Inflation Is Infecting Everyone! I Can Tell You How To Protect Yourself!
The Cardone Zone
Grant Cardone
4.8 • 4.1K Ratings
🗓️ 8 November 2021
⏱️ 8 minutes
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Summary
Investors and experts looking for deals, making deals, flipping, or wholesaling, all this will be discussed at my webinar November 20th!! Sign up at www.grantcardone.com/rei you won't want to miss it!!
Transcript
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| 0:00.0 | A real estate investor is a I'm on my way to do an event here in Miami for a bunch of real estate |
| 0:08.0 | investors, experts, people looking for deals, trying to find deals, looking to create wealth |
| 0:13.3 | with real estate, either flipping, wholesaling, or buying hold. Buying refinance, you know, buy |
| 0:21.4 | into cash flow, wait for the appreciation, all those things. We are at an epic time in my lifetime |
| 0:26.8 | where inflation, in fact, last night, the guy that runs on Twitter, Jack Dorsey. Jack Dorsey said, |
| 0:35.0 | we are in hyperinflation, it's here to stay, and that is going to change the world. Now the only |
| 0:42.4 | asset class that will protect you doing hyperinflation, there's a couple of them, but there's |
| 0:47.1 | only one that cash flows. Gold, certainly silver, yes. Other other asset classes that appreciate |
| 0:56.7 | value will get accelerated. Real estate, however, for the last couple thousand years without |
| 1:02.8 | exaggeration, has been the number one. The number one by a long shot asset class that will |
| 1:12.0 | protect you and your family against inflation. This is something you guys really need to worry about. |
| 1:15.4 | The politicians are talking about inflation being a problem for the upper class, look, inflation, |
| 1:23.2 | infects, like a virus, everyone. Okay, inflation, Warren Buffett said inflation was like the invisible |
| 1:31.0 | tax. If you don't like taxes, you're going to hate inflation. We have not had inflation in this |
| 1:35.7 | country in probably since the 80s. Since the 80s, so that's, you know, over half of my lifetime, |
| 1:43.5 | we have not had hyperinflation, particularly hyperinflation where you're starting to get |
| 1:47.4 | escalator rates of food, water prices, gasoline prices, fuel prices, diesel prices. Look at home |
| 1:55.5 | prices. Just in Miami, I'm in Miami this morning going to this event. Beautiful Miami. These prices, |
| 2:02.1 | in the first 10 months of 2021, these prices would have 19 percent. That is hyperinflation. |
| 2:09.4 | That means your mortgage payment will go up almost 20 percent. That means your down payment will go |
| 2:15.6 | up if it's a million dollar house or four hundred thousand dollar house, let's say it's a four hundred |
| 2:21.6 | thousand dollar house, and you had to put 40 thousand dollars down just January last year. That |
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