248: The Economy & The Fed
The Cardone Zone
01/06/17
•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.
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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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249: Stock Market vs Real Estate Investing
January 13, 2017
•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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