The Cardone Zone Understanding the Difference Between Rich and Wealthy
May 21, 2025
Discover the real difference between being rich and truly wealthy, as the host reveals how societal norms often hinder financial success. Challenge the middle-class mindset and explore common misconceptions about wealth. Learn why chasing income alone isn't the key to financial freedom. Find out how commitment, discipline, and a strong work ethic can lead to lasting prosperity. Transform your approach to finances with insights on breaking free from financial dependency and deploying money for wealth creation.
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Sabrina's Middle Class Insight
- Grant Cardone explains the middle class concept to his 6-year-old daughter Sabrina.
- She insightfully concludes that middle class people think they're rich but are actually poor.
Middle Class Shrinking Insight
- The middle class as once expansive is now mostly shrinking into poverty.
- In America, mainly the poor class and the super rich are growing.
True Income Classes Defined
- There are only three income classes: wealthy, rich, and poor; middle class does not exist as a class.
- Wealthy means assets generate income; rich means high income and possessions but not wealth.