key takeaways
- “Shark Tank” star Robert Herjavec has made nearly 100 deals in his career.
- But earlier this year at the 10X Growth Conference he told Grant Cardone there was one place where he would put his “last million.”
- That’s why real estate is where he will “build the foundation.”
“Shark Tank” star Robert Herjavec 81 investments have been made as per cb insightBut Herjavec says he would make an investment if he was down to his last few (million) dollars.
Earlier this year, Herjavec spoke with Grant Cardone 10X Development Summit And he was asked what he would do if he were “down to your last million dollars” and could only invest it in one thing.
“I will invest in real estate,” Herjavec said Almost immediately.
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Cardone then asked why he chose real estate.
“Because desperate people do stupid things,” Herjavec said. “You have to take the frustration out of the equation.” (Though we should note that having $1 million likely wouldn’t be a hopeless situation for the general public.)
Herjavec’s net worth is estimated to be between $300 million And $600 million,
“If I get to my last million, you know what I have to do? I have to build a foundation,” Herjavec said. “So I’d take that money, I’d invest in real estate, I’d find an income source, and I’d forget it existed — and then I’d go out and do other crazy things.”
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according to JM FinancialEven without rental income, real estate investments can grow an average of 6% to 9% per year, depending on location.
Although Herjavec has seen his share of success, losing money isn’t something that only happens to everyday Joes. But LinkedinThe tech entrepreneur recently shared the story of his worst investment: a respirator company that all the sharks invested in — and it ended up under investigation by the FDA.
He said, when some of the sharks visited the founder after filming, the company did not make any profit, but the founder had a brand new luxury car.
But such failures, he says, only help him move forward.
“I believe in myself,” Herjavec told Cardone. “I believe that if I had nothing, I would become rich again.”
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key takeaways
- “Shark Tank” star Robert Herjavec has made nearly 100 deals in his career.
- But earlier this year at the 10X Growth Conference he told Grant Cardone there was one place where he would put his “last million.”
- That’s why real estate is where he will “build the foundation.”
“Shark Tank” star Robert Herjavec 81 investments have been made as per cb insightBut Herjavec says he would make an investment if he was down to his last few (million) dollars.
Earlier this year, Herjavec spoke with Grant Cardone 10X Development Summit And he was asked what he would do if he were “down to your last million dollars” and could only invest it in one thing.
“I will invest in real estate,” Herjavec said Almost immediately.
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