Confronting Grant Cardone On Fraud Allegations And Billionaire Status

you don't trust the school system anyway I don't trust anybody I'm holding on to my chips while I talk to you look I went to school I spent 17 years here I gave him a shot of course different than when we were in school it's gotten worse yeah it ain't gotten better and it was bad when I was there I learned how to use drugs in school I learned how to drink in school I learned how to steal in school every bad damn thing I ever learned I learned in a schoolhouse all right I've got my repeat guest from last year none other than Grant Cardone but good to be here bro in person in the whole vibe being the RP Vibe you know like yeah dude yeah we just finished Studio thank you we just finished filming your TV show man tell people about that what do you guys so real estate King this is the fourth city we're doing 10 cities this year uh basically we pick a city to go to we tell people I'm coming uh cities that we're interested in investing in uh so we're in Vegas for this one and uh we'll have a dozen people pictures deals get down to like seven or eight one of these people is going to get funded wow find the whole deal for them it's kind of like Shark Tank a little bit Yeah Yeah shark tank for Real Estate yeah that's awesome so what'd you think of Vegas while you've been out here uh you know Vegas man what a city man it's always evolving you know it's becoming this new thing I remember coming here when all dinners were free I was telling my daughter I used to come here dinners were free hotel rooms are free parking was free dude everything was free yeah like and when the first time I ever came here I think I was 20 28 years old my mom brought me here she said she was my best friend she's like whatever they offer you here don't take it she's like I'm telling you just don't take it and so um but I used to come here man everything was free now I'm paying two grand a night for the for for Encore room yeah dinners are like thousands of dollars and you still get to go downstairs and lose money do you gamble a little bit what do you play I play Blackjack uh well that's the the best well that and craps yeah I don't know I hadn't figured the game out yet but no yeah dude I uh I was golfing with some gamblers and I golfed with the guy who they based that movie 21 off of okay yeah it's crazy man yeah what were y'all playing for just golf for fun yeah okay yeah just for fun so dude I was uh in Miami a few months ago you had this event it was for influencers creators and it was like invite only you spent how much did you spend on that event would you guess I don't know you don't even know it was probably somebody had told me that yeah Grant spent over a million dollars on this event good man I couldn't have that and it was completely free there was no agenda there was no we didn't sell anything to anybody nope you were just like hey I want to give you guys value if you guys need anything I'm down yeah and I got Jared's number Ryan's number I've texted them since then they've been super helpful and then you know they call me and they're like hey Grant's gonna be in Vegas he wants to collab with you yeah and I'm like dude this guy's doing everything he said he wanted to do and I just wanted to say so everybody knows this so like that was to me the best event I've been to oh well thank you yeah it was great it was great to be with you guys and you know it was you know at some point like you know it's it's it's yeah I I've been so competitive for so many years like I was coming out of a place of scarcity really like just like I didn't know what there was no mentors no guide book there was no resource manual I was just grinding out bro like always scared not knowing okay when am I gonna flip the switch will I ever make it you know like I'm I I'm always starting from zero like every single day no matter how much I have or what I've done I'm like okay I'm at zero at some point you look up and you're like if you do the right things you're like okay I got 12 000 Apartments there's yeah it's hard to mess that up and my my other businesses are just crushing it just just beyond anything I ever imagined our funnels are just destroying every day I woke up today to a million dollars oh my God I never ever even thought this would happen right so um then one day I'm like okay what do I do now and I'm like you know what I want to go I want to go back and reach the guys that are doing stuff like I'm doing and see if I can be of assistance guys that maybe are in earlier stages right you know and see if I can collaborate more than just compete right now you've helped me out a ton man uh the biggest takeaway I had from your event was seeing what you were doing with just all the different companies because you know I've got quite a few companies too and I know on one side you hear these guys who are like hey focus on one business one business only and that's it yeah the niches or the riches are in the niches or something yeah and I mean I did that with house slipping for a long time and then I expanded into all these other Ventures and then I see what you're doing with Cardone Ventures and then when you explained it with Brandon Dawson about hey if we have all of these under the same company it just increases the multiple the value there's just so much more we can do and I was like that makes a lot of sense like what is your thoughts on that well look it's it's you know I can only do so many things and and bringing you guys all together these very influential people that have have made money in a lot of different genres a lot of different verticals a lot of different ways some from home whatever what you guys like there was two billion dollars worth of Revenue in that room yeah in Miami annual revenue and I don't know that that counted mine so like oh my God dang there's a lot there's some big money in this room and nobody knows these people Wall Street will not acknowledge you like the hedge funds they don't know who we are they don't know how to make money the way we're making money online it's not even real to them right so much less profitable like if you look at the S P 500 or all the stocks that all the public companies there's I think there's 218 zombie companies on Wall Street that are that lose hundreds of millions of dollars not a little bit of money they lose hundreds and they still have billion dollar valuations crazy based on what was in that room in Miami the valuation in that room is probably more like 28 billion or 30 billion dollar company if we put it all together so that's the concept behind Cardone Ventures and when people start seeing me do 10x Health adding it to the real estate the real estate's real so it becomes it's it's so solid in the cash flows and everybody trusts it and then you start wrapping other companies around it big chiropractor like if we could put together two or three thousand chiropractors two or three thousand dentists two or three thousand HVAC yeah Allison you're talking about a 40 or 50 billion dollar valuation Crazy Life Changes yeah you know yeah when I heard that it all clicked for me I was like I get it that's what all the big guys do like they just acquire all these companies and it just is a win-win for everyone yeah and and that's what I I'm very inspired Now by these other guys that have done bigger things I can't get in their rooms they don't know me if they do know me they don't think much of me probably because I'm doing stuff kind of on the the edges you know kind of disrupting things and breaking things and like what we did at Cardone Capital raising money director retail investors no Brokers no middlemen you know that that's never really been done before you're doing it you know yeah you know what's crazy is I've followed your blueprint like for a lot of different things right I've been re raising from social media and everything else and I've talked to different guys who are family office guys Wall Street guys and everything and they're like how are you raising money I'm like I just make a video I raise money it's on such they're like what are you talking about yeah you're talking Martian or something yeah and then I'm like have you ever heard of Grant Cardone like this guy's like I've never heard of him I'm like how have you guys not heard of him or but to your point these guys are just I was playing at Encore two nights ago this dude walks up oh my God