OK, SO THIS IS HOW YOU GET YOUR MONEY FIXED. (This lecture is Credited to Grant Cardone)

 

OK, SO THIS IS HOW YOU GET YOUR MONEY FIXED. (This lecture is Credited to Grant Cardone)

Number One: Never Spend It Until You Get It.

All this translates to every department. By the way, this is exactly how I run every department, how we cash flow companies, how we make decisions on when to spend money on advertising. I don't count a deal closed, I don't count money in until the money's in.

So until you could sign the deal and these guys are gonna split a suite, I'm like that didn't happen yet. When you guys give me a credit card and it goes through, I’m suspect of your Sir. Once it goes through and the money hits my account, then I can spend that money. I don't spend tomorrow's money.

Number 2: 40% Rule.

I wish you could figure out this 40% rule that most people just completely don't get. Assuming you got 100% of your money and 40% goes to the IRS; our friends over at the IRS. Who hates them? Say 10X if you hate the IRS.🙄🙄🙄🙄😏🙄🙄 Oh my God, Democrats and Republicans come together. lol😁😁😁

Man, if you'll pay them, you should at least pay yourself 40%, everybody agrees? 🙄🙄 You figured out how to pay these people.. They don't trust you that's why they take it out of the check before you can get the check. The law says I have to withhold from you. They don't trust you, man.

You work for me. I have to withhold from you before you get your money so they get their piece first. That is a good financial decision. I paid them good, you gotta pay Cesar that's what Jesus said. Pay him OK. And then what? Then you pay you and you live on this and this is where it becomes difficult. You live on the 20% and you do not change your standard of living until the quantity of the 20% changes.

So I don't rent the Lamborghini, Dude that's a stupid man. Like what are you doing? What are you doing man? What are you doing? You are like “oh, it's no big deal. It's just 1700 bucks” but do you know what it says to me “Hey I'm not disciplined with my money.” I'm just saying.

You gotta be disciplined with money. If you cheat on your money, it will cheat on you. You ignore your money, it will ignore you. If you don't take care of it. It won't take care of you. How many believe this? 🙄🙄

Rich people, rich people as much as you might not like them. Yeah, their kids got drug problems, and their marriage is falling apart, but people who accumulate a lot of money paid attention to the money. At least they did that part. Unfortunately, they didn't figure out the marriage, they didn't figure out the kids, but that's got nothing to do with money. That's because they didn't take the time to figure out the other games too.

So look, this is the game right here. I did not change my level of living until this number [20%] changed. I've always paid the IRS. I've been audited 4 times, and they can't get anything from me. I think they got 1500 bucks from me on one of the audits. They always get something. I mean, you just throw them something “here fetch.😂😁🤣”

This is how I make my decisions in the business. This is what I'm doing. I'm like OK 40% in my business goes to the biz to advertising to marketing. Spend it all.

When money is coming into the business and it’s just running to me, I'm not keeping that for me to live on, I'm keeping that for the business to live on, feed the business, feed the beast. How many of you read the book, be obsessed or be average? 🙄🙄🙄 It says to feed the beast, that's the beast. Feed the beast, feed the advertising, feed the marketing, and what happens is you end up broke. You can't live down here on 20%. So what do you have to do?

If you can't live on this, what do you have to do? You gotta either lower your standard of living, control your standard of living or you gotta increase that 100%. Yeah, so you know, you're not out buying Richard Mille watches and roses and jets and blah blah blah.

And Gucci belts, you got YL on your belt, that ain't your initials, what are you doing man,? 🙄🙄 And you're not faking me out, It's not like you're tricking somebody with your Gucci shoes.

You know, it's not gonna get you a meeting. Everybody agrees with that.😁😂🤣🙄🙄. It's just not gonna get you anything. “Ohh man, you look really good”, yeah so what? What do you got to say? What's your product? What's your offer? How does it solve my problem? That's all I really care about at the end of the day.

OK #3, If You Can't Write It Off, This Is Just A Great Principle. If You Can't Write It Off. Don't Buy It:

So, these are screens. They're little filters, right? It doesn't mean that I will never violate these, it means I gotta have some position to start trying to live off of this. If I can't write it off, I'm not going to buy it, right? So like, what do I do? Also, if I could write it off, I'm more inclined to buy it

#4 Rent And Lease, Don't Own:

You don't need to own any of this stuff. Just use it.

