According to Cardone, the traditional $1 million nest egg goal is now grossly insufficient. Instead, he believes every household should have a target of $5 million of assets under management to ...

However, Cardone stated he doesn't mind paying local taxes, like those on cars, property and making purchases. "But there are so many taxes in this country right now, it's unbelievable," he said.

Real estate mogul and entrepreneur Grant Cardone is known to be vocal about his opinions on federal taxes: He doesn't think they should exist. He frequently shares his views on social media and ...