The RICH don’t want you to know this
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- Опубликовано: 17 окт 2024
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If you don't know how to buy businesses, make deals or don't know anything about acquisitions, I have news for you: you're screwing up. The big keep getting bigger and it's putting our families and our children's families in a really bad spot for the future.
So today I'm going to share with you the playbook that the rich are using to keep getting richer, and how you can start taking cues from their work. You don't have to re-invent the wheel. You just have to pay attention to what the world's richest people are doing, and apply the same principles for yourself. Spoiler: making coffee at home and sleeping on your couch isn't their secret.
One of the tools rich people use is called an LBO. So what is it and how can you use it? I'll tell you in this video, but the short version is: it's a tool that lets you scale if you don't have a lot of money. These tools are available to you if you do a little leg work, and if you're watching this video, it's a step in the right direction.
I know what many of you are saying, "but Codie, the world is getting tough and I'm afraid of a recession!" You're right. And that's why I always remind myself of one of my favorite Baron Rothschild quotes: "buy when there's blood in the streets, even if it's your own."
Many people want to sell their business so they can retire, are you willing to step up, buy and be a better version of the boss you always wish you had? What would you do differently? Comment below!
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All content on the Codie Sanchez RUclips channel reflects my own opinions and should NOT be taken as legal advice, financial advice, or investment advice. Please seek out the guidance of professionally trained and licensed individuals before making any decisions. Some links in the description may be affiliate links.
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There was an opportunity couple years back an old lady wanted to sell her storage business for 150k and her children didn’t want it
Every time I listen to her, I feel like I just been schooled in the best way. She is a straight shooter with lots of great knowledge and so generous
I really appreciate the dedication in each video you post. To be successful one has to have multiple income streams and so on, also investors should understand the crossover between asset classes & liquidity flow, Angie Chen Owens focuses on Multi-asset trading, a single strategy to manage risk, profit, and the code or the actual decision-making across multi-asset classes. Her skills set is top notch
Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.
She is my family's personal Broker and also a personal Broker to many families in the United states, she is a licensed broker and a FINRA AGENT in the United States.
You trade with Angie Owens too? Wow that woman has been a blessing to me and my family.
Please let me know how to contact her as I'm new to this.
I was skeptical at first until I decided to try. It’s huge returns is awesome! I can’t say much.
This was incredible valueable information. I am a concrete worker and Im allready thinking of figuring out how to buy up the ONLY 2 small concrete businesses that specialises in concrete cutting in my city. I will literally have no competition, and I have checked their numbers (its public) and the numbers are good.
0:04: 💰 The video discusses the importance of business ownership and the negative impact of limited ownership on society.
4:50: 💰 The video discusses the concept of leveraged buyouts (LBO) as a way to acquire businesses using other people's money.
9:24: 🎥 The speaker discusses the importance of being an empire builder and shares some insights from Warren Buffett.
13:53: 💼 The speaker discusses the concept of vintage in private equity funds and the importance of investing during recessions.
19:30: 💼 Small businesses are at risk of closing due to lack of cash on hand and outdated technology.
23:56: 💰 The business owner shares his strategy for acquiring more revenue through various acquisitions.
28:29: ! The speaker discusses the process of acquiring small businesses in the wash and fold space.
33:39: 💰 The highest leverage activity is cash, as it can be used to make more money work for you.
38:06: 💼 Using OPM (Other People's Money) is a viable option to close deals and buy businesses quickly.
43:30: 📚 The best way to find deals is within your personal ecosystem.
47:26: 💼 The video discusses the steps to consider when buying a business.
Recap by Tammy AI
it’s kinda crazy how nobody’s talking about the forbidden ebook called 25 Money Secrets From Donald Trump
Successful people don't become that way overnight. What most people see as wealth is the result of hard work, knowledge and action.
I am fortunate I made productive decisions that changed my life forever through my finance-mentor. I'm a single parent living in Bn Italy, bought my second house in April and hoping to retire at 40 by next year.
To possibIy grow, a mentor is needful to make it a reality. I engage in aIot with the ldeas of my mentor and so far have achieved so much already.
sear ch her full name below, if you care
Codie is by far my favorite of the business educator entrepreneurs. She presents information that is able to be understood and ACTUALLY applied.
Stop simping
key word educator she doesnt actually own shit
Makes my heart happy. ❤❤❤
@@CodieSanchezCTunless I'm missing something, what I never hear you say is what do you do when your first deal doesn't work. Any insight on that? Thank you, and I love your content, and how transparent you are..
