3 Biggest Money Secrets - Grant Cardone

hey hey I got something I want to share with you I love your input on it by the way I'd like to know what you think about I want to talk to you about something near and dear to everybody's heart money why you don't have it maybe why you've struggled with it why I struggled with it for sure let me just give you a little walk around the office first let me talk to you about money and I share three things with you about money that I promise you if you just sink this in it'll change everything for you at least about money and how you think about how you deal with your day and how you spend your money how you invest your money nobody ever taught me this man I wish I didn't okay this right here money what is it worth really good okay who decides what's it worth look at all these guys in here Becky you know what these guys are doing they're on the phone trying to make money so they will by the way they will make money all these guys make a lot of money back they'll make money then the question is going to be what are they gonna do with the money once they make it you know Warren Buffett says people that learn how to earn passive income will be free one day from having to work for earned income meaning the goal is have more passive income than earned income those guys right now earning income the smart ones are going to figure out how to take their earned income and use the money to not just buy stuff but to also invest that money's that money does more than just buy junk let's just face it okay who decides or determines what money is worth so this money I've been showing to you by the way it's worthless okay because I think it says they don't here somewhere this is a copy this is fake money this is not real money this on the other hand by the way it's on the other hand is real money okay real $100 bills and Franklin's on them there's no sign of copy what are they worth for these worth any more than these and if so why and who determines what they're worth you know when I was doing that when we started this video and I was showing you this money you you thought this money had some value oh by the way the only value this money had was me using it to demonstrate this video to you this money right here this is the first lesson that you need to learn about money this money right here while you would give it more value you would have signed more valued than this money over here because it's not a copy this money okay only becomes valuable when it's used I put this one out of this bag right here you ever seen me rolling around on the back you can pretty much guarantee if you need to pick up two or three grand o grants got his two or three grand emergency money right here zipped up with a passport because I'm ready to leave the country in any given time now now I'm dropping into why you want money okay is that money valuable as it sits in that bag Johnny would say no Johnny the camera guy that got shooting this but saying no what is this passport valuable while it sits in a bag or the safe or in your back pocket dude it's only valuable when you walk through and you want to lead the country and say bang it stamp it hit it let's see where I've been lately I'm getting ready to go to Mexico London Dublin Dubai India the sea I can't even read this where is that oh my god that was Russia or Bulgaria so when is the passport look I need it all the time right I need the passport all time passports money okay they're kinda like toilets you don't you don't always use the toilet but when you need it you get it money when is money worth something but this money can only bring me peace of mind right now I got the money in my bag in case something happens this money does not become valuable though until I pull it out of the bag oh here's some 50 to 20 yeah yeah that's right so said this money is only valuable win okay first lesson I want to share with you money only becomes valuable when it is used money is not valuable in the bank money is not valuable sitting waiting for your retirement it might give you some peace of mind some some idea that your your your you're gonna be fined and you're gonna be protected you know when you stop working and that you're gonna build a retire and live happily ever after because you have money sitting on a 401 K or a time and account or IRA or you got a bunch of money sitting in savings council but the truth is you're you you can't produce money when it's it's in the bank money is only valuable only valuable when it's used okay so if I want these sunglasses right sunglasses protect my eyes put them on make me look cool okay I had to trade I had to trade five hundred I think it was $70 ridiculous I mean just completely stupid because you know I'm a scratch him or I'm gonna lose them or they're gonna end up on my head like this because that's what sunglasses all do but I traded basically five hundred and seventy dollars of someone else's money second lesson all money is someone else's money I'm writing these notes down because I don't want to forget right okay because in life when you observe life you will learn for life okay when I observe when I learned then I want to like duplicate it replicate okay money is only valuable when it's used and all money all money is someone else's money it's not your money right and this is a problem people have cuz they're like I get a little bit of money and then I want to this watch they never take advice from a millionaire you a millionaire gets a little bit of money and the first thing they won't do is protect your money God makes 100 grand first time in his life he wants to protect his hunter he makes 5,000 first time he wants to protect it he goes into protection rather than going out and getting more money this is why people become