Grant Cardone, a multimillionaire real estate entrepreneur, shares top money lessons on a podcast. He emphasizes the importance of networking and working with financial advisors. Research shows advisors can add 3% to net returns over time, potentially leading to significant growth. Finding the right advisor is key to building wealth and planning for retirement.

Cardone echoes Warren Buffett’s rule of not losing money when investing. Losing money hinders growth and limits opportunities. Safe investment vehicles like certificates of deposit can help grow savings. Building wealth can start with small investments, like $10 a week. Opening a self-directed trade account can also help grow wealth without commission fees.

Investors need to balance risk and reward, avoiding excessive risk-taking. Studies show leveraged trading increases bankruptcy risk. Active investors have amassed over $809 billion in margin debt for stock trading. Diversifying the portfolio with tools like Moby, an investment research platform, can help reduce risk and improve returns. Moby’s stock picks have outperformed the S&P 500 by 11.95% over the past four years. The S&P 500 has consistently returned an average of 10% per year since its inception in 1957, making it a strong investment option for many. This article serves as information and should not be taken as financial advice, without any warranties.

Read more at Yahoo Finance: Real estate investor Grant Cardone says these 3 money lessons will bring you real wealth. Which ones do you follow?