Grant Cardone on Having No Emergency Savings: I Don't Need Any, Savers Stay Broke (Part 2)
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- Опубликовано: 10 май 2024
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Grant Cardone shared his bold perspectives on financial matters. According to Cardone, traditional saving methods have "scammed the American people," as inflation and devaluing currency have significantly decreased their worth over the years. He expressed strong opposition to the idea of traditional savings accounts, underscoring that the average annual interest paid by most American banks is a mere 0.1%. Cardone even challenged the value of a college education, asserting it's not necessary for financial success. His argument supports his broader perspective that traditional financial and academic paths may not always result in wealth, and, in some cases, might even keep individuals within the confines of the middle class. 
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Follow Grant's example and dont save for emergency. See how well that works out for you
Right
.but he meaning ER money jus sits there and dont collect intrest..lmao..you have to have categories to this..one or ERs..2 for investing
@@edubb2491 Grant said in the video that he's against Apple Savings accounts which are relatively high yield.There's no positive spin to this.
The point of savings is that it is readily available. If you invest it, you may be hit with penalties if you invest in a CD or you might liquidate at a loss if you invest it in stocks.
Savings is like insurance it;s to protect you .Even if it doesn't make a hughe ROI
@@edubb2491 That's not necessarily true in this day and age. All of my savings including my emergency fund is in a high yield savings account that I get 5 percent interest on. Rest goes into index funds. Grant's a grifter and this is how he makes the majority of his money selling this type of lifestyle to people so they buy his courses in hopes to getting like him. The average American needs an emergency fund.
Azz be on the curb asking for a dollar 😂
U missin why he said thst.. he'd spend 50k on somethin thst would bring him 1000 or 2000 a month.. nobody sayin.. "don't save for emergencies"...
His emergency savings is a free seminar away 😂
Exactly, then you gonna he be popping up on RUclips selling books, courses,and seminars
@@realestalive9572 there’s nothing wrong with that, but the fact he’s telling people not to save so he’s subconsciously telling them invest in him , when those people are already probably the poorer type. It’s evil
It's real estate he can just sell a property
Scientology number 1 scam artist
The question is, if Grant is rich, why does he need to sell the course!?
Two narcissist who like to talk over each other and hear themselves talk.
Nah ya bitch ass just not listening or you would’ve never mad this comment
Grant: What HAPPENED to you????
I'm loving this debate 😂
Fr Vlad can’t overtalk him
🤣 Foreal
😅😅
Vlad be quiet!! Let the man speak.
As a black man who also has a Computer Science degree. I will say this in a lot of corporations I worked in most of the time I was the only one with a CS degree. Does it help sure is it necessary with the free education available today mostly not. If you are dedicated you can learn on your own. I had a conversation amongst friends about HBCUs when I asked why did they go to school the most popular answer was to network. My parents sent me to school to learn. The answers kinda of shocked me going to school to network has to be the biggest waste of money. You can network outside of school without the debt. You can learn without school. Unless it’s to learn skills you can use long term it’s a waste and the biggest lie told to our communities it’s mandatory for success I agree with him here.
But dont you think going to college teaches you critical thinking skills. This guy just did some fuzzy Math multiplying 8% *30 which is 240% and unfortunately Vlad did not catch the lies. I did because I am good with numbers and have a Finance degree. The 6% broker fees are one time so would be only 12% front end and back end and then 2% *30 which is 60% for a total of 72%. This guy is a smooth sleek talker.
He said you do not need emergency savings and says you need to go to work. What if your loved one gets sick overseas and all they take is cash what happens then. What if someone dies. There are so many scenarios where immediate cash is needed so this Accountant either is being purposefully disingenous. And he has 1,500 tenants too, imagine dealing with him. He may be successful but doubt he is an ethical man.
Grant is dead wrong on not having an emergency fund. He's rich, so he can afford to have emergencies. The average person can't.
The message from Grant has always been don’t be average. 10X everything you do. If he can do it then you can too. He made the decision to have a better life.
@@darrencosby6774that sounds good and all but without any real direction or instruction he’s not really saying anything profound. That’s like me telling a homeless person “just go buy a home bro. Stop being homeless. I’ve never been homeless so why are you? ”
Everyone wants a better life but how many of us actually have it? They’re called the 1% for a reason. If everyone could do it the way he claims, trust me when I say the 1% of America would be poor, not rich.