I'm playing Blackjack I think I'm playing I don't know two or three hundred bucks hand and we and I was starting to get a little run go you know so so this dude walks up I think he's from Austin oh my God he's 45 years old white dude really not our Audience by the way right probably 45 to 50 years old uh dentist and says oh my God man I didn't even know if you were real I said okay okay what's up he's like I watch you on YouTube and uh Instagram and I didn't know whether you were legit or not like are you legit and I said well how liquid are you and he's like he's like and he whispers in my ear he's like new girlfriend I'll tell you later it's true story right so um I said no bro I'm Legit like and then all of a sudden the second he walked up bro I started double down bang make my hand another double down make my hand like stay here I'm like bro look look look feel the vibe bruh the cards don't lie I said I never lose in real estate I said I can lose here but I never lose in real estate and he's like you know I didn't know I watch all this stuff and then I see these other videos made about you and is it a scam is it real and I'm like bro I've never lost money in real estate ever I've lost money at these tables never because we just picked these assets that are unbelievable yeah so he does this to me later he turns his back on the girlfriend and says five million wow so the point of that story is uh your head your family fun guy yeah they never thought about going direct JP Morgan Goldman Sachs Blackstone BlackRock they don't go directory you're not talking to a machine right I mean you're not talking to people you're talking to a machine fundrise funrise there's no person to talk to you know you're just getting a uh basically uh a menu of places to eat or things to invest in you're not talking to the chef of the kitchen like what you're doing and what I'm doing is like I'm buying this deal if you don't put the money in I'm I'm buying it anyway and then there's a lot of trust there yeah and the investment Community is completely ignored the concept of direct communication via video yeah they're kind of just going to the middle man hey they're going they're doing what they've been doing these guys are basically addicted to easy money they don't have to work for it just build a relationship I got to go hunting I gotta go hunting with them I need to buy them some tickets to a ball game take them to dinner uh maybe go fishing with them that's it you know it's the same people doing the same thing and that's why so much wealth so much so much real estate has been accumulated without only a handful of people right I really want to spread that out no I love it I love it yeah you and I were talking about this um before the podcast you know just like with haters you mentioned it I mean people say it's Grant a scam this or that I've even had people tell me because after um the event I made a bunch of videos I was like hey here's what I learned from Grant it was awesome yeah you know all these things how much hate did you get just by sharing that quite a few people are like well have you seen this most recent video of this guy or that guy and I even had a people who are like dude you know you need to watch yourself Grant's not like he's not like in your core values and different things and I'm like guys you know I don't know grant that well I know him enough that we've had a lot of conversations I've seen what he does behind the scenes I've seen how much he gave at that event I've myself have been impacted even when we didn't know each other just watching what he does like I highly doubt he's scamming people I can see the real asset I can see the transparency and you know you're still just gonna have people saying whatever no matter what of course man I mean it's you know it's a world where you can say whatever you want to whoever you want about whatever you want like YouTube is a click bait phenomenon like it's like the only way anybody can get subscribers there is to do a video right with a big title um you know and then if I'm not in the video this is what I tell my people or our investors was I in the video did they interview me why wouldn't they interview me it's not like I won't take the interview I'll talk to anybody about anything right so there's videos out there somebody some one of the investors says do you really buy the property and then sell it buy it close it and then 30 days later sell it to us I'm like but do you understand how expensive that would be yeah like there would be a tax implication you guys know how I feel about the IRS there will be a tax complication that means I'd have to get two loans on a deal in 60 days these are massive we did uh on December of last year 2021. we did 1.1 billion dollars for the deals closed 550 million dollars worth of debt on a Friday afternoon how do I do that claim to all our cost seg yep with four days left in the year how do I do that twice in five days right it's impossible right so this is just clickbait people so I know it's going to come as I get bigger as you get bigger it's coming bro it's going to come trust me right then you're going to have some investor that's not satisfied or some customer you know whatever it is what it is like it's part of the game yeah it's just part of what happens when you grow in business you know and while they're doing that BlackRock lost 1.7 trillion dollars just swept under the rug and it doesn't it like it doesn't even make the pages right 1.7 trillion of your grandmother mother father uncle aunt out of some mutual fund and nobody even talks about it because they're worried about you or me being scammers when the truth is well well uh Wells Fargo Bank of America Citibank uh you name it bro the insurance companies the life insurance companies that collect premiums from you every month and never pay how about all those hurricane uh you know when a hurricane comes through Florida if it's a named storm you don't get insured it goes away really yeah exactly it just disappears suddenly as long as it's a named storm so um if your parents have to go because they have dementia and they got to go to um um eight thousand dollar a month Care Center that's not covered by insurance right so plenty of scams on Earth Cardone capital is not one of them yeah no 100 yeah I've got a couple of my friends who are investors and so yeah thank you no problems I mean we pay every month I mean we we send a check we sent out 46 of 40 4.2 million dollars this month I think almost 46 million dollars this year it's a lot of distributions so yeah I love it so today's podcast is brought to you by Future flippers so future flipper is a real estate education company that I founded back in 2018 and since then we have helped thousands of students all across the country learn how to invest in real estate and it doesn't matter whether you're trying to learn how to flip houses whether you're looking to wholesale or build your rental portfolio we've helped everyone in all the different circumstances this even includes people who have never done a real estate deal we've helped beginners get their very first deal we helped other people who have already done some deals scale to doing multiple deals a month and we've even helped people get to my level people to scale their business to doing over a hundred deals a year learning to become an owner of the company and not be involved in the day-to-day and learn how to delegate and hire employees at the highest level so regardless of what boat you are in we can help you out of future flipper we've got amazing events we've got amazing coaches I coach directly in future flipper and I would love to help you get to the next level so all that being said if you are interested in getting a free consultation call a free strategy call to see what it's going to take to help you get to the next level go to futureflipper.com and you can book a call to my team once again check out futureflipper.com to book a call I know that many of my listeners on this podcast are high income earners in fields outside of real estate and they always ask me Ryan how should I invest my money should I go start flipping houses should I buy an Airbnb should I buy rentals what do you think and I always say look a better use of your time is continuing to build your business and your career because you're already really good at it trying to go figure out how to do real estate deals on your own