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How do people like Cardone make money? Are they legit or what?

Hey all I just came across Cardone's content and I feel it's like those scams but I don't know I'm not from around the USA but since I came across him the instagram algorithms just kept pushing those "be rich quickly" type of ads schemes which made me suspicious of Cardone.

Who are people I should avoid looking at?

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12
sahil
Notable Contributor
+15
Deepak Chopra of Sales
He made his money in real estate decades ago, now pretends like he understands sales / tech too.

He doesn't. And he's a misogynist pig
whissspy
Opinionated
+1
Commercial AE
And a Scientologist….
SalesPharaoh
Politicker
+8
AM BDR
Oh yea he is misogynist/narcissistic i saw a kid who wanted advice and he was like oh yea oh yea take 100$ go lcean my car im like what dah? Hahah
LordBusiness
Politicker
+8
Chief Revenue Officer
Not that it matters all that much, but the dude is also like 5'2" tall.  He rolled up to a booth at a conference I was at years ago in his usual asshat way, and all I could think about was how tiny he was.  (#napoleancomplex) 
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CuriousFox
WR Officer
+11
Senior Account Executive
Corp has a 10x video that's hilarious. "I have a hot wife." 😂

Go with your gut is all I can tell you when it comes to these things. I personally didn't like the guy. Not sincere or something off. Can't pinpoint it.
antiASKHOLE
Politicker
+8
Inside Sales Lead
That video was the FIRST Corp Bro video I ever saw. Legit hooked me and have been following him ever since.
SalesPharaoh
Politicker
+8
AM BDR
Grant or Corp? Im lost haha 
SalesPharaoh
Politicker
+8
AM BDR
Can you share the link??
CuriousFox
WR Officer
+11
Senior Account Executive
https://youtu.be/h-g6y2NTBT8

If the link doesn't work just type corporate bro 10x in your browser. 
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LordBusiness
Politicker
+8
Chief Revenue Officer
Can we turn this into a Cardone hater thread? Maybe we start a new post in an effort to convince the entire sales world to cancel this guy.  Last straw for me was a when he talked about the “mile high club” with his wife on his jet at a keynote sesh at a conference. Cardone is a joke 
Kanyebut4sales
WR Lieutenant
+6
Account Executive
He’s a real estate aggregator which is why he tells everybody to get into real estate. He utilizes other peoples money within his fund to purchase property takes 10% upfront 1% annually and 30% of whatever the property value gain is once they sell the property. That’s only one aspect of his business he also sells out-of-the-box sales training which is garbage but tons of organizations and people buy it.
SalesPharaoh
Politicker
+8
AM BDR
Ok very interesting
JuicyKlay
Politicker
+9
AM
I bet his sales training is expensive af 
Ch
ChunkyButters
Politicker
+5
AE
Not defending Cardone....I'm not a fan.

But, this is essentially how all real estate funds, private equity, and venture capital groups work. They take investor money, carry a fee for maintaining the fund and overhead, and then split the profits based on a pre-agreed margins.
Savagedoge
Politicker
+7
Account Executive
I came across his profile on LI a few years ago when I was new in sales and that happened to be my introduction to sales gurus. I legit believed this is what sales had turned out to be. And then realization dawned. 

I made sure to avoid him or his stupid videos where he's burning cash and shit. That ain't for me!
YoureMuted
Opinionated
+1
AE
Dude legit makes bank, mostly from OPM (other people’s money) in real estate. Real Estate Syndication is what the boys at or near the top of the Real Estate game do, and that’s where he is.
He also makes a ton of money in “courses” and “systems.” He’s all about leveraging debt to gain wealth, which I totally understand (Rich Dad Poor Dad) but don’t exactly agree with. I’m more of a Dave Ramsey type myself (debt is dumb). The only debt I currently have is my mortgage, and that will be paid off in 3 years. If we want something, we don’t buy it unless we can afford to pay cash for it. My credit score is indeterminable because I haven’t carried consumer debt for years. We own a rental property that is free and clear, paid for with cash. 
Anyways... all that to say, yeah, he’s legit, but he’s probably way over leveraged with debt and that’s not the way I choose to live my life.
SalesPharaoh
Politicker
+8
AM BDR
Amazing take thank you!
wahmsales
WR Officer
+10
SDR
Have any of you seen him on Undercover Billionaire?
SalesPharaoh
Politicker
+8
AM BDR
Nope...can he be undercover? Is he capable of not being out there?
wahmsales
WR Officer
+10
SDR
Lol they dropped him in the middle of nowhere in Colorado. 
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PeterSwan
Opinionated
+2
Business Development Manager
Has some cool tips but other than that - nothing. He oversells his services
SalesPharaoh
Politicker
+8
AM BDR
Like what cool tips?
goose
Politicker
+12
Sales Executive
I read the comment about tips and immediately thought the same thing.
AnchorPoint
Politicker
+8
Business Coach
He is definitely a hustler. Not all bad, not all good.  From car sales to real estate on a lot of enthusiasm.  If nothing else, he is proof that enthusiasm sells... even is it is just a lot of hot air... 
SalesPharaoh
Politicker
+8
AM BDR
I agree with that
whissspy
Opinionated
+1
Commercial AE
No debt is great but when all your liquidity is stuck in home equity you can’t access that cash to buy more properties without going into debt. Some debt is great as long as you don’t over leverage yourself.
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