In this edition of the Cardone Zone Grant gives a crash course on investing 101. Here are the 3 mistakes people make with investing.

1.Investing too early. Do you think about investing when you have no money? Of course not. People ask Grant all the time what they should invest in with the 10K they got. If all you have is 10K you are still broke and have no business investing. The best investment Grant made in his life is not investing. He waited until he had a more significant amount to put his chips down on the table.

2. You start too small. What are you going to do do, invest a nickel? $5 goes up 100 times it’s still just $500 bucks. The think is too small. The only reason to invest is to get rich, to have prosperity. Don’t do little tiny amounts. They won’t make a difference. Don’t invest to grow, invest for freedom. Wait until you have a significant amount to invest. Grant was 33 years old when he had over a million dollars in the bank before he made his first real estate investment.

3.Diversify: Rich people put all the eggs in one basket. They protect that basket. Don’t put a lot of different eggs in a number of different baskets. Rich people make 1 big deal. Wall street sells diversification. People don’t know what they are investing in. Accumulate cash so you can put it in one big deal. People keep gambling with little pieces and get torched. You have to reduce your risk by doing your homework. You should not give money to people you don’t know. You put $100 into a mutual fund and you don’t even know where it’s going.

Investing is a vital part to earning your freedom. Chances are you won’t inherit wealth.
A good investment is something you put your money in and it explodes. The bank tells you to put your money in a bank and it will grow. No it won’t. It will sit there. But you need to let your money sit there until you earn enough to save a significant amount.

If you have 100K to your name you don’t want to spend all that in one deal. You still need to have something left, you want to sleep at night. Get your income up and keep parking the money until you have enough to make a big play and still have some left over. I spent 350K on my first deal when I had over 1 million saved.

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  • KenrickARUBA

    Grant

  • FLUSAcom

    Looking forward to the show. Sick today but I know this knowledge is going to make me feel better and be a good use of my time.

  • I’m here GC, let’s roll #GCTV #CardoneZone

  • KendleDSurgeon

    How do you sniff out a bad investment ?! Give me the roadmap Uncle “G” the financial gangsta !!

  • How do you feel bout life insurance / indexed plans?

  • LonLinke

    At Home Travel BOOKER…1st time viewer…GO GRANT GO!!!! All ears and eyes on you!!! Big claim and ready to BELIEVE!!!

  • TakodaBrand

    CARDONE!! 😀

  • RonaldKobrya

    Why are you against taking advantage of the tax benefits and investing passively into a IRA/Roth IRA?

  • Invest to get rich then get freedom.  I don’t any other reason.  The safest route for me is my own brand.  Stock market plays too many games.  That’s my opinion.

  • Great show G-man!!

  • If you had 10,000 to boost your personal brand through media how would it be best spent ?

  • FLUSAcom Get better hustler

  • How are the Balls sales going Grant 😛 ?

  • MissyCollins

    Watching on Facebook Live!!! LOVE LoveLLove

  • Alexbq980

    This is what ive taken so far. Think about what you want to invest and be smart about it. Brave and bold is key in investments.

  • Frank Gonzalez

    Invest in yourself. Read books, study mentors, follow Grant Cardone!

  • Tawana D

    You cannot earn your way to financial freedom

  • Atanas Vasilev

    How’s it goin?

  • Tawana D

    What do you think about forex trading??

  • RosyNarula

    Should we have permanent Insurence?

  • beeznutzstl

    Hi everyone, where are you watching from?

  • TakodaBrand

    beeznutzstl Rotterdam, The Netherlands

  • CapitalGaines21

    South Florida people, lets connect!

  • Invest to GET RICH!

  • beeznutzstl

    TakodaBrand beeznutzstl That is awesome, happy friday

  • Chiheb Bouhanaf  From montreal too, what’s your business ?

  • TakodaBrand

    beeznutzstl TakodaBrand You to my friend!!:D

  • hmj8277

    Watching from Greensboro NC

  • Helle Chanell Johansen

    From Denmark

  • RichardCinta

    Houston, Texas is Here!!

  • TakodaBrand

    Make those Billions & Trillions in total Turnover!!

  • RosyNarula Grant does not believe in insurance at all

  • restakes.com

    Warren buffett talks about Diversification is for investors don’t understand what they are doing!

  • TakodaBrand

    restakes.com He lies to get you on the wrong path

  • Chiheb Bouhanaf Grant would reply, don’t quit your main flow of income until it has become undestructible

  • LonLinke

    Myrtle Beach, South Carolina…Big Claim and BELIEVE…today’s nugget-BIG is NEVER BIG ENOUGH!

  • restakes.com

    We dont believe in diversification. Grant says to find a vehicle and GO ALL IN!!!

  • TakodaBrand restakes.com That’s one way to eliminate the competition is through mis-information.

  • Lynda Blackston

    You are so real Grant, thank you!!!

  • restakes.com

    Multi-family property is the only thing that google or any other technology can destroy!

