BABY MONEY SOLDIERS

Jake and Gino Multifamily Investing Entrepreneurs

Jake & Gino

Buyingapartmentbuildings, Investingsmart, Multifamilyrealestateinvesting, Business, Smartinvesting, Jakeandgino, Apartmentinvesting, Investing, Commercialrealestateinvesting, Makingmoney, Buyingrealestate, Realestateinvestment, Wheelbarrowprofits, Realestateinvesting, Cashflow

5 • 831 Ratings

🗓️ 16 November 2022

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this episode, Jake and Gino, talk about the financial advice Suze Orman has given over the years, and compare that to their own thoughts about where to park your savings. We all want to get the biggest bang for our buck, so how do we do that? By deploying our baby money soldiers to work! We love the term “Baby Money Soldiers,” but as Jake says- there’s a lot of truth to this metaphor. It’s how you apply your vision to your business, and then the actions you take with the deals you complete. If you use your troops correctly, you can grow your army. An entrepreneur knows better than anyone that you don’t always have to take the traditional path to financial success. When it comes to saving money as an entrepreneur, you need to be putting your baby-money soldiers to WORK for you. Every single dollar should have a job to do. ASK YOURSELF: Are you locking your baby money soldiers up in a retirement savings plan like a 401(K)? ORAre you sending them somewhere they can grow and multiply? Jake and Gino dive into using your baby money soldiers to harness the power of compounding, and options to grow and protect your long-term wealth. Stay tuned for the launch of our e-book, Baby Money Soldiers! Key Insights: 00:00 Introduction 01:42 How does Suze Orman make her money? 03:22 Putting baby-money soldiers in jail: Dollars held captive in 401(K) 06:54 Term life insurance versus whole life insurance 08:35 Defining the term ‘baby money soldiers’ 10:07 Wrap-up To find out more on bullet-proof strategies for your baby money soldiers, connect with our Team at www.100year.com Bonus resources: Learn how YOU can leverage cash value life insurance and become your own source of financing: https://100yearrei.com/ebook-download/ SCHEDULE A Call: https://100yearrei.com/callnow/ ^To talk to our Team about adding a Permanent Life Insurance Policy to your financial plan (and even the plan for your children), get in touch with our Team here^ About The 100 Year Real Estate Investor The Whole Life Insurance Policies offered by the 100 Year Real Estate Investor are specially-designed. This means they work harder toward achieving your financial objectives, no matter what they may be. Check out this blog for 7 facts about our specially-designed strategies that may not be true about typical whole life policies: https://100yearrei.com/7-facts-about-... #legacywealth #lifeinsurance #financialplanning #personalfinancialengineering #generationalwealth The contents of this video are for informational and educational purposes only. They should not be considered investment, financial, legal or tax advice. Jake and Gino are not licensed in the insurance or securities industries and is not in the business of selling, soliciting or negotiating the sale of any insurance contract, security or other investment vehicle.

Transcript

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0:00.0	Hello, everybody. Welcome to the 100-year real estate investor. We're host, Jake and
0:09.9	Gino, and this is the show dedicated to long-term personal financial engineering. Gino, how's
0:15.1	going? Jake, I'm doing great today. How you doing, brother? Always making it happen, big man,
0:19.2	really excited today. Today we have a special edition of the show,
0:22.2	and we're breaking down Susie Ormond's advice.
0:25.4	And it goes a little something like this.
0:27.2	Get a job.
0:28.6	Get a 401K.
0:30.3	Put the money into Wall Street for the next 40 to 50 years.
0:32.9	And then plan on retiring.
0:34.7	And then maybe you get a college fund
0:36.9	and these other money- things going. And let's see how it goes. Trust the system. Gino, what say you? Jake, first thing I want to tell everyone to do is go listen to MJ DeMarco. We had him on the podcast twice. And MJ DeMarco rips it. I mean, he rips the system. He talks about the slow lane, the fast lane. And I love his advice because it's the advice that all the listeners that we have on our show, it's wanting to become an entrepreneur and wanting to live an abundance mindset and want to become wealthy. Now, I want to go through Susie's story. An amazing story. I mean, she started out. She tried to open a restaurant. She got money from investors, $50,000. Then she actually took some advice to put money into a trading fund in Merrill Lynch. She lost the money. She ended up going to work for Merrill Lynch as a trader, learned the whole system. She ends up opening up her own shop. But she pays back all her investors. So, I mean,
1:28.2	great ethics, great morals, paying them back, working really hard, working through the system.
1:33.6	And I'm really respect her for that. I mean, she's a hardworking lady. It sounds like the opposite
1:37.3	of the advice, though. Well, let's get into that really quick. Where did Susie make her money?
1:42.6	She made a lot of money on Wall Street, peddling stocks,
1:46.3	bonds, mutual funds. But she's written, how many books, Jake? Look at me. Ten books. I mean,
1:52.3	that is churning it out, baby. She's had shows. She's a personality. She owns tons of real
1:57.9	estate, some real estate in the Bahamas. That doesn't sound like you're making money from a 401k and making money on dollar cost averaging to you, does it?
2:05.7	It sounds like to me that it's the traditional establishment mindset.
2:10.9	Okay.
2:11.7	Get a job.
	...

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