Mick Unplugged - Grant Cardone: Why Saving Money Doesn’t Work

Starting point is 00:00:00 In my lifetime, $100 bill, if I had a $19.58, if somebody had given me $100 and I put it aside and I pulled it out today, it would say $19.58 on it and it'd be Ben Franklin on the front of it. It's worth $9. I can't save it. I'm losing money. It is impossible. You can only spend it, waste it, or invest it. That's it. The first two don't work. Welcome to Mick Unplugged. The number one podcast for self-improvement, leadership, and relentless growth. No fluff, no filters, just hard-hitting truths, unstoppable strategies, and the mindset shifts that separate the best from the rest. Ready to break limits?

Starting point is 00:00:46 Let's go. Ladies and gentlemen, welcome to another exciting episode of Mick Unplugged, and today I'm talking to one of the four pillars. that gave me the blueprint of life. He's the 10x visionary who turned rejection into real estate empires, authoring multiple bestsellers commanding stages worldwide and helping millions rewrite their money story, from humble roots in Louisiana to billion-dollar boardrooms.

Starting point is 00:01:16 Please help me welcoming the relentless, the visionary, the unstoppable, my uncle G. Mr. Grant, how are you doing today, brother? Matt, great to be with you. And so happy to hear what you're doing with your podcast. you guys are hitting top top five i think you're number three today so well done perseverance never quitting always pays off hey you know i tell people all the time there's four people that shape my business mindset my business career damon john robert irvine less brown

Starting point is 00:01:47 grant cardone you four man collectively is me right like like you guys help create this version of me that I probably didn't see. But more importantly, what you taught me was what you just said, don't ever effing give up, man. Like, life is not supposed to be easy because if it were, there'd be billions of billionaires. It would just be harder.

Starting point is 00:02:12 If it was easier, it would be harder. Right, right. Because there'd be more people to compete with. Exactly. And Grant, there's so much I want to talk to you about, but I always start with this question now. Like, what is your because? And I define your because is that thing that's deeper than your why, right?

Starting point is 00:02:32 Like, I believe your why is superficial, but there's a reason your why is your why. And I call it your because. So for today, 2025, what does Grant Cardone's because? Well, there's probably two of them, right? One of them is that when I was a kid, I didn't have anybody to help me. And I was so angry about it and frustrated and anxious and, um, And it cost me a lot, because I didn't have anybody to kind of guide me. And I wanted leadership so bad.

Starting point is 00:03:03 And I wanted somebody to show me the tricks and the inside so bad that you'll end up finding somebody. And I did. I found a drug dealer and I wasted 10 years of my life on drugs because I went the wrong path. But it's because I desired mentorship. And I see this happening to a lot of people, a lot of kids. You know, they're looking up to the ballplayers or the rappers or, you know, we make poor choices. I'm not saying those are poor choices, but they're definitely, they definitely come with a lot of risk. And one of which is you don't really have a potential to succeed.

Starting point is 00:03:38 It's very low compared to being a business person. I picked, you know, since I straightened up my life, I picked the easiest, longest path you can pick, which is business. We outlive ball players and, you know, there's, there's, there's, there's, there's, I can do this till I'm 150 years old, bro. Like, I can do real estate deals forever. I can, uh, you know, start companies by companies. Um, so that's, that's a because. The second because, which is probably just as compelling for me is my interest in my own potential. And this is a very spiritual, I have a very spiritual connection with God and my my God connection is not sitting in a pew in a church it is Monday through Sunday trying to discover my potential and the therapist called it the therapist told me I had

Starting point is 00:04:35 some problem some inadequacy and some self-worth problems yeah I'm like I am trying to discover my full worth I do not have a self-worth problem I am in pursuit of my potential that God gave me. So, you know, I don't like to settle, dude. I don't like to, like, I've achieved a bunch of stuff in my life way beyond anything I ever dreamed or imagined I would achieve. Yeah. Super grateful for it. I don't want anybody to think I'm not grateful.

