{"id":447965,"date":"2025-12-15T05:09:16","date_gmt":"2025-12-15T05:09:16","guid":{"rendered":"https:\/\/www.europesays.com\/us\/447965\/"},"modified":"2025-12-15T05:09:16","modified_gmt":"2025-12-15T05:09:16","slug":"grant-cardone-tells-people-to-stop-saving-money-because-banks-pay-them-0-while-lending-their-money-to-people-like-him","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/447965\/","title":{"rendered":"Grant Cardone Tells People To Stop Saving Money Because Banks Pay Them 0% While Lending Their Money To People Like Him"},"content":{"rendered":"\n

Grant Cardone<\/strong> says saving money is one of the biggest financial mistakes people are still making. And he\u2019s making his point loud and clear.<\/p>\n

\u201cStop savin\u2019 money\u2014it\u2019s a doesn\u2019t work,\u201d the entrepreneur and real estate investor posted on X<\/a> earlier this year. \u201cShort of storing money in an account while it waits to be [invested], saving money is not a plan to grow your wealth.\u201d<\/p>\n<\/p>\n

According to Cardone, putting money in a savings account is basically a dead end. \u201cBanks pay you 0% while they lend your money to people like me,\u201d he said.<\/p>\n

Don’t Miss:<\/strong><\/p>\n

Cardone says inflation is a quiet wealth killer. Last year, he said<\/a> that \u201cit\u2019s impossible to save money,\u201d and explained that if you had $100,000 in a savings account in 2020, that same amount would only have the purchasing power of about $75,000 in 2024. \u201cThat’s inflation explained<\/a> simply,\u201d he said.<\/p>\n

Instead of saving, he encourages people to invest in income-producing assets, use tax advantages, and put their money to work like wealthy people do.<\/p>\n

In an interview with Fox News earlier this year, he laid out what he sees as the outdated thinking that keeps people stuck in the middle class.<\/p>\n

\u201cThe middle class has been left behind because they’ve been saving money and doing the right things\u2014and it’s not working.\u201d In a post on X<\/a>, in which he shared a clip of the interview, Cardone added, \u201cQuit saving money<\/a>. Quit buying homes. Quit saving for retirement. Quit borrowing for college.\u201d<\/p>\n

Trending: Earn While You Scroll: The Deloitte-Ranked #1 Software Company Growing 32,481% Is Opening Its $0.50\/Share Round to Accredited Investors.<\/strong><\/a><\/strong><\/p>\n

He believes most Americans are stuck financially not because they’re lazy or irresponsible, but because they’ve been following bad advice. \u201cIf a mass group of people suffer from the same thing, it\u2019s not their fault anymore,\u201d he told Fox News. \u201cIt\u2019s because they\u2019ve all been taught the same thing.\u201d<\/p>\n

To Cardone, old-school money rules just don’t fit the modern economy. Instead, entrepreneurship, calculated risk, and aggressive investing are the real tools for building wealth.<\/p>\n

While critics say his approach is risky and not realistic for everyone, Cardone insists the alternative of saving and hoping for the best isn’t working either.<\/p>\n

\u201cMy encouragement to the middle class is get out of it,\u201d he told Fox News. \u201cMove yourself up so there’s prosperity and abundance\u2014and not just putting everything on a credit card in life.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Grant Cardone says saving money is one of the biggest financial mistakes people are still making. And he\u2019s…\n","protected":false},"author":3,"featured_media":447966,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[64,654,74383,255,88005,75696,7545,29476,67,132,68],"class_list":{"0":"post-447965","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-business","9":"tag-fox-news","10":"tag-grant-cardone","11":"tag-personal-finance","12":"tag-real-estate-investor","13":"tag-saving-for-retirement","14":"tag-saving-money","15":"tag-savings-account","16":"tag-united-states","17":"tag-unitedstates","18":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115721860769943429","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/447965","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=447965"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/447965\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/447966"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=447965"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=447965"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=447965"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}