Podcast Summary: Success Story with Scott D. Clary

Episode: Grant Cardone - Billionaire Real Estate Mogul | Why 10X Thinking is the Only Path to Real Wealth
Release Date: May 26, 2025
Host: Scott D. Clary
Guest: Grant Cardone

1. Introduction to Grant Cardone’s Philosophy

Scott Clary welcomes Grant Cardone, a renowned billionaire real estate mogul, best-selling author of "The 10X Rule," and a dynamic speaker focused on empowering individuals to achieve extraordinary success. The discussion delves into Grant’s mindset, strategies for building wealth, and the principles that drive his relentless pursuit of excellence.

2. Grant Cardone’s Personal Journey and Overcoming Addiction

Grant opens up about his personal struggles with addiction during his early years, emphasizing the critical choices that led him to overcome these challenges:

"Drug addiction is not a disease. Drug addiction is a choice. To snort cocaine is a choice. To smoke weed is a choice." (04:09)

He underscores the importance of distancing oneself from negative influences and making deliberate choices to reclaim control over one’s life.

"You have to walk away from those people, if you don't walk away from those people, those are not your friends." (05:22)

3. The 10X Mindset and Wealth Creation

Central to the conversation is Grant’s "10X" philosophy, which advocates for setting targets ten times greater than what one initially deems achievable. This mindset shift is pivotal for unlocking substantial wealth and success.

"Focus on the target. Your target should be monster, make 100 exit. Then find out whether the business that you're in right now can actually get you to that target." (02:18)

Grant emphasizes that incremental, linear growth limits potential and that aspiring for exponential goals necessitates stepping out of comfort zones.

"Comfort is a serious addiction. It allows you to socially drift through life. You're on a drug of like, I don't want to take risk. I don't want to feel stress. I just want everything to be perfect." (25:35)

4. Education, Entrepreneurship, and Real Estate Investments

Grant shares his decision-making process in pivoting from sales training to real estate investments, highlighting the scalability and wealth potential inherent in real estate.

"When I first made a million dollars, I did not go into hunger mode. But what would I have to do? A billion? Oh, I'd have to change my model. Means I got to get out of my comfort zone." (02:18)

He advises entrepreneurs to seek profitable vehicles for wealth creation rather than simply replicating existing successful models.

"Most people should not be spending four, five, six years [in college]. If you're gonna go to the best college, get the best degree you can in the shortest period of time possible and connect with the other players that are there." (40:30)

5. Balancing Personal Life and Business

The discussion touches on the importance of personal relationships and self-awareness in achieving sustained success. Grant candidly reflects on his struggles with being present as a husband and the significance of having a supportive partner.

"I would rate one of my lowest scores in life as a husband. I don't see that myself, as a father. I'm a great father. As a friend, like 60 on a scale of 100. I'm not a great friend." (49:58)

Despite these challenges, Grant acknowledges the critical role of his spouse, Elena, in supporting his ambitious endeavors.

"If you pick the right spouse, they're going to help. They have to believe in you." (59:34)

6. Advice for Entrepreneurs and Parents

Grant offers robust advice for aspiring entrepreneurs, emphasizing ownership of one’s destiny and the necessity of proactive wealth creation.

"You got to be willing to leave everything you have. I have never had success in my life, no next level success, without leaving something I love." (48:43)

For parents, he stresses the importance of actively educating their children about business and financial literacy instead of relying on passive methods like YouTube and Facebook.

"You cannot turn them over to YouTube and Facebook. Those are not nannies." (15:15)

7. Overcoming Middle-Class Constraints

Grant critiques the middle-class mindset, advocating for upper-class thinking to transcend common financial limitations. He challenges the notion that working harder within the same framework yields significant wealth.

"What you want is some upper class or wealthy class problems. And if you're not looking for those problems, you're not going to have them." (24:26)

Grant encourages listeners to adopt a millionaire or billionaire mindset to achieve extraordinary financial success.

8. Building Confidence Through Work and Winning

A recurring theme is the relationship between work, confidence, and success. Grant highlights that consistent, successful efforts build unshakeable self-confidence, which is essential for making critical decisions and leading effectively.

"Work builds confidence. Consistent work builds more confidence. And work that wins builds even more confidence." (53:18)

9. Trusting Yourself and Leadership

Grant discusses the importance of self-trust, especially in leadership roles where decisions must be made independently amid pressure and opposition.

"You got to trust yourself. You got to be right more often than you're wrong by 10x." (56:57)

He asserts that true leaders rely on their own judgment and success record rather than seeking validation from others.

10. Final Thoughts and Key Takeaways

As the conversation concludes, Grant reiterates the necessity of making bold decisions, fostering the right mindset, and maintaining robust personal relationships to achieve unparalleled success.

"You will never get anything great without leaving something good." (62:50)

Scott Clary wraps up by emphasizing the importance of relationships and the powerful impact of having a supportive partner in one’s entrepreneurial journey.

Key Quotes with Timestamps

• Overcoming Addiction:
  "Drug addiction is not a disease. Drug addiction is a choice."
  04:09

• 10X Mindset:
  "Focus on the target. Your target should be monster, make 100 exit."
  02:18

• Leaving Comfort Zones:
  "Comfort is a serious addiction. It allows you to socially drift through life."
  25:35

• Education and Entrepreneurship:
  "Most people should not be spending four, five, six years [in college]."
  40:30

• Personal Relationships:
  "If you pick the right spouse, they're going to help. They have to believe in you."
  59:34

• Middle-Class Constraints:
  "What you want is some upper class or wealthy class problems."
  24:26

• Building Confidence:
  "Work builds confidence. Consistent work builds more confidence."
  53:18

• Trusting Yourself:
  "You got to trust yourself. You got to be right more often than you're wrong by 10x."
  56:57

• Final Lesson:
  "You will never get anything great without leaving something good."
  62:50

Conclusion

Grant Cardone’s conversation with Scott Clary offers profound insights into the mindset required for exceptional success. From overcoming personal demons to adopting a 10X approach towards goal setting, Grant underscores the importance of relentless ambition, self-reliance, and strategic risk-taking. His candid reflections on personal relationships and the necessity of supportive partnerships further highlight the multifaceted nature of true wealth and success. Entrepreneurs and listeners are encouraged to internalize these lessons, push beyond their perceived limits, and cultivate a mindset geared towards monumental achievement.