Real Estate Investing
About This Show
When it comes to real estate, Grant Cardone has the magic touch. He’s been investing in real estate for years and has bought and sold over $428-million in assets. He currently operates almost 4000 units in Florida, Tennessee, Georgia and North Carolina.
Most Recent Episode
051: Passive Income for Life
Passive Income for Life
I talk about 3 types of income today. The 1%ers understand these. You want money that is indestructible, money that you earn while you sleep, and money that will outlive your body. To get there, you have 3 types of income possibilities:
1) Earned—the money you make at your job
2) Portfolio—stocks, bonds, mutual funds---paper that you exchanged with money earned from your job
Real Estate would be passive, but make no mistake, it’s not completely passive unless you’re investing with me. Passive income is defined as “Earnings an individual derives from a rental property, limited partnership or other enterprise in which he or she is not materially involved.” Passive means you are not involved, but most real estate investors have to be involved so it’s not as passive as it sounds.
One thing you need to do is never hate on any income. Nobody goes anywhere without earned income first. If you can’t figure out how to increase #1, you’ll never have #3. Get my Millionaire Booklet for free and get started earning your wealth today.