249: Stock Market vs Real Estate Investing
The Cardone Zone
01/13/17
•61m
About
Comments
Featured In
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.
Previous Episode
248: The Economy & The Fed
January 6, 2017
•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
250: Economic Expansion
January 27, 2017
•33m
Grant is in the Cardone Zone every Friday at noon EST. Are You Ready for Economic Expansion? Will Donald Trump be good for the economy? If the taxes go down and the debt goes up, there will be big expansion for probably 2 years. People are getting confident and they start spending money. When the economy expands, here are 5 things to prepare you for when the table gets turned:
1.Increase your Think—Have massive goals. Think big and then 10X that. 2.Reduce the Time—Take time out of the equation. You need to shorten deals. Don't waste Saturdays. 3.Fill your pipeline Up—Always have so much going on that no one deal is that big to you. 4.Stay Super Focused—You don't get this from CNBC and Facebook. Train daily to stay sharp. 5.Follow the Money—Don't just hustle. Sorry Gary V, it's not just about the hustle. You need skills. 6.Stack and Pack—Keep saving money and put it away. You'll need it later.
Whether there is economic expansion or contraction, you need to figure out how to prosper in all situations! Get on www.Cardoneu.com today it's your last chance for lifetime access.
If you like this episode you’ll love
Promoted