Grant Cardone

saving money is a contraction concept.

And I thought that was a really interesting way of phrasing it.

No one ever went broke because they didn't save enough money.

Can you explain why?

Yeah.

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

No one ever went broke, by the way, because they spent too much.

People go broke because their income stops.

She was still saving money the day she died.

And money is useless until it is used.

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

A billionaire taught me this.

He's like, Grant, your money's worth nothing until it is put to use.

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.

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.