Latest news with #Cardone
Yahoo
a day ago
- Business
- Yahoo
Grant Cardone Outlines How To Get $10 Million And Reveals Key Mistakes: 'They Think They Should Buy A House'
Real estate investor Grant Cardone advocates for buying rental properties to boost cash flow and benefit from long-term appreciation. He's used that strategy to amass more than $5 billion in assets under management, and he recently laid out the path to reaching a $10 million net worth. Cardone highlighted best practices and common mistakes that people make, especially when they start to make some money. "They think they should buy a house," Cardone bemoans while mentioning that a house is a terrible investment. Here's what you should do to amass $10 million, according to Cardone. Don't Miss: Named a TIME Best Invention and Backed by 5,000+ Users, Kara's Air-to-Water Pod Cuts Plastic and Costs — This AI-Powered Trading Platform Has 5,000+ Users, 27 Pending Patents, and a $43.97M Valuation — It didn't take long for Cardone to mention that the U.S. dollar has lost 25% of its value since the pandemic. Keeping your money in a high-yield savings account will increase the nominal value of your account. If you have $1,000 in your savings account and earn 4% APY, you'll end up with $1,040. However, inflation hurts the value of the money that you keep in your bank account. Even if inflation is low, some of your favorite businesses may raise their prices at rates higher than the posted inflation amount. Your money isn't doing any good in the bank. Cardone mentioned that people put their money in the bank, and then the banks proceed to lend that money to individuals and businesses. Cardone asserts that it's not really your money when you put it in the bank since the financial institutions get to use your money for loans. Trending: $100k+ in investable assets? – no cost, no obligation. One of the most common mistakes people make is changing their living standards the moment they make more money. Regardless of whether you get a small raise or double your income, Cardone encourages people to maintain their living standards. By skipping the Lambos, Guccis, and other high-end items, you can plow more money into your investments. Real estate, stocks, and crypto are some of the places you can put your money to multiply your net worth. Aggressively investing your money and maintaining frugal living standards can eventually put you in a position where your investments grow faster than your ability to earn additional income. This part of Cardone's advice caters to making short-term sacrifices for long-term also mentions that a house is a bad investment and that you shouldn't rush to buy a house just because you're making extra money. This advice may not seem practical to people who value home equity and view rent as throwing money away. However, you have to lock up a lot of money in your home through the down payment and monthly mortgage payments. If you rent, you can move on a whim, and you don't have to make a big down payment. Some investors can generate higher returns by investing in stocks and real estate instead of putting the same money into a down payment. Homes make more sense if you have a family and are ready to settle into a neighborhood. Cardone owns some luxury homes, but he made those purchases after making many successful real estate investments. A house isn't an investment unless it's producing cash flow from tenants. Read Next: Here's what Americans think you need to be considered wealthy. Image: Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report TESLA (TSLA): Free Stock Analysis Report This article Grant Cardone Outlines How To Get $10 Million And Reveals Key Mistakes: 'They Think They Should Buy A House' originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
08-07-2025
- Business
- Yahoo
Grant Cardone's Recent Move Could Mean Good News for Bitcoin: Is It Time To Invest?
Is it time to invest in bitcoin? If you are like most people, you might be on the fence about cryptocurrencies. Many financial entities were also on the fence until recently. Read Next: Explore More: As Cointelegraph reported, Grant Cardone's real estate firm, Cardone Capital, purchased 1,000 bitcoin, highlighting a shifting investment strategy at his company. Read on for more information about Cardone's latest move and what it means for bitcoin and your investment strategy. On June 21, Grant Cardone posted on X (formerly Twitter) that his firm became the 'first ever real estate/btc company integrated with full BTC strategy.' This comes after announcements in late April that Cardone Capital was planning to use the profit from its real estate venture to purchase 1,000 bitcoin. As Cointelegraph reported, Cardone Capital's purchase was worth a bit more than $101 million. And this purchase may not be the only one. CoinDesk reported that Cardone Capital is planning to add 3,000 bitcoin and 5,000 residential units by the end of the year. Check Out: As more traditional finance entities adopt cryptocurrency, more investors on the fence could enter the market. These large financial entities conduct thorough due diligence and market research before pursuing a new investment, meaning they have fully vetted bitcoin and believe in its ability to generate financial returns. However, the decision to invest is based on your personal financial goals. Bitcoin is still a relatively new type of asset, meaning there isn't 50 years of historical data. As a result, many investors supplement their portfolios with bitcoin. For example, they will purchase traditional investments, like mutual funds and exchange-traded funds (ETFs), and hold some funds in bitcoin. The diversification and allocation of your portfolio between bitcoin and traditional investments will depend on your risk tolerance. If you have a high risk tolerance, you might hold higher levels of bitcoin. On the contrary, if your risk tolerance is low, bitcoin should make up a smaller part of your portfolio. Like any investment, there is a possibility of losing your funds. However, Cardone Capital investing in bitcoin could be a positive sign. Properly balancing your portfolio, working with a financial expert and implementing consistent oversight are great ways to reduce risks. More From GOBankingRates These Cars May Seem Expensive, but They Rarely Need Repairs This article originally appeared on Grant Cardone's Recent Move Could Mean Good News for Bitcoin: Is It Time To Invest?
