161: Are You Middle Class?
The Cardone Zone
04/03/15
•35m
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Are you middle class? And if so, why? My father fought to keep me in the middle class. My mother fought to keep me in the middle class. And I'm here to help get you out of the middle class.
There is a list of income levels separated by state, which define what the lower middle, median and upper middle class are considered.
Related Article: http://witnation.com/articles/finance/middle-class-income-chart/
How you've been misled: • I have to get an education. Now you have loan debt and no job. • I have to save every penny. And it's losing value versus prices going up. • Don't take risk. And never grow. • Fly under the radar. And never get noticed.
We just finished 7 straight days of filming Season 2 of Whatever It Takes: The Ultimate Job Interview. We had 416 people apply; 80 people came through the process—and everyone is thinking little. One challenge was to scoop ocean water into a bucket, and bring it to shore without spilling. And instead of filling the bucket and a little coming out, they only filled the buckets halfway—NO ONE CAME BACK WITH A FULL BUCKET.
"The middle class is a helmet of thinking that keeps you trapped." – GC
Don't believe everything you see on TV, read in a newspaper or read in a book.
Walt Disney busted out THREE TIMES. And no one will ever forget his name—ever. Even when we're in space, there will be Disney Parks.
Previous Episode
160: No Business is Stupid Business
March 27, 2015
•42m
Grant Cardone shares insights to help the middle class escape the myth and secure wealth.
Grant begins the show referring to New York Magazine article where tech columnist Kevin Roose interviews Netscape creator and power-tweeter Marc Andreessen and their conversation veers into how the middle class is a myth. Grant advises people to quit passing up opportunity and explains how the biggest cities in America all share one common thing. The rich get richer and the middle and poor are pushed down. To drive the point home Grant lists movie roles popular actors passed on such as Bill Murray passing on Forrest Gump, Christian Bale passing on being James Bond and Michelle Pfeiffer passing on Basic Instinct and Pretty Woman. Passing up opportunity is not a good thing for business. Grant also discusses Peyton Manning and his incredible work ethic and 100% all in dedication. Grant offers callers excellent advice and shares these business tips.
Grant's Business Tips: 1. Never be "Out of Office." 2. Never Say NO to opportunity. 3. Live where you can earn. 4. Say hello to everyone you see.
Next Episode
162: How to Find Your First Deal
April 10, 2015
•41m
Grant Cardone offers insights and advice to help the middle class break out and achieve true freedom in business, career and finance. Each week NY Times best selling author, self made multimillionaire entrepreneur and international sales expert Grant Cardone focuses on matters affecting the middle class. Whether it's jobs and careers, finance, entrepreneurship, Grant's real, raw in-your-face delivery serves as a wake up call for anyone ok with just being comfortable. The Cardone Zone is like no other business show presently on air. After one viewing you'll be inspired to make success your duty, responsibility and obligation as you break free of the middle class and break into true freedom.
On the second Friday of every month, Grant does a real estate episode on Cardone Zone. This week Grant talks about multi-family apartment buildings.
You have to be completely sold on investing in them. The deal size you should be looking at is 3-4x the size of your savings for the investment.
For example: If you have 50,000 you are looking at 150,000-200,000 investment properties.
Go within 5 miles of where you live. You need to understand the neighborhood, because if you don't your certainty goes down and you won't pull the trigger on a deal.
How Do You Start?: • Pick a Neighborhood You Know • Determine your Down Payment • What Cash Return Do You Want? 10-12% Cash Flow
Remember that 'Cash Flow' is king. It is the most important financial business decision and understanding you must have to stay in business.
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