Grant Cardone

There's this thing I do where I never trade paper for paper.

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

I never trade paper for another piece of paper, stock certificate, a bond.

And I made my first investment.

My first real investment was $350,000.

I never trade for anything.

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

I trade paper for something more valuable than the paper.

And for me, that could be me investing in myself.

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

I'm always more valuable than the thousand bucks.

Anything I spend on myself is more valuable.

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

Number two, I could be the business that I'm working in to make my business better.

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

Or number three, once my business is going well and I'm doing well, then I want to I want to store money to put it in something that converts paper to an asset that produces cash flow.

paid me more money in a shorter period of time than I had earned in 20 previous years of earned income.

And it was a non-taxable event, by the way.

It made me a multimillionaire, but it came with no tax consequence, which was like I just stumbled across this concept.

I didn't know that was going to happen, but it was because of the class of investments I was in.