Malaysian Reserve
08-07-2025
- Business
- Malaysian Reserve
Grant Cardone and Tony Delgado Share Stage at CPAC Latino
HOLLYWOOD, Fla., July 7, 2025 /PRNewswire/ — Two of the most prominent voices in business and personal empowerment, Grant Cardone and Tony Delgado, delivered back-to-back keynote speeches at the CPAC x Latino Wall Street event held this past weekend at the Seminole Hard Rock Hotel in Hollywood, Florida. The joint appearance marked a significant moment for conservative politics, financial literacy, and Latino entrepreneurship. The event, a collaboration between the Conservative Political Action Conference (CPAC) and Delgado's Latino Wall Street movement, drew hundreds of attendees from across the country. Entrepreneurs, political leaders, and young professionals gathered to hear hard truths and actionable strategies from two of the most dynamic figures in their fields. Cardone, known worldwide for his 10X Rule and multi-billion-dollar real estate empire, focused his message on economic independence and aggressive goal-setting. 'If you want freedom, you need capital. And if you want capital, you need courage,' Cardone told the crowd. 'Stop thinking small. Nobody's coming to save you.' Delgado, a tech entrepreneur and advocate for wealth-building in underserved communities, spoke with equal intensity. 'We're no longer waiting for a seat at the table. We're building our own,' he said. 'Latinos are the backbone of the American economy, but we need to become owners, not just workers. This is our time.' The CPAC x Latino Wall Street collaboration signaled a larger movement: the merging of political influence and economic empowerment within the Latino community. Panels throughout the day addressed issues such as decentralized finance, real estate investing, immigration reform, and building generational wealth. Both Cardone and Delgado emphasized self-reliance, discipline, and urgency. They didn't hold back. 'We are done being silent,' Delgado added. 'We are done being passive. The new generation of leaders looks like us — and talks like us.' The event wrapped with a networking session and calls for continued collaboration between entrepreneurs and policy leaders. Organizers say this is just the beginning of a national movement. Check out their YouTube interview here: Grant Cardone at the First-Ever CPAC Latino | Latino Wall Street Media Contact:press@
Yahoo
07-07-2025
- Business
- Yahoo
'The Way You Treat Money Is How The Money's Going To Treat You' -- Grant Cardone Discusses Taking Control Of Your Income
Real estate investor Grant Cardone built a multi-billion-dollar real estate portfolio with leverage, hard work, connections, and other essentials. However, he recently discussed his relationship with money, and it offers a clear perspective into Cardone's success. He doesn't put it up on the altar, but Cardone takes money very seriously and encourages others to do the same. "The way you treat money is how the money's going to treat you," he explained. Your mentality toward money affects your income, investments, expenses, and every other part of your life that money touches. Here's how you can strengthen your relationship with money so you can boost your income and net worth. Don't Miss: Maximize saving for your retirement and cut down on taxes: Named a TIME Best Invention and Backed by 5,000+ Users, Kara's Air-to-Water Pod Cuts Plastic and Costs — Cardone accumulates money and puts it into real estate because he wants the money to multiply. While he spends money as well, he makes it a point to spend money on tax write-offs. His shirts have his company's branding on them, so when he buys those shirts, he gets to write them off. If you get deep into credit card debt, you are letting money consume you. The deeper you get into debt, the more difficult it becomes to claw your way out. Interest payments accumulate quickly, and while some debt can be good, credit card debt never qualifies as good debt. The interest rates are too high. Cardone also views financial success as one facet of a successful life. He also commits to his family, exercise, spirituality, and other areas of his life. There's more to Cardone than being wealthy and increasing his net worth. Some people who are successful financially get divorced because they prioritize money above everything else. That's another example of letting money consume you, which Cardone advises against. Trending: Invest early in CancerVax's breakthrough tech aiming to disrupt a $231B market. The conversation eventually shifted to Cardone's work as a car salesman. The job had long hours, and he dealt with plenty of rejection. You have to get on the phone a lot to be a successful car salesman, and long hours don't necessarily equate to success. Cardone despised the job, but it was one of the few opportunities open to him at the time. That job set up Cardone for a successful sales career and a real estate empire, and he explains that making his first $1,000 at the company set him on his current path. Cardone realized that he was in control of his money and income growth the moment he made $1,000 and then jumped to $2,000 and $3,000 per month. He used that momentum to excel as a salesperson, seek new opportunities, and claim control over his last message about controlling your income explains why he's become successful, but it also offers a valuable insight for viewers. When you put yourself in the driver's seat, you give yourself more options. People can pursue side hustles, ask for raises, job hop, or start a business to boost their income. You don't have to stay in one place forever or let one person dictate how much you earn. Developing new skills and meeting new people can lead to a higher income. However, your relationship with money plays a key role in how successful you are with those actions. If you are firmly committed to good money habits like keeping expenses low and investing most of your paycheck, you will put yourself in a better position to increase your income. Read Next: Here's what Americans think you need to be considered wealthy. Image: Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report TESLA (TSLA): Free Stock Analysis Report This article 'The Way You Treat Money Is How The Money's Going To Treat You' -- Grant Cardone Discusses Taking Control Of Your Income originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
