How Money Works - Cardone Zone

what would nineteen-year-old Brant car down to the 20 year old Grant Cardone just getting out of college about to get out of college what would he do different if he could go back this is what I would do I would buy real estate I would have 100% of my attention on buying real estate okay now I mean unless I could have been a brain surgeon or even if I wasn't brain surgeon look I know brain surgeons about real estate right because they know one day their doctorate or their surgery career is gonna be eight now what I haven't hear is the sales department this is what I this how I created my career I used the sales department to generate enough revenue so I could buy real estate I've just come in upcoming I'm going to be doing a webcast a live webcast for a limited number of people and how to get started real estate how I did it I was 30 years old over satis 20 when I started about a single-family home at $3,000 now anybody anybody no matter who you are because I was broke at the time can find three grand anyone okay that's Jarrod right there Jerry three or four million dollars with me invest in real estate and he started when he was jarred how old were you when you started investing 28 he's 33 well hell are you now 33 35 okay five years he's worth about four or five million dollars today he visits invest in real estate with me so people ask me hey what would you do different if you could go back this is what I would do I wouldn't invest first of all I'd keep the job I have until I could get rid of it and I would spend all my time finding properties in your market did you come and Rehab with very little money down okay I'm gonna I'll show you how to get a loan doing it it's very easy see it's really easy to get a loan even if your back easy to get a loan or a piece of property that has income see the properties to that with time in the beginning didn't have income so they were a little harder I didn't learn this until later if you buy properties like the one behind me or even that one those are too big when you're getting started that's the kind of stuff I do today I'll do it eighty million dollar deal cross the street that deal is probably going to sell for I don't know it could be 100 million I'll do those kind of deals today but when I was getting started I'm 20 years old with Sam don't have any money I'm just coming out of college I got a job so it's gonna have to be part-time I'm gonna find a little single-family house and flip it I'm gonna find maybe a retail spot going and Rehab it and find a tenant for it I'm gonna do it with little or no money down I'm gonna keep it let a cash flow go back to the bank I'll show you how to do this go back to the bank and then based on the new cash flow of the property I'm gonna get a loan on it thanks love to lend money or real estate that produces income know this if you don't know it ask your okay okay - you ain't yet ask your grandparents just go back and ask your grandparents say hey if you could have invested in real estate when you grew up for the last 60 or 70 years how rich would you add a grandpa he's going to tell you oh my god if I could have bought it and kept it now I'd be rich if I could have bought it and had a cash flow while I was in it grandpa would tell you I'll be super rich but this is proven out for JP Morgan the Rockefellers the railroad Titans like everybody Amazon's doing real estate today even with technology big companies when they get big they need real estate so I'm gonna show you how to do this I just wanted to share with you what's your big regret by the way what is your biggest regret what it would have known what is the thing you would go back and do different if you were 20 years old hope this helps you okay I hope you take this information this advice well I spent from the age of 20 to 23 college looking at real estate the whole time hey Ryan Ryan check Oh when'd you start investing in real estate oh yeah say people are asking me hey what would you do if you were 20 years old again I said I've been I've spent all my off time learning about real estate I'd go to courses do you haven't been to a course yeah yeah get around people that are doing deals you know around people they're talking real estate get around people that will share their time their energy their intellect their experiences where's the money come from where's the debt come from where do the investors come from where are the deals how do I even contact somebody about it how do I make an offer how do I they go she ate a deal that's what I would do if I was 20 years old yeah cuz here's to doing real estate different than a job you can get fired from the job the list job company and go out of business a lot of things can happen real estate oh it's gonna be there it's gonna be there question is how much will it tell you who will own it who will own it when it goes up in value you don't pay too much you gotta know how to negotiate around you got to know how to get into cash flow so you keep it what happens when the economy gets bad that's what I'm teaching these guys okay I'd love to teach you how to do it I tell these guys all damn dude buy real estate how many times have I told you guys buy real estate okay and by the way we're not buying real estate in this office they're cutting video and I tell them in your off time learn the real estate game buy you some real estate hey join me for this great live webcast I'll show you exactly how I did how I got started no money down no financing no knowledge no deals no contacts and I did it started with $3,000 have 1 billion dollars whether real estate today and going up OK look forward to working with you and hey let me know if you ever got a deal [Music] my name is Grant Cardone does the cardones own every day every day I'm gonna show you how to get money a lot cheaper than this hey get yourself in a position to sit in that chair right there are you the solution or you the price yeah well whatever what does it take they don't know you and they're not thinking about you they do know you and they're not thinking they forgot you my name is Grant Cardone you are in the car down zone where I wake you up I shake you up punch you in the face but mostly I'm