Grant Cardone is not shy about his opinion on the middle class. The real estate mogul\u00a0 thinks aiming for middle-class life is a trap, not a goal.<\/p>\n
\u201cThe middle class is mythology. It\u2019s like 250 million people considering themselves to be in the middle class,\u201d he said in a Fox News interview<\/a> earlier this year. \u201cThey are really suffering with inflation\u2026 my encouragement to the middle class is get out of it.\u201d<\/p>\n Don’t Miss:<\/p>\n Cardone believes the middle class has been sold a broken formula: save money, go to college, buy a house. In his view, none of these steps build real wealth anymore. \u201cThe American middle class has been left behind because they\u2019ve been saving money and doing the right things and it\u2019s not working,\u201d he told Fox News.<\/p>\n Instead of stashing cash in a savings account, he encourages people to \u201cactually put money to work\u201d by investing and using tax advantages<\/a> the way the wealthy do.<\/p>\n Cardone\u2019s criticism comes from experience. His father died when he was 10<\/a>, leaving his mother to stretch every dollar to support the family.<\/p>\n Here\u2019s how he explained<\/a> the middle class to his daughter: \u201cMy daughter says, \u2018So Papa, what is the middle class?\u2019 I said, \u2018What do you think it is?\u2019 She\u2019s like, \u2018I think it\u2019s people that are poor that think they\u2019re rich.\u2019 I said, \u2018You got it.’\u201d<\/p>\n Trending: Deloitte’s #1 Fastest-Growing Software Company Lets Users Earn Money Just by Scrolling \u2014 Accredited Investors Can Still Get In at $0.50\/Share.<\/a><\/p>\n Cardone recalled growing up in a neighborhood where families felt financially secure simply because their homes and cars were paid off and they were doing slightly better than their neighbors. \u201cAnd you\u2019re okay until you\u2019re not okay,\u201d he said.<\/p>\n According to Cardone, the middle class is shrinking every year due to taxes and inflation. \u201cEvery four years we get to elect somebody that promises to take care of the middle class,\u201d he said. \u201cWhen the truth is, the politicians need to tell us the truth: Hey, there is no middle class in America. It\u2019s gone.\u201d<\/p>\n Cardone has often suggested that college, homeownership, and traditional savings can keep people stuck. Instead of paying off a mortgage or student loans<\/a>, he advocates for investing in yourself and your business.<\/p>\n