The information provided is for convenience only. It is not investment advice or a recommendation, it does not constitute a solicitation to buy or sell securities, and it may not be relied upon in considering an investment in a Cardone fund. Past performance is no guarantee of future results. Any historical returns expected returns or probability projections may not reflect actual future performance. All securities involve risk and may result in partial or total loss. Investment in Cardone funds is available only to independently verified “accredited investors” through an offering made in accordance with Rule 506(c) under Regulation D of the Securities Act of 1933. Before investing in any Cardone fund, prospective investors should consider carefully the investment objective(s), risks, arches, and expenses. While the data we use from third parties is believed to be reliable, we cannot ensure the accuracy or completeness of the data provided. Cardone Capital does not provide legal or tax advice. Prospective investors should consult with a tax or legal adviser before making any investment decision.

Cash is King

In this Show

Cash is king and sales is God you need to know the 3 kinds of money to be successful. Grant Cardone, New York Times Best Selling Author, sales and business expert explains the 3 kinds of money:

1. Bitch Money, (scared and squandered)
2. Grow Up Money, (reinvested for growth)
3. Baller Money, (major opportunities) such as buying real estate or buying other businesses.

Study the people who have money, and get away from those who don’t. Warren Buffet has 50 million and is always waiting for the easy lay up. He invests in things that stands the test of time and are always needed (gas, energy, railroads). When the “fat pitch” comes, he’s prepared to go all in. Learn from this. There’s no shortage of money. It doesn’t take money to make money. It takes courage. What you do with the money you earn makes all the difference. Grant offers excellent advice to a 20 year old with college debt just entering the workforce. He advises him to focus on paying yourself first, then go into the marketplace and offer
our value in exchange for money, this will generate more income and then you can pay off debt.

Grant offers a personal “Grow Up Money” example of his move from California to Florida and using the money he saves on 13% taxes to reinvest into growing his brand and businesses. He also admits he was 51 years old with “bitch money” because more money was going out than coming in.

He encourages all listeners to grow their incomes by getting great at what they do and once money is obtained save it for the purpose of investing in something down the road.

(Visited 149 times, 1 visits today)