Grant Cardone: Cash Is TRASH. Here’s What to Do Instead

Now I have the potential of the orange line. So you're using the bank's money to add Bitcoin to the transaction, right? I'm not using bank money right now. I'm just using fiat currency. I'm using this garbage. I'm using this garbage. We know this is garbage, right? As you guys understand, cash is trash. Cash is not king like it was in the 30s and 40s. This is garbage. This $100 bill has lost 91% of its value in my life. It's lost 25% of its value in the last six years. It's lost 10% of its value. This year, so anyone saving money, and for the ladies in the room, you use propensity to keep most of your money in cash, savings, checking accounts, and money markets. You got to quit doing this. You're not saving your money. Your money's being destroyed. And the funny thing, and this is why it's so important what you do, the account's going to say it has a million dollars, but it doesn't buy a million dollars. That's how they trick you. So what we did was we took this real estate, we want to convert cash that's going down and back to real estate that maintains its value and has big tax write-offs. This idea that you have to do two things. Everybody's got to die and pay tax. Neither one of them are true. I refuse to believe I'm going to die. And I definitely ain't going to pay the IRS. This is what I got for the IRS. My job as the wealth builder in my family is to make sure I give this to the IRS. But it really means this. My kids here. Nothing. I want to give them nothing. I want to pay the federal government nothing. Zero. And I'm proud of it. I pay $40 million in property tax. I want to fund my community. I do not want to fund the national government that makes dumb decisions to go to wars in Ukraine or Iran. I know you guys are proud about bombing Iran. I don't want to pay for it. I don't want to fund it. Yeah. Okay? You can clap for that. Yeah, because most of that money never made it to the B-10. Most of that money pillaged on the way to Ukraine, okay? So anyway, back to our problem right here in America. I own 1,000 pieces of Bitcoin. It purchased 1,000. How many of you think it's going to be worth more tomorrow, a year, two years, three years, four years, five years from now than it is today? Even if you don't know anything about it, like I have no, can you get back to where I take it down? There you go. Okay. I have five years with this stuff. I don't need to sell it today because I have my real estate. Now, also on this particular piece of real estate is we have a development play where I can take these 366 units, convert them to condo, sell them for a million dollars each. The project's now worth 366 if I sell them for a million dollars. I sell my real estate. The whole project was $335 million. I make $30 million and own 1,000 Bitcoins. Now, what happens if the Bitcoin goes down? I still have my real estate. And by the way, if it goes down, I pray every day it goes down so I can buy more because I'm using the cash flow to own more because I'm not getting rid of it anyway. Oh, you're putting some of the cash flow even to acquiring more? Like your dollar cost averaging? My dollar cost average every month. Oh, wow.