Author: mitchanelson

What is a Fix and Flip?

There is really only a couple components to a fix and flip: “fix” and “flip”. When acquiring the property its important to understand and anticipate the market. If you buy a property cheap enough, you’ve got plenty of options. You can whole sell it, you can fix it up, you can do a little renovation,…
Read more

Creating a Fix and Flip Business Plan

I’m sure you have all heard the saying: “most don’t plan to fail, they just failed to plan.” People just get out there, they get going, and then all of a sudden, they go back and try to figure out how they’re going to fix the mess. Let’s talk about the business plan here. A…
Read more

Why Some Fix and Flippers Fail

Being a fix and flipper doesn’t require you to take a whole lot of risk, it also doesn’t require that you have a couple hundred grand sitting in the bank to get started. We’re standing in front of one of my properties, it’s got a thirty-thousand-dollar potential profit and it’s only going to take me…
Read more

5 Currencies of the Wealthy

Mitch: If you’ve been to one of my workshops, or you’ve read my best-selling book Mindset To Millionaire, you know that I have a heavy focus on the five currencies of the wealthy. Those currencies in this particular order are: time, knowledge, relationships, credit, and money. You want to set money last. Now, most of…
Read more

Never Spend the First Dollar

If you’re living off the money from your job, it probably feels paycheck-to-paycheck, and it’s not that the paycheck’s not big enough, it’s just that you’re spending it wrong. In chapter 5 of my book Mindset To Millionaire, I talked about the difference between what I call the first dollar and the second dollar. In…
Read more

Let Your Assets Pay for Your Liabilities

Do you ever wonder what the wealthy have so many nice things and never seem to run out of money? It’s because they don’t pay for it. So, let me give you an example. While I was growing up, my dream car was a Corvette Stingray; a 1970s version of a Corvette stingray. I had…
Read more

College Education isn’t Bad, It’s Just Not Going to Make You Wealthy

You know, if someone ever tells you that college education is bad, I’m not saying they are necessarily wrong, I just would be skeptical of what they’re trying to sell you. HOW USEFUL IS COLLEGE EDUCATION? So, I think that college education has gone down a path that is simply a money grab for the…
Read more