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Grant Cardone shares one of the biggest financial mistakes he ever made - and how he turned it into millions


Published on 2024-12-13 09:20:51 - MSN
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  • Key Points Real Estate finance allows for considerable leverage, and laws that favor the real estate industry allow for considerable tax breaks. The size of a real estate transaction may command more favorable terms,

Grant Cardone, a prominent real estate investor and motivational speaker, shared one of his most significant financial mistakes during an interview on the "Afford Anything" podcast. He recounted how he once invested in a property that he believed was a great deal, only to find out later that it was a terrible investment due to unforeseen issues like environmental contamination. Despite the initial setback, Cardone turned this mistake into a learning opportunity. He emphasized the importance of due diligence and understanding the full scope of an investment before committing. By applying these lessons, he managed to pivot his strategy, focusing on better research and risk assessment, which eventually led him to make millions in real estate. His story serves as a motivational tale about resilience, learning from errors, and the potential for recovery and success in the face of financial missteps.

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