Get Rich with Passive Income - Cardone Zone with Grant Cardone

[Music] [Applause] [Music] [Music] [Music] we were thinking and maybe we try and go back to those guys at 35 billion yeah and tell them hey look you know it's yours 35 billion you can do due diligence more to keep running the process yeah yeah yeah and you know execute flake out you know then we got offers coming in yeah yeah good good I like that idea can I call you back yeah yeah thank you buddy thank you else so hey welcome to the cardones on Grant Cardone here I try to keep it real for you show you what's really really happening not what's supposed to happen okay the call that I just got off of as you saw is the piece of property that I bought 14 months ago it has provided me with passive income this word right here passive income I used active income to buy work income that's what I'm be explaining today what you want to do is you want to use your the goal is to get your passive in to match at some point in your career active income that is everybody's should be your goal I'm going to talk to you today about passive versus active income I just got an offer on a piece of property I paid gas run around to come in here so I'm not mistaken I think I paid thirty million dollars for this piece of property if I'm not wrong maybe thirty million six hundred not sure he's gonna tell me in a second I just got it all for a thirty three million seven hundred fifty thousand they think the guy goes to 35 million I've been I've been in that property what did we pay for that piece of property right thirty point five sorry I don't want to lie to anybody I paid thirty point five I did spend some money on a roof we haven't done all the construction work there I'll have to finish that so I might be in for another seven hundred grand we got an offer three million dollars more than I have in the property they think they'll go to five million that's a five million dollar gain in how many months Oh twelve months not fourteen months now here's the beautiful part ok I'm not sitting here bragging I'm trying to tell you guys what really happens you got you got a quick getting advice from people that don't make money you need to get advice from people that are doing deal that are buying money that are running businesses I'm not trying to attack you but there's a lot of great advice out of that out there but I need advice it's current of people that are doing it right if I want to buy one hundred ninety two units I cannot get advice from somebody that bought four units it's a different game it's a different gig if I want more than a four percent return on my money I need people that are showing me more than four but show me show me show me the deal all right so when I was a kid growing up when I went to accounting the college prepares you for active income active work labor time so when you think about active income this is the most highly taxed income this is what Francisco Johnny the camera guy and Ryan make Ryan gets on a plane learns how to fly the plane he flies a pain Delta plane a Delta Airlines pacing a hundred grand a year to fly the plane to PI whoa ho I'm killing it I'm making $8,000 a month dude you're selling time it's labor it's work they give you $8,000 a month the government is going in every state in America the government is gonna take 40% of that money $3,200 comes off your 8,000 okay most people don't even know what their taxes are most people have never been taught active income I spent five years in college I borrowed money to go to college to get an accounting degree the best business degree you can get and they didn't teach me to differ between a passive income and active income okay now you can't just go out and make passive income today you need the active I'm not I'm not like Tim Ferriss Tom Ferriss whatever they got for our guy you know he's a liar talking about four hours or he's lazy which one is it but they both start with L maybe both he the Double L or maybe he's just confused okay because I know he's doing the mushrooms and the cold lunges I don't need to do a cold plunge to go to a hundred right I just go boom get up and go to a hundred so look you make $8,000 and yeah I was hating on him cuz it's bad advice you don't need a new mushrooms you don't need to smoke weed and you don't need to be lazy and nobody should have the goal to work four hours a week this planet needs workers we all should be working even if you're not getting paid even if there were no taxes I would still be out there raking sweeping cleaning supporting my kids working right it takes work people need to work so look check it out you make eight thousand dollars a month take the number down to eight hundred if you need to or nineteen hundred whatever your number is less thirty two hundred to the government of your choice you go to Paris this is a lot higher go to freaking Toronto it's even higher you end up with three forty eight hundred dollars a month after the taxman okay now if this was passive income if I could earn eight thousand dollars a month and it was all passive income sixteen hundred of it would be taxed and I would end up with sixty four hundred dollars what's the goal the goal is not to have all passive income the goal today and we're gonna take your call 305 eight six five eight six six eight three oh five eight six five eight six six eight the goal what is the goal huh the goal is to have active income and passive income my goal is to have my passive income my goal has always been since I was 25 26 years old I want to have as much money coming in passively which is a bit of a misnomer word anyway okay I want to make a grand a month work work work work I know mine work I'm not lazy and I'm not a liar okay sometimes I do want to sleep in and I do love my naps I want to work and I want to be paid for it I do work I want to be paid for it and I also want money come into my mailbox that's why all my money literally all