Grant Cardone argues that many individuals limit their financial potential by not aiming high enough. He shares that his biggest financial mistake was not thinking big. To achieve financial success, Cardone suggests the 40/40/20 rule, where 40% of gross income is allocated for taxes, another 40% for savings, and the remaining 20% for living expenses. He assures that by saving and investing wisely, individuals can significantly build their wealth. Overall, Cardone's philosophy encourages a mindset of abundance and larger financial goals.
"The single biggest financial mistake I've made was not thinking big enough. I encourage you to go for more than a million. While one million may seem unimaginable right now, when you actually get it you realize that it's not enough to make a substantial difference. There is no shortage of money on this planet, only a shortage of people thinking big enough. If you think big, you're already a step ahead of everyone else."
"If you would save 40% of your gross revenue and use that to invest - not to live - I guarantee you'll create wealth for yourself. You can go back to 1929 and study wealthy families who were investing 40% of their gross income."
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