and managing construction and all that stuff is probably not the best use of your time but you can still invest in real estate by joining Panetta Capital we will do everything for you we will find the deals we will manage them we will get them renovated we'll get them rented out and everything else all you've got to do is invest and you're going to get a return on your money so if you want to figure out what what is the next deal that you can invest in you can go to panedacapital.com currently we're only open it to accredited investors only so if you want to get in on our next deal and you want to get on the VIP list definitely go to pinedacapital.com and apply today so tell me a little bit about real estate this year right you know you're you're doing the TV show trying to hunt deals we've talked about you know how hard it is to pencil app deals in today's environment with interest rates but what are you seeing man it's crazy bro this is the you know like that's why I went to France I went to France because I couldn't buy any deals you're gonna go buy a deal in France no but I was like I couldn't buy anything and then when I got to France I'm like where are the homeless people where's the graffiti where the Drex you know like Monica where's all the where's the problems right it's all gone I don't know how they got rid of it then I come back to America man I was in San Diego for that event and I've seen you know blocks and blocks of homeless I'm like man what's going on in America now back to your question uh the federal government the FED whatever the fed's doing seems to be to me to be an extension of covid okay like okay they they shut down the entire world for two years right okay I'm prone to to big things happening I'm prone to ideas that there's some kind of thing happening right but but um the defend the FED raising rates to seven and a half percent there's no reason like what's the point there's Insanity yeah this is this you know I would rather invite Isis into our country I'm serious like this is the worst thing not for me it doesn't matter to me like it's not going to change anything I do so my returns my returns aren't six they're going to be four it doesn't matter to me right um it's going to matter to millions of households it's going to affect everyone else way more than you to like anybody that had anybody that had flips if they planned on Flipping right now in this cycle you're losing money sorry if you bought a deal a multi-family deal value you had two years ago and your loans coming due right now you could actually lose that deal right the guys that are putting rate caps a little more complicated the rate cap meaning uh if I buy if I fund a deal at five percent interests they're going to force a rate cap on me meaning there's going to be insurance that says if it goes above some number seven to ten I get covered okay they're not going to give me a loan today without a rate cap those companies have hundreds of billions of dollars that in a period of 90 days we did we did three and a half percent money in Jan in December those rate caps already kicked in at five those premiums are already at seven and a half on billions hundreds of billions of dollars that these insurance companies may not be able to fund if that spills over bro like everything goes It's A Wrap and then yeah exactly and then there's two hundreds of these of these zombie companies that took on a lot of debt that so why why would the government do this let's hear the the truth what's your opinion I mean what's your conspiracy I don't it doesn't have to be a conspiracy just your the only thing I can understand is the you know divide people from their wealth so if you had equity in a home which is a great place for people to store long term people that work 20 25 years 30 years to create equity in the home they just lost probably 20 percent of their Equity the only the only place they had money right I think they're trying to pull the stock market down but they don't say that they say weird like we want unemployment who wants unemployment is too low we want wages to come down okay okay cool raising interest rates doesn't change the cost of oil you got to have oil and gas you still got supply chain issues exactly so it's like I don't know it's the weirdest thing bro I I I thought we wanted a little inflation right you know two years ago they were saying we weren't inflating enough and now they're saying we're inflating too much I would rather personally have a low interest rate and a higher price right I think everyone would yeah if you're if you're trying to create wealth you want you want you want your asset to go up in value right yeah it's crazy like and raising rates will not change the cost of food no it will not change the cost of um petroleum products well now you're just seeing all these companies because their stock price is way down have to lay everyone off you're seeing you know just even in the real estate industry lenders can't make loans like they used to you can't you lose all refi business that's right you know you're seeing people now have a really hard choice because they can't afford a home anymore with rates so high and then you got people four to four hundred four hundred thousand dollar home in Vegas 400 000 mortgage 410 is the price here median price four hundred thousand dollar mortgage in January was 700 bucks maybe maybe maybe thirteen hundred bucks today that same loan is going to be thirty seven hundred dollars it's exploded man almost three times thirty seven hundred bucks before the PMI which they're going to force on you um uh before HOA fees which they probably have here before maintenance Etc right right so like you can't you can't now if I got a 3 700 house payment on an entry level house and I got 50 000 or 1500 rents down here what's going to happen is this price is going to come down the Market's done come down it can come down but this rent I have rents are going to explode oh yeah the FED will print will literally not only they quit printing paper now they're going to manufacture renters in America yeah and they haven't seen that forever yeah like I I knew we were going to become a runner Nation I didn't know that they were going to like force us into it like it's gonna be like the crack epidemic of uh the 70s right because that's what they're doing now hmm so I don't know why they're trying to stop everything I don't know if this is Biden's idea or they don't want to reelect him they want to make him look bad but it is it's the weirdest thing I've ever seen yeah I just don't get how I guess if you're a Democrat this would make sense for the midterms or anything and I don't get it it makes no sense it doesn't make money it doesn't help people it doesn't it doesn't bring down the cost of food it won't do bring down the cost of petroleum it's going to kill the Auto industry it'll be you know this is probably the scariest recession we'll have yeah in my lifetime since the 70s which is pre-year baseball career pre-i was born career exactly yeah yeah I was talking to a bunch of guys who've been around way longer than me and yeah I think everybody I talk to is more scared right now than they had ever been yeah and the only thing that anybody ever says is oh interest rates needed to get back to normal okay look that that is a terrible argument because the price of a home in the 1970s was 80 grand um here in this town it's five times the the the price of that home is up five times normal is not from three percent to seven percent because you got five times the price to support right and you do not have five times the wages because wages are flat now they're trying to pull them down and get unemployment it's crazy so I don't know man I don't know I just know this I'm glad that I make money online right I'm glad that I educate people like we've been preparing for this cycle now for 12 years yeah everybody's been saying there's gonna be a crash yeah I've been telling Jared every week Jared we got to be in a place where we can literally give our products and services away give our books away we got to be the lowest cost provider converter name find the good ones yeah and you know and have great real estate yeah so tell me about business then let's talk about this okay we we know asset prices and you know all that stuff is going to be changing if they continue doing this if they don't pivot and adapt here very soon so what do you do