my money goes gets invested in real properties I'm a coward I don't want my money I want I want to check every month I want to check for showing up or not showing up every month I want to be paid here I worked for a company how long the company I want the company to pay me I'll become pay me and I want the real estate to pay me even if I'm in Europe even if I didn't work today even if I didn't answer the phone even if I went on a cruise ship right when we come back I'm gonna show you how to do this my name's grant cardone and you are in the car don't zone if you're not satisfied with the status quo if you want to kill the competition if you're ready to grow your business at massive levels I want to take three days to spend time with an exclusive group of people entrepreneurs business owners business managers coaches and experts and show you how to get a competitive edge in your business using social media using e-commerce using sales salespeople cold calls follow-up and a sales cycle and a business cycle that I guarantee will 10x your business in 2018 I'm doing this at The Diplomat Hotel I'll take care of your hotel room I'm gonna spend three days with you and we're going to focus on a plan that 10x is your business in 2018 wealth dynamics believes everyone has the god-given right to own their potential most of us don't because we spend 40 hours per week serving the 40 year to life sentence treading our precious time for worthless paper called money we live on an economic planet and time and money do need to be exchanged but it doesn't need to be your time or your money we teach our clients to secure income producing assets that make the time and money change for you so you can buy your freedom back and live a life of abundance and prosperity to get there we must know how to make money how to keep it how to multiply it wall dynamics provides coaching education accountability and community to help you build wealth join our coaching program get educated on the wealth dynamics university and begin networking with the wealth dynamics 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don't make more money Tim Clark is the guy to know a thriving entrepreneur and the mastermind behind artificial intelligence sales processes get automated make more money and grow your business with email learn more at eco C EECOM that's Nico C be calm right now hey welcome to the cardones own grant cardone here every Friday 12 p.m. I come to you to talk about your business the business of business how to make money how to get your career right how to get your finances right today we're talking about active income verse of income there's not a lot of choices folks when it comes to passive income out there okay if you have if you're making 50 grand a year and you pay fifteen thousand dollars in taxes that's what you're paying by the way whether you know it or not okay you're earning $35,000 $35,000 is $3,000 a month that's how much money you have left over after taxes at some point you need to figure out how to take this $3,000 in some portion of it start getting passive income passive income means I die income continues so a lot of people don't understand this passive income thing do you understand if I die today what will happen is I'm not going to be here to do the show tomorrow no show Monday no show Monday Tuesday no show twos deep ok don't do reruns I Love Lucy reruns right let me tell you something next month my wife will still get a check she gonna get a bunch of checks she gonna make about like 800,000 next month and I'm not even here anymore I'm in the ground they're probably gonna burn me and throw me off the bridge and I'll be watching I'll be like okay so but the income won't stop see when my dad what happened when my dad was this is what happened when my dad died my dad income stopped that stopped no more we got a check we got a check from the insurance company for him dying that's active income by the way your life insurance check that's active income he had to die to get that to happen my dad did not have passive income coming in there was no passive income zero no more money coming in so what happened his dad died income stop that stopped check comes in I guess my mom got a hundred K or something I'm not sure exactly she never told anybody how much money was we were very private people never talked about the money she's got this but nothing else is being reinforced passive income is the support mechanism this is why you guys need this right because if if you're active working and getting money and you don't have this thing dang dang healthy unhealthy hurt unhurt business stops or doesn't stop technology gets to rest so what you need to do is you guys you and your wife or you and your husband need to sit down and figure out hey how do we get passive income how do we do that you could go buy AT&T stock if you bought AT&T stock symbol as T 10 years ago it was 40 I think it was 42 dollars a share okay today it's 34 dollars a share you would have lost $8 but here's what you would have earned you would you would have earned a 6% dividend let's say you put $10,000 in it this is passive income you took the money from the active income after taxes you invested 10 grand you bought AT&T stock in 2007 2008 2009 world came to an end the stock went from $42 to $34 I think it's 34 bucks today but you were paid a 6% dividend okay six percent on $10,000 is $600 for 10 years you have paid $600 every quarter March June I think September and December you get a check for 150 bucks every quarter every three months they send you what's called a dividend this is passive income you guys with me six percent on the ten thousand is six hundred bucks a year so watch even though the stock went down okay ten years let's say this is ten years this is $42 or $45 and now went down to 33 or 34 whatever the number is somewhere new even though the stock went down watch what happened the dividend the passive portion