Grant Cardone: Owning your first million dollars at age 45 doesn't mean you're wealthy... Wealth begins with investing, not saving

American real estate investor Grant Cardone said that owning your first million dollars at age 45 doesn't truly mean you're wealthy, especially if you don't have a steady income source. He explained during an interview on VladTV that many people stop at their first million and focus on preserving it instead of reinvesting and growing it.

According to his estimate, relying on just a million dollars might provide around $20,000 annually, or approximately $1,800 per month, which does not reflect genuine financial security. He also pointed out that a large part of net worth is often tied to illiquid assets like a primary residence, emphasizing that the home should not be counted as part of investment net worth.

During the conversation with host Vlad, the two discussed investing in stocks of companies like Tesla, Google, and Amazon, stressing that market investments require not needing liquidity in the short term. Cardone believes true wealth is achieved through continuous reinvestment of capital, not just holding the title of "millionaire."