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Grant Cardone = Bankrupt (Dumb PR Stunt)

MJ DeMarco

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Gee, he was over-leveraged?

I would have NEVER have guessed?!?!

With all due respect, I'm impressed he confessed it.

Still, I get the feeling it's a PR stunt. And that it isn't true.

Guess we shall see.
 

Envision

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Imagine giving that guy your money to "invest"

I cant tell if he's serious in the video, but either way you would never see a real solid investor make a video like that.. Picture Ray Dalio, Warren Buffett, or Sam Zell doing that.. They wouldnt.

Also, I dont doubt he will go broke in some fashion. He laid off 60 people the first week this virus hit and hes been emailing and posting trying to get people into his fund everyday since + he's taken money from non accredited investors and stopped distributions.

It's like watching a train wreck happen. Cant look away.
 

LifeTransformer

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This is someone who has been the topic of a few threads here, so I thought I'd post this up.
.
Seems like he's broke:
View: https://youtu.be/u9_5223XaDY

.
I don't know why I never really followed this guy much, but I I guess his personality didn't sit entirely right with me or something
.
Great motivational speaker, but...
 
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GPM

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365GC, yup that is his plane! Guess he really did go 10x.

I was browsing real estate in my city. The former most expensive house in the city has been for sale for a while. Well it is currently still for sale, and I am pretty sure that the list price has dropped by more than half. If I recall correctly they were asking for like 12 million last year, it's currently at 5.5. It's nearly 2 acres on top of a hill in pretty close to the middle of the city.

I wonder who owns it, they must be hurting BAD if they are going to offload it for that cheap.
 

Zcott

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That's shocking really... Grant never sat easily with me as a genuine person so you can't tell if this is some sort of PR stunt or if his charade has caught up with him. Fair play for admitting it though if it's true.

Ever read / listen to one of his books? They're trash. They're about 10% helpful content and 90% off-topic trash and full of self promotion as he changes thought mid-paragraph.
 
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Jaco

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That's shocking really... Grant never sat easily with me as a genuine person so you can't tell if this is some sort of PR stunt or if his charade has caught up with him. Fair play for admitting it though if it's true.

Ever read / listen to one of his books? They're trash. They're about 10% helpful content and 90% off-topic trash and full of self promotion as he changes thought mid-paragraph.
I second that. The only audible book I have ever returned for a refund was 10x, as there was almost no value in the first three chapters and I personally couldn’t tolerate his narration.
 

Process

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His books and content are not bad. However the last 2 years he has been drinking his own Kool-aid and I stopped paying attention to him.

Doing a stunt like this when you've suspended payments to your investors and have allegedly laid off half your employees is the most immature stunt one can think of.
 

Val Okafor

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It was an April Fools joke. He mentioned it today.
I know it had to be!

I am not obsessed about him, but there is some truth and relatability to his doctrine. No one can argue about living below your means, saving money, working extra hard, and growing your money.
 

100ToOne

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He says this was a "marketing genius method"......

Doesn't he watch Youtubers? TV? lol....they've been doing this since ages.

thumbnail: "I QUIT! :("
next video thumbnail: "Why I returned?"

;/
 

Lionhearted

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This looks like it was recorded live yesterday. I don't think he's going bankrupt now, but with all the rental units he owns there could be some belt-tightening in the GC household in the near future. He seems genuinely alarmed by what's happening with the economic reversals taking place.
View: https://www.facebook.com/grantcardonefan/videos/252831222568106/
At the 9:50 mark "You mention the word bankruptcy, you'll literally drive your entire google search up with that one word." Grant needed attention because the Rona was getting more attention than him so he made a video that went viral so everyone would share it where every second word he said was......... bankruptcy. You have to give him credit but now you know, from his own lips, why he did it. BTW Elana Cardone (his wife) returned the 10 carat diamond ring as it is not "essential" but the $50 million+ Gulf Stream private jet that's stays because as she said on London Real ,"Gulf Stream private jet is essential." LOL You have to love it!
 
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MHolland

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This was interesting between Jordan Belfort and Grant Cardone. Grant normally has a big personality but towards the end of this you notice his body language has shrunk a bit and Jordan has kept control of the conversation.


Cardone's not a sales guy. He's a pest. He pesters and bullies as a strategy to get a 'yes'. Although a brilliant marketer, no doubt, he couldn't sell his way out of a decaying paper bag to save his life.
 
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Lionhearted

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A few years ago when I was running acquisitions for a large apartment fund I used to compete with Grant for certain properties. He won every time.

Brokers used to call me once the deal was awarded and say, "Well, Grant offered 15% more than you did so we gave him the deal." Was never surprised :)
 
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This is someone who has been the topic of a few threads here, so I thought I'd post this up.
.
Seems like he's broke:
View: https://youtu.be/u9_5223XaDY

.
I don't know why I never really followed this guy much, but I I guess his personality didn't sit entirely right with me or something
.
Great motivational speaker, but...
Good Lord!
Whuuut....

Not even bankruptcy on just one of his companies.
But he mentioned his condos and aircraft are being taken away...I think they are put under his business entities? Then he might still have some pants on.

Still, I get the feeling it's a PR stunt. And that it isn't true.

Guess we shall see.
If its a stunt, what he is looking to achieve, besides catching broad attention?
What product is he trying to edge folks towards?

Somehow, I worry whether this 'stunt' might break the narrative of his branding...
 
G

Guest24480

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He’s obviously trolling..mocking the people who said he was going bankrupt by telling them to buy his private jet for a discounted 8 mil, which he knows is money they’re not even close to having.

He’s been studying the president’s deflection tactics..
 
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Zcott

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This was interesting between Jordan Belfort and Grant Cardone. Grant normally has a big personality but towards the end of this you notice his body language has shrunk a bit and Jordan has kept control of the conversation.

 

Envision

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One of my friends is in gobundance and there are a few people that are invested with Grant in there and he was told there is a lawsuit being organized against him.
 

socaldude

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As I said before, it was an obvious joke. You could see it in his body language.

yeah you could tell by his tone, kind of like mocking his haters. Because he didn’t admit it in the video right away says something about his character. I’m just gonna say I don’t trust those personality types.
 
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Rinzler

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I've found these videos through the really entertaining Instagram page @BallerBusters (Might become your new favorite page as well)

The gentleman in these videos carefully shares his opinion on Grant's businesses and believes he really is going under. The first link he breaks down how Grant contradicts his own ROI structure. :rofl:

View: https://www.youtube.com/watch?v=r3Guz5XDnx8


View: https://www.youtube.com/watch?v=KWzbp6PJbIk
 
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angular

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This is someone who has been the topic of a few threads here, so I thought I'd post this up.
.
Seems like he's broke:
View: https://youtu.be/u9_5223XaDY

.
I don't know why I never really followed this guy much, but I I guess his personality didn't sit entirely right with me or something
.
Great motivational speaker, but...

(-10X?)
This looks like it was recorded live yesterday. I don't think he's going bankrupt now, but with all the rental units he owns there could be some belt-tightening in the GC household in the near future. He seems genuinely alarmed by what's happening with the economic reversals taking place.
View: https://www.facebook.com/grantcardonefan/videos/252831222568106/
 
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CoachR

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Wow! Followed him a bit after reading 10x. Slowly through the years after getting a bit fame seems he’s gotten pretty cocky. Still think this could possibly be a stunt, interested to see what happens.
 

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