of the investment paint you back $6,000 out of your 10,000 now if you sell it today you're gonna be selling it for a third less than you paid for it seven grand but you were paid back six grand so you still made money right now that the fact is you don't really care about the loss listen to what I'm saying right here you pay ten thousand it's only worth seven grand today you really don't care about the loss because you made the loss when you bought it the loss would incur when you bought it why don't one do I mean by that you took six seven to ten thousand dollars and you gave it to an institution it bought a piece of paper no more valuable than this piece of paper by the way the piece of paper was locked away in fact it's so valuable as to you you you know you can't even find that piece of paper it's glittery one little piece of paper says you own ten thousand dollars for the AT&T stock cross your fingers and hope pray to God that it's gonna be alright every quarter every three months you got a check they sent you a little check 150 bucks hundred fifty bucks hundred fifty bucks that little check over ten years paid you back six thousand dollars okay you lost your money when you bought the check when you bought the paper when you bought the AT&T stock what do I mean you lost the money you lost it because you gave them money for this piece of paper right what you want to do right here is you want to stop buying things that go down or up you want to start buying things that stay stable and you a big dividend with the hope of a big bang what you need to do is this okay if I'm making 100 grand a year oops if I make and let's take a color if I make $100,000 a year what your goal should be is hey I need to match that with a hundred thousand dollars for the passive income I want them both ultimately what I want is more passive income than active income okay I'm just going to tell you guys a little sneaky story this year I will probably make this much money a month off passive income the lowest taxed income I work the least for it okay it continues on after I die nothing can stop it okay and I'm not having to push in pound right nothing can stop this so the the key ingredients to passive income one you want to match your at your active and number two you want to invest in things you will not not go down and value number two they don't go down in value they stay that means you need real things not pieces of paper you don't want a piece of paper you want a real asset second qualifier the third qualifier they should never be disrupted only invest in companies that cannot be disrupted why did AT&T stock go from forty five to thirty two because it's in telecom and it's being disrupted you understand Facebook will be disrupted trust me YouTube will be disrupted Google will be disrupted over time Apple will be disrupted there will be a time when we don't have this phone all you got to do is go back and watch movies and TV shows that were made in the 50s 60s and 70s look at all the things in the scenes that aren't around anymore okay that telephone that your momma used to do the rotary it will be around anymore my name is grant cardone you're in the car down zone we got six collars on I'm getting you ready for Easter weekend if you think you got it bad right now remember JC had him a walk this weekend if you're not satisfied with the status quo if you want to kill the competition if you're ready to grow your business at massive levels I want to take three days to spend time with an exclusive group of people entrepreneurs business owners business managers coaches and experts and show you how to get a competitive edge in your business using social media using e-commerce using sales salespeople cold calls follow-up and a sales cycle and a business cycle that I guarantee will 10x your business in 2018 I'm doing this at The Diplomat Hotel I'll take care of your hotel room I'm gonna spend three days with you and we're gonna focus on a plan that 10x is your business in 2018 are you ready to tap into the e-commerce revolution making $60,000 a day may seem unreal but there is a proven method you can use to get there it takes time it takes dedication it takes effort and most of all it takes resilience coach Gianni is now partnered with Gabriel Beltran and together they are using the EECOM millionaire formula to help increase your monthly revenue using his EECOM millionaire system he will sell products online get step-by-step guidelines on how to market in these Facebook ads and learn how to make millions with e-commerce as an official platinum sponsor of the 10x growth con - check out the millionaire mastermind com that's the millionaire mastermind com throwing your future protecting your past Jay defrosted company P LLC is a public accounting firm offers a variety of assurance and tax services to businesses and individuals in the Chattanooga and surrounding areas we focus on construction and manufacturing industries our primary objective is client satisfaction through excellent customer service work with the best we are accredited by the BBB this is JD frost and company for a full suite of taxes surance and management accounting services visit us right now at Frost CPAs comm buford grant cardone talk @ WF G's ladies convention some questions might be raised who exactly is wfg Wealth Financial Group is there to ensure your security your future and your life ver - Atia is part of wolf Financial Group and as practitioners of Grant Cardone ethics and business and raising the standards of living for those in the middle class world Financial Group ends or - and you work together to help to where you want to be financially and in life come join our team today and learn more about what we can do for you at fortuity financial services com that's fortuity financial services com hey welcome back to the cardones own Grant Cardone today I'm talking about cash flow I got my favorite t-shirt on cash flow Cardone