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Cardone recently said he thinks Americas middle class can and should be wealthy.
How does Cardone recommend that the middle class become as wealthy as he thinks they should be?
Here is some of his advice on how the middle class can build wealth.
But Cardone advises investing in something that will multiply your wealth.
In the video, he explained that investing is the best way to build wealth.
Start early and invest regularly.
But Cardone argued that having large investments in a small number of positions is the way to go.
Youre still diversified, but yourportfolio isnt watered downby trying to be all things to all people.
Choose a relatively small number of investments and go all-in on those.
Look Beyond the Stock Market
Cardone is a fan of alternative investments, and for good reason.
Real estate is found in most of the portfolios of wealthy Americans because of its consistent returns over time.
Be sure to do your research and invest based on your personal risk tolerance.
High-net-worth individuals dont do all of their own research or use apps to invest their hard-earned money.
According to Cardone, surrounding yourself with people with a middle-class mindset wont benefit you.
Cardone emphasizes that the middle-class mindset is what keeps Americans mired in the paycheck-to-paycheck cycle.
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