Grant Cardone

And the people that create tremendous wealth are taking pieces of paper, garbage pieces of fiat paper that only have as much value as the people have confidence in.

So the ultimate goal of wealthy people, for all your listeners, the ultimate goal of wealthy people is not to have income at all.

And they're basically taking that paper and converting it to something else that is more valuable than the paper.

It is to have passive income that is not earned.

but that comes from investments.

So I was 31 years old.

Cash flow, not cash, is more valuable than cash because cash goes down in value.

I had been storing money, not saving it.

I was storing it so that one day I could make an investment in something where it would multiply itself, where it would have babies.

And as it goes to zero, and it will, you want to replace that with assets that go up in value and that spit off little bits of cash so that you live off the cash flow and never touch the capital or the assets.

I wanted my Ben Franklin to have little Benjamins.

I kept storing money until I was certain about an investment.

And I made my first investment.

My first real investment was $350,000.

I bought a $2 million piece of real estate with it.

That piece of real estate earned me $5 million of profit in three years.

Yeah.

So my mom saved money her whole life until she passed.

That was more money than I had made in the previous 20 years.

In any business, any earned income, any job that I've ever worked at, one investment is