Jake and Gino Real Estate Entrepreneurs A Tale of 2 Family Legacies: The Rockefellers and The Vanderbilts
Do you ever feel like the ultra-wealthy play by a different set of rules than the rest of us? What is their secret of getting rich, and staying rich?
This week, we dive into the strategies used by multi-millionaires and billionaires to create wealth and protect their legacies -not just for their children- but for their grandchildren and generations to come.
In this episode, Jake and Gino compare two of America’s wealthiest families, and the difference in how the Rockefellers and the Vanderbilts preserved their wealth. By not thinking long-term and not focusing on preservation, the Vanderbilts squandered their family fortune almost immediately. The Rockefellers, on the other hand, employed a strategy to keep their money together, inside of protected trusts with direction on how it could and could not be spent, which ultimately secured their financial future for more than 6 generations.
Gino dives into the top 3 factors that kill wealth, while Jake explains the framework of a trust. This bigger-picture mentality allows you to protect your financial legacy from taxes, lawsuits, and even reckless-spending heirs.
Key Chapters:
00:00 Introduction
03:19 Directing your assets to build your legacy even when you are not around
05:36 Why the Rockefellers lasted but the Vanderbilts did not?
09:47 Framework of the family trust as your legacy for your children and generations ahead
12:49 Long-Termism and Cathedral Thinking
14:32 Three factors that kill wealth
17:52 Why do multi-millionaires and billionaires do not leave their money to their children?
“Think with the end in mind, if you want to grow your wealth and save it for your generations”- Gino
To know more about long-term personal financial engineering and options for building legacy wealth, connect with our Team at www.100year.com
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/
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About The 100 Year Real Estate Investor
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#legacywealth #lifeinsurance #financialplanning #personalfinancialengineering #generationalwealth
The contents of this video are for informational and educational purposes only. They should not be considered investment, financial, legal or tax advice. Jake and Gino are not licensed in the insurance or securities industries and is not in the business of selling, soliciting or negotiating the sale of any insurance contract, security or other investment vehicle.
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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. They have created the Jake & Gino Premier Multifamily Community to teach others a simple three-step framework for investing in multifamily real estate. Connect with Jake & Gino here --> https://jakeandgino.com.
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