If Your Income Projection is Flat, You're Dead
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
You might be making $25,000 or $300,000 a year, but if you want to become wealthy you need income first. You can be in poverty, you could be making $35,000 a year with a family of five, you could be a single mom making $9 an hour or maybe most or all of your money comes from the federal government. We all start from somewhere. Maybe you’re in the middle class and stuck at $52,000 a year, having “just enough” money to never have any leftover at the end of the month.
Regardless of where you are on your wealth journey, the key is that you start getting on an upward trend. You need to start consistently increasing your income.
Check out this graph below:
Everyone making under $100,000 per year is at risk—they are flat lining. When adjusted for inflation, there are four groups compromising 90% of all earners in America—those are the 4 lines under 100K. You can see it’s an almost flat graph since before 1970. The lower you go the flatter it becomes.
If you aren’t increasing, you are at best breaking even. There are 28 million small businesses in America and over 67% break even or lose money. Bitching, moaning, groaning and complaining about it won’t change the facts. You need to make more money to protect your family.
I made the decision to get rich years ago because I was sick and tired of being scared all the time. Since then I spent a lifetime studying how to get out of the middle class, not to get further entrenched in it.
If you don’t scale your business it will soon fail to be a business. There are only a few reasons you are flat lining with your income:
1) You don’t have enough skill
Doctors make a lot because they are highly skilled and trained for years. You don’t need to be a doctor, anyone can up their sales skills and increase their income. You don't need to be at college for 8 years.
2) Nobody knows you
Obscurity is your biggest problem. People won’t buy from people they don’t know. You’re too small and won’t spend enough to get known.
3) You don’t grow fast
Expansion requires massive actions. Doing anything normal will only get you more of what you’ve gotten. This is why people continue to flat line and eventually decline.
Start thinking massive expansion, getting known to the world, and sharpening up your sales skills if you want to be a 1%er with an income that isn’t flat lining on life support. Come down to 10XGrowthCon this March and take the first step to getting your financial house in order. If you are already crawling or running with your business, come to the conference and BLOW UP your potential networking and learning from the top entrepreneurs and business people on the planet. Learn more here.
Be great,
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."
General Manager at D&S Farm and Garden Supply LLc
8 年well written
Market research in dollar related assets.
8 年eye opener, either keep growing or die
shipper at Toyota Motor Corporation
8 年Hmmmm.....you left out the lowest income bracket of MLM/Network Marketing which is somewhere between $0 and $5000 (actually it starts below $0 as many actually lose money).
Independent Executive Gold Associate with 7kmetals at DDD Inc
8 年Agree! So join us and do something about it while Having FUN! Collect gold & silver and earn an extra $1000 per month or even per week in your spare time!!! Nothing like it ever! Watch the 3 minute video then click on the join tab of my website www.7kmetals.com/bob and team up with us in our driving leg! Thanks, Bob www.7kmetals.com/bob
Helping six-figure business-owning couples manage money & emotions to achieve lasting Financial Dignity?
8 年Relistening to all of your books right now. I need a strong dose of Uncle G to keep my motivation high. Dominate, baby! :)