The Steps to Wealth & the Traps Along the Way

The Cardone Zone

Grant Cardone

Careers, Business, 025610

4.8 • 4K Ratings

🗓️ 4 June 2025

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In Episode 260 of The Cardone Zone, Grant Cardone breaks down the path to real wealth—and the dangerous traps waiting to derail your progress.

Drawing directly from his newest book, “The Wealth Creation Formula,” Grant shares the core principles every entrepreneur and investor needs to understand to escape the middle class and build lasting financial freedom.

You’ll learn:

The essential steps to creating wealth
The most common financial traps people fall into—and how to avoid them
Why being “rich” isn’t enough—and what it takes to become truly wealthy
How to shift your mindset from survival to expansion

Whether you're just getting started or scaling up, this episode is a must-listen blueprint to move from hustle to legacy.

Pick up “The Wealth Creation Formula” for the full game plan.
Follow @GrantCardone across all social platforms
Visit GrantCardone.com for exclusive tools, resources, and next-level training.

Transcript

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0:00.0	Hey, welcome to the Cardone Zone, my newest podcast where every week I'll bring to you a new celebrity,
0:06.7	artists, athletes, some of the top people in their field, CEOs from around the world, running the world,
0:12.2	to give you their insights, their knowledge, and their breakthroughs.
0:15.6	Look, these people came from nothing just like I did.
0:17.9	So get ready with Uncle G.
0:20.1	You're in for the ride of your life where
0:21.6	we're going to 10x everything you think, the way you work, the way you act, and the way you
0:26.5	roll every single day. Make sure you subscribe and comment. Love to see what you're talking about
0:31.5	and get ready for today's show.
0:36.0	401k. More people have been financially destroyed by these four ideas than all the wars on this planet has killed people you're a prisoner you're in the myth and the mythology of the middle class and you can't get out they've sold this golden combo to hundreds of millions of people. Who are the
0:56.0	beneficiaries? The IRS, banks, big financial institutions, insurance companies, but not you.
1:04.0	Way back from the collapse of 2008 and 2009, the Clinton administration lowered the
1:09.0	requirements associated with homeownership.
1:11.3	All of a sudden, the floodgates burst open.
1:14.5	Everyone could buy a house.
1:15.6	In fact, some people were buying six and seven and eight homes.
1:18.2	They were setting things up for a collapse.
1:20.0	Everyone should own a home in America, said the Clintons.
1:23.1	Everyone deserves homeownership.
1:25.5	Homeownership is the Venus flytrap of wealth creation.
1:28.9	They were setting things up for a collapse. Everyone should own a home. And we all know what
1:33.6	happened. College is prison. And the 401k is probably the greatest scam ever perpetrated on the
	...

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