Hello @CodieSanchezCT, I’m seeking a resource I can compare business revenues to identify which have the highest Operating Income relative to entry cost. I’d pay to know how I can focus my efforts on acquiring those businesses sectors and services. Any help would be appreciated. Thank you!
@@user-lr5cx1ni4r she didn't say that you should get into these businesses. She said these are the ones that statically DO NOT FAIL. Why are they bad ideas in your opinion I'm curious???
@@user-lr5cx1ni4r Please enlight me on how is real estate an awful business bruh. Hold, Let me grab my popcorn while your brain blows up trying to think on this one bruh.
people need to realize that businesses mainly tend to fail due to the businesses not obtaining enough customers. Marketing and sales are very valuable skills to have. I started Amazon a year ago and already crossed 150k\month, what I liked about Amazon that you do not need to bring traffic yourself (Although you could).
I am glad to hear about your success. I started Amazon FBA as well but little struggling, Do you mind to explain how to rank to best seller? And can you share where did you learn? youtube information is very limited
Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life!!
Starting early is simply the best way of getting ahead to build wealth , investing remains a priority . I learnt from my last year's experience , I am able to build a suitable life beause I invested early ahead this time .
We must consider safer investments with promising returns in order to plan for the future. If you approach investing with a five-year perspective and simply DCA whenever you receive a check. Under the direction of my investment advisor, "DEBORAH SUE BOHN", whose expertise in portfolio diversification is unsurpassed and client-focused, my portfolio has gained almost $643k since January 2022.
Considering the recent developments involving SVB, Signature Bank, and First Republic Bank, reminiscent of the 2008 market crash, is it prudent to continue saving in the United States dollar? Alternatively, would it be wise to contemplate investing in gold amidst these circumstances?
Investors should be cautious about their exposure and be wary of new buys, especially during inflation. Such high yields in this recession is only possible under the supervision of a professional or trusted advisor.
I completely agree. I have been consistent with my profit regardless of the market conditions. I got into the market early in 2019 and the constant downtrends and losses discouraged me, so I sold off. I got back in December 2020 and this time with guidance from an investment adviser who was recommended by a colleague.
@@SophiaChristian-so2of Mind if I ask you to recommend how to reach this particular coach you using their service? Seems you've figured it all out unlike the rest of us.
Margaret Johnson Arndt 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
My wife and I did very well in the amount of money that we amassed for retirement. Well over 80% of that money was made because of taking advantage of buying high-end stocks at a deep discount during the Great Recession. 2009 I fired the stockbroker got rid of all mutual funds and bought individual dividend stocks. Be patient don't get scared and do your homework and you can make a killing
@Patricia Martin I'm sure the idea of a Investment-adviser might sound controversial to a few, but a new study by investopedia found out that demand for Invstment-Managers sky-rocketed by over 41.8% since the pandemic and based on firsthand encounter I can say for certain their skillsets are topnotch. I've raised over CAD580k within 18months from an initially stagnant portfolio worth CAD150K which was devoid of dividend stocks. These are the high-volume traders.
All but Trucking as the industry is very misleading. Trucking has a low barrier to entry yet in recent years have a high failure rate. As a matter of fact most lenders have placed new trucking startups in the risky business category and have excluded them from startup funding. You have to buy new vehicles as maintenance can put you out of business before you get started. Staffing is also a huge issue. Keeping staff on long term is almost impossible
Thanks for the video! I think the worm business would take one of those top spots :) They sell for a pretty penny per pound, and they make the best fertilizer on the planet AKA Black Gold! I raise millions of worms for fertilizer for my garden and to teach others how to care for them :)
Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.
Wall Street pitched so-called quality stocks with high profitability and low debt, as a kind of insurance against whatever the economy might throw at you. Quality stocks have underperformed the S&P500 this year, My $200k portfolio is down by approximately 20 %, any recommendations to scale up my returns on investment
Nobody knows anything You need to create your own process, manage risk and stick to the plan, through thick or thin While also continuously learning from mistakes and improving.
Exactly why i enjoy market decisions being guided by a pro , seeing that their entire skillset is built around going long and short at the same time both employing risk management and market experience , been using a portfolio-coach for over 2years+ and I've netted over $3million in that time frame.
The adviser I'm in touch with is 'Catherine Morrison Evans, she works with Merrill, Pierce, Smith incorporated and interviewed on CNBC Television. You can use something else. for me his strategy works hence my result. he provides entry and exit point for the securities I focus on.
