How to Make 10X More than a Dream - Grant Cardone

welcome back grant cardone in the cardone zone every monday i come to you to talk about your business your finances your life and how to make that life bigger and better than you ever imagined hope you're enjoying the show each monday please subscribe these are free shows i deliver to you comment below give me some feedback on what you want more here what you like here if you're subscribed to our youtube channel know that you always get a chance to win money trips tickets we do all kind of things for our subscribers so make sure you subscribe to the channel comment below get our attention uh if you like the show let us know if you don't like the show hey for whatever reason please let me know actually look at the feedback there and i appreciate it today i want to talk to you about how to make 10x a reality how to make 10x more than just big think big ideas fufu [Music] you don't want to just like be in imagination mode and i notice and i see some people doing this right now we're like i'm a 10x i'm going to go so big but big never becomes a reality so i want to show you exactly what i do in my life to make 10x a reality a big think and how i use 10x to solve problems okay to literally solve problems in my life the only reason anybody wants to 10x by the way is because you're no longer satisfied with what you have going on right now you've reached a point of where you're like i'm done with that i want to go bigger trust me there's a lot of people out there that hit this spot right here i can't tell you how many people have sat in audiences of mine uh our 10x growth conference that we have coming up by the way we're going to show you how to get a access to the 10x growth conference sold out event for almost nothing because you follow me here i'll do that in the show maybe we put a link below johnny the reason people want 10x is they're not satisfied i cannot tell you how many guys and gals that i know that have made a million dollars a year and become depressed because they finally achieved their target whatever that target was it could have been 100 grand could have been a million i hear it about a million all the time though man i made a million dollars man i can't tell you how freaking depressed i was okay eminem talks about uh nf also and after new i don't know if you got any nf music over there but nf talks about i had the best year of my life and it was the worst year of my life i'll tell you another guy that talks about that will smith talks about the year he made the most movies he was at the height of his fame he was the unhappy unhappiest i've had the experience in my life of reaching where i wanted to get to i remember i was in a particular industry when i was 40 years old 42 years old and i wanted to be number one in my industry and i achieved it and i became extremely dis dis satisfied okay disease dis ease this i'm not at ease i'm not satisfied i'm not comfortable i'm not happy anymore and i just achieved what i thought was the uh pinnacle of my life i'd actually achieved one of my targets the reason you want to 10x targets folks and you know i have been studying this now for the last almost 21 years okay the reason you want to have 10x goals is so that you do not become comfortable dissatisfied even depressed in your life believe it or not people can become depressed when they hit their targets okay it's crazy as that might sound i'm going to show you how to use 10x okay to get you literally new think because that's the goal here when i'm not satisfied what i want is basically three target three things i'm trying to accomplish in 10x is new think new think okay because when i have new think right what am i doing i'm excited again when i'm doing the same thing over and over and over and over and over and over again and you're so good at it that it doesn't even matter it becomes rote it becomes mechanical and you become or experience burnout 10x is about how do i get new think how do i get new problems i actually want new problems most people are trying to get rid of problems okay well the truth is problems you know you love problems whether you know it or not you just don't like the ones you have right now because you're sick and tired of being sick and tired you know that old thing how do you find the bottom when you finally hit the bottom you're sick and tired of being sick and tired of being sick and tired you're like okay i'm going to change my condition however you don't have to go to a bottom in life to become dissatisfied i remember i remember going to a treatment center for drug addiction because i was sick and tired of being a drug addict guess what a year later i was sick and tired of just being a clean drug addict a not using addict i was i was sick and tired of just being clean i'm like okay now i want to improve the quality of my life man i want new think and i want new problems i actually want new problems so for all of you out there that are trying to get rid of your problems trust me they're not going away you're going to get rid of your old problem and have a new one okay the single guy says i'm sick and tired of being single the woman i'm sick and tired of being single and then they get in a relationship guess what you just got new problems you got rid of the old ones you got the new ones okay so don't think that you're gonna get in a relationship and suddenly be free of all problems you just got some new ones and you want new problems okay i actually want big giant massive super massive problems that keep me intrigued and new think why because new problems bring you new solutions okay and a new way to a new way to solve problems because when you're solving problems whether it's money problems people problems business