that good [Music] [Music] [Music] hey grant cardone welcome to the cardones zone today we're gonna keep it real simple jammed we're gonna keep it so simple today I'm gonna talk to you about how money works it's this simple by the way okay you're not gonna get any if you don't pull the trigger every Friday 12:00 p.m. Eastern Standard Time the cardones zone comes to you wherever you are it could be iTunes it could be YouTube it could be the stitch it could be the twitch it could be your friend talking negative about your boy G C but no matter what I'm gonna keep telling you the damn truth your mama didn't teach it your daddy didn't teach you you gave the school 12 years some of you gave college another for you didn't learn it today I'm going to talk about how the money works how does money even work okay I was stating to an individual actually you saw an Instagram post I don't know if we can show that video of the car you buy a four hundred thousand dollar car is how money works you might who would do that who would buy a damn four thousand dollar car nobody the only person that should buy four hundred thousand dollar car is a guy that can sell a four hundred thousand dollar car everybody else release that car if you're gonna do the Lambo cuz you are Dumbo it's from I gotta tell you the truth so you don't get drunk tonight so you don't smoke the weed tonight I know nobody's ever committed suicide because they smoked weed but you know and I know I mean look if we cost Elon Musk a lot of money you know it's gonna cost you money and it cost him and his investors a bunch of dough so watch you got four hundred grand that you know over eight years is gonna go down to about a hundred and fifteen thousand dollars eight years from now that car will be worth 115 if you can keep the car and you won't be able to yeah even if you can keep the car and you won't by the way you'll be I'll have a blown engine blown bridge it'll cost you more than the 285 that you spent cuz she interest probably because you don't have the money to pay for but even if you paid cash for it this is how money works okay 400 grand it's gonna be worth about a buck fifteen the truth is you'll buy three of those the guy that buys Lambos he wears the little belt with the H on it he got his Gucci shoes he got his little belt with a with a big H and he's got his Gooch's and his he got his he got his hit up he got his he got his little fake fake a gold medal right got his big watch alert dude you got about three of those you're looking about one of them so you guys I saw that Instagram post I did men at four hundred dollar card is gonna four hundred thousand dollar cars gonna go 115 truth is that cars gonna probably cost you a million two because you gonna buy three it in bad boys and you gonna lose money on every one of them now on the other case the other case you could invest in something that provides cash flow cash flow an asset that provides cash flow it's a little low for me Johnny I don't know if it's cutting anybody else off but it's cutting me off 400 grand that earns fifteen percent and this is what today is about it has an internal rate of return most of you don't know what that means I'll explain it to you today that could compound and get an internal rate of return with a compound compound means you would reinvest the dollars that are distributed from that property you would redistribute that's the only way you compound anything if you could do that that four hundred grand would be worth about in eight years 1 million two hundred thousand dollars now a lot of people like you can't get 15% anyway anywhere by the way there's a contributor [Music] I'm calling you sir Stephen I think it was his name from Forbes a contributor for Forbes who says who can get 15 percent IRR sounds like a show for American greed shame on you dude that you write for Forbes and haven't done your homework on why I said this the internal rate of return internal rate of return in clues is how money works internal rate of return by the way you guys it right the news and you work for Forbes and CNN and smart money y'all need to quit just covering every topic and actually learn what the hell you're talking about because clearly you don't know the internal rate rate of return is determined by cash flow okay plus appreciation this is not an annual figure it's a figure that can only be equalled over time and then divided by how long you kept it to determine how much it was okay it's so easy to get 15 it's unbelievable the fact that you guys don't know that there's tens and 12s and 15 percent internal rate of returns is why you keep your money at the bank where you earn 1 1 to compound that as much as you want you compound it every hour it will still be worth nothing so all of you that were talking about compound interest it doesn't exist if there's numbers point 1 1 2 why would you reinvest in the bank the bank tells you that because they want you to keep reinvesting the money in the bank oh look this is basically 0 compound 0 what is it beat up 0 as much as you want hammer it with a freaking a jackhammer ok blow it up with gas pump it but do whatever you want hope it wish it put the freaking law of attraction on it it's still a zero it doesn't become anything until you add some in front of it nothing right so watch the bank equity in your home pays you nothing you got $400,000 for the equity in your home it is dead money okay this is how money works the first thing you got to understand this how it won't work because right here it's not working for you right here is not working for you money markets it's not working for you okay how does money work you need to get a dollar I'll just give you this okay what was the number I did on the 30 days how to make a million dollars in 30 days 1 million dollars in 30 I think it's 39 cents a second if you can earn 39 cents a second for 30 days in a row okay bottom line in the first segment the only way to make money is to earn money one second way to make money is to get money to multiply okay I'm not interested in adding money I'm interested in the multiplication of money first I got to earn it how do I earn it people have everything you want to say this all the time it is not complicated