@@darrencosby6774 the tactic is = look at all my shiny things, make you believe you get there by tomorrow if you buy into my product. But the reality is those shiny things were accumulated through making many believe and buying up that product
@@youngthieffI get what ur saying but to a certain extent there are people that do the wrong things with there money and who’s fault is that ? If u grown u don’t need nobody holding ur hand telling u stop buying expensive shoes, and clothes and going out a lot of people with things did sacrifices that other people won’t if I buy a vending machine to make passive income and u buy a watch to show off I don’t owe u no apology nor a hand out 🤷🏾♂️
Hed the emergency crisis on a bank loan or Amex that’s why he don’t need an emergency fund
If you want to build your own business you don't necessarily need a degree but if you want to be a doctor, lawyer or teacher you absolutely need a degree.
“Don’t save money, give it all to me instead”
-Grant Cardone
Says Nike and McD and Pfizer and Mercedes Benz and who ever else. What’s the difference?
@@viralbuthow000 nike I get some shoes I like McDonald’s I eat, Mercedes I get a good quality. This guy I get scammed.
@@entername7111 why is he not in prison?
@@viralbuthow000 billionaires don’t go to prison. Wealthy people get away with murder.
@@entername7111 but they can be sued successfully. Grant has not been
Vlad the way they built software in the 90s is NOTHING like today. Also, everything you paid to learn back then and more can be learned for free.
This 💯
It really just proves you know it vs telling a job yeah I know how just trust me
I like this guy because he calls vlad out on his shit😭😂
My man Vlad said the median net worth of the AVERAGE family in America is $193k. 🤣🤣🤣🤣.
@@Ramel34Wow
Both egotistical
But he’s wrong lol
@@Ramel34it is
Never EVER take financial advice from this grifter.
So we should take it from you? Are you worth a couple hundred million
He’s a billionaire
Take what makes sense out of everything
@@uncommonhits8736he is not a billionaire
But your broke
I gotta say Grant has blown Vlad out of the water thru part 4 of this
I'm favoured, $27K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America.
As a beginner what do I need to do? How can I invest, on which platform? If you know any please share.
I have heard a lot of wonderful things about Anna Davis on the news but didn't believe it until now. I'm definitely trying her out
I have heard a lot of wonderful things about Anna Davis on the news but didn't believe it until now. I'm definitely trying her out
Please who is this Mrs Anna davis
This sounds so good andI would like to
be a party to this, is there any wayl can
speak with her?
Honestly, our government has no idea how
people are suffering these days. Imuch
feel sorry for disabled people who don't get
the help they deserve. All thanks to Miss
Ann Davis , imagine investing $1000
and receiving $5700 in a few days....
Kardone came for an interview, Vlad came for a debate
Facts 😂
I swear 😅
You can go to college, just don’t go for something dumb like sports management. Go for nursing, law, something tht has a high likelyhood of you getting a job.
Then learn the many aspects of investing..diversify.
Technical college is better
Why not take that same money you spend on college debt…. and go create a business, invest in the SnP 500, or invest in a real estate portfolio?
I will agree, unless you’re starting a business or know how to turn a profit; don’t go to school to be a local journalist
@@zoatengtv5644 Well for one...in spite of what all of these "Entrpreneurs" would have you to believe, most of these small business crash out or barely churn out a profit. Also alot of the debt for college comes from Federal loans, and you need to actually be registered in college to get one of the loans. When you take out the loan, the tuition fees go automatically to the school. The feds are not just gonna hand you 50k for school so you can go start a business. Also, real estate doesn't always turn a profit. Look at broke NFL and NBA players that lost fortunes, and many will tell you they lost it on restaurants and bad real estate deals.
Vlad has gotten very argumentative in his interviews recently, he never was like that. Don't switch up now Vladimir!
