Billionaire Grant Cardone’s BEST Advice for First-Time Home Buyers in 2024 | E41
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you know look most people just settle for what they want to live in i don't consider that a real estate investment it's a house offer meaning meaning if the house offers it to you don't take it so bank of america wells fargo city bank they've convinced all of america that a house is a great investment for the most part it's a dead money investment you make 80 grand in america you are broke and you can make sense of whatever you want to make sense of and you can say it's terrible you make 400 grand a year

you're probably still broke. Now, nobody likes me saying this stuff. That's why I want to, I mean, I want to come to the money Monday show because y'all can talk this shit. We can have blunt talks.

Ladies and gentlemen, welcome to a very special edition of the money Mondays because the guests we have today literally exudes money He talks about it. He preaches about it It's one of my favorite guys to watch on social media because he talks bluntly about money in our country and our world Needs to have these blunt discussions about money. I am co-hosted here with the real Tarzan Tarzan's been averaging over 200 million views a month on social media insane in the last few weeks He did 215 million views just in 10 days. I

So we have to change the moniker. We got to figure out the new math for the next month. But without further ado, this guest you guys have seen on television, you've seen on social media. He's been around for decades, putting on humongous events, teaching people about money, how to invest and especially about real estate. Please welcome Mr. Grant Cardone. Thank you, man. Appreciate you. Appreciate you. I need to get I want to get a

python yeah i would love to do that because you make it look so easy i got you man don't worry appreciate you and you guys might hear we're actually right next to grant's private jet that's why it's loud outside yeah appreciate all the success you have all the charitable things you're involved in all the people you've helped and you're just a good example for a lot of people appreciate it yeah it's our jobs to inspire people to do the right thing and show them how they can do it all right grant

So the way it works here is we talk about three core topics. Okay. How to make money, how to invest money, how to give it away to charity. All right. So if you could give the quick two-minute bio, and we'll get straight to the money. Okay. Grant Cardone. I own our partner in 11 companies. We have a $4.5 billion real estate portfolio that started from scratch. I owned the first 6,000, then we started raising money for the other expansion that we've had.

And then the other companies, it's a venture company, 10X Health. Gary Bricka? Yeah, we bought that company from Gary. And what else do we have, man? I mean, we're in HVAC insurance. We're launching insurance and financial this year. We do a big event business. I do a big online. I've got a big online presence in corporations, companies, and individuals.

And so I've been very fortunate, worked very hard and deserve most of what's happened to me. Not all of it because some of it's been negative and I don't really want that part of it, but it comes with the turf. So it definitely comes with it. So why is such a big focus of your life been on the real estate category? Yeah, because real estate, I was a kid and I'd watch my dad. He was a he was a stockbroker. And on the weekends, he would put all the kids in the car.

and we'd all go look at real estate. And so I was like, later in life, I'd be like, he was a stockbroker selling stocks, but looking at real estate on the weekends, right? And so I have this still today, like this morning, Sabrina and I got up, we were staying at a friend's house, and we went and just drove real estate that I have no interest in buying. I just want to drive it. You tell me, I remember you were in Hollywood. How's it doing in Hollywood? You tell me it's getting trashed over there. So I've just always had this

fascination with something that's very real. I've always been interested in it. You know, it seems like for at least my lifetime and beyond everything I've studied, it's been a good investment for most people to be in. If you can find the right spot, the right time and the right price.

And it's where I bury my money, man. I work my ass off to earn money. You know, uh, you know, if I, if I got paid to, to, to, to, to freaking whatever you do with the freaking wrestle with a goddamn anaconda and somebody paid me 500 bucks, I'm like, okay, I want to take the 500. I'm a buried in a real estate deal and I'm gonna go wrestle another anaconda in a different, in a different outfit. So, uh,

You know, if I could get all those views you get on YouTube, dude, I'd take the money, bank it, get it from Google AdSense, bury it in a real estate deal and go do it again. So that's what I've done for years quietly. Nobody knew I was doing it. And, you know, it's taken care of my personal finances when I was trying to do this other kind of riskier stuff in business. So people have a lot of options when it comes to real estate. They could buy storage units, apartment buildings, fourplex, single, duplex, single family homes, Section 8. There's

So many options. How does someone that's getting into real estate decide or research or learn what to do in the real estate market? You know, look, most people just settle for what they want to live in. I don't consider that a real estate investment. In fact, I've been very vocal to say, hey, it's a terrible investment. It's a house offer. Meaning if the house offers it to you, don't take it. So Bank of America, Wells Fargo, Citibank, they've convinced all of America that a house is a great investment. It's a shit investment.

