In a recent podcast episode, Gino Barbaro, also known as the "pizza guy," shares about his successful transition from being a chef and restaurant owner to becoming a successful multifamily real estate investor. Gino's story is an inspiring example of how anyone can change their mindset and create wealth through strategic investments.
Gino's Career and Real Estate Journey
Gino's journey began with his Italian immigrant parents instilling in him an entrepreneurial and savings mindset. He opened his own Italian restaurant, Gino's Trattoria, in 1994 and enjoyed success until the Great Recession hit in 2008. It was during this time that Gino realized he needed to make a change and find a way to create wealth that would provide him with the autonomy and financial security he desired.
In 2009, Gino crossed paths with Jake, and together they ventured into the world of real estate. They started by investing in multifamily properties and quickly realized the potential for growth and financial freedom in this asset class. They developed a framework called "buy right, manage right, finance right" and began acquiring properties. Fast forward to today, and Gino and Jake own over 1,800 apartment units and have built a successful real estate education business.
One of the key lessons Gino learned on his journey is the power of compounding and leveraging assets to create wealth. Instead of simply saving money for future events, Gino started saving to buy income-producing assets that would pay for those events. He used the example of putting money into a 25-unit property that generated monthly cash flow, which he then used to pay for his children's college education. By investing in assets that generate income, Gino was able to build wealth and create multiple streams of revenue.
Keys to Financial Freedom
Gino also emphasized the importance of mindset and personal development in achieving financial freedom. He encouraged listeners to challenge their beliefs and examine their relationship with money. He shared his own experience of overcoming self-doubt and stepping out of his comfort zone to build his personal brand and become a thought leader in the real estate industry.
For those who may feel intimidated by the idea of investing or building wealth, Gino offered practical advice. He introduced the concept of "baby money soldiers," where every dollar you earn is a powerful tool that can be deployed strategically. By minimizing expenses, saving, and investing in income-producing assets, you can grow your wealth over time.
Gino also highlighted the importance of delayed gratification and making conscious choices about how you spend your money. He encouraged listeners to focus on building their assets and creating impact rather than chasing material possessions. He shared the story of his son, who chose to invest his money in a real estate deal instead of buying an expensive amplifier. That decision has since grown into a significant return on investment.
Conclusion
Gino Barbaro's transition from the culinary world to real estate serves as a powerful illustration of the impact of mindset, diligent effort, and strategic investment. His story serves as an inspiration for chefs and anyone looking to create financial freedom and build wealth. By adopting a wealth-building mindset, saving, and investing in income-producing assets, you can take control of your financial future and live a life well-lived.
To learn more about Gino Barbaro and his real estate journey, visit jakeandgino.com.
Listen to the full interview on The Private Chef Podcast.