Scarcity mindset & Dave Ramsey

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By Jake & Gino. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

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 that controls over $4,000,000,000 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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