Yahoo
01-07-2025
- Business
- Yahoo
Grant Cardone's Children Have Been Working Since 8 Years Old, Earning $50,000 a Year Completely Tax Free—Here's How
Grant Cardone, a well-known entrepreneur, real estate investor, and author, has long championed the values of hard work, financial education, personal responsibility, and tax avoidance. As the founder of Cardone Capital and the author of several bestselling books, Cardone's influence in the fields of business and personal finance is significant. His approach to parenting, particularly regarding money, offers insight into the principles that have guided his own career. In a recent interview and social post, Cardone talks about his perspective, saying, 'No freeloaders in the Cardone household. It's my job to teach my kids the value of a dollar.' This philosophy is not limited to words. Cardone has described how his children are actively involved in his businesses, taking on roles in sales, marketing, and event support. For example, his daughter reportedly has a contract with the company and is expected to make thousands of client calls each year. Instead of receiving traditional allowances, Cardone's children earn their income through work. Cardone says, 'And no, they don't get to keep the $50K, it gets invested into Cardone Capital and they get to keep their monthly cash flow.' Elon Musk's Tesla Makes History With 'First Time That a Car Has Delivered Itself to Its Owner' This Defense Stock Could Be the Next Palantir. Should You Buy It Now? Cathie Wood Is Pounding the Table on AMD Stock. Should You Buy Shares Now? Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! By investing their earnings in Cardone Capital, his children are introduced to the principles of passive income and long-term wealth building at an early age. The monthly cash flow they receive is contingent on the performance of these investments, reinforcing the idea that money should be put to work rather than simply spent. 'No allowances, no handouts. If they want something, they can have it, as long as they can afford to buy it themselves with the money they earn from their real estate investments,' Cardone said. The strategy is also a popular tax reduction strategy amongst business owners. There's no age at which a person may file a tax return, meaning even someone as young as eight can earn income and file taxes. The IRS simply says the work must be age-appropriate, reasonably paid, and actually completed. For business owners, like Cardone, this means someone with children could pay their kids the single filer's standard deduction rate of $15,000 per year to clean shops or make calls, and their kids would each earn $15,000 per year completely tax-free. The parents can manage this money and put it towards a college fund, a tax-deferred IRA, or even just children's expenses. This means the business owner is effectively reducing their business's taxable income by the wages paid to each child ($15,000) and keeping that money in the family without paying any taxes on it. For someone with several children, the savings could add up fast. In Cardone's case, he likely pays them the $50,000 per year because that's about the limit where he can likely pay no taxes for his kids. The contribution limit for a 401(k) plan is $23,500 for 2025. When Cardone contributes this money to his kids' 401(k), it further reduces the $50,000 taxable income to just $11,500, between the contributions and the standard deduction. He can further contribute $4,300 to a health savings account and another $7,000 per year to a traditional IRA. This means, once it's all said and done, his kids only have a taxable income of $200 per year, instead of $50,000, and they get beneficial tax statuses from their retirement accounts. If they're structured as contractors and have their own businesses through this arrangement, they could write off certain expenses incurred while working for their sole proprietorship and reduce their taxable income to $0. This approach reflects Cardone's broader belief that financial independence is achieved through effort and smart investing, not entitlement. The expectation is clear: his children must earn and manage their own resources if they wish to enjoy certain privileges. Cardone's authority on these matters is rooted in his personal history. Growing up in a modest household, he learned early the importance of respecting money — a lesson that became foundational after the loss of his father. These experiences shaped his views on scarcity, abundance, and the necessity of financial discipline. In the context of today's debates about generational wealth and entitlement, Cardone's methods stand out. By requiring his children to work, invest, and live within their means, he aims to prepare them for the realities of the market and the responsibilities of wealth. His career, marked by the transformation of modest beginnings into a multi-billion-dollar enterprise, lends credibility to his approach. On the date of publication, Caleb Naysmith did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