problems you're solving the world's problems when you're doing that you're live you're experiencing you're expanding and you're doing big things okay so what am i looking for new think i'm looking for inspiration man how do i do this how do i do this who do i need to meet to do this what would i have to do to make this happen okay new problems man oh my god man i don't have enough money i don't have enough time i don't have enough people nobody knows me this is going to give you new problems when you start thinking big and surrounding yourself with other 10x people that are doing massive things you start literally asking yourself better better quality questions which i'm going to talk about here in a second and you start looking for hey how would i solve the problem who would i need how much money would i have to access where would i get the debt who would my partners be which brings us to new solutions and the new solutions is what is going to give you the inspiration the excitement and the momentum that you need okay so how do you 10x this thing okay basically you take any target and you say i'm going to 10x that target it could be money could be people it could be manufacturing inventory products books sold books people that know you it whatever right like i had i think i had 10 000 followers on facebook and i'm like how do i 10x that how do i go to 100 000. uh we sold a thousand of sell or be sold how do i go to 10 000 sold seller be sold right you literally just take whatever the target is any target probably want to stay away from wives you don't want ten wives okay because that would mean ten divorces right it would mean some fun but it's going to be very very expensive to get there so you want to 10x those things that are survival 10x those things that are good for you now check this out let's say you are you got a problem right and you're like okay i got uh i got uh gambling debts of uh one million dollars do i want to 10x my million dollars where the gambling does no which means you now know those things which you cannot 10x are not good for you right you don't want to 10x your smoking habit right now i'm going to have 10 cigarettes an hour see what i'm saying so 10x actually puts you in the direction of survival so if you take anything that is survival for you you got 10 units you're like if i could 10x those that'd be 100 units but i don't have the money for it that's fine you don't need the answer yet you need to 10x the target as long as that target is survival you should be able to 10x it those things which you cannot 10x or not survival for you number two okay you got to start asking quality questions they're going to force you to ask quality questions good questions who what um how who what and how who do i need to meet who do i need to talk to who needs who do i need to work with who could i partner with who could i get debt from who who and who that's why i always say who's got my money okay who's got the connection who knows a person that knows a person who is the solution to all your problems trust me you will never advance or 10x your life without the who then it's going to be the what okay what would i need to do what would i need to learn okay what skills do i need what amount would we need to spend to get that what would i need to borrow to make that happen what do i need to do to make that happen what do i need to get rid of let's say you want to become let's say you're a latin singer you're in mexico and everybody in south america knows you your number one talent in the world the number one talent in mexico south america everywhere you go down there they know you but the moment you come to america your crowd goes to like this you're like i want a 10x i want to be known in america i want to be known in canada singapore europe right right because you want to grow well guess what who do i need to meet in america and singapore and europe what do i need to do in those countries different than what i'm doing what skills do i need to learn who and what do i need to do and then three how how do i go about if it was possible how dot dot dot if possible you'll you'll need to add this because when you get to the how you're going to always be like dude it's impossible okay let me give you an example let me give you an example okay right now i own um i'll give you an example of our 10x growth conference i did a 34 000 person event in miami we sold 36 400 tickets to that event 34 000 people showed up we oversold the event because i knew i'd have to oversell it by at least five or six percent just to get the place full when we sold the event i said how do i 10x that event so i'm going to take anything from the past that i've accomplished and i'm going to be like i want to 10x that thing okay i would need 340 000 people well there's no event in the world there's no event i don't think there's an event is there johnny maybe look online is there a place in the world where i could put 340 000 people in the in a stadium for three days and you're like oh yeah and maybe there's a place i don't know i don't think there is but the problem is even if the place was big enough check it out i don't know how many people go to a super bowl every year year after year i i would expect that new people go to super bowls every year because it is so painful to get to the super bowl how many places in the world johnny so let's see can hold 340 40 000 people the biggest one is 132 000. good so there is no event space on planet earth where i can do that number one if there was a place trust me they're not going to come back for three days because getting in to la to to the where did i go see kanye and drake um that was the uh what's the name of that joint the coliseum it was an hour and a half to get to the coliseum