Opportunity and Freedom of Choice
“People with financial intelligence can change the world for better.’- Jake Stenziano
On this episode, Jake and Gino are discuss the contrast between U.S. and European economic systems. They share their list of pros and cons of both, and what to consider when choosing one of them to live in.
When looking at traditional family culture, and enriched values through food and faith, Europe tops the list of places to live and is one of the most beautiful countries in the world. However, the downside includes big factors such as disorganized laws regarding citizens’ rights, low economic growth rates, and less-effective financial systems.
There seem to be more avenues to make money in the United States, through entrepreneurship. But- when comparing pros and cons- the U.S. is a far more expensive economy to live in, with high tax rates challenging your savings, investments, innovation and allocation of resources in various ways.
What is important, is that you have the opportunity and freedom of choice. This freedom of choice however comes with the responsibility of being financially intelligent. We cannot decide properly for our futures without being educated on these important economic systems, and what each can mean for you and your family.
Key Insights:
00:00 Introduction
02:00 Pros of living in Europe, specifically Italy- family, faith, food and tradition
08:33 Living in America: It’s about living proactively with responsibility in U.S.
09:20 Power of choosing the place to live in, especially for Real Estate Investors
11:42 What economic factors can hurts the lower-to-middle class?
15:09 Caution: Tricky property rights that can lead to no rights to property you inherit
19:30 Wrap-up
About Jake & Gino
Jake & Gino are multifamily investors, operators, and mentors who have created a vertically integrated real estate company that controls over $225,000,000 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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