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Here’s where Robert Herjavec would invest his last $1M — and his advice on building a ‘foundation’ of stable income now

Robert Herjavec of Shark Tank poses for a photograph after throwing out a ceremonial first pitch in 2018.
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“Shark Tank” star Robert Herjavec is doing pretty well for himself — with a net worth estimated at more than $300 million. (1) But during a live conversation, financial influencer Grant Cardone hit him with a provocative question.

“If you were down to your last million dollars, your wife is going to leave you…” Cardone began. (2)

Before he could finish, Herjavec cut him off with a grin: “I can’t follow your analogy, because my wife loves me with or without money.”

The crowd erupted in laughter. Cardone shot back, “We don’t know that to be true, because you’ve had money the whole damn time.”

“Fair,” Herjavec replied.

Then Cardone got to the real question: “And you have to invest the $1 million — and you can only invest the $1 million in one thing…”

Herjavec didn’t miss a beat: “I would invest in real estate.” (3)

The audience cheered as Cardone pressed him, “Why real estate?”

“Because desperate people do stupid sh-t — and you’ve got to take desperation out of the equation,” Herjavec said. “I believe in myself. I believe if I have nothing, I’d become wealthy again. But if I’m down to my last million, you know what I’ve got to do? I’ve got to build a foundation. So I would take that money, I would invest in real estate, I would get an income stream and I would forget it existed — and then I would go out and do other crazy stuff.”

As a real estate mogul himself, Cardone didn’t hesitate to back him up: “Story of my life right there.”

Cardone added that real estate is a “no-brainer” to him and the “best kept secret on planet Earth.”

“I don’t know why everybody doesn’t just dump [their money] there and then go build their business again,” he elaborated.

Read more: US car insurance costs have surged 50% from 2020 to 2024 — this simple 2-minute check could put hundreds back in your pocket

Real estate has long been considered one of the most dependable ways to build — and preserve — wealth. Unlike paper assets that can swing wildly in value, property often delivers both income and appreciation over time.


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