"They Want To Keep You Poor!" (BIGGEST MONEY MYTHS) | Grant Cardone & Lewis Howes

particularly americans have the wrong data about money there is financial misinformation in the marketplace that is perpetuated by the banks and the institutions because i think you gotta have a dream the school of greatness really yeah please welcome a lot of people are afraid to invest because there's a lot of different investments they don't want to lose money yeah i don't want to lose money you don't want to lose money but why do you think people are afraid to just talk about money to make decisions on investing money uh they're scared to go earn more why are people afraid of money in general do you think well yeah i can tell you for me like i was always scared of money you know and and i was terrified of it so so like if you look at still today like i look at the bill of everything it's a bill of everything if something cost something i want to know how much it was and so like how much is it like i'm going to ask that question whether whether it matters or not i'm it doesn't matter where i get in my life i i don't think i'm ever going to be free of how much was that how much was the dinner how much how much was dinner how much was the tip how much was the code how much was the jacket what did you know me me and elena like elena's like hey it's going to be fine man like look what look look look look at what you've done we cannot spend this and i'm like how much was it i want to know how much it was because when i grew up do you had to know what things cost and so the point your your question about money is it's a terrifying thing because it's the one thing in life that you know the nfl is not going to give me the ball and and i'm never going to get a chance to golf i can't win in those environments but with money everybody gets money it's the one place where everybody gets it and now what do i do and i can lose it now so it's a terrifying concept like like power you know very few of us ever ever get any kind of influence or power right once you get it you're like hey what do i do with this you know am i going to do it am i going to do the right things with it and so i think people withhold themselves because they don't we're not educated about money we don't know where it comes from we have a lot of misinformation about it our parents terrified us you know money doesn't grow in trees uh save your money it'll save you all these these these things our parents told us because they were enamored uh or are encumbered with the same kind of liabilities around money right i don't know how to get it i don't know how to keep it and the third the worst part that we're all at is i don't know how to invest it yeah so what i'll do is i'll some people get good at getting it very few actually fewer people at keeping it but probably more than getting it there's probably a big group in america that have learned how to keep money because they're afraid to lose it they don't want to invest it they don't want to use it they don't want to you know um you know kanye talks about this how white people how white people save all their money and they just keep it they just store it like i had an uncle he buried everything he ever made he went in the backyard wow the other uncle was was uh he was he was a guy that bought he he worked hard very very frugal italian descent and he would uh buy real estate but it was always buy low and sell high he actually never sold anything but that was the concept buy low buy the cheapest lowest get everything on a deal if there's food stamps to be gotten you go get those food stamps if there's a if there's a government deal get it if it's section 8 and the government will pay you pay it so both these guys different kind of mentalities were extremely frugal my other uncle was uh worked in a refinery he basically saved all his money paid everything off got out of debt that was their lifestyle my dad died when i was 10. so he paid all his debt off had everything paid and so that's all i had right everybody around me was like get money keep it keep it don't use it you know but but you should invest but nobody ever learns that third one and and so i think we're just a bunch of people walking around terrified of this this apparent apparency of it's scarce right and it's not and and you know it's not there's nothing scarce about it then they just print more and the last time we printed we we printed more i think we printed more money since the last time i was with you then they printed in the last 100 years that's crazy since i saw you last that's nuts so everybody should have got a pay raise mm-hmm and i know i know people are scared of the bubble right now they're like oh my god man things are things have to real estate's too much and stocks are too much none of this stuff has gone up equal to the amount of money printed so if the print is this high you know if if the print is that high and inflation that we're hearing about all the time is this high you'd have to assume it would have at least this far to go um but but that's only because people don't understand when you print this much money you need to multiply times nine because money money is printed and when you take your money to the bank when i take the money that you're going to give me for this great interview today and i take it to the bank i put it as soon as it goes into the bank the bank gets notified and the bank now has the ability to loan that money out nine times nine times nine times so they don't keep money okay so if you put a million dollars with the bank today they're they're gonna go make nine million dollars worth of loans tomorrow how do they make that how do they do it well that's what they're allowed to do by by their regulations they can take a million dollars that you give them that's why they want deposits so much and then they can go give nine million dollars on loans on that one that's right within a year two years in one day they can loan out nine million when you when you this is what people understand they and this is what our parents didn't understand okay so bob goes out bob or betty goes out and they work and they make they do really well they make 200 grand a year maybe they're online doing online sales hustle hustle hustle sell trading their most valuable thing this is what i did for 25 years from 25 to 51 years old spent my most valuable asset time to get money terrified terrified every second of every day that's that's really what's driven me the whole time was tara like when you don't know you're going to be scared yeah so i'm going out to get money i won't i won't spend any of it because i'm terrified if i can't i don't know how to get more i'm worried i can't keep getting more so then i'd get the money and then i'd rush off and spend my most valuable asset time again to bring it to the bank yeah and then they go multiply dude they're telling me to save it and they don't and so when i quit listening to every everybody that's got an opinion about money online or my neighbors or my uncles and i started saying what are they doing when i banks when i quit studying the influencers and started studying the banks goldman jp morgan kkr there's it's an endless list of these guys you start studying those guys elon study elon elon doesn't keep any cash he thinks the whole thing's a joke which is probably right so so what does he do he reinvests everything he's not paying debt off he's accumulating debt but apple has debt google has debt facebook has debt and they have cash reserves that that are the biggest cash reserves on planet earth they could pay cash for everything why do they don't why do they get debt when they have all exactly why do they do that because because if i take if i take man you got a little white board right here man apple just did this okay i got 90 i want to make a 90 billion dollar purchase i want to make a nine and they're like yeah we got the cash for that in fact we have cash plus another 50 percent yeah we got plenty of cash to do this okay and then one of their people says okay bro you do that that is not a tax deductible event what we should do is we should go keep this and go borrow 90 billion really at like point zero zero five percent like they're going to pay a half one percent for this debt maybe they pay one percent who cares they're like i don't care it's a tax deduction anyway interesting so now they have the best of both worlds they have their cash and they have debt now back in when i was growing up this debt would cost 10 12 15 18 it's so cheap now this debt because we print money we we money is not scarce like our parents told us like when i was growing up i bet you i heard i heard at least from my mother from the age of 10 to 15. if i didn't hear this 500 or 1000 times i never heard it once we don't own the electric company turn those lights out boy um i still have that going on today my dad my mom told me my dad would because he worked so hard dude like he was so like oh i finally got it i finally made it now i got to protect it he got stuck in the second piece keeping it you know it's an emotional keep and so it's it's not a rational thing because you're hoarding now you know still today man it's it's tough for me to buy blue jeans if they're not on sale and i'm like this is stupid man like what i'm just gonna wait right you know so say you know what i'm saying but it's really stupid that i even worry about it right and i'm not saying on the come up i think you should worry about it right but there needs to be where you can turn that switch off mm-hmm if you could give um you said there's a lot of misinformation and people just aren't educated on on money in general when they're growing up well there's just a lot of information i think they're miserable it's more it's not a financial illiteracy it's a financial it's almost like we've been hypnotized with the wrong set of rules so if you could only share three pieces of information to your kids or the younger generation or anyone stuck on hoarding and keeping money what would you say would be those three things that you would share yeah to change the philosophy and mindset around the fear of money well i think number one is there's a bigger problem with hoarding in this country than there is with spenders but what we see is what we hear is all the spenders who are getting into debt yeah oh my god you know he did this and he's overspending but really really you have more of a hoarding issue than you have a spender issue number one i think people err more on saving and not knowing how to use money than they do on buying richards and and lambos even though you see all that around l.a and i know that's i know these people are i walk into vegas and i sit down at a table in vegas and i know the three guys playing they're they're playing 10 times more than i am like they're playing 2 000 and i'm playing 25 i'm like i know they i know i'm in a better position to to play what they're playing for but i can't do it mm-hmm so what the advice i would give people is like i would just assume that everything you know about money is incorrect everything every every single thing you know just assume it so you can get back to where so so so that you can actually have a white