capital I have five little companies one of those five companies pays me more passive income every month than the other four companies I want to show you the power of commitment I want to show you the power of time and I want to show you the power of one one company pays me more money every month than the other four companies come on now these four companies feed me you understand what I'm saying they pay my bills take care of the car take care of the office the facility and they feed me emotionally and intellectually because they challenge me the fifth company that's a challenging okay that's so stimulating I'll buy a piece of real estate we buy 50 million dollars I'll tell you the deal we just bought we talked about it before the show I should never erase that but I bought a deal for 33 million Oh kena how do I do that bang bang bang bang padang padang oh yeah okay one more Wow now I got everything up here okay so what's yes I bought a building 30 million I think he said 30 million five hundred thousand I just got an offer on that building 35 million bucks add some zeros here okay we'll go to her collar this building I put nine million dollars down paid me nine hundred thousand last year while I waited for that to happen it didn't pay me nine hundred green I'm sorry I had to spend some of that money paid me four hundred and twenty thousand dollars what is that it like four four and a half percent return somebody just offered me five million more than I paid for now now why I'm not bragging I'm trying to tell you guys this is the model you want to use work your ass off take money Park it over here and when you find the right asset buy it go all in on it I made a big bet on this deal okay big bet on this deal but to me it wasn't like a big bet okay you guys spend money on junk I spent money on things to do two things they go up in value over time and they pay me here passive income see I basically do two things I'm looking for things that go up over time they have to do this chart right here it's got to go up over time I know over time it will go up and and over time it'll pay me I just need a little little Sun something something every month by the way not every quarter not once a year I want a little something something every month man pay me every month why you think AT&T don't it doesn't allow you to pay them every three months check it out if you hire AT&T as your phone service you pay them every single month but if you own their stock they pay you every quarter you see how smart these people are they're like we charge you every month we pay you every three months if you own the stock so the point of that is this get on the Smart side of investing invest in things that can't go down in value and number two invest in things that pay you every month let's talk to some people on the phone about passive and active income do you have a question or you do you have an investment Martin what's going on Martin do you have a question or you have an investment I have both I believe good morning to you yes sir good morning to you my friend hey so I got a podcast I started back in November dude I want to be on it I want to be on your podcast I want to be on your podcast can I be on your podcast absolutely man actually I wrote to your to your assistant she said that you guys were willing to jump on later on so I really look forward to doing that man for sure in the future you got it it'll happen are you coming to my bootcamp I can I definitely can I I'm not as savvy as I'd like to be so I definitely may have to look into the boot camp because I did see that you were not the we see you noticed when you brought up your podcast I committed to being on yours I tell you about my boot camp and you said you're gonna look into god I'm there you see the difference like its commitment man yeah okay yes what's your not and I try to subscribe your mantra don't be a little so there's the opportunity I got to walk through the door once it open gonna walk through the door dollar that's what Jesus did he put his Santos gonna start to kick it yes you gotta cross my room unless rush in it the podcast is called aperture birds and I wanted to create a perch of birds media but this is my hit my point where I'm noticing that I can either continue to grow organically very slowly yeah or I can look at investors to try to build myself a network you know I mean what is your thoughts on good so what you could do is you could start investing in collaboration right so everybody out there is an investor you guys got understand you're investing your time and energy right now and exchanging it for money so everybody out there is an investor the entire planet is investing if you work you invest you invest time one hour somebody gives you 14 bucks that's an investment what you have to learn how to do is invest paper you want to invest paper they can grow paper you're trying to impregnate paper that's all I'm trying to do we know paper is going down in value in Venezuela Argentina in Mexico that peso is dropping in value right so is the US dollar it's just dropping last time right it's like which one of these shirts is ugliest okay Venezuela paper ugly ugly Argentina paper ugly Mexico peso ugly American paper prettier it's still ugly dude is all going down in value so when the cartel what was our boy name in Bogota down in Colombia Pablo Pablo collected all that US paper took the minute he money he buried it in the ground and the buggy's ate it that is proof that currency is worthless the bugs eat it he can't find enough place to store the mole get it you guys money is going down in value I don't know why you guys love it so much man get rid of money buy hard assets when venezuela collapses there's people outside in the streets mommies and daddies sending kids out go out and get rid of every dollar that we have and bring back something what do you mean papa what do I bring back papa how do you say that in in Venezuela