as an entrepreneur you specifically and those listening yeah so you know depending on where you are right now in your career it would be if you're a waiter you're gonna have to be the best waiter in the world like you can't be a good you can't be good you can't be average you gotta you got to be great if you own a restaurant you cannot search you're not going to be able to serve marginal food yeah you know so I mean if you're not going to be exceptional you're never going to get overpaid it's just not going to happen and you're probably going to be in the beginning you're probably going to be underpaid even though you're exceptional right it's like like there's a lag you got to earn it yeah well I get good at something right and then like the world hasn't you're not so good yet huh the world just hasn't caught up to your greatness exactly and you almost have to hit Celebrity Status you know it almost has you you have and they're like I want to pay you just because I I did business with you so my goal was I just watched a lot of people and I'm like okay I gotta I gotta get great at something because all the jobs that I had opportunities to do there was no real money in it right and so I would just tell people one you got to get great too you should be in something that could scale right and that it's contemporary enough to last right and and so like our event business our event business is not a scalable business I can't do you know three hundred thousand or three million people at an event unless I could you know which is what the Coliseum well no you see I'm doing this TV stuff okay so TV I could scale to three million 30 million if I could hit it right um you can't do that with a Coliseum the live events are not really scalable um single-family homes not scalable but 200 units is right so I would tell people get great get scalable three you got to surround yourself with other people that are doing way bigger things than you are like the network is everything and so what I do is I I continue to kind of recycle my network of people I reached out to you guys yeah and and now now I'm starting to look at some of these guys on you know Wall Street and and in England and saying hey how can I can we get a meeting but they won't have a meeting with me Ryan until I got enough assets to it they're like oh you got five billion huh yeah yeah we can do a meeting yeah oh you're in you're in the south of France on a yacht yeah man let's meet up like all that stuff means something oh you're in Monaco yeah man come see me um all that stuff means something you got to play kind of the old money game you gotta so I'm mixing it up in this world right you know I never forget where I came from but I also have to be willing to leave this world and go Venture into these other environments one thing you said at your event was that you got to be willing to sacrifice advice something to get to the next level and to me it sounds like you know you're having to sacrifice you know how you got to this point to start branching into kind of the ways you've been trying to avoid to this point yeah you gotta I've always had to give something up right so when I was uh you know when I was coming off of drugs when I was 25 years old I had to give up my friends people places things everything everything that I was associated with that drug life I had to give up um and then when I became a public speaker and I didn't want to be a public speaker it's not scalable business mm-hmm so many of the guys that I watched I'm like that's not a business the guy's 80 years old and he's still traveling around the world and pick up 25 000 you know earned income so I had to give up my speaking career to become a business a real businessman right I had to give up you know buying a single family home for myself my wife and the kids to live in when we moved to Miami I rented for eight years wow I took all the money and invested in real estate I had to give something up so this is what I'm always telling people you got to give something up you can't do everything and be good at anything right so you can't play every position on the field right what position did you play second base yeah yeah you were telling me didn't have an arm dude no no I could throw pretty good but it was so inaccurate dude oh okay bro when I was at shortstop yeah it'd be everywhere oh yeah that's awesome that you wanted to play baseball yeah dude that was my that was my dream bro like I'd give up I would give up everything I've done yeah to to play baseball dude I tell people that all the time I'm like this social media thing education way easier than playing sports oh my God you can do this forever too yeah that's true so I got a lot of guys uh Jose altu yeah he's like hey teach me you got to teach me the real estate game yeah and so um because those guys know their career is going to end I talk to them every day man like baseball players Raiders guys out here they're all like yo I don't know when my career is over but you know you know it's over it ends very quickly at any moment yeah but this is great that we can do this forever forever I you know it's fine I got my kid out here man I'm teaching her the real estate game by bringing around she's learning about cap rates down payments Equity what do you want to pick a deal so this is something I've been thinking about you know my kids are three and two and you know I'm kind of going on this path that you've already blazed and I'm like man am I gonna have to like homeschool my kids now to bring them with me and all this stuff what do you think yeah man that's the only way Rose the only way for me yeah you don't trust the school system anyway I don't trust anybody yeah like I'm holding on to my chips while I talk to you I think I saw one on the ground I'm gonna pick it up after this you know yeah so uh I'll Pat her down before I leave here so yeah I you know look I went to school I spent 17 years here I gave him a shot yeah school system school is different than when we were in school it's gotten worse yeah it ain't gotten better right and it was bad when I was there so I learned how to use drugs in school I learned how to drink in school I learned how to steal in school I learned how to cheat in school I learned how to you know I learned everything every bad damn thing I ever learned I learned in a Schoolhouse I learned how to fight there yep so um you know my my sister said what the kids aren't going to be socialized I'm like do you met my kids Sabrina was telling me your life story dude they seemed socialized to me yeah they seem pretty confident her first story was like yes I was on this uh yacht in France yesterday and I'm like there we go but but we so we did that the reason I did it yeah the reason we started the homeschool thing was because one I had a bad experience in school not everybody does but I did and I look back at my my education I don't I look at the things I'm doing today and I don't I don't I don't associate anything that I learned then with what I'm doing today right um so the ultimate reason that we did it was because I wanted to be with them right and I didn't know I didn't know this you parents don't know anything yeah you have a kid and then you start figuring stuff out but I couldn't take them out of school without breaking the law and I'm like what do you mean like if I want to pull them out for a month or two weeks or three days right no you can't do that I'm like let's just pull them out for good I know that's what I was thinking the travel man like I don't like being on anyone else's rules or schedule like that that makes no sense yeah so when are we gonna take a trip what if I want to go someplace well you know you got to get you know approval from the school system and then they'll be held back and I'm like no no we're not doing that right so so they're you know they're homeschooled I mean they can count she's red 20 of those in the last since we've been in France wow in three weeks that's awesome she could she eats books yeah so anyway I don't know if we're doing it right maybe we screw the kids up but you know if we screw them up at least I know I did it yeah some stranger right what happened to your kids I don't know some stranger them up at least I'll be like I them up you know now the the big thing that people ask me is like oh they're going to be spoiled or your kids going to be spoiled look they fly private one of them's never been on a