Latest news with #GrantCardone
Yahoo
a day ago
- Business
- Yahoo
Grant Cardone Outlines How To Become A Leader In Any Industry: 'Are You Committed To Becoming A Master At Your Craft?'
Real estate investor Grant Cardone has succeeded in multiple industries. He has started companies in multiple verticals while leveraging his personal brand to tap into new opportunities. He recently revealed a six-step framework for becoming a master in any industry. This outline reflects the stages you will encounter along the journey and what it takes to advance. "Are you committed to becoming a master at your craft?" Cardone asked his followers. If you're ready to become a leader in your industry, you can follow the framework that Cardone established. Don't Miss: —with up to 120% bonus shares—before this Uber-style disruption hits the public markets $100k+ in investable assets? – no cost, no obligation. The Beginner Levels Cardone mentions two beginner levels that focus on you building knowledge and applying what you learn with some guidance. The amateur/novice level is for people who have little to no experience. They don't know many of the nuances within the industry and rely on rules and instructions to advance. After this level, you reach the apprentice/intermediate level, where you have some experience under your belt. You still need supervision for tasks, but the amount of supervision you need gradually decreases. You can also recognize patterns and adapt to specific situations. You're automatically at the amateur/novice level by default, and a little bit of practice can get you to the apprentice/intermediate level. You can accelerate your path by working with a reliable mentor instead of tackling the new industry or skill on your own. Trending: Named a TIME Best Invention and Backed by 5,000+ Users, Kara's Air-to-Water Pod Cuts Plastic and Costs — The Intermediate Levels The next two levels Cardone brings up are the practitioner/competent level and the expert/advanced level. Practitioners are able to work independently and can solve problems effectively. One of the weaknesses of a practitioner is that they may not be as innovative or creative as their peers. They can get problems done that are inside the box, but they may not have enough skill or experience for out-of-the-box thinking. The expert level consists of people who have built deep knowledge in their field and can think creatively when they solve problems. Experts can mentor beginners and adapt comfortably as situations change. While you can learn your way through the beginner levels, the intermediate levels place a stronger focus on experience. You have to turn your knowledge into action, and as you do, you will encounter various situations that offer valuable lessons. Experts still learn by reading books, watching videos, and listening to podcasts. However, they also feel confident with their knowledge and know that they can learn more from taking action than from a Advanced Levels The final two levels Cardone mentions are the master/sensei and the grandmaster/highest mastery levels. Masters are individuals who have become recognized authorities in their industries. They have technical skills and an intuitive understanding that they pass on to students. Some people view the master as a role model, but there is still one more level to climb. The grandmaster level is reserved for a small few. These are the household names of the industry that redefine the industry and create new systems that many people try to adopt. Your income will likely climb as you ascend this ladder of mastery, assuming you use these steps for an income-producing skill. However, you can also apply this framework to any hobby or activity that you want to master. Read Next: Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." 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 Become A Leader In Any Industry: 'Are You Committed To Becoming A Master At Your Craft?' 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
a day ago
- Business
- Yahoo
5 Must-Haves for a Profitable Real Estate Investment, According to Grant Cardone
Real estate mogul and private equity fund manager Grant Cardone said that there's only one asset class that always makes you money, generates passive income, appreciates over the long-term and offers tax advantages. Explore More: Read Next: 'It's not gold, silver, Bitcoin or the stock market — it's real estate,' he previously told GOBankingRates. However, breaking into the real estate investment game can be tricky, and you can end up losing money if you don't do it right. In a recent Instagram post, Cardone broke down the five things you need to make your first successful real estate investment. 1. Find the Right Property — aka 'The Deal' The first step is choosing the right property. 'First, you need the deal,' he said. 'When I talk about the deal, I'm talking about the property itself — where it's at, what it does, how it functions.' The location, condition and income potential of the property must be properly evaluated before you sign on the dotted line. If a property doesn't make sense on paper, it simply won't be a good investment. Find Out: 2. Understand the Debt You'll Take On Next, evaluate the debt you will have to take on to acquire the property, Cardone said. Make sure you understand the terms of your mortgage, including interest rates, amortization schedules and how debt will impact your cash flow. 3. Use Equity — But Not Necessarily Your Own You will need to access equity to purchase a property, but you don't need to use all of your own money to make a deal. 