In this episode, Michael and Gino Barbaro break down the critical difference between having a Rich Mindset (looking the part) and a Wealthy Mindset (owning the time).

We explore the 5 Key Differences that separate the two. Learn why making six figures often leads to living paycheck to paycheck due to "lifestyle creep," and how to shift your focus from earning income to buying assets that pay for your lifestyle.

Key Takeaways:

✅ Cash Flow vs. Paycheck: The rich focus on the size of the paycheck; the wealthy focus on the yield of their assets.

✅ Produce vs. Consume: The rich upgrade their lifestyle before they can afford it. The wealthy buy assets first, and let the assets pay for the luxury car.

✅ Debt as a Tool: Rich people use debt for consumption (liabilities); wealthy people use debt for leverage (business/assets).

✅ Time & Leverage: You cannot work 24 hours a day. Wealthy people stop trading time for money and start using leverage (OPM and other people's time) to scale.

✅ The 3-Month Test: If your income stopped today, would you be okay? The wealthy mindset prioritizes peace and security over flashiness.

Let's Connect!

Question of the Day: Be honest: If your active income stopped today, how long could you survive on your current assets? Let us know in the comments! 👇

Personal finance, Relationships, Faith, Health & Wellness - it’s all overwhelming and there’s no clear map to guide you. 🗺️ But what if there was?

Visit our website to start your transformation. Your journey to a fuller, more vibrant life is just a click away: https://barbaro360.com/

Join our free Skool community and connect with a fast-growing network of like-minded individuals: https://www.skool.com/barbaro360

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Gino and Michael go head-to-head on a fundamental financial question: What is the actual difference between an Investment and a Speculation?

Gino argues that true investing requires cash flow, long-term ownership, and value creation—meaning that "Fix and Flipping" houses or buying non-dividend stocks is actually just speculating. Michael pushes back, arguing that control, research, and business building (like E-commerce) count as investing, even without immediate cash flow.

We break down the criteria for building long-term wealth versus just trying to make a "quick buck," and why understanding the difference is the key to compounding your net worth.

Key Takeaways-

✅ The Cash Flow Criteria: Why Gino believes an asset must pay you while you hold it to be considered a true investment.

✅ The "Fix and Flip" Myth: Why flipping homes is a job or a speculation, but not a wealth-building investment strategy.

✅ Control vs. Chaos: The difference between betting on market behavior (Speculation) and controlling the outcome through systems and value (Investing).

✅ Rich vs. Wealthy: Speculation can make you rich quickly (and lose it quickly), but investing is designed to compound wealth over decades.

✅ The Intent Factor: How your timeline and goals determine if you are an investor or a gambler.

Question for you: Whose side are you on? Do you consider "Fix and Flipping" real estate an Investment or a Speculation? Let us know in the comments below!

Personal finance, Relationships, Faith, Health & Wellness - it’s all overwhelming and there’s no clear map to guide you. 🗺️ But what if there was?

Visit our website to start your transformation. Your journey to a fuller, more vibrant life is just a click away: https://barbaro360.com/

Join our free Skool community and connect with a fast-growing network of like-minded individuals: https://www.skool.com/barbaro360

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this episode, Gino and Michael Barbaro revisit that pivotal moment. Michael shares the anger he felt seeing his bank account drop to nearly zero, and the realization that followed when the monthly checks started rolling in. They discuss why "skin in the game" is the best teacher, how to use peer influence for good, and a simple framework for parents to teach their kids about money without being overbearing.

We also break down simple financial concepts like Gross vs. Net Income using a farm analogy (eggs and honey!) to make it relatable for kids.

Key Takeaways:

✅ The Marshall Amp Story: The battle between immediate gratification (buying a toy) vs. delayed gratification (investing for cash flow).

✅ Peer Influence: Why kids often listen to outside mentors more than their own parents, and how to use that to your advantage.

✅ Skin in the Game: Michael explains why losing money or seeing a bank balance drop teaches you more than any book ever could.

✅ The "Why" Matters: Smart people have answers; wise people ask the right questions. How Michael’s questions about the investment led to better KPIs for the business.

Let's Connect!

Question of the Day: What is one purchase you made as a teenager that you wish you had invested instead? Let us know in the comments below! 👇

Personal finance, Relationships, Faith, Health & Wellness - it’s all overwhelming and there’s no clear map to guide you. 🗺️ But what if there was?

Visit our website to start your transformation. Your journey to a fuller, more vibrant life is just a click away: https://barbaro360.com/

Join our free Skool community and connect with a fast-growing network of like-minded individuals: https://www.skool.com/barbaro360

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.