Starting point is 00:05:05 I am grateful, but I am not satisfied. There you go. I love that, dude. I love that so much. And knowing your story like I do, like I probably have not researched. and been a student of someone as much as I have Grant Cardone because you taught me how to scale. You taught me the mindset that's needed to scale. But we also have something in common, man. Like, your dad told you something that my grandfather told me a long time ago as well, too.

Starting point is 00:05:33 And I think every successful person that I know, this is one of the top three pillars that they focus on or core value. And that's reputation. My grandfather told me when I was 10 years old, he said, Mickey, the only thing you have in this world is your name. And it is totally up to you what you do with it. And it's only because of what you do, of what your name is going to stand for. And today I say to people, your name is your brand. And your brand is represented by what you do, the things that you do, the stories that you tell. So I'd love for you to just hit on that too, man, because I know that's something that your dad told you as well.

Starting point is 00:06:11 Yeah, my dad told me, hey, man, protect your name, you know, what my, dad didn't know and my dad was a people person he was he would not pass a person that he did not say hi to i still do that today yeah i don't care if it's the bellman homeless person i treat everybody like they're going to be somebody i was telling jared my president of my company um yesterday i said we we need to start stressing the importance of treating people like billionaires um and my dad my dad was very much a people person he believed in the name your last name you know that name cardone grant protected and he my dad was i was 10 when my dad passed but i didn't get a lot of time with him but i do remember that now if i was with him today i would

Starting point is 00:06:56 tell him hey pops one other thing you got to get the name known bro like you know my dad would be so happy today because not only you know millions of people know my name and my dad didn't do that my dad was extremely well respected in the community everybody loved my dad and he never let anybody down did what he said didn't let his family down like you know he was a he was a pillar in the community yeah but dude they didn't know him all over the world so i'd be like look what i did man i made your name dad and your your father's name known everywhere around the world we help so many people today i'm so happy to know that i've helped you Literally billions of people with sales, marketing and closing and negotiating and real estate investing and scaling and all this stuff. But it's really, you know, some of that has been, Mike, and it's been a bit of a selfish thing that I've done, helping others, has really been me trying to understand what it is I just learned. I think the best way to actually master anything, somebody was on X the other day and said, list one thing that you've mastered. I'm like sales, marketing, social media, real estate investing, crowdfunding. They're raising kids. I'm excellent at raising kids. Okay. And those are

Starting point is 00:08:24 things that I've studied over long periods of time. And then when I studied, I got good. I went from bad. In every case, I went from bad. I was no good, had no confidence in every one of these. I was not, none of these came easy to me. I didn't understand how to do it, didn't know anything about it and then I got good and then I got better and then I got real good consistently good which is different than good and then I became oh man he's doing something special you know there's that special spot and then I started sharing that all along the way I would share with others I didn't get better because I did it more I got better because I shared it more yeah and when I start sharing nuances of what I'm doing I start seeing the around the corners

Starting point is 00:09:09 and then you become a sensei or you become a master of a craft and you have a lot to share with other people and then I end up meeting a guy named Mickey one day that don't look like me that says bro you help me yeah that's it that's it brother and I want to go to something you just said about you know you would tell your dad now your name is known right so so here's what you don't know grant and I know you know we talk a lot offline or whatever but what you don't know is that in my company, your name is an action. That's crazy. So we have these moments where we are Cardoneing or we're in our Cardone zone.

Starting point is 00:09:50 And that means like you can't mess with us, right? Like, hey, I'm in my Cardone mindset right now. Like, your name has become action within my company. And a lot of my clients, we go through that as well, too. It's like, hey, you got to get in that Cardone zone right now. Yeah. Yeah. What is the Cardone zone?