For the most part, it's a dead money investment. Your money gets tied up in one asset that never pays you. You have to pay it. You have to feed it. The kind of real estate I'm talking about is two units, four units, eight units, 16 units, even bigger than that. The bigger you go, the easier it is to buy it. Really? The lower your credit score has to be.

But Fannie Mae, Fannie Mae's getting ready to come out with something November 18th this year. If you buy four units and live in it, you can get a 5% down payment. Wow. I'm a little curious why they're offering that shit when the rates went to 8.5%. But same thing Bank of America did about 11 months ago. They offered, they said, we need to start offering first-time buyers in black and brown communities money.

no money down loan or 3% down loan. I said, yeah, y'all waited until interest rate was 7% and then you offered it because you could have done it when it was two, but you didn't. But my point is some of the things you mentioned are great.

I like the residential because you're not going to get rid of renters in America. You're literally going to fabricate renters over the next 10 or 15 or 20 years. Do you think we're going to go much heavier into rentals? Yes. Less people will be purchasing? Yes. Right now, the divide between ownership and renting is about as much as people complain about the rents, as you probably know. I think the average rent in America is $1,875, which you might complain about.

The average mortgage is almost $4,000. So if renting doesn't make sense at half of what it costs to mortgage, how does a mortgage make sense? Which is just a fancy bullshit word for pay rent for 30 years to the bank. Because the bank's going to make 7%. For 30 years, you'd have to make 210% on your money, 200% on the home purchase.

Let's say it's in Orange County with the house is 800 grand. You'd have to sell the house for $2 million just to pay the interest back and break even. Not property taxes, not maintenance, not the wear and tear. You put on three roofs in that period of time. You painted it six times. You've been through seven different lazy boys, probably three wives. Your kids have moved out, hate your guts, and don't even want to come back on Thanksgiving.

That's the house you're stuck in. That's an American dream. That is what is the great American dream is a home ownership. But I'm not talking about that. I'm talking about I buy something. Other people rent. I collect the cash flow and I wait for the rents to go up. And over over long periods of time, you create wealth. Do you like the fix and flip world? Do you like just buying and holding forever? I hate anything that requires a flip because I because because I'm paying the highest taxes on the flip. So and I got to be right all the time.

and most of the fix and flippers want to do what I'm doing. They want 12,000 units paying them two grand a month. They don't want to be, I buy something, I sell it, I chicken. The biggest mistake I made in real estate was not buying more real estate and number two, ever selling any piece of real estate I ever had. Particularly if it had any kind of scale. - So, someone wants to start making money and they're just getting their job, they're making 60 grand a year, then they get up to 70, then 80. When is the time to make the final leap to buy that first unit or two unit or four unit type property?

Well, it's 70 or 80 grand. You probably don't have any money left over. If you live right here where we live, you don't have any money left over. So first thing I think people need to understand is like you cannot make 80,000 and think you're ever going to make an investment. Unfortunately, the government won't tell you the truth on that. I know your boy Newsom won't. Not my boy. I'm just kidding with you. But I'm just saying like the government, Biden's not going to tell you the truth. Nobody's going to tell you the truth. The Republicans aren't. You make 80 grand in America, you are broke.

And you can make sense of whatever you want to make sense of, and you can say it's terrible. You make 400 grand a year, you're probably still broke.

Now, nobody likes me saying this stuff. That's why I want to I want to come to the money. But if you talk, make 400 grand in this country. I mean, I know and you probably know the viewer probably know somebody working at Facebook or JP Morgan that makes 400 grand and they cannot figure out how to send their kids to school, pay a mortgage or rent or their cars. They're fucking broke. At the end of it, there's no money left over.

So the American public's never going to be told by the government, you need more money in order to have any chance at having any kind of financial freedom because you're never going to have enough money left over to invest. That's why they set up all these little scams in government pyramid programs.

Okay. The little, the little scams are 401ks, IRAs, save your money. Okay. Buy some life insurance. They're freaking scams. These are house offers. Okay. This is what, when you're playing blackjack in Vegas and they say, would you like insurance? No, no,

No, how do you know you don't want it? Because you offered it to me. Fuck, you offered me a free seat at the table. I shouldn't have taken that shit. You offered me a free drink. You offered to take my cash and convert it into your coins with your name on it. I shouldn't have taken anything, including the free door, the front door that was open and the room you offered me. I should not be anywhere near this place because your job is to offer me shit where I pay money.