Facts we don't care about your opinion Vlad we wanna get knowledge from the guest
He thinks he is god
Swear I'm wondering wassup with him
man its terrible, listening to him over talk the guest makes it hard to watch
He's narcissistic
Vlad panicked when Grant asked what year he was born lol
😅😅
Vlad is a dumb a**
Grant Cardone is the real estate mogul version of Aries Spears! He be getting on Vlad azz and calling him on his BS 😂😂😂
Vlad is an idiot a**
I did not know my RUclips account has made me a tech company owner 😂
It doesn’t. His actual company is. If you think Vlad just does RUclips then that’s where your confusion comes from.
Yes congrats on the fortune 500 company bro
No lie, grant was saying something about college especially being older and looking in hindsight.💯
But the fact is, he still has a degree. Whethere he admits it or not, he went through a growth in college that he wouldn't have if he started all of this straight out of HS
Not really. It depends on the degree you're getting. If you're going to college just for a degree then you're going to be in trouble. You have to go to college to obtain a highly needed skillset within the job market.
College degrees can be useful depending on what your Major is. If you have a degree in French Literature, you probably arent going to have a lot of job prospects. But if you have a degree in Finance or Computer Science you will have lots of job prospects.
You're going to grow no matter what. And the mistakes that you make fresh out of college, you'd make 4 years earlier
He LITERALLY stole that speech from Robert Kiyosaki... he was saying that back in the late 90s
He saying if don’t have the savings it’s pushes you to get it but y’all not ready for that conversation
I like this guy 😂 finally someone shutting up vlad lol
Grant’s a great guy. Listen to what’s not being said & read between the lines. He’s pragmatic with practical insight for amassing wealth during current times
You’re probably one of the fools who gave grant cardone your money. The guy is a con man.
He doesn’t have emergency savings bec he can always pull against his property. He has an emergency it’s just not like everything else
Yeah, he probably has all types of lines of credit.
Vlad out of touch with the world
This grant guy is a boomer who again is completely out of touch with reality 😂😂🤦♂️
He’s definitely lying. He’s got money put away somewhere.
I do, too. That'd just be stupid not to.
He uses credit and he has huge credit lines to draw from if he ever needs to.
So he doesn't need "savings" because he already has cash in the form of credit available.
@@MomoAfterDarkand he's going to have to repay that.
@@seanfraser8456 If Im borrowing a Million and paying 10% to make 10Million I'll pay that back all day.
The premise is…put your actual money to use via investing and have credit available for emergencies. And if you have to use credit, then you can prepare to cash out an investment to pay it back (if needed). So your money is never sitting idle losing value
College is like any other thing, some good and some bad. If you go for an Art/Philosophy degree good luck, if you go for a STEM/Medical degree you should be pretty well off. Way to many people are going for the first rather then the last, now they are struggling and talking bad about the whole idea instead of their own bad decision.
I went back to school and got my engineering degree and even without a ton of internships and being 32 I got 6 job offers out freshly off of graduating and they're all remote and easily the most money I've ever seen and a decision I should've made 10 years ago. Although even in tech people are struggling.
I feel like the main problem with college is that it’s spitting out book smart people who are new borns to the real/business world. 4 year’s sharpening an axe but not using it doesn’t help when its time to cut wood…
He’s not lying about majority of middle debt being tied in a home. But its because Americans were sold the dream that having a home was a sign of success. Small-medium without return on investment is making less and less sense to me as i get older
House, Cash, and Retirement: all middle class concepts.
You been through A LOT in life, but you're going to make it. You got this
Nothing wrong with being middle class
@@realitsgaz for you
@@realitsgazif you accept being a robot and working a 9 to 5 till your 70 years old that is. That’s just the American dream thing they fool you with to waste your life.
@@301larussomusicI don’t see a 9-5 as terrible lol, it just trendy to say that😂 my parents make 300k a year on a 9-5 and I wouldn’t call it “wasting life”.. this 9-5 narrative has to stop😭
Grants emergency fund advice isnt for the average joe! We need emergency funds!
Vlad usually says “we’ll agree to disagree” when he’s getting cooked
No, Vlad is right here
How is he getting cooked?
Yup to keep balance ⚖️
Vlad still got cooked. How can you tell a real estate mogul about fees for purchasing property
When Vlad yt revenue stops he’ll understand
10:46 Grant: "It's 6 percent, WTF you talking about" 🤣😭🤣🤣🤣😭
Lmfaaaaaaoooooooooooo
I never buy Vlads subscription but I will this one time to see the full interview I can’t wait for all the parts to be uploaded
Finessed
I swea im getting it too
How much you getting paid to post this comment?