commercial paper I remember Scarlett asked me one day am I ever going to build a flat commercial and I'm like hope not you know and we finally did and she's like oh my God I never want to do this again right so some people are going to be like oh they're going to get spoiled but the truth is my kids give back to us uh we we do not give them money we don't buy stuff for them uh we have them on contracts they work for us they got to earn their whole contract a six-page contract what they have to do for us each year they get a salary for that I'm gonna have to get that from you yeah not an allowance yeah and then depending on how they do during the year they could get a bonus you know um and we take that money I don't ever give them the money right it'd be like me giving her a loaded gun right what do you want to do with this yeah I don't give a kid 30 grand right what I do is I take the 30 grand I move it into Cardone capital and then they live off the distributions Ah that's what she can spend so she'll call me up hey can I buy these earrings uh you got 420 left this month yeah that's all the only way they get money or she could take a loan out like we were in France and they found these things they liked and she's like hey this is going to cost 900 I'm like well you don't have the money but you want to borrow you want to I'll take a loan so they're learning the eight percent interest what's the interest rate kisses just give me extra kisses right so you know they're learning the game like that because I know when you just give people money they don't learn anything man no and I've been thinking a lot about that with my kids as they get older I'm like man going through hard times is what made me who I am you know how do you teach a kid who's gonna grow up in a super nice house and everything around them they don't even like you said they don't even know what flying regular is man yeah it's hard navigating that yeah it is dude and and then you got all these people around you that are telling you what's the right way to do what should you do and I just know they're turning out great yeah you know if they can they're already better than I was when I was 13. yeah and so I don't know look I've spent more time with my Sabrina than my dad ever was able to spend with me more time with Scarlett than any like any either my parents ever spent with me it could they couldn't right but they were they were they were they were under the they were in fear all the time you know like they just did not have they didn't think big enough about how to create and scale a business right they were awesome people but my dad died when I was when he was 52 I was only 10. and he was at work every day it's like he didn't abandon me like he didn't like he was at work he was trying to take care of me and in that trying to take care of me there is a level of Abandonment yeah well I'll tell you the mission statement of the wealthy way is to not go broke trying to get rich I love that yeah and my that's just my mission like I don't work weekends you know I'm home I leave the office at five but Instagram does yeah exactly you look like you're working on weekends hey the team's posting they're making it happen it looks like you're working all the time bro I I've been watching your game there we go like look at him making those moves we're always developing something yeah so while my mind's working 24 7. of course right it should be but office time you know I want to leave here go hang with my family my kids and all that stuff and you know I think a lot of entrepreneurs as you know they get caught up in pursuing money and riches and all these things and they forget about the things that are important and the things they're trying to like build a better life four yeah right yeah I did that yeah I didn't get married till I was uh 47. wow didn't have kids till I was 51. crazy I was grinding bro yeah I went I went one year I went 260 days without going home wow so you just weekend road every day it's crazy it's gone like I was hustling money yeah but back then there was no there was no there was none of this there was no other people to learn from you could read a book you read like some book from some dead guy but there was no you couldn't like in real time go online and have somebody inspire you right to do anything now there's probably too much of that but back then it was like you're by yourself the number one question I get asked by entrepreneurs is Ryan how do I create a personal brand like you have how do I start monetizing social media and I've been asked this so many times that I said you know what it's time to start a business and teach everyone exactly how I've done it if you want to learn how I've been able to grow my social media following to 1.7 million followers in just two years and you want to learn how we've gotten over 500 million views and turn those views into over a million dollars a month in revenue and content Empire is for you you see there's a lot of people who are teaching how to you know go viral on one platform or how to run paid ads or funnels but nobody has figured out how to organically merge the two most people think it's pay to play but if you want to learn how to get organic content build a fan base build people who want to buy your products who don't need to be sold then I want you to go to contentempire.io apply for a free strategy session with my team we will teach you how to build your business on social media and monetize so once again go to content Empire dot IO and we'll chat with you one of the most overlooked aspects of running a business is who you're using for your bookkeeping accounting and your taxes unfortunately most investors go the cheap route and they end up paying for it in the long haul they're not properly keeping books they have no idea how much money is coming in how much money is going out they're really just running off of their gut instead of running on hard data this is where true books comes into play true books is my CPA firm where we have helped hundreds of investors and small business owners all across the country get their books dialed in Pay Less in taxes and take advantage of every deduction that you are entitled to most CPAs it seems like they're working for the IRS we are not that way we want to make sure that you get everything you're entitled to so if you want to learn about how we can help you out today go to truebookcpa.com like I said we've helped out Real Estate Investors we've helped out crypto investors entrepreneurs influencers You Name It We have helped them and we can help you so go to truebook CPA com well the thing I was going to bring up was every time I've seen you your kids your wife are always with you travel in the world at your events just hanging out it's like you've merged that gap of being able to work being able to have family and hang out and all that we only do businesses that support the family in our lifestyle so I'm not doing it I don't do any business with you hey you want to do this deal no it doesn't fit for me right oh you make a billion dollars doing this doesn't fit I don't care so everything fits like everything if I move my my thumb my pinky moves all our businesses I can pitch one thing and it is going to hit two or three other things the speakers that we have on our stages everything when I came down to or when I had you guys come down to Miami all that is moving something else all of it fits together if it doesn't fit we get rid of it right that way I can spend time with her and them and do the things I want to do and be around the people I want to be around yeah I didn't get rich to be unhappy but a lot of people do they get rich and then they're like I'm unhappy and then they say money doesn't make you happy money had nothing to do with this right right well one thing you mentioned earlier was that you were thankful you make your money on the internet right yeah and I've been singing that for a long time because and you also mentioned too that it takes a while for the world to catch up to how talented you are and your greatness and all these things and for me I started making content two and a half years ago right I was unknown before then but I was still good like I was flipping houses grinding doing my thing but people didn't know who I was until I started making content being known right and now I'm just shoving it down people's throat content content content and now I