How To Protect Your Capital

Before you focus on making money, you need to learn how to protect it.

In this episode, Gino shares key principles to minimize risk, avoid common investing mistakes, and build a solid foundation for long-term wealth.

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0:00  Introduction to asset ownership and estate planning statistics.

0:27  Discussion on estate planning and baby money soldiers.

0:55  Introduction of Gino Barbaro and the concept of baby money soldiers.

1:31  Importance of protecting and perpetuating wealth.

1:59  Personal story about asset protection and LLCs.

2:28   Explanation of entity protection and legal advice.

2:57   Importance of consulting with an attorney.

3:25  Considerations for keeping assets in personal name.

3:52  Importance of legal advice and using AI for initial guidance.

4:18  Introduction to insurance and its importance.

4:48  Using AI to understand insurance policies.

5:14  Ensuring for catastrophic losses.

5:40  Example of adjusting car insurance deductibles.

6:07  Explanation of insurance deductibles and savings.

6:31 Importance of ensuring for catastrophic events.

7:01 Discussion on insurance claims and premiums.

7:28  Importance of life insurance for the general of the army.

7:44  Explanation of term and whole life insurance.

8:12  Introduction to buy-sell agreements.

8:42  Personal story about buy-sell agreements.

9:10 Explanation of key man insurance.

9:39 Importance of key man insurance for business continuity.

10:10 Introduction to umbrella policies.

10:39 Importance of reviewing insurance policies.

11:07 Transition to estate planning.

12:23  Importance of having an estate plan.

12:46 Explanation of legacy and estate planning.

13:14 Components of an estate plan.

13:41 Importance of a last will and testament.

14:09 Additional estate planning tools.

14:35  Explanation of revocable trusts.

15:02 Importance of avoiding probate.

15:32  Exercise on understanding personal finances.

15:55 Importance of high deductibles and financial independence.

16:23 Conclusion and contact information.

 

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.

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