Grant Cardone

She wasn't buying any of that stuff until passive income came in that was dependable and indestructible.

The way I lived didn't change.

The car I drove didn't change.

The suits I wore didn't change.

I didn't wear Rolexes.

Like, I didn't do any of that stuff.

That's money that I'm not earning because it's money that's coming in because I made a decision.

When my life changed, I think I was married.

We had just sold a home to get equity out of.

I signed a document and said, OK, I'll buy this asset.

It was 2008.

We pulled the equity out of the house.

And that asset then starts producing passive income over long periods of time upon which then I can use money.

It was the first real house I'd had, but it was really an investment.

And I pushed all that money into a real estate transaction, and my wife and I rented.

whatever it is, 600 bucks a month of passive income, I can use that to go or 6,000 or 60,000 or 600,000 a month.

We had a baby on the way.

It was 2010.

The world had come to an end.

I'm like, this is never going to happen to me again.