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When the market dips, having cash means youre protected.
The first risk of having too much cash on hand is inflation.
He also pointed out that theres more to worry about than just inflation.
However, savers who take this approach today will also have to contend with the risk of tariffs.
Tariffs are taxes placed on imported goods.
Many people make the mistake of believing the foreign exporting company pays this tax.
Its the financial way to describe how you earn and spend money over time.
Cardone said investing in real estate is the best choice, but it may not be what youre thinking.
In fact, Cardones advice comes from his own experience.
This move earned Cardone millions of dollars and was one of his greatest financial decisions.
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