5 • 831 Ratings
🗓️ 10 May 2023
⏱️ 16 minutes
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0:00.0 | Everybody, welcome to the 100-year real estate investor. |
0:09.0 | We are our host, Jake and Gino, and this is a show dedicated to long-term personal financial |
0:14.2 | engineering. |
0:14.8 | Gino, how's it going? |
0:15.7 | Doing good, Jake. |
0:16.4 | How you doing? |
0:17.0 | Always making it happen, big man. |
0:18.9 | We have a special edition of the show today today we are discussing |
0:22.3 | cash value life insurance and how it works but first let's take a look at our overarching business |
0:29.9 | framework ultimately we like to own businesses that's number one uh we in a property management |
0:35.0 | business we have our education business we have our insurance business we own our real estate, which brings us into number two, after owning |
0:42.5 | businesses, owning real estate. We love real estate. That is our primary driver, even though we |
0:48.3 | own other businesses that support it. And ultimately, real estate's great because you get the |
0:52.9 | monthly cash flow and the tax |
0:54.6 | advantages. And the third component to our business framework is whole life insurance. This is the |
0:59.9 | central command. This is we're able to manage our cash, borrow from that cash to put the money into |
1:06.1 | things such as businesses when we need to expand or our real estate investments. So that's the overarching framework. |
1:12.9 | And now the G-Dady is going to take a deep dive into the cash value life insurance. |
1:19.2 | Jake, before I do that, let's talk about the dual asset strategy. You just mentioned it. |
1:23.0 | That's what this whole cash value life insurance. That's how it really works well because you |
1:27.4 | have money |
1:27.8 | in a policy, you're pulling that money out. And like Jake said, if you're investing it into a business, |
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