How did Grant Cardone raise $1.1 billion through crowdfunding?

Grant Cardone raised $1.1 billion through crowdfunding by building a large audience, offering investment opportunities, and not relying on wealthy individuals or equity funds.

Why is it important to not consider a million dollars a lot of money?

It is important to not consider a million dollars a lot of money because it takes a tremendous amount of money to have true financial freedom, and the belief that a million dollars is a lot of money is perpetuated by those who don't have it.

How can one break the cycle of poverty and become financially free?

One can break the cycle of poverty and become financially free by focusing on building wealth rather than just being rich, and by not comparing themselves to others.

What is the importance of building relationships in acquiring wealth?

Building relationships is important in acquiring wealth because it allows access to other people's credit cards and ultimately their money, rather than resorting to theft.

Interview with Grant Cardone: Building Wealth & Financial Freedom

Name: Interview with Grant Cardone: Building Wealth & Financial Freedom
Uploaded: 2023-08-10 02:12:07
Description: Building wealth and financial freedom requires recognizing the abundance of money, building relationships, investing in real estate, and attracting successful people.

This article is a summary of a YouTube video "Young Entrepreneur Interviews Billionaire Grant Cardone" by School of Hard Knocks

TLDR Building wealth and financial freedom requires recognizing the abundance of money, building relationships, investing in real estate, and attracting successful people.

Mindset and Strategies for Success

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"You have to quit comparing yourself to everybody else if you want to break the cycle of poverty and become financially free."
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Grant Cardone's journey from millionaire to billionaire showcases the potential for exponential growth and success with the right mindset and strategies.
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Grant Cardone shares his strategy of going from $100 to a $10 million business in 90 days by focusing on adding zeros and quickly getting rid of the initial investment.
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"Reinvest in your business, marketing, brand, information...anything that makes you faster, better, and more confident." - Grant Cardone highlights the significance of continuous improvement and investment in oneself to achieve success.
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Grant Cardone's mindset shift from single-family deals to multi-unit deals allowed him to make millions of dollars and become a multi-millionaire.
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The success of his third deal, earning him millions of dollars, made Cardone realize that if he repeated that success 10 times, he could become a multi-millionaire.
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Grant Cardone's secret to sales success: "80% of everything we do here is free, now the 20% has to pay me."
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Grant Cardone explains his strategy of offering free content to attract potential customers, with the intention of eventually converting them into paying clients.

Financial Growth and Investment

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"You know how many times you have to make a million dollars to become a billionaire due to math on that yeah. Okay people think I'm gonna go from a million to a billion uh yeah. You know how many times you've got to bank a million dollars pay taxes. All the employees keep a margin of it. How many times you got to make a million dollars to become to keep a billion dollars thousands and thousands of times and not blow it."
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"I don't even have a credit score... My credit score is I got 450,000 coming in off the internet every morning. Wealthy people don't have credit scores, they got assets."
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If every American focused on creating a billion dollars in net worth, our country would become the superpower of all superpowers forever.
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Real estate can be a highly lucrative industry, with the potential to generate billions of dollars in value.
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Despite less than 0.1% of his online audience buying a product from him, Grant Cardone still made $155 million, highlighting the potential profitability of a large online following.

Perception of Money and Wealth

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Grant Cardone challenges the perception of money, stating that the belief that a million dollars is a lot of money is based on someone who doesn't have a million dollars telling you so.
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"We all think green is green because somebody told us... The only reason we believe a million dollars is a lot of money is because somebody told you that it was a lot of money." - Grant Cardone highlights the influence of societal conditioning in shaping our beliefs about money and wealth.
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"Money is just a tool, it's a tool man." - Grant Cardone emphasizes the importance of viewing money as a tool for achieving goals and success.

Q&A

How did Grant Cardone raise $1.1 billion through crowdfunding?

— Grant Cardone raised $1.1 billion through crowdfunding by building a large audience, offering investment opportunities, and not relying on wealthy individuals or equity funds.
Why is it important to not consider a million dollars a lot of money?

— It is important to not consider a million dollars a lot of money because it takes a tremendous amount of money to have true financial freedom, and the belief that a million dollars is a lot of money is perpetuated by those who don't have it.
What is the key to building wealth and financial freedom?

— The key to building wealth and financial freedom is recognizing the abundance of money, building relationships, investing in real estate, and attracting successful people.
How can one break the cycle of poverty and become financially free?

— One can break the cycle of poverty and become financially free by focusing on building wealth rather than just being rich, and by not comparing themselves to others.
What is the importance of building relationships in acquiring wealth?

— Building relationships is important in acquiring wealth because it allows access to other people's credit cards and ultimately their money, rather than resorting to theft.

Timestamped Summary

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00:00
Building a large audience and offering investment opportunities, Grant Cardone has raised $1.1 billion through crowdfunding, emphasizing the importance of not considering a million dollars to be a lot of money and not complaining about money problems when you have no money.
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07:49
To break the cycle of poverty and become financially free, focus on building wealth, recognize the abundance of money, build relationships, and strive for wealth rather than just being rich.
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12:11
Build a brand that will provide for future generations, use money as a tool to create a successful business, reinvest every penny, and build a personal brand by being yourself and showing up every day.
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17:36
The speaker discusses their progression from closing a single unit deal to closing a 48 unit deal, learning that buying individual houses is not scalable and investing in real estate differently to solve this problem, leading to becoming a multi-millionaire with numerous units and businesses.
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24:40
Following the money and using a navigation system to find opportunities is more effective than relying solely on technology, as demonstrated by a story about tracking large boats in the south of France.
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28:55
Scaling a business is crucial for long-term success, and attracting successful people is key to growth, as success attracts success.
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34:00
Grant Cardone's secret to closing massive deals is that 80% of what he does is free, but the remaining 20% pays him $150 million, and he has raised 1.1 billion dollars crowdfunding on the internet without going to wealthy people for funding, by building a large audience, creating great products and offers, and then inviting them to invest with him.
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40:03
Manufacture the feeling of being sick and tired of your current situation, focus on the game of production, be responsible with money, invest in real estate, and believe in yourself.