10X Investments (2024)

FAQs

Is 10X my salary enough to retire? ›

Fidelity recommends people save about 10 times their annual income at retirement age to have enough money to sustain them for the rest of their lives. But this estimate is based on several assumptions, including: You plan to retire and claim Social Security at 67. You expect to live to age 93.

Investec Bank Limited is the custodian of all 10X funds' assets. And our funds are controlled by an independent Board of Trustees. If anything ever happened to 10X, your money would still be completely safe – the independent board would simply appoint a new asset manager to administer your savings.

A one-time investment can more than 10x in value in 25 years averaging 10% annual returns, thanks to compounding. Most people won't bank on a one-time investment to set them up in retirement, but it shows the heavy lifting that time can do.

The 10X rule means investing ten times more and reaching ten times further. Perusing the shelves of your average bookstore, you're bound to find a plethora of titles that promise you the secrets to a successful life.

It might surprise you to know you can make $250,000 last for decades in retirement. While you'll need a detailed plan and sufficient Social Security income, it's possible to leave the workforce with this modest amount.

Yes, you can retire at 60 with eight hundred thousand dollars. At age 60, an annuity will provide a guaranteed level income of $42,000 annually, starting immediately, for the rest of the insured's lifetime.

The substantial majority interest in 10X Investments is owned in combination by early investor Old Mutual Private Equity, DiGame Africa, and the management team.

ABOUT GRANT CARDONE

Grant Cardone is the bestselling author of The 10X Rule and If You're Not First, You're Last as well as a sales trainer, speaker, and entrepreneur who has worked in real estate and the auto industry.

Grant Cardone is a business and investment innovator, founder of the 10X movement, and as a proponent of health optimization, he believes all people should have access to wellness and healthcare that works.

Obviously, the way to calculate a return multiple is to divide the amount returned from an investment by the dollars invested. If I invested $10M in a company and got back $100M, that's a 10X return. Seems pretty straightforward, right?

How much money do I need to invest to make $3000 a month? ›

You can figure on needing between $450,000 and $1,800,000 invested to earn $3,000 monthly in dividends. But, of course, your exact number will depend on your specific dividend investing strategy and your portfolio's overall dividend yield.

Saving Your First $100K

How long will it take to save up your first $100K? The answer, it turns out, is 7.84 years. So, 7.84 years to save up your first $100,000. Many folks, upon hearing this number, think it might take them almost 80 years (10 times 7.84 years) to get to a million.

Grant Cardone writes a game changing book, this book is great for entrepreneurs and sales teams. The book talks about talking massive actions, aligning your goals with other goals. It is a highly motivational book and I would recommend anyone reading this to read it like a text book.

Based on the application of famed economist Vilfredo Pareto's 80-20 rule, here are a few examples: 80% of your stock market portfolio's profits might come from 20% of your holdings. 80% of a company's revenues may derive from 20% of its clients. 20% of the world's population accounts for 80% of its wealth.

1 – Never lose money. Let's kick it off with some timeless advice from legendary investor Warren Buffett, who said “Rule No. 1 is never lose money.

Based on those assumptions, we estimate that saving 10x (times) your preretirement income by age 67, together with other steps, should help ensure that you have enough income to maintain your current lifestyle in retirement. That 10x goal may seem ambitious. But you have many years to get there.

“Seventy to 80% of pre-retirement income is good to shoot for,” says Ben Bakkum, an investing researcher with financial firm Betterment. But he adds that there are other variables to consider, such as inflation, market downturns and changes in spending patterns.

While the 70-80% Rule is a good starting point, the actual percentage can vary considerably depending on individual circ*mstances. A study of actual retirement cost found that while spending in retirement ranges from 54-87%,that most retirees use 70% or less of their former income.

If you want to spend lavishly in retirement, that's completely possible with $10 million. As mentioned above, even without investment income, you could easily spend $200,000 a year and not worry about your money disappearing before you die.