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b'Garrett Gunderson, entrepreneur and financial expert, explains the difference between cash flow and accumulation wealth models. He emphasizes that financially free people think value first, cost second, and economic impact third, while those who are not focused on price and price alone. In this episode, Garrett shares his story of success and failure regarding money. Garrett recommends investing in oneself to become a value creator and enjoy life. Garrett\'s books Killing Sacred Cows and Money Unmasked advise identifying your financial DNA and creating cash flow. Listen to this conversation for advice on managing cash flow, reducing risk, investing intelligently, and creating stability and financial freedom.\\n\\xa0\\n\\xa0\\n[00:00 - 07:01] Opening Segment\\n\\u2022 Financial freedom is a state of mind and being\\n\\u2022 Cashflow investing over accumulation is critical to creating financial and economic independence\\n\\u2022 In his book "Killing Sacred Cows," Garret explains the failings of the accumulation model\\n\\u2022 Garrett\'s new book "Money Unmasked" helps identify financial and money DNA\\n\\xa0\\n[07:01 - 13:46] Create Cashflow and Achieve Financial Independence with the Five-Step Framework\\n\\u2022 It takes money to make money, but high risk does not always equal high return.\\n\\u2022 Invest in infrastructure or marketing to scale business revenue.\\n\\u2022 Invest back into yourself and your skillsets to become a better investor.\\n\\u2022 Think about how to keep as much as you make without cutting back and turning assets into cashflow machines.\\n\\xa0\\n[13:46 - 20:32] Unlocking Financial Freedom: How to Identify High Leverage Opportunities in Business\\n\\u2022 There is a distinction between financial independence and financial freedom.\\n\\u2022 Financial freedom is when money is no longer the primary reason or excuse to do something.\\n\\u2022 Use the cycle of creation to improve product and listen to customers.\\n\\xa0\\n[20:32 - 27:45] Closing Segment:\\n\\u2022 Best investment: 400% annualized return on $25,000 house investment\\n\\u2022 Worst investment: 45% owner of 45,000 square foot building\\n\\u2022 Most important lesson learned: The power of having a due diligence team to ensure the success of any deal.\\n\\xa0\\nQuotes: \\n\\xa0\\n"Risk means the chance of losing. So how does increasing our chance of losing actually help us win? It doesn\'t." - Garret Gunderson\\n\\xa0\\n"If you don\'t have the mental capital ideas, knowledge, wisdom insight, strategies and tools, and the right relationship capital people networks, organizations mentors friends, and family you don\'t have a business you have speculation, and people leverage money before they leverage mental and relationship capital." - Garret Gunderson\\n\\xa0\\nApply to Invest with Taylor at www.investwithtaylor.com\\n\\xa0\\nTrack your wealth for free with Personal Capital, go to www.escapingwallstreet.com\\n\\xa0\\nPlease leave a review and help others escape Wall Street and build wealth on Main Street!'