There is one truth I say over and over again… It’s easy to start a business. It’s WAY harder to make a profitable one. That’s why I think buying a business with existing cashflow is the best choice. I call it acquisition entrepreneurship. If you’re curious about business buying, I’m hosting a free 90 minute class on October 16 @ 11AM CST. You can sign-up through this link! Can’t wait to see you there, we’re bringing the heat 🔥 info.contrarianthinking.co/october-mc
hola, Cody, he visto muchos videos tuyos, tenemos una empresa de manufactura metal mecanica en Monterrey, México, tendrás alguna oportunidad de negocios, fabricamos tanques para industria petrolera. Gracias
Codie can you operate Amazon website?I am willing to pay you 6000 dollars per month if you operate and run my business in USA.I intend to make a football shop in different areas of USA and Europe.
I own 2 laundromats in low income areas. I work about 25 hours a week and gross about 240K a year. I used to work in Sears repairs,, so I saved money by fixing my own machines. Believe it or not, the soap detergent vending machines bring in a good amount as well.
@Tre1214 Laundromats are easy to operate...low overhead, high yield. I bought them from a friend many years ago who retired overseas. Repairs are costly. Try to at least learn the basics. I have bill acceptor machines to exchange for tokens, much better than counting and hauling quarters . My locations are near low income housing and apartments, which are very good for business. Good luck to you.
As an investing enthusiast, I often wonder how top-level investors become millionaires through investing. Buying assets may seem straightforward, but choosing the right stock without a tested plan can be challenging. I've been attempting for some time to increase the size of my $210K portfolio, but the largest obstacle is the absence of clear entry and exit plans. Any guidance in this regard would be much valued.
I'd suggest you discuss with a proper advisor, particularly if you're new at investing or facing uncertainty. I personally have over 180 companies in my portfolio, so if few companies fail, I still have others that can hold me up.
Agreed, investing with the help of an advisor set me up for life. Retired with about $1.6m in stock portfolio only. I worked hard everyday as a teacher for 32 years, and my salary was over 100k annually. Supplementing my income with stocks and alternative investments helped me by far beat the retirement age of 65.
I've worked in real estate for over 25 years and have neglected a major stock portfolio. This served me well when I was flipping and renting houses, however I need a different plan now.. mind if I look up the professional guiding you please?
Teresa L Athas is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Planning ahead can really minimize taxes! I've made a smart reinvestments, especially with some great guidance from a pro for a half year now, and it's been a game changer. I was able to reinvest my RMD strategically, and I'm now pulling in about $25k a week, despite doing very little trading myself. It's a nice cushion against financial stress. Best of luck with your RMD decisions!
I watched this from end to end. Your start up costs are ridiculously low, trucks insurance tools permits labor costs are grossly underestimated! I retired as a Master Electrician with my own business for many years. You don’t just call someone and get a contract ,do the job , and get paid right away. The bigger the job the longer the payment time. And all those recession years when there is less work and more competition can be killers. It took me 8000 hours and 5 years before I could take an all day test for my journeyman license , than another 4 years before I could take my Masters test. I was lucky in that I worked for a company owner who wanted to retire so I bought his business from him. Another 10 years and I owned it free and clear. I saw a lot of people start trade businesses and fail,loose a lot of money when they miscalculated the cost of a job, and lot everything they had worked for. Sometimes it is better to work for someone else and have a normal life with a large paycheck than to be your own boss.
Right on man. Looks like working for someone else just makes more sense because the actual owner will not net a whole lot more in the end. Rare are the exceptions.
Have to agree with your commentary. it is a lot different to work in a company than on a company; and management and sales and operations and finance skills are not evenly distributed among people.
These videos in my opinion are sugar-coated. They are too good to be true. If it's that easy lots of people will start a business. There are many factors you have to have to succeed.
At 2:51 mark: $3,500 x 52 does NOT equal "over $1,000,000." It does equal $180,000 which is only 18% of 1,000,000! $3,500 per DAY does equal more than $1,000,000 per year but it is grossly (pun intended) unrealistic to predicate a revenue stream on working 365 days per year.
The math is so bad, I stopped watching the video. You are correct - and if you take the $3500 a week divided by the average cost to empty a tank ($400), this yields around 9 tanks cleaned a week, vs whatever she was assuming (in a 7-day week 35, 5-day week 25, both at 5 per day). On the cost side, $1400 per day divided by 5 is 280. This yields a gross profit on average of 400-280 or $120 per job, $600 per day. Assuming 245 work days per year (5 times 49) gives you $147k. You have to take fixed costs, taxes out of this, truck depreciation, and any interest if financed. It's a shame this was so poorly done - her message is right about the value of trades but the messaging is lousy.
$3500 a day? Working 5 or 6 days a week. Grossing more than a million dollars a year is NOT a bad deal. Net should be approximately $400K. Shish, I can use $400K/ year. Thanks Codie
I started a gutter cleaning business when I got out of the military. In just a couple of years I was able to buy a new truck, a large piece of property and build a house. The only downside was that it was seasonal and predicated on weather. After 10 years, I had my regular customers, and I no longer had to advertize as all new customers was word of mouth.
Hi! I’m excited to be here in your channel and I’m interested in learning more about investing and saving up for my retirement but am a little confused about the whole process. Any advice or tips to get me started up would be greatly appreciated.
Retirement is now more difficult than it was in the past. I've been saving for a long time instead of investing, and right now I only have about $400K. considering all the inflation, i'm thinking of investing in stocks, i dont just have idea on market strategies.
GThe increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800k
I'm an owner operated pool service and repair company and I net 210k on 35 hours a week with no employees. It's hard on my knees and shoulders and it's hot as balls outside when 115F but it's an easy stress free life.
@@akp41 yes I did. Ideally you want about 2 years experience in the industry before going out on your own. I only do residential. The greatest challenge in the industry is it's a difficult business to scale. Owner operators have the advantage in this industry.
@@laughinggiraffe9176 it wouldn’t even make a dent in the use of regular toilets. So yes they can and probably will. But we’re talking hundreds of millions of toilets
Faith's unique strength lies in her realistic approach which makes her different from other brokers who often set unattainable targets and fall short in delivery.
I have a family member who works on wind turbines. He makes a ton, lives in his truck for the most part and savesaround 95% of his money (he has to travel a lot). He will work 10 years then be set for life retired by 30ish. Not too shabby.
Boilermakers are working in power plants, refineries, chemical plants, etc not putting furnaces in houses. It is hugely equipment intensive and not easily entered into as a small business. Living on the road can take a huge chunk out of your take home pay.
Let’s correct her math on the septic truck: Triple the fuel cost Triple the insurance cost Add in the cost of the truck, truck maintenance, additional government taxes for operating the truck, and consumables, and you’re left with MAYBE $150-$200,000 if you are efficient and not sloppy with how you run the business. Additional note: pretty sure you aren’t allowed to empty grease traps with a sewage truck, not that a sewage truck couldn’t handle the job, but I could be wrong.
Regulations, competition are not Boy Scouts and they don't like new companies furthermore illegal or unethical at least unfair business practices are par for the course. Don't believe me jump with both feet into the business I've worked it when there are a lot of things you did not mention
Thank you!! I had to put down my own startup cuz my wife got sick and needed constant care and a better insurance. So yea the lowest CDL commercial insurance was 1890$ a month. And diesel at the time was upper 5$ it was over 6$ in Florida, which I avoided like the plague
I am a roofer in Arizona. All I want to say is good job young lady. There's a lot of money in trade work. It's real work. Clean money dirty hands. I'm glad that you are letting people know there's real money out here in the real world. Again, good job.
@@Mcmadison-b9y Yes, Roofing and carpentry is construction, and well worth it. If you're wanting to get into construction then carpentry would be the best to start out. If you learn how to build a house you can pretty much do anything in the construction field. Like I said, it's hard work, physically demanding. It also takes smart people to put it all together the right way. It's clean money, and rewarding. I like the fact that I can step back when I'm done and say "look what I just built with my two hands". Once you get good at it you will be in demand. People will always need people to build things. There's very good money in it as well.
Location is a big factor… we just had our septic tank emptied. There was only one in the area (we’re very rural) he was out there within the week and it cost us 250$.
Ditto for lower cost. Quoted $450 to come empty my septic tank. One the the risks that bothers me about this business is having to tell my employees that they could contract Hep-E. I was doing home health care and didn't know that dealing with people's poop (diapers) could carry hepatitis.
Yeah. She didn’t just forget a few. She said something about 100-300 bucks a day for below grade waterproofing. Took the best of the best and compared the worst sit from worst sit. Just really stupid to watch this or even comment on it so I will leave
She forgot to talk about ALL of the administrative legal costs to keep most of these businesses in compliance with state, federal and local laws. Demand for services is high, because people who have both the capital and knowledge to keep regulators at bay is practically nonexistent, and those who are in these professions are such adamant gatekeepers that no one is being allowed to learn enough to replace them.
