233: The Economy & The Fed

The Cardone Zone

Grant Cardone

Business, Careers

4.8 • 4.1K Ratings

🗓️ 9 September 2016

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Dollars aren't tied to gold. Your money is dying—it's going down in value each day. That's why you need to get as much money as you can as fast as you can so you can put it into assets that will blow up. Money that just stays money will die.

The problem is that you are being educated by people who are teaching you things from a bygone era. Middle class wages are flat and they won't be going up again. You must simplify this. If it doesn't produce income, don't do it. When interest rates go down, debts go down, and assets go up. It's all artificial. Your money is going down in value. Get rid of it and put it into assets, but wait until you have $100K saved. You need to first understand basic economics—you want it, they have it, go and ask for it. In 1960 the minimum wage was $1.60. That was worth $2 more than minimum wage is worth today even though the dollar amount is higher.

Transcript

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0:00.0	Each one of us can build wealth, replace scarcity with abundance, replace average with
0:07.2	greatness, replace uncertainty with conviction.
0:10.9	Success is there for the taking.
0:13.4	Small business owners, entrepreneurs, startups, and the ambitious.
0:17.4	Grant Cardone tells you what you have to do to prosper in this new economy.
0:21.2	He'll inform you in everything business, finance, and career-related.
0:26.4	Get ready.
0:27.6	Find the knowledge for your success.
0:29.6	All here, right now, in the Cardone Zone.
0:59.6	Hey, welcome to the Cardone Zone.
1:13.3	Thank you so much for joining me today.
1:15.0	Friday 12 PM Eastern Standard Time here in beautiful Miami Beach, where we have showers
1:19.8	come in and then the sun shows up.
1:22.5	Showers come in and the sun shows up.
1:23.8	I feel like I'm on a Caribbean island every day, man.
1:26.8	Miami Beach folks, if you haven't been to Miami, when you come to Miami, I'm going to
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1:38.9	And they're saying the camera to the right a little bit on Facebook.
1:42.2	Maybe I'm a little slanted over here, okay?
	...

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