Papa what are you papa bring anything back bricks Marter shovels picks you bring easy that you bring back a freaking anything anything that's anything bringing back why because that money's going down and value that's what we do with this invest money in yourself you'll never lose it no mold can get my intelligence right I get a little bit of inspiration from something you guys are like Oh motivation doesn't last yeah but don't nobody can take it from me except me Francisco can try to take it from me that ain't gonna work and if he takes it from me it's because I'm not protecting myself mentally strategies he gives me a strategy for shooting a camera I read a book I learn a new technique nobody can take that away from me no mold no depreciation no time nothing right invest in yourself number one number two then start investing in hard assets that are gonna pay you in the future but I would tell you sir to collaborate with other people that can help you build your podcast out faster okay connections hook up with people network that's why he needs to come to the he needs to come to the to the boot camp because there'll be 200 people there bro that I can hook you up with it a watching podcast see you guys value money too much you guys think money is worth something you think six grands a lot of money and I think I want to use six grand to make me 60 grand but you guys hold on to the six grand and never get to the 60 grand and then you're like oh my god man it takes courage to make money it takes courage to use money so you shouldn't have any money in the bank should be zero all the time you should have no money in the bank you should take money move it into the bank only as a storage facility so that you can get rid of the money and put it in hard assets to pay your passive income again you should be this active when you're working your goal should be first of all this is going to be much higher like like you're probably going to be like this all this is going to be active income maybe a little bit of pee your goal is to get this thing to like Oh mostly passive income right so Johnny takes his money that he earns here and his other job he takes that money and then he figures out okay I'm gonna get rid of that hundred grand once he gets to 100 he takes that hundred and puts it in one thing that's what I'm telling you guys don't do fours and fives take the whole hundred move it over here and then go replenish again I had a couple of my office let's take the next caller I had a couple of my office there $850,000 he lived down the street from me $850,000 sitting in an account right now I did get how much grant how much cash we need you need zero if you have work ethic if you know how to pump push and hustle you should have zero money in the bank so you have money in the bank either because you don't have courage to produce more money so you sit on a storage house that's what your mommy said save for a rainy day ah damn I'm gonna be spending money every day in Miami every day there's a little shower comes through here save for a rainy day you guys in LA save for a rainy day need to say for an earthquake but the money's not gonna help you win the big quake hits you're gonna need gasoline and you're not gonna be able to get gasoline you know why cuz all the freaking where you get your gasoline is on the ground you're not gonna be able to get food right you guys with credit cards you're gonna need cash that day in your pocket not in the bank need it in the wall of your house or you can grab it okay let's let's talk the next caller the ten let me tell you something man what it is a damn earthquake or rain next month I get a check whether I'm hurt working or alive I get a check my family gets a check 20 years from now we're still gonna be getting checks the Cardone clan gonna be getting checks or my charity my church is gonna be getting the checks I'm like I died send the money to my church forever passive income what does it even mean go ahead man hey Vince Ricardo Nick what's happening Nick this is Nick mr. Cardona yo man you got a question or you got to do that you got you yeah go ahead I have a quite yeah don't are you interested in expanding your business no no really really oh I don't believe that mr. Carnahan you're not nope not at all call goes bad Oh who do you come into my bootcamp I'm not unfortunately you know what you're gonna keep making that call right there you're gonna keep making that call you're in that calls gonna keep costing you money you need to sit down if you can't come into Miami and do this bootcamp on April 6 you need to get my material and figure out how to make that call because that's not the way to make that call you spent time you've been on the freakin phone 30 minutes preparing to say that to me call went bad and then it got worse and it how old are you man 16 yeah how long you gonna keep dying like this man Alexander the Great was taking over the world at 16 man what are you doing you still ruining calls many time to bone up dog 16 years old man come on man I damn you call me your uncle I can't even call you my nephew right now you got to get your groove on dawg okay look this is what I'm gonna do for you young man if you get to Miami April 6 I'm gonna cop you the ticket you good okay you got to get on a plane get a hotel don't live in a car while you're here and get your parents to agree to it you got to get your parents to agree to it I'm gonna give you a $6,000 seat to my bootcamp all right thank you so much my man now the way you want to change that call what do you want to sell me by the way what is it you want to sell me I want to tell you myself mr. car down okay go ahead hit ride you ate me get it man see see already just telling man I'm 16 years old man I want to come work for you grant yes sir that's how I started why not that's your pitch brother I mean what do you want to do with me I want you absolutely anything I don't want to go to