Lessons - Why Thinking Small Keeps You Poor Forever | Grant Cardone - Real Estate Mogul & Sales Expert

In this lessons episode, discover why raising financially confident kids begins with early education and removing distractions. Learn how to unlearn limiting money beliefs, understand why most people give up on wealth too soon, and explore how choosing discomfort leads to lasting financial freedom and generational change. What do you tell parents when they're trying to raise their kids? You made a good point. Yeah, you don't have to think the 2025 is the right age. You can get your kids started early young to help them understand business, help them understand to conduct themselves, help them understand how to invest. The parents, a lot of parents don't do that. I don't think you're the norm. No, you're not the norm with the parents. I don't know. I watch my kids, you know, I know it outlier. Huh? You're a good outlier is what I'm saying. You're not the norm. Well, maybe. I mean, I don't know who knows. It's yet to be determined whether I'm a good parent or not. We'll see what, you know, when they grow up and they start functioning in society, and they start, you know, going out on their own doing their own deals, then we'll find out whether we got a really good product out of our kids or not. But, you know, when I'm watching my kids at six and seven, watch YouTube, I'm like, that can't be good for them. So now I could take the YouTube away from them, but then what are they going to do? Like I need to spend time with them, you know, to like, because I want them to hear what I'm doing. Now, just because I think what I'm doing's right. Yeah. Um, but what's your advice for parents on how to raise good kids? Well, he's being super kind and, and you're saying that we don't know. Listen, my advice to parents is phenomenal. My advice to parents is, is you cannot turn them over to YouTube and Facebook. Those are not nannies. Okay. Or, or like I grew up on Tom and Jerry TV, TV's just another TV was an early form of YouTube is garbage. You're watching garbage every day junk. You're being sold, terrible foods, medications, one out of every three ads on any channel that you're on is going to be you got hypertension. You got a restless legs syndrome. Do you have erectile dysfunction? Do you have depression? Uh, but polar like this is terrible shit. Your kids are being programmed with to believe these are normal fucking things. They're terrible things and they're not even real. So get your kids off of TV, get your kids off of YouTube. You got to get your kids active. You know, we took our kids out of school. I do not want my kids with your kids. No offense. That's how you're raising your kids. I don't want my kids with your kids. Your kids believe in all this made up diseases and shit. I don't want my kids here and from your kids, what your kids have been programmed to believe. So and it doesn't make me right. Like I'm not making anybody wrong here and what I'm saying, we took our kids out of school. We took full responsibility for their education. We homeschool them with this 365 days of the year almost. Um, they're required to work for us since they were six years old. They have contracts to work force. They have a list of things they have to do. Hmm. They're happy kids, man. They're very socialized. You know, everybody's like, oh, they're not going to, they're not going to be socialized in the schools. Yeah, exactly. They're going to be socialized the way we want them educated. So and again, I just want to like preface all this, but I am not giving parental advice. I'm just telling you how we raised our kids. Yeah, but I like that you, I like that you have a different opinion than most. And it's not just with how you raised them. It's like you, you have, you have opinions about investing about wealth and you just reframe, you reframe shit in a way that I don't, growing up, I didn't get access to the information about wealth, about investing for my parents. And again, nothing wrong with my parents. I love them so much. Yeah, yeah. But I did, you know, my dad worked for the government, right? It's risk adverse nine to five. So I wish, yeah, yeah, that I had a little bit more of your wisdom. Yeah, yeah, when I was young. Yeah. So how do you, you know, how do you read, how do you fix your relationship with money and wealth if you come from that super risk adverse family? Well, I think you have to, you have to want it. I've been obsessed with the concept of money since I was like eight years old. I've always been interested in it. You know, I'm a kid watching my dad had the power mom didn't have any, you know, I think women, women couldn't even get a damn credit card till like 1974. Is that true? Is that true? I don't know, that's wild. Let me ask. When did women first get a credit card? 1974. Get out. Dude, I was graduating from high school. And, and, and kids, my mom couldn't have access to a credit card. If she wanted to get a loan, she needed a husband or a brother. Why am I telling you that? Because how can women women have been left left alone in the finance department? Okay, my mom, the woman that raised me because my dad died when I was 10, didn't have access to a credit card. So that was suggesting that women didn't understand about money. The men were out working to take care of the women and dad dies. I don't have anybody teaching me about money either, but I noticed this. My dad had control of the money. He's the one that said what car we drove or had when we bought a house or didn't, how much money we could spend. If we ever went to Disneyland, you know, and we did, we went to Disneyland one time. I had one trip in 10 years. And it was the end of his life. He knew it. So I'm like, man, whoever's got the money, bro, makes the rules. And so I've been obsessed with the concept of money. So the first thing I would tell you is people need to make a decision whether they're, they want money or not. And I think most people have tapped out. It's got on the money game. They're like, I'm not going to have it. The game's rigged. I just need to be