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I just happened to have subscribed to Grant Cardone's youtube channel about four weeks ago. He's a real estate investor and self-made media magnate. Based on
by chillingeffect 10y ago
I just happened to have subscribed to Grant Cardone's youtube channel about four weeks ago.
He's a real estate investor and self-made media magnate. Based on advice like Kiyosaki's in Rich Dad, Poor Dad, he buys and rents out apartments. He supplements his income and presence with youtube videos and books and educational materials on sales techniques.
It is definitely true that almost anyone could do what he is doing. And it is also true that if more people were into real estate, the Pareto curve of real estate ROI would be less steep.
The big obstacles are mostly mindset (esp. if you have read Kiyosaki). We almost all have meager financial education. Being broke is definitely not an obstacle. There are communities of people who teach you how to save radically you can build business credit.
Also, a lot of people (particular those with investments in skill, such as software developers) simply don't want to change career paths for something as "pedestrian" as real estate. It's certainly not appealing to me, personally. I wish it was :)
Gell-Mann Amnesia Effect: knowing Cardone as well as I do, I can certainly see the media's bias on this article. They've hyper-focused on one aspect of Cardone's philosophy for the sake of a provocative clickbait article, mushroomed to catastrophic proportions. And note that they've removed all the educational value. They haven't given the information I've given here...