The Cardone Zone

This week Grant is talking about money, finances, and how you can simplify them to a digestible amount.

If you're stuck at a crossroads you're stuck at a maybe—you need to make a decision. You need to go as fast as you can in one direction, and if it's wrong, adjust your path.

Simplify everything.

Your Finances: 1. Income – How much came in? 2. Expenses – How much went out? 3. Net – How much do we have left?

"You're kept from your genius and your potential because you're overcomplicating everything." – GC

The first thing you have to do is make a lot of money. Your parents taught you about expenses—use coupons, get discounts—and it's a waste of time. You need a financial statement, a plan to make money.

Business is supposed to be fun—and it ain't fun when you're broke. You need to focus on the top part of your financial statement; the income. Get as many flows in as you can and immediately push that back out to build more sources of income.

"Until you identify the right problem you will not be able to overcome it." – GC

In this previously aired episode, Grant Cardone, successful entrepreneur, best selling author and real estate investor shares the secrets to multifamily investing. For over 25 years Grant Cardone has been investing in multifamily real estate. He believes the America is becoming a renter's nation offering a great opportunity to create additional income. Grant offers so many helpful details and announces a new show where he will take an even deeper dive into the many things associated with multifamily properties. In this episode Grant discusses the reason one should invest in apartments:

Why to invest in multifamily real estate: 1. Preserve capital. 2. Protect yourself long-term. 3. Multiple flows of income. 4. Leverage (debt vs. money down) 5. Expenses paid by others.

He also offers concise definitions of terminology associated with multifamily investing such as Cap Rate, Price Per Unit, Pro Forma, Trailing 12 and Debt Coverage Ratio (DCR). Grant underscores that it is incredibly important one understands all that is involved so they can have the certainty and courage to pull the trigger. He suggests starting where you live, where you can go see units and understand the area. This episode of Cardone Zone sets up a new show that Grant will do on Whatever It Takes Network focusing on creating wealth through multifamily investing. If you're wondering how you can get started tune in.

Grant Cardone offers insights and advice to help the middle class break out and achieve true freedom in business, career and finance. Each week NY Times best selling author, self made multimillionaire entrepreneur and international sales expert Grant Cardone focuses on matters affecting the middle class. Whether it's jobs and careers, finance, entrepreneurship, Grant's real, raw in-your-face delivery serves as a wake up call for anyone ok with just being comfortable. The Cardone Zone is like no other business show presently on air. After one viewing you'll be inspired to make success your duty, responsibility and obligation as you break free of the middle class and break into true freedom.

Are you going to make it to millionaire status? Grant's job is to make as many millionaires as possible in the next 20 years.

Ask Yourself: • Are you on track? • Are you talking about it? • Thinking about it? • Is it a goal? • Is it important to you?

Simple math: Net $8,334/month to have $100k at the end of the year. In 10 years you're a millionaire.

Stop trying to prevent yourself from doing the things that are setting you back, and start doing more of what will make you overcome them.

"Instead of telling yourself to eat less cookies go out and run more. You won't be eating cookies while you're running, and if you are, it won't matter." – GC

How to Become a Millionaire: 1. Have a commitment 2. Know the path 3. Get great at the pitch

Start studying millionaires. Find out what makes them who they are, what sectors they dominated, and find out why.

If you are making $60k or less, don't worry about saving money—that is not the way out. You need to focus all of your energy on increasing your income. As you focus on that you will inevitably stop spending money while you are making even more money.