From Yahoo Finance: 2025-06-02 08:21:00

Entrepreneur Grant Cardone challenges traditional financial advice in an interview on Fox News, urging Americans to rethink their money habits. He argues that strategies like saving money and buying homes no longer work, encouraging people to invest wisely and maximize tax advantages instead.

Cardone believes the middle class is a myth and blames inflation and high mortgage costs for crushing working families. He advocates for following the wealth-building strategies of the wealthy, such as smart investments and utilizing tax advantages to reduce financial burdens.

The entrepreneur credits President Trump’s policies for creating opportunities for business owners to thrive, contrasting his experience in California where taxes and regulations hindered growth. Cardone emphasizes the need to reeducate people on effective wealth-building strategies to escape financial stagnation.

Cardone pushes back against conventional financial advice, suggesting that staying out of debt, buying homes, and saving for emergencies are outdated strategies that contribute to financial struggles. He encourages individuals to adopt the practices of the wealthy, including using tax advantages and making sound investments.



Read more at Yahoo Finance: Grant Cardone Says If You Want To ‘Get Out’ Of The Middle Class, You Need To Quit Saving Money, Buying Homes, Or Borrowing For College