I personally recommend 10X rule. Its just a great book, incomparable to ANY financial books. How i lost $170 million dollars is the closest but still far away.
You are absolutely right. If you owe so much that they can't collect and if they (the lender) does anything to make you default ,it would break them. They will do what it takes to keep you afloat and prosoering
I'm currently living with my parents and I disturb them all day by telling what I read everyday . I think unknowingly it is a great way to remember what you read. And now I’m currently about 80% through "Playbook to Millions by Grant Cardone. I have read a lot of entrepreneurial books and self improvement books, and this book is my absolute favorite. This book is extraordinary and really gets you to work extremely hard toward your goals in life and succeed at multiple different areas like personal finance, business and career. This is an absolute must buy if you need a push to get you going in business or you want more out of life.
You don’t want to be completely reliant on other people. The reason is they gain intense negotiation power, you can flip it if they are reliant upon you.
It is so true, i speak from personal experience. A friend of mine owed tons of money to the government and he was scared but as it turns out he was too big now to seize him.. i was shocked. Happy for him but at the same time felt like this was unfair to a respectful citizen who pays his taxes
There's genius in his madness. Be alert, Grant Cardone is very good at finance. To even access $51M debt takes high credibility and integrity with the banking institutions. They are very conservative with their money. Respect Grant. Dont rush to copy his methods unless you are willing to put in 10X the effort to be as smart as he is.
@ONE FIx Absolutely, the sad point is: poor people teach/condition other people, poverty through mindset/habits, wealthy people, even unconsciously, teach “abundance”. This is 100% true I’ve grown Poor and rich from both sides of my family. Been poor and rich too.
🙂🙂yes…how do you get half billion in debt??🤣or you have that one figured out to be that much in debt you would have to know business really good like USA for example
I like Grant but in another interview he said he was mentally affected by the 2008 crash but not financially. He has mentioned that seeing Lehman Brothers fail made him nervous and freeze up.
I’m a lazy grown up person who is just like a kid. Don’t feel like doing anything. What should I do? Take half a billion dollars of loan, though they won’t lend u a penny.
@@youngatnaruto5842 Ok so at what point does this happen? 100m? 1b? You do realize millionaires can and have gone bankrupt right? Most wealthy people don't have all their net worth in cash in a bank account.... Also you seem to misunderstand my point that is he's a charlatan. Look up the lawsuits against him.
@@nardinit Yes I know most wealthy people do not have all their cash in the bank they have about 1-10 percent of their net worth in cash. Part of still being able to get a loan is if they wealthy have assets they can borrow against, Michael Jackson at the time of his death had 400 million dollars in debt but the bank still kept lending him money because they saw his future earnings potential if he ever decided to tour again and also that he owned The rights to the beatles catalogues and various others at the time was worth 1 billion dollars but selling a portion of it would mean he lose part ownership. Some banks will continue to lend you money if you have some assets to satisfy the debt
I only had one ☝️ girlfriend and one sneaky 😈 link, that was of course…. until I applied the 10x rule! Thx 🙏 ☺️ Big Grant! Now I’m 10x on each side, that’s 20 total.
"if I was 10x richer I would have $551mil of debt, but I only have $51mil worth of debt".... Math is not his strong point... Nonetheless he's rolling in all the money anyways
He’s saying if you become too big for the bank they will never let you fail because they’ll fail as well… genius
Buy, Borrow, Die. The golden rule of most billionaires
It’s not genius, it’s why thousands of Americans died in 2008. The poor pay for these people’s corruption.
I hope that…. Genius thing is sarcasm
@Iliryian Fighter u mean they will come after your family and relative
That's definitely true. Even the government would bail you out to save the thousands of jobs you have created
I was only getting 6 hrs of sleep per day. But after applying the 10x rule I now get 60 hrs of sleep per day. Thanks Grant!!!
Great job im having a hard time just getting to 20hrs a sleep per day!!!
He is right. I own two IT companies and can confirm. Instead of let you go bust, they try to help you so they can get their money back.
lol bullshit 😂
I personally recommend 10X rule. Its just a great book, incomparable to ANY financial books. How i lost $170 million dollars is the closest but still far away.
Thank you
Great not grate.
@@yardman0001 fr?
You lost me at grate
@@grahammichael5519 okay guys, it was a mechanical mistake, lol😅, I'll edit.
You are absolutely right. If you owe so much that they can't collect and if they (the lender) does anything to make you default ,it would break them. They will do what it takes to keep you afloat and prosoering
I'm currently living with my parents and I disturb them all day by telling what I read everyday . I think unknowingly it is a great way to remember what you read. And now I’m currently about 80% through "Playbook to Millions by Grant Cardone. I have read a lot of entrepreneurial books and self improvement books, and this book is my absolute favorite. This book is extraordinary and really gets you to work extremely hard toward your goals in life and succeed at multiple different areas like personal finance, business and career. This is an absolute must buy if you need a push to get you going in business or you want more out of life.
You don’t want to be completely reliant on other people. The reason is they gain intense negotiation power, you can flip it if they are reliant upon you.