Lol
@@keepingit-g-witmepodcast4537 🧢
lol getting scammed
Grant came ready for vlad lol cant wait to see the rest
He took his azz to school on this topic Math class😂
😂i'm loving this
Came ready? He got shit down
Grants a fake
Now these are the VladTV interviews I truly appreciate!!!
Even though is popular to hate on college - I'm also a fan of a college (if you pick a decent major) and you actually apply yourself - its very worth it. The overall skills you learn in terms of managing yourself, understanding deadlines, writing/speaking/social skills, collaboration, and just general knowledge in a lot of different areas - has helped me tremendously and ultimately resulted in much more income. College isn't perfect and needs a lot of reform, but for all of these rich dudes (whom many went to college themselves) to push people not to go - is a disservice to a lot of young people who listen.
Are just get a trade becoming a havc certified
As a guy who works in tech I could assure you A.I. can't do what a human can do. He's right for the most part though.
This guy made a lot of great points.
Realistically though if you’re a billionaire you don’t need it. But average peeps, be careful with that advice.
Being a billionaire should be illegal 🤷♂️
Tax the rich
Stop being average……..
@@RidinWitKenny theres 8 billion people in the world and only 2700 billionaires
@@nickdavinci2196 And how many of them bussed their ass to get there? What’s stopping u?
Vlad has been circling the drain for a minute…after this conversation he just went down
Vlad don't know what tf he talking about
“What happened to you Vlad” 😂
He was in disbelief 😂
6:47 He Spittin 🔥🔥🔥
Vlad said his RUclips channel is a tech company 😂😂😂😂. What? He’s delusional asf
But it is though...
@@rolandthomasjuniorBut it's not though.
A media company sure!
How y’all know what that man business is?
Media is tech@@williamhodges3941
It’s a you tube channel not a tech company
I need to see this whole interview
LOVE THIS CONVERSATION !!!! good ish !
I don’t like vlad keeps talking in these good interviews
Vlad is speaking out his ass
Facts who need college
@@tarioxjones5263trade school is the move. My pops makes double what my mom does. She got a 4 year degree and he took some plumbing classes over the years and is closing in on $200k a year
His point on whether the value of your house should count as part of your net worth made a little sense to me. Everything else was nonsense though
@@tarioxjones5263 Doctors, Engineers, Lawyers, etc..
stuck in the past.....college is a waste unless its a specialized major and your out for blood........most majors are a waste
I here what Grant is saying. Get to work if you have an emergency. That is going over many people's heads.
How TF you gonn “go to work” if you sick AF with hospital bills coming etc 😂
Y’all must remember Grant from the struggle. Listen to him
The reason he says no savings is basically for your mindset you want to avoid the savings mindset put a couple of grand up two or three then everything else in investment If you are afraid then wealth might not be for you.... wealth requires risks and risks are scary....
💯💯💯💯
Well analysed as always. I've seen a lot of newbies enquire as to whether or not it is too late to buy assets especially BTC, ETH, litecoin and maybe XRP...most having the intention to hodl these assets. I would say we should prep for all scenarios as the market has always been unpredictable. So boring that new type of analyses are coming out monthly from all analysts and youtubers. I must say trading offers far more benefits than just holding, I will advise traders esp newbies to have orientation of trading before they get involved in it. I accept things are changing and have to be reconsidered by time.... but not just that fast like these analysts and youtubers are doing. I've managed to grow a nest egg of around 2.3B'tc to a decent 21B'tc in the space of a few months... I'm especially grateful to McDweny, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.😊😊😊😊😊😊😊
Wow. I'm a bit perplexed seeing him been mentioned here also Didn’t know he has been good to so many people too this is wonderful, I'm in my fifth trade with him and it has been super.
YES!!! That's exactly him name (McDweny) so many people have recommended highly about him and am just starting with him from Brisbane Australia🇦🇺
You trade with McDweny too?
Wow that guy has been a blessing to me and my family.
You trade with McDweny too😮😮?
Wow that guy has been a blessing to me and my family.
