Grant Cardone, bestselling author and entrepreneur, shares the wealth creation formula and the importance of redefining middle-class. He emphasizes that wealth is achievable for anyone, no matter their background. The podcast also highlights the significance of positive influences and book pre-orders.
Read more
AI Summary
AI Chapters
Episode notes
auto_awesome
Podcast summary created with Snipd AI
Quick takeaways
Wealth creation is tied to health, not just money.
The middle class is a myth, one should aim for wealth freedom by setting bigger targets and finding multiple routes to achieve financial goals.
Deep dives
The Wealth Creation Formula
Grant Cardone shares the wealth creation formula, emphasizing that wealth comes from the word 'health' and not from money. He talks about the three phases to building wealth: Phase one is doing work for others, phase two is owning a business or asset, and phase three is creating value and wealth through networks and assets. Grant explains that the middle class is a myth and encourages setting bigger targets for wealth freedom. He provides a nine-step formula for increasing income and net worth, emphasizing the importance of doing the math and finding different routes to the desired financial goal.
From Middle Class to Wealthy
Grant challenges the mindset of going from middle class to wealthy and highlights that the middle class is often trapped by debt and lacks true financial freedom. He stresses that the goal should be wealth freedom, not just a certain number, and encourages determining the target number required for wealth freedom. Grant explains that the key is to find multiple ways to reach the target, whether through many customers or different income streams. He emphasizes the importance of aiming high and not getting caught in the trap of settling for a job or a limited financial outlook.
The Power of Having a Big Target
Grant encourages setting ambitious targets for wealth, emphasizing that anyone can achieve wealth, regardless of their background or circumstances. He advises focusing on building income, increasing it, and investing in assets. Grant underscores that wealth gives people options and the ability to take care of their loved ones. He challenges the notion that money alone brings happiness, emphasizing that wealth provides opportunities and security. Grant also mentions his upcoming book on wealth creation and invites listeners to pre-order it.
Grant Cardone is the bestselling author of The 10X Rule and If You’re Not First, You’re Last as well as a sales trainer, speaker, and entrepreneur who has worked in real estate and the auto industry. He is a real estate mogul who built his over 4 Billions portfolio of multifamily properties from scratch. Moreover he was named the #1 marketer to watch in 2017 by Forbes Magazine.
Top 3 Value Bombs
1. The wealth creation formula is based on the idea that wealth is tied to health, not just money
2. It is crucial to rethink what it means to be middle-class and plan for your financial future accordingly.
3. Wealth is achievable for anyone, no matter where you come from or who you are.
HubSpot The HubSpot Sales Hub supercharges your sales process so you can find, track, and close deals all in one powerful, easy-to-use platform. Make the switch to HubSpot Sales Hub at HubSpot.com/sales.
Thought-Leader Ever thought about giving a TEDx talk? Visit Thought-Leader.com/fire to join a free training and learn how to land a TEDx Talk and spread your message to millions
ZipRecruiter Four out of five employers who post on ZipRecruiter get a quality candidate within the first day! See for yourself... Go to this exclusive web address to try ZipRecruiter for free: ZipRecruiter.com/fire
Get the Snipd podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered podcast player
Listen to all your favourite podcasts with AI-powered features
Discover highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share & Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered podcast player
Listen to all your favourite podcasts with AI-powered features
Discover highlights
Listen to the best highlights from the podcasts you love and dive into the full episode