The number one mistake for millennials is NOT buying a home???? Wrong. You don't need a home, you need cash flow. Never ever buy a house. It's not a dream, it's a death trap. It doesn't multiply your money! Listen to the full show to get ALL the reasons why a home is not a good deal.

Chairman of WFG, Ed Mylett has built a fortune by being a closer. While his initial dream didn’t work out with playing baseball, he immediately opened his eyes to see the next opportunity. It’s not whether you get up, it’s how fast you get up. He’s now a peak performance coach and is highly interested in reaching his full potential. What’s the highest version of you? Don’t measure yourself against others! Grant and Ed discuss the idea of when’s enough, enough? How do you find massive success? Ed says there are two motivators after significance and wealth: growth and contribution. His 3 tips for reaching your potential include: 1. Monster Hunger. 2. Crazy Work Ethic. 3. Ability to Focus and Remove Distractions.

We all have made money mistakes—but the problem is for many, they keep making the same mistakes over and over and over again. You must learn from these common mistakes if you're ever going to create big wealth in your life. Here are some top money mistakes: #1 Being Short-Sighted #2 Not Developing Any Skill Set #3 Making Zero Investments to Learn More About Money #4 Living Above Your Means #5 Not making investments in time and money to get better

This is an unpopular viewpoint but it’s true: You’re NOT just supposed to love your partner the way they are. Really?! It's true. Why are you suppose to love them as they are? With all their flaws? What if they’re lazy? What if they’re broke and have a gambling addiction? Accept them as they are? You don’t have to love someone as they are. Your marriage won’t last if you both don’t change. Be the best you can for you and you’ll be the best for someone else. Here are two rules to remember: 1. Don’t accept people just the way they are. Push them to the top. 2. When you take care of yourself it’s a gift for your partner.

Today on Power Players Grant Cardone interviews Tim Storey, an inspirational author, speaker, and life coach who works with celebrities from Oprah to Charlie Sheen. Tim says that sometimes you are just one conversation from the break you’re looking for. Power Players is about people who have achieved power, and Tim now travels the world speaking to crowds from Singapore to Nigeria. Everyone is battling something, and in different areas of life—financial, familial, health, etc.—you are in recovery zone or discovery zone. In a marathon, everyone starts running at the beginning, but when you get to mile 15 it’s just the Kenyans out front. It’s because they’ve battled and gone through some hard training. Coming from Compton, Tim knows small beginnings but working through struggle defines him. At the age of 8 he went to Disney Land and became exposed to a new world—new possibilities. There are two ways we grow: education and exposure. By choosing to think big and positive even in small places, he is who is today. Shift your satellite dish to what’s possible. Be a happy dishwasher and the real you will make a demand on the person that you’ll become.

Real estate is like a girl you like, you don’t find a girl you like and lowball her. When you have a big deal don’t worry about where you’re gonna get the downpayment from, you gotta worry first where you’re gonna get the loan from. Here's how to get the bank to lend you the money - show them you’re gonna get higher NOI by making improvements on the property! I increase NOI and refinance a deal twice and end up walking away with 2 million plus while making over $400k a year. You can make money in small towns but you have to look at where the money is moving to. Your small town can end up being a big town or a ghost town soon. Listen in every Monday for real estate talk on the Cardone Zone!

The Cardone Zone is for everything Grant Cardone! Today I'm telling you about the 3 mistakes I don't want you to make when it comes to money: Saving to save Putting money in a 401K Buying a House This is a place where you can ask me anything money! Love me or hate me, at least you know me!

Professional Follow-Up has 2 categories of failure: 1)You don’t follow up/ i.e., you quit. 2)You follow-up in the wrong way The professional will always remain professional. The customer should always feel good at the end of your call. Here are 5 rules to remember: Always be Professional Always Make Them Feel Good Always Agree Always Offer Another Service Always Use a Tag

In this episode I tell guys if you won’t or can’t take a shot in the face you can’t take care of your woman. If you're young, I would not worry about girls now, worry about the money. Women will come, they all come, they leave the wimps for the guys with money. So I challenge the men on planet Earth to man up! Get your bank account right, learn to sell, and you can have anything you want in life. Male or female, you won't have the right relationship until you have your money right—otherwise you'll always be fighting and stressing about money!

