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
  3. Passive
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. My GCTV is mobile. Get it on: Apple | Android Network With Us: • Subscribe to Grant Cardone TVFacebook – Whatever It TakesTwitter – @GrantCardoneTwitter – @RyanTseko Listen To Us On Podcast: • iTunes
Previous articleHow to Buy Right in Real Estate
Next articleHow to Grow Your Income in the Insurance Industry
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.