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VIDEO SUMMARY
Empower Your Journey: Essential Steps to Building Wealth and Legacy
Hey there, fam! 🚀
Ever wondered why money doesn’t always equal happiness? 🤔
Let’s dive into some real talk about how to flip the script on that idea! 💰
Imagine this: you’re grinding every day, hustling for that paper, but somehow still feeling like something’s missing. Sound familiar? 🙋♂️
Well, guess what? It’s time to shake things up! 🌪️
Forget the old-school notion that money = happiness. It’s all about redefining success, setting goals that light your soul on fire, and making a difference in the world. 🌟
We’re talking about leveling up your mindset, mastering the art of financial management, and building a legacy that’ll make your future self proud! 🏆
So, are you ready to join the movement? 🚀
Let’s break free from the paycheck-to-paycheck cycle, embrace the grind, and unlock the secrets to true wealth and fulfillment! 💥
#MoneyMindset #WealthBuilding #LevelUp #GrindAndShine
Step-by-Step Guide
Step 1: Redefining Happiness Metrics
Description:
This step involves redefining the metrics used to measure happiness, shifting the focus from material wealth to personal accomplishments and contributions.
Implementation:
- Reflect on what truly brings fulfillment and satisfaction in life.
- Consider accomplishments, targets, and contributions as metrics of success rather than solely relying on monetary wealth.
- Shift the mindset from equating happiness solely with money to finding joy in personal achievements and impact on others.
Specific Details:
- Reflect on personal values and goals to identify what truly brings happiness and fulfillment.
- Recognize the limitations of equating happiness with monetary wealth and explore alternative measures of success.
- Emphasize accomplishments, goals achieved, and the positive impact made on others as significant sources of happiness.
Step 2: Embracing Sacrifice and Growth
Description:
This step emphasizes the importance of embracing sacrifice and continuous growth in pursuit of success.
Implementation:
- Acknowledge that progress often requires sacrificing comfort and familiar routines.
- Adopt a growth mindset that values learning, adaptation, and resilience.
- Embrace discomfort as a necessary step towards personal and professional development.
Specific Details:
- Understand that achieving significant goals may require giving up certain comforts or habits.
- Cultivate a mindset that views challenges as opportunities for growth rather than obstacles.
- Be willing to step out of comfort zones and take calculated risks to progress towards desired objectives.
Step 3: Prioritizing Relationships and Contribution
Description:
This step underscores the importance of prioritizing meaningful relationships and making valuable contributions to others.
Implementation:
- Focus on building genuine connections with people and contributing positively to their lives.
- Say “yes” to opportunities that allow for networking, collaboration, and relationship-building.
- Prioritize actions that foster a sense of community and enable personal growth through interactions with others.
Specific Details:
- Invest time and effort in cultivating relationships with individuals who share similar values and aspirations.
- Seek opportunities to support and uplift others through acts of kindness, mentorship, or collaboration.
- Recognize the significance of building a strong support network and contributing to the well-being of others in achieving lasting fulfillment and success.
Step 4: Reevaluate Money’s Role in Happiness
Description:
This step involves reassessing the relationship between money and happiness, emphasizing the importance of personal growth, contribution, and meaningful connections over material wealth.
Implementation:
- Reflect on what truly brings fulfillment and satisfaction beyond monetary wealth.
- Shift the mindset from equating happiness solely with financial success to finding joy in personal accomplishments and impact on others.
- Embrace the idea that true wealth encompasses personal growth, relationships, and contributions to society.
Specific Details:
- Recognize that money alone does not guarantee happiness and fulfillment; prioritize personal growth, relationships, and meaningful contributions to experience true wealth.
- Cultivate a mindset that values experiences, personal development, and meaningful connections over material possessions.
- Emphasize the importance of finding purpose and meaning in life beyond financial success to achieve lasting fulfillment and happiness.
Step 5: Financial Management and Investment
Description:
This step focuses on effective financial management and investment strategies to build wealth and secure financial stability.
Implementation:
- Prioritize saving and investing a portion of income into diverse investment vehicles, such as stocks, bonds, and real estate.
- Adopt a disciplined approach to budgeting and spending, distinguishing between essential expenses and discretionary purchases.
- Seek opportunities to increase income through entrepreneurship, career advancement, or side hustles to accelerate wealth accumulation.
Specific Details:
- Allocate a percentage of income towards savings and investments each month, prioritizing long-term financial goals over immediate gratification.
- Educate oneself on various investment options and seek professional advice if necessary to develop a diversified investment portfolio.
- Emphasize the importance of financial discipline, delayed gratification, and strategic planning in achieving long-term financial success and security.
Step 6: Teaching Financial Literacy
Description:
This step involves instilling financial literacy and responsibility in oneself and future generations to build a legacy of wealth and success.
Implementation:
- Educate oneself and others on the principles of financial management, budgeting, investing, and wealth creation from an early age.
- Lead by example by demonstrating responsible financial behaviors and decision-making to children and peers.
- Encourage a mindset of entrepreneurship, innovation, and wealth creation through education, mentorship, and practical experience.
Specific Details:
- Teach children the value of financial independence, entrepreneurship, and smart investing from a young age to empower them with essential life skills.
- Foster an environment of open communication and transparency about financial matters within the family to promote responsible money management and planning for the future.
- Emphasize the importance of lifelong learning and adaptation in navigating financial challenges and opportunities to achieve sustainable wealth and success.