@@CodieSanchezCTdo you talk about creating funds?
3:31 Easier to buy profits than make them
8:24 Time is more valuable
9:23 build an empire
16:55 Never thought I'd shed a tear on a business / how to make money channel. Codie, you're a real deal.
Work smarter instead of harder. You speak to my heart❣
We must protect this woman at all costs!
I thank myself for never giving up even when it was very hard I kept pushing through until I made it out. My advice is that If you do your own investing, have you ever thought whether you should turn things over to a financial advisor? If you have significant assets, you have probably felt anxiety when making choices with your money. Perhaps you sensed that you might make better investing decisions if you knew just a little more and could invest without emotion. If this is the case, consulting a financial advisor makes perfect sense.
John Desmond Heppolette has been a significant step in my financial life journey, providing valuable knowledge, actionable advice, and motivational content. His supportive community has boosted my confidence, work engagement and has inspired me to strive for excellence. His assistance is a secret weapon for great financial growth, and his online presence is a must-see for anyone looking to improve their financial situation.
Absolutely! A financial advisor can help you create a tailored investment plan that aligns with your unique financial situation and goals.
Codie makes me feel I can do anything. Thank you. God bless you.
Codie is awesome. I really enjoy her content. As a former Investment Banker in M&A, I love her training on buying a business as opposed to building one. She’s truly unique.
I just subscribed to your channel after I watched your interview with Stephen Bartlet (It was amazing, btw!), and I'm glad I clicked on this video because it (is GOLD) gives me hope for breaking those mental barriers to actually start searching and investing/own small businesses in LatAm!
Thank you, Codie!!!!
Yes! That was amazing!!
**
My husband and I have been talking about buying the local laundry mat for several months now, thank you so much for your information and insight.
This is so important, thank you, Codie!
This is one of the channels that gave me the courage to start my RUclips channel 8 months ago about self development. Now I have 771 subs and > 300 hours of watch time. I know it’s not comparable with others but I’m still proud I started because I’ve been learning so many lessons that I could haven’t learned without getting started in the 1st place.
As someone who has wanted to start a RUclips channel, I think you’re amazing!
@@leahogrady9388 Whoever you are, I don't know you personally but I can say that you're one of the non-judgmental and open-minded people who is not fixated on tangible or external factors in order to learn from someone like me. Just because someone doesn't have a piece of paper as a credential, doesn't mean that person is not entitled to share personal experiences with the hope & intention to inspire others. Keep up with whatever it is that you're doing to improve mankind or improving your life even to a slight degree each day. This is just one part of a bigger puzzle for creating my RUclips channel about holistic health. I literally could have died back when I was 14 years old due to major depression but here I am right now replying to you, a RUclipsr, who's full of fulfillment and dedication to help others to be a better version of themselves. I ain't better than anyone else but my old self. That's all that really makes this RUclips thing more meaningful and enjoyable. Thanks so much for your support! I am hoping that you can join me with this endless personal development journey! :)
I excelled in accounting in high school studying that in college now
Why do you think the real estate market is going to crash more than 2008-09? trying to understand your data.
Amazing, as a recent first time BO, this was a great wealth of info! Thank you 🙏🏽🤙🏾
I didn't become financially independent until I was in my mid 40s, in addition to owning a second house making money on a monthly basis through passive income, and I've also met some of my goals. I really hope this motivates someone to know that it doesn't matter if you don't have any of these things yet; no matter your age, you can start today. Investing can help you change your future! By participating in the financial market, I took a significant decision.
I would be retiring or working less in 5 years, and I'm curious to know best how people split their pay, how much of it goes into savings, spendings or investments, I earn around $250K per year but nothing to show for it yet.
For a successful long-term strategy, I recommend you seek the guidance of a financial advisor, Who will advise you how to buy stocks with market-beating yields and shares that at least keep pace with the market for a long term.
Very brilliant idea, I was managing my portfolio by myself using RUclips and Incurred a huge loss which made me hire an advisor. It's been 2yrs already and I have made up to $480K in returns and would pay fully for my 3rd rental property in new york by next month.
@@WilliamHudson-lo2qb How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
Presently, it is advisable for everyone to give serious thought to diversifying their income sources, those that do not depend on government support, especially given the ongoing economic challenges worldwide. This is an excellent time to explore investments in assets such as gold, silver, and digital currencies like BTC, ETH, USDT, and XRP.
Wow, I bloody love this woman!
Wow. Codie. You won me over with this one. Phenomenal key note and full of true generosity.
