Most people are worried about investing before they even get their money right. The purpose of investing is to create wealth, not to conserve. Focus on yourself and invest time and energy into yourself. Get your income right. If you have $10,000 only, your first thought shouldn’t be about investing. 3 Things will screw up your investing: Early, Little, Diversify. 1.Start Early. Wrong. How can you know what you’re doing when you start when you’re a teenager? The idea is $50 a month will eventually get you wealthy. No it won’t. You’ll be 70 years old with $125,000. 2. Do Little Amounts. Wrong. It’s not about going little. You want to shove all in. Save into you have a lot. 3. Diversify. Wrong. This is what the middle class does and what Wall Street does. Wall Street depends on lots of tiny flows coming in every month from millions of people, $50 here and $200 there. You don’t need to diversify. You’ve been told by society to invest early, little by little and diversify. It’s all wrong folks. Watch what the rich do.
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Star of Discovery Channel’s “Undercover Billionaire,” Grant Cardone owns and operates seven privately held companies and a private equity real estate firm, Cardone Capital, with a multifamily portfolio of assets under management valued at over $4 billion. He is the Top Crowdfunder in the world, raising over $900 million in equity via social media. Known internationally as the leading expert on sales, marketing, and scaling businesses, Cardone is a New York Times bestselling author of 11 business books, including “The 10X Rule,” which led to Cardone establishing the 10X Global Movement and the 10X Growth Conference, now the largest business and entrepreneur conference in the world. The online business and sales educational platform he created, Cardone University, serves over 411,000 individuals and Forbes 100 corporate clients throughout the world. Voted the top Marketing Influencer to watch by Forbes, Cardone uses his massive 15 million plus following to give back via his Grant Cardone Foundation, a non-profit organization dedicated to mentoring underserved, at-risk adolescents in financial literacy, especially those without father figures.