because of traffic and then another 30 minutes to get through the doors because of the tr 80 000 people showed up at one place and that day when i did that i realized oh i could never do an event with 80 000 people for three days i'd have to shrink it down to one day because they're not coming back the next day because it's going to take two hours to get into the stadium and be like no matter what you're sharing with me bro i don't want to wait two hours to get in two hours to get out you understand so watch we said okay what could we do to get a 340 000 person event and and my whole staff was like there's no place in the world that can do that you'd have to do three events number two they're not going to come back the second day because of the the the complexity and logistics of getting in a building that big three uh man the cost of doing an event like that is going to be prohibitive okay so everybody's told me no no no then i said but if it was possible how would we do it you see when you're doing the 10x thing it will seem m possible which is impossible how can i do it who can do it who has done it who has ever put 340 thousand person so we just kept going through this exercise but who's done it dude oh it's impossible nobody's ever done it kevin hart can't do it tony didn't do it nobody can do it who has done it bro has there ever been a time when 340 000 people showed up in an event to watch something oh yeah grant tv does this every day how many people are on fox news today fox business can you find out johnny how many people watch fox business which is a garbage tv channel or cnbc every day it's in the millions folks boom undercover billionaire that's what we did the next year i would actually do an event that was smaller we went smaller we went from 34 000 to 12 000 people at mandalay bay i left mandalay bay shot undercover billionaire and the wednesday the wednesday the first night that that program showed 1.1 million people showed up to watch undercover billionaire by the way we're going to be doing a complete breakdown of that show johnny we got to do that before i leave again we're going to take undercover billionaire and we're going to cut it up and show you what you didn't see in the show what would you find out about fox so fox daily viewership is 162 000. wow fox business yeah it's 162 000. so that's every day by the way every day every day every day every day i don't need a stadium and i'm like let's do a tv show let's expand gc tv let's also start doing some other tv shows which we're going to be talking about here in the future and if you want to be involved in that gctv.com is going to blow up folks we got five shows that we're going to produce this year about entrepreneurs entrepreneurship how you think we're going to be showcasing entrepreneurs being dropped off taking the undercover billionaire challenge we're going to be looking at some little entrepreneurs showcasing some of the greatest kid entrepreneurs that are live on this planet that's one of our tv shows this year and two other projects that i can't even tell you about okay so watch what we did we went from 34 000 per people to 12 000 people we actually did a more intimate bigger event kevin hart dana white um floyd mayweather john travolta i mean it was freaking stellar okay and then we what y'all didn't know was i was leaving there shooting undercover billionaire where we had a 1.1 million followers per night now watch this year we're going to go to 3 400 person event we're going to make 10x growth conference even more intimate and trust me there's going to be 3 million 3.4 million people know about that event while we're doing it okay now our event this event this 3 400 person 10x that was 34 000 it would appear to you is one tenth the size okay the size of the event you see me doing today does not mean i have not gotten bigger in some other places while you think only 3 400 people are going to be at that event 3.4 million people will see the event and our sponsors and the show that we do 3 400 people will be in a room some of them will be front row and this event is completely 100 sold out uh the best chance you got to be in here is getting on a waiting list talk to annie if annie can't help you we can't help you okay now what i'm going to do for you guys that are following me on youtube and instagram i'm going to give you access for 99 bucks go to a dm me on instagram virtual the word virtual all you got to do is put in my dms on any page that you see any post i see just put in virtual and i'm going to hit you with a with a way to to without travel without a hotel where you can have complete access to the full three days and trust me when i tell you the whole world the whole world billions of people will know about our 10x growth conference because of what we do this year uh dm me the word virtual or put a link johnny for the i got it in special pricing today okay so see what i'm doing right here let's say let's say i got 10 000 units okay let's say i got 10 uh right now i got 12 000 units my target is now 120 000 units i'm no longer satisfied with the what i have will i ever be satisfied yeah i don't know i'll be satisfied when i continue to press myself so you guys don't want to be satisfied cool man find someplace along the way where you finally get satisfied but if you're watching the show right now let's keep it real you're not satisfied otherwise you wouldn't you wouldn't even be watching this right now okay so let's say i want to go from 12 000 to 120 000 units here's the exercise okay i don't have the money to do 120 000 units 120 000 units today would cost me times it would cost me three six 36 billion dollars i don't have 36 billion i just don't have that sitting around right now so what do i do man who do