237: Emergency Budgets

The Cardone Zone

Grant Cardone

Business, Careers

4.8 • 4.1K Ratings

🗓️ 7 October 2016

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

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Summary

Grant Cardone fought a category 4 Hurricane and is back in the studio talking about how budgets don't work. Was a hurricane in your budget this year? Most people don't have an emergency budget but you need one, yet the only way to make a budget work is to out produce it. You can't predict everything that is going to happen. Budgets keep little people little and scared people scared. Quit starting conversations about saving money and start moving the ball downfield and think income.

Budgets don't work because:
1. They cause you to contract.
2. You can't predict everything in a budget.

Grant uses the 95/5 rule. Spend 95% of your time on income and 5% on expenses. Control yourself if you have to but your problem is not enough money coming in. Why will people override the budget when there is an emergency, but won't spend when there is a great idea that will cost money and take things over budget? Break your budget to expand!

Transcript

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0:58.1	Hey, welcome to the Cardone Zone. Grant Cardone here. Appreciate you taking your time with me.
1:16.0	It's Friday afternoon, Eastern Standard Time. We got a jobs report today. We got the Federal Reserve
1:21.9	Raising Rates. They're going up, so they say. As the stock market goes down, gold goes down.
1:28.4	The dollar is going up. What's happening to you? Okay, what's happening to you? We just survived
1:35.6	a category for hurricane here in Miami. Nobody left. Nobody moved. Nobody evacuated here.
1:44.2	If you didn't know me before this show, now you know me. Grant Cardone also is an author
1:50.6	seven books, 19 business programs. What you might not have known is I'm also a meteorologist.
1:57.4	Okay, and I told everybody I said, this thing will not hit Miami. It's not going to hit Miami,
2:01.6	man. It's all going to be good. Today in every Friday, by the way, we talked to you about money
2:06.5	finances and career. Today I'm going to be talking to you about your budget. Your budget. The budget,
2:12.0	the emergency budget. I'm aware yesterday, Robert, as I'm driving around, I'm going through the
2:17.4	stores. We get up early. Starbucks was closed. Everything was closed. Everything, right?
2:22.2	Gas station is down. I wonder if that was anybody's budget. Was that in anybody's 2016?
2:29.5	The Starbucks around the country. Did they say, oh, yeah, by the way, I mean, the guy that runs that
2:35.2	company, we're going to have a monster storm in what month we in October. We're going to have
	...

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