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Benzinga
Benzinga
Business
Marc Guberti

Grant Cardone Explains Why 40% Of People Who Earn $250,000 Per Year Still Live On Paychecks: 'They Spent Money They Shouldn't Have Spent'

Hand,Giving,Paycheck,,Check,,Cheque,In,Transaction,Concept

Real estate investor Grant Cardone recently spoke on a podcast about the people who are living paycheck to paycheck despite earning $250,000 per year. He's baffled that high earners don't have much at the end of each month and pinpoints a clear reason why that's the case.

"They spent money they shouldn't have spent," Cardone said.

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