Daily Meeting - Personal Training 22: 10 Rules to Get Your Money Right

Grant Cardone’s 10 Rules to Get Your Money Right

https://www.youtube.com/watch?v=cQ4t_aYb3qo&t=1s 

10 Rules to Get Your Money Right

1. Never spend it until you get it

• Don’t count the money in until the money’s in
• Don’t spend tomorrow’s money
• If your paycheck is already accounted for, you didn’t have it
• I will have no debt that others do not pay
• A bill is anything coming out of your pocket

Antonio’s Plan to Retire in 18 Months

Step 1: Write down all your bills in descending order (highest to lowest)

Step 2: Tell your mind every one of your bills becomes a stream of income

Step 3: Create stream of income for every one of your bills

Step 4: Start with the lowest bill

• It’s the easiest
• It increases your confidence

Step 5: Make a snowball effect of your bills

• Create a stream of income for your lowest bill
• When that bill is paid off, take that stream of 
• If Antonio gets a $1300 customer every week, he will earn $67,600 for the year

1. The 40% rule

• 40% — taxes
• 40% — your business
• 20% — yourself
• Either control your expenses to live on the 20% or increase your income to increase the 20%
• 99% of your problems can be solve with money

1. If you can’t write it off, don’t buy it
2. Rent and lease; don’t own
3. Stabilize and grow your first flow before adding a second flow
4. The 47 Rule

• Spend at least 7 hours/week on yourself

1. Stay broke
2. Never lose money
3. You want cash flow, not cash
4. Never quit until you achieve your goals

• It’s not a matter of so what; it’s a matter of what’s next
• Stop giving people passes because you love the Lord
• Give people grace and mercy, but don’t give them your prosperity

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