Grant Cardone

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.

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.