The ideas of “get rich quick” or “overnight success” are massive myths. For true long-lasting wealth creation, you have to set some solid money rules in place — and stick to them.

If you don’t create rules around money, you’re not going to get it.

Now, if you haven’t established them already, I’ll help you with some of mine. But you have to commit to them.

Let’s go.

6 Wealth Creation Money Rules

1Never spend it before you get it

Read that again, and don’t mix it up with not spending the money you do have.

What it does mean is when you do a deal, you don’t spend any of that money until the deal is closed.

2The 40%/$100K Rule

This one’s a game-changer.

Until you can save 40% of your money and make $100,000 stored, you’re not going to make any major investments.

3Write-off

If you can’t write it off, don’t buy it. And if you do buy something that you can’t write off, pay for it in cash. Always.

For purchases that you can write off, you should put them on a credit card for reporting purposes.

4Don’t own

Rent and lease; don’t own.

Your cars, your apartment, everything you can.

5Stabilize income streams

Man, I lost count of how many flows of income I have. Today, they’re in the thousands.

The deal with income streams is that you have to stabilize them. You have to stabilize the first flow before you move to the second flow. The second flow must be connected to the first flow. Only after the first two flows are stable do you go to the third one.

6The 40/7 Rule

If you’re going to work for someone 40 hours a week, improve yourself 7 hours a week.

Stop complaining that you’re tired. You don’t read a book, don’t do a program — you don’t do anything for yourself.

Dedicate one hour every day to self-improvement.

Look, the nightmare of finances will continue until you wake up. You have to get sick and tired of it, and then take massive action.

Money only has the value of the confidence of the people who support it. It’s your choice whether or not you’re one of those who gets it.

To learn more about how I’ve created generational wealth for my family, register now for my Free Live Training.

Disclosure: This content is intended to be used for educational and informational purposes only. Individual results may vary. You should perform your own due diligence and seek the advice from a professional to verify any information on our website or materials that you are relying upon if you choose to make an investment or business decision. Investment, real estate, and business involve great risk and there is no guarantee of performance or results.

We are not attorneys, investment advisers, accountants, tax professionals or financial advisers and any of the content presented should not be taken as professional advice. We recommend seeking the advice of financial professional before you invest, and we accept no liability whatsoever for any loss or damage you may incur.

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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.

3 COMMENTS

  1. Having read this I thought it was very informative. I appreciate you taking the time and effort to put this article together. I once again find myself spending way to much time both reading and commenting. But so what, it was still worth it!