Billionaire entrepreneur and influential investor Grant Cardone recently issued a provocative warning to the middle class. In a post on X, formerly Twitter, Cardone gave some advice that seemingly goes against every facet of traditional financial advice for building wealth. “Quit saving money, Quit buying homes, Quit saving for retirement, Quit borrowing for college,” Cardone said. His stark advice challenges conventional financial wisdom and targets what he labels "the mythology of the middle class." Rather, Cardone says the middle-class needs to do “what wealthy people do” and invest how wealthy people invest.
Cardone, known for his assertive style, bold declarations, and an expansive real estate portfolio, argues that the traditional middle-class path — saving, homeownership, retirement accounts — is failing. "250 million people consider themselves middle class, but they're really suffering with inflation, deflation of the dollar, cost of mortgages, housing, food, and no one to blame except time," Cardone elaborated.
