164. Transforming Money Mindsets: Rethinking Wealth with Garrett Gunderson

What does your family think about money? This powerful question could be the answer to to shifting your family legacy forever!
Today, we're excited to bring you insights from Garrett Gunderson, a close friend and brilliant mind in the realms of wealth creation and preservation! Garrett's journey is not just about accumulating wealth; it's about investing in oneself and understanding the value of money in creating a fulfilling life.
Garrett shared the transformative impact of involving his family in his entrepreneurial ventures, highlighting the importance of exposing children to the value creation process. He believes that teaching kids and even ourselves to invest in our passions and interests is crucial. This approach fosters a sense of worth and encourages personal growth beyond just financial gains.
One of the most powerful takeaways from our chat was the concept of money being a tool for exchange, not a measure of our value. By shifting the conversation around money from scarcity to abundance, we can inspire our children and ourselves to see money as a byproduct of adding value to the world.
Garrett's new children's book, "I Am Money," introduces these concepts in a way that's accessible and engaging for kids, encouraging them to see themselves as valuable beyond their material possessions. It's a must-read for families looking to instill healthy financial habits and a positive mindset about wealth from an early age.
We love how Garrett gives families freedom in the journey and helps us all understand that utilizing money effectively is ongoing. It's about progress, not perfection. Let's continue to learn, grow, and support each other in creating a family culture that values personal growth, contribution, and meaningful success.
Ready to dive deeper into these insights and learn how to foster a healthy relationship with money in your family? Hit play now and let's invest in ourselves and our families, shaping a future where money serves as a tool for fulfilling our true potential.
PS:
Don't forget to check out Garrett's book "I Am Money" for a fun and educational read with your kids! Find the link for that and to our Family Brand Course below!

LINKS:
Website:
familybrand.com
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Facebook: FamilyBrandOfficial
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Twitter: / ourfamilybrand

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Links From This Episode:
Garrett's Website: garrettgunders...
Books by Garrett Gunderson: amzn.to/3SELZsY

Episode Minute By Minute:
00:43 Introduction to Guest Garrett Gunderson
01:33 Sharing Personal Experiences and Bonding
01:57 Travel Adventures and Challenges
02:36 Entrepreneurial Mindset and Family Involvement
03:00 Teaching Kids About Money and Value Creation
04:53 Involving Kids in Business and Learning
05:40 Family Meetings and Value Discussions
06:20 Family Values and Rules
07:11 Exposing Kids to Value Creation
08:29 Inviting Kids into Our Lives
14:35 Teaching Kids About Earning Money
20:00 The Impact of Owning More
25:29 Raising Kids with a Healthy Money Mindset
25:46 The Power of Language in Shaping Our Money Mindset
26:43 Reframing Our Questions Around Money
27:00 The Negative Narratives We Hold About Money
27:37 Money as a Byproduct, Not a Measure of Value
28:15 Exploring Our Personal Money Stories
28:48 The Impact of Social Media on Our Perception of Wealth
29:37 Investing in Ourselves: The Ultimate Bet
31:08 The Importance of Asking Better Questions
31:27 Money as a Store of Value, Not a Measure of Worth
33:11 The Power of Investing in Yourself
33:43 The Emotional Charge Around Money
43:36 The Importance of Enjoying the Process, Not Just the Outcome
46:06 Final Thoughts: Progress, Not Perfection