283: Investing Ideas
The Cardone Zone
10/27/17
•28m
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Stocks, franchises, REITs, bonds, IRA's, 401K's—these are all places where people make investments with their dollars. To invest means to expend money with the expectation of achieving a profit or material result by putting it into financial schemes, shares, or property, or by using it to develop a commercial venture. You have to write a check, and the goal is not to break even like so many businesses do.
Money desires attention and money follows attention. You will not get wealthy by mistake. If you want an investment to go up, have control in it. Be next to it, don't ignore it. Or have a partnership with someone who is more invested in it than you are. If you have distance and time between you and your money, you don't have an investment you have a gamble. Unless if you're rich, you should have drips every month that remind you what you're making from your investment.
The truth is, Bank of America will not lend you money to buy stock in Bank of America, because they know it's a bad investment. Go to https://cardonecapital.com/ to learn more about what I consider the best investment you can make today.
Previous Episode
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.
Next Episode
284: Money Motivation
November 10, 2017
•42m
People fail for two reasons: I don't know you, I forget you. If I don't know you I can't get you money. If I don't know you, I'm not going to go to your Twitter handle, your Facebook wall, or your YouTube channel—and I'm certainly not going to your website and buying from you. There is no shortage of money, there is a shortage of people going for money. If you are motivated for money, become motivated for attention. I'm trying to give money away, and it's taking work. People aren't receiving it. I have to chase them down. There is no money in your house. Your mommy and daddy told you not to talk to strangers but strangers have everything you want. You can't be obscure! Obscurity kills business. There are plenty of solid ideas and great products out there that never make it into the hands of the consumer. Most of them don't know how to get attention and then they disappear. There are also some weaker products and services being sold to the masses and are very successful. When you look closely, those people, products and services are committed to getting attention.
Remember, I don't know you, and I forget you. If you're money motivated, make sure people know you and don't forget you.
Intro by @jimmccarthyvos
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