5 • 831 Ratings
🗓️ 18 December 2024
⏱️ 13 minutes
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0:00.0 | Hello and welcome. My name is Gino Barbera, one of the co-founders of Jake and Gino, and in this |
0:04.5 | important how to, we've got a question from somebody on Instagram. They wanted to know if I should |
0:11.8 | invest in real estate or I should double down in my business. Now, that question is from Samuel, |
0:17.1 | from Stuart Painters. And to me, it's such an important topic. It's actually, I like to say, |
0:22.9 | it's near and dear. And that's what over the last 15 to 20 years has been the struggle in my life. |
0:28.7 | Should I double down in my restaurant business, try to scale that business, or should I take |
0:33.6 | some of the profits and some of the money from that business and invest in a real estate. |
0:38.1 | And thankfully, for me, I decided, hey, the restaurant was more of a transactional. |
0:43.5 | It was very hard for me to build equity and to really scale that business. |
0:46.9 | I took a lot of the profits there and I put it into real estate. |
0:51.3 | As you're listening to the podcast, if you want to get premium content, |
0:56.9 | I want you to subscribe to the Jake and Gino channel on YouTube. |
1:01.0 | Hit that subscribe button. Every week, we release premium content. We do a weekly masterclass |
1:06.6 | with our Jake and Gino community. That's only to the Jake and Gino community. |
1:10.0 | If you want to get |
1:11.0 | access to that, I want you to subscribe to our YouTube channel and you will get access. Now, |
1:16.4 | to really get specific to the question of Samuel, should I put more money into my business. He's got |
1:23.1 | a painting business. Should I really try to scale that? Or should I take some of that money, some of the |
1:28.2 | profits, and diversify and put it into real estate? My answer is, why not do both? I think if you |
1:37.4 | look at most people who are wealthy in this country, they either own businesses, they have a really |
1:43.7 | high paying job. They have a really high paying job. |
1:44.7 | They have a really unique skill set as far as a surgeon, as far as an attorney, as far as an inventor, |
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