On this episode of the Cardone Zone I talk about finding off-market deals: 1. Know your market 2. Know your rents 3. Know where your debt or money is going to come from The debt is where everyone gets stuck. When you get to bigger deals, how do you get the money? You have to be qualified to be able to support those balance sheets. Listen in to Real Estate talk every Monday only on the Cardone Zone!

The marketplace has changed and marketing plays a big part in it. The old adage was to buy space in a newspaper or a billboard but in todays marketplace, you can reach millions of people around the world as opposed to just a little part of your town or local market.

Casey Adams came on the Cardone Zone today to interview me with his own podcast, The Rise of the Young. We covered social media marketing, branding, real estate, crypto currency, scaling a company, and my thoughts on college education. Casey is just 17 and far ahead of where I was at that age!

Erna Basson came in to my studio in Miami, Fl all the way from New Zealand to do an exclusive interview about women entrepreneurs today for the Cardone Zone. How can women and men operate in the marketplace today and how can women leverage some simple methods to get the upper-hand in any deal?

Why you’re missing deals: #1 lack of time is why you’re missing deals. You may be getting to your customers at the wrong time. Find out what you can do to preempt these things early in the process. #2 Personal issue may be the reason you are missing deals. #3 Unspoken concerns about costs could be a big reason why you could be missing deals. #4 Change of guard, new owner or decision maker comes into the deal when you reach the end of sales cycle. #5 Customers are on the wrong product, you need to provide options to people. For more on sales, listen every Thursday to the Cardone Zone!

Today in the Cardone Zone, Elena and I talked about what to do when you no longer "feel" love. Do you quit or push on? The reason you fall out of love is because your spouse's purpose no longer align with your purpose. To get back in love you need a shared purpose!

Edwin Arroyave is the CEO of Skyline Security which has made the Inc 5000 list for fastest growing companies for 3 years in a row. Skyline’s company mission is to ensure sure that with their aggressive push for quantity, they still provide the highest quality of service. Watch Grant and Edwin talk about expansion, recruitment and sales in this exclusive power player interview.

What are the 5 most important questions to ask when investing in real estate> In this real estate episode of the Cardone Zone, I answer the 5 big questions you must ask. Home ownership is going down while renting is going up over the last 30 years. Car ownership went down while leases are going up. That’s because people don’t want to own stuff anymore, they want to use stuff! Listen in every Monday to the Cardone Zone for Real Estate Topics that matter.

Other professional podcasters like Lewis Howes, Andy Frisella, Gary Vee, and John Lee Dumas all told me, focus on one show. But I didn’t because I thought I knew better. Instead of 10Xing one show, I tried to 10X the number of shows I was producing. Imagine doing a different show EVERY DAY and then figure out how to promote each one. I juggle a speaking career, five companies, and two kids. I simply wasn’t able to tell my audience where to go to listen to the podcasts because there are so many the message gets diluted. So here it is……one place for everything.

Have as much money as possible coming in from passive income. I want a check every month, how about you? I want the company to pay me and I want the real estate to pay me even if I didn’t ’t work today. There are not a lot of options for passive income out there. You make 50k you pay 15k in taxes, you need to figure out how to get this 3k a month you’re left with into passive income. When you buy stock you don’t need to worry about the loss it had over time because you really already lost the money when you bought the stock. You gave money for a piece of paper. Stop buying things that go up and down, you need something stable that pays dividends over time. If you make 100k a year your goal should be another 100k matched in passive income. Ultimately you want more passive than active income. Invest in things that stay stable. You don’t want a piece of paper you want a piece of asset. Only invest in companies that can’t be disrupted. AT&T went down because its in telecom and it got disrupted, Facebook will be disrupted, Apple will be disrupted. Just look at all things from 30 years ago that don’t exist anymore, like your mom's old phone. This is model you want to follow: work your ass off, save your money, when there is a good asset - buy it. You guys spend money on junk, I spend money on things that go up in value over time and give me passive income. Get on the smart side of investing!

