Understanding the Difference Between Rich and Wealthy

The Cardone Zone

Grant Cardone

Careers, Business, 025610

4.8 • 4K Ratings

🗓️ 21 May 2025

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In this eye-opening episode of the Cardone Zone, Grant Cardone

reads from his groundbreaking new book, "The Wealth Creation Formula,"

and exposes the truth behind the financial system designed to keep you stuck

Wake up and stop playing by the rules the financial elites have put in

place for their benefit—not yours. Learn the real difference between

being rich and being wealthy, and why chasing income alone won’t ever

lead to true financial freedom. Grant reveals the traps we've been brainwashed into—

from saving and budgeting like the middle class to buying liabilities disguised as assets

—and gives you a blueprint for building lasting wealth through commitment, discipline, and strategy.

Follow @GrantCardone on all social platforms and visit GrantCardone.com

for exclusive content, tools, and techniques to create real wealth and take

massive action toward your goals.

Transcript

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0:00.0	The Cardone Zone, where every week I'll bring to you a new celebrity, artist, athletes, some of the top people in their fields to give you their insights, their knowledge, and their breakthroughs.
0:11.2	So get ready with Uncle G. Make sure you subscribe and comment. Love to see what you're talking about.
0:17.4	The Cardone Zone. Money traps are things related to your job, how you think about saving
0:24.0	and how you handle credit cards. Education traps are about all the things we've learned
0:28.8	indoctrination from the man, the government, the banks, and the educational institutions. The media,
0:35.1	your parents, the misinformed, the people around us, our surroundings,
0:39.1	our network, who have been brainwashed themselves into believing the middle class is a great
0:44.5	place to be. Look, it doesn't even exist anymore. Now, the asset traps are about the millions,
0:49.8	tens of millions, hundreds of millions who are investing in illusions. So many people save for retirement,
0:56.0	for instance, for decades, 30, 40 years, hoping their money in the future will be multiplied and
1:02.3	then return and take care of them into retirement. Most will soon find out they don't even have
1:07.4	enough money to support themselves after they retire and the taxman grabs your
1:13.0	retirement account. The reality is the money that was taken out of your paycheck for 10 years, 20 years,
1:18.3	30 years or longer was diversified toward more illusions to make the Wall Street people richer,
1:24.3	the banks richer while you and your retirement was left on the chopping
1:28.1	block. The wealth creation formula is the exact nine steps to get you out of these traps and
1:32.6	on the path to prosperity. It is the rule set for going from poor to middle class and middle
1:38.4	class to wealthy. How far you go will be up to you. I've broken everything into four manageable
1:43.2	sections, each made up of
1:45.0	straight shooting chapters. The first three sections explain the money, education, and asset traps.
1:51.2	I'll show you how to spot and avoid the ones that you may have fallen into. Then in section
1:55.0	four, I'm going to lay out a wealth creation formula. Exactly how you can escape any trap you're
	...

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