And so that's the same thing with the banking community. Wall Street is basically a massive casino of offers, you know, puts, options, get in, get out, liquidate as fast as you want to. That's why I like the Bitcoin thing, because you're not you're going to you're going to invest in it and wait for it. It's exploding today for anybody that waited on it. Right. So stocks, the liquidity thing. Hey, you can invest in an ETF that everybody tells you you should do.

From Ray Dalio, Warren Buffett, Jamie Diamond, they all tell you, you should put your money in there. Yeah, exactly. You know why? Because they're behind the scam. It's like asking somebody whether you should trim your beard today. If it's a barber, he's going to say yes. You should, bro. You need a little black dye in it, too. House rules, man. Quit playing by the house rules. And the house rules are this. Save your money. It's the way you were brought up. It's the way I was brought up. They tell you, save your money.

Get a good job. Buy a house. OK, go to college. You need to go to college because you're not going to get real money if you don't go to college. I don't know anybody that went to college that's getting 215 million views on YouTube. And then buy a house and then get a retirement account and keep saving your money. And the only people that are benefiting from that is Wall Street and the banks. So when does somebody start? First, you've got to earn more income.

Two, you need to bury all the extra income. If you can go from 70 grand to 100 grand, that extra 30, you should invest it all. This is my belief. Doesn't make me right, so don't try to make me wrong. It's worked for me, so I can just show you that, okay? Take the entire amount from 70 to 100 and invest all that in something that you will never lose that drips, that pays you some kind of cash flow every month, and then never improve the quality of your life

your cars where you live until your passive income could fund it yes so if your kid wants a bike pay it out of passive income okay until you got the passive income don't buy your kid a bike because it's a bad investment they're going to throw it down on the side of the road and not use it here in about three weeks and don't waste money man don't do stupid money matters it does it matters a lot dude and and people say you know some of your audience is going to start i hate cardone it's always talking about money yeah because it matters

You know, when you go to Whole Foods, they ask for money. You try to get a meeting at J.P. Morgan, they're going to be like, how much money you got? Like, it's simple. You need money, okay? And money and happiness have nothing to do with one another. When I'm looking for money, I'm looking for money. I'm not looking for happy. I can get happy sometimes with some money. But just because you have money doesn't mean you're happy. It also doesn't mean you're unhappy. The whole concept behind the Money Mondays is we all grew up thinking it's rude to talk about money. Yeah. You couldn't ask your parents about money.

Loans, jobs, IRS, taxes, 401k. You couldn't ask him about any of those things because that would be rude. At the dinner table, at lunch, at school, at college, anywhere in between. Nobody talks about money. That's why we created this podcast is to have these blunt discussions. So hopefully none of you guys are offended by the things that come out of Grant's mouth today or my mouth or Tarzan's mouth because we're doing it for you. We want you to make more money. We want you to invest money. It doesn't do anything specifically for us outside the butterfly effect that if you make more money, we make a better country. We all win in the long run. So...

As people are going along their financial journey and they're finally ready to make that first step, they buy that fourplex, they saved up a hundred grand, they put 70 grand down, they got 30 grand to remodel a little bit. Walk us through their steps of like when they're doing their first property, what should they be thinking about for the longterm after that? Well, you know, you really should look at the first property with a bigger, like a, like not on a budget, not how much you have for down payment. You should look at

like I learned how to look at deals for a million dollars. I made a, I made a $5 million on my, my first reel. I did a single unit, a single unit, and then I did 48 units. Okay. My 48 units, my 48 units made me a $4.8 million in 37 months plus cashflow for the whole time I owned it. I was like, dude, I just cracked the, I just cracked the code, got rid of the single families. I'll never do those again ever.

