Contractor Evolution 226. Why Most Entrepreneurs Stay Broke - Garrett Gunderson
Jul 16, 2025
Garrett Gunderson, a former financial firm owner and bestselling author, shares insights on why many entrepreneurs struggle with wealth. He debunks common financial myths that keep contractors in survival mode and emphasizes the importance of cash flow over net worth. Gunderson challenges traditional retirement concepts, advocating for a purpose-driven life instead. He also discusses the significance of instilling values in the next generation and how to foster an abundance mindset for long-term success.
AI Snips
Chapters
Books
Transcript
Episode notes
Garrett's Ambition and Limitations
- Garrett Gunderson shares his struggle with feeling "not enough" and how it drove his ambition to make more money.
- He explains how this mindset limited his presence as a husband and father, impacting his relationships.
Sacred Cows in Finance
- Sacred cows are widely accepted false financial beliefs that hinder wealth building.
- Challenging these myths allows entrepreneurs to reclaim control and improve their financial outcomes.
Overcoming Scarcity Mindset
- When feeling scarcity, be vulnerable and share with trusted people instead of isolating.
- Add value to others and write to process emotions to rise above scarcity mindset.
