Grant Cardone: How to be a millionaire

Money

The OG, Grant Cardone teaches his staff the truths about money and how to become a millionaire, the fast way.

If you don’t have your money right, if you are not thinking about money correctly, you will never make a sale.

A very valuable video to change your mindset and perspective about being a millionaire.

Being a millionaire is not enough

Everyone has that idea in their head about being a “millionaire”. The truth is that $1,000,000 dollars is nothing.

The single-digit millionaire cannot even provide his family with proper legal defense in America. Much less emergencies, divorces, business lawsuits, issues happening, two kids going to college. Nobody told you that.

You gotta change the way you look at money

Grant Cardone gives out some tips to earn and keep more money.

I do weekly sales training with my sales team to keep all my employees in sync with the mission. To help others reach success. But that doesn’t exclude my employees.

Grant Cardone

These are his 5 steps to become a millionaire:

  1. Target
  2. Income GI – 40%
  3. Broke-Invest
  4. Passive
  5. ?

Have a Target

You have to change the target and look at the target daily. If you are struggling right now you have the wrong target. When you change the target everything changes.

Every person I’ve ever sold I’ve treated as an investor.

You don’t need to be a bank to get other people’s money. The money I put into Real Estate is other people’s money.

Your first target should be $10 million dollars and nothing short of it.

Save 40% of your income

If you don’t like the term “save” use “store”. A better word for saving is storing. Store 40% of your income, pay the IRS their 40% and live with the rest.

This is the most difficult part in the beginning.

You need to get to a place where 40% of your gross income is saved. This will get you in the right track to becoming a millionaire (after following the 3 next steps)

Keep doing the math until you work it out. When I was 35 years old no one knew that I was a millionaire. Nothing had changed. $40 shoes, driving a Camry, with a million bucks in the bank, because I followed this rule.

Invest your savings

You are going to go broke and invest the “storage”. Meaning, once the timing is right invest your savings.

Do not invest on anything that is a “maybe”.

I only invest in things that I know will be there in the future.

Passive equals income

Continue investing your savings (storage) until your passive money is equal to your income.

You can’t risk this money. “Don’t lose money, number 1”

Warren Buffet

You can’t leave it in the bank, they can’t pay you anything.

Your target here should be: My passive income now exceeds my monthly income.

How much money would I need invested

You need two vehicles:

  • One that produces income.
  • Keep the target in mind.

A single digit millionaire cannot even provide themselves with their own personal defense in America.

Basic Ideas to Make Money Blogging

Many people are quitting their day jobs to make money blogging as it gives them the flexibility and freedom to work when they want and spend more time with their families.

Writing a blog can be very easy and all you need to do is put your mind in to it, invest some time and you are ready to go. Blogs are a fun way of expressing your thoughts online since they are similar to online diaries.

Blogging is about writing about the things you love in a factual manner.

In order to make money with blogs, you need to specialize in one or two niches which you are comfortable with when writing. Posting blogs you are not familiar or comfortable with can be a very boringventure. One, you do not enjoy your content and secondly, your audience might notice you are not an authority on what you are blogging about. Blogging is one way of building your online reputation and what you write should e well searched and factual.

Making money online can be very tricky if you are not writing on topics that you love. Once you set out to blog, you need to think about the target audience. These are people who will make or break your blogging career. Always take your time to do some research irrespective whether it is a topic you are well versed in. Readers love green content which is informative and makes them improve their standards of living.

There are many online platforms where you can showcase your blogging prowess and you do not need to be a webmaster to build your own blogging authority since you can make money with WordPress. This is a platform that enables you create a blog or website and post your content. This is free to join and you can create as many blogs as the number of topic that you are passionate about. This is among the many user friendly sites to learn how to create different blogs.

If you are passionate about blogging, you can make money with blogger which is another platform where you can post your content and showcase it to the entire world. This is a free site as well and you do not need to pay for anything to get started. On the other hand, it is very easy to monetize your bogs and earn residual money from those advertising on your blog.

There are many webmasters looking for content and this is one of the easiest ways to make money with blogs if you are a good content developer or writer. You can get these online as long as you are willing to accept their rates as a beginner and grow through the ranks to become an expert. There are so many online money making sites that seek for the services of bloggers who are experienced in specific niches and their pay vary depending on the number of words and the niche you are you are comfortable with.

If you want to make money blogging, you must love doing research whether you know enough about the topic or not. On the other hand, you need to be ahead of others in the same niche because when you comment, you should be able to clarify on issues. If you decide to have your personal blog, you need to keep them interesting and keep your readers coming back since the more visitors you have, the higher the conversion rates. When your audience realizes that your content is always up to date, they will keep coming back for more. On the other hand, search engines will rank you highly in search terms for you to be found easily for people looking for information in your niche.

With these many ways to make money online, you need to make your blogs unique as well as user friendly. You can as well add some social networking plug-ins which helps marketing your product or services. When people are happy with the information they get from your blogs, they will tell others and your conversion rates will be very high.

Once your blog visitors leave any comment, you should acknowledge and if they need any clarification, you need to address the issue as soon as possible. Many satisfied readers will help convert adorers in to users if you are prompt in giving feedback when needed most. Remember you are not alone, there is a lot of competition out there and you need to maintain and increase your audience base for you to make money online and establish yourself as an authority.

As much as there are other ways to make money online, you need to consider the initial investment and the grace period for you to start realizing any profits. To make money blogging is more beneficial than other forms of online businesses and you only work when you have to since you are your own boss.