You see, Grant is a top salesman who has built his business from nothing into the multimillion dollar range. He’s straightforward, unfiltered, and a little obnoxious, but yet I find myself listening to a few of his same videos over and over. They’re extremely motivating. And my favorite nugget of wisdom that comes from Grant is his 10X rule.
I think the 10x rule can be a life changer for so many people.
How to Apply the 10x Rule to Your Finances
As it sounds, with the 10x rule you take your goals and multiply them by ten.
For example, if you want to earn $50,000 per year you would make a plan to reach $500,000 per year. If you want to own ten rental properties you would instead make a plan to own one hundred rental properties. If you want your net worth to be one million you’d instead create a strategy to make your goal a ten million dollar net worth.
Whatever, your goal is you’ll need to multiply that by ten and then create a strategy to reach your ten times goals. You need to not only think big, but to also take action on those huge goals.
Why would you do this?
As the saying goes “Shoot for The Moon and You’ll Reach the Stars.” That is the logic behind the ten times rule.
If you want to make $100,000 per year but you strategize for a million won’t you end up in a better place, even if you miss the million dollar mark? Yes, you will.
So while making the ten times strategy to reach your goals you’re likely to not achieve them but that’s okay. If you work toward tens more than what you actually want you’ll be far more likely to hit or even surpass your real goal.
That is why the 10x rule works.
Do you 10x Your Goals?
Want to learn more? Check out the 10x Rule by Grant Cardone on Amazon.