Fellow 10X’er,
“Cash is King.”
It’s a mantra many people live by.
But what does it even mean?
And should YOU live by this conventional “wisdom”?
To some, Cash is King means money is the ultimate source of power and happiness.
These people sit on their money pile and give themselves a high five for “making it”.
For others…
“Cash is King” means money is your protector when times get tough.
Either way…
It means you should hold on to your cash, right?
But have you ever dug into what this phrase really means?
It was popularized in the 1980s by Pehr G. Gyllenhammar – former CEO of Volvo.
Contrary to what you might think…
Mr. Gyllenhammer did not think you should conserve cash like your life depends on it.
He coined this expression to mean:
Cash is a necessary short-term asset.
It’s something you collect, for the purposes of investing in future expansion.
In other words…
Cash is not something you keep.
Cash is something you put to work to expand your wealth.
Pehr G. Gyllenhammer was a smart guy.
You don’t get to be CEO of a $35 billion dollar auto manufacturer unless your mind operates on a higher plane than most people’s.
What the Volvo CEO knew was this…
Cash is a depreciating asset. It loses value over time (even when the economy is flying).
Think about it.
The Fed sets its inflation target at 2% per year.
It means the financiers who map out our financial futures are HAPPY for prices to rise every year.
So the $100 bill in your pocket today…
Becomes $98 next year.
And $96.04 the year after that.
Year by year you get poorer – because of decisions made in Washington.
Just think…
If this happens to you during good times – what’s going to happen in bad times (like the ones we’re experiencing right now)?
Latest inflation figures show prices are rising by 8.2% per year.
It means – if you do nothing with your cash – you’ll be 8.2% poorer next year.
And you know what’s really scary?
No one knows when the situation will get better.
Even The Fed cannot agree over when they’ll wrestle inflation back under control.
It could take 1 year.
It could take 2 years.
What if it takes 5 years for inflation to ease?
Those who do nothing could find themselves 40% poorer than they are right now.
I’m sure you’ll agree…
That doesn’t bear thinking about!
But there is good news.
You don’t have to let inflation steal your wealth.
And you don’t have to wait for the Fed to save your finances.
In fact, you can actually exploit this situation to your advantage – by using inflation to expand your wealth.
The answer lies in Real Estate.
According to Bloomberg, big time investors are treating real estate investment as “a hedge against inflation.”
It’s why Berkshire Hathaway, BlackRock, and Vanguard own property portfolios worth trillions of dollars.
But you’ve got to invest the RIGHT way.
When I first got started in real estate, I had no idea what I was doing.
The decisions I made back then are decisions I would not make today.
I don’t want you making the same mistakes I did.
Which is why I’m going to share everything I’ve learned about real estate investing – since I was 28 years old.
That’s over 30 years of knowledge which I’m going to transfer to you.
And it won’t cost you a penny.
All you have to do is join me on November 19th for a live training all about how you can expand your wealth by investing in real estate.
It’s FREE to join me.
And if you register today, I’ll send you a bonus Ebook called “How to Create Wealth by Investing in Real Estate”.
Read it immediately!
So you can start planning your next deal right away.
Keeping it real,
Grant
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.
