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The Cardone Zone - 323: G&E "How Hard is it for you to Change"
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323: G&E "How Hard is it for you to Change"

The Cardone Zone

05/16/18

43m

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You've got a lot going on. You run a business. Marriage. Your kids. The ability to change is vital to your success. You can wish or meditate but, in order to change, you have to make or become different. When I was 25, a mentor told me something that I'll never forget: "To change, you've got to change." How do you change? Do you make gradual moves or do you wait for the grizzly bear to come rip you apart? You don't like to travel. Travel more. You hate flying. Go on more flights. You don't like sleeping outdoors. Maybe you need to take a camping trip. Remove your rigid thinking. All Change Starts With You!

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Ezra Firestone came to my studios for an exclusive interview on how to run a multi-million dollar e-commerce business. If you're interested in selling things online, don't miss this!

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1. You're not buying: If you don't buy, it's because you don't know what you're doing 2. Buying too small: This happens when you become scared thinking that big deals are riskier. This is false, small deals are riskier. 3. Buying on a Budget: don't be confined to what you can "afford". Don't have a budget when you buy, have a budget when you own. 4. Believing the Pro Forma: don't put significance on a fairy tale. 5. Underestimate expenses: taxes and insurance aren't fully understood. 6. Not funding Capital costs—roofs, carpets, etc. need to be funded, so set some aside for when you will need it. 7. Over leveraging—borrowing too much money. 8. Under leveraging—not borrowing money. 9. Buying on CAP rates: If you're only looking at 8 caps, you'll miss out on good deals that don't fit your criteria. 10. Not knowing: ignorance is not bliss.

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