In this episode, Jake and Gino break down the five key steps to building wealth. From owning a business to investing in real estate, Jake and Gino share their expert advice on how to control and wisely use your money to continuously build more wealth, avoiding frivolous and risky investments.

They also discuss the Time Value of Money (TVM). Imagine money having a bit of an ego, always wanting to be the center of attention! It's the cheeky notion that a wad of cash in your hands today is worth more than the same wad of cash arriving at your doorstep in the future. Why? Because like a party animal, money loves to mingle and multiply through investments and interest, and it can't stand missing out on any opportunity to grow. Plus, thanks to its frenemy – inflation - money's charm fades over time, making it less attractive and powerful as it ages. So next time you're making big financial decisions, remember that money loves to be pampered today rather than being promised a spotlight in the future, and we believe keeping these 5 rules top of mind will keep you in line!

Discover how investing in assets – not events - can provide ongoing cash flow and appreciation in value, helping to continuously fund future life events. Get a sneak peek into Jake and Gino's own rollercoaster ride through real estate and how it has helped them to build long-term wealth and financial stability.

Watch the full video to hear the 5 key rules!

Key Moments:

00:00 Intro

01:23 First secret to building long-term wealth

04:27 Creating your spending plan and sticking to it overtime

07:29 Having the right belief system in place is the biggest key to building wealth

10:00 Understand where the money is flowing

10:50 Business debt versus personal debt

13:59 Saving money to invest in an asset is another big key to creating wealth

15:22 Get rid of the island mentality

To know more about long-term personal financial engineering and options for building legacy wealth, connect with our Team at www.100year.com

Bonus resources: DOWNLOAD our Dual Asset Strategy ebook and learn how YOU can leverage cash value life insurance and become your own source of financing: https://100yearrei.com/ebook-download/ SCHEDULE A Call: https://100yearrei.com/callnow/ 

^To talk to our Team about adding a Permanent Life Insurance Policy to your financial plan (and even the plan for your children), get in touch with our Team here^ 

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

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.

We're here to help create multifamily entrepreneurs... Here's how: Brand New? Start Here: https://jakeandgino.mykajabi.com/free-wheelbarrowprofits Want To Get Into Multifamily Real Estate Or Scale Your Current Portfolio Faster? Apply to join our PREMIER MULTIFAMILY INVESTING COMMUNITY & MENTORSHIP PROGRAM. (*Note: Our community is not for beginner investors) 👉https://jakeandgino.com/apply About Jake & Gino Jake & Gino are multifamily investors, operators, and mentors who have created a vertically integrated real estate company. They control over $250M in assets under management. They have created the Jake & Gino Premier Multifamily Community to teach others a simple three-step framework for investing in multifamily real estate. Connect with Jake & Gino on the social media platform you are most active on: https://jakeandgino.com/link-tree/