If you wanna be successful, you most take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.
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 like I did. If you get the facts about saving and investing and follow through with an intelligent plan, you should be able to gain financial security over the years and enjoy the benefits of managing your money.
The stock market rally run is gone, but I'm not sure if equities will swiftly recover, keep falling, or fluctuate in a narrow range for a few weeks, or if things will quickly get worse. I'm under pressure to increase my $300k reserve.
Making touch with financial advisors like Kimberly Kent who can assist you restructure your portfolio, would be a very creative option. Personal financial management will be crucial to navigating the next difficult times.
Is there anything like proof recession stock? I am 58 years and would like help in managing my retirement portfolio which is currently $1.25M...down from a high of $1.67M….
It's a delicate season now, so you can do little or nothing on your own. Hence I will suggest you get yourself a professional that can provide you with entry and exit points on the securities you focus on.
Very true! I've been able to scale from $350K to $650K this red season because my FA figured out Defensive strategies to protect my portfolio and profit from this roller coaster market.
Having a coach is key in a volatile mar-ket, My advisor is "Eleanor Cecilia Schnell" You can easily look her up, she has years of financial-market experience.
The financial market is one of the most powerful wealth creation tools that we can use to become extremely wealthy. If you save money, your bank account will grow by a certain amount of money each year. If, on the other hand, you invest your money, your portfolio will grow by a certain PERCENTAGE each year. The distinction between these two concepts is enormous. My net worth has grown by $800,000 since the fourth quarter of 2019.
There are numerous misconceptions about investing in the market, which is why so many people fail to capitalize on it. However, given the current CPI figures, it is not advisable to have money sitting around with no or little profit. I have $60,000 to invest, but it's difficult for me to bite the bullet and do it. What happens if I lose everything?
You need a Financial Advisor, my friend, to avoid being taken advantage of. They offer personalized advice to individuals based on their risk tolerance, putting them among the best of the best.. Some have a terrible reputation, others with a strong track record can be quite good
I completely agree with you; they can have a positive impact on an individual's portfolio. I began with “CHRISTINE ANN PODGORNY” a trust Financial Advisor. She is verifiable, and her work ethic is in accordance with the 1940 US Investment Act. Her approach is transparent, low fees, and gives me complete ownership and control over my portfolio.
I've been wanting to start investing for a few months but haven't had the courage to do so because the market has been down for the majority of this year. Please tell me how I can rely on such abilities.
@Philip Max Good choice you have made, its also impressive it has worked out the way you planned however not everybody knows their way around the stock market, I did some trading my self last month I lost some cash lol, do you trade yourself? are you a Professional ?
You work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $10k in a meme coin for just few months and now they are multi millionaires. I pray that anyone who reads this will be successful in life
Thanks for continuing updates I'd rather trade the stock market as it's more profitable. I make an average of $34,500 per week even though I barely trade myself.
The stock market rally run is over but I don't know if stocks will quickly rebound, continue to pull back or move sideways for a few weeks, or if conditions will rapidly deteriorate.I am under pressure to grow my reserve of $250k
very true! I started investing in 2021 and that same year I pulled a profit of about[$300,000] with no prior investing experience, basically all I was doing was seeking guidance from a financial-advisor, so you don't necessarily need to be a perfect investor, just have a professional assist you.
How can one find a resourceful FA, I buy the idea of employing their services, its a shame market crashes as of late have become a sort of habit for stocks.
My advisor is ’DELLA MORLEY PRATHER’’ In terms of portfolio diversity, she's a genius. You can glance her name up on the internet and verify her yourself. she has years of financial market experience.
The vending machine industry is very tough, in my experience. I did it for several years. Failure may be low, but it's a long and hard grind. Finding ideal locations can be very difficult, as they are limited, plus it's a highly competitive market. Secondly, if your product is perishable, it's very easy to end up with waste. Sale trends are unpredictable (week to week changes). Maintenance and repairs are also rather costly, due to a lot of moving parts and people abusing your machines.
@@LisaMaeFilms In order to make a living, you need numerous machines, so that means numerous locations. Finding them is very hard, and finding profitable locations is even harder. I've had several locations that would sell around 3 items a week, if I was lucky. Not nearly enough to help sustain a business.
@@keithwisdom1663 Fair enough, but I'm fortunate enough to have a skill set that places me above the minimum wage bracket, which is why I checked out of this vending business.
