Want to Get Rich? Know How to Diversify Your Investments.
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Yes, you need to depend on more than one flow of income, he says. But when you invest, make sure its in a controlled number of places that you have intimate knowledge of.
"You want to find one or two spaces you completely understand, that can't be destroyed, and go all in," Cardone says. "That's how people get rich. People don't get rich by tip-toeing in with $100 investments all over the place."
For more investment tips, and to find out the one thing Cardone invests his money in, watch the video above.