I recently did a video with Business Insider where I talked about financial mistakes you need to avoid in your 20’s. It’s gotten over 4,000 shares and almost half a million views in less than a day. It’s been so popular, I believe because it challenges so many assumptions that people hold. I reference the fact that it makes no sense to borrow money to go someplace like college for 4 years and NOT make money. It’s ludicrous if you actually break it down on a piece of paper. I also talk about how too many people are trying to save for an emergency, a rainy day, and the average mentality for retirement—which comes from a wrong mindset.

Watch the full video here.

What you need to save for is the opportunity to make a big play on an investment that will really multiply over time. Too many young people think that a 401K is something they need to have but it’s a money trap. They take your money for 40 years. It’s a bad return. Only invest in yourself until you can save $100,000. The first response many people have when they hear something new is to get defensive. It’s natural for people to attack that which they don’t fully understand. The intent of the video was to get your attention. If you want to dig deeper into the advice that will bring you success, check out my Playbook. It goes into detail about all these things. I can promise you that anyone who criticizes me about waiting to invest until you have at least $100,000 saved does it because they themselves don’t fully believe in the value of investing money in themselves up until that point. I’ve never taught to not invest early, but to invest in yourself. I invested in sales training when I was 25 that skyrocketed my income producing ability. I was making $3,000 a month, and I could have saved a little here, a little there, and if I went that route I might have 100K cash saved today—at 58 years-old. Luckily, I invested in myself at 25 so that I gained new skills and started making more money each month so I reached $100K, then $500k, and then $1m in wealth. The value of investing in yourself is much higher than “investing” $5K here, $5K there. Trust me, if you make $3K a month and start investing $5K here and $5K there, you will not get super wealthy—ever.

Wealth is a marathon and a sprint. Most people treat it only as a marathon. You need to be the tortoise and the hare.

Listen, regardless of what you say, you will get haters. Ignore them. It says more about them than it does about you. If you don’t have any haters, it’s because you aren’t saying anything big enough. Nobody needs everyone to like them, because if you take a stance on anything people will start to disagree with you. I’ve taken a stance. Don’t invest in anything but yourself until you can save $100,000, then start thinking about big boy investments. Buying a house is for suckers, 401K’s are dumb, and going into massive debt for college is one of the worst mistakes you can make as a young twenty-something.

Love me or hate me, at least you know me.

Get on my Playbook today. Be great, Grant Cardone