246: Wealth Management
The Cardone Zone
12/23/16
•45m
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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.
Previous Episode
245: Investing in Real Estate
December 2, 2016
•48m
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.
Next Episode
247: My Daily Rituals
December 30, 2016
•36m
How do you start your day? Do you have a routine? When you think of the word ritual, do you picture a bunch of guys wearing hoodies starting a fire out in the woods? A ritual is really just a sequence of activities. Grant doesn't do a ritual every day because he's not perfect, but he is good and wins most of the time.
He's happier, has more confidence, and gets more energy when he does his ritual.
1. Wake up and beat the sun—Why way until the neighborhood is already up when you can be the first one? 2. Write your goals down—Journal your future, don't report your past. You can only write about your mommy and daddy so many times. Your attention needs to be on the future. 3. Urinate 4. Workout—This will give you energy for the rest of the day. 5. Shower 6. Read 7. Eat 8. Listen to music while driving to work that pumps you up.
You don't have to have this same exact routine but do something that fits you. Don't wait until you get to work to get your day started. You should know your targets for the day before you get to the office. In a crazy world you can bring normality, prediction, and control by having a ritual. You need to deliver every day and bring it—and having a daily ritual will help you fill your calendar and be more productive.
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