Is Grant Cardone Out Of Touch? $300 Real Estate Investment Advice For Teens Sparks Debate

Grant Cardone, a well-known figure in real estate investment, has sparked a heated debate with his recent advice aimed at teens. The controversy began when Cardone suggested on his podcast that every 15-year-old should start investing in real estate, even if they only have $300 a month to spare.

While some have praised Cardone for encouraging financial literacy and early investment, many have criticized him for being out of touch with the financial realities faced by most teens today. Questions have been raised about the feasibility of teens being able to afford real estate investments with such limited funds.

Cardone, who himself did not come from wealth and worked hard to build his fortune, has faced backlash for his seemingly unrealistic advice. While his intentions may be good, the practicality of his suggestion has been called into question.

In a world where the average monthly mortgage in the U.S. is $2,200, investing $300 in real estate each month seems like a lofty goal for most teens. However, there are alternative ways for young people to get started in real estate investing, such as through Real Estate Investment Trusts (REITs) or crowdfunding platforms.

The debate over Cardone’s advice raises important questions about financial education and the accessibility of investment opportunities for young people. While the idea of investing early is sound, the practicality of his specific recommendation may be up for debate.

What do you think? Is Grant Cardone out of touch with his $300 real estate investment advice for teens, or is there value in encouraging young people to start investing early?