The rich guys do not pay the IRS. It’s not that they don’t pay, they defer. You need to change your mind about paying the IRS. Pay more... 1. You want to pay more taxes. If you pay more you make more money. 2. Reduce the bill 3. Defer the bill What if I told you that you can buy a swimming pool or hot tub and deduct it? What if you could join the country club and write it off?

I don’t do get rich quick, I do get rich for sure. Here are 3 rules for you to take away today for future investments: #1 Don’t lose money #2 Don’t lose money #3 Get rich for sure Title of episode: Crypto is Down, Here's How to Invest

Do you have a Millionaire mindset? The middle class is getting hammered. If you want to be in the top 1% you're going to have to first change your mind, Your goal should not be $70,000 a year, it should be $70,000 a month!

You’re told to save money. Why? You don’t make enough money to begin with! The majority of all Americans are living paycheck to paycheck. The unemployment rate is at 4% but people are still broke. There are no shortages of money on this planet so why is this happening to the majority of people? Don’t worry about what happened last year. This is your year to turn it around and get your money right! We are in a new economy. Debt should not be your priority right now. You need to get close to people who have money. I talked about this in the “Millionaire Booklet.” You have to close the distance between you and money. That means getting around people that have your money. If you’re a waitress, don’t hang in the kitchen with the cooks. Stay at the table with the money!

If you only have 40k, you have no business investing. You need to make real money and put it away. Wall Street wants you to get rid of it. $100,000 is the investment number you need to be thinking about. When you lose money, you lose confidence. Prove to yourself that you can make money and keep it. Here’s How to Invest: 1.Don’t lose $ 2.Don’t forget Rule #1 3.Don’t start too early 4.Don’t invest too little/small amounts 5.Know what you’re investing in The Order to Invest : 1.Invest in yourself - this is not betting. You can’t lose when you invest in yourself 2.Increase Flows - branding, getting known, put into your business. How to Invest Like a Billionaire: 1. Long-term 2. Big Bet 3. Control 4. Domination

Do You Have a Crypto Coach? If you want to invest in crypto, the first thing you need is cash. Nobody sells their Bitcoin for nothing—they need cash. Think about it, the only way to get into the Bitcoin game is cash. You can’t invest until you learn how to MAKE money. There are 3 steps here: Make it Keep it Multiply it In order to multiply anything, whether it be crypto, stocks, or real estate, you first need to have it. Too many people are looking to get rich when they have nothing to even invest. What you need is a financial coach to help get you in a place where you start making more money. You need revenue! No cash, no Bitcoin, no Ethereum, and no Dash. You need CASH!

You must get your sales game on! Everything in life is a sale. If you're serious about making money, you need to have enough products, enough margin, and enough scale. Being great doesn't mean you make money. If you want your income to change, you must embrace the sales game. 1. You have to get in front of decision-makers. 2. Qualify them. 3. Can you get them interested to exchange money for a product or service? 4. Can you close the deal? 5. Can you repeat this cycle and build your pipeline? 6. Do you have enough margin and do you have other products to sell them?

People fail for two reasons: I don’t know you, I forget you. If I don’t know you I can’t get you money. If I don't know you, I'm not going to go to your Twitter handle, your Facebook wall, or your YouTube channel—and I’m certainly not going to your website and buying from you. There is no shortage of money, there is a shortage of people going for money. If you are motivated for money, become motivated for attention. I’m trying to give money away, and it’s taking work. People aren’t receiving it. I have to chase them down. There is no money in your house. Your mommy and daddy told you not to talk to strangers but strangers have everything you want. You can’t be obscure! Obscurity kills business. There are plenty of solid ideas and great products out there that never make it into the hands of the consumer. Most of them don’t know how to get attention and then they disappear. There are also some weaker products and services being sold to the masses and are very successful. When you look closely, those people, products and services are committed to getting attention. Remember, I don’t know you, and I forget you. If you’re money motivated, make sure people know you and don’t forget you. Intro by @jimmccarthyvos