#5, Stabilize And Grow Your First Flow Before Adding A Second One:

Don't go work on a second flow outside of your company, work on a second flow inside your company. How many of you have seen somebody leave their hustle to go get a second gig. I mean, this is really people selling baseball cards now. They Spend 3 hours finding something on eBay to flip like what? What are you doing, man? You could have earned that in your current hustle

You could have earned that 40 bucks at your job that day. Like, why am I going after hours to figure out a side hustle? When I was in my hustle for eight hours? Does it mean that you resent where you work that much that you are like “uh, oh, I'm going to go do this other thing at night. Oh, I just made $40 and it took me four hours and that's $10 an hour. The guy I worked for today paid me $28 an hour.” Like, it doesn't even make sense, the math didn't even work. But that advice is rampant in society today.

 

Number six: The 47% RULE

Look, if you're going to put 40 hours in at work, how many of you work 40 hours a week? Let me see your hand. If you work at least 40 hours a week? Okay. How many of you in the room works 60 hours a week? Good for you. How much work? 80 hours a week? How many of you complain about it? Shit quit complaining, man, you should be bragging about it. There's going to be a day when you can't work. You're going to wake up one day and say, “I wish I could go to work. Nothing works anymore.” So quit complaining about it. I always say, “Man, you bragging or complaining.”

I work a hundred hours a week, I remember when I was part-time. I remember when I couldn't think big. Every super-successful person that I've studied talks about hundred hours work weeks, 40 hours work weeks, thousand hour work weeks, burning late. Bill gates said, “I would grab something to eat, I would fall asleep and I would write code. And that's all I did. I ate and I wrote code. And if I couldn't write code, I went to sleep.” The thinking is giant and massive, okay.”

When China was ripping bill gates off at Microsoft, He was like, if they're going to steal it, we want to make sure it's Microsoft. And I was like, man, the thinking's brilliant. Right? It's like if you're going to rip anything off, make sure you're ripping our product off. So change your thinking. The 47% rule means when I spend 40 hours working for somebody spend at least seven hours working on myself every week, an hour a day.

All these guys talk about reading books. Warren buffet talks about reading three and four hours a day. Read! There are guys that are actually saying they don't read anything, bragging about it “I'd never read. I've never read anything. Books are for idiots.” Well look, all these super successful people that built billion-dollar businesses are reading and they got smart people around them. Who doesn't like reading in the room? Yeah, well, good for you. Billy boy reads okay. You got to read folks, you got to read, and it doesn't matter if you want to do it or not. I don't like to work out either, so what? 🙄🙄🙄

 

No. 7 Stay broke;

Y'all gotta stay broke, man. Cash is garbage. You don't need money. You don't need cash. Cash is trash. Your mommy and daddy didn't know this, cash is garbage, It is trash, take it out. It is worthless until it is put to work.

Okay, listen to me. Money is worthless until it is put to work. Money is useless until it is used. It's a piece of paper okay. We act like it's sacred and I got to keep it and protect it. If you look up the word, it comes from current and current flows. It has to be in circulation, right? It's plentiful. It's a piece of paper. It's only valuable when I take it out of my pocket, get it out of the system, and put it to work. If I give it to the bank if I call up Wells Fargo today and say here are a hundred dollars. They're going to convert it instantly into digits and then they will send it out nine times almost 10 X,

 

Number Eight; Never Lose Money.

Now, if I leave this a hundred dollars right here on this table, on this podium, is there a chance I'm gonna lose that money? If I go buy a piece of marketing, I am already sticking it to a multiplier. if you're sitting around with cash in your wallet, if you're in sitting around with cash, you're going to lose the money. If you leave your money in the bank, you're losing money. You're going to negative rates. Germany's negative rates right now. Japan has been negative for three or four or five years. We will go negative in this country right now. You're at 0.0012 with the bank. You're earning one-eighth of 1%. So compound interest in the seventies was a real thing that does not exist today.

You can't compound a fraction of a 1% and expect anything to happen okay. Cash flow is what you want. You don't want cash. You want cash flow. Dr. Karla and I belong to the same church and he injects cells in my body, I got some knee problems and twice a year I go to Dallas and he gives me an injection and he says it works and I crossed my fingers and hope it works. You know? He's like, Hey, how's it working grant? I said I don't know. I think it's working. I want it to work okay.

 

Number 10: Never Quit Until You Achieve Your Goals.

Never give up on your financial goals until you achieve your financial goals. There's people in this room, folks that are going to be worth billions of dollars. There's a billionaire in this room right now. I guarantee you it could be two or three up billionaires in the making right here. Okay. Questioning. Who's it going to be now? How many believe this? Somebody in this room made a decision, I'm going to put together a billion dollars. How many believe that? Everybody in the room believes it's possible. You might not think it's possible for you, but you know, it's possible. Which means what? The money's available. Would you do good things with that billion dollars? Okay you know that about yourself. You don't know about the guy sitting next to you. So, you know, somebody could do it and you know, if you did it, you would do good things with it, Right? So go do it man cause the money's out there. There's plenty of that. We live in a country that's rich and the people have scarcity in your minds.

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