  • TakodaBrand

    Warren Buffet said the best investment you can make is in yourself!!

  • Lynda Blackston

    beeznutzstl Kalamazoo, Michigan

  • restakes.com

    Chiheb Bouhanaf Agreed! Believe in yourself!

  • breadandbutterhomes

    Hello from Charlotte, North Carolina.

  • restakes.com

    Take the profits from your business and shove it in to multi family real estate!

  • restakes.com

    The US will be a renter nation from this point on!

  • TakodaBrand

    Check our SALE @ www.TakodaBrand.com !!

  • Matt G19

    Hey Uncle G,  Im 35 years old and run a Nutraceutical Distributorship and have been grinding for 10 years and finally 3 years ago started making some real money.  Im investing in myself and have around 200K cash laying around and another 200Kish in the market.  Im in Denver and you cant find a decent multi family deal under 1.2M with a sub 7 cap rate and everything is class C stuff

    Some say they are overbuilding apartments here.  Is that a concern?

  • Jarvisj

    Invest to get Rich!!!

  • restakes.com

    Everyone should have a sacred account that you dont touch!

  • TakodaBrand

    Takoda is my only Investment so I don’t get distracted!!

  • restakes.com

    Its better to LEASE a car than BUY it. You can write off 100% of the car lease payment if you have business!

  • Helle Chanell Johansen

    Crypto Currency – would you “speculate” in this, if the value increases every week? under 10 months Ive earned 6 figures…

  • restakes.com

    Dont gamble on your investment. If you are investing in real estate. Start with the area you KNOW!

  • restakes.com

    Mutual Funds are basically handing your money to a stranger and PRAYING you will get it back!

  • New Life

    Powerful information!! I have been thinking about this for awhile now. Thanks for the subject!!!

  • Jarvisj

    Who’s Got My Money!?!

  • restakes.com

    The 401k is dead. REAL ESTATE is the new retirement account!

  • IsabelCChaves

    Pay yourself first. Where? LMAO I’ve asked so many people. Where does the pay yourself first compound interest come from?

  • To GET RICH!

  • KenrickARUBA

    Grant . 

    Should you sell of inherated property so you can make more $$ instead of taking up debt before making any CASH?

  • How about investing in lead generation (paid traffic) ? (of course i make cold calls too 😉

  • Jarvisj

    Invest To GET RICH!

  • restakes.com

    IsabelCChaves You can have your employer deduct part of your check to another account before issuing the check to you

  • restakes.com

    Jarvisj Exactly!

  • restakes.com

    Napoleon Hill went through many titles before coming out with “Think and Grow Rich”!

  • RichardCinta

    Grant, I took your advice, I am no longer servicing Real Estate Investors in Just Texas Only. I am now officially Nationwide!!! I have a Title Search Service at http://www.GetTitleSearches.com that now helps Real Estate Investors Buy Great Deals by Checking Out their Title!

  • IsabelCChaves

    I’m self employed. Where do I pay myself first to earn the gd compound interest?

  • lovinit!

    Where do I buy your Young Hustler hat? I dont see it in the store……….

  • David Monge in the house!

  • Matt G19

    Hey Uncle G,  Im 35 years old and run a Nutraceutical Distributorship and have been grinding for 10 years and finally 3 years ago started making some real money.  Im investing in myself and have around 200K cash laying around and another 200Kish in the market.  Im in Denver and you cant find a decent multi family deal under 1.2M with a sub 7 cap rate and everything is class C stuff
    Grant Cardone TV: http://grantcardonetv.com/video/cardonezone/investing-101/#ixzz43vvJtldo 
    Follow us: http://ec.tynt.com/b/rw?id=bQjQLgFkKr5k8Aacwqm_6l&u=grantcardonetv

  • Njb443

    Nothing in this world is free hustle and grind until you have freedom

  • Jarvisj

    Thank you for the shout out Uncle G!!!!!

  • breadandbutterhomes

    Grant, have you ever used private lenders? What was the experience?

  • restakes.com

    SPEND IT ALL and focus on getting more income!

  • Clint Maki

    I wanrt video branding done!  Where do I sign up?

  • Lynda Blackston

    I wanna get RICH!!!!hey….

  • FLUSAcom

    How much money do you consider to be rich?

  • break from obscurity!! – GC

  • restakes.com

    Your goal is for 7 BILLION people to know who your are!

  • Lynda Blackston

    FLUSAcom great question

  • triciastahl1

    What are your thoughts about Self-directed IRA’s?

  • IsabelCChaves

    Pay yourself first. Where? LMAO I’ve asked so many people. Where does the pay yourself first
    compound interest come from?
    I have a rental property paid in full. Using the rent money to lease a larger house as I run two companies from home and homeschool!
    Advice?

  • MULTI FAMILY

  • restakes.com

    BarnettPiedPipe Agreed! People always need a place to live!

  • beeznutzstl

    even BeezNutz has targets, lots of targets, a whole lot.

