Why I Chose Whole Life As Part Of My Financial Plan

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

🗓️ 17 November 2021

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this episode, Jake and Gino talk about the essential personal finance skills that one needs to develop in order to achieve financial independence and build generational wealth. Gino explains how he utilized his Whole Life policy for real estate investing and why it is an imperative part of his Financial Plan. Key Insights: 00:00 Introduction 00:25 How Gino developed his personal finance skills 01:10 The Richest Man in Babylon 01:30 Do this if you want to become successful 01:58 Using Whole Life Policy as emergency corpus 03:05 Save for an investment that will pay for an event 04:44 Protect your assets 06:01 Don't always chase IRR (Internal Rate of Return) 07:46 Find your niche 08:16 Think long term 09:20 Be a producer 09:45 How Gino invested in real estate using his Whole Life policy 14:18 Term insurance vs. Whole Life Download our eBook on how you can leverage on our Dual Asset Strategy and become your own source of financing: https://100yearrei.com/ebook-download/ If you want to learn how you can begin to leverage a cash value Whole Life Insurance Policy to invest in real estate, create consistent cash flow income streams, and long-term generational wealth, get in touch with our Team here: https://100yearrei.com/callnow/

Transcript

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0:00.0	All right and welcome to the 100-year real estate investor.
0:09.3	We are your host, Jake and Gino.
0:11.3	And this is the show dedicated to long-term personal financial engineering.
0:16.1	Gino, how's it going?
0:17.0	Jake, I'm doing great today.
0:18.1	How are you doing?
0:18.8	You know, I'm always making it happen, big man.
0:20.8	And Gino, I'm going to tip my hat to doing? You know, I'm always making it happen, big man. And,
0:21.2	Gina, I'm going to tip my hat to you today, sir. You've built a tremendous personal balance sheet
0:27.3	through strategic planning. It didn't happen overnight. You've been a lifelong student of finance.
0:34.3	And today we're going to dive into why you chose whole life as an instrumental
0:40.3	part of your personal financial planning. So did you, Dad? You just kicked off here.
0:45.0	Wow. You're talking three decades. It's been a long process. Doesn't happen overnight.
0:49.7	It's not. For me, it was, I had a great foundation. My parents were excellent teachers, but the teaching was limited.
0:56.6	Back in the 80s, save your way to retirement.
1:00.4	You could do that.
1:01.2	Things changed in the 90s and the 2000s.
1:03.4	Technology, competition, global.
1:05.9	So I started learning.
1:06.6	I started reading the first book I read that really impacted me was the richest man in Babylon.
1:10.3	Did you just say China? Did not. Okay. You see what you see what's going on, bro.
1:17.1	Everything started. Can we get a refrigerator, folks? Please. Can I get a refrigerage? Yeah,
	...

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