The Wealth Roadmap

Jake and Gino Real Estate Entrepreneurs

Jake & Gino

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

5 • 831 Ratings

🗓️ 28 July 2022

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Wealthy people want to translate value and create impact on other people's life, that's what true wealth is. - Gino On this special edition of the show, Jake and Gino discuss and share their wealth roadmap. They talk about mindset of wealthy, rules of money and what it is to be a multifamily real estate entrepreneur against being just an employee. They share their wisdom on how to become wealthy, through a roadmap. Creating wealth is a game. Knowing the rules of the game of money can equip you with the best of skills to play it really well. True wealth is not about earning revenue but translating value and creating impact into people's lives. Be responsible for the money you have earned. Let that money work for you through appreciating assets. Get out of the middle-class mindset, do not save for the event but save for the assets, to pay for life events. Key Chapters: 00:00 Introduction 02:06 Wealth is a game 05:42 Difference between rich class and middle class 09:46 Save money for buying assets, not for the event 14:48 How to get out of the comfort zone 20:51 Sacrifices come along with creating wealth 24:51 Multifamily is an amazing investment but it is also a business that you have control over 27:39 Do not depend on single stream of revenue 29:25 Wrap-up In real estate, your network is your net worth, attend our Live Events and network with the fellow investors and professionals: 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 $225,000,000 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/ The 100 Year Real Estate Investor: https://www.dualassetstrategy.com

Transcript

Click on a timestamp to play from that location

0:00.0	Do you think $200,000 is good?
0:01.7	Is that enough to make it in this economy?
0:04.3	We don't think so.
0:05.8	Listen on if you want to find out what it's going to really take to become wealthy in today's economy.
0:43.5	Wow. Hello, this, Jake Sonszay out, host the Jake and Gino podcast, you with my co-host,
0:47.5	the multifamily mentor, the coach of chef, the father, six, the best-sign author, the Gidati.
0:48.8	Gino Barbero. Gene, how's it going?
0:50.9	Jake, I'm doing great today. How you doing, bro?
0:55.0	Always making it happen, big man. And today we have a special edition of the show. And we will be sharing our wealth roadmap. So Mr. G. Papa, Father, Funk,
1:02.6	daddy, flex, where do folks get started on this journey? That is a lot of adjectives there. I don't even
1:09.6	know what an adjective is, but I'm glad I'm throwing
1:11.1	them out there. And we're going to be talking about wealth today. So I think first thing, Jake,
1:15.3	is it's all about the mindset. I think the first thing we need to do is we need to subtract the way
1:20.6	by how much somebody makes versus what wealth is, because I know plenty of people who are making
1:25.6	seven figure incomes that are living paycheck
1:27.7	to paycheck. That's just the reality. And as you get into this, you're going to see that if somebody's
1:31.9	making a million dollars a year as a W-2 employee, but yet somebody's making three or four hundred
1:35.8	thousand dollars a year as a real estate professional, well, which one is doing better? You're going to
1:39.6	decide by the end of the podcast. Because when we talk about tax benefits, that whole mindset of somebody
1:44.3	creating wealth versus just working at a W-2 job. And we're not here to bash anybody. We're not here
1:49.1	to say this one way is better than the other because we all choose our paths in life. What we want
1:54.1	to do is we want to enlighten you on how to become wealthy, if that's the path you choose because that's what we've been focusing on the last 12 to 15 years. And the way I'd like to start this out with is wealth is a game.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Jake & Gino, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Jake & Gino and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.