'I don't have to have the cash,' Cardone said. 'I wish I'd have known that. I had been buying real estate for five years and didn't realize I did not need cash — my cash — to buy real estate.' Instead, you can leverage partner capital, private equity or syndication to fund deals. 4. Build a Real Estate Support Network When you're buying an investment property, it usually requires a whole network of people to get the deal done. 'There's no way to do real estate by yourself, ever,' Cardone said. This 'network' can include lenders, insurance agents, property managers and tenants. 'You're going to have the government, a bank involved, probably investors, definitely residents, an insurance company, property taxes…,' Cardone said. 'There's no way to do real estate by yourself.' 5. Confidence: The X-Factor You Can't Fake Confidence is an asset you will need to close any successful deal — but you can't manufacture or buy it. 'There's no pill for it, and it's worth billions,' Cardone said. 'Confidence is not something you hype up, like, 'I'll fake it 'til I make it.' Do not try that in real estate.' Cardone believes that faking confidence can lead you to miss out on deals due to lost credibility. 'Faking it 'til you make it in real estate means you're going to fake it, and you ain't ever going to make it,' he said, 'because everybody's going tell that you're faking it.' More From GOBankingRates 3 Luxury SUVs That Will Have Massive Price Drops in Summer 2025 Here's the Minimum Salary Required To Be Considered Upper Class in 2025 The New Retirement Problem Boomers Are Facing This article originally appeared on 5 Must-Haves for a Profitable Real Estate Investment, According to Grant Cardone 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
2 days ago
- Business
- Yahoo
Grant Cardone And Ben Shapiro Don't Believe In Retirement, But For Most Americans, It's Still The Dream And Not 'A Stupid Idea'
While two of the most outspoken figures in business and media say retirement is overrated or unnecessary, most Americans still see it as one of life's biggest goals. Financially Stressful, But Emotionally Rewarding In a recent post on X, billionaire investor Grant Cardone listed three reasons he'll never retire: Love for work, purpose and challenges and deadlines. He wrote, "Work gives me a sense of purpose and contribution," and "I do better when there are challenges to be resolved by some time. I like 'can we do it?'" Conservative commentator Ben Shapiro voiced similar views last year, saying on his podcast, "No one in the United States should be retiring at 65 years old. Frankly, I think retirement itself is a stupid idea unless you have some sort of health problem." He argued that people need purpose and added in a post on X that "If you are mentally and physically healthy, taxpayers should not pay you to retire at 65." Don't Miss: Deloitte's fastest-growing software company partners with Amazon, Walmart & Target – Many are rushing to grab $100k+ in investable assets? – no cost, no obligation. Shapiro also pointed to economics, writing, "America will have to raise the retirement age because economics exist. Your choices are massive tax increases on the middle class (a la Europe) and raising the retirement age. There is no third choice." Most Americans Still Want to Retire But the majority of Americans don't share Cardone and Shapiro's stance. According to a 2024 survey by Wealth Enhancement Group, 77% of U.S. adults say they feel happy or grateful when thinking about retirement. Among those already retired, 90% said they didn't regret it, and 33% said it was even better than expected. Despite that optimism, the financial side of retirement is a major concern. More than half of Americans who haven't retired yet say inflation has delayed their goals by an average of eight years or more. About 80% doubt they'll have enough money to fund their ideal retirement. Trending: Named a TIME Best Invention and Backed by 5,000+ Users, Kara's Air-to-Water Pod Cuts Plastic and Costs — Confidence varies by generation. Millennials are the most optimistic, with 37% saying they're on track and 5% saying they've already hit their goals. Gen Xers, on the other hand, are the least prepared, with 25% saying they haven't set any retirement goals. Still, Americans aren't giving up. In the survey, a majority say they're taking steps to improve their finances, such as saving more money monthly and keeping a budget. Retirees who planned ahead are more likely to include things like philanthropy, estate planning, and long-term care in their financial strategies. What do people want most from retirement? Travel, hobbies, relaxation, and time with family. While Gen Z and Gen X prioritize travel, millennials value family time, and boomers want to rest. Even with the challenges, retirement remains a defining goal for most. As Wealth Enhancement's Ayako Yoshioka put it, "When considering your golden years, a good plan centers on what you want out of life. First comes the vision, then come the numbers." Read Next: This AI-Powered Trading Platform Has 5,000+ Users, 27 Pending Patents, and a $43.97M Valuation — Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die."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 Grant Cardone And Ben Shapiro Don't Believe In Retirement, But For Most Americans, It's Still The Dream And Not 'A Stupid Idea' 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
2 days ago
- Business
- Yahoo
Is Money Advice From Grant Cardone and Other Multimillionaires Actually Helpful?