Starting point is 00:10:06 Hey, our mindset is. Oh, let me into my zone. zone. Don't let me into myself. Exactly. So we're in that mindset of pure making big things happen without distraction. Right. And so that means that we're laser focused. We're focused on one or two things, not 50 things. And I think that's where most entrepreneurs go wrong when they think about scaling. They try to fix or solve a bunch of problems. And you taught me there's usually one or two things that you really got to fix or that you got to go get to make money. And so when we in our Cardone zone, our

Starting point is 00:10:41 salespeople, they're getting checks brother. They're getting checks. They're focused on the clothes and we don't distract that because that mindset again, when you're in that zone, that has to be the mindset because it's easy to get out of it and then you start making excuses. Yeah.

Starting point is 00:10:57 Yeah. So going back to that name though, for everybody that's watching or listening, you often say obscurity is your biggest problem. Right? Like, again, I study everything you do. In today's digital chaos world that

Starting point is 00:11:13 we're in, how can entrepreneurs cut through the noise and become known? Yes. So look, obscurity, the word means, I can't it's obscure to me. I can't see it because it's out of my vision. But there's also a second definition. It's in my vision and I can't see it.

Starting point is 00:11:30 And by the way, that's most people obscurity. Like you could be across the desk from a client, which I have been thousands of times. I was with J.P. Morgan four or five years ago, I brought a client that she was worth $2 billion at the time, and I brought her up there. They didn't even pay attention to me. I was obscure to them, even though I was in the room because she was the target, not me, which is fine. It was fine in that case.

Starting point is 00:11:56 But many people, I'm sure much of your audience can, you know, attest or remember a time when you were in a sales presentation or you're trying to get somebody's attention and they can't see you. my wife the first time I met my wife 22 years ago she did not see me I was like caspar the ghost she didn't see me she wasn't looking for me I said hello to her she said hello to me but she still I was still obscure to her so this is the first level of this is way worse than rejection by the way I hear people talk about rejection they're like I hate rejection I'm like rejection is nothing compared to not being seen at all be careful what you don't like If you're being rejected, at least you were seen. Yeah.

Starting point is 00:12:39 Okay. The much more damaging thing to a business or a salesperson or anyone seeking the thing that they want is you simply are not seen. You're not acknowledged. You're not seen. You're not validated. This is the most painful part of being in business. In the beginning, no one will see your vision or your dream or even your potential, including the people that love you the most. Your mom, your dad, your uncle, your aunt, your sister.

Starting point is 00:13:06 your siblings, they will not see the new version of you because they remember when you were three years old and they had to wipe your butt. That's what they see. And mom sees the little boy version of Mickey or Grant. And even I was 50, let me see, my mom was 89. I was 50, 51 or something. My mom still saw me as a 10 year old. And I'd call it. I'd call it. I'd call it. I'd call it. I'd call it. I'd call up and say, mom, I just did this big real estate deal. I love you just the way you are, son. She would always say that. And I'm like, yeah, but mom, I appreciate that. But I don't love me just the way I am. I want that next version. I didn't hate myself. It wasn't like I hated me, but I wanted that next version really, really bad. And so the obscurity thing, look, you can't do

Starting point is 00:14:01 anything without a who. You can have all the wise in the world. You can have because, does is if you don't figure out how to get other people to know who you are uh you're not going any place in this planet okay there is no such thing as independency independence i'm july fourth is independence day you ain't independent but kill quit kidding yourself yeah we are dependent upon one another black white brown male female other countries you need other people folks yeah this idea that you're going to be the boss and you're not going to need anybody and you're going to work for yourself this is this is ridiculous i've never met a human being in my life that works for themselves i was on the phone

Starting point is 00:14:48 last night with the guy he's worth 18 billion dollars he is the wealthiest biotech guy in the world i can call him anytime i want get him on the phone he gives me advice he is dependent upon other people right and so who you know is very very important Who knows you is like a hundred times more important. Who knows you and what do they know you for? Do they know you for showing up late, just doing the job? Or do they know you for coming in early, staying late, breaking the mole, doing exceptional things? And if they don't, the way to find that out, by the way, people should be complimenting you.