My advice before jumping into any of these businesses is to call up the owners and ask them with their biggest problem is because I am currently doing that now with the septic guys and they're saying that keeping good guys and finding them is a nightmare as well as the insurance and the liability for the toilets when people use them for things like construction sites and gas stations
Years ago, I had a friend who was a manager at a portable restroom company. He was going through resumes and hesitant to hire people who had felonies. I asked him what a felon was supposed to do if they couldn't even get a job cleaning port-a-potties. He ended up hiring a few guys with records. They were good workers and very loyal. They also gave him some very interesting stories to tell.
I actually looked into septic pumping. They trucks are expensive so you need to include their purchase cost and maintenance and repairs. In our market pumping is going for $500-600 and there are 3 or 4 companies doing it. We also have a shortage of truck drivers since the Lahiana fire, so finding drivers is almost impossible, especially for a shitty job.
@@stephenlewis29 Maui. It could be really good for an owner operator. Trucks break a lot so factor that in. I am guessing it won't take long to need a 2nd truck to cover break downs etc.
I used to be part owner of a daycare in Miami, which I sold my shares entirely to my partner (and sister-in-law) and now she is sole owner and is banking. Good recurring revenue. Great business for women.
Thank for sharing this experience 🙏 I'm also from Miami and constantly thinking of ways to leave something behind for my daughter. Business, assets, etc.
Where the heck are you for a 700-900 tank pump? I just got mine done 3 weeks ago and it was 270 for a 1,000gal. I called multiple other places and it was 270-320.
Dear Mrs. or Miss Codie Sanchez, greetings from Germany. Congratulations on having understood & achieved the following 9 realities: 1. Know the BOX 2. Think outside of the BOX 3. Do NOT reinvent the wheel 4. Use the exsisting wheels 5. Have both feet planted in the harshness of reality 6. Combine: BOX / Think Outside of the BOX / Use Existing wheels / Both feet planted in the harshness of reality 7. Thusly = have a Chance of Survival & Success 8. All is temporary 9. Know when to get out of Dodge Enjoy your existence and have private & business fulfiment with your Business Idea of lending your ideas to others. With respectful and kind regards, Tom
Basement/crawlspace waterproofing/environmental control technician here. Can confirm our company does a lot of stabilization/wood work/foundation repair as additional work when solving the overarching issues. Piering, intellijacks, full floor framing system replacement/repair, and sometimes even completely rebuilding a settled/bowed foundation. Totally right on the nail that every job has to be scoped for specific requirments/different permitting zones which makes it a slight pain. But i love it!
Reality - Cut the salaries she mentions in half due to real world situations like competition, unexpected risk & expenses, Murphy's law, breakage, taxes, legal issues, economy, etc.
That’s probably a safe assumption. That assumes that you get all the jobs every single day that she estimates, but in reality we know business isn’t always that good especially in the beginning, but still even if you cut it in half that’s a pretty good starting number for a lot of people. I think the hardest part for many is getting the business off the ground if you have very little money to invest. Like buying a leasing, a septic tank truck or getting the skills so you know how to waterproof a basement.
Ok but why don’t talk about expenses,,,all these businesses need a big loan money,,has to pay highest %,,yard,,permits, city permits where to drain black water ,maintenance costs, salary for drivers,,a solid contractor or deal when you starting,,,what about other competitors 😮…????….i am trying to do any decent business here florida for no less than 80k annually and is real difficult with this economy ..
Everyone needs to go to business school. The difference between being a wrecker driver and owning a fleet of wreckers is decimal places in terms of income. Think about it.
I think she meant $3500 a day but no one proof read before they hit SEND anymore. But I was always told to estimate conservatively so that you are prepared. So $2800 (4x $700) a day minus $1400 for gas and other expenses gets you $1400 a day x 5 days is $7k. $7k x 50 weeks equals $350k a year once you get going is pretty good, even if you are dealing w S H every day. Buy yourself a truck every year for the next 4 years and you be in the million area. But that's at least a 5 year plan if not 10. Edit: I checked around for prices in the Philadelphia area and it's about $325 forthe service (up 1500 gallons of waste). So if you are doing 5 a day, it's only a lil over $1600. Subtracting gas, truck maintenance, and the dumping fee and you won't have much left. Unless those fees are also overly exaggerated, you aren't making much at all.
@@robertwilson1082 I don't get it... What I wrote prior was based on her statement... I, then, hit the "edit" button to update with new info after further research and not because of an error...
Investing has been rather rewarding to me and I've learned that getting a good return is very much attainable if you know your way around it. Do not let anyone tell you it’s impossible to have a good retirement.
I invested in some stocks myself using pure speculation. Long story short, I blew my account and lost it all. Jonas Herman, a licensed fiduciary is the brain behind my success. I've gotten into a plethora of assets with $13k spread across stocks (options and futures) for the short term and Roth IRA, index funds, and ETFs, for the long term. Now with over 81k in roi, I sit back and just reinvest at intervals while I handle my other career and family.
Unfortunately, not all of us were financially literate early. I was 35 when I finally educated myself and started taking steps. I went from $176,000 in debt with zero savings or retirement to now, 2 years later, fully debt-free and over $1000,000 net worth. I know that doesn't SOUND like a lot, but I'm incredibly proud of it. Now I'm fast-tracking my wealth building (investing $400,000 annually) and don't owe a dime to anyone. It's a good feeling!
Exploring new investment opportunities demonstrates your proactive stance towards financial growth during these volatile times. Diversifying your portfolio can play a crucial role in effectiveIy mitigating risks..
Don’t be confuse buying the dip in a bear market, with guaranteed future returns. Just because that company is down 60%+ from ATH does NOT make it a sound long-term investment. Make sure you’re investing in great companies. kudos to Adriana Catherine
My neighbor was a millionaire and I asked her how.. she said her dad owned a construction business and left it to her when he got sick. Then she ran it.
You’re absolutely right. Your comment sent me to his page and she simply “copied and pasted “ his whole video with a hint of paraphrasing smh lol ridiculous…good call out bud 👏🏽👍🏽
you had to retire early and give way and train the newbies . Most trade jobs are filled with bad work because the mentors are rude no patience to train freshers. Any work had to be done with love and care. . If you had enough money then people start to take a back seat and don't care about others. thats the reality why we had bad people at work no skill just market is flooded with unskilled and what is left over
I am 59 years old Ben in the trades all my life, I had a professional painting company , took m years of back baking work to get the, then I own a motocross tack, all those years painting , I always lifted weights bicycled for years, and rode dirt bikes like made , so owning the motocross track , came from years years of training , next I got into land Laing and excavation, spent years upon years on heavy equipment, that’s how I got into , heavy equipment, point is it takes years upon years of doing the same thing to become good at some thing, then there are cost invovld with any trade, and never enough equipment, that are always variables, that can stop you from doing any thing , health, so nothing is fool proof, especially if there are work and recession factors, that there can destroy your money flow, so nothing is set in stone, failure is part of the game
Yes, but you can’t just get into and be on the road to big paychecks and running your own business. It’s a challenging, but rewarding apprenticeship. You need to work in the trade for at least 10 years to even have a fraction of the knowledge to be able to properly understand, work on, or even sell yourself or the product to customers. Source: I am a 20 yr journeyman in the industry.
And really difficult to break into the business, due to union control in every urban city. Family and friends are brought in and if you aren’t in their club, good luck!
Heres a tip. States are changing their rules and are included small equipment in yearly safety inspections. There millions of pieces of quipement that has never been mandatory
2:53 -- 5 Septic Tank Pumpouts/Day = $3500/week X 52 weeks = "over a $million in revenue/year" WRONG! That equals $182,000/year. What you really mean is $3500/DAY (not per week). And, in my area of central FL, they charge $300 per pumpout, not $700.
This is the same chick who get on the internet and tells everyone "She's a millionaire" 😂 I wonder if she calculates her net worth the same way she does math here 😢😂
I own a mysterious issues business. My annual income is in the 250-300k range. Example, a retired couple hears water running at odd times. They replaced all the toilets and the issue was still occurring. The new toilets were checked by several different plumbers and there were no issues with the toilets, or any other plumbing. If you want to know what the issue was, ask me.
I work with plumbers who make 5 to 10 grand a week. They work hard and I wouldn't want to do it, but if you've got the drive you can make good money as a plumber...
I was a Millwright for decades and the nice thing is once your body can not handle the hard work you can shift to other related fields. I have worked for OEMs and now specialize in equipment reliability. (Certified as a Vibration Analyst and Machinery Lubrication Analyst)
@@TheHighsmith8 I don't associate with fraudsters. But why are you so butthurt? Are you a thin blue criminal engaging in piracy and treason against the people pretending statutes are laws and that you're some kind of hero, or are you an HVAC guy trying to convince people that they need to pay you $650 for a $10 part, like a start capacitor? LOL
I like double dipping; run a diesel repair place and have them fix all your fleet trucks for your light swap business. Then open a carwash to keep the trucks clean. :p
One good career is auto paint booth installer, repairer and cleaner. I know someone who did that and they would call him from several states away because there is only like one or two other people who do it in that region of the country. He recently retired. So, it' s pretty open now. No one has this experience.