college I want to surround myself with winners and I know that you breed winners so I want to be down in Miami with you yeah whatever I can yeah so you know I would rather hear that from you I think I'd love to hear from the audience hey grant I'm 16 years old I want to come work for you I don't want to go to college I don't want to you know I want to come work with you I want to be next to you I want to learn for me I don't want anything from you I want to add value to you when can I get an appointment to meet with you it's all better than what I had and by the way everything everything is for the appointment in that phone call you're not you're not gonna get I'm not gonna hire the kid over the phone I mean who knows who he is absolutely okay bro okay I'll see you be good appreciate you 16 years old man Cardone zone man looking for career advice business advice every Friday we do this if you're listening on itunes man make sure you subscribe to the channel share it with your peace I'm trying to help you guys get the right data here Dave Ramsey's telling you to save your money Suze Orman is telling you to save your money CNN Money is telling you to save your money smart money is telling you to save your money Wall Street's telling you to save your money you know what I'm telling you take your money that you work your ass off for and get rid of it as fast as possible into active investments to provide passive income I'm sorry not active investments in real products that provide passive income next caller passive denoting a relating path I didn't have to do anything to earn it okay you gonna talk what's gonna happen now tell me what's gonna happen next I'm getting scared what's up man what's Alfredo what's going on brother hey man I got a minute I got a minute look I got four questions I'm into real estate I started like you you started 26 I'm 26 I see yours rahmato listen how do you know about taxes you talk about these taxes in here these taxes in there I look on my computer and I cannot find any of that stuff although I looked into it you know okay what do you want to know about well like for instance I'm into um I don't know what I am I'm in love with Florida I would love to move to fly but III don't know anything about it you know so I'm looking for it the war words that a good morning for me to move on I like I'm looking for money I work as a car sales right now okay good so in in so what do you want to know about taxes man in the in in in Florida there's no state tax okay you don't pay state tax on the income every time you go to the store and buy something you get taxed okay okay so I mean they just process you if you sell if you sell cars to make 10 grand a month the state doesn't take any of your tax dollars there's five or six states in the United States that are tax friendly meaning there's zero percent tax rates but there's other states to there that are friendly right like like Arizona's fairly friendly it's like only 4.8% on the state tax I think Tennessee zero Washington zero state of Washington California is thirteen point three I'm not going there so you make you make a hundred thousand dollars selling cars thirteen thousand dollars goes to the state of California in Florida make the same hundred grand selling cars you don't pay anything to state of Florida now if you own a house you're gonna get hammered on property taxes in in in the state of Florida so don't own a house you don't know first of all you don't make enough money to own a house right now so don't even worry about it right the federal taxes okay in in the United States of America you're gonna pay about thirty eight percent of every dollar you earn in a hundred thousand dollars thirty eight thousand of the hundred is gonna go to the federal government but you I don't think you have a tax problem right now man I think you've got an income problem I do I do I do yes and that's that's that's actually my fourth thing I want to talk to you about yeah let's skip to number fourteen cuz it sounds like it might be the holy grail for you which one number four the income yes the income but I'm looking to relocate towards the right places in the right place is wherever you are bro unless you in Ethiopia people around here don't have no credit they don't even want to pay good you need you need to not hang around those people average income around here is 28,000 where do you live a Lebanon Pennsylvania what Street Pennsylvania what's it vania would be like central Pennsylvania yeah once you leave man how much trust me I just relocated to a smaller apartment to save money I had a big house I didn't even need it I was renting here because my wife liked it she wanted it and I just relocated to a smaller apartment to save money to leave you don't need to save money dude you don't need to save money you need to make money you need to go where money is okay what's a good city a good cities a city that everybody knows the name of what's the city you live in Lebanon nobody knows Lebanon man they think that's a country okay send me some Kibby man and then okay so like like like dude if I don't know the name of the city if it's not recognized maybe you need to leave there grab your wife start telling her what to do okay and go to a city tampa orlando chicago new york go to city where there's jobs and opportunities for just people with money but but look even in Lebanon Pennsylvania bro there's some people there with money you just hang them with the wrong people that's true so you need to get around the right people the right neighborhoods you need to quit like quit making excuses start looking for income get your 4 questions down to one who got my money that's what you should have called and asked me thank you for calling in who's got my damn money folks because let me tell you something folks until there's passive income there's not going to be any patent passive income cuz you're not gonna have any money to invest