complacent this is why so many people go out today and just ask people hey you making enough money i'm darren tu 60 to 70 percent of the people you ask ask ten people six to seven never gonna say no I'm good they can barely make ends meet no I'm good man you want to make more money you know money's not everything money won't make me happy you know I'm fine they're making sense they're complacent with what they have why cuz they're trying to protect it rather than they get go get more of it and by the way they think that the money that they now have is theirs okay back to the example I want my sunglasses okay I got some money money sitting around I see these shades I'm like dude I want those shades now these shades can never make me money but they can give me that cool look ready hey brother we come in if you like the shades I think you're pretty sexy by the way I did not buy these shades because I would never spend five hundred seventy dollars somebody bought those shades for me but just for the example let's say that I traded five hundred and seventy dollars for these Versace zoar whatever they are that money gets used I get my sunglasses I look cool now the question is was it worth it was it worth the money okay obviously whoever bought me these shades would rather have given me a gift of these shades than the $570 your normal reaction my reaction will be this there's no way those the sunglasses are worth five hundred seventy dollars but I want you to think about it in a different way the person that bought me these sunglasses who I have a complete total image of right now good dude generous guy smart guy spent five hundred seventy dollars of someone else's money put the money to use rule number one put money to use gave me the shades a gift to me wrote it off as a tax deduction and built his business because I know him now he knows me and he paid for a connection okay money is only valuable when it's used number two money is never yours money all money that you will have today all money that you have in the bank all money you will have in the future is someone else's money it's it's in their hands and it wait so third rule I want to give you this once you get surplus money once you get surplus money the most important rule and money is earn it keep it three the third rule is how do I get money to multiply how do I get money to multiplies so then I have money coming in from different sources all right follow me around again you need different sources okay I'll give you one example right now we're doing our textbook conference okay you have to have sources coming in from different places there's got to be money coming in from different places this is called multiple flows of income one example one project okay you would never assign one seat what you want is this okay I want a bunch of different seats I want ambassador seats at ninety five bucks hero seats I've given away literally giving these away to firemen why would I why would I give two and a half million dollars where the seats away if money's so valuable this money is only as valuable as we assign value to it okay super lesson money is only as valuable as the people that abbit assigned value to it I thought it was more valuable for me to have 5,000 people firemen policemen Marines Army Navy nurse nurses first responders I thought it more valuable for me to give those seats away and get sponsors to support me and given those seats away and help people that literally work their asses off every day and are underpaid constantly I mean can you imagine being a fireman paid 70 grand a year to walk into a building and maybe lose your life but that's what they do how about the policemen nobody likes him nobody respects him he's paid 60 70 thousand dollars a year to protect people that don't like him okay so what I did was I gave away a bunch of these seats I have a real estate section here these seats are like 2,500 bucks VIPs are 5000 premiers are 10,000 in diamonds or 15 grand why would somebody give me $15,000 up there money no no somebody else's money why because they want to use money to get access to me and Steve Harvey right see they're thinking right you understand so which one is the third lesson here you need multiple flows of the income you need your your money invested once you earn money get multiple flows of income going Starbucks has how many different copies there they don't just have coffee they got frappuccinos got you tea they got cappuccinos they got Express those coming this way they got macchiatos thank you okay let's see what am I trying to show you right here multiple flows of income I'll give you another example I've written a number of books okay wrote a book called the millionaire booklet by the way if you want this book I'll give it to you all you got to do is hit the link below I'll give you that book I wrote a book on closing the sale the clothes of survival God why am I telling you this I'm not advertising my products to you right now what I'm doing right now is showing you you need multiple flows of income okay I got a real estate book you can get this book for free grant cardone com4 slash free books Oh golly I want it for free you know because people think freeze good because people are all hung up on money okay I don't want anything free I mean I'll take it if you give it to me for free but more I can't read it to you for free okay it's the content you want not the price that matters the price of something doesn't matter as much as the value inside of it the 10x rule that's the fourth book I wrote sell or be sold first book I wrote if you're not first you're last a New York New York Times best seller seven books I think that's seven books three six yeah the real estate book something's missing in here thirteen business programs okay