Buying for the Long-Term with Howard Marks

In this episode, Jake and Gino unravel the concept of Long-Term Personal Financial Engineering. Think of financial planning for your future as “Personal Financial Engineering.” They talk the ‘buy-low, sell-high’ strategy that most investors try to apply when planning for the future, and the dynamics involved in when the opposite happens- buyers end up buying high and selling low. It’s very challenging to maintain to a long-term mindset when so many things in our lives feel unstable and unpredictable, but we have to stay focused on our goals and refrain from having “get-there-it is,” as Jake calls it. Jake and Gino believe that long-term success with Multifamily relies on informed decision-making and a practical understanding of the three pillars of real estate: market cycle, debt and exit strategy. The duo also discuss the ways you can leverage Whole Life Insurance in your long-term financial plan, and how a 100 Year policy can be used as a cash management tool. 00:00 Introduction 04:11 Listen to the older person's advice 07:50 What is wealthy mindset all about 11:34 Transactions pay the bill, equity makes you rich 14:00 Whole life policy as a cash management tool 16:30 Wrap-up Want to learn more? Check out our well-curated resources on https://100yearrei.com/resources/  BONUS Resources: Check out our mini-course on Whole Life Insurance for Real Estate Investors: https://100yearrei.com/whole-life-mini-course/   NEXT Step: If you want to learn more on why should add a cash value Whole Life Insurance Policy to your financial plan (and even the plan for your business or children), get in touch with our Team here: https://100yearrei.com/callnow/      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 that controls over $100,000,000 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. #wholelifeinsurance #financialplanning #realestateinvestors #personalfianance #wealthbuilding  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/  We're here to help create real estate entrepreneurs...  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. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.