268: How to Blow $1,000,000

The Cardone Zone

06/23/17

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31m

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How fast can you blow through $1 million? Faster than you think. That's why you need to 10X your finances and become a multi-millionaire. Do you believe $1,000,000 would set you up for life? Never working again? Never answering to a boss or waking up for work? Some people think the answer is yes, or even think $1,000,000 is going to set them up financially to never worry about money again. The truth is, it's really not that much money. If I gave you $1,000,000 today, you would not be able to retire comfortably. Don't get advice on what the view is like from someone half way up the tree, because they can only tell you what they think the view is going to be. A millionaire with a a couple of million to their name is not financially secure—they have not financially arrived yet!

Previous Episode

267: Saving For Retirement

June 16, 2017

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33m

Saving For Retirement...Your mom told you to save for a rainy day and that a penny saved is a penny earned. If you've never been taught to make money, being taught to save money is kind of stupid. You've been taught that you must start saving early, but what are you even saving for? Should you send your money to people you don't know to diversify? People that actually make it put a big bet on one thing. Finances are about playing offense. Who's got your money? You need to make so much money that you can't spend it all. When I make money I get rid of it as fast as I can because money gets bored. Don't stick your money in an IRA, concentrate on investing in yourself so that you can begin to increase your income.

Next Episode

269: Freedom & Finances

June 30, 2017

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47m

Freedom is the power to act, speak, think as you want without hindrance or restraint. Freedom and finances are connected. To get freedom you must focus on income above saving or investing. You can't save or invest if you don't get your income right.

Income—Money coming in.

Expense—Money going out.

Cash—Money left over.

What you can raise or lower the most is what you should have your attention on. You can only lower expenses so much. That's why your attention should always be on income. Don't spend your time on the finite number when you should be focused on the infinite number. Quit focusing on the little you have and focus on what is actually available. 4th of July is coming but most people aren't free—you need to have so much income you don't need a budget.

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