279: Why a House is NOT a Good Investment
The Cardone Zone
09/29/17
•40m
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Should you buy a house? What would you do if I told you a house is a terrible investment? Buying a house makes you lose mobility and during the last 100 years, adjusted for inflation, the average home has gone up 1%. If it doesn't make you money don't buy it. The U.S. Census Bureau came out with a new report showing the fastest growing cities in America with cities in the south—specifically Texas and Florida—growing at the fastest rate. You need to be in a position to be able to move where the money is.
1)Houses are a bad investment 2)Buy things that make you money 3)A house is a liability 4)You need to have the ability to move quickly to follow opportunity
I talk in black and white terms a lot, so keep in mind there are always exceptions to rules—but don't go and buy a home!
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278: How to Handle Chaos
September 1, 2017
•24m
Bad things happen to good people. Hurricane Harvey is a perfect example of this. People didn't plan on this happening—and that's why you have to be financially prepared in advance. As I just flew back from relief efforts in Houston, I'm reminded of what I talk about in 10X Rule—people underestimate the effort required to keep the show on the road. When chaos comes, when the hurricane hits, how do you handle it?
1) Stay Committed to Success & Prioritize— On Tuesday I wasn't worried about who was going to handle the supplies in Houston, because the first step was simply going to CostCo in Miami to get the supplies. You don't need to figure everything out from beginning to end, just start by going A from B. Get moving!
2) Your Safety and Success First—Put yourself at risk, not in more danger. You can't help anyone if you get yourself hurt.
3) Start Getting Products/Results—You need to have something to give when people are in need. Products are solutions, and solutions give results. The fact is, the only way to fix chaos is with results.4) Economics - Start raising more money through whatever means possible and use the money to solve more problems and prepare for the next chaotic event. I got many of my friends to donate to Hurricane Harvey relief simply by stepping up to lead. We live on an economic planet, so you are not going to solve chaos without money—sorry, it's not going to happen.
There is no class on chaos. You're taught how to read and write in school but nothing on how to handle chaos. How silly is that?
Handling chaos is one of the most important lessons you can learn in life. It was 22 hours turnaround time from the idea I had on Tuesday of bringing supplies to the people of Houston to the landing of 10X airlines in Houston on Thursday. I told my COO on Tuesday that I wanted to bring supplies to the people of Houston because the city is so close to my heart.
As many of you know I grew up nearby Houston, in Lake Charles, Louisiana. I started my business in Houston and lived there for several years before moving to California years ago. When I saw there were millions of people affected by the storm and the recovery efforts were needed, I knew I needed to take action.
There was a severe need for basic supplies for residents and relief workers. The people of Houston couldn't wait, and I wanted to help the city and the people that have been so good to me... so I asked others to join me in the support.
After packing my plane full of supplies and flying into the area to contribute goods to the efforts, I still want to help, so thru Sunday, I am donating ALL proceeds of 2018 10X Growth Conference tickets to our relief efforts here https://10xgrowthcon.com/
If you have been thinking about how you can contribute, this is it. Let's show the people of Houston what 10X is all about
Next Episode
280: Best Tips You'll Ever Get On Money
October 6, 2017
•51m
How many money tips are out there on the internet? There are just 3 you need to know:
1. How to Collect it: Get a salary, make sales, get bonuses, make income! This is where exchange comes in. You need to tie yourself to revenue. 2. How to Keep it (to use): Why do you keep money? Once you collect the dough, you've gotta quit blowing the dough. But you only keep the dough for one reason, which is... 3. How to Multiply it. This is where real wealth comes from. You don't want to add, you want multiplication. Don't put money in things that will go down in value. By the way, cash goes down in value.
These 3 steps are active. All 3 are necessary for wealth. Many know how to collect who don't know how to keep or multiply. The sad truth is, though, most don't even know how to collect money. This is why I'm pushing every day to help give people the skills they need to make their life easier!
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