Grant Cardone

People go broke because their income stops.

If you're earning more income than you're spending, then you're always gonna be fine, particularly if it's passive income.

The middle class is built on budgets.

It is built on adding and subtracting, and wealth is created with division and multiplication.

not earned income.

School is teaching us how to get a job and how to get some money, but they never teach us what to do with the money and how to get money to multiply.

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

It is to have passive income that is not earned.

but that comes from investments.

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

So look, like,

Most people, we go to school, which the whole college thing is just another middle class trap.

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 asset.

You're giving up your most valuable thing, time, and trading it for debt, another terrible thing for you.

If you just looked at it from a business, the ROI on college is awful.

Unless you're going to be a doctor, a lawyer, or a politician and become president of the United States, the return on college is pretty dismal.

So while we're talking on this topic, I'm just going to ask you a couple of questions about saving.

Something that I learned that was really interesting is that you call saving storing money.

We're not taught expansion.

We're taught contraction.