Grant Cardone: The Millionaire Booklet [Review 2021]

Grant dispels the myth that you can only become a millionaire by sheer luck. Most wealthy people are from diverse backgrounds. Most people don't realize they can become wealthy. They were among the ones who were told to be happy with their current circumstances.

People don't know how to make money and how to save it. The United States is one of the richest countries in the world. 76% of Americans live on the streets, half have no savings for retirement, and 47% are left with less than $500 for emergencies.

He believes it is absurd that people think you can achieve financial independence simply by saving money.

Grant writes, "I have heard people tell me they save $700 per year by not going Starbucks. But, saving $700 per year for the next 50-years won't make it rich... you'll be old."

Many people have problems with the financial advice that they receive. Most people who get advice about money don't have any, or accept that they are poor. Some people we receive advice from don’t believe it’s possible to become wealthy. Some of us didn't learn the basics of money making from our parents. He suggested that we seek advice from people who have made a lot of money and are financially independent.

Financial freedom is about offense, not defense. It is not about clipping coupons from the local paper to get rich. Rather, it is about building an income stream multiple times. Your income can be increased by investing in assets that generate money. These assets can make money by taking calculated risks.

Grant discusses in his book how to become millionaire. He suggests getting rid of the middle class mindset and adopting a mindset that is geared towards millionaires. It's not easy to become rich. But it is possible if you have the wrong mindset. Many people don't realize they have made more than a million dollars in their lives.

Real Estate is a great way to make money, but you need to be willing and able to put in the hard work required to become an investor in real estate.

The program that helped skyrocket my online business to $40,000+ per month teaches some of the Real Estate skills, but shows you how to monetize them in a much, MUCH more profitable way.

For a $50,000 salary over 20 years, that is 1,000,000 dollars.

Let's now do the math.

Here are some other ways you can make a million dollars.

• A $100 product can be sold to 10,000 people
• A $200 product can be sold to 5,000 people
• 1000 people can buy a $1000 product

Grant suggests that you let extra money accumulate after you have increased your income. You should invest any money that is not being used for investment in a bank that has a surplus.

He did this because he wanted to continue making more money. He even earned more money than he ever has, but he kept the extra money in a separate account. He was unable to pay rent because he had a slow month. He had to negotiate with the landlord. He learned that to get the future income you want, you don't have to work for it.

Grant talks about why it is important to "Stay Broke". Grant explains that this is the best way to lose all desire to be rich, and it's the only way to get rid of your need for comfort.

You should instead take the money and put it to work as soon as possible. You'll be unable to achieve financial independence for your grandkids and children if you don't.

Keep your money when you make it! For that success, you must continue doing the same thing.

It's now time to get started. Grant's simple rule states that you must save money to invest to become super rich. Most individuals don't even prepare. Think about all the times people have had the opportunity to invest but didn't have enough funds.

Sometimes we are just too timid. It is important to create an environment where income flows your way. You can only do this if you have enough cash to invest.

But you can't be reckless. It is important to feel confident enough to risk it all, and to lose it all knowing that you and your family will be okay if your investments fail. You can go ahead if you have previous income flows. Keep saving.

The mistake the middle class makes when it comes to spending their money is that they do not save enough. The wealthy, however, seek out ways to generate multiple streams of income. This is the ultimate way to achieve financial freedom and true wealth.

Grant also noticed that people who have multiple streams of income tend not to return to the first one.

His students often hear him tell them that creating a new flow requires you to not abandon your income streams. You should always look for ways to improve your existing income streams.

This is a way to make sure you are always looking for ways to improve your environment and yourself, even if it means your family and friends. You don't have to avoid your old friends, but you can add more people to your network of influence. You'll likely lose your old friends.

We all want to be part of the elite wealth-builders. To do this, however, you must build relationships and socialize with the people you desire to be like.

Find people who are successful to build your circle of influence. People who spend most of their time improving themselves, are involved in causes and make it a priority to improve their lives rather than focusing on the negatives.

Grant created the Millionaire Booklet to make it easy for you to refer back to until you are a millionaire. Eight steps are laid out by Grant in an easy to understand language. This language will enable you to have the lifestyle you want.

Most of us didn't grow up knowing how to make it big. Schools, Colleges and Universities teach us how to work for the man, and get "good-paying careers." More people find themselves below the poverty line. Yet, people still get rich and continue to get richer.

“Money seems to flow to those who give it the most attention and take the most responsibility for it.”

- Grant Cardone