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Home > Young Hustlers > 012: How Millennials Can Get Rich


	Podcast:		Young Hustlers
	Episode:		012: How Millennials Can Get Rich
	Category:		Business
	Duration:		00:42:36
	Publish Date:		2014-03-10 02:00:00
	Description:		NY Times bestselling author Grant Cardone discusses the top money mistakes millennials make. Viewers and listeners share the mistakes they’ve made with money. Grant Cardone and Jarrod Glandt begin the show explaining the there are many money mistakes millennials may make. Jarrod admits that he once bought 25 strangers at a bar shots of Patron tequila. Grant explains that it is important for people not to put their attention on the wrong things. He urges millennials to think about the life they want and then work to build wealth to achieve true financial freedom. Grant and Jarrod discuss these money mistakes: 1. Settling, not striving. The wealthy never get enough wealth and never seek comfort. They seek freedom and abundance and always strive for more. 2. Diversification. Andrew Carnegie said, “the way to get rich is put all your eggs in one basket and then watch that basket.” 3. Depending on one income flow. 4. Comparing yourself to others. 5. Seduced by the hottest, newest, thing. Avoid investing in any companies that can be displaced by new technological developments. 6. Naïve and too trusting. 7. Saving to save. To create wealth you must move surplus money into investments that will create more income producing activities. 8. Being a premature baller. On the other end of the saver is the spender, the one who is trying to impress others with their cars, clothes and watches.
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