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Home Columns Monthly Motivation

3 Secrets of the Most Wealthy

Grant Cardone by Grant Cardone
October 1, 2021
in Monthly Motivation
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“The reason you don’t have money today is not because you’re lazy, not because you’re not disciplined, not because you’re stupid … you have the wrong information.” Grant Cardone

The wealthy don’t do what the rest of us are told to do, so I’m going to share with you the secrets of the most wealthy. If you want to be in the top 1%, someone who makes 10x more than the average Joe, someone who has the drive to always do more, go bigger, then you’ve gotta keep reading to find out what you need to do to become one of the wealthy.

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The wealthy break cycles, they help others, they create jobs, they invest in themselves, they connect with other wealthy people and have a bigger vision than others.[gap]

Surround yourself with winners who care about the future, making money, building generational wealth … and creating financial freedom.

Now, before I get into it, there are four things you need to know:

  • Anyone can be a millionaire.
  • Anyone can have financial freedom.
  • They are not the same thing.
  • Production, discipline and the group you hang with will determine how long each takes.

 

[gap]Secret #1: Forget the Status Quo.

The Status Quo is going to program you to believe you have control over things like your money, your success and your destiny. It’s going to tell you lie after lie until the lies start to sound more credible than the truth. The Status Quo will do whatever it can to make sure you play by its rules and it has all the control.

This is why most people end up in a job they hate for 40+ years. They have been told to go to school, get a degree, work for 40 years and then retire. They play by the Status Quo rules, and then complain about their life and all the lies they have been told – yet, they refuse to see that it is not their fault at all. They do what everyone else does because they are afraid of being different and standing out from the crowd.

Wealthy people don’t play by the Status Quo. They are constantly reinventing themselves and trying new things. Be careful of people who won’t go against the Status Quo, because they are usually followers and not leaders. Wealthy people have goals and bigger dreams they want to achieve and will never give in to the old-fashioned ways of making an income. They also have at least seven streams of income.

[gap]

Secret #2: Never spend more than you make.

You will never get ahead financially if you are spending more than you make. It’s like trying to climb a hill with your feet tied together – it can’t be done. So, how do you stop? You must start by making a budget and sticking to it.

Instead of buying things you don’t need, start paying off your debt. Debt is the biggest enemy of wealth. Think about it like this: if you earn $1,000 and have $3,000 in debt, you are only getting a 33.33% return on your money instead of 100%. Now, if that same $1,000 had no debt attached to it, you would get an infinite return on your money.

To be wealthy, you must have less debt. You can’t spend money on materialistic things that don’t matter. Wealthy people know what they can and can’t afford. They are frugal with many things in life. Remember, stay broke and sacrifice now so you can enjoy the fruits of your labor later.

 

[gap]Secret #3: Surround yourself with winners.

If you read nothing else, make sure you at least read this: You are the average of The Five People You Spend Most of Your Time With. It’s true – studies have proven it over and over again. So what does this mean?

It means if you hang around broke people, you will be broke. If you hang around people who live paycheck-to-paycheck and complain about money all the time, then guess what? You’re going to spend your life doing just that – complaining about how nothing works for you and you don’t have any money. Surround yourself with winners who care about the future, making money, building generational wealth … and creating financial freedom.

 

 

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Grant Cardone

Grant Cardone

Star of Discovery Channel’s “Undercover Billionaire,” Grant owns and operates seven privately held companies and a private equity real estate firm, Cardone Capital, with a multifamily portfolio of assets under management valued at over $4 billion. He is world’s Top Crowdfunder, raising over $900 million in equity via social media. Known internationally as the leading expert on sales, marketing and scaling businesses, Cardone is a New York Times bestselling author of 11 business books, including The 10X Rule, which led to establishing the 10X Global Movement and the 10X Growth Conference, now the world’s largest business and entrepreneur conference. The online Cardone University, serves over 411,000 individuals and Forbes 100 corporate clients throughout the world. Voted the top Marketing Influencer to watch by Forbes, Cardone uses his massive 15 million + following to give back via his Grant Cardone Foundation, a non-profit dedicated to mentoring underserved, at-risk adolescents in financial literacy, especially those without father figures.

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