Starting point is 00:15:32 Well, first of all, if you work for another company, if people aren't trying to hire you away, you're no good at your job. job. Yep. And if they're if they're asking you to come work for you, then you're really not that good at your job because once you get to that mastery level, people will, people will know you're not for sale anymore. What they'll ask you is this, man, can you teach my people how to do this? They'll ask you, what do you eat, dude? What do you learn? What are you reading? They're going to be, they're going to take interest in this special sauce that you supposedly have because they can see it. And that's how they define who you are because they now see something exceptional. They ran to that, dude.

Starting point is 00:16:11 And, you know, I was going to go here towards the end, but I want to go here now. Bro, then we started this now. There's no schedule now. Oh, for sure, for sure. So if, and this is for everybody that's listening or watching, if you haven't been to a 10x growth conference, like go online right now. You all know Grant Cart. Just Google them. You'll see one of the next.

Starting point is 00:16:32 Like, you have to. to go and then you're going to go to many because when you talk about the obscurity and being seen and letting people know you, that's what your conferences are about, bro. Like, it's that network that's building your net worth. It's about, and I tell people this, there are many times. I don't care what level you are. If you're continuously trying to level up, and if you are obsessed with that, like Grant Cardone is, right? You've got to start surrounding yourself with different people. And your conferences, bro, like the people that you are surrounded with, I don't care what level you are. There's people that are at the next level that

Starting point is 00:17:13 you're trying to get to. And, you know, you were talking about not being seen or your family sees you the way that they've always seen you. So do your friends. Sometimes so do your employees if you're an entrepreneur. Doesn't mean you need to change your employees, right? But it also means you've got to look at who's in your circle. Because if you're trying to level up, your circle can't go with you most of the time. I've never seen it where a group of 10 people all level up together. There's usually one or two to say, okay, I see the next version of myself. I can't stay right here because you only see this version. I love for you to take a few moments and just talk about that. Yeah, look, they're not coming with you. I have never seen it. Okay, if you've seen it,

Starting point is 00:17:51 I've never seen it. If there's 10 guys in a circle, only one's getting out. Okay. And the other nine are not going to come. No. They're not coming. And they're reaching for that person trying to pull them back down all the time they want you to come back they even say it you you'll hear this you'll hear this you'll hear this in communities that are suffering they'll be like why did he go off and make it big and not come back man he left he made it big and he didn't come back and I'm like bro his job isn't to come back your job is to go to him now Tyler Perry I said Tyler how many people came with you he's like none of them came with me they didn't think I would do this and I said how many of them want you to go back home he's like all of them I said it's not your job he's like

Starting point is 00:18:33 I love that, man. It's not your job to go back. It's the community's job to leave. Jesus left his home. Okay, Jesus could not pitch his deal where he lived. He had to go to strangers in order to be seen. And then he went along the road. He suffered along the way. Okay, he went by himself. He didn't make any excuses. He created tremendous amounts of miracles along the way. And he told other people, go and tell the others what you saw happen. here. Yeah. And, and, and, and then he gathered people along the way. And he ends up being a posse. And by the way, some of that posse was no good. Yeah. But by the way, if we didn't have the betrayal, we wouldn't know him. So, so, so literally like, you know, the road is going to be lonely. Yep. You have to leave the people you know. I have gone from a guy that couldn't

Starting point is 00:19:28 make two grand a month to a guy that made three thousand a month to four thousand a month. All way up like this has not been i've never ever connected with a bank nobody's giving me a handout i'm not don't trump fred didn't give me 10 million or 100 i i didn't have any credit i didn't have any connections i mean i did have some things going for me yeah i'm white and i'm a male but after that bro like i had i ruined my reputation because of those 10 years of drugs i lived in a small town a refinery town you either worked with the unions or you didn't really have opportunity there i didn't have any natural gifts i was terrible in school um but i had one thing i had this disgust for myself because i knew god wanted more for me than i than i than i was delivering in the marketplace

