In a candid interview with Mike Tyson on his podcast, Hotboxin’ with Mike Tyson, Grant Cardone, CEO of CardoneCapital delves into the details of how he is where he is today. A sudden demise and an abrupt halt to the primary source of income were the bitter pills a grieving family had to swallow.

Thus thrusting them into a daunting battle for financial survival. Young Grant had to face troubling realities like losing his family home, scrambling for petty change, and even drug dealing. However, this story is one of perseverance and coming out of adversity. This is how the entrepreneur and investor has amassed assets worth $4 billion.

Mike Tyson Sits Down with Grant Cardone

Grant Cardone revealed to Mike Tyson that just days after bidding farewell to their beloved patriarch, the family found themselves ensnared in a web of uncertainty. The family’s comforting illusion of stability shattered, revealing a stark truth: the money that once flowed steadily into their household had abruptly stopped. Undoubtedly with the burden of immediate decisions pressing down, Grant’s mother faced the daunting task of ensuring her family’s future.

Grant revealed that in a swift and determined move, she put their cherished home on the market, hoping to salvage some semblance of security. Even So, the process of selling the house, typically seen as a beacon of financial relief, unraveled a bitter reality. However, the funds generated, intended to provide a lifeline, slipped through her fingers as the urgent need for shelter compelled another property purchase. This rapid cycle highlighted a profound truth about real estate — a truth often obscured by the dream of property ownership. ” The truth is the day he died. Thursday he died my mom was selling the house on Monday. 4 days later she’s dumping stuff doesn’t know where money is going to come from”

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Grant said that houses, perceived as assets, can swiftly transform into burdensome liabilities. Nonetheless, the allure of homeownership blinds many to the financial complexities involved. The family’s experience serves as a stark reminder: real estate transactions demand meticulous planning and foresight. Hasty decisions can plunge individuals into a cycle of financial instability, perpetuating the very problems they seek to escape.

In the face of adversity, this family’s story stands as a cautionary tale. Without a doubt, Grant urges us all to reevaluate our perceptions of financial security. It underscores the importance of informed decision-making. Primarily the necessity to view assets not through rose-tinted glasses but with a discerning eye for the complexities they entail.

Grant’s battle with  Drug Addiction

Grant Cardone further revealed to Mike that as a 15-year-old, seeing no way to make ends meet, Grant started dealing drugs. This quickly turned into a toxic relationship. This often happens when lines start blurring between being a dealer and a user. Grant also emphasized he wished his mom hadn’t sheltered and protected him. Grant wished he could be allowed to confront the reality of his situation. He added that he would be a much better person than he is today.

The entrepreneur also sadly reveals that he felt very betrayed by his extended family’s lack of help. And on that day, he made a solemn vow: he would never want for money in the future and would support his mother and siblings.” He [drug dealer] started showing me the drug thing, and next thing literally within 12 months I was using drugs every day went from being a good kid to I was using every drug available.”

Our community grapples with the harsh realities of an ever-changing world, this narrative serves as a poignant reminder — financial prudence. Not impulse that must guide our choices. In the unforgiving landscape of today’s economy, knowledge and wisdom are our most valuable assets. It shields us from the pitfalls that can unravel even the most carefully crafted dreams.

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