make the majority of my money from the internet right education things that help people you know scalable products like you said right I can't flip that many houses I can't go you've done a lot of houses and I've made a lot of money flipping houses but this internet thing is infinitely more scalable touch on that man like how did you figure that out I don't know because you were a car sales guy you know like you said I was hustling 200 commissions man yeah like when did that because for me immediately it switched I was like this is a better way yeah and then well I didn't have the internet like so so then I was out pitching car dealers I was selling cars and then I started pitching car dealers I'm like let me go to the let me go sell these car dealers worst audience on planet Earth right and hard hard people very difficult right but they had money so I'd go door to door knock on their doors hey I got an idea I can show your guys how to double their sales I started learning my pitch right and this has really built the armor around who Grant Cardone would become like this persistent tenacious grinding but that that's not scalable I remember Gary vaynerchuk telling me he outworks me I'm like we just met how would you know how much I work or don't work I didn't even I didn't even know you till Jared told me about some guy from some other part of the world that was making money selling wine or somebody even know you how do you know if I work harder than you what the does it matter by the way I don't know how that matters like what what's the contest here yeah you know and I said you want to compare Jets yeah that's a contest right so you want to compare who makes the most money that's a contest we can measure I don't know who works harder my dad died working yeah I don't want to do that he worked hard oh yeah he worked hard and died blue heart blew up at his chest so I don't want to do that deal I don't I think it's important that people know you for your work ethic I know you're for your work ethic now I didn't know you didn't do weekends yeah because you had the internet to do this thing for you right so when when I discovered the internet I was 50 uh she had just been born 51 years old um and a guy said hey man you could really do some good stuff with Facebook I said why do you think that he's like well you're you're clearly a teacher you're an educator you like teaching people and I said yeah I was Facebook what's this thing Facebook I ain't got time for Facebook bro I'm too busy worrying yeah and he's like no man Facebook is this thing it's kind of like YouTube and YouTube was pretty new right this is only 12 13 years ago and I'm like but I ain't got the time for no Facebook I was so negative about it and and he walked out of my house I still remember where I was and uh I said man you sound like a really negative person I I was saying to myself and every time I've been that guy you know no I don't have time for that there's always been something on the other side of that closed door that closed mind before you finish can I say yeah one thing you said at the event that stuck out to me too was the thing that you're like hating on or dismissing the thing you know you should be doing always for me yeah the things that I hate on yeah you know like I hate Banks I hate the black Stones the Wells Fargo the Bank of America and the only reason I'm saying that you guys hear me hating on them is because I'm gonna do them I'm going to become the thing that I hate yeah like like I've done this my whole life I know people that hate on me just want to be me right they don't know it right they just they're it's it's it's a flipped version of admiration yeah so when I start when you start hearing me talk about the black rocks and the black Stones man I'm prepping myself yeah so um I don't know where I was at you you finally decided Facebook oh yeah yeah the guy walks out of my office and literally I have a Facebook account three minutes later okay and then we we ended up with six million people on Facebook uh before Facebook basically became a garbage dump and they started uh they started throttling everybody and you can't really get to them but man I've made a lot of money with Facebook until that happened yeah then Instagram came out and I started playing on Instagram I could not figure out Instagram yeah for at least probably four years wow couldn't figure it out now today man that thing is just like we're getting 800 000 views 600 000 views a day yeah sometimes reached 11 million people last week like but it took me a long time to figure it out because it's a different gig right I still haven't figured out LinkedIn YouTube has made me I don't even know hundreds of millions of dollars what's your favorite platform all of them me too I mean that's my I mean if you had to pick what's made you the most money which one YouTube YouTube YouTube's the Beast bro yeah that's where it's at yeah like I I literally can walk around places today I never thought that it would be like this man I grew up in a little town you know nobody knew me you know and I get you get this YouTube look you probably get it yeah yeah people yeah people recognize me but they may not know my name exactly they don't they're like yeah I think uh oh yeah you know they get this look the look is it's a weird look because if if you don't recognize someone there is no look at all this one has something extra it's just a little I know what you're talking about it's weird man yeah and I'm like oh you got he got the YouTube look he's gonna come over say hi which I love I love people saying hi right uh I can't imagine making it to The Rock status you can't go and you can't go anywhere you can't go to the grocery store you know but you look the first time I saw social media I was like well how often can I post and they're like there's no regulation on posts anyways that's some good that's free what can I say what can I say anything you want I said bruh well you used to be able to do that yeah this was before covet yeah um so but but I mean pretty much you could still pretty much say you can say you're the best right right you can't say hey I'm Gonna Make You A Millionaire yeah or you can't do a lot of the weed stuff right but but you could say you're the best yeah and I like that because I don't mind telling people I'm the damn best the first time I heard mom and Ali say I am the greatest I was like God damn why are you not saying that he's not even white and he's saying it and this back in the 60s man I'm like how much courage does an individual have to have to say that to the world right and then I'm like but if I say it people gonna be like oh you're bragging like I get on my plane and people like why are you showing your plane off uh because that's the plan I'm getting on what should I do should I take pictures of me getting on Southwest when I know I'm flying out on a Gulfstream 650. it's mine this is stupid what people say right right so um the social media for a real estate guy right because you're doing both you're doing something very real that you can either keep the asset or make some money on it sell it and then you're doing this internet thing this like not real it's this whatever this thing is right uh to me the combination of those two worlds is like a superpower I think it's like the ultimate cheat code it is this because all these other real estate syndicators that raise money when the real estate takes a big dump and it will in this cycle um the only place they get money they need acquisition fees exactly yeah so they'll do bad deals to get their fee whereas you and I can go through education I don't need any money that's why anybody invested with me at Cardone Capital was always going to make more money than if they did it with an institution or a fundrise or any of these people because I don't need to steal from the fun right if I need money to pay for anything I'm like hey man click the link right now okay here's a free book I mean I know how to do that stuff right and the real estate world will never ever be able to catch up with that right and most of them don't have the personalities or the good looks like you have thank you thank you or the willingness to paint their hair there we go that's a gimmick I never used bro I gotta tell you well when are you gonna do it what how much is it going to take for you to go dye your hair man well I did shave my head you never shave your head