Last year, I stumbled upon a podcast with Lewis Howes interviewing Grant Cardone.
The podcast was mainly about the topic of money and at the end of the show, Grant Cardone gave away 1 Million booklets for free, so I decided to order one.
The booklet lays out the step by step process that will help you to become a millionaire. In only 44 pages, Grant Cardone condensed the most important lessons of how to become super rich.
In this article, I will share those steps with you, but I still recommend to get the booklet yourself for two reasons:
- This article is just a brief summary, the booklet contains more lessons
- And most importantly, it’s for FREE (if you don’t take advantage of that, you’re not ready for this message)
Why am I sharing this?
Because I believe that it is important for all of us to develop this money mindset to a certain degree.
At the end of the day, we are living on an economical planet and money effects our lives in almost every aspect.
As Cardone says:
“The reason most people never get rich is that they never even consider it a possibility. The other reason is that people fundamentally don’t understand money. Very few people know how to get money, even fewer know how to keep it, and almost no one knows how to multiply it.”
This is such a profound statement and understanding this, will make a tremendous change in your life.
So, without further ado, let’s dive into the 8 Steps that it takes to become rich, according to Grant Cardone.
Step 1 : Make a decision
The first step to becoming a millionaire is to simply make the decision to become one. It is as simple as that. Once making the decision, your mind will become more determined to do what it takes to get to your goal. This means that you have to lose the middle-class mind and start to think like a millionaire. Everything you do from there, will be cross checked if it’s aligning with your goal. Things that are not aligning with your vision become lower in priority and you start to focus on the important stuff.
Step 2 : Do the math
Once you made the decision to become a millionaire, you need to craft a plan. There are a lot of ways to make a million dollar. But you have to do the math and break things into smaller chunks. By doing so, you will start to see the possibilities and realize that making a million is much more achievable. For instance, you can make a million by having
Annual salary 50k * 20 years
Annual salary 100k * 10 years
5000 people by a 200$ product
10.000 people buy a 100$ product
If you sit down and do the math for your business, you will start to see possibilities.
Step 3 : Increase your income
The creation of wealth is NOT about saving and investing. It is about increasing your income flows. Set income targets and do whatever it takes to reach them. Increase in increments first and in leaps later. It is easier to do that with your own business because you have more control. With a job, you only have so much room to play with. But even then, try to get as much out of it as possible.
Step 4 : Ask yourself, “Who has got my money?”
Now it is time to think about what people you want to serve. Make a list of people who have “your” potential money. The money that they are willing to exchange for your product or service. Focus on those and only on those.
Step 5 : Stay broke
Many people tend to spend more as soon as they earn more. But if you want to become a millionaire, you need to get rid of the consumer mindset. Move your increased income to a sacred account that is out of reach so you cannot spend it on things you don’t need. Keep operating like you’re broke. Human beings perform best out of necessity.
Step 6 : Save to invest. Don’t save to save.
The only reason to save money is to someday invest that money.
When timing is right, take the money from your sacred account to create another symbiotic income flow based on what you already do.
Step 7 : Multiply your income flows
Poor people try to replace flows of money while rich people are trying to supplement (add) flows. Creating multiple flows of income is the only way to become a millionaire and is the holy grail of creating financial freedom and true wealth.
Step 8 : Repeat, Reinforce, Hyperfocus
Think big from the start, hyperfocus and repeat the steps that are laid out.
People will tell you it’s impossible because they can’t do it themselves. Don’t let this hold you back. Surround yourself with likeminded people. If you don’t change your surroundings, you will not make it.
What do you think?
Does it make sense for you? Do you care about becoming a millionaire? Let me know your thoughts in the comments below. Even if you think it’s all BS, I’m curious to know. And shoot me your questions if you have any.
Also make sure to get his free booklet as long as you can. By doing so, also pay attention to his sales funnel. These are valuable insights that you can apply to your own business.