I was skeptical at first till I decided to try. Its huge returns is awesome. I can't say much
These are my favorite interviews from vlad with Grant Cardone .
Damn, Vlad!!! They finally got to you!!!! God bless you!
Grant's advice doesn't hold water, its always good to have a solid financial plan, which essentially includes some diversified investments for Emergencies.
It's crucial for individuals to diversify their portfolios, seek professional financial advice, and stay informed about market trends to navigate these challenges effectively.
Absolutely. And with the fear of not being able to retire comfortably, people might be tempted to make risky investments or neglect proper financial planning, which could spell trouble for their portfolios in the long run.
No doubt being financially free and not having to worry much about health care and other emergency expenses cannot be overemphasized, making smart plans and setting up diversified investment portfolios is quite essential.
Good point.. the market has been crazy lately, a few surprises here and there.. with all the global happenings taking place I think it’s safe to say that a severe global recession is looming..there's a need to be prepared
You need to get a financial planner or expert to aid diversify your portfolio to commodities index funds, digital assets etc, to provide illumination and guidance in the financial markets.
Vlad talk too much. Narcissist. He knows EVERYTHING 🙄
Lmao true
He's an idiot
Yea he has been getting pretty annoying lately...
Dawg! This was a great dialogue. Thanks!
I think both sides of the conversation has valid points. They keys to this particular conversation is that GC is one of the very few that has full on hustle grind. As opposed someone having the brain and capacity to go sit through 6 years of college.
Intelligence comes in many different forms. I was gifted with GC’s mindset
Disappointed in Vald for pedaling school as if there aren’t greater/quicker and more affordable alternatives ie STEM fields have vocational options now where you can earn a SPECIFIC credential that is practical and IN-Demand in the workforce, to find a job. So yes, 4-years of school IS a scam.
God I love this kinda content 😂🔥👍🏽
These are the great interviews that’s conducive & necessary on this platform. This guy is stating simple math. While interviewer being combative
Top notch info. Vlad i salute you for this interview.
I will never understand rich people telling poor people not to be homeowners, my mortgage is 1200 and guess what if I was renting it would be 2k, where would I live for 1200??? In section 8 that’s where
Yeah that's true but the wild card and messed up thing is the Govt screwing with the market and raising the interest rates making it difficult if not impossible to afford a home with interest over 5% and a mortgage now close to or over $2,000 a month. Fucking Govt screw them.
Because a home is not an asset. It's a liability.
The day college degrees became useless is when they just focused on giving students theory rather than teaching them how to apply the theory that they learned into real life work place scenarios i.e. providing valuable work experience!!!!
If you choose to pursue obtaining a degree 📜, make sure the college provides you work experience cos employers prioritise work experience over qualifications, hence pursuing an apprenticeship is better cos they provide you with work experience along with theory!
The only degrees that give you theory & work experience is medicine & engineering, not even law or accounting degrees provide a significant amount of work experience!!!!!
Apprenticeship > College degree
You forgot culinary
This right here! Internships get ate up like hotcakes, and its worth it when they (corporations and job Oppertunities) are lookin at candidates.
Ur wrong in the uk for law students work experience is mandatory to even pass the full year
Definitely keep him coming back
College is a scam fr tho
Do you have a good job?
Only if you go for a degree that doesnt pay
The average person needs a college degree or a skills trade
@willstaywinning not necessarily true . I got a degree in homeland security . And I was able to laterally move into the tech industry making 180k a year . My point being that my degree can give me a ticket to places that others can’t if they don’t have one
@@Tommy-se8xc having a degree makes it easier to pivot. Im just saying you’re likely to make more money in certain fields.
vlad why u keep talking over him?? Let the man speak his facts
What facts? He's a grifter
please don't take Grant's advice about not having an emergency savings..this is nonsense for the average person. I can't tell you the number of times I have seen people desperate for money when an emergency comes up..car repairs, medical expenses, loss of a job...and they have to beg friends and family for loan if they have friends smart enough to save for those rainy days that will come for all of us.
