Grant Cardone says being an investor is better than being CEO — claims Warren Buffett made $508M on Coca-Cola in 2023

[Pelican Press 0]

This is the hidden content, please

• Sign In
• or
• Sign Up

Grant Cardone says being an investor is better than being CEO — claims Warren Buffett made $508M on Coca-Cola in 2023

Grant Cardone says being an investor is better than being CEO — claims Warren Buffett made $508M on Coca-Cola in 2023

If you’re looking to build wealth, what’s the best path to success? Perhaps it’s starting an online business or launching new products.

According to real estate mogul Grant Cardone, however, it’s none of the above.

“You don’t want to be an entrepreneur, you do not want to be an influencer, you do not want to be a boss,” he said during an

This is the hidden content, please

• Sign In
• or
• Sign Up

of Neel Dhingra’s marketing podcast, the neelhome show. “Skip to the good stuff: be an investor.”

Don’t miss

Commercial real estate has beaten the stock market for 25 years — but only the super rich could buy in. Here’s how even ordinary investors can

This is the hidden content, please

• Sign In
• or
• Sign Up

Car insurance premiums in America are through the roof — and only getting worse. But 5 minutes could have you

This is the hidden content, please

• Sign In
• or
• Sign Up

These 5 magic money moves will boost you up America’s net worth ladder in 2024 — and you can complete each step within minutes.

This is the hidden content, please

• Sign In
• or
• Sign Up

Cardone uses Berkshire Hathaway CEO Warren Buffett as an example. He claims the investing legend — who has had a stake in Coca-Cola since 1988 — earned $508 million in dividends from the soft drink company last year, while the “top guy” made $58 million by comparison.

However, it’s unclear where Cardone sourced his numbers as Berkshire Hathaway actually received closer to $736 million in dividends from its stake in Coca-Cola in 2023,

This is the hidden content, please

• Sign In
• or
• Sign Up

.

Meanwhile, Coca-Cola CEO James Robert Quincey, who is presumably the “top guy” that Cardone made reference to, made around $25 million in total compensation last year.

Nevertheless, Cardone’s theory that investing is generally an easier and more lucrative path for accumulating wealth seems somewhat justified. Buffett himself has

This is the hidden content, please

• Sign In
• or
• Sign Up

a “simple game” in the past.

Here’s how long it might take to replace your income with consistent investing.

Replacing your income by investing

Let’s say you earn $50,000 a year and set aside 10% of it to invest in a

This is the hidden content, please

• Sign In
• or
• Sign Up

and switch to a

This is the hidden content, please

• Sign In
• or
• Sign Up

to generate passive income. How long would it take for your dividends to surpass income?

Vanguard’s S&P 500 index fund has delivered a

This is the hidden content, please

• Sign In
• or
• Sign Up

of around 15% over the past five years. If future returns are similar, it would take roughly 25 years to accumulate $1.06 million in net assets.

The

This is the hidden content, please

• Sign In
• or
• Sign Up

offers a relatively

This is the hidden content, please

• Sign In
• or
• Sign Up

of 1.3%, so this index fund could generate around $13,000 in annual dividend income.

However, if this capital can be rotated into a robust dividend stock you could achieve higher passive income.

Story continues

Read more: Car insurance rates have spiked in the US to a stunning $2,150/year — but you can be smarter than that.

This is the hidden content, please

• Sign In
• or
• Sign Up

(it’s 100% free)

Dividend stocks

Some stocks offer better dividend payouts than the market average. Coca-Cola is a good example. This Buffett-backed beverage maker offers a

This is the hidden content, please

• Sign In
• or
• Sign Up

of 2.95% at current market price.

At the time of this writing, ******* Parcel Service (UPS) offers a better

This is the hidden content, please

• Sign In
• or
• Sign Up

of 5.11%. Shifting your million-dollar portfolio into this stock could deliver annual passive income of roughly $54,000.

Caveats

It is possible to “skip to the good stuff” as Cardone says. Being an investor is significantly easier than working your way up the corporate ladder to become CEO, or starting a successful business from scratch.

However, the caveat is time. It takes decades of consistent and disciplined investing to replace your income from a standard day job.

If you want to reach financial freedom sooner, you may need to work ******* to boost income, create a strict

This is the hidden content, please

• Sign In
• or
• Sign Up

, cut underutilized expenses, or consider a

This is the hidden content, please

• Sign In
• or
• Sign Up

.

What to read next

This article provides information only and should not be construed as advice. It is provided without warranty of any kind.

This is the hidden content, please

• Sign In
• or
• Sign Up

#Grant #Cardone #investor #CEO #claims #Warren #Buffett #508M #CocaCola

This is the hidden content, please

• Sign In
• or
• Sign Up

This is the hidden content, please

• Sign In
• or
• Sign Up