MFZ - Money and Youth

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

🗓️ 20 January 2020

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

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Summary

Welcome to the Multi-FAMILY zone podcast, where business meets family. The hosts of the show, Julia and Gino Barbaro, have been married for over twenty years, and have six children. Julia homeschools the children, and recently became a marriage and life coach to help couples become better communicators and help enrich their lives. The couple is constantly asked about how they balance their entrepreneurial and real estate journey while raising their kids. The Multi-FAMILY zone was created to address these questions, along with a host of questions from the Jake and Gino community. In this episode, Gino and Julia discuss the importance of teaching youth about the value of money and the importance of being a positive role model. What can parents do? - Be the role model. We are stewards of our money - Baby steps - Let’s start being aware of our attitude with money - Budgets work - Show them accounts Talk money Teach value versus price - Time is most precious asset - Create home budget - Create Net Worth for kids - Use positive word - Delay gratification - Work ethic. Answer question “Why do we work”? - Play board games - Let them listen to podcasts Bring them to events Give them power to make buying choices What parents shouldn’t do: Force them to read hard books Force them to save without fun Allowance Questions or comments? Email us at [email protected]

Transcript

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0:00.0	Welcome to the Multifamily Zone, where business meets family.
0:04.0	We explore what the entrepreneur life looks like from the family perspective.
0:08.0	Now here are your hosts, Julia and Gino Barbaro.
0:11.0	Hey everyone, this is Julia Barbaro, host of the Multifamily Zone podcast.
0:15.0	I'm here with the co-founder of Jake and Gino, my husband and co-host, Gino Barbaro.
0:20.0	Hey, Julia, how you doing? Hey, Gino. I'm good. So we had a great boot camp this past weekend.
0:25.6	We met a lot of really awesome people. And we did get a great question from two of the ladies there.
0:31.4	So I just want to say hi to Valerie and Jackie. They had a great question. They wanted to know, how do we get the kids involved in real estate?
0:41.0	So for me, let's take it a step back.
0:43.2	And what I want to do is I want to do the next few shows on the multifamily zone, all
0:49.0	about money, how it relates to the family.
0:52.0	We'll talk about, you know, the next upcoming podcasts,
0:55.5	how to discuss money with your kids, how to give them a good financial backing, good financial
1:00.1	background, what money is all about. We're going to define what money is. We're going to
1:04.0	define how to set goals for money. All of that are going to be in future podcasts. But for this
1:09.0	one right here, I want to just introduce the three-step framework that I think is
1:12.9	going to really work for everybody.
1:14.8	I call it save right, invest right, and donate right.
1:20.8	Yeah, that sounds great, actually.
1:22.6	I want to just say this.
1:24.2	We're going to be talking about the basic, like the solid foundation
1:28.4	of teaching the kids, just money, finances, responsibility. And it are, you know, as we talk
	...

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