Grant Cardone won’t rely on Social Security

Grant Cardone, an entrepreneur and real estate investor, told followers in recent public remarks that he will not rely on Social Security for retirement. He plans to fund his retirement with income from his companies and property holdings.

Cardone is known for his sales training business and a large portfolio of commercial and residential real estate. He has built a business model that focuses on rental income and company revenue.

He has long urged followers to save and invest, recommending multiple income streams such as rental properties, business revenue and other private investments to cover living expenses in retirement. Cardone identified his businesses and investment holdings as the primary sources he will use to pay for retirement.

Social Security is a federal program that pays monthly benefits to retired workers and is funded mainly through payroll taxes. Policymakers and analysts have debated the program's long-term financing and benefit levels, and some financial advisors say it may not provide sufficient income for retirees without additional savings.

Cardone’s remarks relate to wider public debate about how people should plan for retirement, emphasizing private investments and income-producing assets as alternatives or supplements to Social Security.