*VERMONTCORPLTD* is young. Holding almost anything mentioned here is a good hold because the VHS or Beta will only show in time. I want to hold them early. Its sad that most dont think of these things as good future holds instead of being out of the market and bottom hunting. Are we the adopters or are we scavengers? surely one of these layer ones will become the standard and i dont want to sell any of them too early.
Right! mostly because professionals manage most of these tactics and loopholes better. I was able to scale from $35K to 65K this crash by following my coach's advice
@Bianca Rantzsch | Your Way of Life: Individuals constantly fight with the obvious temptation to want to do tasks on their own while overlooking the existence of a process. Direction and fundamental data cannot be overlooked, which is why you risk getting buried in the market noise (consolidation) or ignoring some critical factors that have an impact on the performance of any asset. Stocks generally follow the fundamentals, and markets are more complex than merely technical analysis.
I had a successful flower shop for over 6 years , I sold in 2010 cause things started going south , I owned the property. The sale was horrible, but glad I did it , put 2 kids thru college with it , employed by others after , for 12 years now and hate it sooooomuch and not doing well mentally . ..that’s the hard part , working for others after being self employed
Making money should be a routine A weak dollar can signal an economic downturn, making me to ponder on what are the best possible ways to hedge against inflation, and I've overheard people say inflation is a money-eater thus worried about my savings around $200k
As with any big financial decision, it’s important to keep your guard’s up for economic risks. However, smart planning, time management and seeking advise from a financial adviser can help keep you and your money safe.
@@MatthewVinson She’s a verified CFP and she helped me see that returns can be made in both bull and bear markets. She covers things like investing, insurance, making sure retirement is well funded and looking at ways to have a volatility buffer for investment risk, lots of things like that.
The first step is to not tell people on the internet the amount of money you have in savings while using your full name and a pic of you. I would delete this message or edit it to not say the amount of money you have.
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Literally I've seen every single business on this list fail with some regularity in my community alone. I get it, these are less likely to fail but I think being an internet "financial guru" has the lowest failure rate, "teach" people skills that you don't have without giving the drawback and downside.
I feel sad that even though I am investing, I don't have the brain power to dig through how each company is doing, is this a good time to buy stocks or not, my reserve of $450K is laying waste to inflation and I don't know what to do at this point tbh, I need solid data on market trajectory
I agree, that's the more reason I prefer my day to day invt decisions being guided by a invt-coach, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using a invt-coach for over 2years+ and I've netted over 1.5million
@@PhilipMurray251 I've been thinking of going that route, been holding on to a bunch of stocks that keeps tanking and I don't know if to keep holding or just dump them, think you inv-coach could guide me with portfolio-restructuring
@@driftgod7894 Trying times are ahead, and good personal financial management will be very important to weather the storm. It would be very a innovative suggestion to look out for Financial Advisors like " Donna Di Lanni , who can help shape up your portfolio.
I am thinking about a new type of restaurants: eating-spots in eating-spots, food keeps changing, chefs also rotate this is opposed to current restaurants, thanks to this rotation of food and chefs, eating-spots are more powerful than restaurants. along with that, there is an app, people vote for the food that will be cooked in the next days menu is influenced by the live input of the people via an app.
The problem we have is because Most people always taught that " you only need a good job to become rich " . These billionaires are operating on a whole other playbook that many don't even know exists.
" It is remarkable how much long term advantage people like us have gotten by trying to be consistently not stupid , instead of trying to be very intelligent."
The wisest thing that should be on everyone mind currently should be to invest in different streams of income that doesn't depend on government paycheck, especially with the current economic crisis around the world. This is still a time to invest in Stocks, Forex and Digital currencies.
Even with the right technique and assets some investors would still make more than others. As an investor, you should've known that by now that nothing beats experience and that's final. Personally I had to reach out to a stock expert for guidance which is how I was able to grow my account close to $35k, withdraw my profit right before the correction and now I'm buying again.
I like the ideas about laundromat and self storage. Long haul trucking however is getting killed by brokers (taking 20-50% of the profits from truckers) for basically doing nothing. Plus with fuel costs and mechanical breakdown, pretty much only large Corporate players are surviving this market.
Insurance and maintenance costs have gone through the roof too. Too many trucks for so little freight. Even the bigger carriers are feeling the heat too
A WEALTH TAX would do some justice…. Just saying! Some people have never had any wealth due to this capitalist system, even the ones who worked for it for many years!
