Why Millionaires go BROKE

#motivation #success #money

From rock bottom to building a $5B real estate empire. Here is why buying a home is the worst investment. Why the power of cash-flowing assets is the only way to get wealthy, and how I’ve used unconventional strategies to achieve financial freedom.

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00:00 - Introduction
"What’s the best-kept secret of the ultra-wealthy?" Grant Cardone joins the show.

00:05 - From Rock Bottom to Billionaire
Grant Cardone shares his journey from addiction to building a $5 billion real estate empire.

00:24 - Homeownership: A Terrible Investment?
Why buying a house might be the worst financial decision you can make.

02:05 - The Shift to Cash-Flowing Assets
How Grant discovered the power of real estate investments early on.

04:46 - Debunking Investment Myths
Breaking down misconceptions about stocks, Roth IRAs, and traditional advice.

06:19 - Real Estate, Corporations, and Competition
Cardone on corporations owning homes and navigating a global market.

10:50 - Crowdfunding and Democratizing Wealth
Grant’s unique strategy for raising money and empowering everyday investors.

16:35 - Rent Control vs. Free Market
Why Grant believes rent control policies backfire and drive prices higher.

17:59 - Speaking at Trump Rallies
Cardone’s thoughts on politics, censorship, and the state of America.

28:15 - Transitioning to the Next Level
Why Grant is pivoting away from being an influencer to focus on elite business networks.

34:10 - Parenting and Homeschooling for Success
Grant’s approach to raising disciplined, independent, and financially savvy kids.

45:04 - The Importance of Passive Income
Why the ultra-wealthy only live off passive income and reinvest capital.

53:30 - Key Advice and Final Thoughts
Grant shares the best advice he’s received and his secrets for creating lasting wealth.