The MINDSET Of A Billionaire - How To THINK CORRECTLY | Grant Cardone EP 268

2 Jun 2023 · 8 min

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Podcast Notes: The Daily Motivation - Episode 268: The MINDSET Of A Billionaire - How To THINK CORRECTLY | Grant Cardone

Podcast Overview

  • Title: The Daily Motivation
  • Host: Lewis Howes
  • Guest: Grant Cardone
  • Episode Description:
  • Focus on the power of persistence and resilience.
  • Discussion on the mindset of billionaires vs. millionaires.

Key Themes

  • Mindset Control
  • Your mindset is crucial in shaping your life story.
  • Importance of being the author of your own narrative.
  • Persistence and Resilience
  • Success is often built on overcoming challenges and failures.
  • Learn from past mistakes rather than being discouraged by them.

Highlights from the Episode Lewis Howes Introduction

  • Introduced his new book, The Greatness Mindset, which includes exercises and tools for personal growth.
  • Emphasizes taking charge of one's mindset for unlocking potential.

Grant Cardone's Insights

  • Failures and Lessons Learned:
  • Reflects on a past drug addiction that cost him nearly a decade.
  • Acknowledges the influence of a conservative mindset inherited from a millionaire uncle.
  • Billionaire vs. Millionaire Mindset:
  • Key Differences:
  • Billionaires think differently; they invest in time and experiences rather than just financial assets.
  • Example: Grant discusses purchasing a private jet, emphasizing how it saves time and enhances quality of life, contrasting with a miserly millionaire mentality.

Courage in Pursuit of Success

  • Grant discusses his self-perceived need for more courage in tackling larger deals.
  • Emphasizes that the leap from a $90 million deal to a $900 million deal is not a vast difference in execution but a matter of mindset.

Trust and Intuition

  • Importance of trusting one's instincts in business and personal relationships.
  • Recognizing red flags in partnerships or relationships that may lead to negative outcomes.

Encouragement for Big Thinking

  • Grant is challenged to consider taking bigger risks and embracing larger opportunities.
  • The discussion emphasizes that pursuing larger goals requires the same effort and mindsets as smaller goals.

Actionable Takeaways

  • Embrace a Growth Mindset:
  • Move beyond limiting beliefs and adopt a mindset that seeks expansive opportunities.
  • Learn from Failures:
  • Reflect on past challenges and extract valuable lessons to apply in future endeavors.
  • Surround Yourself with Greatness:
  • Engage with high-achieving individuals to elevate your mindset and ambitions.
  • Take Calculated Risks:
  • Balance courage with strategic planning when pursuing larger projects or investments.

Conclusion

  • The episode closes with an encouragement to listen to more content from the School of Greatness podcast and to subscribe for exclusive content.
  • Lewis Howes expresses gratitude to listeners and sets an optimistic tone for continued personal development.

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Additional Information

  • Full Episode Link: [Listen Here](http://www.lewishowes.com/1229-pod)
  • Greatness Newsletter Sign-Up: [Subscribe Here](http://www.greatness.com/newsletter)
  • Follow on Apple Podcasts and Spotify.

Note

  • This podcast serves as an inspirational resource for those looking to enhance their mindset and take actionable steps towards personal and professional greatness.

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Transcript

Automatic transcript. May contain errors.

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.

0:54Biggest failure you've ever experienced and the biggest lesson you learned from it? You know, I wasted so many years, nine years on drugs. That was a big failure. the lesson there is don't be on drugs okay any drug dude yeah like any like like i'm telling you these drugs are so they're so dangerous particularly if you have a lot of potential another mistake was uh you know and i i was too conservative with money for too long i listened to my rich uncle he was a millionaire uncle i listened to my my rich my millionaire uncle had too much of an influence for too long over over my life i should have been learning i should have been watching what the billionaires do they don't operate like millionaires how do they operate differently the think is completely different they don't worry about quarters the millionaires are worried about quarters he's a miser they're misers i know people worth four and five million dollars they're total misers total like degraded they're as bad off as the freaking guy on a street corner you know won't give anybody anything won't share anything looks for every shortcut every sale well i know a guy that's a car dealer that he he must own 25 car dealerships probably makes i don't know four or five hundred he's got to be worth a billion dollars really he goes twice a year and gets one of his employees to get a new macy's car so he can get an extra 15 of them he's probably a billionaire on paper but not a billionaire in his heart because the real players, the real guys, they'll go out and buy a jet.

