‘Quit Saving Your Money’

Bethan Moorcraft   Thu, June 8, 2023

Financial guru Grant Cardone says there’s only 1 thing that will bring you true wealth — it's not your job or being cheap. Here's what it is and ways to do it

Real estate investment guru Grant Cardone says Americans should “quit saving” if they want to build true wealth.  Cardone, who goes by the nickname Uncle G, recently shared his two cents on Twitter: “That full-time job won’t bring you wealth. Saving, saving, saving won’t bring you wealth. Overspending won’t bring you wealth. Being scared won’t bring you wealth.”

There’s only one thing that will help you build real wealth “beyond millions of dollars,” according to Cardone. He says you need to invest.

“Quit saving your money,” Cardone says in a video he tweeted June 5. “That’s what my parents did. They saved money. They didn’t invest their money correctly. They didn’t take money [and] leverage it into real investments because they were terrified of losing their money.”

Cardone claims there are “asset classes out there where you can never lose your money” — such as real estate that generates cash flow and appreciates in value over time.

That advice comes as no surprise given that Cardone built a real estate empire — which he says contains almost eight thousand units of cash-flow-producing real estate, worth over $4 billion — from scratch.

Interested in emulating Cardone’s success? Here are three ways you can start investing in real estate without needing heaps of cash to get started.

Real Estate Investment Trusts

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https://finance.yahoo.com/news/quit-saving-money-financial-guru-143000488.html