I couldn't, no matter what would happen with those single family, they would have never made me five, almost $5 million. Impossible. They can't do it. So now I started saying, Oh dude, you got to look for scale. So you guys that are out, you got 80 grand. Don't look at, I'm going to buy like buying, buying four units is not like going to target with a budget. You shouldn't look, you're, you're buying based on how much dough you have rather than

dude what if i put my 80 with 10 other people we have 800 now i can buy a three million dollar deal interesting what you're really looking for is math not not you're looking for a property first i'm looking for the best property first and then you back in there don't take the money the bag you have or the limitation you have and then try to place that with the deal

find the best piece of real estate you can buy. Okay. And then money will always find the best piece of real estate. Debt will also find it. So I think I did it backwards in the beginning. I went and bought what I could afford rather than what is the best microphone that I can buy, or in this case, best piece of real estate, best location. And if it doesn't have enough scale, okay, like 32 units, if I could find 32 units in a great location,

Where the rents could be raised 200 bucks. I know for sure I make a million dollars from that. Every 200 bucks, 32 times makes a million dollars. About a million two actually. Really? Yeah. So it's just a simple math formula. 32 units is the perfect start. That would be like if I was starting over today, I'd be like 32 units. I mean, I could never start over today because I have all this confidence now. Because my first deal would be 300. Fuck the 32. Let's go for 300. Because then I'll make $10 million on that deal, not $30.

One million. And I know the math is going to work and it's going to work every time. It's just when does the math work out for me? So if I find 32 units, the rents are a thousand bucks and I raise them to twelve hundred because they're under rented, undervalued, not taking care of the tenant. Old guy in there. He's been there. He didn't need to raise the rents. And I raise those two hundred. I make one point two million dollars and I do that every time.

So if that's with the three of us doing the deal or 10 of us doing a deal, it's better for 10 people to be involved in a $1 million score from the get-go than to be one person on a four-unit deal where I can't raise the rent. It's much less a one-unit deal. Because if I can raise a one-unit deal $200, that's $200. That's it. And it doesn't really change the value of that property. But if I can do that at scale. So today I've done this over and over again, 39 times or something. We own 39 different properties.

There's 12,000 units, 12,440 units. If I change the rents 20 bucks, dude, the amount of wealth, right? If I change them 20 bucks every six months, which is not a lot, that's not a big rent bump. Nobody, I'm not taking advantage of people. Then you start talking about explosive amounts of wealth in the future.

It's different than my other business where I'm hustling and I'm trying to sell something, flip something, make some money, sell a piece of jewelry, get a deal, get a gig, get a sponsor, whatever it is. That's hustle and that's earned income. I take all that earned income buried in this asset. So,

Find scale, find a great location. I never compromise location. Every time I've compromised location, I've been spanked later and I've done it because I believe buy low, buy the worst house on the great street. Don't do that. Buy the best shit in the best location and pay the extra price to do it. And then three, hold on as long as you can through good times and bad times. And we're getting ready to go through some terrible times. So I've heard you say before about not keeping cash. Can you walk us through the concept about not keeping cash?

Yeah. So look, if you come give me a million dollars right now, or I win a million dollars, I don't want the money. I mean, I do want the money for a second, but I want to get rid of the money as fast as I got it. I want to take the money, pay my taxes and whatever's left over. Let's say there's a million left over. I want to get rid of the money. I want to go back to zero. I want to go to the thing. I was in the condition of no money when I won. Why would I want to get comfortable? Why would I want to have a million dollars right now? The very thing that got you

Like I see people start a business and they go hustle. They have nothing, man, nothing. The first two or three or four years. And then four years something happens and they start collecting money and they start buying houses and they start. Three cars, four watches. Retirement accounts, watches. And I'm like, why are you doing all that, bro? That's not what got you this. I deserve it. You don't deserve shit, bro. Nobody deserves anything. When you get money, you don't deserve more. You just earn more. The question is, can you keep it? And a lot of people, a lot of people you know. Oh, yeah. Dude.

They hit it, they get it, and they lose it. And they think they can do it again. Yeah, I was talking to Mike Tyson. Mike's like, man, Grant, if I'd have done what you suggest with money, he's like, I would be worth $2 or $3 billion today. And he would. He blew $300 million back then. Yeah. That's like a billion now. Yeah. $300 million back in the 80s and 90s. Yeah. He would be an actual billionaire. He would be.

And he'd still be the great Mike Tyson that he is today. Okay. And now the managers wouldn't have ripped him off. All the bad advice wouldn't have got him because he wouldn't have had the money. So what I do is every time I get a million dollars, okay, and I try to do that as often as possible, I get a million dollars. Wham. First thing I do is bury it in a real estate project where I cannot get to it. Okay. I bought a little bit of Bitcoin, but nothing in comparison to the real estate because the real estate pays me a drip. Okay.