you can have a clean a clean board to operate from because if you go out right now and try to stack new information financial literacy on top of you know a toxic foundation it's all going to get all that's why when i tell people don't go buy a house everybody freaks out they're like that can't be right that can't be right why because that's what you've been told to buy a house your whole life because the banks want you to buy a house now everybody just heard that it's gonna say i just saw you buy a house in malibu right i can do anything i want now right here comes the arrogance so but i mean i'm in a position now like if i want to buy that house in malibu i can't but on the come up buying a house is not what you should do you should one i would scrape off that you don't know anything two i would uh i would invest everything you can in you mm-hmm it's tax deductible you never lose it your the the person's personal appreciation will always be bigger than any other asset class i love that okay bitcoin can't match it real estate can't match it my personal asset appreciation will always it is infinite you know who knows i could be the next male oprah right or somebody watching could be the next rock or whatever right like that what what is that appreciation value it's straight up yeah so the the first thing people should invest money in even use debt on is their personal improvement if you told me you had to go borrow a thousand dollars to to go to one of your classes to become great and it had any potential at all like even a one percent chance of making putting you on the road to greatness i'd be like dude go you go give amex or visa one thousand dollars right now i don't even care what the rate is right because the infinite return infinite beats 18 percent okay so number one invest in yourself number two i would invest in your business whatever your business is or your department your division is like the first 30 years of my career i didn't have i didn't own a company but but i did invest in my department even though i worked for a company i had a secretary i didn't have the company paid for my secretary i paid for that i wanted her to work for me it was my mom by the way and so um invest in yourself you know like invest yourself then invest in your business or your department your skill set if it's your company then invest in your company even down to zero like i wouldn't keep i wouldn't keep money around okay i wouldn't save for a rainy day i wouldn't have an emergency account i did all that why not because you don't need it you don't you need you need what you need is you need hustle you need other people's money you need to go knock on another door make another contact you don't need reserves of money uh so what you need is cash flow okay so how do we get cash flow so you by making investments that's the third yeah and other things other things that don't require my skill set so that would be the third piece of advice to start investing in real assets that cash flow number two that or b they can appreciate three that are provide tax shelters um and if you look at those three criteria bitcoin doesn't cover it stocks probably don't cover it gambling doesn't right um that one gold doesn't silver doesn't uh uh real estate real estate nfts don't yeah nfts don't because they don't cash flow that's why when you invested in nfts and you're like okay they're cool you're crossing your fingers hoping but you don't see a check with the real estate i'm sending you a check every month you're like okay i just got another check i just got another check i just got like you don't have to be in mystery right but the most important thing is that people need a leg you've got you gotta you've got to know that if you're and you live in america and you're having a money problem it is not because you're stupid and it's not because you're lazy it's because you have the wrong information the wrong information if you're losing at the table and there's other people winning there okay you just have the wrong data and i believe that americans particularly americans have the wrong data about money that they're financially they have been they have like met there's medical misinformation there is financial misinformation in the marketplace that is perpetuated by the banks and the institutions because every time you operate under their hypnotism you benefit them not your family so if someone's got between a thousand and ten thousand and they're trying to multiply it to a hundred thousand what would be the steps they would take how long do you think it would take them to go from a thousand or ten thousand to multiply and would you say put that all in your own personal investment uh would you put it invest in the business that you're in would you invest it in other things that cash flow appreciate and provide tax shelters what would you do if you got a thousand dollars i would like just keep you know keep investing yourself until you got another thousand okay and and then invest in yourself you know now you got two thousand investing you go go go you should start making money faster mm-hmm at some point you should start like every time you make an investment in yourself if i put fuel in my car it's supposed to take me further right right so if i invest in myself then look you know there's things i bought that i didn't get a return on right away but i didn't quit investing in a course or workshop or training or education because it didn't work or your health or i spent 17 years going to school none of it was any good for me but it did teach me it did teach me how to go to school you know how to study how to study how to go there how to find how to complete a course like i completed college i'm not proud of that by the way you're not proud you completed it why no no because it was stup it was ridiculous i should have dropped out like i knew it was a bad thing i knew would you major uh major in accounting it's a good degree it's not like just some you know business degree right but you should have dropped out of it i should 100 because i i mean i would still i would still i would well i'd have a five year jump on my career but the problem is i was on drugs so so you know physical actual drugs if i would have been on drugs i would have quit college because i would have had enough confidence in myself when you're on drugs you can't have confidence because you know you know you're drugged right so everything is second guess because like my self-esteem was like like through through the basement and so i'm like i need to quit college but everybody around me says oh no you got to finish college you got to finish college i'm like what do i know i'm a drug addict mm-hmm and if i drop out i don't have a degree then i got to hire me and yeah i didn't really worry about any of that because you know i didn't worry about that i just didn't have the confidence to follow my intuition you can't when you're on drugs when you're not yourself so what do you do with a thousand bucks right um you know i i think you just got to keep investing in you until like oh now i'm making three thousand dollars okay boom reinvest all that again but what we do is we start taking it off the table right and we save and we don't invest it so i think people just need to get on that that cycle of like okay i'm gonna keep repeating this activity i'm gonna reinvest some money in myself go to the workshop or whatever monday i gotta be hustling again until okay now i got four thousand dollars okay now i got five thousand now the income's starting to pick up income has to pick up in the income should be an indication that whatever you're learning is helping you that's interesting until one day you're like okay i have more money here then i can actually invest in myself i can't like there's nothing i can go to to get rid of this money you need to get rid of that money though all my free time is going to my workshops i don't have more free time to invest in me yeah i'm developing skills i'm working i'm earning more yeah now what's the next step yeah and that now now it would be okay i got to spend money on marketing i wouldn't go make a i wouldn't go look for an investment right now i'm going to spend money on marketing now now now now i'm going to spend money on marketing to get me more leads and i would you know big mistake i made in my career was not spending more money on marketing because you turned what 50 when you really started investing i was 50 i was 51 when we started playing the social media game and and i was probably 56 55 or 56 when we started spending money on marketing wow yeah 51 when you started doing social media yeah yeah and then and i should have been spending money i should have been spending money when i was 25 years old when i was selling cars i should have spent money i've been spending money on ads but i'm scared man so what made you not scared 25 years later 26 years later at 51. i started studying hey what what do all these successful people have in common you know whether it was the mattress dealer the car dealer the furniture dealer or elon musk they spend money man you know they spend money they spend a lot of money and they don't worry about money the way i was worried about it they used money you know they used it they didn't save it they didn't hoard money and the greatest companies on this planet today the ones that have just like some of these companies have lost money for 25 years look at amazon yeah reinvest 1.7 million employees when i started i remember i looked at ernst young i said i have a buddy that worked at earthchannel i said how many employees you got he's like 240 000. wow and i'm worried about 10 people what am i thinking so so when i quit studying individuals and started studying people everything shifted for me when i quit trying to be the you know when i quit worrying about what bob was doing or pete or whoever and started saying hey man what is this big company doing mm-hmm because that also relieved me of being competitive with this guy pete and started saying okay i'm going to go do what coca-cola does that's when i bought the plane right really yeah how were you when about the plane uh i was uh 50 maybe 55 the first one i bought it because because i studied what coca-cola was doing they bought planes i said why are they buying planes oh then i learned how they write them off and then i learned how they trade them every three years that's crazy so notice every three years i'm trading applying i'm getting rid of it replacing them with another one but what are they using it for they don't use it for pleasure they're not using it for instagram photos they're using it to go and set up headquarters in other countries wow you know so so that's when i wrote uh if you're not first or last because when i started studying these companies i'm like coca-cola is everywhere you can't go anyplace and not see coca-cola and and i was i was like this big i was always thinking about what can i keep and they were thinking about how many shells can we get on how many eyeballs can we see so that's when that's when it all clicked for me you know and and that goes back to that thing about the financial misinformation right it's like who am i studying and and that's