Fiat Currency is a Scam
The definition of real is actually existing as a thing or occurring in fact; not imagined or supposed; (of a substance or thing) not imitation or artificial; genuine. Fiat currency is money that a government has decided to be legal tender, but it is not backed up by physical commodities. Government-issued money is not fixed in value by any objective standard. When I invest, I want it to be in something that is real. This is why you need to get rid of your money—fiat currency is fake and is always losing value. This hasn’t been happening for 3 months, it’s been going on forever.
Real estate is real—you can touch it. You need your money in things that are real. The only reason I keep dollars is to invest in things that are real. Besides investing in something that is real, you want to invest in something you know. Do you know where your money is going? I just read that Wells Fargo employees were making ghost accounts for clients making them pay fees for things they didn’t even sign up for.
Those fake accounts let Wells Fargo employees boost their sales numbers. Let it be known that this type of stuff isn’t limited to Wells Fargo, the same stuff is true when you buy into any mutual fund—you don’t know who has your accounts, where your money is going, and what you are being charged for.
Are you investing in things you know, in things that are real? My advice to you today is that real estate is the best place to turn your fiat currency into something tangible. Each Monday at 12 noon EST I am doing a real estate show on GrantCardoneTV to answer your questions and detail how I do my deals. On the show I recently talked about the multi-family value-add. When you are buying apartments, how can you add value to get more income? Tips to find the value-add in the deal include the following:
- Rent Disparity—Look for markets where there is a big difference in prices, where there are $800 prices in the ghetto and then across the next neighborhood prices jump to $3000. Where’s the middle? Look for markets where there is big rent disparity.
- Timing—There are certain times better than other times, and to know the timing you have to be in the marketplace.
- Kitchens and Floors—You don’t get a pool to raise the rent, but to make it easier to rent. Amenities make it easier to close the deal with people. Washers and dryers will cost money to install but will make it easier to rent for many people. Would you spend $600 to get back $65 a month? Invest something to get something back. Think about things people will pay for like parking or VIP trash pick-up. This is an incoming producing business so get creative.
Whatever you do, don’t do baby steps in real estate. If you do, you’ll be punished. Save your money until you can go big. You need to be buying things that will produce income right away. The best real estate has multiple doors, so scale out and don’t make the mistake of buying single family. It’s the same energy to go big as it does to go small. Spend your money on things that will produce more money, don’t save your money when the value of that money continues to go downward. The only reason to save is to have something to invest.
If you have any real estate questions for me, email Ryan@cardoneacquisitions.com
I want to help you get wealthy. You need to make money, and lots of it—but you need to then invest your money in something that is real. One way to get rich fast is to become great at sales and mastering objections. I’ve never done a live seminar specifically on handling objections—until now. Whether you are an entrepreneur or work for someone else, you must learn how to handle objections to increase your revenue.
The Mastering Objections Webinar was epic. You still can get for free the following:
- 15 videos on Handling Exact Objections
- 25-Minute Play by Play Walk Through of me Handling Objections
- 50+ Page eBook of Brand New Content on Mastering Objections
- 200+ Page PDF Rebuttal Book