Peter Dunn and Grant Cardone

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Grant Cardone interviews Peter Dunn on Power Players. Known as Pete the Planner, he’s written 10 books and is also a columnist. In 1975 88% of people had a pension. Today it’s less than 10%. He warns people that they must save and become millionaires. Money is behavior, it’s not math. Money is like toilet paper, when there’s a bigger roll available you use more of it. You need to be on the offensive and earn more income but you also should be on the defensive. If there is a hole in your boat it won’t matter how much income you make, you will still sink. There are 3 areas of money you need to concern yourself with:

1.Past—debt
2.Present—spending now
3.Future—setting yourself up

If you have money going to the past that is going to hurt your present and future. To become a millionaire you have to understand time. Many people don’t understand compounding interest. In order to retire you will have to break your dependency on your earned income. There’s also a difference between being a millionaire and living a millionaire lifestyle. He bottom line is that In order to ever become a millionaire, you must be putting aside some income.

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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.