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The Cardone Zone - 320: CZ "The Future Value of Money"
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320: CZ "The Future Value of Money"

The Cardone Zone

05/11/18

40m

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$5,000 is NOT much money. Money goes where money knows, and people who hate money never have money. Broke people don't have a target big enough, because to them 5K is a big amount...but the question is, how do you turn 5k into a million? If you had 5k and add $5,000 every year and earn 20% on it, you'll have $1,125,000 dollars in 20 years. So how to get to 20% returns? If you earn only 10% a year, you'll have just 320k. If my real estate isn't making 20% a year I make it when I sell the property. My deals make 20-30% and my bad deals make 15% when I sell them. You need to know the FUTURE value of money. Listen in for more on the Cardone Zone!

Previous Episode

In today's episode of the Cardone Zone Elena and I talk about the need to always look to add value to your relationships. How do you add value to your relationships? One decision at a time. You can add value to your marriage not only by doing certain things but by NOT doing things as well: getting drunk, spending money, getting into accidents. The more value you add to your relationship, the better your relationship will be and the more value you will receive. Remember this, give, give, give, and the world will open up all it's treasures to you. The same principle holds true in your relationship—give, give, give and you will begin to get back!

Next Episode

You shouldn't invest in real estate if you don't know the market. You have to know about the location and what kind of residents are in the area. When you know what you're doing, you'll make money. If you're not making money, then you don't know something. The real estate is a game about KNOW. The 4 Quadrants of Real Estate are: ● Price ● Down Payment ● Debt and ● Cash-on-cash

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