Added: Oct 12, 2023
In this podcast episode, the guest is Grant Cardone, CEO of CardoneCapital. The conversation covers various topics including Grant's background, his journey to success, his views on education and real estate, and the current state of the economy.Grant starts by discussing his upbringing and the challenges he faced growing up. He talks about losing his father at a young age and how that motivated him to create wealth and take care of his family. Grant emphasizes the importance of financial education and learning about finance from a young age.
He then shares his perspective on the education system, stating that traditional education is not the key to success. Grant believes that people are indoctrinated to save money, buy a house, and retire, but these concepts are not beneficial in the long run. He encourages people to think outside the box and seek alternative ways to build wealth.
Grant also discusses the real estate industry and his approach to investing. He explains that he focuses on buying properties that generate income through rent, rather than buying houses or office spaces. He believes that real estate is a stable and reliable investment, as there will always be a demand for rental properties.
The conversation then shifts to politics and the influence of politicians on the economy. Grant criticizes the current system and argues that politicians often prioritize their own interests over the well-being of the people. He mentions examples of politicians who have become wealthy while in office and highlights the need for transparency and accountability in politics.
The discussion also touches on the topics of gold, cryptocurrency, and artificial intelligence. Grant expresses his skepticism towards gold as an investment, stating that he has never seen anyone trade gold for anything. He believes that AI is a game-changer and has the potential to revolutionize various industries. Grant emphasizes the importance of asking the right questions and understanding how to leverage AI to benefit businesses and individuals.
Grant introduces the concept of the 10X rule, which encourages individuals to aim for ten times more than they think they need to achieve their goals. He emphasizes the importance of taking massive action and going above and beyond to achieve success.
The conversation then shifts to the education system, with Grant expressing his dissatisfaction with it. He believes that the current system is flawed and that people can learn more efficiently through the internet. He mentions that his daughter was able to complete the ninth grade in three months through homeschooling and plans to convert his educational program, Cardone University, into different languages to reach a wider audience.
Grant also discusses his views on real estate and homeownership. He advises against owning a home, stating that it is a piece of shit and that renting is a better option. He believes that renting allows for more flexibility and freedom, and that people can use the money saved from not owning a home to invest in real estate and generate passive income.
The conversation then delves into relationships in business. Grant advises against chasing after people, whether it be in business or personal relationships. He believes that people should focus on themselves and their own goals, rather than trying to please others. He also mentions the importance of surrounding oneself with the right people and avoiding negative influences.
The topic of family members and their role in one's life is also discussed. Grant shares his experiences with fake cousins and the challenges of dealing with family dynamics. He emphasizes the importance of choosing the right people to have in one's life and not being afraid to distance oneself from toxic relationships.
Towards the end of the podcast, the conversation becomes more philosophical. Grant shares his beliefs about spirituality and the purpose of life. He sees life as a practice for the next life and believes that there is more to existence than what meets the eye.
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