245: Investing in Real Estate
The Cardone Zone
12/02/16
•48m
About
Comments
Featured In
Today on the Cardone Zone Grant Cardone talks real estate. Don't invest in stocks. Don't do gold or silver. Don't do an IRA. The best investment you can make is in real estate. Getting rich is simple.
1. Increase your income 2. Save the extra 3. Invest savings
Grant breaks down why real estate is the best investment and goes over various examples with numbers on the whiteboard. It's better to get a place with many residents than just one. You don't want just one door. Let renters pay the debt down. You can leverage your money to a high-degree in real-estate. You can buy a $2 million property for 500K. But to invest 500K you need to save 500K, and that requires a salary larger than 50K.
Previous Episode
244: Time is Money
November 25, 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.
Next Episode
246: Wealth Management
December 23, 2016
•45m
What does wealth management mean? It's managing all parts of your financial life, including money, assets, brand, reputation, and future expansion. Wealth is an abundance of valuable possessions or money. Management is the process of dealing with or controlling things or people. The bottom line is you can't manage what you don't create and you won't create what you can't manage. There's not a course in college on this stuff. If you don't have income, you don't have wealth. If I don't know you, I won't buy from you. Here are 3 simple steps to wealth:
1) Create it—Most people don't know how to make enough money to ever save any. 2) Protect it—Few people know how to keep the money they do make. 3) Grow it—Even fewer people can grow the stack they've got.
That is wealth management. To get your finances in order get on Cardone University today.
If you like this episode you’ll love
Promoted