234: 3 Things Between You and Money
The Cardone Zone
09/16/16
•44m
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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?
Previous Episode
233: The Economy & The Fed
September 9, 2016
•44m
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.
Next Episode
235: Time is Money
September 23, 2016
•48m
There is a direct relationship between time and money—they are connected. What do they have in common? If you want more money, you really want more time. Speed is the new big. You need to either go half as far or twice as fast. If you could have more of time or money, which of them would you choose? Time is money. Time is distance / speed, so if you want to get rich you have to do more with your time or buy other people's time.
Grant is in a hurry. When you slow down you become less valuable. Grant is in a hurry. When you slow down you become less valuable.
Plant more crops each day and you'll have a bigger harvest. Here are 3 tips today:
1.Decide to control time. 2.Make Priorities. 3.Multiply time.
The same 3 problems exist with time and money. People don't know how to make it, keep it, or multiply it. It's the same 3 problems.
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