Grant Cardone: Wealthy People Invest Their Money for Retirement This Way

Core Insights - Wealthy individuals do not primarily focus on traditional retirement savings vehicles like 401(k) plans and IRAs, as highlighted by Grant Cardone, author of "The 10X Rule" [2][4] - Instead, they invest in income-producing assets, particularly real estate, which provides consistent cash flow and potential appreciation over time [3][5] Investment Strategies - Cardone suggests that individuals should emulate the investment strategies of financial institutions like Vanguard and Fidelity, which invest in insurance products, passive income-generating companies, and real estate [3] - The emphasis is on investing the majority of retirement funds in income-producing real estate to ensure financial security during retirement [4] - Cardone maintains that real estate meets essential investment criteria: it provides passive income, potential appreciation, and tax benefits, making it superior to other asset classes like gold, silver, Bitcoin, or stocks [5]