Core Insights - Grant Cardone emphasizes the importance of setting high goals and taking action to build personal wealth, rather than relying on frugality or saving alone [1][3] Group 1: Wealth Building Strategies - Cardone argues that many individuals fail to achieve wealth not due to laziness but because they lack education on wealth-building strategies, advocating for a mindset shift towards believing in the possibility of wealth [3] - He suggests that individuals should focus 95% of their efforts on increasing income and only 5% on managing expenses, recommending side hustles as a means to generate additional income [4][5] - Cardone warns against being a "pretender spender," advising individuals to avoid spending on luxury items until they have established substantial income streams [6][7] Group 2: Financial Behavior - The average cost of a new car is reported to be $47,962, while a used car costs approximately $25,180, highlighting the financial strain of purchasing new vehicles without adequate income [7] - Cardone's approach encourages individuals to prioritize income generation over unnecessary expenditures, which can lead to significant savings over time [6][7]