so it's got to go like this if you make 80 grand a year you're not gonna have any money left over this for everybody watching in my office we have a hundred people here to work here just under 100 people if you make 80 grand you will never have passive income period it's over for you I'm just telling you the truth I'll let the politicians lie to you Rubio Marco Rubio he'll tell you about the middle class we need to save it there is no saving it's over bleep it's done it does not exist it's an American myth okay the people in China even the middle class the people in India believe in the middle class we're gonna have poor people we're gonna have middle people and we're gonna have the rich people that's what they're gonna sell the India now it's gonna be like this we're gonna have the poor people we're gonna have the middle people that are poor but don't think they're poor anymore but they're still poor now they're just more stupid than the poor people okay we're gonna get these people so that we civilize the country so no these people in the middle the bulk of America is not pissed of the bulk the bulk of India is not pissed off we're gonna give them concrete sidewalks we're gonna give them shopping centers we'll give them play we'll give them increases in their wages and they'll spin it on on look there's two people in every environment poor people and rich people and that's it if you make 80 grand if you make 80 grand you will never have any money to invest to have passive income it's too impossible first thing you gotta fix that fixes the active income I don't care what city you're in what state you're in or what country fix the active income you need to get this number over a hundred grand to ever have anything left over because anybody anybody can live on at 80 grand anybody in any city almost any city except New York in Chicago and maybe San Francisco that'll leave you 20 grand to start investing that should be your first goal my first goal was to make 100 grand a year once I got 200 grand a year I said oh I got a little cheese I got about 30 grand I can save okay Park the 30 grand didn't didn't use a penny of it no watches no clothes nothing my entire lifestyle didn't change I went from 30 grand to a hundred grand and I didn't spend one more penny on food or apartment nothing changed for me nobody knew I was making more money but I took that big slab and put it like like a brisket and I might put the brisket in the refrigerator okay my momma called me up can I borrow some money I'm broke a lot of my mama's so quick ain't no way I'm giving my mama money until I'm rich okay next time the next time I took ten years to do that the next time my mama needed something I could give her anything she wanted but I had to say no in the beginning to get where I'm going that's why these ball players are all broke as soon as they get their first check they buy them on my house your mama was fine before you bought her that house son okay get that Bank right man do what a rod did kept bang bang bang bang bang bang bang bang bang bang bang bang bang bang he probably started off everybody now you got JLo paying his bills okay next one next one Joe what's going on in new Jarrod Brandi come do you have every month dude that's cool man it's going to start by the way with everybody for 300 let me tell you I remember my first $300 passive I didn't work for it hit the bank hit the mailbox I'm like dying though if I can do 300 can I add a zero how would it feel that a zero my brother there'd be a mate you they'd be a bang the more money I get and I noticed this about people when people get more money coming in passive they get more expert more inspired on their active work they don't do horrible yeah yeah yeah okay what's your question listen I'm working on some real estate deals and it's gonna be my first deal so right now in just contacts and brokers in a fluke net trying to trying to get the real listings because I actually emailed in to captain Ryan and he suggested that you know I contact the brokers and start building the relationship yeah yeah that's right and so we're starting to analyze some deals and I'm not scared about raising the money I've raised money that's actually what my passive income is now you know it's the cryptocurrency thing we do have a little mining operation but I know that the crapshoot yeah yeah yeah we're trying to get rich for sure here he said a crapshoot he knows that yeah you want to get rich for sure and I get rich quick okay I got it dad Lee exactly so my question to you is once we fall in love with the deal you know everything makes sense on it and it comes time to raise the money how long do you think I should give myself on the contract like when we put it under contract to raise that initial you know down payment okay well that's that's gonna be a problem right for you because because if I'm a seller and you want to buy my deal I'm gonna be like this show me the money do you have the money to buy the deal I just got an offer on a piece of property first thing I'm gonna do is call the people up and say show me the money what do you mean man show me the money oh so do you think that I should raise an Indian van without a deal I I mean you know one of the two or you need you need you know you need to start like how BIG's your deal gonna be like 50 unit how much money though I'll put down yeah so you need to start talking to people to say hey this is my plan I got these three or four assets then they're gonna say hey when you get the asset call me up right see it's the chicken or the egg so I would start you know or you got to get a deal under contract and give yourself enough time so you would go to how much cash do you have sitting around just cash dope real money okay good so you might go to a guy and say look this is what I'm gonna do man I'm gonna give you a $50,000 check six months from now if I hadn't closed you keep the 50 okay that's why I say it