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Jake and Gino Multifamily Investing Entrepreneurs

The Big Game - Universities Push Gambling!?

Jake and Gino Multifamily Investing Entrepreneurs

Jake & Gino

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

5831 Ratings

🗓️ 4 January 2023

⏱️ 14 minutes

🧾️ Download transcript

Summary

In the world of online gambling, many view sports betting as the ‘gateway drug’ to a more serious gambling addiction- so we share in Dave Ramsey’s outrage over US colleges promoting these gambling services to their students.  The NY Times recently released a report outlining that multiple universities have joined forces with sports betting operators, getting kick-backs for promoting their platforms to their students. While these partnerships may be an attempt by athletic departments score back some lost revenue from the pandemic, Ramsey — who has previously criticized colleges for teaming up with credit card companies — says on an episode of his show that this new phenomenon is actually “way worse,” dubbing it “stupidity on steroids.” In this episode, Jake and Gino argue that the universities have an obligation to take care of their students, but instead are carelessly cashing in- ignoring data that shows their student bodies as the most at risk for developing a gambling addiction. With student loans and debt from college taking a toll on so many Americans, students are easy prey for this downfall.  Parents, ask yourself: Am I really setting my child up for a bright future by sending my child to college? Or will this experience get them into debt, gambling, and binge drinking? Listen to the full episode to weigh your options about sending your kids to the college. Key Moments: 00:00 Introduction 02:33 Your job as a parent is to prepare your child for the future. 04:13 Government dominated by corporate business interest 05:22 Real scandal: Universities signing up for gambling promo  08:08 Let your kids figure out life for themselves 12:07 Send your kids for vacation for sensible learning experiences rather than sending them to college to get them into gambling and binge drinking 12:35 Wrap-up *BONUS RESOURCE* Check out this podcast on An Alternative to College, that dives further into this concept: https://100yearrei.com/using-the-dual-asset-strategy-as-an-alternative-to-college/ To know more about long-term personal financial engineering and options for building legacy wealth, connect with our Team at www.100year.com SCHEDULE A Call: https://100yearrei.com/callnow/  About The 100 Year Real Estate Investor The Whole Life Insurance Policies offered by the 100 Year Real Estate Investor are specially-designed. This means they work harder toward achieving your financial objectives, no matter what they may be. Check out this blog for 7 facts about our specially-designed strategies that may not be true about typical whole life policies: https://100yearrei.com/7-facts-about-...  #legacywealth #lifeinsurance #financialplanning #personalfinancialengineering #generationalwealth #collegeeducation #daveramsey  The contents of this video are for informational and educational purposes only. They should not be considered investment, financial, legal or tax advice. Jake and Gino are not licensed in the insurance or securities industries and is not in the business of selling, soliciting or negotiating the sale of any insurance contract, security or other investment vehicle.

Transcript

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0:00.0

Hello, everybody. Welcome to the 100-year real estate investor. We're your host, Jake and Gino,

0:09.8

and this is the show dedicated to long-term personal financial engineering. Now, in the past,

0:16.3

we've been critical of Dave Ramsey, specifically his stance on savings, term life insurance, but he's coming

0:25.0

back around. He recently put up an article on college and he nailed it. So, Gino, unpack this

0:33.0

baby for me. I got a new word for you in a minute, but I'm going to hold it back just for a second

0:36.7

because it's very appropriate for this. How's it going today? I'm doing great. And what I like about

0:42.3

what he talked about, Dave Ramsey, was college is really a business. And the model of 40 and 50 years

0:48.7

ago is not the model of today. It just isn't. It doesn't work. There used to be an ROI, a return on investment in

0:55.2

college. You'd go get a four-year degree. I don't want to date myself, but my four-year degree

0:59.3

back at Fairfield University back in the 90s, I think four years cost me my mom. My mom paid for it.

1:06.0

I think $70,000 for four years. Done. I got out, I got a job. I got an ROI. Now, one year cost

1:15.4

$70,000. And if you put 70 grand times four is $300,000. So mommy and daddy got to make

1:24.5

$450 to $500 to pay the $300.

1:28.0

Stop and think about that.

1:30.2

On top of that, if Mommy and Daddy can't pay, then Gino's got to go out and get a student

1:34.5

loan.

1:35.3

And that's where the problems start.

1:37.1

That's where the conflict of interest.

1:39.4

Jake and I were talking about a conflict of interest right before we got on.

1:42.1

This is the most massive conflict of

1:44.3

interest. And the reason that I have it, I hate the government in certain aspects because they

1:49.0

create a problem, then they come up with the solution. So they create the problem of college being

...

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