Digital Social Hour
$100K is Not Enough: Elena Cardone's Wealth Secrets | Elena Cardone DSH #912
22 Nov 2024
$100K is Not Enough! Elena Cardone shares her incredible journey from actress to multi-millionaire and reveals the wealth-building strategies that transformed her life. 💰 Join Elena as she opens up about her partnership with Grant Cardone, their approach to building generational wealth, and why she believes $100,000 isn't enough in today's economy. Learn how she went from making six figures as an actress to investing millions in real estate and building an empire alongside her husband. Discover Elena's unique perspective on raising successful children in wealth, her transformation from punk rocker to business mogul, and the powerful lessons she learned along the way. She shares intimate details about her family's wealth-building philosophy, including how her 15-year-old daughter is already closing million-dollar deals. Get an inside look at Cardone Capital's investment strategy, why they're avoiding certain states, and how Elena built her own multi-million dollar portfolio. She breaks down the exact steps she took to understand money management and reveals the three crucial elements of building lasting wealth that anyone can apply. From her candid thoughts on marriage and business partnerships to practical advice on investing and building generational wealth, Elena delivers game-changing insights that will transform your approach to money and success. Whether you're just starting your wealth journey or looking to scale your existing investments, this conversation is packed with actionable wisdom you won't want to miss. #10xladiesnetwork #elenacardonewealth #dividendinvesting #10xladies #elenacardone CHAPTERS: 00:00 - Elena Cardone’s 10X Ladies Conference 02:46 - Elena Cardone’s Financial Journey 08:18 - Inheritance Decisions: Elena and Grant Cardone's Kids 11:07 - Elena on Kids and Social Media Usage 12:27 - Handling Hate Comments: Elena's Perspective 16:19 - How Elena Met Grant Cardone 18:54 - Balancing Roles: Boss at Home vs. Work 24:10 - Parental Influence on Children's Friendships 28:03 - Elena’s Parenting Approach and Philosophy 32:54 - Impact of Reputation on Personal Life 34:09 - Learning from Your Parents' Experiences 36:26 - Personal Transformation Journey 38:58 - Importance of Positive Communication in Relationships 45:03 - Defining Financial Sufficiency 48:46 - Investment Strategies in Blue States 58:02 - Investing with Cardone Capital Insights 58:19 - Elena’s Final Thoughts and Reflections APPLY TO BE ON THE PODCAST: https://www.digitalsocialhour.com/application BUSINESS INQUIRIES/SPONSORS: [email protected] GUEST: Elena Cardone https://www.instagram.com/elenacardone/ https://elenacardone.com/ www.youtube.com/@ElenaCardone LISTEN ON: Apple Podcasts: https://podcasts.apple.com/us/podcast/digital-social-hour/id1676846015 Spotify: https://open.spotify.com/show/5Jn7LXarRlI8Hc0GtTn759 Sean Kelly Instagram: https://www.instagram.com/seanmikekelly/ Learn more about your ad choices. Visit podcastchoices.com/adchoices
Full Episode
Aren't you afraid of ruining the kids? And I'm like, no. I worked my way from a very dark place. Why do people think that you have to work your way up to somehow get some life lesson and see how far they can go without having to reprogram and recondition themselves? That's what I had to do. What if I just started off right? How great and how far could I go?
All right, guys, we got Elena Cardone here today. Super happy to have you. And you just had a wonderful event, a thousand women at 10X Ladies, right? Yes, I did. It was phenomenal. It was amazing. I've never seen a woman's event of that capacity, actually. You might be the first. Well, let's claim it now. It is. It's the biggest. It's the largest, most successful.
And that was your first one, too, right?
No, this year was the fourth year I've done it. But last year, I also had a thousand. Last year... Vivek Ramaswamy showed up. No one knew who he was. This was before he did the presidential debate. But I also had Megyn Kelly, Venus Williams. So that was last year. This year I had Laura Trump on and Lauren Bostick from the Skinny Confidential. So it was an incredible group. We killed it.
Natalie Dawson, Sherri Hamilton. It was some power player women up there. And what was your goal with bringing all these women together?
Well, my goal is, look, women are behind than men, let's face it. You know, it wasn't until 1984 that we could actually get a loan for our businesses. It wasn't until 1974 that, you know, we could have a loan on our home. Really? Yeah. Yes. Before that, we had to have a man co-sign. So this is like within my lifetime. So we're behind, you know, we're behind on on our wages, on what we get paid.
We're behind on negotiation skills. We don't know how to ask more for our salaries up front. We don't know how to invest our money. I mean, these are just statistics. This is a generality, but it's also statistically proven. I think it's some high statistic. Don't quote me on this one, but it's like 80% of women's wealth is in cash.
So cash is depreciating in value versus in an investment that's paying you income and cash flow. So we're behind. We need to know how to earn more, store more, invest more. So the point of this conference was really about bringing women together to support other women to reaching heightened levels of success and understanding financially how to do better for themselves and their families.
That's incredible. So you want to teach financial independence to more women, basically?
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