Broke Illustration

Once upon a time in the United States, a $100,000 salary was considered a benchmark of success. But in 2022, it means you’re broke. 

Here’s why… 

After taxes and fixed expenses, you’re left with $60!

What I’m saying is you can only spend $60/day on things like dinners, concerts, movies, coffee, clothes, shoes, memberships, workouts, and vacations. 

All the fun stuff you are really working so hard for. 

And you’ll need to drive something like a Camry too, not a Tesla. 

So if you’re spending more than $60/day, then you’re living beyond your means. 

Now, how did I figure this number out? 

Well, there’s a rule of thumb called the 50/30/20 rule.

Here’s how it works: 

  • 50% of your after-tax income goes to fixed expenses like mortgage or rent, utilities, health insurance, groceries, and transportation, including car insurance, payment, and gas… 
  • 30% goes to day-to-day expenses… like the things I mentioned above
  • 20% is supposed to go to your retirement account and emergency savings. 

In the United States, here’s how this rule breaks down… 

As an individual, $100,000 annually puts you in the 24% federal income tax bracket. 

So after Uncle Sam takes his cut, you’re left with $76,000. 

And after state, city, and school district taxes, depending on where you live… 

If you’re following this rule of thumb, then you’re only left with $60/day to spend on all the things we work so hard for. 

Not to mention, you only have about $3,000 for your NEEDS. Like rent, and health insurance. 

This is a traditional model for how much of your income to spend on needs and wants. 

But what about the other 20%? 

This traditional formula would say to save it, invest in a 401k, and put it away for retirement. 

But I have a different idea. 

THIS is a way for you to build wealth, instead of staying broke. 

Many people consider a $100,000 salary to be rich. 

However, “rich” is a relative term with a vague definition, meaning an abundance of wealth and assets. 

Much of it depends on where you live and how you use your income.

That’s why I want to show you how you could produce wealth by investing 20% of your money in cash-flowing assets

On November 19, I’m hosting a totally free virtual event. 

And I want you to be there… click here to secure your seat today

Because inflation is cutting into your wealth by the day! 

And if you earn $100K a year and your spouse doesn’t work outside the home and you are supporting three children and a relative with medical needs, that high salary may not stretch as far. Add some student loans, a jumbo mortgage, and car payments to the picture, and you realize you’re flat BROKE.  

I’m here to help. 

Sign up to attend my free virtual event to help you build wealth on November 19. 

Keeping it Real, 


Disclosure: This content is intended to be used for educational and informational purposes only. Before investing, you should always do your own analysis based on your own financial and personal circumstances before making any investment. Grant Cardone is an industry expert who has been investing for over 30 years and his opinion is based solely on his own personal experience and circumstances. Individual results may vary. You should perform your own due diligence and seek the advice from a professional to verify any information on our website or materials that you are relying upon if you choose to make an investment. Investment involves great risk and there is no guarantee of performance or results.

We are not attorneys, investment advisers, accountants, tax professionals or financial advisers and any of the content presented should not be taken as professional advice. We recommend seeking the advice of financial professional before you invest, and we accept no liability whatsoever for any loss or damage you may incur.

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Star of Discovery Channel’s “Undercover Billionaire,” Grant Cardone owns and operates seven privately held companies and a private equity real estate firm, Cardone Capital, with a multifamily portfolio of assets under management valued at over $4 billion. He is the Top Crowdfunder in the world, raising over $900 million in equity via social media. Known internationally as the leading expert on sales, marketing, and scaling businesses, Cardone is a New York Times bestselling author of 11 business books, including “The 10X Rule,” which led to Cardone establishing the 10X Global Movement and the 10X Growth Conference, now the largest business and entrepreneur conference in the world. The online business and sales educational platform he created, Cardone University, serves over 411,000 individuals and Forbes 100 corporate clients throughout the world. Voted the top Marketing Influencer to watch by Forbes, Cardone uses his massive 15 million plus following to give back via his Grant Cardone Foundation, a non-profit organization dedicated to mentoring underserved, at-risk adolescents in financial literacy, especially those without father figures.