i need to meet okay how would i do it and what do i need to learn i need to ask myself those questions who what how who what how okay who what how who how what who how how wow who okay who do i need to meet has it ever been done before has it ever been done before okay if it's been done once if i could check that question off has it ever been done does anyone own that many units yeah there's a company called starwood that owns 120 000 units there's another company called blackstone that owns 120 good what did they do what did they do who do they know how did they do it if i can answer these three questions right here okay this question just keeps me in check has it ever been done before then who how what let's say you want to sell some books okay i remember when i sold seller be sold i sold a thousand units a seller be sold sell or be sold and i sold these door-to-door how do i 10x that how do i go to ten thousand okay once i got to that how do i 10x that or on the way i need to sell a hundred thousand okay what's the problem with books i need a bookstore oh books self-published that's a problem we don't want self-published books over it i don't even know the name anymore because they went out of business they went out of business because they wouldn't take my book i'm still in business okay why we've sold millions not hundreds of thousands millions of copies of this book using the 10x rule who what how if it was possible if it's ever been done how would i do it okay i've sold millions of virtual books seller b so let's give them a link to a free copy of seller be sold today or any of my books by the way grantcardone.com freebooks grantcardone.com free books you can go there grab a book pay for the shipping i'll send it out to you and we'll get you the book okay so is 10x a pipe dream no 10x is a mechanical way to figure out how do you take your 10 customers that you have right now hey man i want to go to 10 times that 100 customers who do i need to meet how would i do it if it's possible what do i need to learn okay who what how who do i need to know who do i need to have on my team who do i need to have involved in manufacturing who what what do i need to learn what do i need to know what does my team need to know and then how do we do this dog how did they do it how would we do it if it was possible my name is grant cardone eight 305-865-8668 oh five eight six five eight six six eight you got ten properties right now you're like okay how would i go to a hundred okay this is what you did you found out okay i went and bought ten houses tell me when we got callers johnny and you're like it took me five years to get 10 houses or maybe it took you 15 years to get 10 hours you're like dude i can't keep doing this okay how do i get a hundred houses oh how would i do it if it was possible i'm gonna find one deal 100 units okay that 100 units is going to cost me 100 units we just did this with a guy 100 units times i think he paid 80 000 a unit the whole deal was 8 million dollars now watch what happens he's like i don't have 8 million okay good are you committed to 10x are you committed number one are you committed to the 10x vote yeah man but i don't have the money okay good how much money do you need you need two million dollars and you need debt of six million i don't think i can get a six million dollar loan grant and i don't i don't have two million dollars good okay who has the two million who has the six million who's got the money the equity and who's got the debt oh by the way who's got the deal if you get the deal dude if you get the deal then we can get the debt the debt's easy okay because there's millions of people not millions maybe but there's so much money on this planet as debt it's unbelievable this asset class is the best in the world for debt and this money right here these people two million dollars who's raised two million dollars before is it ever been done before who did it who do you need to meet what do you need to learn that's what we do in our real estate club okay if you want to learn how i've been buying real estate now for five billion dollars is really the time i bought five billion dollars worth of real estate if you want to know how i started with no money no debt no information just the 10x mentality uh i'll give you a free training below grantcardone.com rei grantcardone.com forward slash rei grab that free training it's three hours long completely free and you can learn who has the equity who's got the debt who's got the deal what do i need to know what do i need to say what do i need to learn and um how do we do it man how did they do it how did somebody else do it you see i'm gonna use the same thing it doesn't matter what's books customers friends i want 10 times the friends i want 10 times the followers okay i want 10 times the comments whatever it is you want 10 times up folks just got to believe you got to stay committed it's not a pipe dream it's real it gets you new things new problems new inspiration it gets you new solutions when you connect your targets i promise you're going to be so alive it's going to be unbelievable the last thing i want to tell you this about 10x is this most important thing you will not keep 10x if you're around 1x people you can't stay 10x if you're around a bunch of 1xers and 2xers you're around a bunch of successful people that are satisfied that is the doomsday for this 10x mentality to be 10x you got to be in a 10x network and just because somebody's successful or has created success or has had success i'm telling you there's successful people out there right now that have held me back from going where i want to go because they were successful and satisfied with success okay the only way to truly 10x your life is to continue to be