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Friday, 30 September 2016 09:43

Interview - Grant Cardone: A Millionaire is the New Middle Class Featured

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In my interview with Grant Cardone,
he reinforces this idea and
takes it one step further, pointing
out that you need at least $1 million
in the bank just to remain part
of the new middle class. You can
watch the interview here:
"The entire middle class is built on
a comparison," says Grant Cardone.
"Some other country, some
other neighbor, somebody else is
doing better or worse off. But if
you look at the facts today ... the
voting class of America is the middle
class."
Grant Cardone Believes The Middle
Class Is a Trap
"The truth is, the middle class is a
trap," says Grant Cardone. "The
average middle class person makes
somewhere between $40,000 and
$115,000 per year. I know people
in New York City where you live
and Miami where I live, and at
$115,000 there's a good chance that
there's no money left over to save
at the end of the year."
[close X]Grant Cardone sees the middle
class as the focus area for politicians
because this segment of the
population are the ones paying for
so much of what drives America
today - from student loans and
housing to cars and other goods.
The middle class is the economic
purchasing power in our country
and despite Grant Cardone's mom
reinforcing how lucky he was to be
part of the middle class, he quickly
discovered it's not all it's cracked
up to be.
Getting Out of the Trap by Shifting
Your Thinking to a 10X Mentality
So if you need at least $1 million
to be part of the new middle class
and you're likely to get trapped
there, then what's the solution to
the new middle class trap? Grant
Cardone wants to share with people
the mistakes he's made and
what he got right.
"Operating in increments is the
way our parents teach us. Even as a
child they teach us you have to
walk before you can run. Actually,
that's not true. A baby stumbles
along quite fast. You can run before
you can walk," he says.
"Google uses The 10X Rule. They
don't think in increments, they
want to multiply their revenue by
10X. Twitter, on the other hand,
tried to grow in increments, it
couldn't grow fast enough so it gets
killed in the marketplace."
Grant Cardone understands that
you can't become wealthy and retire
unless you deploy a 10X mentality
in everything you do. "You
have to start in increments - I'm not
saying that you don't. A job is an
increment. Income is an increment.
But at some point in your career,
you need to invest. You need your
Benjamin's that you've worked so
hard to earn and save to start having
babies; because when the babies
start multiplying that's how
you create wealth. You can't just
create wealth on the back of hard
work," Grand Cardone explains.
Learning from Grant Cardone
Grant Cardone build a $350 million
real estate empire, in addition
to creating customized sales training
programs for Fortune 500 companies,
writing 5 books including a
New York Times best seller, If
Your Not First, You're Last. He
shares his wealth of insights to
more than 22 million members. In
other words, he's looked for all the
ways he can operate his business at
10X and practices what he teaches.
I sincerely enjoyed interviewing
Grant Cardone and appreciate just
how hard he works to share what
he's learned with his audience. If
being a millionaire is the new middle
class and you must operate at a
10X level to be successful, then the
question we should be asking ourselves
is how do we get to $10 million
or more to ensure we have the
kind of financial freedom we all
desire.
While this may feel like a daunting
question at first, refer back to
Grant Cardone's main point. It's not
about earning that kind of money,
it's about getting your money to
multiply. That's the place where
most of us lack focus. What keeps
us in the middle class trap is going
paycheck to paycheck or operating
our business with an incremental
growth mentality.
To break out, we need to think different;
we need to find ways to
grow exponentially, not incrementally.
Only by breaking the incremental
mindset can we put
ourselves onto an entirely new
growth trajectory. That's why
Google obsesses with 10X Moon
Shots while companies that struggle
focus on the next quarter's sales
numbers.
Bill Carmody

Read 6140 times Last modified on Friday, 30 September 2016 09:50

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