taken as personal financial advice. Financial author Camille Gaines discusses how Dave Ramsey vs Garrett Gunderson (Wealth Factory) and how they each have 2 extremely different methods for wealth building. By applying the best from each method to your own personality, situation and lifestyle desires you can seriously increase your ability to build wealth. 1. Cash Flow Investing Garrett is all about being self-employed and cash flow investing. People my age, of course, don’t have decades to save and compound wealth from passive investing before retirement. Both methods often work well when you’re under 45 depending on when you want to retire. It just depends on your situation and life goals. 2. Mindset Garrett Gunderson is about thinking big and outside the box. Dave Ramsey is more about adhering to a plan that has worked in the past to provide investors to live comfortably in retirement, especially if they plan to cut expenses. 3. Lifestyle Expenses Garrett Gunderson is about living how you want and using financial solutions to pay for it. Dave Ramsey is more about cutting costs and budgeting. 4. Taxes Taxes are the largest expense for many investors. Garrett’s focus is on alternative wealth building and income strategies to lower taxes while building wealth. This is what the wealthy do. On the other hand, Dave Ramsey promotes the use of more traditional tax reducing investing methods like IRA’s and retirement plans. Been there and done that – both of methods, and I still do. And both methods have pros and cons, but both methods can be used by smart investors. In my humble opinion, it’s not either or. 5. Risk Both methods have risk. Garrett Gunderson’s method has risk from uninformed investors buying real estate near the end of long term increases in market highs, for example. Or from common small business failure, or becoming over leveraged. 6. What Wealthy People Do Wealthy people can do either method. Many wealthy people graduate to a combination of the two methods or Garrett Gunderson’s method after they build wealth using Dave Ramsey’s method initially. The very wealthy, like Richard Branson and Sam Walton obviously got that way from small business not passive investing in mutual funds. 7. Time Garrett’s method allows for more freedom and flexibility for when and how you work. As someone who is an online business owner, real estate investor and lover of stock dividends, I can promise you it takes a lot of time, but I enjoy investing and being an entrepreneur otherwise 8. Ability to Get Seriously Wealthy Garrett’s method is focused on getting seriously wealthy. The huge majority of people don’t do this for various reasons, but the method is there. I will say the very wealthy didn’t get that way from buying mutual funds. Can you accumulate a multi-million dollars from investing in mutual funds? Absolutely if you save enough and invest long enough. 9. Debt Garrett Gunderson encourages good debt. Dave Ramsey is against debt based on his own experience becoming over leveraged several decades ago when real estate prices were overvalued. There are merits to each. I The best method for you depends on your age, net worth and your desired lifestyle. I’m Camille Gaines. On my channel and blog, retirecertain.com, you’ll get information about 1. Slightly alternative ways to build wealth 2. living off your investments instead of spending them 3. and creating income streams so you can live well for life. Help me Inspire Others to Live Well in Retirement by: 1. Liking This Video if you enjoyed it 2. Subscribing to my Channel here:    • Video   3. Share this video link on your social media channels =============================================== This is financial education only and is not to be taken as personal financial advice since everyone’s situation is different. Learn personal finance and investing basics so you can embrace and lead your wealth with confidence! =================================================== Leave a Comment here and I’ll answer it here, or connect with me on my blog at: http://retirecertain.com/ Here’s More about Me Personally: About: http://retirecertain.com/about =========================================== Here is a great example of the wealth building method Garrett Gunderson uses: Follow THIS and You Will Not Need A BUDGET / Wealth Labs Podcast with Garrett Gunderson    • Follow THIS and You Will Not Need A BUDGET...   And you can get a great feel for the wealth building method Dave Ramsey uses: Does Dave Ramsey Regret Saying Anything On The Show?    • Does Dave Ramsey Regret Saying Anything On...   ============================================ I really appreciate you watching. Thank you:) Prosper and Thrive, Camille Gaines AFC #RetireCertain    • Who's Right: Dave Ramsey Vs Garrett Gunder...