Scarcity Mindset & Dave Ramsey
On this episode, Jake and Gino compare a Scarcity Mindset with an Abundance Mindset. They dive into how it is important to maintain an Abundance Mindset when you are designing your long-term financial plan.Experts like Dave Ramsey and Suze Orman may share some content that has been beneficial for beginners or those in a financially tough spot, BUT is their advice relevant for you? They talk about expanding your avenues as an entrepreneur and learning even more, moving beyond the beginner’s level. To do that, you must understand your financial journey as an entrepreneur and LEVEL UP YOUR MINDSET. Thinking from the place of a producer and not a consumer, and avoiding a fear-stricken Scarcity Mindset.
Key Moments:
00:00 Introduction
04:46 Why you should have credit cards
06:28 Getting rid of debt
09:00 Create a spending plan, not just expense plan
11:52 Scarcity mindset does not allow you to be charitable
16:15 To grow financially, you should be able to create value for someone else
21:57 Consumers love money, but producers use money!
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 personal financial plan (and even the plan for your business or children)
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-specially-designed-whole-life-policies/
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.
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More ways to engage with the Jake & Gino Investor Community:
MM5: https://blue.genetechz.com/jake-and-gino_old_site/mm5/
Rand Cares: https://blue.genetechz.com/jake-and-gino_old_site/randcares/
The 100 Year Real Estate Investor: https://www.dualassetstrategy.com