you can't make money this is counterfeit okay this is not real money right here I know that ruins some people home that was real know what's in the what's in my wallet my safe back here is real I bought the bank okay they don't even know I bought it because there's a vault back there and I'm gonna load it up with freaking ammo weapons and money if you need a bunch of dough come by my place when we can see if you can get in as a bunch but you gonna have to take it or you could just go earn your money by the way the thief will steal less money than he could earn legally stay with me this is a Cardone zone introducing the fastest growing e-commerce platform in the fitness face gym food store calm dr. David Carley is a Harvard trained m.d. entrepreneur and specialist in rehabilitation regenerative medicine along with Zoe Bedford experienced and distribution and product development bring you an online store interested in optimizing your health gym food stores your online market lid for nutritional and sport lumen tation all things help gym food stores here to help you identify and validate product selection learn more at gym food store calm that's gym food store calm right now throw in your future protecting your past JD frosted company P LLC is a public accounting firm offers a variety of assurance and tax resistant 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 pterence and management accounting services visit us right now at Frost CPAs comm Chris root of hustle wholesaling chris is in the interesting real estate space but he's figured out a little niche evan flipping deals when he calls hotel and wholesaling I want to show you how to get into real estate without making all the mistakes I have he actually doesn't own the real estate what he does is he buys a contract he basically you don't actually buy the contract you control the con for correct visit Chris recom to book a call right now 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 turning 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 we have a life of abundance and prosperity if you get there we must know how to make money how to keep it in how to multiply it wall dynamics provides coaching education accountability and community to help you build wealth join our coaching program get educated on a wealth dynamic univer and begin networking with the wealth dynamics mastermind group today to get started go to wealth dynamics comm hey welcome back to the cardones own I'm talking today about how money works you're listening on itunes or stitcher or watching on YouTube or Facebook appreciate you being here every day every day by the way I deliver a new show to you so if you're interested in money finance business career marriage how to keep it all going how to make more time I'm here for you every day I want to help you okay hundred grand you got a hundred grand how do I double a hundred grand that's what you guys should be figuring out man how do I double a hundred grand that's what you how do I get a hundred grand once I got it how do I double it the people that make all the money on this plan two people they end up with all the wealth understand how to get money to work not how they can keep working everybody knows how to work if you get to 100 grand you have proven that you know how to work to add value so people gave you more money then they would have to they pay you fifty eight thousand bucks a year and you figured out over some period of time how to keep a hundred you already know how to work what you don't know how to do is how to get money to have babies okay anybody can make a baby can you get money to make a baby if I take a hundred thousand dollars okay I got to get it out of the bank you guys have to get your money out of the bank and you have to get your money out of equity in a home money will not multiply if it's in your home you're saving money basically saving money does not multiply money okay so if I can find something that would pay me five percent a year lots of things would pay you five percent of your five percent a year for ten years is fifty percent on your money if you don't lose the hundred grand first step is don't lose it I'm just showing you I'm simplifying money for you okay five percent a year ten years in a row fifty grand I can show you a lot of things to do this AT&T stock will pay you about six percent a year G you'll probably pay you four or five percent a year problem with those two things is they can also go down in value so number one don't lose the hundred so when I was when I was 29 years old and I started making a little bit of money like okay I don't want to lose my money I studied Warren Buffett don't lose money I studied all the big players don't lose money number two get the money to get you a drip okay if I can get this to be 10% that'd be awesome that means in one in ten years my money would double if I didn't reinvest the dividends if I reinvested the dividends it would even grow faster than that that's called the compound effect right so if I took the five percent added it to the hundred every year hundred for sure becomes 105 second year becomes 110 or 111 third year becomes 116 or so third year becomes 121 that's without me like compounding it starts compounding right you get it by the way if I go to earn 10% a year in seven years the money doubles if it's compounded it's called the 7 year old you guys need to study money or you need to stay with your uncle G who will do for you what your aunt and uncle never did for you because the hell they didn't do it for themselves now the second thing you need to do is if you would be in an asset a real asset not your house not a car not a Lambo a real asset that's an ass that's et that's right you got to you got to add a little et to your ass because anybody can be an ass appreciation if your asset what is an asset something that can go up in value if it what if it went up by five percent a year each of the ten years or doesn't go up at all for nine years and bam one year it goes up 50 percent easy to do by the way if you have time 50 grand from the cash flow 50 grand from the asset appreciation I didn't lose my hundred 100 grand became 200 grand okay now if I could get 100 grand to do 15% a