Starting point is 00:20:17 and so at 25 years old i just decided i am not going to live like this i have to become something um and i quit looking for vehicles to get in that made me look better i don't know if that makes sense to you. I quit looking for shoes to make me look better or a suit to make me look better or a job to make me look better. I said, I'm going to take what I have and I'm going to look better. And I happened to be selling cars at the time. I had an accounting degree, five years getting an accounting degree that I was proud of. And if you have an accounting degree selling cars is a step down, like six steps down. Right. Even my family said, what are you doing selling cars? Do you got a degree in accounting? And,

Starting point is 00:21:02 And school was very easy for me. I wasn't good at school, but it was always very easy for me. And I was in the wrong town. I cannot tell people this enough. I was in the wrong location. If I would have been born in New York City, I would be worth $50 million today. It would be worth 40 or 50 times what I'm worth today. I was born in the wrong location, okay?

Starting point is 00:21:28 Because there's only so much opportunity there. Like if I was, if I was born in the Gaza Strip in 2025, you know, be stuck in the Gaza Strip. It wouldn't matter how much potential I have. So you guys have to get, you have to get in the right place. You've got to be in the right place where things are happening where there's money and movement and possibility and potential. And you need to be with the right people because if you're not with the right people, levels up will not hate on you. Nope. Sideways and down will hate on you.

Starting point is 00:21:59 All the time. And your mom, let me tell you, the first level of resistance is your family. The ones you love the most will hold you back the most. They will, bro. They don't even know they're holding you back. Yeah. Okay, they don't want you to do better. They want you to stay the way they are, the way you are.

Starting point is 00:22:18 I'm a father of two kids. My two daughters are 13 and 16 right now, and I find myself not wanting them to grow up because I'm selfish. I'm a selfish dad, right? I want those times back when they, you know, but, bro, like, I know I got to let them go and I got to let them grow and, you know, the best thing I can do as a parent is give them the example of never, ever being satisfied. And that means leave where you are and know that you're going to leave a bunch of people

Starting point is 00:22:48 behind and probably most of them. Last part of this, Mickey, I'll tell you, because you got me talking now, a friend of my name, Dale Christensen, he was 52 years old. I was at the time, I guess I was 35, he was 52 at the time, maybe I was 42 years old. He was 52, he's 10 years older than me. He had $52 to his name, and he was 52 years old, and he was a therapist. And the guy had helped me a bunch. He'd help me come out of the drug problem and everything. We lived in La Jolla, California. He was going through a divorce. He literally had $52, and he was $52. years old. And I just started buying real estate. And I bought two deals. And the guy, Rudy, Rudy Medina,

Starting point is 00:23:35 that I'd given a chance to buy some real estate with, quit calling me. Because he thought I'd bought two deals. He thought I was done. Now, I was $5 billion for the real estate today. So he thought I was done after like $4 million. He quit on me. He didn't quit, but he just kind of checked out and started looking for other opportunities, what I call vehicles. I hung up the phone with Rudy. I said, dude, I told you I'm going to blow this thing up. Keep finding deals. I hung up. I was pissed off. And Dale's sitting across the desk from me because he always hung out with me. And he says, if I do for you, what Rudy used to do for you, can I get a deal? Now, Dale didn't know anything about real estate. He was good with a hammer. He's good with plumbing. You got to be because you

Starting point is 00:24:22 don't have any money. If you don't have any money, you got to learn how to fix your own stuff. Right. Right. And I said, Dale, do the same thing for me that Rudy did. I'll give you 25% of the company. I'll buy it. I need a 12% return. I'll give you 25% above that. He made $11 million in 11 years. Okay. Wow. No, in under 10 years. Wow. Today, now what he did, I hope Dale sees this. What he did, after he did that for 10 years with me, he started doing his own. deals. After I helped him, he called me up with that. I'm doing a deal. I'm closing on a deal. I'm like, why am I not involved in it? He's like, I want to do this one by myself. I'm like, okay. And that was the last deal we did. So I went on and grew, but he ended up getting what he wanted. We're still friends today. But the point is, when I called him yesterday, because I always want to stay in touch with people that I've left, he picked up the phone. He says, now he's watching my whole run for 40 years now, okay?

