"They Want To Keep You Poor!" (BIGGEST MONEY MYTHS) | Grant Cardone & Lewis Howes

Fear of Money

Lewis Howes and Grant Cardone discuss the pervasive fear of money and its roots in misinformation and upbringing. Grant shares his personal experience of being terrified of money, a sentiment echoed by many due to a lack of financial education and the fear of losing what little they have 1. He highlights how societal teachings, such as the idea that money is scarce, contribute to this fear 2.

Money is a terrifying concept because it's the one place where everybody gets it, and now what do I do? And I can lose it now.

--- Grant Cardone

Grant emphasizes the need to shift from a scarcity mindset to understanding the abundance of money and its potential when properly managed.

   

Financial Beliefs

Grant and Lewis explore the necessity of rethinking traditional financial beliefs and adopting more aggressive wealth-building strategies. Grant advises assuming that everything one knows about money is incorrect to start with a clean slate 3. He stresses the importance of investing in oneself as the most valuable asset, even if it means using debt to do so.

The first thing people should invest money in, even use debt on, is their personal improvement.

--- Grant Cardone

He also discusses transitioning from high-earning careers to sustainable wealth through real estate investments, using the example of a rapper planning for long-term financial security 4.

   

Embracing Success

The conversation shifts to understanding and accepting success, and dealing with societal misconceptions. Grant explains that one cannot learn from or model successful individuals if they harbor resentment towards them 5. He shares a personal anecdote about a misunderstood joke during the COVID-19 pandemic, which led to people falsely believing he was going bankrupt 6.

You can't hate and learn at the same time.

--- Grant Cardone

Grant emphasizes the importance of learning from successful people rather than envying them, as this mindset shift is crucial for personal and financial growth.