Listen in as I speak on the importance of doing YOUR own financial homework so you can avoid that dreaded statement: “I didn’t know.”
Listen in as Grant Cardone breakdowns the pros and CONS of buying a personal residence before you can afford one through your investment income:
To accomplish your version of financial independence, you will need to build a strong asset column. Unfortunately, most people are conditioned to buy liabilities first and hope they have enough money left over to buy assets.
Moving forward, get assets first. Listen is as I breakdown the difference between assets and liabilities and the importance of getting assets first, instead of liabilities:
Join the list so you can receive exclusive information that will help you improve your financial skills at www.billionairebelief.com.
If you want to achieve financial freedom, you can only do so by owning assets that pay you. Listen in to learn how to make it happen for yourself so you can create wealth for your loved ones.
Building wealth from scratch takes work, discipline and a whole lot of inspiration. But most importantly, it requires a plan of action. A blueprint. A roadmap.
True story, a few years back, a Billionaire Belief visitors reached out and asked me if I was a Billionaire because he wanted to learn how I build my wealth from scratch. My response to him was, “Not yet.”
I told him I honestly didn’t know how to build wealth from scratch, but that I was learning. And as I learned, I’d share my findings on the site for him to learn to.
Now, fast forward to now.
Someone asked me the question again, “Dhane, I’m starting from zero, but I want to be rich. How do you build wealth from scratch?” Before I responded this time, I figured someone had already answered the question, so let me see what they have to say.
After a Google search or two, I was able to come across a few articles I was able to use to piece together a roadmap for building wealth from scratch:
Watch me talk about the roadmap in the video below:
Want to learn the laws and strategies 3% of the population uses to earn 97% of the money? Listen in as Bob Proctor shares helpful insight into a subject many people talk about, money. “The amount of money you earn is an exact ratio to the need for what you do, your ability to do it, and the difficulty there is in replacing you.”
You probably have figured out that financial stability is a key ingredient to a prosperous life. Good money habits allow you to have the money you need to pay your bills, enjoy the finer things in life and acquire the assets needed to have a financial cushion in case of emergency.
But more than likely, nobody has every taken the time to explain the fundamentals of personal finance to you. If that’s the case, watch the video below to learn the basic financial rules for building wealth:
Over the past few years, people have been pressing my guts out about why I haven’t bought a house. Why I don’t go on vacations. Why I didn’t buy a new car after my old one broke down. Why I ride the bus. Why I don’t buy new cloths and shoes. And on and on.
Unlike most, I’m committed to achieving my vision of financial freedom. When I made that decision a few years after graduating from college, I knew it would require a tremendous sacrifice. But I also knew it would be worth it in the end.
You see, you don’t need money to MAKE money. All you need is courage and guts. But you do need money to GROW money.
So you have a decision to make:
1) Save to invest in assets to produce cash flow
2) Save to buy STUFF
I’ve been striving to expose this simple concept to my family, friends and the world so they can absorb it and make decisions accordingly. But most often, my pleas for financial freedom fall on death ears. When I share this wisdom with them, they look at me like I’m crazy, or like I don’t know what I’m talking about since I don’t have $1 million in my own bank account.
But thank God for like-minded friends, social media and great entrepreneurs!!!
Below is a video of serial entrepreneur Gary Vaynerchuk sharing his thoughts about the importance of saving and what he did, and probably still does to achieve his version of financial freedom.
He’s a millionaire many times over, so hopefully, hearing him express the importance of saving to invest, not just to buy stuff, will help you clearly understand the rewards of saving and why you should be doing it to:
Grant Cardone talks about how the financial rules of the past are no good for the financial world of the New Economy:
Watch Grant Cardone talk about the YOUEconomy. Wages are not increasing folks, and we are entering a new economic age. Make a decision to focus on the YOU economy. Take responsibility for your finances—it’s on you. Set a target and start doing the math. Take a second job, whatever it takes to get your money right. The truth is having a JOB means you are Just Over Broke. Your job is to think like an entrepreneur 24/7. Operate with urgency.
Money don’t care how old you are. You MUST learn how to sell. Extrovert yourself and make your own economy. The economy ain’t coming back. Jobs are in the middle class. The middle class is disappearing. In 2008 I [Grant Cardone] realized I was too dependent on THE Economy and not MY economy. I changed that and you can too.