When you owe the bank $50 million. The bank owns you. When you owe the bank $500 million. You own the bank.
What I’ve never heard him talk ab is how he avoided that $51m payout to the bank and kept growing 🤔
He talked about it in multiple interviews
@@bankspodcast can you link one? I would enjoy to hear the story!
Lol exactly what I asked I hate when people defend it but don't post a link like please stop talking
Bought a jet wrote it off
He sold his house and bought properties that he rented out.. turned it into a good profit;then just kept finding new opportunities using the banks.
It is so true, i speak from personal experience. A friend of mine owed tons of money to the government and he was scared but as it turns out he was too big now to seize him.. i was shocked. Happy for him but at the same time felt like this was unfair to a respectful citizen who pays his taxes
I love your videos! They're always so insightful and motivational. Thanks for sharing all of that wisdom with us :)
One of the reasons I am so interested in Biz & Investing at 11, is watching Uncle GC's content with my dad. He is so inspiring and original !
Great bro, but first focus on creating the skills that build cash flow businesses then you should start investing
this is the second i’m seeing u in the comments section lil guy😂
🧢
Same bro we gotta start young... I'm 7
It’s motivating to see an ambitious 11 year old and 7 year old in this comment. I didn’t start until 17 I’m 19 now
There's genius in his madness. Be alert, Grant Cardone is very good at finance. To even access $51M debt takes high credibility and integrity with the banking institutions. They are very conservative with their money. Respect Grant. Dont rush to copy his methods unless you are willing to put in 10X the effort to be as smart as he is.
This information is strictly confidential to the highest quality of people.
“how i ran lehman brothers”
Lolol
No they will treat the person with $551M in debt better than the lehman brothers that had $613B in debt. They did the 100x rule
If you're small we'll take everything.
If you're big we'll ask you nicely.
Lol no
Point entered on of your ears and came out the other
@@fgarciz its how it works because the big boys have something to give while the poor doesnt have much to begin with
@@maxen9807 Poor people mentality, that’s exactly what you have been conditioned to think, tons of value to give as a poor person.
@ONE FIx Absolutely, the sad point is:
poor people teach/condition other people, poverty through mindset/habits, wealthy people, even unconsciously, teach “abundance”. This is 100% true I’ve grown Poor and rich from both sides of my family. Been poor and rich too.
I had $5 and I invested it for a year at 8% apy so now I have $54,000 and I don’t have to pay taxes on it so it doubled again to 108 million
So he’s essentially saying, more debt is good 🤦🏼♂️😂
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🙂🙂yes…how do you get half billion in debt??🤣or you have that one figured out to be that much in debt you would have to know business really good like USA for example
Leverage debt I assume.
Yes, Sir! Amen,
Yours
Dave Ramsey
If you use one bank for all your loans you’ll get crossed collateralized. Dan Peña recommends using a different bank for each individual deal.
interesting
Thank you :)
Dan Peña is a fucking weirdo bro do some research on that dude lol
😮😮 what is this interview name in youtube, i want to watch all video, how to find?
If only math worked like Grant, I would’ve been a mathematician.
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People like this scare the shit out of me because his word is gold to a lot people.
His the truth. We ALL should recognize the GIFT that Mr. Cardone is to the WORLD! I’m grateful!
Yes sir Mr G, and you did a big TEN-X on what you told your wife, “$500M” you control over $5B now… and the next time is here.
Basically as the saying goes.
If you owe $1m you have problem
If you owe $100m the bank has a problem
He didn’t even come up with the term “10X” though. I read about 10x in a book years ago about Intel and it’s CEO.
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Nice! That means I don’t have to create my own slogan from thin air
I get to make someone else’s better with my excellence
@@HersonJVillatoro lol what? It’s not like I’m hating on Cardone like a lot of people. I actually like him.
@@nickh2053 I don’t think you’re hating on GC. I like your comment I didn’t know Intel’s CEO had already been using 10X before Grant talked about it
Why would they seize the properties if you're making the monthly payments?
They couldn't. Grant took them in the court and won.
I like Grant but in another interview he said he was mentally affected by the 2008 crash but not financially. He has mentioned that seeing Lehman Brothers fail made him nervous and freeze up.
Man if everyone took his advice so many people would be hurt, go broke, bankrupt due to the risk. It’s awful.
I’m a lazy grown up person who is just like a kid. Don’t feel like doing anything. What should I do?
Take half a billion dollars of loan, though they won’t lend u a penny.
Big eye roll.
If you want to borrow, borrow BIG
They wouldn’t be asking if you’re okay, you would’ve been one of the ones they called up to buy the bad assests
the guy just sitting their with a blank smile on his face 😂😂😂
No your wrong they would have said “You owe us 500M, pay us the whole 500M or we are going to seize all of your property”
But if he thought that, he wouldn’t be at 5B now
@@HersonJVillatoro He wouldn't be at 5b if he wasn't a charlatan either. Hardly a valid point though
@@nardinit Actually what he us saying is true that is why banks keep giving money to people that are already hundreds of millions dollars in debt
@@youngatnaruto5842 Ok so at what point does this happen? 100m? 1b? You do realize millionaires can and have gone bankrupt right? Most wealthy people don't have all their net worth in cash in a bank account....