  • BarnettPiedPipe If you need help financing MULTI FAMILY homes I can assist with non-recourse loans.  
    David Monge – NMLS 1145701

  • IsabelCChaves

    I get that. But where does the compound interest come from? Any general savings account? I truly appreciate understanding more about compound interest.

  • beeznutzstl

    pay the cost to be the boss. Like big Snoop Dogg says, Snoop was the inspiration for the Beez Nutz name.

  • Vassil

    Hey Grant!
    First of all – you’re amazing at pep talks! 
    Secondly – You said you started investing in your 30s. I’m in my mid 20s and I’d love to hear your thoughts on the question:
    Should I work for somebody for a few years and gain experience in what I do (engineering) or start my own company as soon as possible and learn how to manage resources and money the hard way?
    Thanks in advanse!
    Regards,
    Vassil

  • restakes.com

    dreallday  talks about the power you can have with delayed gratification!

  • RonaldKobrya

    IsabelCChaves are you from California?

  • IsabelCChaves

    Florida. Why?

  • LonLinke

    BROKE is HUGE motivator!!!-Thx GC!

  • RonaldKobrya

    IsabelCChaves I’m a financial advisor… this is what I help self-employed folks with. But only licensed to do business in Cali (for now).

  • breadandbutterhomes

    U0001f602

  • New Life

    Everyone that has money acts broke!! Everyone that’s broke acts rich!!

  • restakes.com

    You have to invest smart and like the RICH. But you gotta ACT Broke!

  • restakes.com

    New Life Agreed!

  • restakes.com

    LonLinke Grant is a perfect example of that!

  • LonLinke

    that’s why I’m a BIG GC FAN!!!..Thx for the “shout out HELP!”

  • BrokeCollegeKid

    Big bets? What about small calculated bets!? When you know you can continue to sell 5K cars for 8K?

  • That was the best show in a while, very good stuff 🙂

  • LonLinke

    BROKE NOW….Uber Motivated NOW!

  • TakodaBrand

    Choosing a Partner is hard, because it is almost like a marriage , so has to be the right person, plus keeping the biggest stake in your business is also important, or else you get what for example happened to Elon Musk, they throw him out at PayPal one time because of that, that’s why he made sure now he has the biggest stake in his companies so it doesn’t happens again!

  • beeznutzstl

    chat is going off today, happy everyone is here

  • GC thank you so much for providing such awesome content!  Rocking my life @ http://www.obtainyouridlife.com

  • jamesbeiler

    Want to save about 500 dollars per employee per year on your Fica Taxes? Contact me [email protected]

  • KennyIzevbigie

    This guys work ethic is CRAZY!!! love it

  • breadandbutterhomes

    Grant, who is your creative director spear heading the shows and products?

  • LonLinke
  • GilmoreFraser

    Good advice

  • LonLinke

    Thanks for all the help and tips gang…EVERYBODY…Big Claim and BELIEVE!!! happy Easter, ya’ll…Lon. Out.

  • Jarvisj

    Thank you Uncle G!!!!

  • Hasaan Jones

    What’s the alternative to the 401k

  • IsabelCChaves

    aww its over? Damn.  thanks everyone!

  • Frank Gonzalez

    DIVERSIFICATION = Guaranteed way of getting average returns

  • FashionNY

    During the 90s, I keep wondering why so many people were able to buy $400,000 houses and higher when the average American’s income hovered around $40,000 per year. The old rule of thumb was that you don’t buy a house that is more than three times your yearly income–which means that most Americans should not buy a house worth more than $120,000 to $150,000. Credit cards and refinancing was fueling the pre-2008 boom. Then it went bust. Build an economy on job and product creation–not credit or Wall Street.

  • restakes.com

    Another great show Grant thanks!

  • Matthew

    I’m 20 years old and have just gotten my foot in the door as a car salesman and so far I’m doing pretty well. I was wondering when too actually start investing. I was actually going to wait till I had 10k in the bank and invest it all in one company that I had done a good bit of digging on. This has been so usefull.

  • stacyacross

    Mentor, Coach and Leader – Thank you for all you do as a microtargeter. 7 Billion SERVED. http://www.thecomfortkillers.com

  • SmittySD

    GrantCardone your best # CardoneZone yet! Should be required to watch by all young people

  • JamesNi17212339

    GrantCardone what’s up Grant? Do you respond to messages here?

  • Guest – James Kuckie here… was on whatever it takes season 2… when it airs 🙂 I like this episode of cardonezone. I have been living “Broke” this way since you booted me off your show last april. even before then I was living that way for 6 months. I think you may remember me G.C. when you think about it. I am glad you kicked me off and said/say the things you do. I have taken my company Spa Remedy  www.sparemedy.com and was announced one of the top 10 day spas in Illinois and now have 3 locations since my wife and I started the company 18 months ago. I know you are sad to have not recruited a great sales person, but I know it makes you even happier to hear how great I am doing because of that. In a way I think you made a mistake by eliminating you, but really you made the smartest move… thanks man.

  • jaymchugh

    Great call per usual…