takes money it takes courage to make money and you got man you got five months to raise that money bro but you better raise it yeah man you know it comes to scared nightmares but you can't come to Miami because you're a little yeah okay well dude hey maybe we'll put another one on for you and you can come out there by the way the bootcamp that he's talking about there's gonna be a lot of people there come and saying hey how'd you raise a hundred million dollars in one year man cuz I know how to sell people I know how to get their attention I know how to follow them up I know how to put them in a CRM I know what to say next I know how to handle objections I know how to fill the pipeline it's a sales bootcamp April 6 7th and 8th you're gonna spend 3 days with me 3 days lunch 3 days 200 executives 200 executives CEOs people they're trying to raise money sales people sales managers department heads are there to do one thing how do I raise my revenue how do I raise money how do I sell more products how do I get my active income high enough then I have money left over to make passive investments okay April sixth seventh and eighth if you want a super-special we have 19 spots left three oh five three three three two four eight five I'm gonna do one of three special deals with y'all you got to do is text me I'm either gonna give you a ticket to my next 10x growth conference or I'm gonna give you a 100 percent credit at my store or I'm gonna give you two for one you buy one I'll get you one of your executives or a VIP of VP or somebody that you want to bring with you either way dude you're not paying anything literally you buy one seat I'm gonna give you a 100% credit at my store this is for today today if you're watching the show any more colors my name is Grant Cardone you're in the car down zone people call me to get them ready for the weekend you want to in your week start your weekend look don't go get drunk this weekend you don't need to get out drugged out this weekend you've been a NEET buried all your damn life don't go unconscious again okay get your game on this weekend get to work when other people aren't working get your active get better at the active game you guys are trying to move into the passive game I don't care what they tax me I'm in the highest tax bracket you can possibly be in show me another dollar I'll take the fifty cents okay give me a pat on the back man if the government takes half of it I still got half a pad right I'm playing in a poker tournament right do I want to win a little pot or not how about I take a split on the pot don't give me any peace get your active money right take the luck out of the transaction once you get enough active money then what you want to do is you want to start parking that money in investments that produce passive money you know why people don't make investments because they worried about this can't replace this so I never do that that is the number one reason by the way that you guys don't invest your money I don't know how to get more that so I'm gonna let this sit in the bank and die fix that this will start happening okay you don't fix that this can never happen so come spend three days with me worst thing that can happen by the way is you come you say grant at the end of it I didn't like it and I say here's your money back by the way I want to give you your money back cuz you too dumb to learn anything so the last thing I want to do is sell you another product in the future here's your money back bro I can go get more money there's a billion people if anyone going to my bootcamp has any problem with anything and you're like oh it wasn't worth the money bang and me and you go away I won't talk to you again you won't talk to me again we won't transacting in nothing Goods gonna happen but you will eat lunch with me for three days I'll pay for the lunch I'll spend three days with you who knows maybe you just lied to me I really like it but I want the money back maybe you just put the rub me rub the Ruby on me okay and so shame on you I'm gonna show you how to increase your active income you're making 100 grand a year I'm gonna show you how to make a million you make it a million I'm gonna show you how to make 10 million making 10 million I'll show you how to make a hundred million dollars I can't show you how to make a billion I hadn't done that yet once I do I'm gonna have a damn boot camp on it okay until then I can show you how to make 100 million because that's what I do active income first then the passive income if you want the deal the super deal 305 3 3 3 2 4 8 5 text me that's my direct sell if I'm not available to pick it up ok the text if I I'm texting you back if it's not me it's gonna be Natalie it's me or Natalie it's the GC or the Natalie it don't matter natalie is my alias thanks for watching if you're not satisfied with the status quo if you want to kill the competition if you're ready to grow your business at massive levels I want to take 3 days to spend time with an exclusive group of people entrepreneurs business owners business managers coaches and experts and show you how to get a competitive edge in your business using social media using e-commerce using sales salespeople cold calls follow-up and a sales cycle and a business cycle that I guarantee will 10x your business in 2018 I'm doing this at The Diplomat Hotel I'll take care of your hotel room I'm gonna spend three days with you and we're gonna focus on a plan that 10x is your business in 2018 [Music] [Applause] [Music]

Channel: Grant Cardone

Views: 36,790

Keywords: passive income, top ceo, uncle g, multiple flows, money advice, cardone zone, finances, smart passiveincome, investing, grantcardone, money tips, best ceo, get money right, financial freedom, grant cardone, getting rich, money, cash flow, yt:cc=on, career, income opportunity, mailbox money, pat flynn

Id: Z92a4hOLy5s

Length: 53min 52sec (3232 seconds)

Published: Fri Mar 30 2018