Also you seem to misunderstand my point that is he's a charlatan. Look up the lawsuits against him.
@@nardinit Yes I know most wealthy people do not have all their cash in the bank they have about 1-10 percent of their net worth in cash. Part of still being able to get a loan is if they wealthy have assets they can borrow against, Michael Jackson at the time of his death had 400 million dollars in debt but the bank still kept lending him money because they saw his future earnings potential if he ever decided to tour again and also that he owned The rights to the beatles catalogues and various others at the time was worth 1 billion dollars but selling a portion of it would mean he lose part ownership. Some banks will continue to lend you money if you have some assets to satisfy the debt
I love the way Grant Cardone thinks Go big or go home Don't fuck around... Half a billion dollars is definitely a lot of money coming in...
Grant would make a good president for the country he’s smart and he ain’t scared!
One question is, having 500,000 dollars as debt is a good thing then?
Only if it’s something that appreciates in value more then the interest of the debt.
This is exactly what Trump did, can't fold the guys that own the city 😎
Only if it’s good debt. Whatever asset it is in is paying you cashflow to cover the payments and give you profit
🔥🔥📈
Totally agree
In other words: super rich people get treated better than regular rich people. 💵
💯🕺🏾🇺🇸 facts
True!!!
That's great
I also want to have 500k of debt and the bank to be my friend. Where can I meet banks?
That's like the old joke. If you owe 100k to the bank you don't sleep at night, but if you owe 100m to the bank the owner doesn't sleep at night.
You should of titled the book I know nothing and I run my mouth but never say shit
What happened in 2008? I'm 45 years old I work construction nothing happened to me
Try it in a third world 'emerging' market. Banks don't lend like this. Your success is about the banks in your country, not about you.
Look up Mike Mastro. They treated him like that.
Not sure if this strategy can be applied by a lot of people lol.
My buddy had 51 million in the bank and they called all his loans and he went completely bankrupt
Conclusion ????
the more you owe the bank!!! In the subject, the bank helps more with the return ???
He owes 100x more now than in 2008 and he’s still winning
the 10x rule came from Dan Pena.
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I believe Donald Trump said something similar. “If you owe 1 million dollars its your problem, if you owe 100 million, its the banks problem”
51mil 10X is not 551mil... its 510mil grant
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Cardone is so underrated
I only had one ☝️ girlfriend and one sneaky 😈 link, that was of course…. until I applied the 10x rule! Thx 🙏 ☺️ Big Grant! Now I’m 10x on each side, that’s 20 total.
I pick things that never happen for the win
great man he is, we need more people like him
Called "too big to fail"
lol.... the next time... is going to be funny..
It works i started with 50 cents i now have 5$ 😊
Fuck that!!!!!!!
If you have 50 Million dollars of debt, that’s your problem. If you have 500 million dollar of debt, that’s the banks problem
Bro tapped in
This guy thinks he’s Donald Trump
He’s building Grant Cardone, not Donald Trump
Who is this advice for?
How about not having debt ?
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I didn’t use to like grant. But I do now
Seems suspect
51x10=510 not 551 Grant
Does anyone know how to add those pop up texts ?
10x rule is how to scam people 10x more
Ben mallah had 50 million in 2008
Bruv, you say half a billion & the captions say #500,000
$500,000
Having the bank worried and damn near forcing them into business with you! Extorting the banks legitimately
Wow 2022 crash will be 10x
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Wow saying nothing while saying everything..this one is an art people
I thought you don’t learn from failures as stated your speech about your misspelled book
I don't think you should rely on the bank being your friend especially when they got you already got the $51 million
Not as dumb as people want him to be.
👍
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What's the 10x book about...BS...😂
Grant grant grant dude take a chill pill. We know and then you fired your accountant and bought a private jet
Zero people commented that GC tried to multiple 51 x 10 and came up with 551
That texting is very off. Someone didn't listen to the content of this vid at all
"if I was 10x richer I would have $551mil of debt, but I only have $51mil worth of debt".... Math is not his strong point...
Nonetheless he's rolling in all the money anyways
I hated this guy but I've seen a couple clips where he's actually making a lot of sense
OK BUT LIKE WHY DID HE CALL MY AUNT THO *im srry if u don’t believe me it happened a while ago* he calls random ppl anywhere
You don't want to be in no man's land.
By Jordan Belfort
bernie madoff
Cant even 10x a dollar bro
Like what 🤦♂️🤦♂️🤣🤣 grant is such a scam artist.. used to admire him until I figured him out.
How about you say 10x less as well.
#1 key, get 50M dollars lol
Thanks for watching, msg the number above I have a great offer for you📥
BS 50million is alot to them to its not like 10k 50million is a whole lot of money yeah they maybe worth 10xs that but still.
10x up your nose
GaryVee vs Dan Lok vs Grant Cardone: ruclips.net/video/GnOV41MclU4/видео.html
Good video!
@@HersonJVillatoro thanks brother!