year dude it really get sick if I could get it to do 20 it gets stupid if I could get it to do 25 I've done all these by the way every one of these go to Cardone capital look at all the deals I've done I have we have a we have every one of my deals laid out now what happens at 15% 15% becomes 100 and now play the video and I'll show you what a million dollars does y'all want to think big think big what's you there's that Lambo 400 grand yellow team - but 342 299 254 be worth 112 while you show off 400 grand invested its 15% resort 1.2 okay so this hundred grand could be worth three hundred three hundred and twenty thousand bucks at a fifteen percent internal rate of return one hundred grand would become worth three hundred grand anybody can get a hundred grand folks anybody in this world and I don't care where you live how poor you are any human being on this planet can put a hundred grand away you just got to have a plan man what's the plan what's the damn plan okay a hundred grand divided by divided by three years what would be a long time to do this in just give me how long would you guys like you know what I can do five years okay so a hundred grand divided by three sixty five divided by five fifty four bucks today fifty four dollars a day if you could just figure out how to be disciplined enough to get fifty four dollars a day in five years you would have a hundred grand once you invest that hundred grand if you could get it in a vehicle that earn fifteen percent internal rate of return that includes the cash flow the appreciation not to mention my tax write-offs by the way that we have built into our real estate and we start paying down the debt that wasn't included there as well that'd be another thirty five percent over ten years that hundred grand would be three hundred thousand dollars okay but nobody's telling you this your professors not telling you cuz he don't do it what does he knew he he buys he puts his money over to the Wall Street people because intelligent people tend to collaborate with other highly educated dumbasses from Harvard what Harvard professor makes what I make none of them you know who makes all the money at Harvard the guys that give money to Harvard not the guys that went to Harvard you know I was a C student dude okay I'm the one that can fund charities a my name is grant I don't I am an obnoxious hard to listen to in your face I've been called the pig this week I'm like yeah tell me something I don't know poink poink mail tack more sales in less time know exactly when your emails are open know when your links are clicked on within your emails track performance metrics giving you unlimited real-time email tracking we give you precise email scheduling make sure your emails arrive at the right time every time increase your open rates and perfect your multi time zone sending we automate your follow-up process save time and energy through automation improve reply rate see how it can work for you try it completely free for two weeks no credit card required cheesy low quality leads and leaving voicemails for prospects is no way to grow a business we both know that what would 50 100 or even 200 new customers contacting you directly every month mean for your bottom line if you're a contractor then we can help you fill your pipeline and start today at current leads we help you fill your schedule with solid appointments get more leads write more estimates and close more deals need funding to scale your business we've got you covered Chrome leads is here to help you to build your business brick by brick call us today at four zero three seven one zero six two seventy one that's four zero three seven one zero six two seven one or visit us at chrome leave Tom today hey welcome back to the cardones own grant cardone I have Johnny the camera guy who had a major cognition on the break and I got pasty if you didn't tag Jarrod yesterday this is Jarrod glandt okay Jarrod's new symbol we call him Elmer okay three oh five eight six five eight six six eight so number Johnny had a cognition johnny was like okay grant I put a hundred grand in your real estate deals I don't want the dividends don't send me the checks just reinvested in the fund that would be the smart thing to do because number one you won't lose money this is the number one thing most people never get most people never get this they lose the money man okay sending money to a bank is losing your money sending money to Wall Street is losing your money you do not want to be liquid if you are liquid you can lose your money cash is not King okay the reason that was sold to the public everybody says that if anywhere in the world go cash is yeah because everybody's been programmed to stay liquid man you don't want to be liquid that's what Wall Street tells you we're liquid you can get your money the next day you don't want to be able to get your money because if you can get your money you're gonna lose it hey man I need money today what does that mean you about to lose that damn money it's going to an emergency it's going to an emotion it's going to a problem that's why they said stay liquid you know why cuz they both start with L and liquid means you're gonna lose the money I never say liquid super wealthy people are not liquid in the beginning they don't want to be liquid Warren Buffett does not want cash he wants to be invested - okay - number two is the money must have a cash floo it has to have cash flow that's what's wrong with stocks for most people okay my billionaire friend Bob's like you shouldn't bash on the stock market yes I should because the stock market does not cashflow for the individual and Natalie Francisco Nathan Johnny okay people that work in my office need cash flow to take care of their families man to pay their bills third thing and then body by the way Johnny Johnny's already got his life kind of in order so he's not gonna overspend he can operate on four or five thousand bucks a month look look at his t-shirt okay no big deal man it's not even a nice t-shirt somebody gave it to him okay okay third thing third thing is you have to be in assets you need to be in assets that appreciate you need to be an assets and appreciate you need to be an assets that appreciate