why is that important because you need lots of inventory you need lots of inventory so what I what I do I exchange time energy and money to write these books so I could distribute different titles different subjects to lots of people so that I could do what connect with people we're told as kids save you money protect your money don't waste money okay don't play with money folks money money is useless number one money's useless two is used number two all money is somebody else's money one two three four seven twelve thirteen fourteen fifteen sixteen seventeen okay 25 26 27 28 31 32 33 34 35 36 37 38 39 40 what's our 40 people I give money to that's valuable I trade my money or someone else's money with them so they work on my projects I give them money I get into a place to work I give me my mission I give them objective and I trade money for that this is the thing so many of us don't know okay buy time by time it's two more guys outside it's pie time how do you buy time this is what all the super wealthy people do super wealthy people all buy time I've been studying wealthy people since I was probably 20 20 19 or 20 years old so sorry one two three four five six more okay I got a refrigerator back here icebox I got a kitchen okay now I have to spend money for this I bought this building I gave 16 million dollars for this building so my people 16 million dollars stroked the checking to get the bank out so I could have this place refrigerator electricity all this costs money why why am I telling you this right now because from the age of 15 when I first started being highly interested in being an entrepreneur to the age of 45 30 years I did not know this I held on to my money my money by the way it was my money lesson to know money is your money all money is someone else's money everything I bought this place for whatever I paid for 16 million okay I did that was somebody else's money see all these guys two four six another forty five people back here okay my talking rant cars you know just literally just thinking about to get their money I know Ruth is somebody else's much is the most important simple lesson you will ever learn about money whenever a t16 K he's on the phone talking to somebody else everything that you want in your life by the way Mike bhana it's got four kids a beautiful wife okay he works his ass off six days a week sometimes seven why so he can get money and then he takes that money he takes care of his family he takes care of his mom his dad he gets rid of the money he doesn't keep the money if you guys did have money in a bank account right now in a savings account in a retirement account what are you doing oh you're doing is feeding the bank you're feeding the bank Curtis ass ass Kayla open up the other side you're feeding the bank the main wants you to keep to keep money in the bank you guys are all Pinto save your money save your money gotta save you money save your money what far use money use money quit worrying about the money worry about making a phone call okay worry about time worry about how to be more effective and more [Music] everybody needs car I mean unless ubers gonna pick you up and bring you back and forth to work every day you don't need this this is stupid it's just ridiculous I mean this is dumb unless I can figure out how to write it off he pays 300 bucks a month for this it's not a good investment but but he needs a car to get back and forth to work okay this is Robert Sisler's car Robert she opened it Roberts is closed car he's got a little car he's making a little money it makes him feel good okay but but look if you're gonna spend all your time and energy on fancy belts here's my fancy belt okay there's my fancy belt that I found on sale for $19 and that belt ain't gonna make me money holds up my damn pants and maybe if I make the smart decisions with money what will be worth more this money or the 500 it cost me for that flag way I was brought up you wouldn't spend this money to advertise your brand you'd keep the money and never get your brand out or would I rather trait somebody else's 500 remember all money is someone else's money to get my car down Capitol flag up your mom and your dad didn't teach you it's a lesson you have to learn okay am I better off going into the marketplace working really hard collecting enough money from other people okay going through the rejection going persisting through all the turndowns and and the no-shows and the disappointments so that one day I can buy a building and put my name on it so people could come here and I can expand my brand some more see that would be a smart use of money maybe a bank was here and so rather than by the way I was renting from the bank the bank was my tenant and I bought the building and the paint became I'm sorry I was the tenants mate I was the bank's tenant and I flipped the deal bought the building from okay would you rather have a house where am i walking you through an empty building right now I don't know my own home I only know an office building right now I can kick it through I can come back through here I didn't know we can come in through here yeah well that's cuz nobody knows that it's a secret secret thing now I can't go back that way though okay so see I want access I want space I want to build a higher people I want to be able to blow through that wall over there love that wall I'm gonna create a course room so I can bring clients all over the world here they can spend three and four days doing courses with us so I can educate more people okay back in money back to money what am I talking about this is my County Department how you doing counting department good people right here okay they count the money they don't make money by the way I don't make money either I click I get attention I