I have the same philosophy and actually it works.. I invest till the point of no savings.. and ended up buying 3 houses.. to each its own I guess 🤷🏽♂️
I keep all my money invested if I need cash il sell some crypto or stock
@@justmythoughts2786 Exactly. Grant is saying having money just stashed not working for you makes no sense and it loses buying power. Glad you understand.
I spent all my money on land a semi and cows shit saved me lol I am broke cash wise a lot of times but assets are 6 figs
@@justmythoughts2786hope you bought some amc & gme
These types of interviews are my favorite. Vlad, most of the time, is the most intelligent person in a 1 on 1 interview setting. Seeing someone whose equal, if not more intelligent, makes the interaction wayyyyy more interesting.
You like listening to crooks?
@tombondcrispy6585 Yes, better than murderous gang bangers
Thanks Grant man 🗣 that shit he's for the people all day ✊🏾🫡✊🏾
He doesn't want you saving money because then you can't give it to him.
Just like he doesn't want you to own a home so you can rent his apartments
Grant schoolin’ Vlad as usual. Loved the part towards the end when he said, “It would be like me counting my refrigerator on my net worth statement” 😂
I spit out my coffee on that one!
Respect Grant for not agreeing with Vlad just because he on the show lol.
I love listening to Grant Cardone. I get smarter everytime
Grant Cordone is correct in every metric 💯vlad please stop talking , you constantly argue blindly with guests that WE are here to listen to.
Facts
I feel like when vlad knows someone is better then him he wants to act like the big shot lol
Vlad: College degree has nothing to do with a loan..
America: What are student loans?
That $1.6T Trillion Dollar Problem.
If Vlad don’t stop cutting the man off ugh 🙄 . It’s an interview not a debate 🤦🏾♀️
he is right about the live in house investment though but you cant explain that to most people they don't wanna hear it
A house is like a bank im putting money into..Rent is throwing away money
@@tylercampbell6365 renting and buying to live are both throwing money away. over 30 years you will get money when you sell but you would've spent much more than the amount just owning the home factoring all upkeep, inflation , taxes, HOA, and many other fees
Vlad is funny!!! U a millionaire and forget the struggle days or the average person
This gone be good right here I just know it lol this whole interview
This ain't a interview this is an argument lmao
Meanwhile it's an Atlantic City night for me tonight
Good luck
He learned from Robert Kiyosaki
??
Very interesting because I’m a very well paid chef and have my diploma high school as well and I don’t ever remember anyone ever asking me if I ever had one lol
the "program" is RUclips where you press upload on 2min clips. such tough work. 😂
Yeah and having other people do that work even tougher lol
V Lad cant keep up now we know you aint the "Stocks" guy 🤣🤣🤣.
Vlad tryna school a guy with 15,000 properties on real estate .
did it work?
@vladtv no
@vladtv I'm trying to do a interview.
This is a great argument/topic ‼️
I get lost in the verbage lol
🙄
some people get so rich it’s like they don’t live on this planet mentally anymore
because they dont, if your a 1% than you share very little with the avg person (which he started out as)
That's not necessarily a bad thing. You have to think and see differently if you want to have different results in life.
If you are mentally like everyone else then you will end up like everyone else
This guy is the ultimate grifter
He speaking fax! What happened to vlad
no hes not
I agree with both. I didn't need a college degree to get my job, but it definitely help me get my salary. I went for Graphic Design and Computer Information. But also got my Networking certification. I work in IT but use my Graphic Design experience for RUclips content. But I would love debt forgiveness.
I like Grant.He called Vlad out everytime. 😂😂
DJ Vlad: Do you save your leftovers for the next day, say like a Pizza?
Grant Cardone: I have no Leftovers, I eat the whole pizza, by myself. People who have leftovers are broke.
I’m a broke: I don’t have any emergency fund.
Terrible
Your too old not to have money saved
@@misutasutanto6312 Thanks for sharing. Oh well. I’m broke. Life is too short: I can’t take anything with me, just like anyone else. Life is so fair because no one takes it with them.
Best interview in a long time
I love grant cardone used to clean his private jet at gulf stream he really for the people!!!
Vlad talking more than the guest
because the guest is uneducated.
He always does that
Vlad took ole boy to his house😂😂
7:10 felt like bro was talking to me 💯😂
Love these types conversation. Wish I had friends like this to debate with 😭😭😭