around people that are 10xing a 10x network so i hope you join me uh for our 10x growth conference that will be talked about around the world i have the biggest speakers on this planet the single second one number one number two and number three biggest names in the world will be on my stage at the 10x growth conference dm me the word virtual on instagram dm me the word virtual on instagram or john he'll put a link so that you can grab a seat without traveling promise you this will be the biggest event in the world if you want to get on the uh standby list because the events sold out we haven't even announced the event or a speaker and we're sold out johnny let's talk to our callers all right we got kareem from texas kareem what is your question concerning 10x hi how are you uncle g how was your day yeah what's up jeremy yes sir yes yes so i am actually a student uh at a university i'm studying to become a neurosurgeon and uh my 10th question was for you today is what is your recommendation at the age of 20 uh to fulfill a live of uh 10x i i always say to other individuals that i want to be the next uncle g with private jet and things like that but most importantly i want to be uh bigger than what i am right now yeah good so look here's the big yeah here's the deal okay and and something really important for everybody you got to get while you're trying to get this 10x trying to get the jet along the way you got to get momentum you got to get momentum as you're doing this you can't disregard even though i'm working on this big concept over here whatever it is you know you want to own 10 000 units but you don't even have an apartment you have to get wins along the way so you can't disregard the little the stepping stones the stairway to heaven right the stairway to heaven still requires a stairway as led zeppelin said so you got to still put in the work at the lower levels i'm always doing the grunt work right now today i'm always doing the push and shove i want eight billion people to know my name i'm doing this show today what what johnny you think a million people will see it yes sir so a million people see this show dude i'm a long way from 8 billion i got to take the little wins along the way so what do you want to do when you get out of school i want to uh you know open a uh i i tell myself i kind of followed your instructions and writing goals on a piece of paper and one goal that i wrote down was uh i opened instead of saying i will open i wrote i opened 40 hospitals in the world okay good so first thing we got to do is get in a hospital okay pro probably i don't know or maybe you can find out who's open 40 hospitals what do you need to do who do you need to meet so did they even have a degree did they have the degree you have or maybe you just need to connect with those people right now so like if your goal is to have 40 hospitals one you got to be around other people to believe you can do anything and then it's got to be like well who's done 40 hospitals what did they do to get 40 hospitals how much money would it take to get 40 hospitals once you know those things then who's got that much money who do i need to network that has that connection who would i have to go through i trust me money will not be the biggest problem for you starting 40 hospitals it's going to be the network the problem the people the regulations the government there's gonna be all other kind of problems but bro they don't teach that stuff at school what we're talking about now ain't no college in the world i'm gonna teach you there's no course on how to start 40 hospitals thank you for calling in hope that helps okay who how what what i got to do has it ever been done before can i duplicate it and then i basically uh reverse engineer this beast until i'm like okay get around some people that believe i could do it all right we got angel in west palm angel what's going on in the west palm buddy uh hi oh uh i'm 13 and no 14 sorry uh and i was wondering what advice uh you have for me to help me authentic uh connect the possibilities that i could have in the future yeah okay so what hey my friend angel what's the most successful thing you've done to date uh looked at a couple deals uh in real estate because i'm trying to get into that game for well did you do a deal have you done a deal yet no i haven't done a deal so what's the most successful thing you've done in your 14 years uh calling nothing no no you did something dude what's something you're really proud of that you did uh i'd say go go to volunteer uh uh a horse farm you are a volunteer at the horse farm good bro let's do some more of that man let's do 10 of those okay okay like let's do 10 of those you're going to be learning stuff i promise you you're gonna be this is what i would do angel if i were you right now i'd take anything that i'd already done one time and say i'm gonna do that 10 times because in the repetition of doing it and start looking for opportunities who's there what do i need to learn how could i get better okay every single thing folks that you're doing right now that angel's doing right now whether you're 14 or 44 okay or 84 everything you're doing today that you don't want to do if you could 10 times that promise you you will learn something that you will use in the future to 10x some other dream uh some other aspiration that you have in your life okay so angel if you're ever down here in miami bro come by and see me i want to sign a book for you i want to personally give you a let's do a photo together and a big 10x rule autographed by the gc goat himself i'm the goat of 10x i'm the 10x goat [Music] i think that's a sheep oh what a goat sound like i am you you listen to jesus was a goat he sure was they said jesus who are you i'm like bro