The Cardone Zone

Live on 20% — The Essentials of Creating True Wealth

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Apr 30, 2025
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ADVICE

Master Living on 20% Income

  • Live on only 20% of your gross income without changing your standard of living until the 20% grows.
  • Set aside 40% for taxes and 40% for future investments consistently to build real wealth.
ADVICE

Increase Income Over Spending

  • If you can't live on 20% of your income, increase your income instead of increasing spending.
  • Avoid spending raises on luxury items; invest in assets like stocks instead of shoes or watches.
INSIGHT

Money Loses Value Saved Not Invested

  • Saving money loses value over time due to inflation and taxes.
  • Investing money avoids taxation and preserves its purchasing power, unlike simply saving it.
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