yeah back in the day when I was 21 yeah thank you for work not since I got on social media yeah I shaved it I shaved my head for undercover billionaire I might have to shave it just uh yeah switch it up on people yeah yeah that's crazy man I social media the internet has changed my life I actually I'm such a big proponent of it yeah like that's my newest company I started a company called content Empire teaching entrepreneurs how to create content create funnels and get traffic to their business because I just I'm like dude if what do you what do you earn on funnels today across all the businesses just every like every day when it man striper uh man probably 50 to 100 000 a day that's awesome yeah it's crazy yeah and it'll keep growing and it's crazy it's great and we're not even like touching the surface of paid traffic right yeah so once paid traffic gets scaled I mean who knows but yeah my main thing was like dude if you're an entrepreneur and you're not making content you're not building a brand somebody else in your Niche is and they're taking all your customers yeah like and I truly believe what when when I watch your stuff showing up in different places you know I'm like he's building so much trust like when you say you're you're pushing it down their throats I think what really happens is because you're so frequent I was telling you this earlier oh I recognize that I recognize that I think that's the brand people are not trusted until they're seen over and over it's what Starbucks does well in street corners Wells Fargo does it because they're everywhere Banks create massive credibility because they use big lettering they're everywhere they're like and you're building that brand you know and I didn't know I was building the brand I didn't know I was doing this I was just like I hope this works and everybody was telling me you're posting too much you're doing too much you're bragging too much you're doing this too much I'm like okay yeah but let's see what happens and it just keeps working I said they're not telling me to stop I hadn't got a phone call yet yeah said you can't do that right do you have like a PL like okay so let me let me break this down I've been wondering myself because I've had different very like um successful people influential people who are ahead of me they're like dude you're gonna become a billionaire one day just keep doing what you're doing you're going to be a billionaire and being a billionaire has never been like a goal right like I'm just kind of trying to get better every day that's all I'm trying to do and you know I see you obviously you're a billionaire now you're continuing to get better every day like what like is your was your goal to be a billionaire no well like what were you doing you know my wife's my wife uh Elena was like you you need to be a billionaire I was like what the what is wrong with you like what why would you even say that she's like because you could be um and and she wasn't saying it because she wanted Gucci right she was saying it because she's like I know your potential I know you're a work ethic I know how you how disciplined you are right you know I see you working uh a hundred million or 160 million or a billion dollar real estate transaction and then 10 minutes later on Christmas Eve you're pitching a nine dollar product I know I know how much money you just made in this transaction she watched me make I did a deal I bought it was a summer stone apartments I bought those prop at property got on a red eye had a phone call on a Thursday right on a red-eye Thursday night in the place on Friday bought the deal I don't I think I put 400 Grand down 350 units 360 units 400 Grand was just the EMD or what I I don't even know how I did it like I sold it made 23 million dollars hmm okay Elena watch the money come in this was just like a quick flip this was it was it was uh 34 months okay got it but there's a lot of money for 34 months oh yeah so had had income the entire time and she's like look you get a phone call you don't know the person you changed your entire weekend you flew to Charlotte North Carolina on a red eye commercial I'm not flying I wasn't flying private right and you make 23 million dollars in the deal what do you do to celebrate you go sell a 99 ticket she's like you deserve it man yeah and because the work ethics there like like just because I got rich doesn't mean I stopped working right and for me the reason I do that what drives me is the service man to help people I see it you know and I know I don't help anybody when they don't pay me right I only help people that pay me right like I've tried to help people that don't that that need help yeah they're not invested they don't have skin in the game like I've tried to help drug addicts get off of drugs before I know they need to get off drugs they don't right because they don't want it bad enough yet and so um yeah I would definitely tell you man you should you should have a billion dollar Target maybe a 10 billion dollar Target and start mapping it out like you would any other Target right and and there's a big difference between being a millionaire and a billionaire man you know yeah it's you know it's it's five thousand it's a million dollars five thousand times after taxes well I already know from you to become a billionaire you got to think how do I get to 10 billion yeah that's right so how would I get there well you look at those funnels I mean look at those funnels I mean when I hear about the funnels at 50 000 I'm like okay you know I know we funnel out every day I know it can be ten times bigger for sure yeah if I could do 500 a day I know I can do 5 million right I know I know what Amazon's doing every second every second of the day what are they making dude it's crazy I know I know how much money BlackRock uh raises I know how much they lost in the last in the second quarter of this year right they lost 1.7 trillion dollars of institutional money and nobody says they're frauds right they can't be a bigger fraud game than that so um I know the money's available so what you know what I would do is I just start saying okay I know the money's available but 10 billion dollars on planet Earth is nothing I think we sent that to Ukraine already yeah all you had to do was get that yeah you could have been the Ukraine siphon you know but you won't do that because you're not a bad guy so you just got to figure out okay how do I help 10 million people right 10 million people give me 10 I think that's that's a lot of money right there 100 Mil right there is that what it is yeah yeah I guess it is I got to get them to give me what if they did it every month yeah dang every month yeah so you know it's just like you got to work it out then you got to get your spouse and the kids on the same page everybody rooting for papa to become a billionaire right what's the meaning and then get rid of all the haters right and and the naysayers and the and the people that don't want you to get there because I promise you no offense to you guys I did this with Mike Tyson never got invited back there's somebody on your team that doesn't want you to do it I said this to Mike Tyson yeah in the smoke shop with the hot box yeah they never played the podcast wow yeah that's correct so there's always going to be somebody on your team bro Empires are torn apart from the inside not the outside um so what would be the significance of becoming a billionaire like what what I mean look for me I I enjoy just getting better and helping people but on the money side yeah okay like whatever you want no okay there's one difference okay so I'm probably gonna buy before the end of the year I might buy another plane for for the team okay so they can move all right um you know that that becomes different my wife and I play a little game if it's the lottery game like if we had this much money what would we do right so you start thinking about things you would do man you ever rent a yacht for two or three weeks no good is sick Bro I mean I sick it sounds like you enjoy the experiences of being a billionaire yeah but I mean have you ever given uh you know 20 million dollars to charity no yeah it's freaking feels that that feels better than the plane and I don't want to give away the plane by the way the Law of Attraction thing I'm a little worried about it so but or the yacht but but given 20 million to Charities like that that's you know you inspire a