How to Achieve Financial Freedom

Jake & Gino: Real Estate Investing & Multifamily

Jake & Gino

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

4.9 • 842 Ratings

🗓️ 11 September 2023

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

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Summary

Welcome to Jake and Gino! In this insightful episode, Gino Barbaro, co-founder of Jake and Gino, dives deep into the pivotal subject of achieving financial freedom. After running a surprising poll on LinkedIn about what people believe holds them back from financial freedom, Gino elaborates on why financial literacy is the most significant factor, even more than low income or high debt. LinkedIn Poll Results Low Income: 13% High Debt: 14% Lack of Financial Literacy: 67% Must-Read Books for Financial Freedom "The Richest Man in Babylon" "The Psychology of Money" by Morgan Housell These books have fundamentally changed Gino's approach to wealth building, and they could do the same for you! Special Mention: We recently had the privilege of interviewing Palak and Niddy, authors of 'Accelerate Your Real Estate,' on our podcast. Their story inspired this how-to video! Check it out on the Jake and Gino channel. Highlights: Why income level isn't the primary issue The dangers of a 'poor mindset' The importance of adopting a 'wealthy mindset' Relationship with money and scarcity mindset Tips for getting off the 'rat race' and starting your journey to financial freedom The need for financial education and understanding debt What You Will Learn: How to identify your mindset and its limitations How to break the cycle of living paycheck to paycheck, regardless of your income How to plan your route to financial freedom effectively What ‘The Psychology of Money’ can teach you about your relationship with wealth Resources: Webinar on Multifamily Investments: jakeandgino.com/webinar Jake and Gino Podcast: Jake and Gino Channel Subscribe and hit the notification bell to get updated on our new content aimed at helping you achieve financial freedom! 🔗 Connect with us: LinkedIn Twitter Facebook 📝 Note: The content provided in this video is for educational purposes only and should not be considered financial advice.

Transcript

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0:00.0	Hello and welcome. My name is Gino Barbero and I am one of the co-founders of Jake and Gino.
0:05.1	And in this how to video, we're going to be talking about how to achieve financial freedom.
0:11.5	And I recently did a poll on LinkedIn and I want to share the results because I think a lot of you listening are going to be confused.
0:18.1	I'm surprised by the results. And now myself on this journey of achieving
0:23.0	financial freedom, I look back and I say to myself, well, it makes total sense to me now. But
0:27.1	this was the poll. And like I said, it was quite surprising. I asked the question and there were
0:32.2	three responses that I gave. One was low income. The other one was high debt. And the third one was lack of financial
0:40.0	literacy. So what is holding people back from achieving financial freedom? Is it low income? 13%
0:47.1	of the respondents said it was low income. 14% of the respondents said it was high debt.
0:55.0	And 67% of them said lack of financial literacy.
1:00.0	Now this poll was taken on LinkedIn and there are a lot of people who are really savvy on LinkedIn.
1:05.0	They're more financially savvy and they understand that, hey, you're making income, you have debt.
1:11.0	If you don't understand the financial word, if you don't understand the financial speaking,
1:15.9	jargon, the language, it's going to be really hard for you to become financially free.
1:20.0	And I agree with that poll.
1:21.4	Listen, early on, I started out for low income.
1:24.9	A lot of people who become financially free start off with income that's
1:28.4	lower. You're getting out of college. You're not making a ton of money. But that's how what holds you
1:32.0	back from becoming financially free. I also had some debt early on that didn't hold me back. What
1:39.1	did hold me back was the financial intelligence. Then all of a sudden, as the journey came along and I got older,
1:47.3	I started earning more money. But earning more money did not lead to financial intelligence for me.
1:52.4	All it did was make me work harder. I'm at the restaurant. I'm the pizza guy. I'm working hard.
	...

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