You really underestimated the costs of materials and equipment for the basement jobs. It’s also exhausting work, so 6 days a week would not be sustainable. You would have to scale up and hire employees to do a lot of the work. Sure you can do that 5 days a week in your 20s, but then your back and knees gives out in your 30s. By your 50s it’s all surgery: shoulders, back, knees.
Love this vid. Being an OTR truck driver I had no idea about the septic tank business. I could do that in my sleep. Also had no idea you could make that much money being local like that. I might look into septic tank here in Tuscaloosa AL.
It is imperative to engage in a work schedule comprising six days per week, with a daily income of 3500, in order to achieve the desired financial outcomes.
my daughter is a millwright and she does make lots of money. She works for a union and they get the jobs and sends her out to each .She has no start up cost as the union paid for her to go to school, she got the first year of schooling while she was in highschool through our school district program . Many of the jobs let you keep the tools at the end of the job and they supply the tools.This is in Canada and may work different in other countries. She could definitly start her own business once she is ready.
Possible to create a video on Digital Products, please? i.e. if there is any demand, different types of digital products that have demand, platforms to sell on, revenue etc.
Well Miss Codie 50 years ago I worked in the elevator business and I can tell you an elevator mechanic EARNS his money....may I say that a forklift mechanic does very well too....thank you for this video
I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Elena Stein
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.
The first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional.
Isn't that the same Mrs Elena Stein I'm new at this, please how can I reach her? that my neighbours are talking about, she has to be a perfect expert for people to talk about her so well
Good info except the elevator trade is super specialized and unionized. The elevator trade is buttoned up 100% if you wanna work on elevators go in the apprenticeship program.
Gutter installation costs about 10k for a machine. You can install 300-600 ft/day at a cost of about $1.50/ft for supplies and materials and a selling price of $6/ft making a daily net of $1800-3600 and a gross of $1350-2700/ day. The start up cost is much cheaper than a septic truck and you don't need a class 3 license.
2:50 52 weeks. In the real world we basically get 47 weeks average best due to holidays if your fleet is in support of conventional contractor scheduling/availability and access. But as you point out, certain niche units will work 52 weeks per year and can/will include holidays. Markets like oil fields etc are 24/7. Excellent presentation!
Codie, thanks for doing all you can to inform people on this idea. Meaning College or " going to University", is not absolutly necessary to make a good living. Yes Trades etc. Often take certifications or licenceses, but the time and money is far less by comparison..
There is a misconception out there about technicians. They are born with the unique talent that gives them the ability to perform nearly all technician work. A similar person would be a music artist, who is born with the musical talent to produce very good music. Plain humans cannot be trained to be technicians, the work will overstress their minds and they will eventually return to plain human work.
THIS is so true. There has to be an element of 'liking' what we do, or being a 'fit' for what we do or it's going to be a bust. Nothing is going to push us forward through the hard times. At the end of the day money only motivates sooo much.
Military personnel was trained to perform in classrooms, garages, on site, on time, pen in hand, ready for hands on, relevant subject matter. Their are ready to absorb tasks, conditions to incl extreme) and STANDARDS. If the trainer is late or sick, that G.I. Male or female, will be ready to step up, gain control and even go over past info until properly relieved. Sadly, private sector companies look at “delimitating” factors of candidates instead of the content of their character for SOLID team building.
She didn't even factor in any of the tools us mechanics need (industrial mechanic myself). Just the basics cost around 1000$+/- and way more if you are repairing equipment.
I have an offer right now for diesel tech at $15/hr if I stick with it, it goes up to 24/hr. I'm going to turn it down wtf is going on that this used to be a high paying job and now you can make more driving door dash??
I have an offer I'm about to turn down $15/hr for apprentice, tops out $24/hr if I stick with it and don't get blown up by a tire, hit by a truck, or fall off the lift. Are they all low paying like this? WTF is going on I thought this was a good career path
I'm a power plant mechanic. Or, boiler steamfitter mechanic. We gross about $125K per year. I've worked in this industry for nearly 14 years and it's extremely hard work! A first class boiler license is required to work in my power plant because it's a skilled trade career. But, the company trains and assists new employees obtain their licenses if hired. In the power plant, we have rigger mechanics, machinist mechanics, boiler steamfitter mechanics and welder mechanics. In the Midwest, we're amongst some of the highest paid skilled trade workers in the power generation industry next to the power plant electricians. I'd love to see a video about Midwest power generation mechanics. That shows the ups and downs of our industry someday.
Thank you for promoting the trades. Education is great, but there needs to be a clear objective in order to make adequate use of and general satisfaction with a degree. I've known a number of people who had degrees from such places as MIT going on to careers that were completely different from the education they received and often in relatively low paying jobs. I've also known many people who were quite successful with only two year technical programs to seek employment. And there are many opportunities even without certificates. Do yourself a favor and research potential career paths as much as possible. Even talk to people in the areas of interest to ask what it's like. Also ask yourself about preferences regarding relative comfort in various careers. Answer honestly. Are you ok with outdoor work where you will be subject to poor weather conditions? Are you willing to be on call? Are you squeamish in any way? Are you willing to live with certain unpleasantnesses such as odor, including some that you'll go home with? There are many other factors, but those questions are a good starting point. Best wishes with your planning and hopeful success.
I saw you do a short on RUclips, but I didn't know you actually gave great business tips! Excellent work. -Plumber here P.S that 3,500 must be for no sick days & off time. Great other wise.
Did you get a quote on that porta potty insurance? It’s more than auto insurance for $100, it requires general liability and also workman’s comp if you are staffing that many dumps.
Former Street LIght manager for a large city here. The maintenance costs are now going way down with the advent of LED street lights. With the former ones, sodium based, you really needed to relamp them every 3 to 4 years on schedule. With LED lights, every 10 to 15 years. Now, if you do more than maintenance, such as lighting design you can make more money. Installing the lighting even replacements requires a licensed electrician as well as you are dealing with high voltage gear...Not something you can just do yourself. Then, there are Union possible issues.
Good information from a business perspective. Some of the jobs you are describing are not skilled trades. As far as skilled trades you are downplaying the most important part which is training and experience. You should have done more research on the training requirements. A millwright apprenticeship is not a 3 or 4 years as you said. The biggest part of any skilled trades is the experience. One of the reasons there is such high demand for skilled trades is good majority of the current workers are retiring. Even if younger people showed interest it will be at least 5 years before any would have the experience required to run their own company.
Afford to put up a good size building and not pay rent in a busy area a laundromat if there’s not any nice laundromats in the area if you put in a nice laundromat, you can turn a shit ton of money out of the laundromat, but the machines in the building are huge startup cost expenses. But if someone rolled into enough money to get started, it would be a cash cow. You can hire a few employees to maintain the building and put in a surveillance system. The employees could even do peoples clothes for them like a fluff and fold set up for extra income.
I honestly can listen to you for hours daily and never bother watching sports events. You seem to teach me something new on all your videos even if I don't have any attention of operating any of these business. By the way I used to own rentals and did all the remodeling and maintenance by myselve by buying my own pressure washer and heavy duty electric snake to unclog my rentals sewer instead waiting for Roto Rooter for a whole day to show up late and give me an invoice of $500 or more.
I work w graders, plumbers, masons, electricians, HVAC techs, GC's, etc. Most of them are over 50 yrs old and a couple are in their 40s. We don't have any young tradesmen that are business owners. Hell, even most of their crews are 40 or older. Sure they have some in their 20s and 30s but not like it used to be in the 90s and early 2000s. I hope my son tells me he wants to go to a trade school for college not your typical college. If he does I'll pay for it but if he wants to go to your run of the mill community college or university, the $$$ is on him.
@@yakk720 started out as a rodman, carrying equipment, doing the manual labor. Learned how to use the equipment and learned all the math. Just kept moving up from there.
Just on the job training no trade school? Dam I’m looking it up seems some what simple; measuring,mapping establishing boundaries for construction sites etc …I’m look up whats in FL as we speak
Septic tanks and lids are not always that easy to find. Sometimes they are down deep and you may have to dig maybe two feet down. If that means tree roots you might spend a half day or even a full day .The older tanks have a huge concrete lid not an access plug. Getting your equipment set up and then put away could be an hour or more. Depending on how far away you have to park the truck. I would say on average you might get Two on a good day.
Always fun when the tank 2 compartment each hole 2ft each. Rocky soil, tank at the bottom of A hill. Heavy soilds,wipes grease, the customer hasn't cleaned it in 20 years. Good time's 😅 best part, some rich snob doesn't even appreciate your dedication.