I said you need to be in an asset your ass needs to have some et on it okay because et can do magical things what an ass let's talk to our callers by the way you guys are going out this week you guys are going out this weekend all you gonna do is lose money weekends are for losers how long you're gonna be in the shot Johnny weekends are for losers you guys lose money on the weekends okay what's his name Louis stay liquid Louis Louis what have you heard today that you're like yeah man I got a I got to start employing that idea I've been with you for the last month okay join your ambassadors program I also became a licensee you have completely and radically changed my life oh this is awesome right here guys right here tell me what happened tell me what happened I'm gonna tell you what happened number one just joining the ambassador's program number one I've completely changed my diet I've changed my exercise routine every single day feeding that Sun up I've increased my income by 20 percent month-over-month how much is that and what what kind of increase does that mean to you well right now I'm on track to hit over 200,000 for the year first time ever both 18 grand a month 18,000 $33 a month I know that because I remember targeting 200 grand for the first time in my life oh yeah that's awesome dude real deal folks on the real deal you might not like what I'm telling you but I'm gonna give it to you real okay I'm gonna help the people that want help and the rest of them are gonna just criticize me anybody criticizing and hating on me Louie dude they don't even look good on you okay how can you don't like don't do that like if you're gonna criticize somebody don't criticize somebody that is doing like a thousand times better than you because everybody's like okay you're either doing this because you're envious you're doing it because you want attention or you're doing it because like like cause this is look it's kind of stupid you having trouble paying your bills and you hating on the guy that's buying gas for a plane ride kind of dumb kind of dump by the way you guys apologize it you don't apologize to people you know what how does apologize and fix anything right I'm not gonna apologize to anybody about anything man I deal with God I ain't gonna deal with you and your I handle God man oh man you need I don't need to do anything I need to deal with my I need to handle my damn life I got my hands full my life I don't even Wayne tie criticizing you cuz I ain't got time to criticize you I'm too busy criticizing Monday himself every successful person you meet I'll promise you it's harder on themselves than they will ever then you could ever be on them how did they get there because they were hard on themselves okay I don't need to criticize Elon Musk he's trying to figure his way out man I guarantee that guys cranking on himself at night maybe that's why smoking the weed trying to get a little relief from himself cranking on himself okay people didn't work him office they're like man grants hard-on on me no no I'm hard on me that gives me the right to be hard on everybody okay I'm hard on me not to lose my money you guys are going to go out Friday Saturday Friday and Saturday break people okay half the nation's gonna get break broken this weekend you're gonna have another big loss this weekend and then somebody's gonna tell you I learned so much for my failures dude I didn't learn anything from freaking I didn't learn anything from getting beat up on the weekends I didn't learn anything from going unconscious on the weekend I didn't learn anything from wrecking cars on the weekend all I did was loose you guys got to quit lose it man don't stay liquid because if you don't have any money to go to the bar this weekend you won't go to the bar this weekend and definitely don't let visa go play our American Express Express play you you guys don't need to be going to the fight to see Canela and triple G I'm gonna tell you how it's going in triple G you're gonna win okay all right next caller no better way you guys can go buy a Lambo do we have a picture of the Lambo in a bit let me see it man let me see it man look look you can do that once you got your investments giving you some cash flow you shouldn't pay for the Lambo dough the free cash flow from the buildings that you're invested in could buy Lambo okay I got two big rolls-royce getting dropped off here November are you paying for either one of them this stupid man and by the way I'll lease them both okay I'm Elise them two companies that I own and it will become a tax deduction did I say a deduction did I say the government was gonna pay from my double RR okay I'm not buying those cars I'm not showing off okay I am showing off a little bit I'm showing off so what okay but I'm not stupid and I'm not paying for them and I'm definitely not gonna bond okay next caller Simon what's going on buddy sorry you're on hold so long no worries brother thank you so much for all the knowledge and all that you know all the things that should be taught teaching us lately thanks ma'am okay I've got to deal for you that I wanted to get your opinion on okay okay how big how big video one is 14 units as well when you know too small too small okay the 20 units of what's a gross income on the 20 units the growth Oklahoma now you guys out there like oh oh Korea Grant won't talk to somebody it has 20 units it look if it doesn't produce enough income it doesn't matter stay at your main job get good at your main job don't leave your main job for a dumb investment I kind of start somewhere you don't have to start with a mistake that's a welcome welcome within within a mile away I'm gonna bite it and combined as a pro failure as a what at the portfolio what the 20 years yeah the 20 and the 15 yeah yeah yeah don't do them bro don't do them don't do them okay they're doing what I've told other people to do take four units here six units over here not some guy that's probably listening to me putting up putting them together saying I got 20 units don't do it you want 20 units and one address you don't want a portfolio okay okay okay it's like it's like a poor person mama mamas putting all the leftovers together do it to serve Sunday lunch to