There are a lot of strategies to make tongue-wetting profit that the average joes don't know. . Personally, the financial-market for me seems the only way forward with my long time horizon (accrued roughly $457k in gains since Mid 2021 ) but if you don’t have that fortune of time it’s a tough market out there almost nowhere feels safe!
If you’ve got patience I believe it’s a great time to invest… I’m no expert but as Warren buffet said he’s seen this happen a number of times throughout his life
I've known I had wanted to start investing for a few months but just haven't been brave enough to start due to the market so far this year. I have $60k I want to transfer into an S&S ISA but it's hard to bite the bullet and do it. $457 is a huge milestone, Please what's your strategy? I will love to have an insight
I began with a fiduciary portfolio advisor by the name *PRISCILLA DIANE AIVAZIAN* . She’s verifiable and her works ethics is in accordance with the US investment act of 1940. Her approach is transparent allowing total ownership and control over my portfolio with fees very reasonable in comparison with my investment-income. Also, She covers things like investment insurance, making sure retirement is well funded, Go over tax advantages , ways to have a volatility buffer for investment risk. many things like that.
*PRISCILLA DIANE AIVAZIAN* really seems to know her stuff. I looked her up on the web using her full name and found her page, read through her resume, educational background, and qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I'll book a session with her
Nice video. But let me talk about something major, I see both young and old making mistakes they shouldn't be making, I think everyone,both young and old, should have an investment plan that increases their financial return by three to six figures, the investment can be your retirement plan or your investment plan, whichever you want, but what matters most is that you have a profitable investment
@@mariocastaneda1442 Investing in Forex or the cryptocurrency market needs a professional to guide you to avoid losses because the signals are not exactly easy to read, that's why you have to invest with an expert for a better profit.
@@mariocastaneda1442 Angelina Morris is the best expert I can recommend, I have made a good profit investing with her and I'm still in business with her.
At the age of 23 I purchased a residential Assisted Living Facility or “Senior Care Home” with no money down and a $350k loan and sold it for $1.3M. It helped fund our next businesses as well. Thanks for sharing Codie!!! Love your content!! I always get excited when people talk about senior care because it’s not that common amongst the business community.
@@justinhenryrebel it was listed for sale with a broker. It had always been licensed as an assisted living facility so we purchased it vacant with the intention to use it as a residential assisted living facility. Now they are popping up all over.
As recession fears mount on Wall Street and inflation remains well above the Fed's 2% target, some of the top commentators in markets, business, and economics have been sounding off on just how bad they think the next downturn might be - and how far stocks may have to fall. I need ideas and advice on what investments to make to set myself up for retirement, my goal is to have a portfolio of at least $850k at the age of 60.
It’s precisely at times like these that investors need to be on guard against the next certainty. You don’t have to act on every forecast, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.
I agree. Based on personal experience working with an investment advisor, I currently have $385k in a well-diversified portfolio that has experienced exponential growth. It's not only about having money to invest in stocks, but you also need to be knowledgeable, persistent, and have strong hands to back it up.
@@colleen.odegaard I’m new to all this, heard it's a good time to buy and basically I've just got cash sitting duck in the bank and I’d really love to put it to good use seeing how inflation is at an all time-high, who is this coach that guides you, mind I look them up?
"KATHERINE DUFFY BURKE" is the analyst/investment-adviser. She has been of great help and her tutelage has brought me to a higher understanding of profit generation. You can look up her name on the net for her page and reach out. Understands the job perfectly
@@colleen.odegaard Thanks, I merely looked her up on Google and was highly impressed by her credentials; I got in touch with her because I need all the help I can get. I just Hope to set up a phone call.
Creating wealth and gaining financial freedom isn’t as difficult as lots of people think. Through the right information, building wealth and staying financially stable forever is way easy. Investing is the only true way to earn a great income and staying wealthy forever..
The first step to wealth creation, is figuring out your goals and risk tolerance - either on your own or with the help of a financial advisor. If you can get the facts about savings and investing with a well detailed plan, you should be able to gain financial security over the years and enjoy the benefits of managing your income.
You’re right! Working with a financial advisor will genuinely set you up for success in life. I’m glad I was able to hire a financial advisor John Desmond Heppolette, earlier this year while others were complaining about the downturn in the financial market, I was busy cashing out from my investment, eventually making over seven figures in the first quarter alone…
That's great, your financial advisor must be really good, I have seen testimonies of people using the help of financial advisors in making them more financially stable. I just discovered his exceptional resume when I made a Googled search of his names. I consider it a blessing that I discover this comment area!