2:26That's why I bought a jet. I'm like, okay, my millionaire uncle would never buy a jet. That's a bad investment. But the billionaires, they all own them. Why? Because they value time more than money. Right? They want to buy time. Because it doesn't make sense financially for you. No. You're losing money on... Totally. So when you buy a jet for$60 million, you know that jet's going to zero. One day it's going to be in some salvage, some joint somewhere being taken apart for parts. so all jets go to zero so you know when you're buying it it's going down to zero it's not going to be worth more money but the things it brings you dude it buys you time it buys you a jet is not like a boat by the way a jet can get you to business people go to boats jets go to people and so i can just tell you we bought that jet two years ago i paid for it the first year from the deals you got it got me to new places yeah and it got me a better quality of life because now my kids are with me, you know, hanging out.

3:20Yeah, peace of mind as well. So big failures. I did business with a guy when I was 45 years old that I shouldn't have done business with. That was a huge, huge mistake. And a big lesson I got from that, though, was, you know, I know what's true. I know when I see the indicators on a dude, I don't need anybody to tell me he's all right or not all right. I know what I know. Trust the intuition. Trust your discernment. And what I see, not just the feeling, but, like, people do certain things. Bad guys and bad women, they just can't hide it. They do do certain things if you just pay attention. Everybody that's ever been in a bad relationship with somebody that left them with a worse situation, there was some clue along the way that you just denied.

4:05Later, you're like, damn, I knew it, man. Exactly. Biggest thing that's holding you back right now that's holding you back from reaching the next level? Courage, probably. You don't think you have enough courage? I think I could use a dash more. Really? Why do you say courage? I mean, well, because, you know, rather than bragging about the, you know,$90 million deal I'm going to do, I could go figure out how to do$900 million at one time, you know? But instead, I'm going to take the easy. I'm going to take the layup. Why are you taking the layup and not getting the slam dunk? Because, man, dude, it's a big deal.

4:43$90 million is a big deal. Heck yeah. Right? I'm like, damn, that's a big deal, dude. But if I was going to look, if I look back over my career, that's what I've been doing the whole time. I've been making the layups. What are we comparing? We're just doing the middle class comparison thing. Rather than doing the$90 million deal, I should like, hey, why don't I just go do 10 of those at one time? 900. You know, the 10X thing, it doesn't really, there is no end to the 10X. No, because once you're there, then it's another 10X. Well, a 10, and the X is a multiplier. So most people miss that in the book.

5:14they're like oh it's 10x you got a 10x everything i'm like dude the x is a multiplication symbol it's 10 times right and it doesn't end it just keeps timing and so i would go do a 900 million dollar deal that would be awesome what's it gonna take for you to go do that now courage and and a heavy pitch i feel like you got it i think you got both i need a whipping cream pitch dude heavy heavy whipping cream and and and i need uh i need some dough dude oh you need money to do that yeah I mean, I need$225 million. So who's got your money? That's the battle cry. Yeah, I can get the$225. The$225 is not the problem.

5:50It's like, can I go pitch? Who do you need to pitch to? I need to pitch to a group. Which group? I need to find somebody that needs me on the ground. Chinese, Japanese. There's no one here locally. This deal could be, could be, could be. I need to go think that way. See? See, now, damn, dude, the school of greatness. That's why people come here. It's big, dude. Because see, now, here's the problem with me. Once I bite the apple, I don't let go of it. I can't. I'll never be able to get off this 900 now. Well, here's the thing, if I'm going to be honest with you. Yeah, yeah. I feel like you're playing small.

6:27I feel like you've been playing. You play big to so many people that watch you. Yeah, yeah, yeah. But knowing you and being around your energy and seeing how you do events, I'm just like, damn, Grant is just throwing it down in so easy for them. They look big, but it's not that big for you. You're right, dude. It's so small compared to what I know you're capable of. There's just nothing that holds you back. And so I don't understand. It's just a couple extra zeros. It's the same deal. It's the same deal. Between a$2 sticker and a$2 million deal, it's the same deal. And you've got the courage and the energy to make it happen already.

6:59So I don't know what the hell you're waiting for. This is the beautiful thing about being around people like you. Getting around the right people.

7:19Thank 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 podcast 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 podcast 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.

8:09Again, have an amazing day and I'll see you tomorrow with another episode of the Daily Motivation Show.

From the publisher

The Summit of Greatness is back! Buy your tickets today – summitofgreatness.com

Grant Cardone emphasizes the power of persistence and resilience. He acknowledges that the road to success is often paved with challenges and failures, but it is the ability to persevere and learn from these experiences that separates successful individuals from the rest.

Check out the full episode: http://www.lewishowes.com/1229-pod

Sign up for the Greatness newsletter: http://www.greatness.com/newsletter


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