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BiggerPockets Money Podcast

60: Rejecting a Scarcity Mindset and Going All-In on Apartment Investing with Gino Barbaro

BiggerPockets Money Podcast

BiggerPockets

Education, Investing, Business

4.53K Ratings

🗓️ 18 February 2019

⏱️ 56 minutes

🧾️ Download transcript

Summary

Gino Barbaro was a chef, working hard every day. He made good money and had no debt, but never seemed to be able to save more than 10%. He started dabbling in real estate investing, and after closing his fourth deal worth $11 million, he... Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Welcome to the Bigger Pocket's Money Podcast Show Number 60 where we interview Geno Barbero from

0:05.5

Jake and Geno.com, Wheelbower profits and the million other things that Geno does these days.

0:10.3

I'm more worth more than $10 an hour. I'm worth an 11 million dollar deal and that's when everything changed me because I'm like why I'm not wasting my time and that day August of 2015 when we closed I said to myself I'm leaving the restaurant. I don't care what happens, I'm better than working $10 an hour.

0:25.3

It's time for a new American dream, one that doesn't involve working in a cubicle for 40 years,

0:30.8

barely scraping by.

0:32.1

Whether you're looking to get your financial house in order,

0:34.4

invest the money you already have, or discover new paths for wealth creation, you're in the right place.

0:40.4

This show is for anyone who has money or wants more.

0:43.0

This is the BiggerPockets Money Podcast.

0:46.0

How's it going everybody? I'm Scott Trench.

0:48.0

I'm here with my co-host Miss Midi Jensen.

0:49.0

How are you doing today, Midi?

0:50.0

Scott, I'm having a fantastic day.

0:52.0

I'm really, really excited for today's show because we interview

0:55.7

Gino Bar Barrow. I'm hoping I'm not barberying his name. But I really like Gino's story. I like how he didn't just stay in his lane.

1:07.5

He's like, you know what, this isn't the lane I want to be in anymore.

1:10.0

So he switched lanes. He got to financial independence and now he does everything that he wants to do and doesn't do anything he doesn't want to do.

1:16.0

And that's kind of the whole point of financial independence.

1:19.0

Towards the end of the show, Gino mentions community. His focus is real estate as you're

1:25.2

about to hear and we like to remind people that we have a whole website devoted

1:29.4

to helping you in your real estate investing journey. BiggerPockets.com has a blog with three or four articles every single day

1:37.9

about different aspects of real estate investing,

...

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