that's when we started you know opened up the funds for for i was it uh went to new york city to go walk in goldman sachs and jp morgan's offices i wanted to walk in and see what it was like these are 100 multi-hundred billion dollar companies crazy you know and i walked in i was like oh my god man i just it just all hit me in a second i've been doing everything wrong what were they doing different they owned the building um they weren't renting the building they owned the building well they don't care if they rent they could rent it but they own the the elevators were bigger than the studio one elevator and 60 people got in that elevator and went to the went to the 120th floor and then there was six six of these elevators people going up and down everybody told me don't take people's money do not let investors that's investment you keep the whole deal for yourself the second i walked into goldman sachs because all they're doing is getting investor money that's all they do okay and the difference is what i do is i i could go to goldman said i was there they would give me money and i'm like i'm not going to get money from them i'm going to do what they do for my individuals exactly for my friends from people that follow me from people that support me okay goldman sachs will give money to anybody right okay they don't know how to go to these people they're not on instagram or facebook or linkedin or tick tock so i'm going to create a fund where i can tell my audience hey louis you can invest with me i'm going to kick goldman out of the deal or jp or whoever there's a bunch of these these guys you know it's not that they're doing a bad thing or anything i'm not saying they're they're they're the devil but they're close okay because they they're they're not going to call you and say how are you doing man you know without saying hey you got any money to invest it's just not you know that's not what they do their their job is to make money period so anyway when i saw that i'm like okay these people are these are the richest institutions on the planet they fund everything that happens um the company blackrock black rocks going to be blackrock and vanguard these are multi you know probably going to be worth 20 trillion dollars each in the next handful of years loan they they say they'll own 99 of all the assets on planet earth not just in america how are they able to do that because because they scale right because they think they think big so they you know they're funding everything everything that happens on this planet from media to pharmaceutical is going to be funded by those two companies so it just when you're when you're studying your rich uncle or the neighbor down the street the think is only so big and then when i started studying these other companies i was like okay this is who if you want to create that kind of legacy wealth and really help a lot of people because they are in a position to help or hurt a lot of people that's the scale you got to think yet yeah but it took you really 25 years to get there to start thinking that way is that right because you weren't able to see yourself spending money for 25 years you were just trying to earn more and more and more yeah because i was just trying to because i was the grind the grind the grind was so it was such a low level grind mm-hmm let's say you had the right information at 25. let's just say you had a rich uncle that yeah did what these people did and you got to witness this yeah do you think that you would have been able to get there faster yeah one thousand dollars or do you feel like money only comes to you when you're ready for it yeah when you're ready to make it and when you're ready to take on the risk or the responsibility sabrina will never make the mistakes i made okay because she won't she won't get in the wrong car i got in the wrong vehicle i didn't know the vehicle i got in when i was 28 years old i could actually make a hundred grand a year doing this my dart my my daughters will never get in that vehicle what would they do they'll be like i'm not getting in a hundred thousand dollar ride if they can't bring me they're gonna be like hey if this doesn't have a billion dollar possibility that they're gonna pick the this is the wealthy they they put their kids the ke their kids see things differently if they're not ruined right you know if they're not completely ruined and scathed by having whatever they want then they'll see they'll see they'll see opportunities different yeah you know and and but when when you see the possibility then you're like i'm not gonna get in that car that car that car i'm gonna get i'm gonna get i'm gonna get in a spaceship so if i was 28 again today i mean i would know what what industries to pick top three industries to pick uh well got hedge funds have to be one of them advertising and marketing has got to be a space to be in um and probably you know something to do with health care if i could scale health care if i could scale scale the organic uh um alternative medicines um you know so those are three massive spaces maybe maybe financial too man the financial world you know in the next 30 years we're probably gonna have a a disruption of the dollar right now and the way money is maybe we're a crypto currency you know environment in the future yeah so any of that any that's going to happen you know um but but there the re the reason i would go there is like like jeff bezos when i when i saw the first interview with jeff when he was saying he was studying algorithms i think he was he was at one of the big firms selling stocks before amazon yeah before amazon and then he saw some he saw something came across his desk where there was a spike in internet activity eyeballs going to the internet that's when he said i'm going to go do amazon and he followed traffic because i didn't ever follow traffic he followed scale he followed scaling possibilities and then what did he do he followed the traffic the possibility then he invested in the possibility and then he went into debt on the possibility and then he was willing to not get paid any money but what did i do i need money today i got to have money this week i need to have a little more money next week and if i get a little more money after that i'm gonna save it all and then i'm gonna go do that again and i'm gonna feed the bank and i'm gonna keep feeding the bank i don't i don't even know how much money the bank's made off of me for 20 years we don't know anybody that works harder than grant cardone and as soon as he gets a bag he brings it to us what do they do hey y'all want to borrow this money now repeat that 300 million times wow and that's the american people what about uh a family that's thinking you know i really feel comfortable having six months to a year of savings because i got kids i got you know the rent i got the all the bills yeah what do you what do you say to someone who's like you know what i see you're coming from but maybe i don't feel that comfortable yet well then then keep the you know money if you think money's gonna save you you know you're just again they're stacking they're stacking information on top of uh bad information okay you know the money that you have saved in the last six months it's probably dropped 11 percent so the money that you have you've got a hundred grand i gotta have six months of savings i need you know four thousand my bills are four or five thousand bucks a month i got to have 30 grand in the bank got to have 30. but they really have 180. so first of all i guarantee they have more than six months and they don't even know it because they're living out of terror right it's not logic right you say it's logic i need six months but you got three times more than you need sure number one number two you've never had an emergency that cost you 30 grand in your lifetime very few people ever had that emergency everybody hears about oh yeah my guy gotten to buy this happened blah blah blah but if you had assets if you'd been investing in assets you can always go use those assets for collateral mm-hmm cancer surgery you can get a loan out from the bank or if you just took the money that you earned and keep reinvesting in assets that pay you not assets that you wish one day will pay you but assets that pay you every month if you keep investing in that asset class one day your cash flow will be your emergency account my emergency account last month paid me a million six my cash flow my free cash flow that's crazy that's no work involved that is not one second of one day okay that was and that happens every single month in my place but that's that's been because i made a bunch of investments for the last you know 25 years right end of every year i dump all my cash out every year i'm like you need to get as close to zero as you can and replace it with assets that that in january if i dump out in december january i want a payment from that it doesn't have to be a big payment just needs to be a drip off that asset something yeah so i'm going to go i'm not going to buy a cup because the cup won't pay me so in december i had a bunch of money boom i'm like make a deal you saw you were in it yes a couple days ago yeah yeah you bought that house take that cash that garbage that you have already had a surplus of money so if i can't buy two of these i'm not going to buy one of them if i can't write off some portion of it i'm not going to buy it if i can't do it out of passive income i'm not going to touch it interesting so those are my those are my criteria for making investments right and it needs the cash flow so i took a bunch of this cash that was sitting here just deteriorating not providing me with safety and took it and put it into this asset and people like are you stu you're ridiculous you paid that much money for that thing okay we'll see you know so i i buy this thing this thing will provide rental income i think this year i'll make three million bucks on this deal wow in cash flow and how much do you have to put down you need to buy the whole thing well i paid cash for this gotcha so so the reason i did it is not because this is a great deal but but this is a terrible deal keeping the cash keeping the cash is garbage this this malibu house is probably one of the worst investments i ever made okay but but i had a bunch of surplus cash i had already bought in december we bought uh almost 2 000 apartments if i could have got another apartment deal i'd bought another apartment deal with a 40 million but i couldn't you couldn't find one i couldn't find another deal okay i still had this money left over end of the year it's just the thing that i do end of the year dump out literally like flush the toilet on your savings so every day i look at my savings accounts okay it's not because i'm worried about any more money anymore i i know for sure the money's going down in value everybody knows that this year your money is depreciating right it's dropping down in value what you were told that is a hundred grand is not a hundred grand the bank's not even telling you the truth it's a hundred less eleven thousand it's eleven percent right now could be 34 less some people think it's going down 34 that's crazy but you're gonna still see a hundred