Latest news with #CardoneCapital
Yahoo
2 hours ago
- Business
- Yahoo
Grant Cardone Shares Latest Big Money Goal — Can You Get in on It, Too?
The 'Business Breakdown with Brian Bandell' podcast recently had financial influencer Grant Cardone on as a guest. On the episode, the CEO of Aventura-based Cardone Capital broke down how a major component of his investment strategy involves bitcoin and real estate. I'm a Financial Advisor: Read More: Cardone also shared his latest big money goals, which he writes down every morning. If you listen to what he had to say, there's a chance you might be able to achieve it, too. Cardone started by telling Bandell how disappointed he was with himself, even after all of his financial success and accomplishments. Recalling a visit to Bank of America, Cardone shared that when it comes to money, he remains open to doing more, doing it better and growing his wealth beyond where it currently stands. I'm a Self-Made Millionaire: When it comes to his company, Cardone noted he'd like to see Cardone Capital go public. Right now, Cardone is looking to put an estimated $100 million of bitcoin out there for investors, which should help secure deals, such as the $230 million bid in a bankruptcy auction for an apartment building in Boca Raton, Florida. In the process of going public, Cardone mentioned he'd like to 'disrupt real estate as we know it.' Currently, Cardone has 20,000 investors backing his real estate investments, consisting of mostly apartments and condos, with over $1.6 billion raised to finance those properties. Pension funds, charities and governments, Cardone pointed out, cannot buy bitcoin directly. 'The moment I have a real estate fund that has bitcoin on its reserve, they can invest with me,' explained Cardone. 'They can invest with me and have exposure to both.' The short answer is 'yes, but…' Zillow described that it is possible to purchase property using cryptocurrency if you convert your money into cash or transfer your crypto directly to the seller. Additionally, you can use crypto as a collateral on a mortgage or purchase a home using an NFT. No matter what method you choose, the transactions tend to be pretty quick, and allow you some diversification within your portfolio. The downside is that it can be tricky to use crypto in a real estate deal because not many sellers are willing to accept it as payment. Bitcoin and other cryptocurrencies are still unregulated, come with hefty capital gains tax, and can be unpredictable when used as collateral. If you do choose to take a page from Cardone's book in mixing real estate and crypto, proceed with extreme caution. More From GOBankingRates Are You Rich or Middle Class? 8 Ways To Tell That Go Beyond Your Paycheck This article originally appeared on Grant Cardone Shares Latest Big Money Goal — Can You Get in on It, Too? 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
4 days ago
- 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?
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
Yahoo
23-06-2025
- Business
- Yahoo
Cardone Capital Adds 1,000 BTC, Eyes 3,000 in Bold Bitcoin Strategy
Grant Cardone, the well-known real estate investor, has announced that his firm, Cardone Capital, has added 1,000 BTC to its balance sheet. "CardoneCapital adds 1,000 BTC to balance sheet becoming first ever real estate/BTC company integrated with full BTC strategy combining the two best in class assets," said Cardone in an X post. At current market prices, the purchase is worth just over $100 million. If Cardone Capital were a publicly traded company, this acquisition would place it among the top 30 corporate bitcoin holders globally, ranking near the 29th largest, according to bitcointreasuries. Cardone went on to reveal that Cardone Capital currently holds 14,200 residential units and over half a million square feet of Class A office space. The firm expects to add another 3,000 BTC and 5,000 residential units before the year ends. Back in January, CoinDesk reported Cardone's intention to use real estate cash flow to acquire Bitcoin, signaling a long-term crypto investment strategy. 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
Daily Mail
11-06-2025
- Business
- Daily Mail
Real estate tycoon blames Fed boss Jerome Powell for housing market 'crisis'
A real estate tycoon has hit out at Federal Reserve chair Jerome Powell for the challenges facing the housing market. Grant Cardone claimed that Powell, who leads the committee that sets interest rates, has caused a 'housing crisis.' The CEO of Cardone Capital told Fox Business that Powell 'has done more damage to the middle class and to housing in this country than any other single Fed or any decision that has ever been made out of Washington, D.C.' Cardone blamed high interest rates - which the Fed has set in an attempt to tame years of sky-high inflation - as the reason Americans are struggling to afford homes. 'That's why you have 500,000 more homes listed than buyers for those homes,' he told the outlet. 'When the rates come down, prices will also come down with it because you'll have more supply in the marketplace and supply is what controls prices.' The Fed's benchmark rate strongly influences mortgage rates, currently around 7 percent, so when it is higher it makes home ownership more expensive. The Fed has kept its benchmark rate steady between 4.25 and 4.5 percent since December. At the last rate-setting meeting in May, Powell warned that Trump's tariffs had raised the risks of higher inflation and unemployment, and therefore the central bank could not cut rates. 'If the large increases in tariffs that have been announced are sustained, they're likely to generate a rise in inflation, a slowdown in economic growth and an increase in unemployment,' Powell explained. Rising prices and more unemployment threatens the Fed's dual mandate to keep prices in check while ensuring a healthy labor market. However, high rates have 'frozen' the housing market as those on cheaper mortgage deals are not willing to move and refinance at a higher rate, which would add hundreds of dollars to their monthly payments. Further to this, mounting insurance premiums and growing fears about a possible recession are putting buyers off. Now an astonishing one in seven buyers are bailing on deals at the last minute, leaving more supply than demand in the market and putting downward pressure on prices. Cardone told Fox Business that if the Fed lowered interest rates it would 'stimulate' activity in the market which would in turn boost the economy. 'When you have a high supply but no demand because rates are too high, you don't have buyers coming in to reach those homes [so] the prices stay up,' he said. The CEO of Cardone Capital told Fox Business that Powell 'has done more damage to the middle class and to housing in this country than any other single Fed or any decision that has ever been made out of Washington, D.C.' Buyers are pulling out of home sales as the market remains 'frozen' 'If you want homes to move in this country, we need investors back into the marketplace and we need buyers back in the marketplace able to get a low interest rate,' Cardone continued. The Fed has been under pressure from the White House to cut rates, with Trump even threatening to fire Powell from his position earlier this year. Trump later backtracked, but has continued to lay the responsibility for bad economic news at the Fed leader's feet. Last week Trump blamed a poor jobs report on high interest rates, and once again publicly called on Powell to cut. Private payrolls increased by only 37,000 jobs last month, a far cry from analyst projections and the worst private job hiring slump since March 2023. Economists polled by Reuters had forecast private employment increasing 110,000 following a previously reported gain of 62,000 in April. 'ADP NUMBER OUT!!! 'Too Late' Powell must now LOWER THE RATE,' Trump said in a Truth Social post following the release of the data. 'He is unbelievable!!! Europe has lowered NINE TIMES!' The European Central Bank has only cut interest rates seven times, with its latest slashing coming in mid-April.