Diversification is the secret to optimal performance. This is why I have my interests set on market sectors based on performance and projected growth, such as the EV sector, renewable energy, Tech, and Health. Keep investing regularly and you'll be blown away how much it can change in a few short years. Here's to $1 million and to FIRE
The financial market is a reliable choice. Diversify your portfolio with I-bonds, stocks (ETFs, REITs, dividend-paying stocks), and bitcoin. Given your budget, I recommend hiring a fiduciary to ensure you receive professional insights for a fee.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? I'm in dire need of proper portfolio allocation
Stacy Lynn Staples is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.
Stacey's understanding of market indicators is impressive. She knows exactly when to enter and exit trades for maximum profit. her signals are top notch .
I just stumbled across your page and your math is WAAAYYY off 3500 x 52 is 182K, that's 5 days a week with no holiday, working over 10 hours a day excluding travel!!!!
@Codie If your staff goes through these comments and revise this video then you may very well create some good options for people looking for a change of career or business to start! These jobs need good, honest people and they'd have a great source of referrals!!!
I don't know where you are located but in my area a single 1,000 tank is like $300. I used to pump septic and doing two 1,000 gallon tanks at the same house with new having to dig to the lid was under $500. Also depending on your truck you may need a CDL to drive the truck. Getting a CDL now is going to run you around 4 to 5 grand
We Are in Unchartered Financial Waters! every day we encounter challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly. Given the current economic difficulties that the country is experiencing in 2024, how can we enhance our earnings during this period of adjustment? I cannot let my $680,000 savings vanish after putting in so much effort to accumulate them.
Keeping some gold is usually a wise decision. You would be better off keeping away from equities for a bit or, even better, seeking advice from an expert given the current market conditions and everything that is at risk with the current economy.
Thats sad you really hurting. But, what about people that don't have a $1000 dollars or living pay check to pay check. And Kamala taking their tax dollars to feed illegals, Medicare and social security. And to mention $25,000 to build a home. Maybe you should give them several grand of that $680, 000 to build them a home. Vote Trump and fix the problem.
You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst
So I owned a ASME code shop, had a S, R and U stamp its not easy to get, very expensive. Finding the quality of an employee who can do the job correctly is difficult. A lot of guys say the can pass a weld test most cant but someone who can competently do the work can earn around 200k a year with a good work ethic.
Codie Sanchez, several problems with this concept (Learn, Earn, Own). Most small businesses fail in the first year. There are few original ideas. There is a lot of market saturation. Not everyone is an entrepreneur and made of money. The numbers you quote are grossly inaccurate.
![Businesses that Always Fail? 7 Businesses with Shockingly High Failure Rates [Backed by Data]](http://i.ytimg.com/vi/WTDYuRVZDbo/mqdefault.jpg)
There is one truth I say over and over again… It’s easy to start a business. It’s WAY harder to make a profitable one. That’s why I think buying a business with existing cashflow is the best choice. I call it acquisition entrepreneurship. If you’re curious about business buying, I’m hosting a free 90 minute class on October 16 @ 11AM CST. You can sign-up through this link! Can’t wait to see you there, we’re bringing the heat 🔥 info.contrarianthinking.co/october-mc
hola, Cody, he visto muchos videos tuyos, tenemos una empresa de manufactura metal mecanica en Monterrey, México, tendrás alguna oportunidad de negocios, fabricamos tanques para industria petrolera. Gracias
A lot of different businesses knowledge KOO
Codie can you operate Amazon website?I am willing to pay you 6000 dollars per month if you operate and run my business in USA.I intend to make a football shop in different areas of USA and Europe.
I own 2 laundromats in low income areas. I work about 25 hours a week and gross about 240K a year. I used to work in Sears repairs,, so I saved money by fixing my own machines. Believe it or not, the soap detergent vending machines bring in a good amount as well.
I’m actually actively in the process of starting a laundromat business, very excited. Would love to connect with you on a few pointers and advise
@Tre1214 Laundromats are easy to operate...low overhead, high yield. I bought them from a friend many years ago who retired overseas. Repairs are costly. Try to at least learn the basics. I have bill acceptor machines to exchange for tokens, much better than counting and hauling quarters . My locations are near low income housing and apartments, which are very good for business. Good luck to you.
@@sonder007can you pass down one of the laundry mats to me?
What city do you live in
I hope you don’t live in the NYC area, laundromat owners get robbed like crazy now
As an investing enthusiast, I often wonder how top-level investors become millionaires through investing. Buying assets may seem straightforward, but choosing the right stock without a tested plan can be challenging. I've been attempting for some time to increase the size of my $210K portfolio, but the largest obstacle is the absence of clear entry and exit plans. Any guidance in this regard would be much valued.
I'd suggest you discuss with a proper advisor, particularly if you're new at investing or facing uncertainty. I personally have over 180 companies in my portfolio, so if few companies fail, I still have others that can hold me up.
Agreed, investing with the help of an advisor set me up for life. Retired with about $1.6m in stock portfolio only. I worked hard everyday as a teacher for 32 years, and my salary was over 100k annually. Supplementing my income with stocks and alternative investments helped me by far beat the retirement age of 65.
I've worked in real estate for over 25 years and have neglected a major stock portfolio. This served me well when I was flipping and renting houses, however I need a different plan now.. mind if I look up the professional guiding you please?
Teresa L Athas is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
excellent share, Just looked up her name and spotted her consulting page ranked top. after reviewing her credentials i reached out to her.
Planning ahead can really minimize taxes! I've made a smart reinvestments, especially with some great guidance from a pro for a half year now, and it's been a game changer. I was able to reinvest my RMD strategically, and I'm now pulling in about $25k a week, despite doing very little trading myself. It's a nice cushion against financial stress. Best of luck with your RMD decisions!
25k a week? Amazing! how did you get started?
I signed up for a 1-on-1 trading session. It's like copy trading, but with personalized guidance.
the session was secure and a supportive way to improve your trading skills while earning, the best part is there's no upfront payment required at all
Honestly I really need help learning to trade. Seeing my portfolio low makes me very sad.
I suggest consulting with Patricia for guidance, This way you can get strategies designed to address your unique long/short-term goals
I watched this from end to end. Your start up costs are ridiculously low, trucks insurance tools permits labor costs are grossly underestimated! I retired as a Master Electrician with my own business for many years. You don’t just call someone and get a contract ,do the job , and get paid right away. The bigger the job the longer the payment time. And all those recession years when there is less work and more competition can be killers.
It took me 8000 hours and 5 years before I could take an all day test for my journeyman license , than another 4 years before I could take my Masters test. I was lucky in that I worked for a company owner who wanted to retire so I bought his business from him. Another 10 years and I owned it free and clear.
I saw a lot of people start trade businesses and fail,loose a lot of money when they miscalculated the cost of a job, and lot everything they had worked for.
Sometimes it is better to work for someone else and have a normal life with a large paycheck than to be your own boss.
Right on man. Looks like working for someone else just makes more sense because the actual owner will not net a whole lot more in the end. Rare are the exceptions.
Have to agree with your commentary. it is a lot different to work in a company than on a company; and management and sales and operations and finance skills are not evenly distributed among people.
Profits are far better than wages .. most people don’t understand it’s not what you make it’s what you keep
These videos in my opinion are sugar-coated. They are too good to be true. If it's that easy lots of people will start a business. There are many factors you have to have to succeed.
@@chom09 She needs to sell her bizscout thing. And of course it’s hard, it’s supposed to be hard.
At 2:51 mark: $3,500 x 52 does NOT equal "over $1,000,000." It does equal $180,000 which is only 18% of 1,000,000! $3,500 per DAY does equal more than $1,000,000 per year but it is grossly (pun intended) unrealistic to predicate a revenue stream on working 365 days per year.
The math is so bad, I stopped watching the video. You are correct - and if you take the $3500 a week divided by the average cost to empty a tank ($400), this yields around 9 tanks cleaned a week, vs whatever she was assuming (in a 7-day week 35, 5-day week 25, both at 5 per day). On the cost side, $1400 per day divided by 5 is 280. This yields a gross profit on average of 400-280 or $120 per job, $600 per day. Assuming 245 work days per year (5 times 49) gives you $147k. You have to take fixed costs, taxes out of this, truck depreciation, and any interest if financed. It's a shame this was so poorly done - her message is right about the value of trades but the messaging is lousy.
Welcome to the world of B.S. influencers.
$3500 a day? Working 5 or 6 days a week. Grossing more than a million dollars a year is NOT a bad deal. Net should be approximately $400K. Shish, I can use $400K/ year. Thanks Codie
I was just coming to say this!
I immediately did the math when she said that and was like WTF?