didn't you just say my name he said i am the father the son no he didn't he said i am period ooh no description on me dog i am you know what eminem said i am whoever i say i am was that eminem yeah if i wasn't i am whoever you say i am next all right we got bridget in denver man i'm so glad a woman called in bridget what's going on from the big what's the area code in denver 720 303. that's right the 720 or the 303. let's go what up b what up my baby man what's up uncle g how you doing today oh man i'm doing so good i'm doing so good now that you called in i know i'm feeling your energy so much right now man i'm feeling your energy let's go so check it out i talked to you um on the phone like three weeks ago i was in pueblo we gotta quit talking on the phone like this me and you we're starting to have something yeah that's right that's what i'm talking about this is the only way i can get ahold of you so you know i'm on it let's go uh so basically what i did was i sold the house uh you know what i mean so i guess my question is going to be how can i 10x this money okay how can i 10x is money because i have you know over a hundred thousand dollars in the bank right now and i want to invest it but i want to make sure that the investment that i'm investing in is going to produce income like i know that the what the cardone capital the florida investment is going to be a long-term investment which is uh you know that's what we talked about last time but i'm needing something you know that's going to yeah okay so bridgette uh this is a great question this is a great question okay so here's the deal let's say you got 100 grand and you're like how do i 10x 100 grand all right well number one number one thing you know you want to 10x something don't go to zero okay but you might have to take this to zero to get there what you don't want to do is you don't want to lose the 100 grand so you got to take off losing okay now i might not be able to 10x this money today but what if i could 3x the money and know that i can't lose it like that's off the board i'm not going to lose my money so i'm like okay that gets me 300. now how do i get the other 700 000 well it might not be in this one swing right because if you take one swing you can lose your money okay to go 10x you could go buy some bitcoin today say i'm gonna go buy bitcoin today i think it broke 40 it's 42 000. johnny what is it so i'm gonna go buy she's gonna go buy um uh she's gonna put a hundred grand she's gonna go buy two bitcoins the problem with that is no cash flow she said she wanted cash flow and number two okay it could go to 420 it's never been there before never it got to 67 000 it got cracked today it's at 43 892. so it's on a run right now with a lot of bad news around it lots of bad news a lot of scared a lot of a lot of a lot of fear going around the crypto space right now and any of this stuff cracks and falls apart right now folks that thing will not go to six it won't go to 400 000 overnight it might take years and years and years so you got to give time up so the goal's not when i 10x something i'm like i got to do that in 12 months because that puts you at risk and you don't want to lose money because if i go back to zero this gets harder not easier that's why i said and i want everybody to write this down on your way to 10x you have to take wins along the way you got to take the little victories along the way so what i would tell you is cardone capital is perfect for you bridget because this is going to get you cash flow it's going to get you non-taxable money because the the money from cardone capital we call it passive income but it's actually not income it's actually a pay down on the investment you're actually getting a return of your hundred every time i send you a check each month okay we think that that deal will be a 3x on the properties that we're buying right now somewhere between 15 a 15 annualized uh irr and a 3x return we really believe that we can get there i've done deals at 4x and 5x i have deals that have done 10x when we hit the right time right market right moment and hey some of these deals i'm doing right now they could be 10x returns in fact they could be infinite returns meaning i would give you your money back bridget at three four maybe five years and you have that money to reinvest again so this is what could happen don't be stuck on how you get there bridgette okay so watch watch what happens let's say in five years okay i give you your 100 back and you go buy another deal that's worth 300 000 because that's what it'll do this deal by the way bought a deal three hundred thousand dollars worth of value your position in this deal okay and a hundred about three hundred thousand dollars worth of real estate that's what it buys okay at the 2020 what's the date today uh 2000 yeah let's say 2027. i give you your 100 back and you go buy another deal at 300 you basically are sitting with about 800 000 worth of real estate and you still have your original 100 grand that puts you at 900 000 with all the income that you've earned for the last five six or seven years what everybody wants to do is the easy thing i'm gonna take a hundred grand i'm gonna throw it on the table you could go to vegas baby you could turn 100 grand into a million dollars if you win every hand but you could get wiped out and i just want to remind everybody that's how they built that hotel okay i want to add to that guys i took a million dollars invested in lehman stock in 2007. one million dollars the stock was 183 bucks i bought it at a dollar i'm like bro there's no way there's no way they let lehman go out of business look up lehman today okay 30 days later i lost one million dollars they bankrupt the company took it to zero so when you go for the