because this is invisible taxing right it's inflation so i know that i know it's not a hundred so when you guys look at you're saying i got 180 000 you're lying to yourself could you because you're not you're not doing all the math on money this is why mike sailor went and took all that money he had and invested in bitcoin bitcoin yeah because he's done the research so i've been listening to him and i'm not saying you guys should go buy bitcoin but i'm not buying bitcoin at that those levels okay i'm buying assets that can provide you more with more cash with more income maybe i should be buying a bitcoin i don't know but anyway so i dumped this out i dumped this for now i've been i've been shopping this piece of real estate for 19 months i've been working this deal for 19 months so i'm not being like okay i just got to go buy something i'm not going to do that but i'm trying to get rid of this cash to go into an asset that has the potential to go up in value over time i dump out in january okay i do three webinars that's why everybody wants to know man what's the rush to make more money because i'm broke man and i got a new house right you got it you got bills to pay now you get expensive so january 1st comes i've done three webinars already to start filling this up again mm-hmm right now if i if i walked into january first with 40 million bucks sitting in a bank account dude you're not hungry what's the rush bro you're not hungry yeah let's plan let's do some planning this year but what i do is i dump out so every year for the last 15 years every january i end up with more assets i go broke over here and i go up over here what are the top assets that will make money for you beyond real estate do you think uh let's see but yeah i mean i mean that's my deal that you know you can buy mutual funds and you can buy you know go go feed vanguard and go feed the blacky stones and you know they own everything dude right you go make a bet on disney you know um so you could buy stocks you could buy funds you could buy gold and silver gold is dead gold as gold is a terrible investment has been for 10 years anybody says it's a good investment just look at the chart for 10 years it's down this year we got major inflation it's supposedly the great inflation hedge we have major worry about inflation and gold went down yeah so you can go by crypto but you're gambling right what would be what would be your case for crypto let's say let's say you had a billion dollars in bitcoin and you had to make your case why this is an amazing investment yeah obviously that's not your thing yeah no but i'm studying like like i'm studying this whole you've seen michael yeah i'm very interested in the space right so i i have what i have i have probably six million dollars a bitcoin in bitcoin by itself yeah somebody gave me some right i remember this was like four years ago wasn't it three years ago i still i remember you said you got 100 bucks you got paid in bitcoin yeah exactly and you said i'll take your money in bitcoin and whatever crypto yeah yeah i'll take whatever and how much did you get when you originally got bitcoin 100 pieces 100 pieces at 500 bucks yeah yeah so that's what that's worth uh 40 uh you know whatever it is today i don't know what what so does that 50 grand yes 50 50 grand you got i know it's five million dollars five minutes but what did you get when you got it how much it was it was 50 100 pieces it was 500 and there was a hundred pieces so what up 50 ran 50 grand so you got 50 grand for some product you had or something or something yeah yeah whatever whatever yeah i was a speaking gig actually speaking gig yes and now it's worth and then and then when it hit 30 000 again i bought some more okay uh because i'm starting to like okay this thing could happen okay 28 million pieces you know they're never going to make more it is not to me it is not a inflation hedge what is it it's it's a it's just a place to store it's an asset store it's it's a it's a it's not a currency i don't think it's a currency because currency comes from the word current it means it moves and and i don't see this moving i see this as a storage you know i see this as something that could one day maybe replace gold as a standard we're certainly going to move closer to digital universe and money than we are gold standard we're never going back to the gold standard well if you have a lot of it you've got to be promoting it i've never i'm 63 years old never never had any gold in my entire life mm-hmm i've never had a gold block gold maybe a chain or something i got a little chain i lost that you know i don't understand i think there's more people playing the bitcoin game that they than there are people playing the gold game right but anyway um so the case for bitcoin is it's limited you know it's it's you know hopefully they're not going to make any more that's what they say it is a ledger i like that there's millions of computers backed up saying hey this is this is what it is you know and i don't completely understand it right but it's not paying you a dividend but that's what i don't like no cash flow okay now i'm in a position i don't need more cash flow you can't i don't know how to spend a million six a month plus plus i had the discipline to go make more money it's not like i quit working so do you have a goal of how much cash flow you want no i i have a goal i have a goal well the the business not the real estate yes the business last year made i mean it made eight million a month wow okay so this is on your real estate educational side of things probably eight and a half consulting coaching advantages gross income 110 million bucks amazing yeah no from did i remember when i couldn't make 100 grand in a year wow how does that feel so what unbelievable dude i mean today i woke up today jared hits me today he's like 643 thousand dollars today that's crazy insane insane when was the last time you made 100 grand in one year that you're in the 100 to 100 to 200 i mean i don't know i don't know you know but i remember when i i remember when that was my goal louis my goal was to make 100 grand in a year and i wanted ten thousand dollars in passive income i said dude if i could make a hundred grand a year and ten thousand dollars is passive income i'm set you know so so like this this all is a bit of a dream to me like it's not like you know i never thought i would do this i never even thought about these kind of numbers 1.6 million um a year in the passive income a month a month a month that's passive that's just money that's not you working no no no that's not a new real estate deal that's not that's not investors okay mike so back to the goal what's the goal my goal we want we paid out three million dollars a month last year to investors that's the thing i'm most proud of that's pretty cool the thing that and what we do with kids it's like the two two things that i just trip on i want to send out at least 30 million dollars a month we sent out 36 million last month last year you want to every month i want to do that every month wow and when i get to 30 million i'm going to go to 300 million a month wow i'm gonna send out 300 million a month i want i want uh 10 million investors and i want 10 million investors i want to send more money out than i've ever made personally a month so i'm gonna flip this whole thing i'm gonna go from the kid that was worried about the kid that you know grew up in a good household became a drug addict then he became a salesman everybody knows i'm this guy always hit the link hit the link you know you guys are always freaking trashing on me because you know he's always selling something i'm going to flip that whole thing to where i'm always sending people money how does it feel for you to know that there's money going out because i think it comes out in like the 15th of july every month bro i get an email i see my statement when you see yours i get mine yeah how does that feel knowing when you receive your 1.6 million you're also however many thousand people that are invested in you yeah are also getting a check that day how does it feel i call them say hey how much do we send out so most important number i have most important number every day i get how much cash do i have second most important number is what we sold each day and the third one is how much we sending out this month that's pretty cool yeah i i look how much i get i look at last because if everybody else is winning i know i'm winning you're getting big yeah you know but the thing that and the thing that makes me happiest is like i know people can't lose with me why is that well the the real estate it can't go away you know bitcoin could go to ten thousand tomorrow my real estate cannot go to ten thousand it just the value of the real estate is the value of the real estate and supported by income right so this isn't a house the malibu house the malibu house could go down in value but it's still gonna rent for 20 grand a night mm-hmm it doesn't matter dude like you wanna you wanna be in that house in that location on that beach you wanna bring 12 other people to stay there you're gonna pay 20 grand a night to be there it doesn't matter whether the house is worth 40 million or 38 million or 32 million or whatever you're going to pay for the house you know so as long as i got income income allows you to income and time allow you to keep something it's paid for i paid in cash so there's no there's no debt issue right i have my other house in in in miami that's paid for you know so i bought two houses last year it's crazy yeah it's insane crazy man you know so and i'm the guy that says don't buy a house he won't even take his own advice oh i am taking my advice but at this level you can buy what you want because you got the cash flow to come in like like i am taking all my advice i'm not ignoring my own advice you know so so i'm not violating any of my rules if you can't buy two of them you don't even think about it number two if you can't pay for it in cash don't think about it doesn't mean you've got to pay for it in cash it just means you need to be in that position if you want a nice watch be able to buy two of them the watch is 40 grand you got to build you got to have 80 grand it needs to be in cash and it should be from passive income cash not earned income why is that mindset you need to be able to buy two of them if you can buy two of them dude you're probably cool so then then you don't ever like like when do you spend somebody asked me the question once hey man when's it all right a rapper hey man when's it all right to be stupid but when you got stupid money you can be stupid yeah what is stupid money well stupid money ain't earned income even if you made 10 million i don't care how much you made if you made 10 and paid five to the irs and you got five left you don't spend that i never spend that money ever so so this is i never ever ever ever ever ever ever spend earnings really never so my earned income okay if i traded time for it my earned i never spend a penny of it right okay okay now what i do is i invest all of the earned whatever's left over after the irs so the irs is going to bang me right here i invest all of that 100 of this is invested i save none