401K’s are not ok. Who’s got your money? You don’t want Wall Street having it. They created the 401K and are supported by politicians. They want your money now while you are young, so they make a pitch to the middle class to get people to give every month and keep your money for the next 40 years. You don’t need to go to Wikileaks to find all scams. To invest with somebody like Grant in real estate, they won’t let you because they made laws so that you have to make 200K a year first. They will let anybody invest with Wall Street though. The 401K gives no cash flow! You’re trapped. 2.8 trillion dollars are trapped in 401K’s, and people don’t even know who they are sending their money to. Would you give a stranger on the street corner money? It can be wiped out overnight, people lose 30% of their savings just like that.

Don’t do 401K’s for three reasons:

1. You lose access to your money
2. You lose control of your money
3. You lose choices with your money

My GCTV is mobile. Get it on: Apple | Android

Network With Us:
• Subscribe to Grant Cardone TV
Facebook – Whatever It Takes
Twitter – @GrantCardone
Twitter – @JarrodGlandt

Listen To Us On Podcast:
• iTunes

  • JarrodGlandt

    Lets rollllll!

  • NicolasChile

    Awesome Guys! Cheers from Chile!

  • TexasTE

    10X to the 10X doesn’t even come close to being how much better your show is than all this political crap!

  • Jesse Arce

    GC taught me more about life and success than my own family!!

  • Go10xOrGoHome

    The CardonePlaybook is a necessity for everyone to own. 10xMillennial.Com for my blog

  • Not sure if you guys heard when I was on air, but my Instagram is JLHampFit24. Follow me!

  • Go10xOrGoHome

    I agree with you Grant! Because of the wealth creation formula in the cardone Playbook I know my 401k is nonsense investment. Everyone needs to get their finance and business knowledge right. Get the full Playbook today! http://www.grantcardone.com/product/theplaybookebook/?ref=smithlance&ban=c9ad0c5a

  • Almost done reaping the gems from BOBA

  • My strategy is also creating real estate cash flow as opposed to relying on a 401K. Glad to have learned this lesson early in life

  • Jesse Arce

    My Uncle G and Cousin J!! This topic isn’t popular but its the Truth!!!

  • JarrodGlandt

    Julian H got it!

  • Ernie Velasquez

    401K is just a Trap for Employees to sink their OWN Money into so Corporations can use that money for their OWN Growth of Profits$$$ BUT limit the deposits to a minimum!

  • MarioMancheno

    Always thought it was a trap, trusted my gut and did not loose my money in the last collapse.  Started 2 other income streams with my money.  Great to see GC and JG enlighten the new millenials.