I’m impressed by John Desmond Heppolette, professionalism and expertise in financial planning. He took the time to understand my financial goals and provided personalized recommendations that have proven to be successful, with this guide I make monthly returns from investing in assets and mutual funds..
It amazes me greatly how I go from living an average lifestyle to making over £63k monthly, utter shock is the word. I've learned a lot in the past few years to doubt that there are plenty of opportunities abound in the financial markets; the only thing is know where to focus.. Thanks to John Desmond Heppolette.
Hello Codie, my husband and I just got approved for $98,000 in small business grant program. We own a clothing brand that we have intended to invest this money on, but I will appreciate if you have other business suggestions because this is a one-time life opportunity, and we want to make best use of it. Appreciate your reply🙏🏽. I subscribed ❤
The public storage business model is, by far, the highest-profit versus lowest-risk business discussed in this video. Of over 100 public storage businesses I know of, every single one of them has remained hugely profitable every year, no matter what the economy is doing, and no matter where they are located (even in very rural communities). Oddly, they seem to do slightly better when the economy is actually doing worse. What's more, there is far less risk or maintenance involved, as you don't have to worry about things like broken plumbing (like you do with homes), or other costly issues, and as long as you have all the proper legal and insurance protections in place, you'll never be at risk of legal issues, provided you aren't some type of criminal. Seriously, if someone gave me $10 million today, I'd invest all of it in a storage unit business, and then spend a lot of time picking out a good married couple to manage it for me, and even do a profit-share program with them, so they had a vested interest in the business's success. Within 6-8 years (most likely), I should have recouped my money, and from that point on, I should be clearling high-six or low-seven figures per year. Sadly, other investors have known about this for over a decade, and have started to buy up all the storage unit businesses in several parts of the United States.
Solid list you have here! Businesses that answer the needs of the local community like a laundromat have a higher chance of thriving than businesses that don't. More of this, please!
Hi Codie; I have to humbly admit I’ve just discovered you and your chan after I’ve seen your interview on “The diary of a CEO” so I’ve subscribed here and this was the 1st video I’ve watched. Spot on inspirational, but even more so, I found it as exactly the kind of encouragement one needs to get when in the mindset of getting rid out those golden handcuffs you were talking about wearing yourself at some point. The thing is, personally I am very lucky to very much enjoy my job & work, but I am still on track to keep my promise I made myself when letting go of my full time business in my 20s to go get employed and, as I said back then, “learn on OPM for a while” before I come back to doing my own thing. Again, thank you, you are a true inspiration! One!
I love this Codie. Another option to consider is a simple parking lot litter cleanup business. People litter. They always have and always will. Fortunes are being made by people willing to clean up after others. I started this business in 1981 as a side hustle and grew it into a six-figure business of 40+ years. I started with little money, skills and education. It's almost as easy as a walk in the park! The service is performed on-foot using simple hand tools. You contract with property management companies (and others) to maintain their commercial properties litter free. You can't fail so long as you're passionate, patient and persistent.
I’m trying to find things for my teenage son to start doing. This sounds legit so I’m gonna bring it up to him. :) How many times a week do you visit the properties? Any tips? What’s the name of your business?
I recommend service 3-7 days a week depending on the size and tenant mix of each property. The focus here is to maintain these properties litter free rather than cleaning up a build-up of litter debris. I offer tips and free support in my book Cleanlots - America's Simplest Business@@emmysmith2236
I agree with #1, #2, and #3 as I've personally have invested my hard money into these business. I have to COMPLETELY DISAGREE with #6 regarding senior care or healthcare. We started a residential assisted living home by converting a one-story 5,000 sqft home in a residential home into a senior assisted living facility. This is not a real estate play and is absolutely a heavily labor, staff, and customer intensive business. Unless you've owned, experienced, or invested 1st hand with your own money at risk, I would avoid and run away from this last #6 business. PM and I can tell you the countless horror stories, sad situations, disturbing, etc. Save yourself the time, headache, and money and go with business #1,2, or 3 instead.
A lot of laundromats start to fail in Belgium as the electricitybill rises month by month. And it's impossible to ask 10 dollars for a wash for example. Talked to an owner who said It is cheaper to close than to keep it running. I think every type of business has their time of hardship.