Stocks, franchises, REITs, bonds, IRA’s, 401K’s—these are all places where people make investments with their dollars. To invest means to expend money with the expectation of achieving a profit or material result by putting it into financial schemes, shares, or property, or by using it to develop a commercial venture. You have to write a check, and the goal is not to break even like so many businesses do. Money desires attention and money follows attention. You will not get wealthy by mistake. If you want an investment to go up, have control in it. Be next to it, don’t ignore it. Or have a partnership with someone who is more invested in it than you are. If you have distance and time between you and your money, you don’t have an investment you have a gamble. Unless if you’re rich, you should have drips every month that remind you what you’re making from your investment. The truth is, Bank of America will not lend you money to buy stock in Bank of America, because they know it’s a bad investment. Go to https://cardonecapital.com/ to learn more about what I consider the best investment you can make today.

What did your parents tell you to do? What advice have you received from them that you’ve bought into? Your mom and dad were your first mentors. You looked up to them because you thought they knew what they were doing. They taught you that things are scarce, that you must concentrate your energies to save, that you’ve got to buy a home and not rent, and that you must go to college, right? So, you inherit their mistakes. Your mama is operating with some old ideas. You don’t save money, you use money. You’re sold an idea on college because it used to be the path to the middle class. Your parents taught you ideas that you can’t have, that you need to retreat, and that strangers are dangerous. Learn from their mistakes and learn from your own successes. Instead of what your parents told you, here’s what’s been successful for me: 1) Invest in yourself first. This will allow you to increase your income. 2) Invest in business second. Wealth is all about creating more and more income, not saving. 3) Invest in other investments that produce income. At some point you need passive income that works for you while you sleep.

How do you go to the next level? Whether you want to go from 25K to 50K, or go from 200K to 400K, it’s not about working harder. There are people that work less hard than you do who make 100X what you make. You’re not going to save your way to prosperity; you have to make the decision to make more money. You must learn to hate where you’re at in life. Stop hating on others and start hating on yourself so that you keep improving yourself! You need to take time out of the equation. You’re going to make 50K this year and next year, but what could you do today to take time out of the equation and make that second 50K that you’re going to make next year anyway, and make it this year? Don’t abandon your first flow of income. Too many people look for the next big thing and forget about what is already making them money. Always get better at the first thing you do: earning income. Think creatively to earn money. Remember that there is a direct relationship between time and money—they are connected. What do they have in common? If you want more money, you really want more time. Speed is the new big. You need to either go half as far or twice as fast. If you could have more of time or money, which of them would you choose? Time is money. Time is distance / speed, so if you want to get rich you have to do more with your time!

How many money tips are out there on the internet? There are just 3 you need to know: 1. How to Collect it: Get a salary, make sales, get bonuses, make income! This is where exchange comes in. You need to tie yourself to revenue. 2. How to Keep it (to use): Why do you keep money? Once you collect the dough, you’ve gotta quit blowing the dough. But you only keep the dough for one reason, which is… 3. How to Multiply it. This is where real wealth comes from. You don’t want to add, you want multiplication. Don’t put money in things that will go down in value. By the way, cash goes down in value. These 3 steps are active. All 3 are necessary for wealth. Many know how to collect who don’t know how to keep or multiply. The sad truth is, though, most don’t even know how to collect money. This is why I’m pushing every day to help give people the skills they need to make their life easier!

Should you buy a house? What would you do if I told you a house is a terrible investment? Buying a house makes you lose mobility and during the last 100 years, adjusted for inflation, the average home has gone up 1%. If it doesn’t make you money don’t buy it. The U.S. Census Bureau came out with a new report showing the fastest growing cities in America with cities in the south—specifically Texas and Florida—growing at the fastest rate. You need to be in a position to be able to move where the money is. 1)Houses are a bad investment 2)Buy things that make you money 3)A house is a liability 4)You need to have the ability to move quickly to follow opportunity I talk in black and white terms a lot, so keep in mind there are always exceptions to rules—but don’t go and buy a home!

