Grant Cardone Says You Can’t Build Wealth Working 9-to-5 — Is He Right?
Written by
Cynthia Measom
Edited by
Laura Bogart
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Grant Cardone, a highly successful American businessman, equity fund manager, real estate investor and author, is known for encouraging his followers and clients to fully commit themselves to their financial success and break free of middle-class myths and limitations. Doing so means he expects you to grind much longer than the typical 40 hours each week.
“Most people work 9-to-5,” wrote Cardone in a Medium post. “I work 95 hours (per week). If you ever want to be a millionaire, you need to stop doing the 9-to-5 and start doing 95.”
According to Cardone, those who only work 9-to-5 have abandoned their dreams and are mostly spectators.
“As a self-made millionaire I am telling you that if you want massive success in life, you will have to grind,” he wrote. “Most experts are about contraction. I’m about expansion. Suzie Orman says: ‘Don’t spend the money.’ Dave Ramsey says: ‘Don’t borrow the money.’ I say: ‘Learn to create the money.'”
Cardone says there’s a shortage of people doing what it takes to get their head above water and become rich, but his belief that you need to work 95 hours isn’t the only way to build wealth.
Why Grant Cardone Is Wrong
To be fair, Cardone acknowledged that it is possible to save your way to $1 million while making only $60,000, but, he said you’ll be 90 by the time you get there. However, that statement might not be true for everyone.
Jason Brown, stock market coach and options trader, entrepreneur, author, host of the 5 Year Millionaire Podcast and founder of The Brown Report, certainly thinks otherwise.
“In my opinion, Grant Cardone is still appealing to the ‘hustle culture’ — the culture that says forget everything else and just work,” said Brown. “I think it ignores those who have families, those who have full-time jobs, those who have elderly parents to take care of and many others who, if they can’t work 95 hours a week, may feel they will never achieve millionaire status.”
Brown explained that it’s not so much about the 95 hours Cardone says you should work but more about how you use the time you do have. Brown said that this is especially true if you use that time to learn how to have your money work hard for you in a vehicle like the stock market.
“With the stock market it doesn’t matter if you want to work 96-hour weeks, it’s not going to make the stocks move faster,” he said. “However, putting in one to five hours a week will allow you to find stocks and investments that will move in [the] right direction for your investment account and start you on a journey to becoming a millionaire.
If you add options trading into the mix, as I talk about in my upcoming book, “Five Year Millionaire,” I believe anyone can get there in about five years putting in one to five hours a week. Again, it’s all about how you are using your time and the vehicle that your money is working for you in.”
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