How To Create a Family Legacy | How To with Gino Barbaro
Jake & Gino: Real Estate Investing & Multifamily
Jake & Gino
4.9 • 842 Ratings
🗓️ 6 February 2024
⏱️ 11 minutes
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| 0:00.0 | Hello and welcome. My name is Gino Barbera, one of the co-founders of Jake and Gino. |
| 0:04.0 | And in this how-to video, we're going to be discussing how to create a family legacy in real estate. |
| 0:11.0 | Now, this topic to me is near and dear because I have six children. |
| 0:16.0 | And more importantly, I have six children who I want to raise properly, who I don't want to raise, who feel as if they're entitled. |
| 0:26.1 | I just don't want to create all this wealth and be able to hand it over to them and say, here you go, kids, I work my butt off. |
| 0:33.0 | This is all yours. Enjoy all this money. |
| 0:35.3 | I obviously want them to enjoy it, but I want them to understand |
| 0:39.7 | what it took to make it. And I want them to go out and to create their own world. So that's |
| 0:46.3 | what this how to is really about. And even if you don't have a family, if you don't have children, |
| 0:51.8 | as you're building your empire, you still have a legacy. |
| 0:55.0 | There's still so many things you can do to help create that legacy. |
| 0:59.0 | Who do you want to leave your money to? |
| 1:00.7 | Do you want to leave it to a charity? |
| 1:02.2 | Do you want to leave it to another family member? |
| 1:04.4 | Where does that wealth go? |
| 1:06.3 | And how do you want to be remembered? |
| 1:08.2 | So the very first thing that I would say with my kids is I tried to include them in the business. |
| 1:16.3 | When I was the pizza guy, I remember often bringing them into work with me, exposing them. |
| 1:23.3 | And that's what happened with me when I was a young kid. |
| 1:25.0 | That's how I got into the restaurant business. |
| 1:27.1 | My father would bring me at a young age. |
| 1:29.5 | I was eight years old going into the kitchen, working with him as an eight year old. |
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