It gives me money every month. It rewards me up or down, the values up or down, it doesn't matter. I still get a reward of some money because of that decision I made. And so I go back now, I wake up Monday,

Monday, the money Monday. I wake up. Shit, I had my million dollars on Friday. Fuck, it's gone today. I can't get it. It's illiquid. I can't go back to saying, I changed my mind Tuesday. I need some money. I can't get it. Emergencies can't get it. My brother can't get it. The law can't get it. The federal government can't get it. They're like, hey man, you owe, bro, what can I tell you? I'm fucking broke. People that are broke don't give money. So now, Monday, I got to go back and hustle again.

And I keep my hustle and everybody's like, why are you always hustling? I'm broke all the time, bro. I don't have any money on me right now. Right. So I got to hustle. And and then I just keep playing that game of hustle, earn money, deliver a great product or service or an event. Somebody pays me for that highly taxed event, highly taxed money. Take that money, bury it in this asset that provides me with some tax shelters, whatever.

and a drip and long-term appreciation. So whether I'm around when I can't do events anymore, I can't do stuff with you, my charities, I could set it up to where those properties as rents go up, continue to disperse money to my charities, my kids, my family, or anything that I feel good about long after I'm alive. So there's a question that I ask. There's actually only one question I ask over and over and over, and I've never gotten the same answer, and I'm not going to get the same answer now.

When Grant Cardone passes away in 100 years from now, 200 years from now, however long you live, right? God bless you. It won't be 200 years. How much? I'm going to do that anaconda this weekend. It might be a week. And Grant Cardone's a multi-billionaire for 30 years, 100 years from now, whenever that time is. What do you leave to the kids? You've never had the same answer? Not once. Not one time? No.

I mean, look, it just depends on what the kids want to do, right? You know, so maybe Scarlett wants some of it. Maybe Sabrina wants some. I don't know. I don't even know what they want of it. Not every kid wants somebody else's money. So I know they're not entitled to it. You know, what do they want to do with it? So how much will I leave them? I won't leave them with the whole thing. You know, right now, I don't give them anything now. They live off a drip.

So we give them a salary. She works for me. She works for the company. She is a write-off, okay? First thing, she saw a video where I was saying, Sabrina's a write-off. She's like, I didn't know I was a write-off. You are a write-off, okay? So we gave her a contract. We give her dollars for that contract. And she has a performance cost. She's here today because she wants to. But this is part of her contract, okay? So she gets paid once a year in January.

We give her a little piece, you know. And then that piece, she gets to look at it for a second, and then we convert that to Cardone Capital, which invests in one of those real estate projects. Okay? Now, we've been doing that four or five years. After a period of time, that real estate project starts flipping her a little dough. I think she's to $600 a month right now. That's what she lives off of. Anything above $667, $670.

She's got to come to me for a loan. She's got to come to me with a trade. She's got to come with me some offer. Okay, something I'm not paying. I don't give her an allowance. I remember I had a $25 allowance. Okay.

A week or a month? A month. So I was like, you're rich. How old are you? 42. Yeah, yeah. I grew up when fucking $25 was a lot of money. So I was like, man, $25. Yeah, yeah. And then what happens with the allowance for all the parents out there is your kids are always going to, they're just going to take it for granted.

You know, you're going to do it one time. They're going to be like, oh, that's cool. Second time, they're going to be like, hey, you know, third time they expect it. And fourth time you do it, they're going to be like, this is not a raise. Exactly. So we don't do that. Never given an allowance. So anything they want to decide how to use money. Hey, I want some Ray-Bans, you know. OK, good. Well, you got some money. It's your money. Do whatever you want with it. But it's paying them. They're earning it. So to answer your question.

And let's say it's five or six years. By then, she'll probably have, they'll probably have a million dollars of their own money invested that they earned that I wrote off because they worked for me. And then they have that real estate that's paying them every month. So hopefully, I would never walk in and say, here's $800 million. Right.

Oh, by the way, Scarlett, here's $800 million. Elena, there's $800 million. I'm dead now. And you guys, they don't even know what to do with all this. So I wouldn't do that to them. Now, whether they want to run the company or be part of the company will be up to them. All right, let's take off the real estate. I wouldn't even give my charity that much money at one time. I will never bomb any entity with that much money at one time. I'd give them a little piece because who knows, maybe you give somebody too much money and

I was talking to Adam Newman about this that founded WeWorks. He's like the number one mistake he made was taking too much money at one time. It can overwhelm a person. For sure. It did for him. Yeah. WeWork didn't work. Right. Okay, let's take off our real estate hat and put on the event hat. Okay. 10X is obviously one of the most legendary events. It's been going on for many, many years. Talk us through the evolution of going from 5,000, 9,000, 32,000 people at a baseball stadium. Walk us through the concept of 10X.