of it i invest this in a real asset that will pay me cash and it's going to give me a drip right it's going to give me a little drip of cash so maybe this is a million dollars so this pays me let's say it pays me 100 grand a year i can spend this but i can't spend i can't spend that now because it's not spendable this is ill-liquid yeah i said you can't spend you can't spend it can't touch your cab is stolen from you taking from you you know but it's kind of hard to make it go away sure right i do need to fund it need to to you know this is what the bitcoin people mike saylor is going to say yeah but you got property taxes you got maintenance yeah i know bro i also got income okay i don't have any yeah i got cash flow right so i can keep it so i get a drip now the drip is how i live like if i want to buy a hundred thousand dollar watch good okay i can buy 100 as long as i got 200 grand right so and it's all right to do stupid stuff but here when your money is having little babies not when you're up there on your legs and busting your knees up doing your song because one day he's 29 right now nobody like i know you think you're going to last forever look at a lot of these guys nobody laughs foreign so what what i want to do is i want to position him i said look in the next 10 years if you retire when you're 39 or 49 i want you to go from being you know tearing up your space making big money in your space and the moment you transition from rapper and become nobody we're gonna click a switch and you're going to be a real estate mogul um okay so so my goal for him is i said look what do you mean and i picked the number he's like dude you just you just told me what i made last year without knowing what i made and i hit the number almost exactly yeah figured out how many days he did figured out what he was getting paid endorsement deals everything else i said look i said when you're 49 years old bro you could be worth 200 million bucks right over here if you put this much in everything if you just do what i tell you to do you go work a gig they pay you 130 000 you take 60 grand park it mm-hmm wednesday night do another deal he's like what am i live on bro you're going to live on deals so nobody's going to know what happened to you they're going to be like hey man he ain't the savage ain't showing off anymore man you know so i said yeah but bro you're going to go from you'll show off in a bigger way you're going to show up as a real estate tycoon you're going to be one day you're going to show up it's going to be it's going to be 2042 and you're going to have hundreds of millions of dollars of properties that are paying you every month you don't have to work for that you're going to step from this one a-rod talked about this to me at the growth conference he's like i knew my earning capacity was going to go to zero with the yankees at some point at some point everybody's earning capacity is depreciating right so if at the beginning it goes up like yours is going still going up right you're still going up at some point it'll plant it'll hit the top you'll lose interest maybe not want to do it anymore whatever and then it's going to start slowly going down until you're just not a thing anymore some younger lewis house is going to come up and replace you or a bunch or technology or whatever and your earning capacity is going to go down while it's going down on the way up you should be planning for that going down and collecting assets over here wow so that's why at the end of each year like if people could do this at the end of each year start a new year with more assets and no cash and do that every year year two years five years ten years twelve years like if i had advice for somebody i'd be like man don't just worry about this year start collecting a little bit of assets this year another one next year you don't have to own it all like the way you're doing it with me find somebody that you trust somebody that's invested man and just keep getting rid of cash right because you know every time i get rid of this money see every time i get rid of this let's say it's uh let's say it's a hundred grand every time i get rid of 100 grand 100 grand buys me 400 000 worth of real estate right because you only have to put 20 down yeah because i'm using leverage so i'm taking the 100 that's going down in value maybe 15 or 20 a year you're putting it in the 400 000 of reality i'm going up and this is going up in value well this is good for me because inflation if you own real estate you want inflation right i want the materials to cost more i want the cost of glass to go up i want i benefit from this i want rent to go up yes so like not everybody don't want inflation if you have cash if you have cash you definitely don't want inflation interesting okay because it's going down in value even though the bank might pay you more now what we got right now what's going on right now is a really freaking weird deal because the banks aren't paying anymore and it's going down in value so the value the dollar is going down and they're not paying you anything at the bank so you're just getting double whammo with no chance why is it important for people to be investing in real estate now like if you could do it now and should they do it on their own in terms of like okay i'm gonna buy uh my own apartment building or my own house and do kind of the airbnb thing what about that strategy it's good it's good it's a good time but but you you just went from having a job to a second job because now you're managing the property you're managing it you're handling problems you're collecting rents that's another job actually that's probably not going to be even included as passive income interesting so there's a lot of people multi-level marketing that say that they have passive income i'm like that's not passive income that's residual income not passive what's the difference between passive and residual income passive income is i make an investment somebody sends me a check a residual income and it could be residual it could be repeating recurring right but if i if i go collect the rent paint the place put in the tenant that's not passive that's active income i had to rent it i had to collect it you're trading time for money you had to market it you had to do it what you get for me is passive you you you know you're you you don't decide what color the paint on the building is no you don't you haven't even been to the building no i can't believe it's the 15th again right that's passive income right dividend income is passive income you you invest in apple computer and they send you a check but if you have to work for it it's not passive no so the ceo of coca-cola made 50 million bucks last year a lot of money right okay that's earned income government's gonna take half of it warren buffett invested in coca-cola he was paid 508 million come on last year that's passive income that's a dividend yes it doesn't have to pay taxes you know how many people on the internet want to be the boss a lot dude the boss don't make any money the investor does um don't be the boss don't be the ceo this is there's so much confusion in the marketplace be the investor yeah just invest and what does warren do warren is how i got in real estate i started buying real estate because i studied what studied the old man the old when i would read well the old man's only invested in stocks right i'm like i'm not going to do stocks because i don't like them but what i wanted to learn from warren buffett what what was he doing what was the consistent patterns of what he invested in all companies that were had been around a long time he did not buy the cheapest company he never looked for what my uncle looked for he didn't buy a low and sell high what was he doing he bought fair value at a fair price he bought the best quality at a fair price he didn't look for the lowest price he wasn't looking for the the day a stock went down to one dollar he never done he's never done that he invest in companies that all cash flow leaders in their space uh coca-cola sea can candies um apple computer he didn't buy apple computer for years until he understood that apple computer was a cash flow company because of itunes wow that it wasn't a computer company it was a cash flow generating machine when i read that i'm like dang dude everything he buys is really real estate you see so i'm like okay i can't get the i cannot buy a big enough position i'm not rich enough to get a big position at coca-cola i don't get on the inside i'm a little guy right so i'm never going to get access to wall street goldman sachs ain't going to call me and say hey we got this deal going man it's gonna be the next coca-cola right i'm never gonna get that call so what can i buy this like warren oh real estate man i can buy the 26 units in san diego because i know the neighborhood i grew up there and and i spent some time there so i know that so i can buy that i can go to the bank i can get a good loan on and it cash flows and and that's how i started buying real estate because warren he bought for the long term he bought great locations for great properties fair price he he's never managed anything he's not the ceo of the company he's not a manager he's not a ceo he never gets rid of the the employees that are there and i was like man what are you doing dude he's not the salesman but he is a promoter so when i started watching what his moves he's on tv all the time and he takes big positions giant positions not little ones that all that changed everything wow for me i quit buying this and a little bit here and a little bit there it's called diversification i quit doing that when i watch warren warren is not diversified i think four investments gave him 70 of all his returns last year wow yeah and if he wasn't so rich he'd probably only only own three or four stocks but he's got it he he's so there's so much money now elon's another guy never diversified paypal was his only investment when he sold paypal he only has three investments today and no homes and no cash really no cash oh he doesn't have a real estate or he doesn't know his home he doesn't own his homes he's all in man yeah but that's not the advice our parents gave us or our school teachers right where is housing gonna be in the next eight to ten years do you think it's gonna be what it's gonna have people in them right and it's going to be more expensive and i think people are going to be more renters than they're going to be owners why is that because it can be too competitive too expensive so wealthy people are buying all the housing stock in america the other thing that since the last time i was here we've had investors 40 of all the homes in america now are owned by investors the single-family homes and that's going up wow so in 2019 44 of all the single-family housing in america was owned by an investor a guy like me wow that bought it to rent it out not to live in it that's that's three years ago kovid changed everything so now now you have more people buying real estate to airbnb it great great idea but you're you're working okay two you're dependent upon one door so i gotta collect the rent you know so like you're you're invested how many funds are you investing with