I started a gutter cleaning business when I got out of the military. In just a couple of years I was able to buy a new truck, a large piece of property and build a house. The only downside was that it was seasonal and predicated on weather. After 10 years, I had my regular customers, and I no longer had to advertize as all new customers was word of mouth.
Have you thought about doing gutter installs and repairs, seems like a good business as well.
Did you do yourself or you hired people doing it?
Where at, I'm a Vet and looking to start something similarly.
2:55 $3500 a week = $1+ million a year? Something doesnt sound right.
@@truyentruong9015 Its new math - taught to immigrants, walmart greeters, burger flippers, and basketball players.
Hi! I’m excited to be here in your channel and I’m interested in learning more about investing and saving up for my retirement but am a little confused about the whole process. Any advice or tips to get me started up would be greatly appreciated.
Retirement is now more difficult than it was in the past. I've been saving for a long time instead of investing, and right now I only have about $400K. considering all the inflation, i'm thinking of investing in stocks, i dont just have idea on market strategies.
GThe increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800k
Mind if I ask you to recommend this particular coach you using their service?
Her name is Patricia Strain. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
I'm an owner operated pool service and repair company and I net 210k on 35 hours a week with no employees. It's hard on my knees and shoulders and it's hot as balls outside when 115F but it's an easy stress free life.
Did you work for a company first to learn the ropes? Do you service, commercial and residential? What’s the greatest challenge in the industry?
@@akp41 yes I did. Ideally you want about 2 years experience in the industry before going out on your own. I only do residential. The greatest challenge in the industry is it's a difficult business to scale. Owner operators have the advantage in this industry.
@@ryanstand3999 thank you for responding … I currently have a small business in SC. But I’m looking to transition into something else.
@@ryanstand3999 Thank you
😂😂You have my vocabulary and knees!!!🤠👊😂
The fact that nobody talks about the book Matrix Golden Cashflow Tactics, speaks volumes why people dont earn a lot of money..
What has that book done for you?…
Where do you buy the book?
Shut up already!!!
people never stop crapping. its a fact
Reading this comment and in fact doing the deed right now.
@@jnero8141me to 😂
They could just make compost toilets, though.
@@laughinggiraffe9176 it wouldn’t even make a dent in the use of regular toilets. So yes they can and probably will. But we’re talking hundreds of millions of toilets
🤔
*Successful people don't become that way overnight. What most people see as wealth, a great career, purpose is the result of hard work. 🤑🤑*
Well I must say people are scared because there are so many unprofessional brokers out there.
It's wise to seek professional guidance when building a strong financial portfolio due to it's complexity.
I think I'm blessed if not I wouldn't have met someone who is as spectacular as expert Faith Reece
Faith's unique strength lies in her realistic approach which makes her different from other brokers who often set unattainable targets and fall short in delivery.
Talking to an expert like Faith Reece to reshape your portfolio is a very smart move
I have a family member who works on wind turbines. He makes a ton, lives in his truck for the most part and savesaround 95% of his money (he has to travel a lot). He will work 10 years then be set for life retired by 30ish. Not too shabby.
I know a few wind guys like this. Their perdiem is on the higher end of the scale too. All pocketed money
What kind of annual income are we talking? How many days of a month is booked?
How much are we talking about.? 300k net?
The schooling seemed expensive
Did he go to college . ?
Boilermakers are working in power plants, refineries, chemical plants, etc not putting furnaces in houses. It is hugely equipment intensive and not easily entered into as a small business. Living on the road can take a huge chunk out of your take home pay.
Yup. Not to mention how physically hard tank building is!
@@Prince_Jameson it wouldn’t be bad if wasn’t for these F&$:& boards! Barney Fife on scaffold planks😎
@@charlesmckinley29 oh yeah, jumping scaffold can be brutal! Especially those 12’ boards
@@Prince_Jameson 👍🏻
Let’s correct her math on the septic truck:
Triple the fuel cost
Triple the insurance cost
Add in the cost of the truck, truck maintenance, additional government taxes for operating the truck, and consumables, and you’re left with MAYBE $150-$200,000 if you are efficient and not sloppy with how you run the business.
Additional note: pretty sure you aren’t allowed to empty grease traps with a sewage truck, not that a sewage truck couldn’t handle the job, but I could be wrong.
We dont like the sound of 150k to 200k???? I do.
Yep. I ran the numbers on this and decided to walk away. Lots of expenses.
It's just a vac truck it will suck up anything. Sewage,mud,water ECT. You can legally haul anything in it except hazmat products.
Regulations, competition are not Boy Scouts and they don't like new companies furthermore illegal or unethical at least unfair business practices are par for the course. Don't believe me jump with both feet into the business I've worked it when there are a lot of things you did not mention
Thank you!! I had to put down my own startup cuz my wife got sick and needed constant care and a better insurance. So yea the lowest CDL commercial insurance was 1890$ a month. And diesel at the time was upper 5$ it was over 6$ in Florida, which I avoided like the plague
I am a roofer in Arizona. All I want to say is good job young lady. There's a lot of money in trade work. It's real work. Clean money dirty hands. I'm glad that you are letting people know there's real money out here in the real world. Again, good job.
How is roofer in Arizona.. what are the maths for decent quality life?
Are roofers in same class to carpentry? Please is carpentry worth it?
@@Mcmadison-b9y Yes, Roofing and carpentry is construction, and well worth it. If you're wanting to get into construction then carpentry would be the best to start out. If you learn how to build a house you can pretty much do anything in the construction field. Like I said, it's hard work, physically demanding. It also takes smart people to put it all together the right way. It's clean money, and rewarding. I like the fact that I can step back when I'm done and say "look what I just built with my two hands". Once you get good at it you will be in demand. People will always need people to build things. There's very good money in it as well.
@@b.r.3724 You're definitely a MENTOR." Thanks a lot for encouraging me today.
@@b.r.3724 sorry, i forgot to ask....is there technical school for Carpentry? Or what's the best way to learn?
*Thank you😊 for this video, do you offer account management or have any recommendations?*
As a beginner investor, it's essential for you to have a guide. Myself I'm guided by Mrs Victoria Walters Hayward, a widely known consultant
If you’re using a good manager, it’s easier to earn from the market
That's true. a lot of people today have been
having lots of disappointments in trading in light of helpless direction and awful consultants
I've been trying to trade but I keep making losses and it's frustrating
Could you suggest a consultant for me?
Location is a big factor… we just had our septic tank emptied. There was only one in the area (we’re very rural) he was out there within the week and it cost us 250$.
Ditto for lower cost. Quoted $450 to come empty my septic tank. One the the risks that bothers me about this business is having to tell my employees that they could contract Hep-E. I was doing home health care and didn't know that dealing with people's poop (diapers) could carry hepatitis.
That's why you get vaccinated for hep when working with sewage.
I'm in North Central Michigan, I'm seeing about $400 to $450 to pump my septic
You forgot about administrative costs such as bookings, bookkeeping & the capital depreciation of equipment.
Yeah. She didn’t just forget a few. She said something about 100-300 bucks a day for below grade waterproofing. Took the best of the best and compared the worst sit from worst sit. Just really stupid to watch this or even comment on it so I will leave
She forgot to talk about ALL of the administrative legal costs to keep most of these businesses in compliance with state, federal and local laws. Demand for services is high, because people who have both the capital and knowledge to keep regulators at bay is practically nonexistent, and those who are in these professions are such adamant gatekeepers that no one is being allowed to learn enough to replace them.
The businesses that don’t return calls are able to keep some of the administration costs down.
My advice before jumping into any of these businesses is to call up the owners and ask them with their biggest problem is because I am currently doing that now with the septic guys and they're saying that keeping good guys and finding them is a nightmare as well as the insurance and the liability for the toilets when people use them for things like construction sites and gas stations
Years ago, I had a friend who was a manager at a portable restroom company. He was going through resumes and hesitant to hire people who had felonies. I asked him what a felon was supposed to do if they couldn't even get a job cleaning port-a-potties. He ended up hiring a few guys with records. They were good workers and very loyal. They also gave him some very interesting stories to tell.
@@nleem3361someone gotta give them a chance
I actually looked into septic pumping. They trucks are expensive so you need to include their purchase cost and maintenance and repairs. In our market pumping is going for $500-600 and there are 3 or 4 companies doing it. We also have a shortage of truck drivers since the Lahiana fire, so finding drivers is almost impossible, especially for a shitty job.
Where are you out of? I'm in Tuscaloosa AL. I'm an OTR driver and never thought about this til today. Seems lucrative
Don't forget mob dues.
Their going to want their cut.
@@stephenlewis29 Maui. It could be really good for an owner operator. Trucks break a lot so factor that in. I am guessing it won't take long to need a 2nd truck to cover break downs etc.
I used to be part owner of a daycare in Miami, which I sold my shares entirely to my partner (and sister-in-law) and now she is sole owner and is banking. Good recurring revenue. Great business for women.