big risk remember that could be a big loss could there be a big score no it wasn't worth it it was stupid what i did was stupid why it was not a real asset i did not know what i was investing in three it did not cash flow four it had a chance of going to zero okay the properties i invested today they can't go to zero go ahead bridget what do you want to say all right so that's basically what i was um worried about not really worried about but i mean with those four things when your investment i think i think that's what i want to do i mean i've been wanting to do that now let me just say this to you okay the hundred grand sitting at the bank means you're going to lose the money the money is already gone you've already lost it it sits in the bank many of you think that the money is safe but the truth is today money is not safe at the bank uh it is protected by what is that called the fdic yeah the fdic but bro big deal man by the time the fdic gets involved bridget that money is worth 40 grand not not a hundred i know i know so i gotta get it i gotta get it invested right away so yeah so look the other thing you could do is you could find your own deal you could find your own deal 100 grand will buy you 400 000 worth of real estate and then then you could go manage your own deal but but you're not gonna you're you can everybody watching this right now you could go buy an identical deal to the deal i'm doing right now it's a property that we're gonna change the name up to 10x sunrise if you own 10x sunrise it's 387 units if you paid exactly the same price i paid which was 111 million dollars i think that that was the number on the deal i've done a lot of deals recently so sometimes i i can make a mistake do you do all your research you know when you invest with me or anybody um with any investment there within that anybody everybody knows they should yeah 111 million i'm going to be all i'm going to be all in on this deal for 119 million dollars okay so um you could buy the same deal bridge that i just bought your hundred grand won't buy yeah you can't buy this deal for a hundred grand but if you could buy the deal if you could buy the deal the only way you could buy the deal is to do it with me okay you take a hundred grand of it i'm gonna take the rest okay okay and and i think this deal right here i think this deal is is is three to four times on your money i think anybody that investment on this deal i think you end up making 400 grand on this deal i can't promise that but i believe i think that i'm gonna have your return your hundred grand returned in 24 months plus you're going to get cash flow out of the deal you'll probably make 12 000 a year i'm sorry 6 000 12 000 over the next two years you'll have a hundred grand plus you're twelve thousand and then i'm gonna take i'm gonna give you all of your 100 of your money back is my goal and then you you'll be able to go invest in another deal with for 400 grand so if you bought this same deal yourself you could not do with this property what i'm gonna do with it because i have i think i got three thousand people on our management team i got a 189 people here at cardone enterprises and cardone capital working on deals raising money i'm finding better deals this deal was off market this deal has never been marketed to the public i believe right now this deal 387 times 400 times 12 divided by .04 i think that there's 47 million dollars of profit to make on this deal right now the way it sits that i bought it 47 million less than what it should be today so bridgette i would tell you to throw your money in this deal i know you believe in me and then yeah i would figure out how to go get another 100 and do it again with me rather than trying to find a how how to get a hundred to go straight to a million dollars it's it's just too risky that's black or red you go about 100 grand on on on a roulette table put all 100 grand well they won't even let you do that they're going to cap it up okay so bridgette denver is a great real estate market right now but very very expensive by the way okay grant cardone here folks every monday i come to you talk about your business your finances try to give you a little inspiration in a week get your head right get your damn money right you know you need the money who's got my money is my battle cry who's got my 10x who's got my dream okay that's what that means who what how who what how has it ever been done before if it's ever been done before by another hey why can't i do it okay my name is grant cardone thanks for watching the show today every monday we come to you click the button below above grab you a subscription to this channel if you want to see our shows archived in the past go to gctv.com that's gctv.com that's where i'm going to show you undercover billionaire what you hadn't seen and that's where we're going to be dropping five new tv shows this year produced by our new launch 10x life media okay we're gonna be bringing it to you we're gonna be showing some of you guys and gals off to the rest of the world if you're a super entrepreneur and you want me to highlight you make sure you let me know about you until next time peace love and cash flow

Channel: Grant Cardone

Views: 83,758

Keywords: grantcardone, grant cardone, 10x, money, finance, business, sales, motivation, yt:cc=on, WeAre10X, 10XNation, 10XStrong, 10XLife, 10XEverything, real estate, real estate investing, investing in real estate, money advice, how to generate wealth, wealthy, money tips, advice on money, how to start investing, stocks, crypto, cashflow, cash, mutual funds, economy, economics, tax season, taxes, dream life, 10x life, 10x fream, 10x nation, how to 10x

Id: d4WVxnU9bbQ

Length: 43min 56sec (2636 seconds)

Published: Mon Feb 07 2022