“It is labor alone that is productive: it creates wealth and therewith lays the outward foundations for the inward flowering of man.” —Ludwig von Mises
There was a recent video circulating on Instagram of real estate tycoon and friend of Liberty, Grant Cardone, explaining to his 14-year-old daughter how to acquire an income-producing property. It was such a treasure trove of information that I quickly shared it with my friends and connections. What was shocking was the number of adults, well into their mid-20s and older, who still did not understand Grant’s lesson even though he made it simple enough for his young daughter, Sabrina Cardone, to understand.
In this article, I will help explain Cardone’s investment real estate lesson easily enough for the average 14-year-old to understand.
“In the long run, inflation comes to an end with the breakdown of the currency.” —Ludwig von Mises When money
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