Top Money Mistakes of the Middle Class

0
1605
Grant wrote an article for Entrepreneur.com on the 8 Money Mistakes to Avoid on Your Way to Wealth. He goes over each, may he’s made himself over the years and explains why these mistakes hold people back. He begins the show saying that there’s a common worldwide theme. People have agreements about money that forbid them to have it. People are also given bad money advice that they listen to and it creates a trap of comfort. Grant explains that people do not have the right thinking when it comes to money. People are taught to save but not to earn. He explains that money gets restless and will go where it gets attention. If you don’t put attention on money it will find another place to go. Grant offers these 7 money mistakes and one bonus one. 1. Settling. Grant explains that every time he got comfortable he would be punished for it. He advises people to always be on offense. 2. Diversification. It’s a scam that serves the stock market. 3. Depending on one income flow. Anyone who is wealthy has multiple streams of income. 4. Comparing yourself to others. 5. Investing in trends. 6. Trusting without proof. 7. Saving just to save. Grant spends time on this point because people are taught to save but as he says “clipping coupons won’t make you rich.” The point of saving is to invest. 8. Pretender spender. “If you only car is a Lamborghini, then you’re a pretender.”
Previous articleCash is King
Next articleHow to Handle Haters
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.