happy. I'm just going to save, I'm just going to save what a little bit I have. Rather than, no, I'm going to earn more. And I'm going to create wealth for myself and my family. So I think that's what people need to decide first. If they want to change, do you even want to create wealth? People do. I'm sure deep down. I don't think so. You don't think so? No, I think most people have quit on it. The concept. Do you think they quit because they don't know how? I think they quit because they don't believe they can be because they've been programmed to believe you can't be one of the wealthy people. And I mean, it's for them not for me. That's that's what they think. Money's for the other. The one percent, the point on. Yeah, it's for some group. Yeah, some specific race. You know, and I don't know how to get it. So I'm just going to take the job I have. Like I would highly recommend everybody to make wealth one of your number one most important ambitions in life. To have wealth to create tremendous amounts of prosperity for yourself and your family income, acquiring assets, passive income, massive appreciation, like have tremendous, like like I think a target for all married couples and individuals. Regardless of what your passions in life are, if you're an artist, your your goal would not be to be a starving artist. It would be to be a wealthy artist. No, of course. You know what happens in Toronto. This is what happened in Canada. In Toronto, cost of living is very high. Yeah, young, young people, young people, whatever. There you go. Yeah, yeah, yeah. 25, 30 year old people cannot buy a house. Yeah, they can't buy it attached home. So they're trying to buy a condo or they're renting a condo. Yeah, yeah. And then they're getting married later. If there's too expensive, they're having kids later because it's too expensive. And the thing about Toronto, which is even worse than New York or Miami or LA, is the cost of living is going up and the jobs, the salaries aren't going up in line. Right. So now you have a single bedroom condo that's a million dollars, but you can only make 70 grand out of university or college. Yeah. Yeah. How the fuck are you going to afford that if you don't have your parents giving you money? So now all of a sudden, yeah, you feel like, fuck, I just got to push my life back 10 years. So I'm 35 to start when my parents were doing it when they were 20 years old, right? They didn't get ahead either. No, they didn't get ahead. But now I don't feel their loss is stressed out. Yeah. And then this is where they have to start to relearn. You got to decide, you know, your parents thought that the middle class was just enough. They thought that owning a home, paying off your debts, preparing for retirement was going to be enough. They were wrong. This goes back to what we talked about earlier. Look, when you find yourself in a place in life where you're like, this is fucked up. Okay. Whether that's whether that's a drug addiction or you're like, wait a minute, dude, I'm working my ass off. These are just different problems. This is a high, not even a, it's a middle class problem. Man, I'm working my butt off, man, I'm doing everything right. Yeah. You don't talk like that up there. But you I'm doing everything right. But I got nothing. I got no free time. I got no money. I'm stressed all the time. That's a middle class problem, right? What you want is some damn upper class or wealthy class problems. And if you're not looking for those problems, you're not going to have them any more than if you're not looking for a butterfly, you're probably not going to see one. So you've got you're going to get what you look for. Okay. And if you're just looking to get by which most people in Canada are simply looking just to get by, I just want to be happy. I think a lot of people are going to get by Trudeau wasn't that bad. Like, guys, you have the highest tax rates in, of almost any developed nation. The lowest wages, if we added Canada to America, you would be the second lowest state wages in the, in North America. You spent, you take the PST, the GST, you guys have more taxes. It feels like you're at a ditty party. Okay. You go from room to room. Take this, take this, take this. Take this. I'm like, goddamn, bro. Like, you know, you guys just like bang, bang, and you get your little, you get your health insurance for free and you think, oh, we, we get health insurance, you're getting killed. And that's why I am for Canada joining America as the 51st state. It's not just Canadians. It's not just Canadians that are stressed out trying to figure out life, dude. It's all over. It's all over. It's all over. And I mean, we were fortunate that we had the ability to come down here. We had the resources. Didn't hurt too much. We changed our whole life. You figured out how to get down here, though. Yeah. You left comfortable. Yeah. To get, to move toward a dream. Yeah. And that's what people should do. They should leave comfortable. Comfortable is an addiction, too, by the way. Okay. Comfortable is a serious addiction. It allows you to socially drift through life. You don't even know you're on a drug, but you are. You're, you're on a drug of like, I don't want to take risk. I don't want to feel stressed. I just want to know if I just want everything to be perfect. Yeah, bro, you're living in a fantasy. You're addicted to a fantasy that does not exist. And sooner or later, you're going to feel economic stress in your life to retire, to take care of the bills, to take care of your parents. It might not even be you, by the way. You might not be driving begotts and Rolls Royce, and I would, but you find out, oh, your dad's got dementia and you got to put him in a place. And that place is going to cost 15 grand a month. And you want planning on $180,000 a year bill for the next 12 years. Thanks for tuning in. If you found this valuable, don't forget to hit that subscribe button so you never miss an episode. And if you want to dive deeper into this conversation, check out the links in the description to watch the full episode. See you in the next one.