Damus
FLASH profile picture
FLASH
@flash
⚡🇺🇸 WATCH - Grant Cardone explains why having a $1M net worth with no passive income means you’re still BROKE

“If you are 45 years old and you are a millionaire, if you have no more income, if you divide 45 years into 1 million, you have $20K a year, so you are not rich. You don't have any money. You have to live off $1,800 a month. You are a ‘millionaire,’ but it means nothing”

“If you don't have constant income, then you can't be rich, because you are exhausting capital”
21❤️4💚1🔥1
Billy Notamus · 5w
He’s right.
Ape Mithrandir · 5w
Nobody with $1m in net assets (assets minus liabilities), would liquidate all assets and hold it USD earning 0%.