So our first 10X event was in Cabo San Lucas with, I don't know, there was 86 people there. We just picked a name for it called the 10X. I had just written this book. And then the next one, the first official one after that had 2,200 people. We did that in, we did that in, we sold that out in 71 days. Well, I'm like, God damn, dude, I never thought I could do that.

It was a Christmas thing. My staff was starting to get a little antsy. They were tired. Oh, we're working too hard. I said, you guys are working too hard, huh? Every time they do this, I do this. Oh, you think you're working too hard? 71 days from now, we have an event today. I booked a hotel, and then all of a sudden, it gave them a new problem, right? And then we sold it out, and then they quit complaining.

The next one we did, Mandalay Bay, it was 12,000. We went from 2,200 to 12,000 people. And then we went and did the stupid one. Marlin Stadium with 34,000 people in it. We'll never do that again. It's too big. It's too big.

It's too big. It's unmanageable. It's just, you know, it's you just even parking cars for it. It becomes a nuisance. People leaving. It's two hours to leave. It's just ridiculous. So but but I'm glad I did it. I knew I would only have to do it one time and then the flag in the ground. Yeah, exactly. I'm like, OK, I did it. I did that on Super Bowl weekend. So that's how it came about. And then, you know, the goal in the future, that's going to transition to where people do not pay for that event. That'll be a free event.

for our partners, investors. Got it. For your members and students. Yeah, exactly. Got it. So it's going to be a paid completely. It won't be for students. It'll be for members, investors, partners, employees of other companies that we're affiliated with. And we'll continue to do it. I'll have class, you know, spend a bunch of money on it. If I even continue to do them in the future, I think all that goes away in the not so near future.

it'll all disappear for us to do something else. Oh, really? Yeah. I'll be out of the event business. I'll be out of podcasting. You'll be out of podcasting. Yeah, I'll be out of all this. I won't be doing this. You're going to run the country or something? No, I'm not going to run the country. You're the president? I was like, you want to tell us something? No, no, no.

All right. So what is the ultimate goal with Cardone Capital? You have $4.5 billion in growing asset center management. What is the goal for it? Where is Grant Cardone? I'm going to grow that. I'm going to 10X that, dude. I'm going to put $100 billion of real estate together, and I'm going to raise $10 billion privately without pension funds. We're not using debt anymore. I'm buying the best assets I can possibly buy. We're looking at a deal on Michigan Avenue right now. I just put this under contract, actually.

I'll do this deal without wealthy people's money and without, look at this. Whoa. Yeah. I'm serious. This was a $300 million building I'll buy for $150 million from an institution. And I will not put bank debt on it. We'll bank it ourselves. I'll do that with regular ordinary families that are doing 10,000, 100 grand accredited and unaccredited. And I'm going to build a bank.

And I'm going to do this over and over again. I'll become the largest. I'll say it here on this show for the first place. I've ever said it. I will become the largest property owner in America. And it will be done without banks and institutions. This has never been done at this scale before. And I'll do it with crowdfunding using social platforms. And one day the Internet will quit calling me an influence. What is that? Internet celebrity.

I got $5 billion worth of goddamn institutional quality real estate, and they're calling me a, what is it? Internet celebrity. A stupid internet celebrity, which that's not even a job or a title. So that's what we want to do, and I want to do it without Bank of America, without Citibank, J.P. Morgan, Morgan Stanley, Goldman Sachs. Those people have never done anything in this country for ordinary families before.

And it's never been done at this scale. Nobody's ever taken this on. So this is the great project of my life to like literally we paid out 40, paid out $47 million in distributions this year, 53 last year, a hundred million in 18 months to ordinary families. Your family could have got a check yours without doing any of the work. You scribble a check, wire the money bank, and we just sit and wait for this thing to get back to its normal state.

value, which we think is two or three times that. So that's a goal. Small goal, man. It's never been done to this scale before. We have 13,000 investors now. I've only had trouble with one of them in five years. It was over $5,000. It was a three-year lawsuit.

I won it every time we went to court. Three-year lawsuit must have cost you half a million dollars. It cost me $1,058,000 and 74 cents. Over $5,000. Over $5,000. He didn't want to pay the five-year? Yeah. Well, nobody lost. None of the other lawyers will fuck with me now. They're like, fuck, we ain't getting anything out of that guy. He'll fight forever. So the courts, the California courts judged in my favor twice. They were claiming, I mean, stupid shit, dude.