Thank for sharing this experience 🙏 I'm also from Miami and constantly thinking of ways to leave something behind for my daughter. Business, assets, etc.
Where the heck are you for a 700-900 tank pump? I just got mine done 3 weeks ago and it was 270 for a 1,000gal. I called multiple other places and it was 270-320.
In the northeast its around that 700-900 price range. Im in MA and thats just about what you’ll pay here
@@AndresOrantes I'm in one of the most expensive counties (Fairfield, CT) and it cost me $380 to pump a 1000 gallon
@@jonasf4065 really?? I mean generally MA is more expensive than CT but thats still a huge difference
$300 average in Illinois
It’s closer to a thousand in Oregon.
Dear Mrs. or Miss Codie Sanchez,
greetings from Germany.
Congratulations on having understood & achieved the following 9 realities:
1. Know the BOX
2. Think outside of the BOX
3. Do NOT reinvent the wheel
4. Use the exsisting wheels
5. Have both feet planted in the harshness of reality
6. Combine: BOX / Think Outside of the BOX / Use Existing wheels / Both feet planted in the harshness of reality
7. Thusly = have a Chance of Survival & Success
8. All is temporary
9. Know when to get out of Dodge
Enjoy your existence and have private & business fulfiment with your Business Idea of lending your ideas to others.
With respectful and kind regards,
Tom
Basement/crawlspace waterproofing/environmental control technician here. Can confirm our company does a lot of stabilization/wood work/foundation repair as additional work when solving the overarching issues. Piering, intellijacks, full floor framing system replacement/repair, and sometimes even completely rebuilding a settled/bowed foundation. Totally right on the nail that every job has to be scoped for specific requirments/different permitting zones which makes it a slight pain. But i love it!
Reality - Cut the salaries she mentions in half due to real world situations like competition, unexpected risk & expenses, Murphy's law, breakage, taxes, legal issues, economy, etc.
Not if you're an employee.
Goodluck, getting and keeping employees under 30 years old.
@@stewartbailey6866pay them normally and give them the idea as if they have freedom and they’ll never leave you.
That’s probably a safe assumption. That assumes that you get all the jobs every single day that she estimates, but in reality we know business isn’t always that good especially in the beginning, but still even if you cut it in half that’s a pretty good starting number for a lot of people. I think the hardest part for many is getting the business off the ground if you have very little money to invest. Like buying a leasing, a septic tank truck or getting the skills so you know how to waterproof a basement.
Ok but why don’t talk about expenses,,,all these businesses need a big loan money,,has to pay highest %,,yard,,permits, city permits where to drain black water ,maintenance costs, salary for drivers,,a solid contractor or deal when you starting,,,what about other competitors 😮…????….i am trying to do any decent business here florida for no less than 80k annually and is real difficult with this economy ..
Everyone needs to go to business school. The difference between being a wrecker driver and owning a fleet of wreckers is decimal places in terms of income. Think about it.
People don’t think out the box!
I think she meant $3500 a day but no one proof read before they hit SEND anymore. But I was always told to estimate conservatively so that you are prepared. So $2800 (4x $700) a day minus $1400 for gas and other expenses gets you $1400 a day x 5 days is $7k. $7k x 50 weeks equals $350k a year once you get going is pretty good, even if you are dealing w S H every day. Buy yourself a truck every year for the next 4 years and you be in the million area. But that's at least a 5 year plan if not 10.
Edit: I checked around for prices in the Philadelphia area and it's about $325 forthe service (up 1500 gallons of waste). So if you are doing 5 a day, it's only a lil over $1600. Subtracting gas, truck maintenance, and the dumping fee and you won't have much left. Unless those fees are also overly exaggerated, you aren't making much at all.
You proved your own point. Noone proof READS before they hit send. Haha sorry, had to.
@@robertwilson1082 I don't get it...
What I wrote prior was based on her statement...
I, then, hit the "edit" button to update with new info after further research and not because of an error...
@truyentruong9015 you put "noone proof read" not "proof reads"
@@robertwilson1082 Got me there!
Investing has been rather rewarding to me and I've learned that getting a good return is very much attainable if you know your way around it. Do not let anyone tell you it’s impossible to have a good retirement.
Not everyone is as lucky as you are you know. How are you doing it?
I invested in some stocks myself using pure speculation. Long story short, I blew my account and lost it all. Jonas Herman, a licensed fiduciary is the brain behind my success. I've gotten into a plethora of assets with $13k spread across stocks (options and futures) for the short term and Roth IRA, index funds, and ETFs, for the long term. Now with over 81k in roi, I sit back and just reinvest at intervals while I handle my other career and family.
To me, investing is not worth it and I know that's the same mindset holding me back from taking a step forward in my finances. It’s all gambling.
I’ll be clocking 47 soon and I want to put my finances in order and make better investment decisions. How can I get through to him?
Hermanw jonas that’s his gmail okay
A good friend from hs took over his dad's septic tank business and he makes loads of money.
a shit load of money?
I am looking for a job but have no experience im from Cali
Appreciate it thanks!
Unfortunately, not all of us were financially literate early. I was 35 when I finally educated myself and started taking steps. I went from $176,000 in debt with zero savings or retirement to now, 2 years later, fully debt-free and over $1000,000 net worth. I know that doesn't SOUND like a lot, but I'm incredibly proud of it. Now I'm fast-tracking my wealth building (investing $400,000 annually) and don't owe a dime to anyone. It's a good feeling!
I want to start too but i don't know how..
Lol, what strategy do you use please?
Exploring new investment opportunities demonstrates your proactive stance towards financial growth during these volatile times. Diversifying your portfolio can play a crucial role in effectiveIy mitigating risks..
Don’t be confuse buying the dip in a bear market, with guaranteed future returns. Just because that company is down 60%+ from ATH does NOT make it a sound long-term investment. Make sure you’re investing in great companies. kudos to Adriana Catherine
Nice to see you talking about her, sHe is really amazing, she has amazing skills, she changed my 0.3 BT C to 1.9 BT C ......
I created a cleaning company back in 2022 and now Im on $800 profit a day 😊
How has this process been for you? I’ve been trying to do this myself? How did you get your first contract?
My neighbor was a millionaire and I asked her how.. she said her dad owned a construction business and left it to her when he got sick. Then she ran it.
So irrelevant
@@JayandLisaIkr.. what does OP comment have to do with anything😂
Lmao😂
Sounds about right
What? 😂
Basement waterproofing is super labor intensive!!
I aint one to make comments but she just copied Adam Zwinglers video. Title, thumbnail and even the bad math. No shame at all.
💯💯
WTF is this she has more views than him more likely he did copied her stop hating goofball.😅
@@makomuse6202 his video came out like 9 plus months ago. What are you talking about?
@@makomuse6202 being a woman gets you more views
You’re absolutely right. Your comment sent me to his page and she simply “copied and pasted “ his whole video with a hint of paraphrasing smh lol ridiculous…good call out bud 👏🏽👍🏽
Trades make money. But the price is the work it can do to your body. Just a con to the pro
you had to retire early and give way and train the newbies . Most trade jobs are filled with bad work because the mentors are rude no patience to train freshers. Any work had to be done with love and care. . If you had enough money then people start to take a back seat and don't care about others. thats the reality why we had bad people at work no skill just market is flooded with unskilled and what is left over
@@usercc-t6u very true
I am 59 years old Ben in the trades all my life, I had a professional painting company , took m years of back baking work to get the, then I own a motocross tack, all those years painting , I always lifted weights bicycled for years, and rode dirt bikes like made , so owning the motocross track , came from years years of training , next I got into land Laing and excavation, spent years upon years on heavy equipment, that’s how I got into , heavy equipment, point is it takes years upon years of doing the same thing to become good at some thing, then there are cost invovld with any trade, and never enough equipment, that are always variables, that can stop you from doing any thing , health, so nothing is fool proof, especially if there are work and recession factors, that there can destroy your money flow, so nothing is set in stone, failure is part of the game
@@doublejump6578should’ve spent some of that time learning to read and write ffs
Not sure Im following the math at the 2:50 mark. $3500 a week X 52 does not equal $1M + It equals 182K. Am I missing something?
She meant 3500 aday ×365
My three favorite channels: Codie Sanchez, Stock Brotha, & How Money Works. Make my week complete! 🔥 🔥 🔥
I’ll need to look into the other two channels.
Elevator & Escalator mechanic pays really really good
I feel like I use one of these at least once a week.
Yes, but you can’t just get into and be on the road to big paychecks and running your own business. It’s a challenging, but rewarding apprenticeship. You need to work in the trade for at least 10 years to even have a fraction of the knowledge to be able to properly understand, work on, or even sell yourself or the product to customers. Source: I am a 20 yr journeyman in the industry.
@@beegee8418 I'm also in the trade and I agree somewhat. But the industry does pay really good. The title does say highest paying trade jobs.
And really difficult to break into the business, due to union control in every urban city.
