Stay Broke To Build Wealth?

I was reading in Grant Cardone’s Millionaire Booklet and stumbled upon an interesting lesson that I needed to learn and implement. The lesson is titled Stay Broke. Now how in the world does that make any sense if you are trying to become a millionaire? It doesn’t unless you shift your mindset. Back to the basics, thought process and mindset is key to wealth creation as I wrote about yesterday. He doesn’t state stay poor. Instead, he says, stay broke. What does he mean by this and how can this be a success principal? Let me explain his thought process behind this. He wants his mindset to stay broke as well as actually physically staying broke.

Now you may be more confused but hold one for one second. He explains in his book that any surplus money he was earning in income when he was 25-51 he was putting it all away into a special account. He continued to live broke for 26 years. He only used what he needed to get by. He also says something I love even more. This simple tip trick his mind and forced him to continue to work hard and never become complacent because he still had to pay the bill and put food on the table. When you are broke you work way harder and strive way more to just make ends meet. He piled all the surplus money he had in an account he couldn’t touch until he had enough to start another business. He continued to do this 5 times over. Now his net worth is in the 8 figures! Live beneath your means while you create wealth over and over again. Your future self will thank you for it!

Peace and Blessings,

Jared