Codie - one thing you are missing is that lots of local stores are replaced by digital e-commerce such as Amazon FBA, FBM, drop shipping etc. I started Amazon FBA two years ago and have already crossed $150k per month. I do love your content but why not create a video on how to start with all the techniques that RUclipsrs prefer to keep to themselves? I gained this knowledge after reading an eBook. No one is talking about how to outrank competitors, gain additional traffic outside Amazon, or properly implement off-site SEO for additional exposure etc etc. I have no doubt that this kind of video would be super beneficial to your audience.
Im assuming you mean how to get the "Best Sellers" badge on your listing? The best sellers badge is specific to each sub-category, you have to be selling the most amount of units on a daily basis within your sub-category to get the Best Sellers badge.
the name of the Book your talking about is Passamzalgo right?
Correct.
Your doing a mistake, the more people who will know about it = the more it will be saturated.
This kind of mindset won't get you far... There's enough $ for everyone. If you are creative enough you can make any saturated method into something new.
I love seeing how she has refined this over time. Incredible content
What books should i read in order to understand the financial terms and regulations?
Codie plz block the scammer bots!
Working on it as we speak!
She's paying them...
You’re so passionate and funny too.😂
Thank you Codie and team for this content.
"Pension" you out. Is the term I use. Helping older guys in my industry that have NO retirement income
You are my Certified Mentor.
7:42 getting real right there
You are a literal genius! And a gorgeous one to top it off! Thank you!
Incredible lessions Dear Codie !!
This is gold! ⭐️ Thank you so much for everything you do, Codie! ❤
Hey Cody..... I want to become multi millionaire but before buying business what should I know that I can make a money....
What does 2-5x profits mean?
Great video Codie! Appreciate it as always.
This was super informative. Thank you, Codie! 🔥
You're awesome Codie
Thank you codie. Can you make info event management business plz.
Codi I love your content, you have become my "healthy distraction"
I'm in awe! What a woman! And smart too! 🙂
I just ... LOVE YOU ! Thanks
Codie, explaining the notion of using the sellers capital to buy out their business, in simpler terms, is this simply a matter of finding a seller, and working out an agreement to own where you commit to running their business for them, while hopefully netting higher profit gains compared to the way the owner/seller ran the business, so that in X number of years, you've covered the cost of ownership?
Information was great but literally 3 full videos are the exact same speech just at different events 👀 and they were titled differently
Codie this was simply amazing. Easily well formatted and digestible.
Codie, i think that buying a competitor is more of a horizontal integration and buying a supplier (soap) would be a vertical integration, in this case backward vertical integration.
Thanks for thr pep talk Jessica Alba
One problem. The key message here is like use other people money to close acquisitions. What happen when shit hits the fan? You still need to pay your creditors. Also, how come laundromat ia such a successful business when it s cheaper to own and run your own washing machine at home?
Aquiring businesses that are struggling and adopting their processes may be detrimental to your profit margins unless you can rectify why they are struggling.
PREACH sister! Love this Codie and your attitude about 'The few that know become the only that know.'
THIS information has inspired me to go ahead back into the business world; to help my Community and our kids' future.
Thank you. Besos.
Antonia
Codie this is one of the most valuable videos I've ever seen on RUclips. It's incredibly motivating. Thank you for sharing it.
I wonder how many people in these comments have businesses they can sell lmao
Good info…but you don’t talk about the $100’s of thousands you have to have for the 20-50% down for the seller financing…and it’s multiple businesses. A business whose doing $300,000 profit is selling for $1m +.
You can get an SBA loan for the down-payment if the rest is seller financed.
You captivated me with three videos, 24 hours ago, which I've watched repeatedly! I'm learning and growing and excited to take my financial future into my own hands.
Thank you! Tell me more!
Codie is the man
Give Us A Fish" You Feed Us For A Day " Teach Us How To Fish You Feed Us For A Lifetime ! And By Doing So" You Change The World ,Make It A Better Place. Thank You !
One of the best videos I’ve ever seen. Thank you.
I think this is all great info. but, why would another small business owner buy another small business if they will only get taxed the same rate as a small business? I need to know how to get around that part...
oh wait, I just saw, I would need to buy your product....okay cool
Codie! All the information I need to hear! Thank you so much!
yep , lots of tradesmen and older business owners aging out and don't know anyone to take up the mantle . i really haven't seen a website with good leads yet . i guess its up to actually physically searching
I am gonna cry. I would assist Cody just to get her flow and be near her power and owe her my instant message in return every time she needed me
This is the best information youve given thank you
Thanks for the insights and coaching
Buy at local stores. They pay property tax and local businesses support your community.
