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116. Create Wealth FASTER With The VELOCITY of Money / Ask The Money Nerds
Wealth Labs with Garrett Gunderson
English - September 03, 2020 17:28 - 13 minutes - 12.7 MB - ★★★★★ - 73 ratingsBusiness Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
If you were a fast food business selling hamburgers, fries and drinks, what has the best margin, the worst margin? How much do you make on hamburgers versus drinks? Even though the margin is low on hamburgers, if you stop selling them, you sell less drinks. Turnover (aka velocity) is the key to creating more wealth. Cash flow is king, it is key. How things coordinate and improve each other makes a huge difference with your returns. Let’s apply this to investing and how you allocate your money so you get more velocity to create greater returns on your money.
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Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would Billionaires Do - https://wlth.co/yt-garretts-billionaire-book
Connect with Garrett:
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LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/
Website: https://wealthfactory.com/