Bad things happen to good people. Hurricane Harvey is a perfect example of this. People didn’t plan on this happening—and that’s why you have to be financially prepared in advance. As I just flew back from relief efforts in Houston, I’m reminded of what I talk about in 10X Rule—people underestimate the effort required to keep the show on the road. When chaos comes, when the hurricane hits, how do you handle it? 1) Stay Committed to Success & Prioritize— On Tuesday I wasn’t worried about who was going to handle the supplies in Houston, because the first step was simply going to CostCo in Miami to get the supplies. You don’t need to figure everything out from beginning to end, just start by going A from B. Get moving! 2) Your Safety and Success First—Put yourself at risk, not in more danger. You can’t help anyone if you get yourself hurt. 3) Start Getting Products/Results—You need to have something to give when people are in need. Products are solutions, and solutions give results. The fact is, the only way to fix chaos is with results. 4) Economics - Start raising more money through whatever means possible and use the money to solve more problems and prepare for the next chaotic event. I got many of my friends to donate to Hurricane Harvey relief simply by stepping up to lead. We live on an economic planet, so you are not going to solve chaos without money—sorry, it’s not going to happen. There is no class on chaos. You’re taught how to read and write in school but nothing on how to handle chaos. How silly is that? Handling chaos is one of the most important lessons you can learn in life. It was 22 hours turnaround time from the idea I had on Tuesday of bringing supplies to the people of Houston to the landing of 10X airlines in Houston on Thursday. I told my COO on Tuesday that I wanted to bring supplies to the people of Houston because the city is so close to my heart. As many of you know I grew up nearby Houston, in Lake Charles, Louisiana. I started my business in Houston and lived there for several years before moving to California years ago. When I saw there were millions of people affected by the storm and the recovery efforts were needed, I knew I needed to take action. There was a severe need for basic supplies for residents and relief workers. The people of Houston couldn’t wait, and I wanted to help the city and the people that have been so good to me… so I asked others to join me in the support. After packing my plane full of supplies and flying into the area to contribute goods to the efforts, I still want to help, so thru Sunday, I am donating ALL proceeds of 2018 10X Growth Conference tickets to our relief efforts here https://10xgrowthcon.com/ If you have been thinking about how you can contribute, this is it. Let’s show the people of Houston what 10X is all about

Saving For Retirement...Your mom told you to save for a rainy day and that a penny saved is a penny earned. If you’ve never been taught to make money, being taught to save money is kind of stupid. You’ve been taught that you must start saving early, but what are you even saving for? Should you send your money to people you don’t know to diversify? People that actually make it put a big bet on one thing. Finances are about playing offense. Who’s got your money? You need to make so much money that you can’t spend it all. When I make money I get rid of it as fast as I can because money gets bored. Don’t stick your money in an IRA, concentrate on investing in yourself so that you can begin to increase your income.

Never get advice from a millionaire. Don’t get advice on what the view is like from someone half way up the tree, they can only tell you what they think the view is going to be. That’s why you don’t want to get advice from someone not even half way there. The problem with the Millionaire Next Door: 1) Think is too small—There’s not enough zeros to last you any length of time 2) Conservation mode—Spend all energy trying to save the million. 3) Math doesn’t work—$33,000 a year is no money. You can’t just quit after making $1 million When you have a million dollars, you’re scared. Don’t be the millionaire next door who is conserving the little pile they have. To make your money last longer than your clock, you need much more than $1 million, so never take financial advice from a mere millionaire! FREE GIVEAWAY Get your Free Millionaire Booklet http://millionairebooklet.com/free

I come here every Friday so you can get your money right. The average American makes $58,000 a year and it costs more to live than that. How do you get out of that trap? 50% of American families have zero saved for retirement. It’s not because half the people are stupid, it’s the things we are all taught about money that is the problem. If you use the wrong battle strategy for 30 years, you will end up broke. Here are 3 tips today: 1. Your plan doesn’t work—You have to challenge your assumptions. Your mommy and daddy’s plan was all about saving. This is the wrong battle plan. 2. Secure the job you have—Quit hating on your job and add income to your job. 3. You need income—This is the plan you need, you need to play offense, not defense.

