Here what Grant Cardone, American entrepreneur and author, has to say about people investing while still in their 20s. His controversial suggestions include not to:
Borrow money to go to college
Save for “a rainy day” or “the future” or “retirement
If your goal is to be wealthy by the time you hit your 30s, Cardone says:
“Save for the opportunity to invest. And when you make that play, don’t diversify. Go all in on one thing. And you want that one thing to be a sure thing.”
After a brief summation of the highlight news stories of the week, listen to a roundup of the biggest stories in the technology sector. Emily Chang speaks to executives, entrepreneurs and VCs who are leading the way to the technologies of tomorrow.
Fox Business News’ Charlie Gasparino and Sandra Smith discuss whether there is a risk of the United States entering another period of recession. They also discuss how the economy will affect the upcoming 2016 Presidential election.
Herbalife agreed to pay a fine of $200 million and to restructure their business operations. According to the Federal Trade Commission Chairwoman Edith Remirez, the fine will be used to compensate the distributors who have suffered losses. The company will also pay their workers according to retail sales rather than on how many new sales people they recruit. In exchange Herbalife was able to avoid being labeled as a pyramid scheme. As a result of the ruling Herbalife’s stock shot up by over 14 percent.
Ambassador to Turkey Nicholas Burns describes the attempted coup in Turkey. He explains that there has been a high level of distrust between that country’s military establishment and President Recep Tayyip Erdo?an. The military has a strong component who are secular Muslims, who are opposed to Erdo?an’s support of fundamentalist Islamists.
For more insights into the causes of the attempted coup, listen and watch.
Learn about the Takata Airbag recall, which is larger than the five next biggest auto recalls combined. Effecting mostly the southern states of the USA, the airbag malfunction has caused ten deaths and 150 injuries. It is estimated that about 20 percent of cars on the road today are effected.