#037: Imagine What’s Possible When We Teach Our Youth How to Be Financially Successful

Check out how “These Flippin‘ Kids” got started using a combination of in person and remote mentoring; the success they found in their approach.  Chris Peterson, proud father of Breanna, Madelin, and Isabelle, aka These Flippin‘ Kids shares the journey and why he chose to have Alex Arriaga mentor his kids rather than mentoring them himself.  We discuss the financing structure they used for their first deal and the value of having an abundance mindset and the use of a profit sharing model to get started.  We also discuss turn key real estate investing. 

SHOW NOTES

1:12 – Background on Chris and what he does.

2:32 – Information on These Flippin’ Kids and how it got started.

8:32 – How Alex started the mentoring process and adapting the process to work with kids.

11:33 – Using a combination of in person and remote mentoring; the success they found in their approach.

14:06 – How they stuck to their budget and schedule so far.

15:38 – The value of giving young people an experience with working collaboratively early in life as well as not having any negative, preconceived ideas.

17:50 – Chris’s experience with the project and how it’s been to have some separation from it.

19:39 – Details on some of the press coverage that These Flippin’ Kids has gotten.

22:11 – Experiencing rejection and pushing through to continue the project.

24:02 – What plans are on the horizon for the kids.

26:11 – The structure of the financing they used for their first deal and using an abundance mindset to engage with a profit-sharing model.

28:39 – Background on Chris’s turnkey investments.

30:44 – Differentiating between a turnkey deal and a fix-and-flip deal; some of the strategies he uses in his business.

33:37 – What Chris wishes he had known earlier on in his investing career.

36:07 – Learning to bring on a good team rather than doing everything himself; leveraging your skills with other people’s skills and looking at the opportunity-cost.

40:27 – Resource Chris recommends: Rich Dad Poor Dad.

42:28 – Reaching out to Chris and learning more about These Flippin’ Kids.

Resources and Links Mentioned:

These Flippin’ Kids

Alex Arriaga (Bank Free Blueprint #30)

Rich Dad Poor Dad by Robert Kiyosaki

Think and Grow Rich by Napoleon Hill

Contact Chris at chrispetersonmentor@gmail.com

Contact Tom at tom@tombraegelmann.com or feedback@tombraegelmann.com

Check out this episode!