161: Michael Griffin - Flipping Homes, Creating Wealth, and Saying "NO"

Day One Dollar Zero

In this episode, Will, Eli, and Michael Griffin, a massively successful house flipper and owner of multiple businesses, share their journeys in real estate and entrepreneurship.

They dive into the crucial role of planning for both personal and professional growth and explore the unique opportunities available to realtors. They discuss the challenges of managing a team, emphasizing the need for efficiency and smart decision-making. They highlight the mindset and work ethic necessary for success, while also underscoring the importance of family and fatherhood in shaping their views.

Additionally, Will and Michael discuss the significance of building a business that's not dependent on constant transactions. They stress the value of surrounding yourself with the right people and mentors, and contributing positively to your network. The conversation also covers the importance of taking risks and developing infrastructure to scale a business. They touch on various topics including real estate, entrepreneurship, and the promising future of emerging industries like psychedelics.

Chapters

00:00

Introduction and Setting the Context

02:43

The Opportunities and Ascension in Real Estate

06:08

The Importance of Getting Licensed and Taking Action

08:04

From Commercial Real Estate to Entrepreneurship

10:43

Choosing the Right Location for a Business

17:36

Overcoming the Perception of Average and Recognizing Personal Growth

19:34

Efficiency and Calculated Decision-Making in Business

23:41

The Impact of Fatherhood on Personal and Professional Growth

27:10

Building Residual Income through Long-Term Investments

28:35

Building a Business That Doesn't Rely on Transactions

32:55

Saying No and Identifying Opportunities

35:18

Exploring Emerging Industries

36:40

Taking Risks and Building Infrastructure

41:08

Surrounding Yourself with the Right People

43:29

Contributing Value to Your Circle

44:26

Tenacity and Work Ethic

48:14

Creating Freedom and Flexibility in Your Business