me three or four yeah so you you you have hundreds of units that pay you not a few right i might be in five now actually yeah yeah last year yeah calling me out the last month say get rid of your money get rid of it what happens when 90 of the housing market is owned by investors and not by people that own it themselves to live in it people are going to look for um i mean you know it's happening right now it's just unfortunate is the price is going to go through the roof is it going to be well i don't i don't know that the single family will it go through the roof i mean it it's you know i mean it's already going through the roof yeah you know it's crazy what's going on but if you go to singapore it's not crazy right the rents we went to singapore in 2019 we came back me and elena said we need to buy everything in sight in america on america yeah we went to sydney australia i'm like well you know we just need to buy we because everywhere we go we shop real estate why is that because america's on sale um because it's so expensive so you guys think it's expensive here okay so like california right now california is making arizona go through the roof because people are leaving the state of california they're migrating out because they're taxpaying texas and yeah or they're going to texas or they're going to montana or they're going to utah okay california you're you're governor newsome this year was nominated as the number one real estate agent for the state of florida because that's what he's doing his the tax policy drove me out of this state nine years ago we have 800 employees in miami between miami and the real estate there's 800 employees none of them live in california mom if they would have dropped taxes here rather than raise them i'd have 800 employees in l.a all my cars would be here 800 employees in their cars 800 employees would be eaten in restaurants here but what do we do they they they raise the taxes we go over there we take all the tax savings reinvest in the business the business gets bigger and better and i'm not going to give i'm not going to give our governor governor desantis credit for it because i got there before he was there so i'm just going to give credit to the insanity of california right so what's happening now is arizona prices are going up because california people are going over there taxes prices yeah so the guy in california sells his house for a million six walks into arizona says this is a steal at 800. last time it traded was 400 he thinks that still because it's half price to what he left and that's what people do they migrate start moving around that migration is happening new york city is migrating to florida california's migrating east so but but the problem is no the you know with people leaving california you would think prices would fall but they're not they're not because wealthy people are walking in saying i got all this cash cash is worth nothing i'll buy a second home crazy this is emotional this is not logical by the way what's happening it's not emotional it's not it's an emotional decision to say i'm going to get rid of my cash and i'm just gonna go buy another house i got a question about uh every time i've had you on i think the last three or four times i've asked you about your your goals with your assets i think one time you came on i think you're at like 90 million or something remember it's like 290 million or 90 million in in real estate asset holdings i think we were buying a deal i was buying a deal in houston for 90 million bucks yeah but you only you didn't have more than 400 million i think i can't remember under that at the time it's like you mean that one interview where you challenged me yes yeah so at that time i think we had this is a two places maybe 400 million dollars for the assets right and now today four billion four billion yeah i remember challenging you being like you did dude being like why not go to like 900 million why not you said why not 10 next thing yeah yeah and i said i got a deal i'm doing a deal it's 90 million bucks it's scary i was scared i'm always scared all these deals yeah and because you're doing it for the first time you know it's like the roller coaster right you're like oh my god this is gonna be you know am i doing the right thing so you got four billion now what's the what's the goal the goal the goal well we're going to 10x that 40 billion 40 billion yeah by when i don't have a date on it but i think i can do that i think i could do that um you know i think i can do that in you know five years five years maybe maybe maybe longer maybe it takes seven years maybe it takes 10 years it's a worthy goal either way because a lot if i do this the way i'm doing it now a lot of people are going to get help because of it so that that would be like that would be a really fulfilling accomplishment in my life if i could right if i could have ordinary everyday families like i grew up in like my mom like my mom would be proud of what i'm doing she would say she would be negative first nobody ever called her and said hey consena put your money in this and this this investment's to take care of you you're going to get a check every month my mom never she didn't get a break and so today i think that there's going to be families the goal is that there's going to be thousands tens of thousands of families they'll become reliant and know that hey grant cardone's going to send me money this month and then i'm going to flip this entire picture who who i who i'm going to evolve again to not taking money from people not selling things which which i have no problem with everything i've sold i feel great about right except maybe that one car sold my uncle my cousin tony but but uh because i was a little excessive that that but but but you know that's going to be a total evolution yeah of me as a person just paying people dude sending people money every month i mean like it is the greatest freaking hack in the world completely discovered by mistake the first time i took any money from anybody we opened a deal up that fund was six million dollars yeah and ryan secco and elena talked me into doing stupid guys we don't need i had the money i already bought the deal wait what year was this four four years ago really 2018 20 yeah because you were doing stuff on your own before yeah i was always yeah i still buy it with my money today so 2018 we closed the deal it was a deal in st lucie and i bought it from a group called waypoint it took six million dollars in down payments i'd already signed on the loan and elena and do it on this deal grant it's a small deal it won't you know let's just see what happens stupid we don't need to do this i tell my friend i tell people on instagram hey guys i just opened this deal blah blah blah wham money starts coming in i said that's a crazy i mean i know how to compare a response because of the webinars and the events and the tickets and the books right and people like ten thousand or i think at that time was a hundred grand minimum 100 grand of time bang bang bang and then this one guy sends in 400 grand and i'm like who's he i said i don't i don't know that person and then and then they pulled him up oh he owns a car dealership up in michigan i'm like i know that guy i know that guy i've been calling on that guy for 20 years called him up on the phone i said hey man why'd you do this he's like i've never bought anything from you nothing not a book not a program not a workshop i said why'd you do this he's like because i admire you as a businessman okay but i've seen your whole career i've watched you 17 years i've watched what you built okay wired us 400 grand that's crazy okay 60 days later i sent him one check it was in march sent him another check in april on the on on in may he calls them says all right bro i'm ready for all your stuff wow he bought everything we have and i was like oh my god this is the great hack i'm gonna turn everybody into an investor wow then they become customers right because they they want me to do well yeah now now we're partners man you know we're partners you want me to win absolutely okay so you know so so it was like oh my god man this having investors in a bad thing if it's the right investors now we've already had problem with a couple of investors they turn into little wankers uh somebody got people got in trouble in covid i'm like good guys you need some help send them their money back so if i can if i'm in a position to do that i want to do this because this is a really long play for me yeah and i mean long i don't mean my lifetime this is generations this is this is your this is sabrina and scarlet beyond them wow this could be the year 2200. um you know this this is a company could last forever that's exciting yeah so because you know that would that would be there's a lot of moms out there like my mom was a lot of my sister my sister my two sisters that don't have income you know that yeah goldman sachs is never going to call them and say hey diane you want to invest in this deal it's going to be good for you we don't use middlemen we don't use banks so maybe i can convert some of the some of your audience exactly that has ragged on you for having me here i know because nobody is more polarizing that's true and i have been dude like like and that's the thing like you asked me what would i want to get out of this show more than anything you know i know i deliver terribly like i'm just you know i'm a grinder i've been grinding i've been trying to come up from nothing so long and and then it worked my aggressiveness worked one day and then i doubled down on being aggressive then one day i looked up and the only thing i knew was how to be aggressive and so now i'm trying to unwind you know attacking all the time like like i have attack the attack gene was fully developed in me yeah and i'm not proud of that right like that's my go-to my go-to i remember a lady uh she she wanted she tried to put me on drugs when i was 20 i was 31 years old 32 years old dating this girl named michelle and she's like look man your first response is just aggression i'm like yeah she's a psychologist you know i said yeah and it doesn't work with her you know i'm like okay this is what got me out of this trap so i'm 33 maybe 33 years old so i'm eight years out of treatment and i'm just starting to get my feet eight years i'm starting to make a little money so i got a little company now i'm starting to do well for the first time look me and this girl have this thing but we were two different people and the the psychologists like look you know i'm going to recommend a drug this is 12 minutes into the interview i'm going to recommend i think it was a prozac or something and then if that one doesn't work then i'm going to introduce you to a psychiatrist he's going to give you this one drug and then if that doesn't work we'll add one and if that one doesn't work well i want sometimes a little bit of an experiment that's crazy and i'm like yeah dude what are you trying to do she's like i'm trying to take some of your aggression i want you to just add a second and then she moves to the girl and says and now you i said no no no give me this subscribe whatever you want to me okay she's not going out going