Financial guru Grant Cardone highlighted the key difference between the wealthy and others – investing in assets that cannot be consumed. He advises pouring most earnings into assets to compound wealth faster, recommending athletes do the same. Identifying cryptocurrencies, stocks, real estate, and art as assets, he stresses investing in what you understand best for optimal capital use.

Setting investment goals around specific returns can be unpredictable. Instead, focus on increasing monthly asset investments. Cardone suggests doubling your monthly stock market investments to spark new income-generating ideas, like side hustles or skill development. By raising investment goals and staying disciplined, you can boost income and build wealth effectively.

To avoid derailing your path to wealth, Cardone suggests delaying non-essential purchases and developing discipline. Waiting 30 days before impulse buying can help prioritize portfolio growth over non-essential items. Discipline, like a muscle, strengthens as you resist impulsive buys, leading to increased savings for long-term wealth accumulation.

Warren Buffett’s advice on making money while you sleep resonates with Cardone’s emphasis on investing in assets for long-term financial security. By understanding the mindset shift that separates the rich from the rest, individuals can prioritize wealth-building strategies like investing in assets over non-essential purchases. Taking a long-term perspective and focusing on smart investments can lead to financial success.

Read more at Yahoo Finance: Grant Cardone Just Explained The Top Mindset Shift That Separates The Rich From Everyone Else