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But real estate tycoon Grant Cardone said it doesnt have to be this way.
Heres his straight-forward advicehe shared hisYouTubechannel for avoiding retirement disaster.
Instead of pinching pennies, he suggested people generate serious income.
Make so much that the spillage will take care of you in retirement.
With returns as low as what he explained as .0018 percent, these accounts wont buildreal retirement wealth.
This particular asset class would appear to double based on the past four decades, he said.
Better yet, it createsmonthly cash flow crucial passive income for retirement.
Build Multiple Income Streams
Never rely on one of anything ever, Cardone added.
Having multiple revenue sources means youre never riding on a single income stream.
Start Now Age Doesnt Matter
Think 50 or 60 is too late?
Invest in Your Health
Good health supports wealth-building.
Stay Active and Keep Growing
Beyond money, Cardone stressed needing purpose in retirement.
Just Get Started
Forget traditional advice about saving and diversifying into conventional investments, Cardone explained.
Focus instead on buildingserious income streamsthrough assets like real estate that keep paying you in retirement.
Its never too late but you’re gonna wanna start now.
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