Saw this article on Yahoo Finance home page this morning. It quotes Grant Cardone a guy that made millions in real-estate investing and sales, and does motivational speaking.

Here are a few excerpts from it (all of these are his quotes):

I would never, ever invest money in a 401(k). Why would I go to work, have my employer give me another $6,000 a year, and then take that money and send it off to Wall Street, where I can't even touch it for 30 years? I wouldn't do that."

The 401(k) is merely where you kiss your money away for 40 years hoping it grows up.

Wall Street is telling you to invest little bits, early. They don't believe in your ability to earn money. People need to show the ability to produce more revenue — not invest it — first. People get rich because they produce revenue, not because they make little investments over time.

Keep stacking that paper until you have a hundred grand in the bank. I know this is very unrealistic for a lot of people, but the reason it's unrealistic is because you've been conditioned to think small. Put your saved money into secured, sacred (untouchable) accounts. Never use these accounts for anything, not even an emergency. ... To this day, at least twice a year, I am broke because I always invest my surpluses into ventures I cannot access.

He is advocating a saving account to accumulate money until you reach 100k.

No more direct quotes on what he says to do next, but apparently he recommends investing it only after you've reached 100k, because then you can 'think big' and take advantage of bigger opportunities.

Anyway, I only post this because it is very contrary to the investing and wealth generating philosophies that are popular here, so I thought it might generate some good discussion (and lots of hate!).