The Cardone Zone

How to Know when to invest?

Grant Cardone has special guest twin brother Gary Cardone—CEO and Co-founder of Chargebacks911 on the Cardone Zone. Get your business, career, and finances right!

92 Million people in America are underemployed. What people should be doing now? Make more money! Gary is now of the mindset of not buying anything unless it produces income or energy. A house is not an asset, it's a liability. There's no reason to own a home. Don't buy a car, lease a car. Only buy something that produces income or energy. Why buy a house? For your ego? A fantasy that has been sold to you? Suzy Orman is wrong!

Gary also says when making cold calls he uses a strategy to hit a company three different ways, contacting 1. The CEO 2. The COO 3. The CFO

Today on the Cardone Zone Grant Cardone talks real estate. Don't invest in stocks. Don't do gold or silver. Don't do an IRA. The best investment you can make is in real estate. Getting rich is simple.

1.Increase your income 2. Save the extra 3.Invest savings

Grant breaks down why real estate is the best investment and goes over various examples with numbers on the whiteboard. It's better to get a place with many residents than just one. You don't want just one door. Let renters pay the debt down. You can leverage your money to a high-degree in real-estate. You can buy a $2 million property for 500K. But to invest 500K you need to save 500K, and that requires a salary larger than 50K.

Grant Cardone TV: http://grantcardonetv.com/video/cardonezone/investinginrealestate/#ixzz48ZlVhPn0 Follow us: @grantcardonetv on Twitter

Today on the Cardone Zone Grant Cardone talks about the Federal Reserve. Money is only as valuable as the confidence people have in it. Raise your awareness. Where do banks get their money from? Money is anything that is excepted for value. The dollar is not backed by gold. The country is $20 trillion in debt. What are you doing to protect your money? What is the validity of the Federal Reserve? Grant is beginning to do a little homework on the Federal Reserve. When he doesn't know what's true and what's not, he does tests. He went to the bank and told them he needed a million dollars—cash. They asked for a reason, and Grant replied that they didn't ask him for a reason when he put it in. He wanted to test to see if he could even get his money. If you go to the bank and ask for even 100K you won't get it that day. The US has been for 200 years a country that has been built into greatness, but there is big problems —because it is a pure credit nation now. Everyone in the middle class is going to get disrupted. The money you have is digits in a bank, but Grant's advice is to get as much of it as you can because if things go bad, you'll still need it.

Today on the Cardone Zone Grant Cardone talks about the YOUEconomy. Wages are not increasing folks, and we are entering a new economic age. Make a decision to focus on the YOU economy. Take responsibility for your finances—it's on you. Set a target and start doing the math. Take a second job, whatever it takes to get your money right. The truth is having a JOB means you are Just Over Broke. Your job is to think like an entrepreneur 24/7. Operate with urgency. Money don't care how old you are. You MUST learn how to sell. Extrovert yourself and make your own economy. The economy ain't coming back. Jobs are in the middle class. The middle class is disappearing. In 2008 I realized I was too dependent on THE Economy and not MY economy. I changed that and you can too. Get on Cardone University today.

Today on the Cardone Zone Grant Cardone brings news of a coming recession. It's been 8 years since the last major recession and Grant says we are in another one. When there is cranes in the air, beware. Stay away from real estate right now. Sell your house. It's too late when the hurricane hits. When the contraction happens its too late. When everyone is running to the door nobody can get out. Go to the door now. This will be deep, ugly, and long. It will effect you. Intel laid off a bunch of people this week. This will continue. Boeing is cutting jobs. There is 1.3 trillion dollars in college debt in this country. Grant went to the bank to get a bunch of money out and it took him 3 meetings and a week to get his money out. What will you do when there is a bank run and you can't get your money out? How to protect yourself from recession: Get prepared.

1) Don't wait for it to get here operate like it is here now. Out work everyone now as though the contraction is fully here. 2) Stop ALL spending except on those things that can increase income. Do NOT spend to consume; spend only to increase income. 3) Keep your firewood dry and add to it. Accumulate cash—wood for your fire—at all cost and spend nothing, preparing to invest when real assets get cheaper (they will). Prepare to steal when the market capitulates (throws up). Build your fire so big others stare in amazement. 4) Do whatever it takes to increase income. Take on other income opportunities to increase your monthly income and save it all. 5) Learn 'how' think rather than 'why' think and act like an entrepreneur. That means sales, marketing, negotiating, follow up, and branding.

On today's episode, Grant talks about something that even some of the 2016 presidential candidates could use a few tips about—how to sell yourself. Simply showing up is not enough. Grant discusses how some of the GOP candidates may have been on-stage, but they didn't show-up to blow-up.

Watch Grant discuss these three rules to selling yourself:

1. Show up, and then show up again — then show off 2. Claim the stage as the authority 3. Sell who you are

Think of your life as a movie and remember you are the producer, director and writer. That being said, it is invaluable to learn how to present yourself in a moment and command an audience.

In this edition of the Cardone Zone Grant Cardone tells you to GET RICH. Every Friday he gets you in HIS zone and today he tells you all about the R Word. Mommy and daddy told you not to talk about money. Talk about money. Not just enough money. The people who have money are in control. They make decisions. It doesn't matter if it's 3K, 4K, or 6K. It's not enough. Only 1% of people are rich. The other 99% hate on them. Focus on earning income, not saving money.

1.Make a decision to get rich 2.Tell the world about it 3.Develop a killer and do whatever it takes 4.Set targets and follow them up like a maniac 5.Invest every penny you have

It's easier to get rich one time than stay poor for a lifetime!

Grant is talking today about how to get your mind on your money. He goes into how millionaires view their money versus how everyone else does. Do have that wealth mentality? Are you trying to 10X your finances so you can reach your dreams?

Do you think the wealthy have an unfair financial advantage?

Everyone has the same opportunity to acquire wealth. Grant came from nothing financially, his father died when he was young, and his mother did everything she could to provide for her children—except expanding her wealth; she hoarded the money.

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.

Every week Grant Cardone comes at you on the Cardone Zone to talk about career, business, and finance. This week the topic is MISTAKES. What do you do when you screw up? We sent out an inappropriate email to 100's of thousands of companies including places like Google, Aflac, and All-State. We all mistakes. The key is how you recover from them. Mistakes are really MEstakes because mistakes are your fault.

When you've made a mistake, do the following:

1) Confront Head On Be a useful tool for disseminating accurate and timely information. Dealing with the media in good times or when things are more challenging, can be frustrating. 2) Handle It—Set the Rules of the Game We made a mistake, I own it and I hope you can forgive us for it. I won't apologize over and over again. People make mistakes. I am not going to be punished repeatedly. 3) Use the Energy of the Crisis or Mistake to Increase Exposure Write articles, do interviews, record podcasts, etc. Get in front of the story if you can.

You have different channels that you can get away with different things. Your biggest mistake would be if you are too scared to make any mistakes. Realize that when a wreck happens people look. Make the best of the situation and turn the bad into a good!