5 โข 831 Ratings
๐๏ธ 12 January 2022
โฑ๏ธ 21 minutes
๐๏ธ Recording | iTunes | RSS
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0:00.0 | Hello, everybody. This is Gino, and I am the host of the 100-year real estate investor show, |
0:11.8 | the show dedicated to personal financial engineering. Today's guest is Rick Sapio, a lifelong entrepreneur |
0:17.4 | who started his first company when he was 13 years old, have an untimely death of his father. |
0:22.4 | Since then, he has founded more than 20 companies. |
0:25.1 | Since 94, Rick has been the founder and CEO of an investment holding company, |
0:29.5 | Mutual Capital Alliance, Inc., which has made more than 120 investments. |
0:34.0 | After COVID started, Rick partnered with Jake and Gino on the 100-year real estate investor |
0:37.7 | to bring long-term legacy investing to the real estate industry. He is the founding and seven-time |
0:43.5 | chair of the Gathering of Titans program, an annual event held at MIT in Boston. Welcome back to the show, |
0:50.3 | Mr. Rick Sapio. Hey, Gino, great to be here. Rounding out 2021. And it's been a phenomenal year |
0:58.1 | for a lot of people in real estate. Let's hope that keeps going. So we're on the show talking about |
1:04.4 | the barbell strategy. And I've got to say before we start, I intuitively knew that I need to have a lot |
1:09.6 | of money to my safe bucket. And I'll |
1:11.4 | share a quick story with you. In March of 2020, let's go back, everybody. What happened in March of |
1:16.2 | 2020? The world was ending. We didn't know what we were doing. Grant Cardona is cutting half of his |
1:20.8 | staff. Everyone's going crazy. Jake and Gino sitting on that Q1 priority meeting. I remember |
1:25.0 | sitting there. Our coach is telling us the world's ending. And we looked at |
1:27.8 | each other and we said, we've got plenty of reserves in the bank. We've got cash. We've got |
1:32.1 | capex accounts. I have my whole life policies. I've got plenty of money. And I knew Rick back then, |
1:37.2 | because he had spoken to M3, but I really didn't understand the barbell strategy. So for those of |
1:41.4 | you out there that want safety, that don't want to chase yield with |
1:45.1 | every dollar that you have, this is an important call for you. I wish I'd known this 25 years ago |
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