Ep 18 - Making Number-Based Strategies in Investing with Mitch Hankins

Today’s guest is Mitch Hankins. Mitch grew up in the Netherlands with an American father and a Dutch mother and he enlisted in the USAF when he was around 20. He had always felt lost, especially in Europe, and he knew that he had to move to the US. Ever since that decision, his life has been slowly unfolding in the right direction. He spends most of his time reading, in nature, and working. His main source of income is his remote programming job, which he loves, but he is building multiple income streams with real estate and paper assets, and supplementing his income with options trading. In 10 years, he sees himself receiving a hefty cash flow each month and spending a large portion of that money helping others.

[00:01 - 7:58] Who is Mitch Hankins?

• Mitch shares how he grew up in Europe and how he enlisted for USAF in Germany
• While he was in the air force, he started his computer science degree
• Learning how to take ownership of his mistakes and striving the improve
• Why was he transferred to a smaller company
• Using his technical expertise in day trading

[07:59 - 18:43] Making Number-Based Strategies in Investing

• Experience as a fledgling web developer to a full-time full stack developer
• Mitch explains stock options
• • Options are all about risk management
  • The trick is to beat the index
• What is the Federal Reserve?
• How to get an edge in stock investing
• Options allow you to create a range for stocks to move in and be profitable

[18:44 - 27:26] Getting Into Real Estate

•     Acquiring the first real property
•     Focusing on short-term rentals
• Positioning himself to take advantage of the future changes in the market

[27:27 - 44:22] Knowing Your Core Values

• Finding out your why and implementing your how
• Start with Why: How Great
• • Leaders Inspire Everyone to Take Action by Simon Sinek
  • Traction: Get A Grip On Your Business by Gino Wickman
• Write your 10-year goal,  3-year goal, and 1-year goal
• Putting a process around what you want and how you track it
• Stoicism and finding your purpose
• • Man’s Search for Meaning by Viktor Frankl
  • The Daily Stoic  by Ryan Holiday
  • Vivid Vision by Cameron Herold

[44:23 - 59:14] Closing Segment

• Creating a social impact
• The importance of personal growth
• • Check out Meditations by Marcus Aurelius
  • Tracking his life

Connect with Mitch!

LinkedIn

Want to learn more about creating multiple streams of income, wealth protection, financial freedom, or real estate investing?  Join our investor club, check out our blog, get our free ebook on investing, or join us for our monthly wealth and whiskey virtual meetup. Take the first to your wins in life just head on to http://www.valkeregroup.com.

Leave a REVIEW and SHARE this episode with someone who wants to unlock the secrets to success. Listen to other episodes on Apple, Spotify, Libsyn or wherever you get your podcasts!  

Key Quotes

“Be brutally honest with yourself, about your fears, about your deepest desires, your deepest fears, not being ashamed, taking that internalizing it and using it for good.” – Mitch Hankins

“Options are all about risk management because if you do one thing wrong, everything can be wiped out.” – Mitch Hankins