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Grant Cardone
00:00:00 - 00:00:24
I'm getting ready to go in and do a meeting for my sales team. They're on the phone every day. They think I'm going in there to talk about sales. I'm going in there to talk about money because if you don't have your money right, if you're not thinking about money correctly, guess what? You're never gonna make a sale. You're never gonna push through the objections and the barriers and the hang ups and everything that goes on the sale. It's a disappointing job. It's a tough job. It's a crazy job.
Grant Cardone
00:00:24 - 00:00:39
It's like being an actor. K? Why would anybody be an actor after they go on a 100 auditions? Nobody ever picks them. They're like, I'm done. The only reason you wanna do that is cause you wanna be a superstar. Okay, guys. So this is what I wanna do. I wanna talk to you about money today, not sales. Alright.
Grant Cardone
00:00:39 - 00:01:27
If you don't get the money right, you're not gonna make the sale. Period. Okay? $1,000,000, a $1,000,000. Peter Thiel, $2,800,000,000 Peter Thiel said the single digit millionaire you know what that means? Mhmm. Guy with $1,000,000 or 2 or 3 or 4 cannot even provide his family with proper defense legal defense in America. Much less much less emergencies, divorces, you know, major lawsuits, business lawsuits, issues happening, 2 kids going to college. So what he's saying is this. Okay? It became a very, very controversial article because he's like rich dude scratching fingers on the chalkboard.
Grant Cardone
00:01:28 - 00:01:39
This slides. Okay? He's saying, hey, man. If you got a $1,000,000, you're basically just a freaking deadbeat. And that your daddy didn't tell you that. Your daddy's like, oh, man. A $1,000,000. A $1,000,000. You and the money.
Grant Cardone
00:01:39 - 00:02:02
So what I wanna do is I just wanna I'm gonna show you today how to get through all this rejection and disappointment, discouragements, the hang ups. You gotta change the way you look at money. This is not money right here. Okay? This is not money. This is just dumbness. This is you not making a decision. This is you being lazy saying, man, a $1,000,000 and I'd be set. Just do the math on a $1,000,000.
Grant Cardone
00:02:02 - 00:02:21
I did this when I was 34 years old. $1,000,000. If you didn't have any more income and you were how old are you? 27. 27 years old and you didn't have any income, $1,000,000. A $1,000,000. What does that say right there? Income. Oh, no income. 0 income.
Grant Cardone
00:02:21 - 00:02:45
K. You're 27 years old. I'm gonna do this 47. I'm a do it at, at at at at 65. Okay? 27. You don't have any more income. How long would that money last? If $4,000 a month, you got 25 years. Where can you live on $4,000 a month? By the way, 4,000 a month assumes no other income.
Grant Cardone
00:02:45 - 00:03:15
Social Security system's broken. Medicare is broken because they are already. It's just a matter of when. Probably gonna happen in most of your lifetimes. You'd have to live on $4,000 a month for 25 years. You will be 52 years old, my friend, and dead broke. Okay? $4 a month $4 a month is is is what? $1,000 a week? You're spending probably $900 a month on groceries. 20 what's your rent? 3000.
Grant Cardone
00:03:16 - 00:03:40
You got like 12 years left and you're a millionaire Everybody's like, oh my god, the iconic millionaire. You're wealthy. You're not wealthy, dude. You're worried is what you are. Okay, because you don't have new income So so watch what happens. What what what happens if there's an accident a major car accident? Are you married? K. Married kids? Okay. The 2 kids will cost a 1,005 each to get through college.
Grant Cardone
00:03:40 - 00:04:30
So you're busted. You understand? So when you come to work in the morning, you're like, man, I need to make 80 grand this year I need to make 8,000 or 10,000. You guys got to change your think on money Like if you want to make real money if you're 47 years old you have until 62 to live if you're 65 years old by the way and Anything bad happens like anything you lose your job you lose your income if there's any inflation This this equation right here doesn't assume any inflation It assumes everything stays the same and his rent never goes up. His car payments don't go up. Nothing goes up It's impossible. It's an impossible cycle The problem is nobody talks about this because nobody wants to go on TV and say, hey, millionaires are basically middle class people that are worried about money. So when I did the math at 33 years old, I'm like, dude, I need a lot of money. This is where the whole 10 x concept comes up from.
Grant Cardone
00:04:30 - 00:04:57
Alright. Hey, man. What if what if it took 10,000,000? By the way, I think that's the number. CNBC says it's 5,000,000. I think the number's really 10,000,000. Okay? 10,000,000 with no new income, you could probably live the life you wanted to. So how would you get that if that's the number? Because this is clearly not the number. Everybody agree with that By the way, if you make 40 grand a year for the next 25 years, you're gonna make $1,000,000 Anyway, You're gonna make the money.