The 'Rule of 72' is a simplified way to determine how long an investment will take to double, given a fixed annual rate of interest. By dividing 72 by the annual rate of return, you can know how many years it will take for your investment to double. The rule of 72 with compound interest was great back when interest rates were higher. If you gave 100K to Bank of America today, it would take 72 years for your money to double. In Japan, it costs you money to keep money in the bank. You need a new vehicle that allows you to: 1. Protect your capital 2. Give you at least a 6-10% return 3. Gives you the possibility of appreciation in the future 4. Gives you tax advantages The bank is for people who don’t trust in themselves. You need to be doubling your money quicker than what the banks will give you. The house is about protecting money, but it doesn’t give a return or a tax advantage. I’m seeing doubles in 3 years, 4 years, and 5 years investing in multi-family apartment buildings. This is the new compound interest. Don’t wait until you are 90 years old for your money to double!

Stocks, franchises, REITs, bonds, IRA’s, 401K’s—these are all places where people make investments with their dollars. To invest means to expend money with the expectation of achieving a profit or material result by putting it into financial schemes, shares, or property, or by using it to develop a commercial venture. You have to write a check, and the goal is not to break even like so many businesses do. Money desires attention and money follows attention. You will not get wealthy by mistake. If you want an investment to go up, have control in it. Be next to it, don’t ignore it. Or have a partnership with someone who is more invested in it than you are. If you have distance and time between you and your money, you don’t have an investment you have a gamble. Unless if you’re rich, you should have drips every month that remind you what you’re making from your investment. The truth is, Bank of America will not lend you money to buy stock in Bank of America, because they know it’s a bad investment. Go to https://cardonecapital.com/ to learn more about what I consider the best investment you can make today.

Are you tired of living paycheck to paycheck? You can be making $40,000 a year or $270,000 a year—I know people who do both—and live with no money leftover at the end of the month. What can you do, besides increasing your income? Here are two things you can do to cut your expenses: 1. Reduce your tax bill—There are many things you can do to pay less to the IRS. Make all 9 exemptions. You want the government taking less from your paycheck. Don’t pay people, especially the IRS, before you need to. 2. Renegotiate student loans—Why would you pay this right now? Be Donald Trump, say that this deal no longer makes sense. If the president can renegotiate deals, you can too. The bottom line is that rich people do things that poor people don’t do. It’s not just what you make but what you keep. Search online about budgets, and nobody talks about the IRS or student loans. These are two huge expenses many people have. Cut into these and start keeping more of your money!

The ability to sell is as crucial to your success as food, water, and oxygen are to your life. Learning how to sell, and then close the deal, is what is needed in the real word to ensure you get what you want to in life—both professionally and personally. All parents are in the business of closing sales because selling is more than just products—selling is being able to persuade, convince, and gather support for your ideas and what you want to do in life—whether in business or in the home. Selling is everything in life. You need to know how to: • Sell in a bad economy • Overcome call reluctance • Fill your pipeline with new business • Stay positive, despite rejection • Utilize social media and avenues on how to propel your business goals

Freedom is the power to act, speak, think as you want without hindrance or restraint. Freedom and finances are connected. To get freedom you must focus on income above saving or investing. You can’t save or invest if you don’t get your income right. Income—Money coming in. Expense—Money going out. Cash—Money left over. What you can raise or lower the most is what you should have your attention on. You can only lower expenses so much. That’s why your attention should always be on income. Don’t spend your time on the finite number when you should be focused on the infinite number. Quit focusing on the little you have and focus on what is actually available. 4th of July is coming but most people aren’t free—you need to have so much income you don’t need a budget.

How fast can you blow through $1 million? Faster than you think. That’s why you need to 10X your finances and become a multi-millionaire. Do you believe $1,000,000 would set you up for life? Never working again? Never answering to a boss or waking up for work? Some people think the answer is yes, or even think $1,000,000 is going to set them up financially to never worry about money again. The truth is, it's really not that much money. If I gave you $1,000,000 today, you would not be able to retire comfortably. Don’t get advice on what the view is like from someone half way up the tree, because they can only tell you what they think the view is going to be. A millionaire with a a couple of million to their name is not financially secure—they have not financially arrived yet!

