{"id":472594,"date":"2026-02-16T21:12:21","date_gmt":"2026-02-16T21:12:21","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/472594\/"},"modified":"2026-02-16T21:12:21","modified_gmt":"2026-02-16T21:12:21","slug":"grant-cardone-says-youre-not-rich-if-youre-45-with-only-1m-saved-id-rather-take-advice-from-a-homeless-person-about-money","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/472594\/","title":{"rendered":"Grant Cardone Says You’re Not Rich If You’re 45 With Only $1M Saved\u2014’I’d Rather Take Advice From A Homeless Person About Money’"},"content":{"rendered":"\n

Millionaire status doesn’t impress Grant Cardone<\/a> \u2014 especially if it’s your first. In an interview on “VladTV”<\/a> earlier this month, the real estate investor told DJ Vlad that the worst financial advice often comes from people who just hit the seven-figure mark.<\/p>\n

“I’d rather take advice from a homeless person about money than take advice from a guy with his first million dollars,” Cardone said. “Most people just want to hold on to the million. They interrupt the cycle that actually got them the million.”<\/p>\n<\/p>\n

He argued that both saving and spending can wreck your momentum. “Savings is impossible. Spending’s stupid,” he said. “The only way you actually get from million to 10 million, 10 to 100, 100 to a billion is by taking all that money and investing.”<\/p>\n

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Cardone broke down the numbers<\/a> for anyone thinking $1 million equals long-term security. “You’re 45 years old and you’re a millionaire. If you have no more income\u2026you have 20 grand a year,” he said. “You’re not rich. You gotta live on $1,800 a month. So you could call yourself a millionaire, but what does it mean? It means nothing.”<\/p>\n

He added that most of that “millionaire” net worth<\/a> is often tied up in stuff you can’t easily cash out. “It’s a net worth \u2014 most of which is probably tied up in some house you can’t sell today or cars or whatever,” he said.<\/p>\n

Cardone also made one thing clear: your house shouldn’t count. “That should not be on your net worth statement. Your house should not be on your net worth,” he told Vlad.<\/p>\n

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When Vlad eventually shared the value of his stock portfolio \u2014 off-camera and bleeped for the audience \u2014 Cardone didn’t let it slide. “You’re smart. You’re intelligent. You should have another zero there,” he said. “And the fact that you don’t take offense to it means I know that you’re thinking with it.”<\/p>\n

Vlad responded with specifics: a 43% drop in 2022, followed by a 74% gain in 2023. Then 38% gains in both 2024 and 2025. He said he’d never really touched the portfolio, had borrowed against some of it, and invested only in companies he was familiar with like Tesla, Google, and Amazon.<\/p>\n

It was during this part of the conversation that Vlad made a distinction: stock investing only works if you’re sure you’ll never need to touch the money. “Don’t invest until you’re 100% sure you’ll never have to touch the money,” he said, citing job loss, rent hikes, or emergencies as common derailers.<\/p>\n

See Also: Why Billionaires Like Warren Buffett Prefer Real Assets Over Speculation\u2014Institutional Real Estate Is Now Accessible to Individuals<\/a><\/p>\n

Cardone agreed \u2014 but added a jab at the system. “Wall Street hates a guy like me because you can’t churn me. There’s no fees on me,” he said. “They don’t care if [the market] goes up or goes down. They just want the churn. The churn is the sharks in the water.”<\/p>\n

For Cardone, wealth doesn’t come from holding onto a title or a lump sum. It’s about using capital, not preserving it. The only people who get to keep growing are the ones willing to keep investing \u2014 not clinging.<\/p>\n

If $1 million sounds like a lot but doesn’t feel like enough, it might be time to talk with a financial advisor<\/a>. Because in Cardone’s world, standing still is the fastest way to fall behind.<\/p>\n

Read Next: Professional traders demand transparency \u2014 see why Kraken Pro has become one of crypto’s most trusted advanced trading platforms.<\/a><\/p>\n

Image: Shutterstock<\/p>\n

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Get the latest stock analysis from Benzinga:<\/p>\n

This article Grant Cardone Says You’re Not Rich If You’re 45 With Only $1M Saved\u2014’I’d Rather Take Advice From A Homeless Person About Money’<\/a> originally appeared on Benzinga.com<\/a><\/p>\n

\u00a9 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.<\/p>\n","protected":false},"excerpt":{"rendered":"Millionaire status doesn’t impress Grant Cardone \u2014 especially if it’s your first. In an interview on “VladTV” earlier…\n","protected":false},"author":2,"featured_media":472595,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39],"tags":[28,40583,44243,147,530,59433,219188],"class_list":{"0":"post-472594","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-business","9":"tag-financial-advice","10":"tag-grant-cardone","11":"tag-personal-finance","12":"tag-personalfinance","13":"tag-real-estate-investor","14":"tag-vladtv"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/472594","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=472594"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/472594\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/472595"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=472594"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=472594"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=472594"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}