on anything because they wanted to get her up a little bit make her more aggressive and uh sure enough they prescribed it to me one interview i was there less than 45 minutes wow okay i ate one of them i forget what it was it was one of these something to relax you a little more yeah yeah just it was going to add a second yeah it was lithium okay it was lithium dude i took it i took half a tab and i could feel metal moving through my system and so somebody would ask me something and then but i couldn't it was like you know you had to move through this little metal almost this little aluminum lake and threw the prescription away got rid of her went back to being aggressive now i'm 35 years old bro like i would continue to to groove in aggressive for the next 16 years to make millions of dollars to fight in an industry that was like brutal cold calling people can you imagine cold calling people every day i could but i don't want it nobody wants no it's not fun and i built this shell right because you get so many rejections so many notes so many people wasting your time yeah and and i got to a point where i'm like okay the nose and the rejection don't even bother me anymore now now you become like a machine man and i'm just like like in everything's competition everything everybody's a threat in my environment everybody every company every customer everything is and that's what built me right and that and and then i figured out how to use aggression to get over it and then then i'm 51 years old i'm like i gotta learn i got to figure out another way to do this thing because is that is that sustainable for the rest of your life no no so i started doing social media social media comes i'm like okay don't do the aggressive thing have empathy when i met you i'm like i need to i need to study lewis right but i don't know how to make that transition any more than somebody that knows empathy knows how to become aggressive you know yeah and so i've just been trying to figure it out man and what what do you think it'll take for you to to step into who you really want to be moving forward i just gotta you know just every day just you know practice a little more about like in deals though i need to be that in deals sometimes i just need to walk away from the deal and let ryan handle it so with some some grace or something yeah like we did we did a deal we bought two deals off market in december if i was on those deals i would have completely scorched the entire environment blown it up i would have blown everything up what's the thing you think you'll be the most proud of if you can create by the end of the year or become this year the end of this year um this year what could i create this year or do or be that you'll make you the most proud of um i don't know man like you know the kids i mean i love my kids i love my wife i want i need to i need to be a better husband at some point i can't you know doing these deals like that that's great i got to do deals to reach my goal with the investors be a better guy man you know just be a good guy and be be you know the thing i'm proud of is i get to be grant all the time you know i'm actually getting to the point where i'm like hey man i finally got to be when i i finally became what i wanted to be what was that me yeah you know that i don't have to apologize anymore and then i quit screwing up and i quit having to call people and say hey man like i said i went too far you know if i could just pull some of that back without that drug that that psychiatrist was trying to use right you know that if i'm less dependent upon aggression you know and i could i could kind of manifest more you know like you you talk about better let it flow more let it flow dude let it flow you know but but if i could get that perfect balance of aggression and flow that's a sweet spot yeah it's sweet dude it's hard to find that thing that's cute spot you know to be that i don't want to be i don't want to be the little stream that drips you know i want to be like but i don't want to damage anybody right i don't want to hurt anybody you know i don't want to i don't want to be in competition anymore mm-hmm but i also don't want to lose the edge right you know it's a dance dude it's a dance it's a dance match you know like like your girl said to me the other night she's like she said something before she left she's like i really get who you are you know that and that hits me when people say that to me most people don't get who i am um that's beautiful you know and and she said i really get who you are yeah and and a lot of people don't yeah and sometimes it hurts right because i know who i really am yeah and but i also know the things i'm trying to accomplish for me you know like ryan ryan gets who i am you know ryan ryan never takes me on man you're you're the best you're the best he just he strokes me right right through it and and and you know my wife i can see my wife she gets she gets tired of the the the pounding you know but hey man i just you know i'm a right-handed hitter you know or i got i got a certain ball that i throw a certain shot i make and yeah it's my go-to you know and when i get threatened i'm going to go to that and now if i could develop some other set of skills you know that would be that would be a cool thing what would it take for you to develop that skill uh you know i just i don't know that i need to develop it i probably just need to get rid of something you know probably something that has to happen spiritually more than well you know some of this stuff you got to get rid of yeah you don't have to add on to you gotta purge it it's funny because i've i've known you for i think 12 13 years you know probably more in the last five years even closer friends um and every time i have you on i do get the old you know comments of unsubscribe and i can't believe you support this guy who said this five years ago or does this or whatever yeah and i always tell people one-on-one like i get grant like when i'm around you yeah and we're hanging at the house or hanging out a you know restaurant or whatever i get to connect with you like this and i really get to see you and i think uh i told martha my girl um when we were going to meet you i was like listen grant's got a certain answer you know it's like grant's got to like watch some of his content because some people he rubs a lot of people the wrong way yeah yeah but a lot of people were warning her i come with a warning but i because she wants to really invest right she's like she wants to invest she's telling me the day she's like when are you gonna give me the information to to invest cardone capital and i said yeah connect with ryan we'll make it happen and i said before she met you i was like you know watch some of his videos yeah yeah first on instagram yeah to know what you're gonna get into and why people have an opinion she started watching and she was like i really like this guy like i really like his approach it makes sense what he's saying here i can see past all the money flashy stuff talk and see like yeah this makes sense the message makes sense yeah and whenever i'm around you you know i feel like i get to see the real you beyond yeah what's out there in the world so i really acknowledge you man because in 13 years you've grown exponentially spiritually yeah you're still driven yeah more than ever yeah but you're driven to serve yeah more than ever yeah 13 years ago it was about competition winning growth yeah making more money you know yeah yeah building selling yeah and that the last five years i've seen your transition to service service service which i think is really inspiring it's the life that i want to live by yeah and then my whole thing is impacting lives every day and i probably should think more of how do i earn more yeah not just give it all away for free and help people only but how can i build a business so i can impact the lives of my team members and more people financially right um but it's really cool to see you transition more into the spiritual yeah and i've always been a very spiritual person like you know service based i mean i know i know and me and my twin brother both were i would always look at him because i could when you have an identical twin you look at him and you're like you see yourself wow and he was always like spiritually very driven very highly interested in the spiritual curious beyond and i've always been super curious yeah even when i was a little kid in church i was curious i'm like okay not everything's adding up here but there's something here and so i've always been like number one like if i if i could accomplish one thing it's like it's always been the curiosity of the spiritual add to that the financial thing it's like i don't understand why somebody would be spiritually connected and not control the material um and and find it's always bankrupt yeah exactly i i've never understood that interesting you know i've never understood why somebody wouldn't the spiritual to me a senior to the material so if you're a spiritually senior senior then you would have control of the material interesting maybe to a point to where you're like i don't even care about it anymore yeah like like elon is like elon elon seems extremely elevated beyond like all this money thinks a joke the whole thing's a joke the shares are a joke the sec is a joke like it's a spiritual it's a god joke you know it's like you know this house in malibu somebody was telling me that you need to treat the wood you need to treat the wood to protect it against the ocean i'm like bro i put a sealant on this wood and mother nature says ha ha it's a joke there's nothing there's nothing that can be that that can prevent the ocean you know right like money's a joke to god but i got to live on a planet with gravity and whole foods the prices are going up you know and i'd rather pay the investors every month and keep everybody happy happy and wanting to do it again yeah and i'd like to win absolutely cardonecapital.com people can learn more if they want to invest you've got big deals coming up all year you know for many years to come uh i've been investing for i don't know four years now and it's been nice to get a check every month so thanks for the thanks for the checks every month and hopefully they keep getting bigger you know the bigger they get there's the thing with me because i never bought any real estate before i never invested in my own home or anything like that rented yeah you have i think you have a check before we came over here your portfolio value should be six to seven million dollars right now wow yeah but you didn't spend six months but a fraction of that yeah exactly and the thing for me i was always i want to say afraid i was just unsure i was uncertain okay if i invest money in real estate what's going to happen you know i get money back is it going to happen i started getting checks back and i was like okay and the more i see the consistency of it the more i'm like let me put more in and i wish i'd put more in you know four or five years ago so that's what's been cool cardonecapital.com people can learn more there if they want to get involved if they just want to learn more they can call your team they can check out stuff