make it look like you guys are doing good every all all love it's a bunch of leftovers well the gross income on the 20 unit is one hundred and fifty one thousand yeah so 20 years yeah but the problem is that they're there there are too many different locations they're too many different locations find 20 units one address okay next caller big Chris what's going on buddy my man my man man I've been waiting for your call dude all day I'm like where's Chris gonna call come on talk to me man yeah go ahead man you know you know you know Tai Lopez Tai Lopez's Maya his assistants said to me yesterday hey grant I saw that t-shirt you are you are you talking about us I said no man I'm not gonna bow tie okay you can fake being great but you can't fake being professor I like that man I'm make a t-shirt out of that synthetic yeah put that up tonight's ambassador by the way I put that on the tonight Sebastian hey what's what's happened for you what's happened for you as a result of being part of the Ambassador being part of the bachelor group my tape man it has really opened my eyes to where I am losing business in a fact-finding and follow-up basically the other day when you said if the guys are not building value and what they're selling I get immediately I can go down but I can buy for this I can do this or I can do that my guys were already dropping for pants when they started building value so building value and our product I sell Harley Davidsons is one of the GSE I do the selling I do it all yeah but as our biggest fault here is building the values yeah dude that's awesome man that's Allison let me know what I can do to help you okay folks you're in the car down zone every Friday 12:00 p.m. Eastern Standard Time I come to you to talk about your money your financing your career we're on iTunes and stitcher YouTube and Facebook wherever you are you uncle G comes to you you're not gonna like what I tell you most of the time if you lose money you are a loser why would you work all week long I mean I knew this when I was 17 I'd watch I was in a refinery Town Lake Charles Louisiana I'd watch it we worked for two weeks 80 hours get a check about the check damn good game pay me enough he just worked coming back I got coal all over my face black I'm black okay I'm literally like like I'm covered every every part of my body that was that was not covered was black my fingernails were black dude under my eyelids we're back inside my ears up in my nose okay and these guys I would go with these guys would all go to the bar about how little they were paid how hard they work and then blow all their money I'm like this stupid two losers like I got to get out of here but the problem is as long as you hang around losers you gonna get the disease okay don't stay liquid do not stay liquid do not stay liquid do not repeat after me do not stay liquid the money will find some place to move to that's what liquid does baby it's mercurial it wants to move right you cracked that - mama - open that Mercury's moving someplace that's the definition of mercurial comes from mercury it wants to move flow money flows you don't want that money to flow I want that money to grow while I flow - go get some moat of the glow I get the dough and I take the dough and I'm like I want dough to do what I want it to rise I wanted to make some pies so I can fly high in the skies when I'm when I'm on a g550 we good three more callers let's bring them on what you got to say where's my ladies where's my ladies JJ I want you to sound like a woman JJ I can't deal with it you got to think about money you want money you can't lose it number two you got to get it to drip you got to get it to pay you every month you got to get it to be your son you got kids get your kids to work and my kids I got Sabrina I got Scarlett I got Ben Franklin I got Abe I got George I got ulysses s grant I'm like I got four boys people like what when you wanna have a boy all right got a bunch of boys I got boys I got him in my pocket okay I got I got I got a couple three hundred million boys working for me okay I got my one of my best friends my boy he good good dude most of time Ben Franklin he a baller but I tell them it's what to do I got Oh Andrew Jackson get back to work boy get back get up out your gray and you need to go grow up son okay I got I got a bleak in here it's only five dollars but I'm like Abe you're so honest get you ass back to work with you and your host scraggly our self tall lanky get to work George George George okay George get off the boat with the flag and the cherry tree and get to work I'm your daddy we got to grab that piece okay all right let's talk to the next caller oh I got you Lucy a cigarette quit drinking you drunk bastard and get to work because look man if these just sit around in my pocket what's gonna happen is they're gonna I'm gonna lose them they're gonna catch on fire somebody's gonna grab them they're gonna go to a tip they're gonna go somewhere okay somebody somebody somebody get out leave out leave my property of the day and they're like I did a video and they're like oh you didn't tip the guy yeah I didn't have any money on me either son good by the way why are you watching whether I tip or not if I don't have any money I can't tip the guy I didn't have any dough in my pocket by the way those people love me I take care of my people okay and taking care of people means more than just money you got to defend the people that work with you I'll fight for you guys over it regalia prove that gee gene man hey man what's going on gene yeah I love you Jean I love you yeah you changed my life you changed my life totally are you so in in April I can be wealth creation formula and then up to that I can double my income so say it again say say say it again what happened you went to what and what doubled after after I learned wealth creation formula in April yeah and then I can I can double my income so first my income is a five five thousand ferment and then I can I can have a ten thousand per month I can double my income so ten thousand eight a month he brought a program called The Wealth Christian formula it's on my website okay I think it's 500 bucks or something I don't know sir it's nothing it's nothing