265: Never Get Your Advice From a Millionaire

The Cardone Zone

06/02/17

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41m

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Never get advice from a millionaire. Don't get advice on what the view is like from someone half way up the tree, they can only tell you what they think the view is going to be. That's why you don't want to get advice from someone not even half way there. The problem with the Millionaire Next Door:

1)Think is too small—There's not enough zeros to last you any length of time 2)Conservation mode—Spend all energy trying to save the million. 3)Math doesn't work—$33,000 a year is no money. You can't just quit after making $1 million

When you have a million dollars, you're scared. Don't be the millionaire next door who is conserving the little pile they have. To make your money last longer than your clock, you need much more than $1 million, so never take financial advice from a mere millionaire!

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Previous Episode

Special Edition: Gary Vaynerchuk & Grant Cardone

May 30, 2017

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30m

Grant Cardone talks with Gary Vaynerchuk in today's Power Players. Gary has built businesses his whole life. He grew his family's wine business from $3 million to $60 million and started VaynerMedia, a social-media focused digital shop that helps Fortune 500 brands tell their stories and drive their business results. Gary has written 3 NY Times Best Sellers and does the #askgaryvee show along with much, much more.

In today's episode Gary talks about his upbringing coming to the States from Belarus and how entrepreneurship is in his DNA. Is entrepreneurship something in our DNA or is it something that must be trained? Gary hated college, but was able to master Madden 94 along the way. He worked so hard in his 20's that his one regret was that he didn't spend more time with his friends. He tells Grant the best way to build wealth is to think long-term, not short-term. Gary also sincerely believes he works harder than anybody, and his goal is to do just that.

Next Episode

266: Investing in the Stock Market

June 9, 2017

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36m

Where can you find a better return on investment than the stock market? Anything that is not simple, something that you don't understand, you turn control over to someone who understands what they're doing. If you don't know what you're doing, you will feel stupid. That doesn't mean you are stupid, it means the thing is messed up. You don't need the stock market to make money. If you make $50,000 a year, you could make another $13,000 a year in the stock market maybe—or you could just make $50 more every day. There are so many ways you can make an extra $50 a day now rather than giving your money away long term to people you don't know to do who knows what with your cash. Besides, if you make $50,000 a year there is nothing left over to invest in the stock market anyway. Increase your income first before worrying about investing!

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