Family and friends are brought in and if you aren’t in their club, good luck!
@@PhilipAnderson true indeed
Love the realistic way that you break this down with revenue and expenses, that's real world stuff. And this is exactly how I started my business.
Heres a tip. States are changing their rules and are included small equipment in yearly safety inspections. There millions of pieces of quipement that has never been mandatory
2:53 -- 5 Septic Tank Pumpouts/Day = $3500/week X 52 weeks = "over a $million in revenue/year" WRONG! That equals $182,000/year. What you really mean is $3500/DAY (not per week). And, in my area of central FL, they charge $300 per pumpout, not $700.
If we did $300 x 5 a day.. isnt that good money???
This is the same chick who get on the internet and tells everyone "She's a millionaire" 😂
I wonder if she calculates her net worth the same way she does math here 😢😂
I own a mysterious issues business. My annual income is in the 250-300k range. Example, a retired couple hears water running at odd times. They replaced all the toilets and the issue was still occurring. The new toilets were checked by several different plumbers and there were no issues with the toilets, or any other plumbing. If you want to know what the issue was, ask me.
I work with plumbers who make 5 to 10 grand a week. They work hard and I wouldn't want to do it, but if you've got the drive you can make good money as a plumber...
I was a Millwright for decades and the nice thing is once your body can not handle the hard work you can shift to other related fields. I have worked for OEMs and now specialize in equipment reliability. (Certified as a Vibration Analyst and Machinery Lubrication Analyst)
HVAC Technician is another very profitable business
Yeah, if you're OK with ripping people off. At that point may as well just become a cop and go all-in on routine fraud.
It’s not a business that’s a skilled role
@alphaforce6998 this is a really stupid comment. How many police officers do you know personally? How many HVAC technicians do you know personally?
@@TheHighsmith8 I don't associate with fraudsters. But why are you so butthurt? Are you a thin blue criminal engaging in piracy and treason against the people pretending statutes are laws and that you're some kind of hero, or are you an HVAC guy trying to convince people that they need to pay you $650 for a $10 part, like a start capacitor? LOL
I like double dipping; run a diesel repair place and have them fix all your fleet trucks for your light swap business. Then open a carwash to keep the trucks clean. :p
I run a trucking company, a heavy truck trailer shop and a tire shop. And partnered with someone to use they truck stop as a terminal.
One good career is auto paint booth installer, repairer and cleaner. I know someone who did that and they would call him from several states away because there is only like one or two other people who do it in that region of the country. He recently retired. So, it' s pretty open now. No one has this experience.
Since I have a CDL the septic pump business gets 1st place, I never thought of it! My other favorite was the light replacement business
You really underestimated the costs of materials and equipment for the basement jobs. It’s also exhausting work, so 6 days a week would not be sustainable. You would have to scale up and hire employees to do a lot of the work. Sure you can do that 5 days a week in your 20s, but then your back and knees gives out in your 30s. By your 50s it’s all surgery: shoulders, back, knees.
YEP. I just mentioned that.
I was just thinking that, plus 2 days for a basement job? I have seen several weeks and 20s of thousands of dollars
She's never done physical labor and thinks the workers are soulless machines lol
@@_..D😂😂😂😂😅😢😢
Also it's between 10 and 15k to waterproof a basement
Love this vid. Being an OTR truck driver I had no idea about the septic tank business. I could do that in my sleep. Also had no idea you could make that much money being local like that. I might look into septic tank here in Tuscaloosa AL.
Minute 2:52: 3,5*52=182k, I think you meant 3,5 a day => 3,5*360 > 1 Mio $
Yeah I knew somehow the math wasn’t mathing.
What is 3,5? Did you mean $3.5k?
And what exactly is a mio?
It is imperative to engage in a work schedule comprising six days per week, with a daily income of 3500, in order to achieve the desired financial outcomes.
I was about about to say the same!
I stop this video there, call my attention, I’m a truck driver make that weekly and and I don’t have a million 😢
Codie I like your numbers but you forgot to factor in taxes fuel disposal fees, maintenance cost and vehicle leasing cost
my daughter is a millwright and she does make lots of money. She works for a union and they get the jobs and sends her out to each .She has no start up cost as the union paid for her to go to school, she got the first year of schooling while she was in highschool through our school district program . Many of the jobs let you keep the tools at the end of the job and they supply the tools.This is in Canada and may work different in other countries. She could definitly start her own business once she is ready.
Possible to create a video on Digital Products, please? i.e. if there is any demand, different types of digital products that have demand, platforms to sell on, revenue etc.
Hi there, could you please make a video about indoor playgrounds etc...? I really could use some ideas and opinions. Thank you.
Well Miss Codie 50 years ago I worked in the elevator business and I can tell you an elevator mechanic EARNS his money....may I say that a forklift mechanic does very well too....thank you for this video
Codie, can you interview Elena Stein?
I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Elena Stein
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.
The first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional.
Isn't that the same Mrs Elena Stein I'm new at this, please how can I reach her? that my neighbours are talking about, she has to be a perfect expert for people to talk about her so well
I'm new at this, please how can I reach her?
Facts! I’m a superyacht paint expert, as well as a Cathodic protection tester. Love my fields!
I install kitchen cabinets. I charge $100 for cabinet. I can do 8 to 10 a day. Have my LLC soul proprietor.
Just started my cabinet installer apprenticeship!
What part of the country are you in?
@@whoyoukidding1 south west Florida
I love this content, thank you Codie! I’m a diesel technician 💪🏻
Thank you for all these content you upload
Good info except the elevator trade is super specialized and unionized. The elevator trade is buttoned up 100% if you wanna work on elevators go in the apprenticeship program.
Shut down the IRS forever
I knew a lady I. Hawaii whose husband started a medical transport company. He cornered the market in Honolulu!
nothing is as easy or as profitable as you laid out.
Gutter installation costs about 10k for a machine. You can install 300-600 ft/day at a cost of about $1.50/ft for supplies and materials and a selling price of $6/ft making a daily net of $1800-3600 and a gross of $1350-2700/ day. The start up cost is much cheaper than a septic truck and you don't need a class 3 license.
I wish I heard all this before I had to choose my path back in '90. Nevertheless, this advice is gold!
what did you end up doing?
@@chemical4287 structural engineer. It’s an awesome profession but not many of us are millionaires.
2:50 52 weeks. In the real world we basically get 47 weeks average best due to holidays if your fleet is in support of conventional contractor scheduling/availability and access.
But as you point out, certain niche units will work 52 weeks per year and can/will include holidays. Markets like oil fields etc are 24/7.
Excellent presentation!
Codie, thanks for doing all you can to inform people on this idea. Meaning College or " going to University", is not absolutly necessary to make a good living. Yes Trades etc. Often take certifications or licenceses, but the time and money is far less by comparison..
There is a misconception out there about technicians. They are born with the unique talent that gives them the ability to perform nearly all technician work. A similar person would be a music artist, who is born with the musical talent to produce very good music. Plain humans cannot be trained to be technicians, the work will overstress their minds and they will eventually return to plain human work.
THIS is so true. There has to be an element of 'liking' what we do, or being a 'fit' for what we do or it's going to be a bust. Nothing is going to push us forward through the hard times. At the end of the day money only motivates sooo much.
In the trades, you either "have it" or you don't.
There's no in between.
Military personnel was trained to perform in classrooms, garages, on site, on time, pen in hand, ready for hands on, relevant subject matter. Their are ready to absorb tasks, conditions to incl extreme) and STANDARDS. If the trainer is late or sick, that G.I. Male or female, will be ready to step up, gain control and even go over past info until properly relieved. Sadly, private sector companies look at “delimitating” factors of candidates instead of the content of their character for SOLID team building.
You have a great, confident pitch. Great video. Subscribed.
I’m a diesel tech and I don’t like doing it even though it calms me down 🤣🤣🤣
She didn't even factor in any of the tools us mechanics need (industrial mechanic myself). Just the basics cost around 1000$+/- and way more if you are repairing equipment.
I have an offer right now for diesel tech at $15/hr if I stick with it, it goes up to 24/hr. I'm going to turn it down wtf is going on that this used to be a high paying job and now you can make more driving door dash??
I have an offer I'm about to turn down $15/hr for apprentice, tops out $24/hr if I stick with it and don't get blown up by a tire, hit by a truck, or fall off the lift. Are they all low paying like this? WTF is going on I thought this was a good career path
@@ogcontraband tell them "unfortunately I won't be able to work for that wage"
@@ogcontraband not enough to pay my tool bill
I'm a power plant mechanic. Or, boiler steamfitter mechanic. We gross about $125K per year. I've worked in this industry for nearly 14 years and it's extremely hard work! A first class boiler license is required to work in my power plant because it's a skilled trade career. But, the company trains and assists new employees obtain their licenses if hired. In the power plant, we have rigger mechanics, machinist mechanics, boiler steamfitter mechanics and welder mechanics. In the Midwest, we're amongst some of the highest paid skilled trade workers in the power generation industry next to the power plant electricians. I'd love to see a video about Midwest power generation mechanics. That shows the ups and downs of our industry someday.
