3 Myths to Becoming a Millionaire | Grant Cardone EP 372

0:00Hi, my name is Lewis Howes and welcome to the Daily Motivation show.

0:10I firmly believe that taking charge of your mindset allows you to be in the driver's seat of your life and unlock your potential. And that's why I'm thrilled to share that my new book is out right now. It's called The Greatness Mindset. In it, you'll learn how to build a plan for greatness through powerful exercises and toolkits designed to propel your life forward. This is the book that I wish I had 20 years ago. It's everything I've learned in the last decade with the research and the science to help you unlock your mind. Make sure to go to lewishouse.com slash 2023mindset to pick up your copy of my book, The Greatest Mindset, today.

0:54You wanted to debunk this myth of that it takes money to make money, which is something I heard a lot growing up. And a lot of people think, well, unless I can't make it because I can't invest it until I have it. so what were the lessons you learned uh you know starting from essentially zero having no money no context no uh relationships no uh opportunities in a town that you went to for this show what did you realize were the keys to actually making money even if you didn't have any well as you see the show you see that i actually never make any money they follow three of us and the two girls went out and got a job in the first week.

1:30And I'm not saying that's right or wrong or my way's better or worse, but they are strategies, okay? They're different strategies. I was not there to get a job or to earn money. I was there looking for one thing, opportunity. I never spent time looking for money ever, the entire 90 days, okay? I'm not looking for money. I was actually looking for contracts through the contacts. I wasn't looking for money because I knew the evaluation of the company in the last segment, an evaluator will come in and determine what my company's worth, my new company, right, that I created. And at that point, I just need to validate to him, dude, my company's worth this based on that.

2:12The entire 90 days, I never touched the first hundred they gave me. And this was to prove to people, dude, you do not need money. Like, it's just, it's not true. You need money. You do need contacts. You need people. You need You need people. You need people. You need the right people, though. The right people that are already in play. I remember a billionaire friend of mine, you know, he could buy a jet. And I said, hey, Bob, should I buy a jet? He said, you should. I shouldn't. Meaning Grant should because and he's way wealthier than I am. He could have bought 40 of them. He's like, I don't have a place to go in mind.

2:47You have you could use yours every day. So you've got to find somebody that's in place, somebody that not just has money, but somebody that wants to do more with their money. So you'll notice in the first 10 days, I don't spend money on shelter, not on food, and not on water. Nothing. Then what I do is I end up accumulating assets. And it's unfortunate that the viewer doesn't see this. Within five days, I have two vehicles. One was given to me by Discovery, and the other one was a$40 ,000 Jeep. I'm going to drive it around town and put 10 miles a day on it and I'm going to sell it. Well, that's a$43 ,000 asset.

3:22My truck was worth four grand. I still had my$100. I lived in a$46 ,000 RV that I was trying to sell. And I picked up$10 ,000 and a 15 % partnership in the equity of the upside of this guy's company. So literally in 10 days, I was accumulating contacts that could get me equity. And the important part of that story is, man, go get you some equity. You know, Jay-Z talks about this. You know, so many of you young brothers are getting an advance while I'm picking up the equity. Ooh. Yeah, they're trying to get rich quick. Let me give you the money now. Give it to me now. Where the publisher is getting the long-term residual income for decades off of your work.

4:05Kevin Hart, look at what Kevin Hart did with his show, right? He owns that show. He owns the ticket sales. he was willing to promote it, not just be a comedian, where Richard Pryor showed up and got his check, told his jokes. Kevin Hart says, yeah, I'm going to show up. I'm going to tell my jokes, but I'm going to own the entire platform, the equity. So how do you get someone to give you$10 ,000 when you have nothing to give them in return? Or what is it that you're selling them a greater promise in return? He's a business owner. He wants traffic in his company. Every business owner wants traffic.

4:40Every entrepreneur wants traffic. to their website. And I said, look, I'm going to drive traffic to your store. He owned a mattress store, big margins. And I said, I'm going to, I'm going to make sure you have the biggest weekend that you've ever been here. He tried to give me money to do this. I don't want your money. I just want the opportunity. I want to prove myself. I went and ran the whole promotion that weekend. I said, if you, if you just authorize the spend, I'll conduct a promo. I'll run it and do it. We did$91 ,000 worth of mattress sales. And he's like, dude, you're a star. Now he's like, hey, what do you want for what you did for me this weekend?

5:20That was the best weekend we've ever had. And I'm like, I don't want anything except to be your partner. I said, what's fair? He's like 15%. Everything above what I'm doing now, I'll give you 15%. He's the one that made the offer. I said, that's awesome. And then that's when I said, hey, can you give me an advance of$10 ,000 on the 15 %? People think that I asked for 10 grand. I actually didn't get 10 ,000. I got an advance on a partnership, which is even better.

5:52Thank you so much for listening to today's episode of The Daily Motivation. And I hope you have an amazing rest of your day. If you enjoyed this episode, make sure to click the link in the description. That will take you to the full episode of our main podcast on the School of Greatness. And if you are loving the daily motivation, please follow us over on Apple Podcasts and Spotify and leave us a review over on Apple Podcasts right now. And if you want more exclusive content and ad-free listening experience, make sure to subscribe to our Greatness Plus channel on Apple Podcasts right now. And if you want to get even more inspiration from our world-class guests and learn how to improve your life and take it to the next level, then make sure to sign up for the Greatness newsletter and get it delivered right to your inbox over at greatness.com slash newsletter.

6:47Again, have an amazing day, and I'll see you tomorrow with another episode of the Daily Motivation Show.

7:03Thank you.