About This Show
Millenials, Gen Y and Gen X'ers! Tired of being counted out, called lazy and disengaged? Frustrated that the old rules of success don't work in today's world? Young Hustlers is the weekly web series to tune into. Each week get the solid advice, tips and tools needed to thrive in today’s marketplace. Hosted by NY Times Bestselling Author and International Sales Expert, Grant Cardone and his millennial protégé Jarrod Glandt, VP of Sales, Cardone Training Technologies, Young Hustlers tackles the important topics affecting young adults ages 18-33. Be entertained, informed and inspired to take control of your life, finances, business, career and relationships. When you have hustle, greatness is always within reach. Tune in each Thursday 1:00 pm EST.
Most Recent Episode
148: The Truth About 401ks
< 1 day ago
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