Interesting! Really appreciate your insight from so where do far.....I'm in the U.S.......hopefully you continue to be safe and have a prosperous life 🙏🏾
Ofc yall want "clean energy" and decided to buy US war against RU and now are going to literally cripple and die during winter for lack of gas and energy.
@@Bilbyflix Those are big investments and the ROI is not that big then i guess. And also mostly not an option as you may not own the building for example.
@@Bilbyflix The electricity required to run a solar-powered laundromat would require way too many panels and batteries to make this cost effective. Dept of Energy has looked at all kinds of energy-efficient models, but there aren't really good options other than electricity or natural gas-powered dryers right now. However, if you are a clever mechanic, develop something and help us all, please!!
Probably one of THE BEST business summary videos I've came across. Over the last few years I've looked at and considered pretty much everything on this list. Bravo!
Hi Codie, just wanted to drop you a note that the website that you mentioned around 1:44 of the video as "The Chamber of Commerce" is actually a for profit affiliate website, not the official website of the US Chamber of Commerce government entity. They didn't do a study in conjunction with Speed Queen, they are simply referencing a study that Speed Queen did on their own, which again should be taken with a large grain of salt considering they are a private laundromat franchising business.
My question for you, when you buy a business like a carwash or laundromat that is not close enough to drive to often and check on yourself, who do you get to empty your cash out of the machines? Is there a company you hire to do this for you? Or do you hire someone to manage it and hope that they don’t pocket cash while emptying the machines?
Stacking the odds in your favour definitely makes sense. I would add that you need to have the right mindset , be consistent and be at the right place at the right time. I have made some big mistakes that took years to get out from under...going all in to Real Estate just before a recession, putting life savings into the stock market just before the biggest downturn since the Great Depression...etc. This video gives me inspiration again. Simple is good. Low risk is good .Yes. The biggest challenge has been getting past my learned cynicism. Thank you.
Omgoodness you sound just like me once worth 400,000.00 to 5,000.00. Had 4 houses 2 paid off then I crushed my back in bed for 3 years and.... I was 48 years old now 65, I'm alive and well which I know is the greatest blessing in life but.... my social security is 600.00 a month so what would you suggest? Thank you, hope all your dreams are coming true! Teresa Griffin
Yes people don’t highlight mistakes. Yes, real estate has been good for many years, but it hasn’t always been. You really have to do your homework before buying
The video does an excellent job of not just listing business ideas but backing them up with data and real-world examples. This adds a layer of credibility and practicality that is often missing in similar content. It's a valuable resource for anyone looking to venture into entrepreneurship with a calculated risk.
Houston - yes Sprinkles has THE BEST cupcakes. One night I got lucky and they were about to throw out cupcakes bc an order was cancelled. Me and my friends got a dozen red velvet with buttercream free. I didn't even know there was someone inside until the door opened
Im an engineer and researched a lot about what side businesses to get into that has little oversight and came across owning a route delivery business. Now I own a Pepperidge Farm Route and service 7 large retail locations and 4 cash stops and have a full time driver driving the route and servicing these stores for me 4 days out of the week. We work out of a shared depot with other distributors and we get snack and bread deliveries there that we stage in our own section and load our trucks with and go out and do deliveries. Now I only sit at home and place 2 orders online weekly while my driver takes care of the rest for 10% of the weekly sale as pay. Its amazing! And so much potential to grow with more locations and also buying other routes. One guy in our depot owns 4 routes. I look forward to the day I own multiple routes.
@@ambitious6396 Sure, theres all kinds of route businesses for sale such as ATMs, FedEx, Bimbo, PF etc. You are buying a territory that only you have exclusive rights to sell to retailers so all the Walmarts, Meijers, Krogers in your territory can only buy from you and no one else. You are paid a comission from the weekly sales you do to the stores.
Hmmm. If you are paying your driver 10% of weekly sales, just wondering how much commission your biz is getting from the producer? The commission must be very lucrative and good.
@@oldbanker Depends on the company. PF pays out 23% for bread and 20% for snacks. Most distributors are owner operators but I dont want to stop at 1 route Id like to expand to multiple routes with multiple drivers running it so Im okay making less since its not my main source of income.
forgot property maintenance. from private residential to commercial, grass always grows, snow will always fall, and often this service is a requirement for certain insurances. It costs as little as a few hundred to start and now I basically mow lawns for 6 figures without need of staff (and if I was able to hire good people I could have a million dollar company, I just don't trust others to represent my company when I'm not supervising).