he doubled his income that made him ten times the money he invested that's awesome what praise you are you in I mean all these Asia I'm in mr yeah yeah yeah more my so my question is how can I multiply my current income yes so you know you got to start thinking about how do you get to 100 a month right so I'm a ten thousand you're ten thousand you want to stabilize the ten thousand and then start thinking about how do I get to ten ten ten times that 10x and you're the answer is always going to be the same how do I get in front of more people there's no way around the the answer the answer will always be people institutions do not have your money companies do not have your money people have your money how do I serve people how do I take care of people how do I help you Jeff Bezos is the ultimate in helping people so so that's what I would tell you dude why do I buy whole foods because people go there to eat every day he's got constant traffic notice what he's doing with the Jack Ryan movie the jack ran movie you're gonna notice Prime Amazon Prime is now gonna deliver boxes if you bought a shirt from adidas or some shoes from adidas the box is coming wrapped as the jack run hey watch Jack run the whole box wrapped you've probably seen it right you'll see it yet anyway that's Amazon doing what people watch movies people eat food people buy t-shirts people buy tennis shoes they don't care whether you're buying Nikes or burning they're like hey let's not get involved in this like I don't care what tennis shoes what I got on right now I got some I got I don't know what they are zinnias you know you guys are Laura you guys are you guys are loyal to a tennis shoe company then y'all need to get laws to your own damn money guy goes out and burns his tennis shoe yeah fool could have given them away give them some kid that likes the Nikes you guys get too emotional man you get emotional you lose money man I deserve to go get drunk this weekend I deserve it goddamn I had a bad week and then you lose your money man if you would have already analytically lost your money take the money I love my house we love our house we love our house our kids are our kids are our kids love to school all my kids have friends you're emotional you lose money every time you get emotional okay you lose your money get it to be illiquid you can't lose it that's why I have all my assets invested in in in real estate I don't have my money in the stock market for one major reason because it's the illiquid and if it goes down tomorrow what's gonna happen I get emotional I get scared fear is an emotion I get so everything give me my money back and then I'm back to I'm back to the same man bang bang I'm like a yo-yo in the wind get rid of your money put it in assets that can serve you and can grow next caller toran from tehran oklahoma what's going on come on man come on what's happening put a layer yeah I'm a 21 year old entrepreneur man saving money I have all kinds of hustles I'm trying to save money to invest I'm looking into real estate looking in the day trading but I'm just need some advice I'm 21 year old high perspective I'm optimistic good how much money you got how much money you got right now I always have about three thousand dollars saved up man this is a recent occur I've just started saving so it's about three thousand four thousand dollars man so what I would do dude is I'd figure out how to get rid of that three or four grand get rid of the money okay don't sit on the money get rid of it put it in an asset where you can't lose it don't let anybody give it back to you if you get mortar tortured and they're like well you have some money uh uh can you give us some money uh uh I mean no matter what they do did they try to water torch you did I they just keep because if you have the money liquid you're gonna be like they're gonna just threaten hey hey they're gonna do this to you oh here I got three grand right here oh man so do get rid of the money man somebody comes over here and kidnaps my kids they're gonna be like we need a million dollars for a kid I'm like sorry can't help your bro I'm ill I'm all invested there's no way for me to get the money there's nobody to call I can call somebody but it's already gone I don't have the money okay all right my name is Grant Cardone there's a car down zone again you might not like what I say I'm not here to get you to like me I'm not running for office this is not a popularity contest anything you say about me I already know about me obnoxious we need to do something grant cardone is a noxious grant cardone is a pig grant cardone is kaki grant cardone whatever right we just need to do that in a thing and then I'm sitting in the middle like it's true it's it's true is so true it's so true but give me something I don't know I love you guys man either way I love you guys okay who else will tell you man your mom your dad your uncle yeah what are they doing for you what's what's what's the smart the Smart Money Magazine the CNN Money Magazine the Forbes magazine the C and B all they do is talk over your head you can't understand what the hell they're saying okay every day we come to you cardones own iTunes the stitcher if you don't have a download just go to iTunes putting car down zone good a stitcher put in car down zone which our other podcasts outlets Soundcloud tune in if you haven't got your tickets for the 10x growth conference grab them okay grab them we're gonna sell that baby out this is the last weekend that you can get a seat for free is it Sunday it's over I'm done I'm done okay we're sold out on the heroes firemen policemen Marines I don't have any more seats to give you nurses and teachers I gave away all the free seats I can now I need you guys to step up and start grabbing your seats VIPs and premiers VIPs and premiers they're on the field okay they're little early first base second base third base and home plate you're gonna be sitting right there on the field those are going to be the freakin hottest seats of the year and you want to get them their seats down the first base line seats down the third-base line store buying your tickets this will be a sold-out event I promise you god bless you guys be great I'm pulling for you