This Is What the Super-Rich Do With Their Money, According to Grant Cardone

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Businessman Grant Cardone is one of them, and he isnt keeping this secret to himself.

Read on for what Cardone says the super-rich do with their money and how he puts it into practice.

Also seeCardones 10 steps to becoming a self-made millionaire.

Personally, Cardone said he earns passive income on a monthly basis.

In fact, he said people should live off only their passive income.

He said the ultra-wealthy never touch their personal capital.

This is what the super-rich do, he said.

They only use their passive income.

So how does this look for Cardone in particular?

To say Cardone knows a lot aboutreal estateis an understatement.

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This is where much of his passive income originates.

While you might think this means he solidly believes in homeownership, this isnt the case.

In his interview with Neel, he explained that the exact opposite is true.

Buying a house is the worst investment.

Use the cash flow from the rentals to pay for where you live, he said.

Of course, real estate isnt the only way the ultra-wealthy earn passive income.

Some may earn it from interest on bank accounts, dividends and bonds just to name a few.

In fact, the average millionaire has seven different revenue streams, as reported byBenzinga.

However theyre earning passive income, the wealthy have one thing in common, according to Cardone.

Theyre holding on tight to their personal capital and spending only their passive income.