226: 7 Economic Warnings
The Cardone Zone
07/22/16
•40m
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Every Friday Grant Cardone brings you the Cardone Zone, and today he talks about 7 indicators that suggest the economic window is starting to tighten and close. This isn't to scare you but to get you ready. The Government wants inflation. They collect more income when inflation happens. For you, saving money is not your problem. You have to learn how to get attention and sell. What if people were chasing money as much as Pokemon? Add strategy and skills to your hustle. Recession proof your income for when you can't produce any more income. Something bad is going to happen, it's just a matter of when. Bad things aren't in your budget. Here are 7 indicators to keep in mind:
1. Personal income tax receipts are off 11.3% from last year. 2. Corp income tax receipts are down 16% 3. Fed excise taxes are down 0.8% 4. State sales tax up only 2.5%, lowest level in 3 years 5. Federal income tax fell 17% in June 6. Job opening have fallen 7. Wage growth is negative
These are the worst earning reports in 5 quarters. Venezuela is falling apart. Their problems make America look good. The stock market is a complete hoax—a casino. It's time to get your money right. Get Grant's Playbook today, because the Millionaire is the new middle class.
Previous Episode
225: Terrorism & Economics
July 15, 2016
•52m
Today on the Cardone Zone Grant Cardone discusses the chaos in Nice, France and the fact that you have to take responsibility for your freedom and safety by staying alert. The main lesson is to keep your eyes open. If you can't see problems how can you see opportunities? It's all about awareness. Learning how to use a gun is no different than learning about how to become a millionaire. If you can't confront evil, how will you see opportunity?
Grant's economics changed when he took responsibility for his life. Bad things happen on this planet. Is it up to the police, the military, or political pundits? Or is it up to you? When terrorists hit, politicians tell you don't change your way of life. You need to change everything you do. If you don't change, you're going to get hurt. Homegrown terrorism is when you don't get your money right. Where there's poverty there is terrorism.
Get your Playbook today—www.grantcardoneplaybook.com
And remember, "The only thing necessary for the triumph of evil is for good men to do nothing."—Edmund Burke
Next Episode
227: Stock Market vs Real Estate Investing
July 29, 2016
•61m
Today on the Cardone Zone Grant Cardone compares and contrasts the stock market and real estate.
If you invested $1,000 in stocks (one share of the DOW) in 1985 today it would be worth $18,950. The average cost of home in 1985 was $24k and today it is $240K. You don't make 216K from that, you have to put a new roof on it and paid property taxes for 30 years.
Houses on average went up 10X. There are better investments than this. My properties pay me 10-12% every year and my tenants pay down my debt. With income producing real estate over time debt will go down or value will go up with the property—or both likely. Pay more rent and less in housing. You need renters paying your debt down not you paying it down in a house. In the stock market for every Apple there are 50 that never went anywhere. Don't make little moves.
Make big moves. Get at least $100K before you start investing. If you want to get rich get income producing properties only. You don't need stock, houses, gold, or bitcoin. If you can't repeat it, it's no wealth because it can't be duplicated.
Guessing the right stocks and flipping houses are like a casino, you can pick a winner but can you duplicate it over and over again?
Try and start with 16 units—so what if it's a bigger payment, don't think small. If you can figure out 4 you can figure out 16. You have to be committed and creative. If you lack creativity to get money, you aren't committed. If you are ever going to get in the real estate game you must have income and know how to make money.
Get on Grant Cardone's Playbook to start earning more cash so that you will have something to invest for in the future.
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