I want you to have an experience that you will never ever forget you what would 19 year old grant cardone the 20 year old grant cardone just getting out of college not to get out of college what would you do different if he could go back this is what I would do I would buy real estate I would have 100% of my attention on buying real estate okay now I mean unless I could have been a brain surgeon or even if I was a brain surgeon look I know brain surgeons about real estate right because they know one day they're doctoring through their surgery career is gonna be late now what I haven't here is the sales department this is what I just have created my career I use the sales department to generate enough revenue so I could buy real estate this come in upcoming I'm going to be doing a webcast live webcast for a limited number of people and how to get started real estate how I did it I was 30 years old I was 20 when I started about a single-family home at $3,000 now anybody anybody no matter who you're cuz I was broke at the time can find 3 grand anyone okay that's Jared right there Jared kind of 3 or 4 million dollars with me investing in real estate and he started when he was jarred how old were you when you started investing 28 he's 33 well how old are you now 33 35 okay five years he's worth about four five million dollars today he's invested in real estate with me so people ask me hey what would you do different if you could go back this is what I would do I wouldn't invest first of all I'd keep the job I have until I could get rid of it and I would spend all my time finding properties in your market that you can come and Rehab with very little money down okay I'm going to say I'll show you how to get a loan doing it it's very easy see it's really easy to get a loan even if you have bad credit easy to get a loan or a piece of property that has income see the properties that I would find in the beginning didn't have income so they were a little harder I didn't learn this until later if you buy properties like the one behind me or even that one those are too big when you're getting started that's the kind of stuff I do today I'll do it eighty million dollar deal cross the street that deal is probably going to sell for I don't know it could be a hundred million I'll do those kind of deals today but when I was getting started I'm 20 years old let's an don't have any money I'm just coming out of college I got a job so it's gonna have to be part-time I'm gonna find a little single-family house and flip it I'm gonna find maybe a retail spot going and Rehab it and find a tenant for it I'm gonna do it with little or no money down I'm gonna keep it let it cashflow go back to the bank I'll show you how to do this go back to the bank and then based on the new cash flow of the property I'm gonna get a loan on it thanks love to lend money on real estate that produces income know this if you don't know it ask your okay okay ash you ain't gotta ask your grandparents just go back and ask your grandparents said hey you could have invested in real estate when you grew up for the last sixty or seventy years how rich would you have been grandpa he's going to tell you oh my God if I could have bought it and kept it I'd be rich if I could have bought it and had a cash flow while I was in it grandpa would tell you I'll be super rich but this is proven out for JP Morgan the Rockefellers the railroad Titans like everybody's Amazon's doing real estate today even with technology big companies when they get big they need real estate so I'm going to show you how to do this I just want to share with you what's your big regret by the way what is your biggest regret what it would have known what is the thing you would go back and do different if you were 20 years old hope this helps you okay I hope you take this information this advice well I spent from the age of 20 2:23 college looking at real estate total time hey Brian Ron Seco would you start investing real estate yeah say people are asking me hey what would you do if you were 20 years old again I said I'd spent I'd spent all my off time learning about real estate I'd go to courses do you haven't been to of course yeah yeah get around people that are doing deals you know around people they're talking real estate get around people that will share their time their energy their intellect their experiences where's the money come from where's the debt come from where do the investors come from where are the deals how do I even contact somebody about it how do I make an offer how do I negotiate a deal that's what I would do if I was 20 years old again just usually doing real estate different than a job you can get fired from the job can lose job company and go out of business a lot of things can happen real estate always gonna be there it's gonna be there question is how much will it tell you who will own it who will own it when it goes up in value you don't pay too much you got to know how to negotiate a road you got to know how to get into cash flow so you keep it what happens when the economy gets bad that's what I'm teaching these guys okay I'd love to teach you how to do it I tell these guys all damn dude buy real estate how many times have I told you guys buy real estate okay and by the way we're not buying real estate in this office they're cutting video and I tell them in your off time learn the real estate game buy you some real estate hey join me for this great live webcast I'll show you exactly how I did how I got started no money down no financing no knowledge no deals no contacts and I did it started with $3,000 have 1 billion dollars where the real estate today and going up OK look forward to working with you and let me know if you ever got a deal maybe we park [Music] you

Channel: Grant Cardone

Views: 28,399

Keywords: goals, marriage, social media, business of marriage, team work, partnership, success, parenting advice, future, yt:cc=on, sex, husband, focus, income, goal, relationship goals, digital marketing, married, wroking parents, freedom, focus on the future, wife, business, social media influencer, goal setting, financial freedom, money

Id: 0XhrwfBwBT4

Length: 62min 6sec (3726 seconds)

Published: Fri Dec 07 2018