Thank you for promoting the trades. Education is great, but there needs to be a clear objective in order to make adequate use of and general satisfaction with a degree. I've known a number of people who had degrees from such places as MIT going on to careers that were completely different from the education they received and often in relatively low paying jobs.
I've also known many people who were quite successful with only two year technical programs to seek employment. And there are many opportunities even without certificates.
Do yourself a favor and research potential career paths as much as possible. Even talk to people in the areas of interest to ask what it's like.
Also ask yourself about preferences regarding relative comfort in various careers. Answer honestly.
Are you ok with outdoor work where you will be subject to poor weather conditions?
Are you willing to be on call?
Are you squeamish in any way?
Are you willing to live with certain unpleasantnesses such as odor, including some that you'll go home with?
There are many other factors, but those questions are a good starting point.
Best wishes with your planning and hopeful success.
I saw you do a short on RUclips, but I didn't know you actually gave great business tips! Excellent work. -Plumber here P.S that 3,500 must be for no sick days & off time. Great other wise.
Did you get a quote on that porta potty insurance? It’s more than auto insurance for $100, it requires general liability and also workman’s comp if you are staffing that many dumps.
Former Street LIght manager for a large city here. The maintenance costs are now going way down with the advent of LED street lights. With the former ones, sodium based, you really needed to relamp them every 3 to 4 years on schedule. With LED lights, every 10 to 15 years. Now, if you do more than maintenance, such as lighting design you can make more money. Installing the lighting even replacements requires a licensed electrician as well as you are dealing with high voltage gear...Not something you can just do yourself. Then, there are Union possible issues.
There’s s heck of an investment and expenses that you are forgetting.
I just paid 175$ for my 1000 gallon septic pump out. The company was about 2weeks out.
Good information from a business perspective. Some of the jobs you are describing are not skilled trades. As far as skilled trades you are downplaying the most important part which is training and experience. You should have done more research on the training requirements. A millwright apprenticeship is not a 3 or 4 years as you said. The biggest part of any skilled trades is the experience. One of the reasons there is such high demand for skilled trades is good majority of the current workers are retiring. Even if younger people showed interest it will be at least 5 years before any would have the experience required to run their own company.
Afford to put up a good size building and not pay rent in a busy area a laundromat if there’s not any nice laundromats in the area if you put in a nice laundromat, you can turn a shit ton of money out of the laundromat, but the machines in the building are huge startup cost expenses. But if someone rolled into enough money to get started, it would be a cash cow. You can hire a few employees to maintain the building and put in a surveillance system. The employees could even do peoples clothes for them like a fluff and fold set up for extra income.
I honestly can listen to you for hours daily and never bother watching sports events. You seem to teach me something new on all your videos even if I don't have any attention of operating any of these business. By the way I used to own rentals and did all the remodeling and maintenance by myselve by buying my own pressure washer and heavy duty electric snake to unclog my rentals sewer instead waiting for Roto Rooter for a whole day to show up late and give me an invoice of $500 or more.
I work w graders, plumbers, masons, electricians, HVAC techs, GC's, etc. Most of them are over 50 yrs old and a couple are in their 40s. We don't have any young tradesmen that are business owners. Hell, even most of their crews are 40 or older. Sure they have some in their 20s and 30s but not like it used to be in the 90s and early 2000s. I hope my son tells me he wants to go to a trade school for college not your typical college. If he does I'll pay for it but if he wants to go to your run of the mill community college or university, the $$$ is on him.
Im a industrial construction surveyor. I bring home about 3k a week after taxes. Have a work truck and they pay for gas. Learned everything on the job
Nice. How you get into that?
@@yakk720 started out as a rodman, carrying equipment, doing the manual labor. Learned how to use the equipment and learned all the math. Just kept moving up from there.
@@Gibsonfan1989 nice. I’ll look into it in NY. 3k a week is great money.
Just on the job training no trade school? Dam I’m looking it up seems some what simple; measuring,mapping establishing boundaries for construction sites etc …I’m look up whats in FL as we speak
@@backpackgrizzly for land surveying, like professional land surveying, school is needed. But construction is usually learned through experience
Septic tanks and lids are not always that easy to find.
Sometimes they are down deep and you may have to dig maybe two feet down. If that means tree roots you might spend a half day or even a full day .The older tanks have a huge concrete lid not an access plug.
Getting your equipment set up and then put away could be an hour or more.
Depending on how far away you have to park the truck.
I would say on average you might get
Two on a good day.
Always fun when the tank 2 compartment each hole 2ft each. Rocky soil, tank at the bottom of A hill. Heavy soilds,wipes grease, the customer hasn't cleaned it in 20 years. Good time's 😅 best part, some rich snob doesn't even appreciate your dedication.
Semi rural Ohio a septic tank pumping is about $250
Where about in Ohio are you in near Canton and the place quoted 750
@@benreviewsit1662 I'm in Chippewa twp, between Wadsworth and Doylestown. We use "All town and country"
Diversification is the secret to optimal performance. This is why I have my interests set on market sectors based on performance and projected growth, such as the EV sector, renewable energy, Tech, and Health. Keep investing regularly and you'll be blown away how much it can change in a few short years. Here's to $1 million and to FIRE
The financial market is a reliable choice. Diversify your portfolio with I-bonds, stocks (ETFs, REITs, dividend-paying stocks), and bitcoin. Given your budget, I recommend hiring a fiduciary to ensure you receive professional insights for a fee.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? I'm in dire need of proper portfolio allocation
Stacy Lynn Staples is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.
I looked her up, and I have sent her an email. I hope she gets back to me soon. Thank you
From $9K to $35K that's the minimum range of profit return every week I thinks it's not a bad one for me despite the market fluctuations
I agree just reached my goal of $100k monthly trade earnings. Setting realistic goals is an essential part of trading
How does this trading stuff work? I'm really interested but I just don't know how it go about it. I heard people really make it huge trading.
Get yourself someone like Stacey Macken who understands the market very well and is also a professional in placing trades. That's the key
Wow! Kind of in shock you mentioned expert, Stacey Macken. What a coincidence!!
Stacey's understanding of market indicators is impressive. She knows exactly when to enter and exit trades for maximum profit. her signals are top notch .
Light bub business was my favorite. Codie what is your thought on owning a gentleman club?
Every time you find different jobs make people's life easier and to make more money
You are such an incredible person
Thank you madam xx
She ripped this video off of Adam Zwinglers video word for word.
I just stumbled across your page and your math is WAAAYYY off 3500 x 52 is 182K, that's 5 days a week with no holiday, working over 10 hours a day excluding travel!!!!
@Codie If your staff goes through these comments and revise this video then you may very well create some good options for people looking for a change of career or business to start! These jobs need good, honest people and they'd have a great source of referrals!!!
I don't know where you are located but in my area a single 1,000 tank is like $300. I used to pump septic and doing two 1,000 gallon tanks at the same house with new having to dig to the lid was under $500.
Also depending on your truck you may need a CDL to drive the truck. Getting a CDL now is going to run you around 4 to 5 grand
We Are in Unchartered Financial Waters! every day we encounter challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly. Given the current economic difficulties that the country is experiencing in 2024, how can we enhance our earnings during this period of adjustment? I cannot let my $680,000 savings vanish after putting in so much effort to accumulate them.
Keeping some gold is usually a wise decision. You would be better off keeping away from equities for a bit or, even better, seeking advice from an expert given the current market conditions and everything that is at risk with the current economy.
Thats sad you really hurting. But, what about people that don't have a $1000 dollars or living pay check to pay check. And Kamala taking their tax dollars to feed illegals, Medicare and social security. And to mention $25,000 to build a home. Maybe you should give them several grand of that $680, 000 to build them a home. Vote Trump and fix the problem.
You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst
Could you possibly recommend a CFA you've consulted with?
Her name is *Layan Talia Chokr* . Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
So I owned a ASME code shop, had a S, R and U stamp its not easy to get, very expensive. Finding the quality of an employee who can do the job correctly is difficult. A lot of guys say the can pass a weld test most cant but someone who can competently do the work can earn around 200k a year with a good work ethic.
Oil and gas jobs pay the most some 6 figure jobs. I&E tech,automation techs,Electrican and PLC programmers. I do one of these trades.
Codie Sanchez, several problems with this concept (Learn, Earn, Own). Most small businesses fail in the first year. There are few original ideas. There is a lot of market saturation. Not everyone is an entrepreneur and made of money. The numbers you quote are grossly inaccurate.
hey there Codie Sanchez great content
subtract truck payments, fuel, maintenance of truck tires and engine maintenance and last but not least insurance