There is something to be said about a self storage with a manager on-site. It definitely gave me peace of mind that issues could be addressed quickly, if/when they pop up. Luckily, they never did when I had a unit, but I would pay a reasonable amount more for that personal service.
I'm a Small business owner surviving the ups and downs. Love your content because it helps me think of my business vs working in my business. Keep up the amazing channel! 💪🏼
I am glad I made productive decisions about my finances that changed my life forever. I am living in Vancouver Canada, bought my second house in September and hoping to retire next year at 50 if things keep going smoothly for me
@@ariaibrahim1291 Yes it sure is. I put in money in investments and get profits. That 's how I make more money without working. This does not sound new to you right ?
@@chrisjohn7823 Yes I recommend the service of Mrs Caroline Renee Steiger she is a great financial consultant and has made a great impact on my financial journey.
@@lilianazuluaga6504 yeah she does, she's an exceptional and lucrative broker at same time. I just bought my dream Mercedes from last weeks profit. All thanks to her expertise.
About 20 years ago my husband and I researched campgrounds and RV parks. We read that the ROI on them was very quick. I'd love to hear what you find out about them as a business model.
@Jody Hakala-Ristow We didn't get one. It was over 20 years ago and was mostly RV parks that we looked at. Now that Hip Camp is a thing, we are revisiting the idea. Should have got in sooner before Missouri land prices have skyrocketed because of so many people moving here to homestead.
Strangely enough, Ive owned 2 of these businesses talked about. 1. Laundry Mats. Three things you need to keep aware of before starting one. LOCATION. LOCATION. LOCATION. The laundry mat I own for a couple of years was in a poor location. Maintenance is a must. Cleaning will also be a big part. But this type of business can be very good if you're willing to put in the time. 2. Trucking. For this, she doesn't know what she is talking about. Trucking companies go out of business all the time. A lot of drivers founds themselves without a job while on the road because their company went BANKRUPT. 50K to 150K for a rig? Yea, if you buy something 5 years old or greater. Be prepared for a mechanic to fix your truck to be roadworthy. Regulations? Yea, and if you don't know what you are doing, I suggest you stay out of trucking. I'm an owner of my company, with my own authority, and my own rig. If you don't have a clue of what I just said, go somewhere else to invest your money.
yea i'm not in the trucking business but i could immediately recognize those numbers don't add up. A new f150 costs 50-100k now so there is no way you are buying a large commercial truck in good condition for that price. I image it costs 2-3x what she suggests. I suppose if you are also a mechanic you could buy a cheaper truck but then you are adding even more risk into the model.
Cody, absolutely excellent information. You presented so much in such a simple, structured way that I can understand. Thank you so much for all of this insight.💚
I have had a lawncare business for the last 12 years, and if I get out of it, it won't be because I have gone under. Most of the businesses you named in this video have as good a chance of failure, as they do of success. the number one reason any business goes under is financial mismanagement. This ranges from using company funds for personal purposes to not paying the people who are working for you. It's hard to pay people with money that isn't there. Bid a job too low, and you risk not being able to pay the help. Bid it too high, and you risk losing the job. It's a crapshoot, and it comes with experience. It's also one of the easiest businesses to start up, requiring only a lawn mower, a trimmer, a blower, a gas can and a vehicle to haul it all in. Drop an ad or two in the local shopper paper, and you're on your way! I have seen people haul everything in a mid-sized car. Before long, they had a reliable truck. It doesn't take long, if the work is good and the customers are treated right. You can make as much, or as little, as you want to.
@@antoniot7928 Depending on how the new owner treats the customers, it could! I have had some customers for over 10 years. I may not be able to "write the book" on Customer service, but I could sure contribute some well-meaning articles.
Sounds just like my mobile vehicle detailing business. Low cost, high demand...doing work a lot of people don't like doing...and for you that would be mowing the lawn. 🙂
Started a pet sitting service in 1994. Still going. Almost 30 years……survived the pandemic when no one was traveling/stayed home from work, so no dog walking.
IBA Carwash and Laundry combined = few staff = 24/7 = cash flow = different business model from Express Car proliferation and 6 million price tag to enter market .
@Jonathan Sexton Oh right. Whaaaat? I have no idea what you mean, that stuff would make me flip my lid. The guy is simply making an observation. Realistically most people will not be able to start these, not to say that was this video's intention.
