Rolling the dice with whole life

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

🗓️ 30 March 2022

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this episode, Teresa, Jake and Gino, the co-founders of 100-Year Real Estate Investor, talk about the whole life insurance and how it helps to reduce the risk in various ways. Is it worth it to put all your dollars to risk? Absolutely not. The whole life insurance, unlike term insurance which involves opportunity cost, provides protection against unfortunate events and protects your assets as well in the long run. Whole life insurance is all about longtermism. Alongside providing cash value, it provides pool of money to tap into as loan, when required. Educate yourself more on kind of life insurance policy you would like to own. This is how wealthier people utilize the whole life and get the maximum out of it even during the most volatile situation in the economy. Key Insights: 00:00 Introduction 02:10 Having money reserves in volatile market mental lets you leverage 05:36 How does life insurance policy work? 09:29 Life insurance policy sales up during COVID 13:28 How whole life policy protects your assets? 18:05 Are the insurance companies transactional or relational? 22:29 Wealthier people are doing it differently- how? 23:40 Wrap-up Attend our Live Events: https://jakeandgino.com/live-events/ About Jake & Gino Jake & Gino are multifamily investors, operators, and mentors who have created a vertically integrated real estate company that controls over $100,000,000 in assets under management. They have created the Jake & Gino community to teach others their three-step framework: Buy Right, Finance Right and Manage Right®, and to become multifamily entrepreneurs. Subscribe to this channel: https://ytube.io/3McA Sign up for free training: https://jakeandgino.mykajabi.com/freetraining The resources you need to succeed at every level of apartment investing: https://jakeandgino.com/resources/ Apply for Mentorship: https://jakeandgino.com/apply/ #realestate #multifamilyrealestate #multifamilyinvesting #investing #apartmentinvesting Jake & Gino Facebook: https://www.facebook.com/jakeandgino/ Jake & Gino Twitter: https://twitter.com/JakeandGino Jake & Gino Linkedin: https://www.linkedin.com/company/jake-and-gino-llc/ Jake & Gino Instagram: https://www.instagram.com/jakeandgino/ More ways to engage with the Jake & Gino Investor Community: MM5: https://jakeandgino.com/mm5/ Rand Cares: https://jakeandgino.com/randcares/ Henson Flooring: https://www.greatertennessee.com/ The 100 Year Real Estate Investor: https://www.dualassetstrategy.com Austin Preview Event: https://jakeandgino.mykajabi.com/offers/9aGHWvat Register for our Closers Club 5 Webinar (March 8, 2022): https://bityl.co/Azfn

Transcript

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0:00.0	Hello, ready, and welcome to the 100-year real estate investor. We're your host, Jake and
0:10.2	Gino, and this is the show dedicated to long-term personal financial engineering. Gino, how's
0:15.5	going? I'm doing great, Jake. How are you doing, bro? Always making it happen, big man.
0:19.8	Today, we welcome back 100-year co-founder,
0:22.6	Teresa Kuhn. She is a specialist in working with 100-year real estate investors and has helped clients
0:28.6	for the past 35 years. Today, we're discussing reducing risk. Teresa, how's it going? Hey, great.
0:36.0	Always happy to be here with you, too.
0:37.9	Teresa, this is an important show because what we've been hearing on the news of the past
0:42.3	several years, risk, risk, risk, more risk, more return.
0:46.3	Should all of your dollars be at risk?
0:49.1	Well, I would say absolutely not, right?
0:52.0	But the world, you know, Wall Street teaches in order to create wealth, your dollars have to be at risk.
0:59.1	But do they ever tell you what is that allocation of risk to save money? Typically not.
1:05.8	And under the personal financial engineering model that we talk about all the time here at 100-year
1:11.2	real estate investor.
1:12.2	We suggest that people look at their balance sheet and look at every dollar because every
1:17.0	dollar needs a job.
1:18.8	And what dollars are you allocating towards risk or to be on the offensive to go chase
1:25.1	return and what dollars are in the safe money job, right?
1:30.6	That's on the defensive.
1:32.3	And so my answer is absolutely not.
1:34.7	Look at the picture.
	...

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