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Self-made millionaire: Why you should work on holidays

CNBC logoCNBC 5/28/2018 Kathleen Elkins
a person wearing a suit and tie standing in front of a crowd: Grant Cardone © Provided by CNBC Grant Cardone

Self-made millionaire Grant Cardone believes in logging a lot of hours, even on weekends and holidays. "There are 168 hours in a week. You should be working most of them," says the entrepreneur, who himself puts in about 95 hours a week.

If you want massive success, you have to grind, he tell CNBC Make It. And you have to be prepared to do it when no one else is: Instead of doing what the crowds do, "work when others aren't."

That means using Memorial Day and other conventional days off to focus on earning and getting ahead, he says: "Spend your time working holidays when no one else is." Ultimately, "if you want to change your condition, you have to work. If you can outwork the rest of the population, you're going to get lucky."

"Shark Tank" star Daymond John, who built a billion dollar brand while living on the tips he made waiting tables at Red Lobster, has a similar mentality. Ultimately, the secret to success boils down to one thing, says John: "Work. Bust your butt. Get up before everybody, go to sleep after everybody, and bust your butt. That's it."

Not everyone agrees with this approach. "More work is never the real answer," said billionaire LinkedIn co-founder Reid Hoffman on "The Tim Ferriss Show" podcast. "The sort of grit you need to scale a business is less reliant on brute force. It's actually one part determination, one part ingenuity and one part laziness. Yes, laziness."

Hoffman continued: "You want to minimize friction and find the most effective, most efficient way forward. You might actually have more grit if you treat your energy as a precious commodity."

But for some, long hours are always the answer. As Cardone says, "If you gave me $5 billion, I'd still be grinding tomorrow."

This is an update of a previously published story.

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