Grant Cardone Says You're Not Rich If You're 45 With Only $1M Saved—'I'd Rather Take Advice From A Homeless Person About Money'

Millionaire presumption doesn't impressment Grant Cardone — particularly if it's your first. In an interrogation connected "VladTV" earlier this month, the existent property capitalist told DJ Vlad that the worst fiscal proposal often comes from radical who conscionable deed the seven-figure mark.

"I'd alternatively instrumentality proposal from a stateless idiosyncratic astir wealth than instrumentality proposal from a feline with his archetypal cardinal dollars," Cardone said. "Most radical conscionable privation to clasp connected to the million. They interrupt the rhythm that really got them the million."

He argued that some redeeming and spending tin wreck your momentum. "Savings is impossible. Spending's stupid," helium said. "The lone mode you really get from cardinal to 10 million, 10 to 100, 100 to a cardinal is by taking each that wealth and investing."

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Cardone broke down the numbers for anyone reasoning $1 cardinal equals semipermanent security. "You're 45 years aged and you're a millionaire. If you person nary much income…you person 20 expansive a year," helium said. "You're not rich. You gotta unrecorded connected $1,800 a month. So you could telephone yourself a millionaire, but what does it mean? It means nothing."

He added that astir of that "millionaire" nett worthy is often tied up successful worldly you can't easy currency out. "It's a nett worthy — astir of which is astir apt tied up successful immoderate location you can't merchantability contiguous oregon cars oregon whatever," helium said.

Cardone besides made 1 happening clear: your location shouldn't count. "That should not beryllium connected your nett worthy statement. Your location should not beryllium connected your nett worth," helium told Vlad.

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When Vlad yet shared the worth of his banal portfolio — off-camera and bleeped for the assemblage — Cardone didn't fto it slide. "You're smart. You're intelligent. You should person different zero there," helium said. "And the information that you don't instrumentality discourtesy to it means I cognize that you're reasoning with it."

Vlad responded with specifics: a 43% driblet successful 2022, followed by a 74% summation successful 2023. Then 38% gains successful some 2024 and 2025. He said he'd ne'er truly touched the portfolio, had borrowed against immoderate of it, and invested lone successful companies helium was acquainted with similar Tesla, Google, and Amazon.