250: Economic Expansion
The Cardone Zone
01/27/17
•33m
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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.
Previous Episode
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.
Next Episode
251: Budgets for Billionaires
February 3, 2017
•49m
Are you tired of living paycheck to paycheck? You can be making $40,000 a year or $270,000 a year—I know people who do both—and live with no money leftover at the end of the month. What can you do, besides increasing your income? Here are two things you can do to cut your expenses:
1. Reduce your tax bill—There are many things you can do to pay less to the IRS. Make all 9 exemptions. You want the government taking less from your paycheck. Don't pay people, especially the IRS, before you need to.
2. Renegotiate student loans—Why would you pay this right now? Be Donald Trump, say that this deal no longer makes sense. If the president can renegotiate deals, you can too.
The bottom line is that rich people do things that poor people don't do. It's not just what you make but what you keep. Search online about budgets, and nobody talks about the IRS or student loans. These are two huge expenses many people have. Cut into these and start keeping more of your money!
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