Real estate guru Grant Cardone says saving money is a losing financial strategy due to inflation and taxes, and suggests investing in real estate as a better option. In a May 19 post on X, Cardone breaks down what would happen if you had saved $100,000 since 2020 versus investing the same amount in real estate, which he says benefits from inflation. The $100,000 savings would earn $20,000 in interest at 5%. However, you would have to pay $8,000 in taxes, and your purchasing power would have decl
American paychecks have increased since the pandemic, but the gains haven't kept pace with rising rent prices, and real estate magnate Grant Cardone blames President Joe Biden rather than inflation. Between 2019 and 2030, rents surged by 30% while wages rose by about 20%, Cardone wrote in a May 18 post on X. Despite the addition of 1.2 million new apartments nationwide — a 50-year high — rents have not declined. It is still cheaper to rent than to buy, with the monthly cost of owning a home near
High-net-worth individuals, or HNWIs, are those with $1 million or more in liquid assets. This group significantly impacts not just managing their wealth but also shaping broader economic trends. They’re often ahead of the curve in spotting and setting new investment patterns. When it comes to investing, HNWIs like to spread their investments across various asset classes, but they’re particularly big on real estate. They allocate about 32% of their wealth to residential properties and 21% to com
Financial guru Dave Ramsey is a big fan of investing in real estate, but he warns that it's not as easy as online "experts" would have you believe. A robust real estate investment strategy can significantly enhance your net worth and generate substantial additional income. However, it takes a lot of work and patience to succeed when it comes to investing in properties, according to a May 14 blog post on the Ramsey website. "Investing in real estate takes a ton of work," the post states. "It's no