lot of people when you do that right so you know I'm a fun on these 10 TV shows I couldn't do that if I was struggling right I'm not going to sell them to the networks right and they're not going to tell me what to do so if I could become if I could become a bank you know and and actually protect people's money sending people four million dollars every month that they depend on a need I couldn't do that if I if I didn't have the capacity to go buy the real estate and then to backfill it right like the the ability for me to go buy a piece of real estate pick it out for my money and then tell people hey I'm buying this either way you want to come in and they're like oh yeah you're going to buy it anyway yeah either way bro like it takes so much heat out of my life right if I didn't have the surpluses I couldn't do that I'll tell you I really dislike syndicating being under the gun yeah exactly I hate it yeah because I'm because you don't have the deal right and then you know you got whatever to close and you're like crap we gotta raise the money yeah I walked away in February we had two deals under contract in Houston Texas a million dollars non-refundable on both of them I was past the non-refundable period it was already it was their money by contract and I walked away from both those deals right I walked away from two million dollars we went back and got it anyway but to be able to walk away that Fu money I heard the the guy on the uh uh Axelrod on billions and he talked about you money you money to say I don't want to do business with you right we're gonna be able to walk away so that kind of Freedom it's not about the Billy right you know it's there though right you know right you have you have the talent bro you got the talent the looks I mean you got the whole freaking package working why not right you don't know there's no because what if you don't you know you're gonna regret it if you don't go for it um yeah you're making me think man you know it's out there bro it's out there yeah you're a better guy than most these people that are doing it right you know you you should go to New York and go go just walk into the Goldman Sachs building just walk in one time and look around and be like these guys they got elevators they got elevators that are this big one elevator and that Banks of them going up you know 117 floors they don't do it they're not changing the world no they're not they're not educating people they're not going to stop and help people out they're not going to like go online this weekend you know and and educate somebody some kid you don't know from nowhere about how they could build a funnel and have Financial Freedom right so look at those guys can create print billions of dollars and not even be like they're not they're not changing the world nobody even knows them there's nobody there's a machine right so they pay a lot of fees a lot of taxes I'm sure I'm sure they do a lot of good things but I also like the way that you're using social media and not letting it use you hmm you know that you're not just sitting there going through reels how many how about how bad's a habit though dude honestly I don't watch that much social media yeah I'm just dude I never want to do you watch what do you watch there I'm like Sabrina I read a lot of books I like reading yeah I like reading listening to podcasts but I I don't watch a ton of reels man I just kind of lose the attention span yeah that's what they want though I was telling my wife the other day it's because one of her teammates said hey Grant there's this trend going on where you you know you do this and you go from this to that you know that thing yeah you know and I'm like yeah well why are you telling me that she's like because it's getting a lot of views I said I don't need a lot of views I'm like I don't even know it's done but I'm not part of a trend I don't work for Mark I work for me you know that that's for them you guys are you guys are just jumping on this freaking speaking speaking of Mark and I know we gotta head out of here soon um what do you think about metaverse and crypto we were talking about that upstairs what are your thoughts on all that well I think we're a long way from the metaphors I think the metaverse was a diversion for a bunch of bad news to Facebook had right that everybody it worked by the way but I think we are a long way from anything metaverse right hey Siri play play Kanye West oh yeah yeah it play it worked half the time it doesn't work you know I can't get my Google map to work right you know it's bringing me some other place I'm like I can't get pins to share like I'm like I just think we're a ways a ways away will there be an internet 3.0 a thousand percent it's crypto real I think so yeah you know uh if somebody could show me how to do you know 250 million dollars worth of real estate deals and turn it into amputee I'll be the first guy to I'll fund the project yeah and you guys figured out how to put the oogie-joogie around it yeah turn everything into eight boards I'm dude I'm holding you to it rat faces half my face and half your face or something I'm down with it you know I told you it you know at Tykes that's what our goal is yeah so we're gonna create the Innovation and then I'm gonna bring it to you we've got to be able to do it we got to be able to do it without the SEC throwing us in jail I know that's the main priority it's the SEC man right I trust the nft I try I trust I trust the technology yeah you know I know I'm gonna over deliver yeah I'll put enough stuff around it right um that there's value but I worry about um whether the SEC and the fed and the IRS and all the acronyms want want this right and if they don't want it they'll hunt us now we're gonna do it legit we got lawyers working on it good I'm gonna send it let's go let's be the first ones that pull it off in a big way I'm gonna do it so I'm gonna send you the honorary tyke so because you're part of the crypto real estate Revolution now let's go man and we're gonna do it man okay we'll be the first ones we'll get the funding I'd love to do that man that would be part of my legacy that I was involved in something really really big you know I mean that wasn't some close-minded guy all right I'm telling Jared that done it's done done well dude I appreciate you coming to Vegas man I had a blast man as always you've inspired me I'm I'm gonna go out and get the Billy so look put in the chat below man should he kill a billy or more okay I gotta go for ten though so from now on refer to him as a billy Hunter he's a billy hunter from now on and then once he gets it then he's a billy killer and until then I'm a billy goat okay so we gotta do it man all right bro I appreciate you man appreciate you getting the wife and kids it's about today's her birthday dude oh well happy birthday what's your wife's name Mindy Mindy happy birthday thank you thank you so my sister's uh 80th birthday oh wow yeah same day yeah awesome well guys go follow Grant as always look up Cardone Capital doing amazing things uh thanks for watching make sure you subscribe we'll catch you on the next one peace hope you enjoyed this episode of The Wealthy way podcast if you got value there are two things I want you to do the first is go to wealthyway.com and get access to all of our free stuff you can download our courses for free you can use the wealthy way planner for free you can subscribe to our newsletter all of it's free it is such amazing value I want you to go take advantage of that the second thing is if you could go to Apple and leave a five star review or if you're watching this on YouTube and subscribe tribe that would be amazing it would mean a lot to me in fact if you leave a review I might just shout you out on the next episode because we are reading those so definitely check it out and thanks for watching

Channel: Wealthy Podcast Network

Views: 208,277

Keywords: real estate, real estate investing, grant cardone, investing in real estate, invest in real estate, real estate agent, real estate mentor, real estate 101, investing, real estate coach, real estate advice, how to buy real estate, earn 15% in real estate, how to make money in real estate, how to invest in real estate, real estate funds, real estate for beginners, commercial real estate, real estate strategies, real estate mistakes, find real estate

Id: YPBbqmoXptA

Length: 65min 17sec (3917 seconds)

Published: Sat Nov 12 2022