Empire Building Made Easy
Grant Cardone
Private Equity Fund Manager & Real Estate Investor ?$4.5BAUM ? Cardone Capital ? Cardone Ventures?10X Health System ? Author ? Cardone Vets ? Cardone University ? Real Estate Bitcoin Investment - Text (305) 407-0276
How quickly is wealth lost? 70% of wealthy families lose their wealth by the second generation, and a stunning 90% by the third. People that create wealth are often obsessive, but their kids aren’t as hungry. This is why it’s important to educate your children and spouse about wealth and money management so the empire you build won’t turn to dust in 75 years. You do want to build an empire, don’t you?
There are 3 simple steps you need to remember to build an empire. First, you need to get money, then you need to keep it, then you need to invest it. Get, keep, invest—3 simple steps. Most people don’t know how to get the money, many can’t keep it, and very few know how to multiply it.
#1 Get Money—Look at income possibilities not how to cut expenses. I am not trying to get smaller, I am trying to expand. Think expansion and acquisition. How do I get in front of more people, help more people, collaborate with the right people and ultimately grow? When it comes down to it, you will need skills to get money. If you don’t learn how to sell, you won’t ever get enough money to invest much of anything. The problem with many people is that they are just punching a time clock at a job. You have to ask “Who’s got my money?”.
#2 Keep Money—Many people have a problem with keeping any of the money they get. If you make 6K and spend 6K, what good is that? You’re broke. You want to be in a place where you can first get more money so you can be able to save some of it. If you are only making 50K a year, don’t worry about keeping the money because you’re broke. You need to first learn to get money. Invest in yourself and get skills so you can at least get over the 100K mark and then start to save.
#3 Invest Money—For those few individuals that can get money and are able to keep a good portion of it, then and only then should you think about multiplying it. If you don’t have 100K saved, you aren’t ready to invest. Keep getting more money and keeping it until you have 6 digits in the bank. I personally invest in real estate—not stocks. How you invest is up to you but you better know what you are doing with your hard-earned dough.
Don’t be in denial—we live on an economic planet. Each day you must deal with money. Finances and economics are the main topics of everyone's adult life—whether you accept it or not—your life revolves around money. When you go to the store, the gas station, have to pay the rent, go online, when your kids need clothes, or when you open the refrigerator and discover you are out of bread, milk, and fruit…you need money.
If you don’t know how to get money, you will never have an empire. If you can’t keep it, your family will never be wealthy. If you don’t invest, your little pile of savings will soon be gone. Get money, keep it, and invest it—it’s really that simple—but if it were easy wouldn’t everyone do it?
Get obsessed with building wealth. My new book Be Obsessed or Be Average is coming out in a few weeks and for everyone that pre-orders today, I’m going to give FREE access to 13 Mastermind sessions.
Be great,
GC
Grant Cardone is an American entrepreneur, New York Times best-selling author, speaker, motivator and online sales training expert. Cardone is a respected, highly regarded master salesperson whose passion is to teach people how to sell themselves, their products and services regardless of economic climate. His books, audio packages and seminars provide people of all professional backgrounds with the practical tools necessary to build their own economies towards the path to true freedom.
“Success is your duty, obligation, responsibility."
President at GL McClendon & Assoc LLc
8 年Boy this was great!
Car Salesperson at WEBB'S USED AUTO SALES
8 年There is also a mental slavery that needs to be broken, statements from loved ones meaning well because it was drummed into them like, "Be happy with your lot in life", Don't rise above your station" (an old working class statement I heard a lot growing up) "Don't make waves or you'll be labeled a troublemaker" Habits that need to be broken and it is something we need to make sure we don't shackle our own children to. Already preordered my book first time I got the alert from Amazon just hanging out for the delivery and there was no offers of coaching when I did my pre order so if you haven't already you need to read every GC book so far all have been great reads and worth more than the asking price, way more.
Entrepreneurial | Networker | Personal Transformation Mastermind empowering people to Reach for their BIG Dreams
8 年Love You Grant!
??????Ex Laywer > High Ticket Closer I help ambitious women quit their 9-5 and make more money in remote sales! ??$5 Million in Sales closed ??????$1 Million managed ??Learn a high income skill (free training)
8 年Philip Yee