Hey Codie, I want to get into your masterclass tomorrow but, it wont let me reserve a spot.. Is is full? I appreciate you and we have the same mentality and drive to create the leadership mindset of the next generation. I just want to serve.
Your webinar link has expired.
Can we get the reply for those of us that Misses?
This is great, I will watch it multiple times!
Codie is top 3 favorite RUclipsr keep killing it
Who else is in your top 3??
Thank You for Sharing! 🙏
Mrs. Codie, the message is golden but the clickbait title doesn't do it any justice.
The Outsiders (about CEOs), Where the money is, Security Analysis, Margin of Safety, Evidence based wealth by Belanger, Principles by Dalio, Trading for a living (for aggregate adjustments).
These would be my top recommendations for Valuations and portfolio management
Well, Carlos Slim acquire Teléfonos de México (Telmex nowadays) because the government privatized the public phone industry and sold it to him. No other phone company owned telephone lines, they all rented them from Telmex. So that gave an obscene edge to Slim, he owned the telecom monopoly in México for decades.
He's a billionaire, true; but I don't consider him an example people should follow.
Wow ! Impressive empowered woman, deep energy and trusth, proudly latin. Greath learning and value topics. Hope you´ll visit soon México. I saw your story of how you started as a journalist and the facts of Tijuana (help people from my Tj), very inspiring; I am your fan Saludos from CDMX.
I love your mind! Merry Me!!!❤
Lead-time response is most important metrics, she is right.
The problem is small home improvement companies usually rely on human resources, and that can easily go on their own, that's the hard thing to find at least in the UK.
Simple facts. Love her 😘
Is there a way to work witu you personally? I am thinking of selling my business but wonder if I should have a consultant look at it first.
You are always on point,thank you,great help for any mindset.
Codi, but how do I found this business?
Why can't people acquisition or buy a utility / power /water company?
Also a lot of loans and time that you have to be on top on all your business or someone will steal. When you buy business I'm sure it's a loan I don't think most of us are born with millions. So you can expand on 20% down on a loan and keep getting loans and growing but when the economy collapses, all of your businesses on a loan have a lean from banks so when you can't make payments, it's a domino effect which start bankrupting each failing asset one by one and eventually taking your good assets with it. Yes multiple revenue is amazing but also you have to get a good sale price on your asset or else it's not worth it. I'm talking about average people and not Bezos and Musk and Ambani type.
This was an amazing video!
Thank you.
Good shit.
After all where is the money/fund source to acquire many businesses?
An Open book you Cody, best currency in the world
I loved accounting & I LOVED MATH!! 😂
*Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly.*
[]Despite the economic fluctuation, I'm so excited I've been earning $45,000 from my $10,000 investment everyday 10days.^>
Quite impressive but HOW!I?© I know it's possible, my colleague at work got her first investment return of 40K after two weeks and she quit the job, I would appreciate if you show me how to go about it..
**I will advice you find a good adviser like Michael T Abagnale, that will help you through^
@RichardDunn-xf6uuplease how do I contact this Michael T Abagnale
I really need his assistance
I like this idea a lot and I’m definitely going to pursue. I had 30 lawns in high school and a landscaping company offered me $1500 for my clients/lawns , I didn’t sell and instead my dad took over but I see why it works!
At minimum you should have been offered what you earned with the 30 lawns and multiply that by 10. It might have been worth it then but $1500 is laughable. It was not a serious offer.
@@bonchidude They were dealing with a child, of course they're not going to be serious.
For each business you acquire, how much are you needing to learn about the business? Are you hiring an operator with experience to market and run the biz?
Very smart
Gorgeous madam, your words are really educational and positive for me, you are my business mind trainer from now on, I am trying to apply the business related words to myself, I always wish you success, I always wish you the best of luck to stay by my side.
The transportation industry like trucking companies are experiencing hard time by brokers fees i been since 2009 in this industry as regular employee and i notice the struggle for the owners of companies outside of the 500 fortune companies
Inspiring video!!
The rich 100 years ago were concerned about what the average person thought about them because they had to (partially) share the same social space. The rich these days go to different schools, live in different neighborhoods and don't have to interact with the everyman. Even worse is the fact that the rich these days absolutely hate the average man and flaunt it constantly via revolting questions like, "Well, where did you go to school? If the answer isn't Hah-vard, then it is incorrect."
This girl is on fire 🔥