Like all these podcasters and YouTubers, not you guys, but all the trash junk punks out there, the trolls and clickbaiters. He's a fraud. He's fraudulent. He's got a pyramid scheme. It's con game. I'm suing every one of those guys. I've been waiting until I won. I'm coming for you. You guys, wherever you are, you know who did it. You clickbait bitches. I'm coming for you. I will do everything I can to bankrupt your ass and make sure your YouTube channel is either controlled and regulated or taken down. One of the two.

Time has come. Yes. You don't notice bitches. I'm telling you, I ain't a backdoor guy. I'm a front door guy. I'm coming right through your fucking front door. Okay. So I fought this thing for three years just to be right. And I knew we hadn't taken advantage of anybody. The court said no fraud, no fraudulent, no over promoting. All these claims were made by click baiters. No over promoting. There was no videos promising some crazy return. None of that happened. It's crazy in our country, by the way.

First of all, it was CNN and Fox those guys have been doing it for years ABC and CBS but now this virus man of Anybody can say anything they want about you anything anything? Oh your videos are fake man. You actually never even been with a snake They can say anything do you're a fraud you're a con they can say anything and nobody can do anything You you hit to YouTube and say take this down. They're like no, we're not taking it down. Yeah, it's free. They love the action and

So I'm going to do this for all of you out there that have ever been trolled on. I'm going to go spend the money and time and energy and resources to see what I can do. I don't know that I can do it to stop the trolling and the clickbait titles. I know it's cool and everything until it's done to you. Right. And then it's not so cool. Yep.

I'm excited to watch. Yes. I hate trolls. I hate trolls. I despise it. So my agency have 3,500 influencers and the, so many of the girls cry to me and tell me about all the trolls, the comments, the haters and things. And the main thing I tell them is if you just block and delete Adam four, four, four, he disappears from the planet. Yeah. I'm not talking about that guy. I don't mind those guys and comments.

I mind the guy that watches something, takes it, and then does a whole video on it because he's a whore to Google's AdSense dollars. You're basically a slave to the master Google trying to trash my name in order to get a penny. Dude, all you got to do is call me and I'll give you a penny. Okay, but don't trash my name because it's going to cost you everything you got. This is going to be fun to watch. Yeah. I'm excited to see it. All right, so for the last topic, we talked about making money, investing money. Let's talk about the charity side.

Not all charity is money related. There can be energy, power, social media, showing up. Doesn't have to be your daughter doesn't have to go like give 600 bucks because she got 600 bucks. She can go out there and put her time and energy in donating toys, dealing with the homeless, helping feed people, etc. Talk to us about the philanthropy. Why is it important for people, whether it's companies or individuals, to do some things charity related?

You know, I got out of a treatment center when I was 25 years old. And the only thing I did every day was either work on myself to make myself better or help period. I've been doing that since for 40 years. I'm either going to help myself get better and my business, my company, my family, or I'm going to, I'm going to the rest of the time. I'm going to help somebody else. This has never, ever let me down helping other people, uh,

Whether it's time, energy, resources, taking the time to like get somebody to the hospital, like doing a nice thing, passing the bellman. Like there's charity can be like a million different things, right? It doesn't have to be just for the guy broken down. That's the panhandling on the street corner. It could be, you know, seeing somebody struggle through an airport or having a bad day or just saying hi to somebody or, man, are you all right? Anything I could do for you? It's not just money.

Now, when it is money, you know, you guys that feel good about giving somebody one dollar. No offense, but one dollar is going to change anything for anybody. If you're going to be charitable for some homeless guy, hit him with a hundred because you're not changing his life with a dollar. He's like, OK, what am I going to do with a dollar? Like now he's got to go hustle some more. You're just giving him a job and you feel better. You did something. You really didn't do anything. And so I don't know if people will take this in the right way or not, but.

That's why people need to get their money right. You need to get you right. You need to be charitable for you first. I really believe people need to take care of themselves first better because I know a lot of people that are very charitable to others but don't help themselves. So get charitable about you, man. Invest in yourself, man. Nothing wrong with you going to your event. Nothing wrong with you spending money on you. That's charity to yourself so that one day you can actually do charity to somebody else or in scale.

