The Truth About Money
Why Saving Money In Bank Accounts Is Costing You Real Value
Grant Cardone argues that conventional advice—storing cash in savings or retirement accounts—erodes purchasing power. Low bank yields, inflation and passive, illiquid accounts mean money sitting idle loses value. Instead of treating cash as a permanent reserve, use it strategically to build visibility, capability, and income-producing assets.
Three Financial Moves To Stop Doing Right Now
Stop saving money in zero-yield accounts, avoid routing funds into traditional retirement plans as a first reflex, and reconsider buying a primary residence as an investment. These three behaviors can funnel your capital toward other people and institutions instead of amplifying your own earning power.
How To Get, Keep, And Multiply Your Money With Cash Flow Investments
Cardone outlines a simple three-step wealth framework: get money (create earned income), keep money (replace and protect it), and multiply money (leverage into assets that produce cash flow). Use cash to acquire illiquid income-generating assets like multifamily real estate, where leverage can turn $100,000 into a much larger, cash-flowing position.
Practical Cash Flow And Leverage Advice For Everyday Investors
- Deploy stored cash into income property that uses debt leverage to amplify returns.
- Prioritize assets that produce monthly cash flow instead of one-time appreciation bets.
- Make money illiquid on purpose so it can’t be spent impulsively and instead builds wealth.
Increase Your Earned Income Without Quitting Your Job
Rather than immediately taking a second job or starting an uncertain business, Cardone advocates increasing income from your current position: fortify your role, expand responsibilities, create measurable targets, and negotiate performance-based upside. Ask for partnership or commission structures, propose promotions, or offer to capture new opportunities without asking for a straight raise.
Mindset, Targets, And The 10X Question
Set audacious targets and rethink what you believe is possible. Creativity follows commitment: when you commit to a bold income goal, you identify new ways to serve, sell, and capture value inside or adjacent to your existing role. Replace limiting thoughts with specific actions that expand your front-door income.
Bottom line: stop blindly following saving and retirement rituals, invest aggressively in your own capability and distribution, and use leveraged, cash-flowing assets to convert saved capital into sustained wealth.
Key points
- Stop saving money in low-interest bank accounts and deploy capital into income-producing assets.
- Avoid default retirement accounts; focus on liquidity, control, and strategic tax-aware investments.
- Prioritize rent or alternative housing instead of buying a primary residence as investment.
- Fortify your current job, then increase earned income without adding extra working hours.
- Seek performance-based deals or partnerships instead of asking for a simple salary raise.
- Use leverage in real estate to turn stored cash into larger, cash-flowing assets.
- Set audacious targets, commit, and become the person who can achieve tenfold income gains.
FAQ
Should I stop saving money in a bank account?
Putting large sums in low-yield bank accounts erodes purchasing power; instead allocate capital to income-generating assets or short-term strategic uses.
Why avoid traditional retirement accounts like 401(k)s and IRAs?
Cardone argues they default control to institutions and can lock money away while providing limited active wealth-building opportunities.
How can I increase my income without taking another job?
Fortify your current role, identify measurable targets, propose performance-based deals, and convert new opportunities into revenue for the company and yourself.
What is the role of leverage and real estate in this approach?
Use debt to amplify cash into larger property positions that produce monthly cash flow, turning stored cash into appreciating, income-producing assets.