there there's people there there's a big op a lot of employees a lot of people there support the investments if you want to follow more about grant go to just grant cardone everyone desiring more empathy dot com yes spiritually searching empathy yes exactly but uh your social media is great you've got great wisdom great content inspiring funny powerful useful information so grant cardone everywhere youtube has great content as well cardone capital where else can we go to support you you got great books tennis you know i want everybody to be great and uh you know i want i i want everybody to do well like i love watching people do well we were in golden beach one night for halloween my kids i was driving around trick-or-treating and 80 10 year olds bombed my truck wow chanting my name it was like that's crazy it was the most exciting thing that's ever happened to me in my whole life really yeah why was that the most exciting thing because these were 10 year old kids and like they that i didn't know they even knew me wow and they they followed they knew me from tick tock thank you man teaching me about money man i shared this with my parents they knew my name man like it was like oh my god my kids were like my kids wanted to go home one of them didn't feel good they wanted to go home and then all the kids bombed the truck and the kids now my kids are celebrities you know and one kid left the nanny's truck and said no i want to hang with you papa because they could feel this whole thing happening right and this is in the we didn't expect that to happen you know i didn't know those kids knew me now their parents are like who who's that so it was like this phenomenal like for all the hate and the the negativity and the criticisms i get you know the the whole thing that happened at covid and the bankruptcy video i had friends man friends people that i have had on my stages trashing me really when they thought i was going bankrupt really what happened well i did the bankruptcy video uh-huh so i did this little video like some kid said i hope you go bankrupt man cause covid was like full bloom march 2020. i hope you go bankrupt and i'm like yo yeah that's going to happen tongue-in-cheek right joking i went to my aggressive now i'm going to take this kid on right i'm losing everything bro i'm losing the jets so i did this whole video said that you're losing it yeah i'm how i'm losing it that's a joke because well i was doing an undercover billionaire oh right right right well i couldn't tell people that i went broke sure because the show got cancelled gotcha it got stopped because of covet so i'm like yeah i went broke i'm losing everything i i don't tell them i'm this lewis curtis guy right so it's a little tongue-in-cheek and then everybody started like grant cardone just said he's going bankrupt and people started picking it up and friends of mine oh yeah i always knew he was going to bust out he took on too much debt people you know jay-z talks in one of his songs about you know when all the money goes away the pigeons take flight i think it's in um your audience will know what song maybe it's otis and all the pigeons take flight you know me and your friends will fly off the ones are fake friends the fake friends right the takers and sure enough bro like people that said boy my friends a week before started chattering and and so it just you know it just goes to show you like who your real friends are who the support is you know i just how did that make you feel and how did you overcome a terrible dude like oh wow you know i had that wrong you know like i sold my 550 this year and there was people saying oh he lost his plane he can't afford his plane anymore he bought a bigger one yeah like i got another plane on order i'm not going to tell him that but but it just it reminds me of that of me this was me this is what i used to do you used to talk trash no i used to i wouldn't talk trash but i would secretly misunderstand their success and not want it for them because i couldn't have it i want them to fail or not to be as big or like you know i know they're doing the wrong thing this is going to turn out good right secretly quietly confusingly wishing get in for them what happened because because i misunderstood success what happens when we do that as individuals towards a friend a peer or you can't you can't model them you can't hate it and model it right so if i'm like secretly like oh that's the wrong thing to do i'm missing dude what are they doing right you know the number one uh the number one there was a car dealer in the town that i lived in he wouldn't hire me he was the number one car dealer this guy you could not turn the tv on without seeing his ads he did not like me because i was aggressive i would i would follow a customer to his store okay let's go over there and shop together he hated my guts because of that he's not around anymore but he was the most successful car dealer in that city because he spent money on advertising right and i didn't and i wanted to hate on that because i didn't not because i because he did because i didn't and i missed the whole the education dude i wasted 25 years in criticizing and negativity and hate a low level grade of hate but it was like dude you can't hate and learn at the same time what should we be doing instead as opposed to hating someone who's succeeding or if you have this embrace like if you have this response like i don't like what he does immediately i'll bet your money if you could just drop that and learn what is he doing what is he doing that i need to know you know like that that's my that's my red light right now let my or caution like this okay you know if i if i don't like something somebody's doing i'm like okay what do i need to learn um that's a good so it's like it's it's got a little it's got a little bit of a warning to me you know slow down grant so when i started putting that in um you know some somebody came to actually i started putting that in about 12 years ago and a guy told me about facebook he left and the light went off and i said hey what what what can you learn there how well has facebook done for you in the last 12 years pretty good pretty good pretty good same problem i had with this instagram when instagram came out i'm like i ain't got time for another one same time for tick tock same thing exactly all that powerful stuff my wall i always appreciate you opening up appreciate you man appreciate you can we pass in the best in the business man thanks man i can't wait to have you back out of the year yeah let's see i got some big goals to talk about 10 billion this end of this year where do you think it'd be this year end of this year i think we get to i think we get to six billion this year order if i could get this it would take to get to eight what would it take from you if i double bro we're going we're gonna we're gonna party hard what would it take from you though what need to happen for you to go from four to eight in a year and what's holding you back from doing it in one year just mechanics like i like i'm like you said this mechanics are saying every time you said this the first time we did this it is it but before its mechanics is it's it's an agreement that i could get there i mean i know i could get there i could actually do it eight by the end of the year yeah i could do it but some special heavens would have to open up what would have to happen give me three next steps okay well i have to raise a billion dollars so so for for me to go from four to eight yeah i need to raise one billion in one year to get four figure three billion worth of to buy four billion dollars worth of real estate okay you knew i'd have to go i'd have to go i had to raise a billion dollars i need to raise maybe maybe 800 million okay more 800 million yeah so you need 800 million that's less than 100 million a month yeah yeah yeah it's 80 million a month right what is that yeah yeah what it is i gotta get busy bro all right we gotta end this let me go let me go get aggressive see you're putting me back in that mode where see this is the broken you empower to do that for you no no i mean it's a lot of money bro it's like like you know that's that's now there are five people that can split up but see here here's the other thing though because well yeah i know but but i could go get all that money from one lender i could go to one one group that i that that i mentioned earlier and you don't want to i well i could but it's not really the way i want to do it okay so i could go to them and say look i got a hundred million i need 900 i could get the whole deal done with one group and i mentioned their name right okay you don't want to work with them yeah well right now one day i will yes work with them but if i feed them now you know if i invite them to my table now they'll invite me to theirs because they want me to keep sitting at their table but i want to feed them later and so and also if i do that then i then then the audience that i the people that i want to help the story i really want to tell the tens of thousands of families i could actually democratize this investment to they won't get that yeah so that's that little compromise so then i got to get then i got to go back and be really aggressive or i got to compromise myself and do business with this third way uh it could be it could be you know a part that's another way yeah there's always another way dude dude we do this okay me you and martha we're going out elena we're going to go out thank you so much for watching maybe you do drink that night there you go you know but it'll be it'll be huge i mean yeah we would have to double our investor base okay so that's one step yeah uh double your investor bank i know ryan's listening somewhere yeah double your investor base man i got to go buy i got to go buy 12 000 apartments 12 000 apartment units i've spent my entire career putting together 12 000 units that's what you have right now yeah so you need to do that this year this year i got to do 20 years of work in one year well that's why you've been working two decades to build this should be getting better right and i have to find empathy while i do it okay i like it we'll check back in i like that we'll check it back in here appreciate it thank you brother appreciate you man so how do you start making more money doing the same things you're already doing now well if you have a business or a side hustle that you're currently running i always tell people that there are a handful of ways to do this number one you can increase your rates or prices right now if you're a consultant who has 10 clients then increasing your

Channel: Lewis Howes

Views: 487,841

Keywords: Lewis Howes, Lewis Howes interview, school of greatness, self help, self improvement, self development, personal development, success habits, success, wealth, motivation, inspiration, inspirational video, motivational video, success principles, millionaire success habits, how to become successful, success motivation, grant cardone interview, grant cardone undercover billionaire, grant cardone motivation, grant cardone real estate, grant cardone millionaire in 90 days

Id: AOrrmF1YVZc

Length: 88min 30sec (5310 seconds)

Published: Wed Feb 23 2022