And it doesn't have to be money. It could be holding events. Like we did that 34,000 person event and everybody was so big and so big. I had 2,000 firemen, military, nurses. They were there for free. And that was good for them. But I had to have the seats. The event's got to be big enough to be able to give somebody something for free. So...

Charities never let me down. I've raised, I don't know, $128 million for other charities. I feel good about that. I've given 20 of that, 120, whatever the number is. And I feel better about the money I help raise than I feel about the money I actually gave myself. Just bringing other people together to put a school there, to put something together. You know, it's always, I always go home and feel better about myself.

we're bringing the world's largest toy drive to miami so i'm going to give you a call to send your staff over there i don't need money i just need staff yeah lots of people and you got a lot of people i'll get you some attention for it too last year we broke the guinness broke world records and this year we're doing 10 cities in 15 days wow and miami is one of the biggest ones obviously because it's miami yeah when is that uh first week of december i'll say i'll be there i'll help you okay last question so the world is in turmoil yeah and we're bombarded by media fake news

Don't know who to believe. There's just so much chaos in the world. What would you say to people to stay calm in the chaos and focus on their world? Well, I don't know if I'd stay calm. You know, I would get, I would get, you know, I mean, I believe in some level of anger. So anger works for me, man. You know, I figured out how to convert it to like when you hit me, okay, I'm coming.

I'm coming, man. I like being hit. I like you. I like you. You guys do you want to take me down? Want to do this? That's the energy for me. I converted self free energy. Fucking bring it on. Ding dong. Just give me as much goddamn energy as you got. OK, just bring it. Just give it. Give it to me because I'm going to take and convert that energy. I'm not going to try to get rid of it. Like your friend said, she doesn't want it. I don't even want to delete it. I want to use it and consume it.

So I would tell you guys that what's happening right now, specifically in the Gaza Strip, I think you're talking about. Maybe not. I don't know. Ukraine, Russia. What about America, man? OK, I would expect most of this podcast is how about right? God damn here.

you know your schools are failing you need to get pissed off about that we just had the biggest bank failure in the history of the united states and nobody even talks about it as an event these are all cover-ups they're cover-ups so the last thing that was the last thing so you guys need to get pissed off man you can't just keep meditating because i know a bunch of you meditating and praying and is starting to stack up now so your prayers either ain't working or you ain't meditating right because it's starting to get weird right

We got 14 boats going from China to the damn Mediterranean. We got a bunch of boats going over there ourselves. They're not boats. They're damn cities. And that doesn't concern me as much as we got an open border over here. This stuff will happen here. We got a failing school system, failing health care. We got cities in crumble.

I know people that come from third world countries. They'll go to Baltimore, inner city, and say, I would never live here. And they're from Nicaragua. You know, it's crazy, man, when third world says, I don't want to live here. You got parts of LA that are falling apart that were pristine perfect just five years ago. So I would tell the American public, you need to get angry. Okay? You need to get noisy. Okay? You need to say, stop this madness. Your kids are in school systems where...

Can I talk about this? Your kids are being encouraged to that they could be anything they want to be. They can be a boy. They can be a girl. They can flip. They can be a cat. They can cut their dick off. But hey, how about some you can be successful? How about you can get some abs? How about you can work out one hour a day? Like when do we get back to some of those things? Yeah.

I would just tell people, hey, don't make sense of the chaos. Get angry and write somebody or tell somebody or stand up. We took our kids out of the school system because I don't want them around other idiots. So that's what I would tell people, man. Amen. And get your bank right. Yeah. Get your money right. Because the only people that are going to be free on this planet are people with big money. And that's the way the stack is. So if you think you're going to just get by and have your choices, you're not going to have them.

All right, guys. You're listening to Money Mondays. 444. That's LJ Simpson. We'll obviously try to get Grant back on here. We've got to pull up to the private jet to find him, so we'll have to find him somewhere in the country to get him back. Can I just add one thing about that? Heck yeah, go for it. So the RV, they said, hey, can the RV go out to the planes? And I'm like, you guys, are you guys crazy? Those guys might have bombs on that damn RV. Blow up every plane out there. Don't let that RV out there.

So as I said earlier, we all grew up thinking it's rude to talk about money. That's why the podcast is here. So please share, like, comment, subscribe, et cetera. Follow Grant Cardone across all social media platforms. Enjoy his content. Learn from him. Learn from the topics about real estate specifically because that's what people need to be looking at and investing. Make sure to check out The Real Tarzan. Go to themoneymondays.com and we'll see you guys next Monday.