Multimillionaires like Grant Cardone know a thing or two about money — and many aren't afraid to dole out advice. On the surface, modeling your money moves after someone who has realized significant financial success might seem like an obvious choice, but it's not always that cut and dry. GOBankingRates spoke with two financial advisors to get their take on the value of money advice from multimillionaire influencers. Here's what they had to say. Check Out: Read Next: Kevin C. Feig, CFP, CPA/PFS, Founder of Walk You To Wealth 'There is no shortage of entertaining financial gurus, such as Dave Ramsey, Robert Kiyosaki, Suze Orman and Jim Cramer, who are touting financial advice — which is labeled as 'not advice' for regulatory purposes,' said Kevin C. Feig, CFP, CPA/PFS, founder of Walk You To Wealth. 'These recommendations, which would be better labeled as 'financial fiction,' are OK at best, and downright dangerous to your wealth at worst.' He said this is a major issue, since many people rely on social media financial advice from the individuals listed above and other lesser-known influencers. 'This is the wealth equivalent of the Tide Pod challenge from a few years ago,' he said. Feig shared a rundown of his thoughts on advice from Cardone and a few other prominent wealthy financial influencers. Grant Cardone Feig highlighted the real estate mogul's 40/40/20 rule, guiding people to set 40% of their income aside for taxes, invest 40% and use 20% for living expenses. He said this can be a great move if you're able to invest 40% of your income, but doing so isn't realistic for the average American. 'For example, the median household income in the United States is approximately $75,000, which would require you to live off $15,000 per year, which is significantly below the poverty line,' he said. 'Additionally, the average income tax rate in the United States isn't close to 40%.' Discover More: Dave Ramsey In retirement, Feig said it's generally recommended to stick to a 4% withdrawal rate. However, he noted that Dave Ramsey has recommended an 8% withdrawal rate to his radio show listeners. 'If you were to follow this entertaining suggestion and withdraw 8% a year, then I would highly recommend that you also update your resume for when you have to go back to work during your twilight years,' he said. Suze Orman During a 2018 episode of the Afford Anything podcast, Suze Orman described having $2 million in retirement savings as 'pennies in today's world.' Feig disagreed with this statement. 'This level of inaccurate information, gross exaggeration and blatant fearmongering does little to help everyday Americans who are trying to improve their financial lives,' he said. Roland McIntyre, CFP, ChFC, Founder of Mountaintop Wealth If you enjoy listening to money advice from wealthy financial influencers, doing so isn't necessarily unhelpful, said Roland McIntyre, CFP, ChFC, founder of Mountaintop Wealth. 'It's certainly motivating to the average person, because these millionaires are saying, 'If I can do it, you can too,'' he said. 'So if Grant Cardone's video causes you to study more about a topic — great.' However, he noted that the strategies promoted by millionaire money influencers may not necessarily work for you. Therefore, before making any major purchases or money moves based on their recommendations, he advised meeting with a CPA, CFP or lawyer to review your unique financial situation. More From GOBankingRates 6 Popular SUVs That Aren't Worth the Cost -- and 6 Affordable Alternatives This article originally appeared on Is Money Advice From Grant Cardone and Other Multimillionaires Actually Helpful? Sign in to access your portfolio
Yahoo
3 days ago
- Automotive
- Yahoo
Grant Cardone Reveals the Only Time You Should Buy a Car — and When To Lease
If you're in the market for a new car, you may be deciding if buying or leasing is your best option. While different experts have different opinions on the matter, Grant Cardone — a private equity fund manager and real estate investor — has one hard-and-fast rule he follows. Find Out: Read Next: Here's how Cardone decides which cars he buys and which cars he leases. In a recent Instagram post, Cardone said that you should lease your car unless you can get a tax write-off for your car purchase: 'There's only one car you buy, and the rest you lease,' he said. According to the IRS Section 179 tax depreciation rule, you can write off the cost of a car weighing more than 6,000 pounds, as long as you use it more than 50% of the time for business purposes. For example, if you buy a $150,000 Range Rover, you can write it off for the tax year you make the purchase during because it weighs 6,000 pounds. 'You could buy it on Dec. 31, write it off that year — even though you didn't even drive the car,' Cardone said. 'You get to write it off … against your earned income if you have self-employment money or an LLC producing income.' If possible, Cardone said to pay cash for the car you are buying. Be Aware: Cardone has a second vehicle that he leases, and while he is a supporter of leasing a car, he noted that you should only do so if you can afford it with a shorter lease term. 'The [Rolls-Royce] Cullinan that I have is a leased vehicle,' he said. 'I leased it with no money, I put it on a 24-month lease — never longer than that. Whatever the payment is, if you can't handle that payment, don't do it. And then every 24 months, I trade that car in.' It's important to note with leasing that many experts are opposed to it because at the end of the lease, you don't have a car that you keep — you'll need to start making new payments on another car. The IRS only allows you to deduct the cost of a vehicle if it's a business expense, so you must be self-employed or a business owner to get this write-off. Cardone previously told GOBankingRates that it could be worth it to become a business owner for this tax break alone. 'I would always be a business owner in some way, shape or form,' he said. 'If I didn't own a business, I would join a multilevel marketing company so that I had a business. For $49, you can join a multilevel marketing company to write off the car.' More From GOBankingRates 3 Luxury SUVs That Will Have Massive Price Drops in Summer 2025 The 10 Most Reliable SUVs of 2025 6 Big Shakeups Coming to Social Security in 2025 This article originally appeared on Grant Cardone Reveals the Only Time You Should Buy a Car — and When To Lease
