Gino Barbaro | How to Overcome Scarcity Mindset and Embrace Abundance

**About The Guest(s):** Gino Barbaro is a real estate investor, entrepreneur, and life coach. He is the co-founder of Jake & Gino, a real estate education company that helps individuals achieve financial freedom through multifamily real estate investing. Gino has a background in the restaurant industry and transitioned into real estate in 2008. He is also the host of the Jake & Gino podcast and the Movers & Shakers podcast. **Summary:** Gino Barbaro emphasizes the importance of understanding one's relationship with money and how it can impact financial success and happiness. He shares his personal journey from the restaurant industry to multifamily real estate investing and highlights the need for core values and systems in scaling a business. Gino also discusses the intersection of personal and business coaching and the role of personal development in achieving success. **Key Takeaways:** Understand your relationship with money to achieve financial freedom and happiness. Core values and systems are essential for scaling a business. Personal and business coaching can help individuals achieve their goals and overcome challenges. Prioritize tasks that are important but not urgent to move the needle forward. Focus on tasks that generate revenue and align with your values and goals. **Quotes:** "Transactions pay the bills, and equity makes you rich." "Money is not the goal, it's the result." "Find the vehicle that fits your personality and relationship with money." "Short-term pain for long-term gain." "Focus on tasks that generate revenue and align with your values." **Chapters:** (0:00:00) Understanding your relationship with money is crucial for enjoyment. (0:02:05) Raising a family is similar to growing a business. (0:03:35) The restaurant industry is tough and not always profitable. (0:04:50) Real estate should have an exit plan for success. (0:06:25) Gino Barbaro transitioned from restaurants to multifamily real estate. (0:07:59) Transactions pay the bills, equity makes you rich. (0:08:59) Introduction to life coaching and empowering others (0:09:57) Difference between life coaching and business coaching (0:11:35) Importance of knowing what you want in life (0:12:26) Aligning goals and objectives with personal values (0:14:25) The challenge of knowing what you want in life (0:15:20) The pursuit of opportunity over money (0:16:07) The importance of understanding your relationship with money (0:17:39) The book recommendation: "The Psychology of Money" (0:19:08) Finding the right investment vehicle based on your personality (0:19:09) Trevor discusses his relationship with money and scarcity mindset. (0:19:58) Gino emphasizes the importance of rewiring mindset and challenging beliefs. (0:21:12) Trevor shares his experience of extreme poverty and his mission to help others. (0:22:25) Gino highlights the significance of having a why and a growth mindset. (0:26:44) Gino recommends using value-based decision making and EOS/Traction systems. (0:29:33) Firing an employee for the third time (0:32:55) Start with a smaller real estate investment (0:33:58) Determine investment criteria and goals (0:34:34) Personal growth strategy: focus on what's important but not urgent (0:36:12) Focus on tasks that generate revenue (0:38:09) Set quarterly priorities and break them down into tasks (0:40:10) Trevor and Gino discuss the importance of prioritizing tasks **Additional Resources** 👉 LinkedIn e-book: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://online.flippingbook.com/view/714118097/⁠⁠⁠ ⁠⁠⁠⁠⁠⁠ 👉 Subscribe: ⁠⁠⁠https://podcasters.spotify.com/pod/show/who-ya-know-show⁠⁠⁠ 👉 Trevor Houston is a licensed financial professional offering insurance/financial products through various carriers. For more info visit ⁠⁠⁠http://cpwstrategies.com⁠