Grant Cardone Says You’re Not Rich If You’re 45 With Only $1M Saved—’I’d Rather Take Advice From A Homeless Person About Money’
- Personal Finance
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- 6 minutes read
Millionaire status doesn’t impress Grant Cardone — especially if it’s your first. In an interview on “VladTV” 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.
“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.”
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.”
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He added that most of that “millionaire” net worth is often tied up in stuff you can’t easily cash out. “It’s a net worth — most of which is probably tied up in some house you can’t sell today or cars or whatever,” he said.
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.
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Vlad bleeped out his portfolio, but Cardone still had thoughts
When Vlad eventually shared the value of his stock portfolio — off-camera and bleeped for the audience — 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.”
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.
Why Cardone says Wall Street wants churn, not winners
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.
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Cardone agreed — 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.”
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 — not clinging.
If $1 million sounds like a lot but doesn’t feel like enough, it might be time to talk with a financial advisor. Because in Cardone’s world, standing still is the fastest way to fall behind.
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Image: Shutterstock
