The 100 Year Mindset with Rick Sapio

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

🗓️ 10 June 2021

⏱️ 19 minutes

🔗️ Recording | iTunes | RSS

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Summary

Purpose, priorities and values - that’s what shapes up your life and what makes for a ‘100 Year Mindset’. In this episode, Jake and Gino talk with Rick Sapio about the essential elements of a 100 Year Mindset. Rick is a life-long entrepreneur who started his first company when he was only 13 years old, and since then, he has founded more than 20 companies. Rick has been the Founder and CEO of a financial holding company, Mutual Capital Alliance, Inc. (MCA), which has made more than 100 investments in the past 24 years. Currently, MCA has dozens of direct and indirect holdings (through its funds) which include publicly-traded companies and funds, private funds, private companies, real estate, and loans. The key takeaways from this episode include the following: You MUST know your priorities in life. Figure out what percentage of your day is spent focusing on your priorities. You must also know your life’s purpose. Write down your life’s purpose statement. This clarity will guide where you should be focusing your time every day clarity. The number one cause of problems in life is that people aren’t clear on their priorities and purpose. Priorities could be both short and long term, but purpose needs to be long term. Define your values and live by them. This will have a very deep impact on your life. Leverage the ‘Dual Asset Strategy’ to build long-term, generational wealth. When buying whole life insurance, buy it from a mutually owned insurance company. Listen to the podcast to learn more. Learn more about becoming a 100 Year Real Estate Investor: www.100YearREI.com Schedule a call today with a 100 Year Real Estate Investor Team Member: www.100YearREI.com/callnow

Transcript

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0:00.0	Hello, everybody and welcome to the 100-year real estate investor. We're your host,
0:10.3	Jake and Gino, and this is the show dedicated to your long-term financial engineering. Gino,
0:16.9	how's it going? Doing great, Jake. How you doing? Always making it happen.
0:21.1	Our guest today is a lifelong entrepreneur, international number one bestselling author, and popular
0:26.8	TEDx speaker.
0:28.5	He is also the author of four books on 100-year thinking.
0:32.9	In his 58 years, he founded 20 companies.
0:35.3	He's taken nine investment companies public, led 17 corporate turnarounds, and completed
0:41.6	capital raises for dozens of companies through his holding company, Mutual Capital Alliance,
0:48.4	which he's led as the founder and CEO for more than 27 years.
0:52.8	So without further ado, Rick, welcome the show.
0:55.5	Hey, glad to be here. Thanks for having me. Mr. Sapia, we want to dive into this long-term
1:02.0	thinking. Was there a point in your life or an inflection point when you realize that thinking
1:07.9	for the long-term and planning for the the long term was going to serve you best?
1:12.8	I had, you know, my dad died when I was 13 and I had this obsession with having mentors,
1:19.8	which led me, you know, as I got older, to interview people and I ultimately interviewed
1:24.5	44 billionaires, not just interviewed, I spent a ton of time with them.
1:29.3	That's another podcast, I'm sure.
1:31.0	But what I noticed when I was around really successful people,
1:35.2	they were very long-term oriented.
1:37.6	And that was a massive aha for me.
1:40.9	And it seems like we're Uber focused on short-term,
	...

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