The School of Greatness Overcome Your Beliefs Around Money & Begin Investing In Yourself w/Grant Cardone EP 1229
Feb 16, 2022
Grant Cardone, a powerhouse entrepreneur and bestselling author, dives into the psychology of money and personal investment. He challenges common fears surrounding finances, advocating for a shift from saving to strategic investing in oneself. Grant emphasizes the importance of continuous self-growth and rethinking traditional financial beliefs, especially in real estate. He also discusses the necessity of mental health support in decision-making and transforming ambition into empathy for a well-rounded financial journey.
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Childhood Fear of Money
- Grant Cardone describes his childhood fear of money, influenced by his frugal uncles.
- One hoarded cash, while the other focused on buying low, impacting Cardone's spending habits.
Money Multiplier Effect
- Money isn't scarce; banks multiply deposits through fractional reserve lending.
- They loan out a multiple of deposits, creating more money in circulation.
Three Money Rules
- Assume everything you know about money is wrong, then invest in yourself.
- Invest in your business and real assets that cash flow, appreciate, and offer tax shelters.
