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The Cardone Zone - 281: Double Your Income
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281: Double Your Income

The Cardone Zone

10/13/17

35m

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How do you go to the next level? Whether you want to go from 25K to 50K, or go from 200K to 400K, it's not about working harder. There are people that work less hard than you do who make 100X what you make. You're not going to save your way to prosperity; you have to make the decision to make more money. You must learn to hate where you're at in life. Stop hating on others and start hating on yourself so that you keep improving yourself! You need to take time out of the equation. You're going to make 50K this year and next year, but what could you do today to take time out of the equation and make that second 50K that you're going to make next year anyway, and make it this year? Don't abandon your first flow of income. Too many people look for the next big thing and forget about what is already making them money. Always get better at the first thing you do: earning income. Think creatively to earn money. Remember that there is a direct relationship between time and money—they are connected. What do they have in common? If you want more money, you really want more time. Speed is the new big. You need to either go half as far or twice as fast. If you could have more of time or money, which of them would you choose? Time is money. Time is distance / speed, so if you want to get rich you have to do more with your time!

Previous Episode

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!

Next Episode

undefined - 282: Mistakes Your Parents Made
282: Mistakes Your Parents Made

October 25, 2017

47m

What did your parents tell you to do? What advice have you received from them that you've bought into? Your mom and dad were your first mentors. You looked up to them because you thought they knew what they were doing. They taught you that things are scarce, that you must concentrate your energies to save, that you've got to buy a home and not rent, and that you must go to college, right? So, you inherit their mistakes. Your mama is operating with some old ideas. You don't save money, you use money. You're sold an idea on college because it used to be the path to the middle class. Your parents taught you ideas that you can't have, that you need to retreat, and that strangers are dangerous.

Learn from their mistakes and learn from your own successes. Instead of what your parents told you, here's what's been successful for me:

1) Invest in yourself first. This will allow you to increase your income. 2) Invest in business second. Wealth is all about creating more and more income, not saving. 3) Invest in other investments that produce income. At some point you need passive income that works for you while you sleep.

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