Saving For Retirement...Your mom told you to save for a rainy day and that a penny saved is a penny earned. If you’ve never been taught to make money, being taught to save money is kind of stupid. You’ve been taught that you must start saving early, but what are you even saving for? Should you send your money to people you don’t know to diversify? People that actually make it put a big bet on one thing. Finances are about playing offense. Who’s got your money? You need to make so much money that you can’t spend it all. When I make money I get rid of it as fast as I can because money gets bored. Don’t stick your money in an IRA, concentrate on investing in yourself so that you can begin to increase your income.

Where can you find a better return on investment than the stock market? Anything that is not simple, something that you don’t understand, you turn control over to someone who understands what they’re doing. If you don’t know what you’re doing, you will feel stupid. That doesn’t mean you are stupid, it means the thing is messed up. You don’t need the stock market to make money. If you make $50,000 a year, you could make another $13,000 a year in the stock market maybe—or you could just make $50 more every day. There are so many ways you can make an extra $50 a day now rather than giving your money away long term to people you don’t know to do who knows what with your cash. Besides, if you make $50,000 a year there is nothing left over to invest in the stock market anyway. Increase your income first before worrying about investing!

Never get advice from a millionaire. Don’t get advice on what the view is like from someone half way up the tree, they can only tell you what they think the view is going to be. That’s why you don’t want to get advice from someone not even half way there. The problem with the Millionaire Next Door: 1)Think is too small—There’s not enough zeros to last you any length of time 2)Conservation mode—Spend all energy trying to save the million. 3)Math doesn’t work—$33,000 a year is no money. You can’t just quit after making $1 million When you have a million dollars, you’re scared. Don’t be the millionaire next door who is conserving the little pile they have. To make your money last longer than your clock, you need much more than $1 million, so never take financial advice from a mere millionaire! FREE GIVEAWAY Get your Free Millionaire Booklet http://millionairebooklet.com/free

Grant Cardone talks with Gary Vaynerchuk in today’s Power Players. Gary has built businesses his whole life. He grew his family’s wine business from $3 million to $60 million and started VaynerMedia, a social-media focused digital shop that helps Fortune 500 brands tell their stories and drive their business results. Gary has written 3 NY Times Best Sellers and does the #askgaryvee show along with much, much more. In today’s episode Gary talks about his upbringing coming to the States from Belarus and how entrepreneurship is in his DNA. Is entrepreneurship something in our DNA or is it something that must be trained? Gary hated college, but was able to master Madden 94 along the way. He worked so hard in his 20’s that his one regret was that he didn’t spend more time with his friends. He tells Grant the best way to build wealth is to think long-term, not short-term. Gary also sincerely believes he works harder than anybody, and his goal is to do just that.

Should you buy a house? What would you do if I told you a house is a terrible investment? Buying a house makes you lose mobility and during the last 100 years, adjusted for inflation, the average home has gone up 1%. If it doesn’t make you money don’t buy it. The U.S. Census Bureau came out with a new report showing the fastest growing cities in America with cities in the south—specifically Texas and Florida—growing at the fastest rate. You need to be in a position to be able to move where the money is. 1)Houses are a bad investment 2)Buy things that make you money 3)A house is a liability 4)You need to have the ability to move quickly to follow opportunity I talk in black and white terms a lot, so keep in mind there are always exceptions to rules—but don’t go and buy a home!

Saving For Retirement...Your mom told you to save for a rainy day and that a penny saved is a penny earned. If you’ve never been taught to make money, being taught to save money is kind of stupid. You’ve been taught that you must start saving early, but what are you even saving for? Should you send your money to people you don’t know to diversify? People that actually make it put a big bet on one thing. Finances are about playing offense. Who’s got your money? You need to make so much money that you can’t spend it all. When I make money I get rid of it as fast as I can because money gets bored. Don’t stick your money in an IRA, concentrate on investing in yourself so that you can begin to increase your income.