COMPREHENSIVE CONTENT
Money and Happiness
“So money doesn’t bring you happiness. It’s never made me happy. I don’t measure happy. What do you measure? Uh, I measure accomplishments, I measure targets, I measure, you know, who I’m helping, things that I can actually physically measure, you know? The reality is most of us don’t dream big. You got the mindset? Are you looking, are you paying attention? You can do it, bro. You gotta give something up. It’s not you have to add something, you always have to give something up, really. I have, I’ve never been able to go from here to there and not give up something they got me here. If you’re going to go from zero to a millionaire, when you get to a millionaire, you want to go to the next level, you want to go to 10 million, you will have to give up the millionaire life. That’s why I said I gotta hold myself accountable to the goal. If I’m have to keep reselling myself on this goal.”
Creating Wealth and Contribution
“People want to create wealth for themselves. It’s not just money, it’s people. Not how much money I have. I mean, we all know about the wealthy person that has no friends, he’s on a yacht by himself, and that’s not wealth, right? It’s just a bunch of money and material collections. To me, there’s no way to create real wealth by just going inside. You gotta go, I gotta add people. How do you get people to know who you are? I say almost yes to almost everything. Why? Because it connects me to another person. I need people to get to know who I am. I’m going to become somebody. I want to contribute more. I don’t think about I want to be more happy. I’m not thinking about joy. I’m not thinking about contentment. I’m not thinking I’m thinking about action. I want the action, I want the grind, I want the possibility, I want legacy. I’m trying to figure out how to extend 100 years. How could Grant Cardone still be relevant in 2123? Do I want more happiness, dude? I want more time is what I want and I want more health. Would time and health bring you more happiness as long as I have people around me that I want to be around.”
Productivity and Financial Management
“I don’t like being around people that don’t do stuff. I don’t like people that talk about doing something and don’t. I don’t like being around people that can’t pay bills and can’t throw in and can’t contribute, ’cause I know they can. Most of the people watching right now, everything you have budgeted for in your life, you can pay for. It’s the things you didn’t budget for, the big dream. But everything else, you got covered. Everything people pay attention to, house note, car note, electric bill, water bill, basics, everything gets covered. What if you just added a whole bunch of other stuff to the list? What if we were all brought up to say, ‘Hey, we’re going to cover all this stuff’? People would be even more productive.”
Wealth Accumulation and Investment
“What would you say are the top three ways, the best ways to multiply money? Then get rid of it. You gotta get rid of it first. You gotta make it. I mean, I gotta collect. I gotta collect some. Then I gotta figure out, okay, this pays for this basic living. Everything above that, don’t spend any more, like the rest of it. If this is four grand and I make seven, the entire three has got to go into investments every month, every single month. At some point, you gotta quit being a saver. You gotta start being an investor. This is what we should have been taught in school, man. This is what we should have been taught as kids. Like, how do I do money? You do it with time, okay? You don’t do it with the job. You’re not going to get $823,000 a year at a job. There’s no job that’s going to hire you and pay you $8.23 without you having to go back to college and spend time and invest money. Just doesn’t work like that.”
Shifting Mindset and Financial Decisions
“What do you think people in the middle class are doing that they should shift in their mindset in order to start getting out of that? Well, you don’t borrow money to go to college. Why would you trade five or six or seven years of the income? Time is money. So I wouldn’t go to college. I would never buy a home. I would never put debt on a home. If I bought a home, I wouldn’t put debt on it. And these are nevers for me on the come up. Once you have the cash, once you’re if you’re wealthy and you want to.”
Financial Decisions and Wealth Accumulation
“Go buy homes and, you know, would buy yachts and stuff, would do whatever you want to do. But on the come-up, uh, you would never spend your income. You would never spend primary income on improving the quality of your life. You would only invest. And that’s what I’m trying to teach my kids. Like Sabrina, I let her pay all the bills. I’ve been doing this since she was probably six. You pay the bill, we don’t give them an allowance. I don’t think any kid should be given an allowance. Interesting, why not? If they want money, they become an employee of the company. They work for the company. We give them a series of things to do. We pay them once a year. Okay, we give them a big check at the beginning of the year. That money goes into Cardone Capital, wow, and they live off the distributions. Come on, sometimes they’ll get a bonus for doing extra stuff, but they don’t get the money. They never get the money. It’s invested, and they get the money. It’s invested, they get the distributions. They will create wealth over the next 10 years, but it’ll be their own wealth. It’s not something I get.”
Money Management Lessons for Kids
“Well, if you could only teach your kids three lessons about money, yeah, what would those lessons be? People, number one. Meet people. Everyone’s a stranger. It’s a money’s a people game. Two, once you get it, don’t lose it. And number three, invest in things where you can never lose your capital. Now, the person watching this, she’s a waitress, and she’s got two kids at home. She’s like, ‘I’m never going to make 800.’ It’s ’cause you already gave up on the idea. Like, you never, you never, you never said that’s the target, and you keep thinking you gotta wait tables and you quit already.”
Shifting Perspectives on Money
“How can we shift the relationship to money that we have so we can have a better experience emotionally and spiritually about money? Anything you’re hiding, you’re going to have problems with. The secret keeps you sick. First thing I look at every day is my money. I have a great relationship with my money. I’m not just going to think about it. I’m going to be somebody today. I’m going to grow into who I should be. What I’ve done already is impossible from where you came from and all these things. From where I came from, I should be dead. I should have been dead in 25 years old or in jail, messed up forever, you know? Instead, I became this guy, and I mean, I’m grateful, and I had, I don’t know that I had any breaks. I know when people say, ‘Oh, you had luck.’ I’m like, you grinded, right? I’ve been grinding, and I’m proud of the grind. But I want it to turn into something more than money. I’m going to feel good about a lot of places I go to and a lot of people I meet because I made more contributions than I didn’t. I gave more than I took.”
