Episode Details

Hello Wealth hackers!!

What a week!! Fresh off Thanksgiving so it’s already a short week and I took a 6am flight to Miami, Florida on Tuesday for my meetings with Grant Cardone and Steve Spray at Cardone Enterprises.  Honestly, I don’t usually book my own flights, Cherry usually does or my travel agent but being ultra frugal at times can cost me in different ways than money and this time it did. Getting up at 2am for a 6am flight really cost me a lot of energy on Tuesday so let that be a lesson learned for next time.

Hotel check in time is not until 3pm anyways so arriving at noon wearing in a suit jacket in humid, 28 degree celsius weather while dragging luggage with me is hardly practical…

Thankfully, I was able to check in early, Thank you Courtyard Marriot, at noon, I felt like crap so I had a nap and did some work. Till my 3pm meeting with my videographer Dorian Nash.

Dorian is a good guy, 25 years old from Michigan and moved down to Miami to get out of his comfort zone, make more money to pay off his student debts from college.  Sadly he could not find his path in college, he did study Psychology but they didn’t teach him anything about the Psychology of Success (That’s the title of a wonderful book by Brian Tracy that I highly recommend).

Sadly Dorian’s story is not uncommon.  He went to college, it hasn’t helped him in his career but he’s still paying off the debt.  He asked me on camera what I would advise someone who is 25 years old and my advice doesn’t change.  

Invest in yourself first, get educated in ways you can provide the most value in your current situation assuming you like where you work.  Look at who makes the most money in your organization then request to take on similar duties. You’ll notice whoever makes the company the most money or saves the company the most money earn the highest incomes. 

My path was no different when I worked in corporate: I explored ways to transition into the Sales Department as our Sales Executives all made six figure base salaries and very lucrative bonuses based on performance.  I was highly inexperienced when I checked the job description so I made the move from Operations to Product Management.

In a software company that sells software products, those who manage the products are valuable and my salary increased by over 40%.  Increase salary meant more savings, more RSP matching, more credit for mortgages for investment properties or funding your stock investing account.

Many people start out trading time for money so you may as well trade your time for as much money as possible.  I was no different and Dorian is no different. Then we discussed real estate and stocks. As he’s still in debt and doesn’t have a downpayment for a property, I suggested stock hacking and he’s definitely interested.  He’ll start small just like we all do but it’s better to start and start small then not at all.

Anyways, as mentioned, I was in Miami, Florida to meet with Grant Cardone’s team and to interview Grant for my podcast.  I’m just waiting on the recording and we’ll publish it right away. For me it was an awesome interview. I took a week to prepare my five questions I had to submit in advance, I wrote a sixth on the spot then had to freestyle as I think Grant was enjoying the interview and we went over the 20 minutes I was allotted.

I don’t want to spoil too much, we discussed how he’s scaling his business both in revenues and in staffing: today, Cardone Enterprises is around 175 staff. I think they were three around ten years ago.

We discussed how to avoid burnout, how he’s raising his daughters and their education, why he shows off so much with his Roll Royce and private Gulf Stream jet plane, why people hate him and why people love him.  The lovely Elena Cardone walked in during the interview as well so I couldn’t help but ask her if she’s coming to Toronto on November 9th and spoiler alert, she is.