Starting point is 00:25:26 He's seen it all, way more than you've seen. He's seen all the suffering, the struggles. And he said to him, he's like, you're feeling pretty good about yourself right now, aren't you? Because he watched the growth, you know? Right. I love it, brother. I love it.

Starting point is 00:25:40 So I want to hit this topic because I'm going to tell you how you changed my life now. And I've never told you this. I'm going to tell you now. And it was a simple mindset shift for me. you said everybody in the world talks to you about saving money

Starting point is 00:25:58 you can't save it unless you make it and then when you make it you don't need to be saving you need to be investing and I sat there and I said that's all I needed to hear

Starting point is 00:26:10 yeah go freaking make money yeah talk to us about that mindset let's tweak in a little bit all right this is huge man you don't need to make money

Starting point is 00:26:21 you need to get money okay now a lot of people are going out there believing they need to make money if you keep saying you got to make money first of all it's against a law to make money well okay it's called counterfeiting okay and this is this is so important I've made billions of dollars when I dropped this yep I finally understood I did not need to do

Starting point is 00:26:44 anything except collect money I need to be seen I need to get in front of it I need to get with it but I don't need to like make it right I need to show up I need to be in the cycle now the first thing that's going to do for everybody is like that ain't that's not at your house there is no money at your house I have never ever made money for my home I'm in my house today but and we're set up like an office here and I got a couple offices down the street but you understand my point like you're not going to walk home one night and 10 million dollars is going to jump out of the

Starting point is 00:27:21 money is not going to be waiting for you. Right. No, it's not. So, so, so you, but you don't, and you don't have to make it, right? If I ask you to give me $100 right now, you'd give it to me. If I could do that a thousand times, you know, and I can repeat that activity, the panhandler, he doesn't make money. He just goes out and says, hey, give me money, right? So, so one, you don't make it. There's so many things we don't understand about money that complicates the whole thing. You don't make it, and you certainly cannot save it. It's impossible. The banks, if I was president of the United States, I would remember.

Starting point is 00:27:51 move that term. My first day in office, I would put on every dollar bill. This is impossible to save. So quit trying to do it. When you guys leave money at Bank of America, Wells Fargo, J.P. Morgan, Goldman, Sack, whatever the bank you're leaving your money at, bro, they ain't keeping it there. They're calling me, they're giving it to guys like me. Now, I didn't know this when I grew up. Okay. My financial indoctrination came from a woman that had no financial literacy. Wow. So my dad died.

Starting point is 00:28:27 He left some money. I don't know, maybe a hundred grand or something. Still don't know what it is today because my mom would never talk about money, ever. Don't talk about money. Don't talk about religion. Don't talk about politics, okay?

Starting point is 00:28:38 If you don't talk about those three things, you cannot ever improve the quality of your life. You have to talk about money. You've got to talk about politics. And if you have a religion, you ought to freaking tell people about it because why you hide it? Right. Right. So is it going to offend somebody? Maybe they're not going to do business with you. If your religion offends them, they won't go to do business with you anyway.

Starting point is 00:28:59 So my mom was like, we've got to save the money, save the money, save the money, save the money, save the money, save the money, save the money. That's a defensive act. Yeah. Okay. I'm trying to prevent myself from getting something. You can't do both at the same time. So now me, this is where me and Dave Ramsey like kind of buck, you know, boom. Like, what do you mean don't save money, you know? Because you can't. In my lifetime, $100 bill, if I had a $19.58, if somebody had given me $100 and I put it aside and I pulled it out today, it would say $1958 on it and it'd be Ben Franklin on the front of it. It's worth $9. I can't save it.