collect money I just changed valuable valuable things things more valuable than money I trade books information education webinars events speaking engagements coaching we exchange things with people everything you want someone else has okay we exchange valuable resources information tax people those people exchange money with us by the way the guy that paid the five hundred and seventy dollars for these shades man I think you dude okay we're gonna do a lot of business together because you traded five hundred and seventy dollars of somebody else's money to give me a beautiful gift maybe look cool and I never bought these shades I would have never ever bought these shades cuz I'm cheap cheap I was brought up to be cheap I'm looking for the best deal my whole life I've been looking for the best deal when I should have been looking for the best people I should have been looking the whole time to sit with these people okay to sit in a room for three days with 35,000 entrepreneurs to sit with them and figure out what are you doing okay how do we connect how do we network I was not educated trained how to network I was trained how to work and save my money remember what Warren Buffett said he said look the person that never invests will spend their entire life their entire life working for income okay once you get your money you got invested so so things that I buy today when I accumulate enough money first thing I do is I invest all of it in my business I showed you I bought a business there I rented this place this place to go coffee millions Marlin Stadium ten million dollars I'm trading ten million dollars russell brunson said how even how do you do that dude I said dude I'm trading ten million dollars in somebody else's money to have to have to have this park right here and then you show it to you to rent a park to rent Marlins stadium for three days so I can bring people together and spend time with clients investors so is that a good exchange does money have any value really oh yeah what's what's it worth 10 million dollars to run your own event or 10 million dollars cash what would you rather have okay would you rather 50 million dollars cash or 50 million dollars and you go anywhere in the world anytime you want as far as you want as long as you want at a moment's notice okay what would you rather have I love the hip post in comments what would you rather have 10 million dollars or run a three-day event would you rather 55 million dollars or your own jet you got to make a decision what if you had all the money you wanted but you didn't couldn't couldn't couldn't get a passport how much money would you pay for a passport if you wanted to get out of the country you live in anything okay you got people coming from South America right now trying to get in America they'll do anything for this passport anything money's not about as valuable as you think it is but you need it okay so number one less remember money's only valuable when you use it to all money is someone else's money I bought this jet not this model they gave me the model okay I bought the jet with someone else's money when you get this impregnated into your head into your cranium your life is going to change okay but you got to quit wasting money on garbage the third thing is this when you start investing investing assets that are real so so so what the last thing I want to tell you you should money as an investment if it's not gonna make you more money like other than food water housing you need a place to keep you warm all other money all other money except for basic living all other money should be one tax-deductible into it should make you more money or at least have the potential to make you more money listen only spend money my own money I would never buy them some classes but I would buy a studio see I would use the money for studio I wasn't taught this I spent five years in college they didn't teach me in college what to spend my money on I'd spend it on ten or twelve what are those called back there on streets okay I'd spin her a smart board so I could educate people I've spent it spending on a studio I would trade somebody else's money that's now my money with Francisco so now it's his money so he can create great video with me I'd do the same thing with Nathan right so I'd have lights I'd spend money on lights why one is tak stood up to deductible and to number two it has the potential to make me more money okay look I hope you got a lot out of this if you don't know who I am check me out I know this was a long-winded video sometimes you just need to spend money to eat so that you can make money earn income so one time in the future sometime in the future you can invest money and you never have to worry about eating again go wherever you want when you want and rather than buying dumbass sunglasses one day you can make a dumbass decision like a damn private jet put your name on the back by the way tax deduction with the potential to make money there's my three tips hope you enjoyed them post below if you did hey by the way if you didn't don't just hit dislike tell me why don't just be a punk tell me why you like have you given up on money yet maybe that's why you didn't like [Music] [Music]

Channel: Grant Cardone

Views: 1,226,724

Rating: 4.8912263 out of 5

Keywords: money, secrets about money, business, how to invest your money, entrepreneurship, bitcoin, money secrets, value of money, work life balance, stocks, real estate, economy, yt:cc=on, cryptocurrency, stock exchange, grantcardone, income, crypto, entrepreneur, how to invest, economics, how to become rich, grant cardone, money market, inflation, wall street, work, why you dont have money, real estate investing

Id: YKt318dJiss

Length: 27min 15sec (1635 seconds)

Published: Wed Oct 31 2018