Turn $40 into $10 million - Grant Cardone & Warren Buffett

Grant Cardone, NY Times bestselling author, self made multimillionaire entrepreneur, international sales master and motivator in business and life offers insights and advice each week on the Cardone Zone, a show that helps people better their careers, businesses and finances so they can create true freedom in their lives. In this episode, Grant Cardone talks about long term investing and how the media leaves out important facts. He uses the example Warren Buffett saying that long term investing requires patience because if one made a $40 investment in Coca-Cola in 1919, they would have 11 million dollars today. Although Grant studies Warren Buffet he knows there are other things to consider. First, $40 in 1919 is equivalent to $515 today. In 1919 few people had $40 to invest with, Coca-Cola was an unknown brand in 1919, History impacted the stock making it likely you'd sell it, 1919 was 95 years ago so you'd be old or dead, unable to use the money. Grant then offers 5 ways in which he approaches money and investing. He advises: 1. Focus on generating income. 2. Create surplus income. 3. Set aside money that can be risked. 4. Invest in sure things. 5. Avoid investments that can be disrupted. Important Links & Resources For More Information Twitter: https://twitter.com/GrantCardone Facebook: https://www.facebook.com/cardonesuccess Main Website: http://www.grantcardone.com Sign up for your free weekly strategy from Grant: http://www.grantcardone.com/cardone-success/ Interested in having Grant speak at your organization? Email: Contact@grantcardone.com Key Resources Mentioned in Today's Show: How to Become a Millionaire by 30: http://www.entrepreneur.com/article/234454 Warren Buffett: http://www.warrenbuffett.com/ CNBC: http://www.cnbc.com/ We want to hear from you! Did this episode give you any insight or some ideas you can apply to your business and life? What is your next step? Comment below. We read them all. If you have a topic you would like for Grant to explore send an email to contact@grantcardone.com we welcome your ideas! Cardone Zone airs weekly at 1PM EST on: http://cardonezone.com/ The Show Hotline direct to Grant Cardone is: 305-865-8668

Comments

1. I absolutley love your videos!
2. Hey sir, I have a bad marijuana problem, what would you do if you were in my shoes right now?
3. just watched this one and I agree, 2013 my stepdads passed away in a car accident. looked at my life making a whopping 8 bucks an hr. I may not be a millionaire yet, however I did something about it. I even walked away from one job that was bad for my health and mental wellness and knew it wasn't worth working there after denied the pay raise I was expecting. the company I'm at I had to go through the temp agency 2 but I went from 8 bucks an hr to almost 16. I get overtime as well. however as he said make the money first then you invest.
4. I listen to you every day, Uncle G. Keep the wisdom coming!
5. Brilliant video. Thank you.
6. This motherfuckers on fire
7. 2:nd time I listen 2 THE 10X RULE. It's renewing my mind. I sleep like my baby listening 2 you before sleep AND I wake up motivated lika a.. Squirl! 🐿
8. I came to some of ur videos tonight only after looking at a ton of other crapy real estate videos from other so called experts...I must say i love ur personality and u make laugh and learn at the same time..i can say this i will only read and look at ur stuff for the serious stuff....yrs ago about 4yrs i went to work for my uncle Larry Davis out of visalia ca he was an appraiser for real estate his company was Davis appraisals for over 40yrs....we had lost touch as i grew older but he knew i fell on hard times back in the day but knew i had the drive and the fire in my eyes to do this..He ended up passing away from bone canser and in 1yr i lost my dad abd his brother my uncle Larry who was the invester real estate appraiser...so no im living in oregon not in the game anymore but still have the drive and hardley much income.MY wife is in the medical field and earns enough to support us tell i get this going far as real estate investing....I will put out all effort needed but just need a push in the right direction...Thanks u are the man
9. It's not the rich vs the poor. It's that some people know how to create income, and some don't. The war, is within yourself. Don't be a solider in the war, be a warrior in your biz. Take the ultimate risk...INVEST IN YOURSELF.
10. what is that intro song?
11. You are a blessing and a role model with a great idea for those who make use of it. "You can hear a good advise, but if you don't heed it. It does no benefit to your system."
12. he'll Yeah That's What's Up Bro
13. shut up and take my money. :)
14. i wish i could be mentored by you
15. Jamal Tyler former Pitt state running back. you da man grant dont ever stop being a worldwide busineas leader. i follow you man!
16. 7:14 stock market crash of 1920???????
17. I have been investing in Real estate for 17 years.. I am great at thinking outside the box, I even have Bankers ask me how to put deals together.. BUT I know I need to learn more to get to the next level Im stuck in a box.. I know I can do sooooo much more.. I would love to have you as a mentor..
18. flyshit
19. Great advice.Very simple and makes a whole lot of sense. I agree Real Estate is a sure thing, renewing RE license, no one is going to stop needing a place to live. How do you feel about the tiny house movement? Would you invest if there was a way to make $10,000 a month on each deal?
20. You just got yourself a new subscriber. I love your approach, your thinking and the confidence in everything you say. I'm on board. Keep it up!!!