Starting point is 00:29:37 I'm losing money. It is impossible. You can only spend it, waste it, or invest it. That's it. The first two don't work. Okay. So for 40 years. years, when I get $100, I take $20 and live off of it, and 80% of it I invest.

Starting point is 00:29:58 If people could figure out how to do that, literally, for every $1,800 gets invested, and I live off of $200. The $800 is going to create passive income for me, so it starts replacing my earned income, what people call making money. It's going to replace my earned income. So now at some point, three or four years into this, I'm going to have earned income and passive income, I'll have both of them working, but I'm always broke. I literally have no money on me today.

Starting point is 00:30:27 So if I wanted something today and I wanted to go out and buy something, I'd either have to figure out how to get the person selling it to me to give me terms, or I'd have to get you, Mickey, and your audience to help raise money to get it. So don't save money. Don't even try to because you can't. I got you. And if you don't have any money, what you're going to be doing all the time is earning money. Yeah.

Starting point is 00:30:56 Yeah. That's it. That's it, man. And you also taught me the difference between credit and good credit, right? Like, you have this philosophy that if you put something on a credit card, you're not paying any interest, right? Like, you are literally paying it off within the first due date. 30 days. Talk to people about why that's so important.

Starting point is 00:31:24 Well, because I mean, I'm not, you know, first of all, I'm back up a second. You know, I am never going to improve the quality of my life or living standards from earned income, ever. Like, if people would figure out how to do this, I only improve the quality of my life through passive income. So if I get passive income, I can spend it. on anything I want to. I can be as dumb as I want. If I earn income, if I earn $10,000, okay, I will not spend it on anything or anyone. No one gets that 10 grand. I earned it from Bob. By the way, that's other people's money. Earning is other people's money. So you guys are like, I don't like debt. All money is debt. All of it. Yes. It's all debt. Every penny you have.

Starting point is 00:32:17 You guys are being silly. Like, I'm not going to have any debt. I'm going to pay my house up. You live in a country that's $36 trillion of debt. There's another couple hundred trillion dollars of debt nationwide. Okay. If you're the only, you're going to be the only one with anything paid off because everybody else has it. Okay.

Starting point is 00:32:35 Now, I do not have debt on consumption items. I will never owe a penny to a bank or a credit card for something I'm merely consuming or living off of. I'm in this house today. paid for in cash. All my other real estate has debt on it. So if I get $10,000 in, I'm going to take $8,000 and I'm going to go buy something that's an investment that has passive income. And so the $8,000, let's say, pays me $48 this month. That's the only thing I'm going to go earn money. I'm going to go earn $10,000 again, and I got $48 coming in passive. Only thing I can spend that month is $48. And you're like, I can't, I can't pay my rent with $48. Guess what? You're going

Starting point is 00:33:17 have to hustle more tens you're going to have to work to get more 10,000s to make more $8,000 investments to get whatever the 400 it'd probably be like $400 a month coming in I do that twice I got $800 coming in I do it three times I got $2,400 coming in I'll pay my rent like that but I'm not going to improve the quality of my life from earned income I'm going to improve the quality of my life only from my investments and if you do that you'll never spend your earned all of it turns into an investment the investment income if you do the right things and buy the right kind of investments that have passive income and tax write-offs you'll reduce your tax bill and you'll start creating passive income that can live they can take care of your living while you're alive and can take care of those you love when you're not amen brother i don't know if that was too much too quick but nope that was that is that is that is my little hack that is my little hack by the way it is is financial advice. I know a lot of these financial planners will not. They want to be your advisor, but then they say this is not financial advice. What I just gave everybody is a billion

