Debunking David Ramsey and The Middle Class Trap

Its not what they make but, what they keep, is really important. - Gino

On this episode, Jake and Gino talk about the middle class trap and throw some light on investment advice by Dave Ramsey. They share their experiences and strategy on how they grew their units from zero to more than 1500 in less than 5 years. You cannot create wealth by just listening to Gurus. You need to figure it out by yourself. You need to take the responsibility for your financial growth. Options to create wealth are refinancing the property and/or repurposing the equity. Besides that you need to utilize the dual asset strategy.

Key Insights: 00:00 Introduction 02:42 You can create wealth by not listening to Gurus but by figuring out by yourself 05:48 Using credit cards effectively 08:00 Dave Ramsey strategy as a starting point 12:12 Its your responsibility to work to get to the next level 14:45 Equity leads to more deals 19:17 Leading life of empowerment 20:30 Dual asset strategy 24:00 Best time to insure and invest is today

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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.

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 About Jake & Gino: Jake & Gino are multifamily investors, operators, and owners who have created a vertically integrated real estate company. They control over $350M in assets under management. Connect with Jake & Gino here --> https://jakeandgino.com.

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