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Five years later, he was a millionaire.
He has reportedly earned tens of millions annually and manages areal estateempire worth around $4 billion.
So, how did the popular financial influencer do it?
Primarily through a series of three big-money wins.
Cardone hated sales, but he hated being broke more.
He dedicated himself to learning the art of sales and developed his own innovative approach.
Cardone began contacting manufacturers and dealers throughout North America.
He taught them how to change their sales tactics to be faster, more profitable and more consumer-friendly.
The business boomed and 30 years later, it still earns him around $10 million annually .
The lesson for the average person is the value of becoming an expert in a skill others find valuable.
Cardones dedication helped him redefine car sales and build the wealth he needed to take his next step.
He began by teaching others his developed wealth-building tactics.
This started with in-person workshops but eventually led toseveral bestselling booksand online business programs.
As Cardones reputation has grown, hes earned millions from speeches, books and social media.
Today he earns between $125,000 and $325,000 for a single speech.
Some experts also estimate that he earns between $40 million and $50 million annually through social media.
The lesson for the average person is the value of investing in yourself.
This is how hes invested much of the money hes earned from sales and personal branding.
Cardone says he prioritizesreal estate investmentsbecause of the reliable cash flow they generate.
His goal hasnt been pursuing the best return for his wealth.
Its been to buy properties that will continue bringing in cash for as long as he lives.
Staying true to this philosophy has helped Cardone build his massive $600 million net worth today.
Cardone has also leveraged his brand to build hisreal estate empire.
Instead of just promoting sales courses, he now speaks to attract new real estate investors.
These investors help Cardone buy new properties so he doesnt have to pay for them alone.
There are a few takeaways to consider here.
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