Starting point is 00:34:27 dollars of financial advice. Given to you by Uncle G himself. These are the conversations that you want to be having. This is the mindset that you need if you are trying to do the 10x life. Grant Matt, I want to end it with this. For the entrepreneur this list, and watching. And I'm going to shout out one of my clients, Tom Larson, insurance agent in upstate New York. If he's trying to scale his business today, right, what's one piece of advice that Tom Larson, the insurance agent, needs to know so that he can start to scale? Go buy 10 of you. Go buy 10 Tom Larson's. Easiest way to scale your business is to buy it. that's the easiest way everybody should be thinking about you got a laundry mat go buy 10 of your laundry mats

Starting point is 00:35:21 there's 32 million small businesses in america and most of them don't even want to be in business the kids don't want to run the businesses they're broken they're tired they're branded they're already set up they're in place you can literally buy these companies for no money i bought a company three and a half years ago called streamline uh from a guy named gary Brecca. You might have seen it. It was called 10x health system now. Damon's actually going to do something similar to this, I think, but, or trying to. And we took that company. We paid Gary out of future earnings and took over a majority of the company, and now we have it all. But that company will do, I don't know, $14 million

Starting point is 00:36:09 this year, this month, and we didn't, I didn't start a company. I would tell all you guys, quit trying to start stuff from scratch, man. Go getting something that's already moving. I tell people that all the time. Yeah, I'm like, it's all around you, by the way. It's everywhere. If you look for it, you can see it. But if you don't look for it, you won't see it.

Starting point is 00:36:35 Yeah. Look for opportunities that are easier, faster. and all the hard the early stage hard work is already done. I'm not going to say all the hard work is done, but the early stage hard work and the customer acquisition has already been figured out

Starting point is 00:36:51 that you can go and enhance. Branding and marketing probably you can go in enhance, but the early stage hard work is already done. You're fixing stuff, not starting stuff. And by the way, the hard thing, if you guys are trying to avoid hard, you're on the wrong planet.

Starting point is 00:37:07 Right. gravity gravity's a bitch you know like yeah wait until you get older and see what that does to you hard yeah okay it's hard it's hard it's all hard it's hard if you got a billion dollars and it's hard if you broke i've been both of them i've done both of these and i'm just telling you it's better to have hard at a billion dollars than it is hard at no money yes sir yes sir well uncle g man i appreciate you so much i'm going to put links to all your websites know who knows who grant cardone is i don't have to say where can they find you and follow you they already know you are but i'm going to put links to your website to your books to your courses

Starting point is 00:37:47 everything that you're doing i'm going to make sure we have in the show notes and descriptions but any final words you want to give anyone the audience viewers listeners anything you can do you can't do everything you can do anything but you cannot do everything and um you know i I write my goals still today. I write my goals in the morning. I write them down at night. I write them down when I'm disappointed. Right.

Starting point is 00:38:13 I had a meeting this morning. It was very disappointing. And after the meeting, I'm like, okay, don't worry about that meeting. Where are you going? Where are you going? Get back to your goals. Where's that rear, that windshield in front of you? What's the destination?

Starting point is 00:38:28 What's the target? If you can stay focused on the target and get other people around you or at least study other people that have achieved bigger target. don't listen to the people in the back seat bro they sitting back there for a reason there it is i love it i love it uncle g i know you're busy man i'm just blessed that you took a few moments out of your hectic schedule to spend with me i know you probably headed off flying somewhere i love you from the bottom of my soul thank you for everything that you have done for me and that you mean to me i love you brother appreciate you mike thanks a lot man

Starting point is 00:39:02 thanks for having me and for all the viewers and listeners remember you're because superpower. Go unleash it. Thanks for tuning in to this episode of Mick Unplugged. If today hits you hard, then imagine what's next. Be sure to subscribe, rate, and share this with someone who needs it. And most of all, make a plan, and take action. Because the next level is already waiting for you. Have a question or insight to share? Send us an email to hello at mickunplugged.com. Until next time, ask yourself how you can step up.

Mick Unplugged - Grant Cardone: Why Saving Money Doesn’t Work

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