233: The Economy & The Fed
The Cardone Zone
09/09/16
•44m
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Dollars aren't tied to gold. Your money is dying—it's going down in value each day. That's why you need to get as much money as you can as fast as you can so you can put it into assets that will blow up. Money that just stays money will die.
The problem is that you are being educated by people who are teaching you things from a bygone era. Middle class wages are flat and they won't be going up again. You must simplify this. If it doesn't produce income, don't do it. When interest rates go down, debts go down, and assets go up. It's all artificial. Your money is going down in value. Get rid of it and put it into assets, but wait until you have $100K saved. You need to first understand basic economics—you want it, they have it, go and ask for it. In 1960 the minimum wage was $1.60. That was worth $2 more than minimum wage is worth today even though the dollar amount is higher.
Previous Episode
232: Become an Economic Maniac
September 2, 2016
•40m
Get insane with money. Grant was labeled when he was younger as problematic, but he just didn't have attention on the right things. You need to have your attention on money. We live on an economic planet. Try going 24 hours without thinking about or using money. It's impossible. Everything you do costs money. A bag of food at Whole Foods costs $80. You have to fund your activities. If you don't get maniacal with your money, you won't have money.
Create the economy you deserve. The word economy originally came from the management of a household. You have to have money to take care of those you love. If you have a shortage, start paying attention to it. For those who don't like maniacs, they say things like "Slow down", "don't toot your own horn", "take it easy"—these are all sayings from people who are against maniacs and don't have money. You need to be a maniac, and that requires you to get obsessed.
Next Episode
234: 3 Things Between You and Money
September 16, 2016
•44m
Today on the Cardone Zone Grant explains how if you make 100K a year you are a rich poor person. The problem is nobody is going to feel sorry for you. If you make $14,000 a year people will feel sorry for you, but if you make $100,000 nobody cares—but both scenarios are broke. There's no money left over.
Financial planners always ask you about your savings but they never ask you about your income plan. It's all backward. You need more income. What keeps you from money?
1.Your commitment. If you are committed to 50K you will come up short. Make a commitment to big money. If you don't make more than 100K a year you have nothing to save.
2.Who's Got Your Money? Who's got money around you, what do they need, and what objections do they have? You have to learn to sell and get money from people.
3.You don't know what to do with it once you get it. Few people know when to invest or what to invest in.
What's keeping you from money?
Is it your commitment, the fact that you don't know where to get money, or that you blow it all once you get it?
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