"If money is your hope for independence you will never have it. The only real security that a man will have in this world is a reserve of knowledge, experience, and ability." – Henry Ford
Budgeting Sucks! And that is exactly why so many aren’t great at keeping at it long term. The focus and emphasis will never lead to a high quality of life because no one shrinks their way to wealth.
Budgeting focuses on what you can eliminate over what can be created. The world of finance, plus well intentioned family, friends, teachers, and preachers, tout budgeting as a key for us to make financial choic- es or as the ultimate way to be responsible. But what happens when frugality becomes miserly? No doubt it will create misery when our thoughts turn towards coupon clipping over value creation.
This book isn’t about becoming a reckless spender, but instead understanding there are alternatives like Mindful Cash Management. Mindful Cash Management focuses on efficiency, maximizing the use of your existing resources, plugging leaks, creating more cash flow, all so you can reach economic independence in three to seven years. As you read this book, we’ll help you answer these questions:
Economic Independence is a place where you have enough cash flow coming from assets to cover your lifestyle. It doesn’t require you to go to work, take a paycheck from your business (if you have one) or engage in a side hustle. Instead recurring revenue doesn’t require daily work. This is a massive win, where you can do things because you want to, not because you have to.
I will emphasize financial efficiency, then I will teach you the process of Mindful Cash Management combined with Wealth Architecture to replace budgeting while creating a comprehensive financial blueprint to make all your financial pieces work cohesively. As you navigate this book, this will be unveiled and create new possibilities for your life and money.
Your blueprint defines where you’re headed and what you require to get there. It determines priorities. To navigate, we’ll explore these questions:
Money is a key area to shift from a scarcity mindset to an abundance mindset. The scarcity mindset says, "I can’t afford it." The abundance mindset asks, “How can I afford it?” At some point, most of us have been advised to “live within our means,” and generally speaking, that’s wise. The problem is that most people try to incorporate it through a budgeting-based strategy—to live the advice, they reduce spending. They scrimp, save, delay and defer. But the smartest way to live within your means isn’t to think in terms of reduction, but in terms of production. To use a common economic metaphor, instead of eating less pie, learn how to bake a bigger pie.
If you’re struggling, it’s easier and smarter to expand your means by scaling production and value creation for others. This means investing in yourself to get better at solving problems and serving others. Your ability to reduce your spending is finite and has limits. You can only reduce so much before it’s impossible to reduce more. But production is infinite. There’s no limit to the amount of value you can produce for others, thus the amount of wealth you can create for yourself.
Those who budget tend to spend a lot of their time thinking of how to cut back and conserve rather than to focus on problem solving or generating income. Distracted by fear, doubt, worry, or uncertainty, they obsess on how to use their current means, rather than expanding them. However, human ingenuity, brought to bear on finite resources, illuminates new ways to use those resources. A piano has eighty-eight keys. But with those limited keys, you can create unlimited melodies.
Like piano keys, it may seem to you like your resources are limited. But your ability to create value is unlimited. A paper clip in the hands of one person may be just a paper clip. But for those of you familiar with the show MacGyver, you may recall that he could put this most basic of tools to unlimited use. To expand your means, you must ask yourself questions like...
PLUS Wealth Factory will contribute $1 to the National Forest Foundation to plant a tree thanks to your generous purchase.
"Why are so few in America wealthy? Because they're taking advice from the wrong sources, which prevents them from thinking in the right ways. Garrett Gunderson is the right source of financial information and will transform the way you view money."
- T. Harv Eker, author of the New York Times #1 Bestseller Secrets of the Millionaire Mind
"We set up automated budgeting alerts... let's just say it backfired. Budgeting Sucks changed our mindset around ‘saving money’ to focusing our time, energy, and attention towards adding more value to people's lives. This book is a breath of fresh air to the soul destroying financial advice being circulated on the internet."
New York Times bestselling author Dr. Izabella Wentz and Michael Wentz
“No one likes to budget but we all want to live wisely and wealthy. If you are looking for a road map to ditch the limited mindset where you scrimp and wait until you’re almost dead to enjoy life, move this book to the top of your family’s stack and devour immediately.”
John Ruhlin, Author of Giftology and Founder of The Ruhlin Group
“When you choose to follow the principles of Budgeting Sucks you will enjoy the present, new experiences, opportunities, increase your potential, create memories not regrets, have fun, invest in your values, charity, and relationships. Give yourself permission to be the master of your money, and live life on your terms."
Dr Chris Zaino, wellness educator and Founder of Abundant Life
"I’ve worked with Garrett for 20 years with consistent and predictable results. My advice? Whatever Garrett is doing, take notice. Decades of success prove you can't go wrong."
Jeff Spencer, Author, Olympic Cyclist and Coach
"My wife and I had VERY different saving styles. The principles and philosophies of Budgeting Sucks are what helped my wife and I come to an agreement with our finances and change our money conversations. I no longer question or judge my wife when she wants to purchase a robot vacuum cleaner and she didn’t blink an eye when I chose to upgrade my computer."
Drew Hitchcock, Owner of #Hitchcock, LLC
“Garrett lives on the edge of money awareness. Garret exposes the global blind spots that hold most people back from living freely and honestly. Budgeting Sucks is rooted in core principles that he lives everyday in every way. He walks his talk. Rare and Real. ”
Joe Stumpf, Author of Willing Warrior
“Garrett's clear-eyed look at the front lines of how wealth is TRULY created does all of us a service in opening eyes to how to achieve it. Those just started on their journey as those well along into will find secrets they can apply. Read it and prosper!"
Jeremiah Desmarais, #1 bestselling author and award-winning financial strategist
"Garrett has the uncanny ability to articulate financial concepts in a straight forward and entertaining way. Budgeting Sucks in a must read for anyone who is focusing on living an abundant and financially free life."
Rich Christiansen, author of The Zig Zag Principle and founder of 16 multimillion dollar businesses