I'm a truck driver and have heavily researched the topic of running a small business. It is a tough time to start and you've really gotta know how to manage risk. If you rely on one truck for all your business and that truck goes down, you not only gave to pay to get it fixed but also you lose out on the money you could be working. A bad enough breakdown will bankrupt you if you're not prepared.
@@bendover-bz4bc maybe insurance but most trucking insurance doesnt to cover this, if you get a warranty on your truck purchase you might get lucky with that and not tank your business
I’ve seen a lot of tough guys crying for real in the Trucking Business. It’s really hard but once you get things in control you can make a descent living 6 figure plus.
Great content. I loved this topic because you did the work for us that are looking into starting a business. Maybe you should do a video on the worst businesses according to the data, to show a contrast.
Just started watching your videos- this is my 3rd one - and I have learned so much and my gears are turning on what small business(es) I can buy or start. Really like your style! 🎉
Hey Cody, thanks for the video I’m new to you. I’m selling my sass company and hopping on Flippa to see what they are up to. 🙂 I’m 62, built 7 businesses and love that you are leading the next generation of entrepreneurs. You are an inspiration!
Wow , You are also inspiration to us. It will be my pleasure if we get connected on any social media platform to know more about your successful journey. Thanks
I am thinking about a new type of restaurants: eating-spots in eating-spots, food keeps changing, chefs also rotate this is opposed to current restaurants, thanks to this rotation of food and chefs, eating-spots are more powerful than restaurants. along with that, there is an app, people vote for the food that will be cooked in the next days menu is influenced by the live input of the people via an app.
Codie. I have to say. Out of all the financial RUclips content I have binged. Yours has saved my dream. Every video has me excited and motivated. I have a way to go…. Never learned anything about money. Bad debt…. But if I stay on track. I will be in a decent place within a 12-18 months. Thank you.
Bought One House to rent, own many more.. & properties & land but made billions in crypto & on the stock market. I let the realtors collect & use the rent money plus they use it to renovate & lend for future investment or vacations... The longer the house is rented the more money we have to play with..
@@CodieSanchezCT what are your thoughts on a moving and storage company, and your thoughts on a freight brokerage? You’re great thank you for all of your great content!
Just found this channel and am in awe and slightly intimidated by you! You are absolutely brilliant. Im currently in the process of buying out my father so he can retire. But love the idea of diversifying in boring passive businesses. Ok, I got to get to work.
I live in Europe and never understood those laundrymats... maybe 30 years ago and even before it was a thing, but now everyone, I mean EVERYONE, has a laundry washing machine at home... Very strange
I have saved up quite a reasonable amount and I am equally confused on the where and how to invest it. Currently stuck between four options Laundromat, stocks, Senior care centers and Real Estates. Can't seem to find the most appropriate one as I also battle with time constraints and sustainability.
Why not at least two/three of them? Given the present economy, you should never forget to diversify. Do not put all your eggs in one basket. As one who has been into Real Estates for as long as I can remember, I made my first million earlier this year from stocks alone (through the help of a pro though because I also don't have a lot of spare time). I also experiment with a couple of other things. Hard to imagine that I had initially refused to try out new possibilities. Good luck.
@@dannywalters958 Very sound and pragmatic. I have been into both stocks and housing for sometime now and though I won't say I have lost a fortune, I have squandered quite a lot. If it's not a problem, do you mind recommending the pro. you worked with? I could definitely use the help of one right now... I look forward to your reply...
@@ecarlson8943 Funny enough, I can honestly relate. It's not as easy as it may sound and requires some sacrifices but it is definitely rewarding. I don't know if I am permitted to go into details here, but her name is "Leah Marie Sandock". Was in the news a lot in 2018. You may look her up for more.
@@dannywalters958 wow I know this little lady. Once attended a fundraiser she was also in attendance in Vancouver,, Great speaker with a funny accent,, She's American though, I doubt she works with foreigners,,,
Loss 100% within 2 years when I started Hotel accomodation, also Coffee shop with franchise, now I'm planning to other business renting private jet, wish me luck. Thanks for your Video.
Codie. Good content. I’m just a regular W2 employee who Climbed the ranks. I live below my means and invested delta into single family real estate. I have 5 homes now and renting it out in Class A areas. The cash flow eventually will pay me to live once loans are paid off. Also, bought in 2020 and 2021…. My loan rates are 2.99-3.6%…. Talk about great timing and luck..l my online savings now pays 2%!
They should cash flow as soon as you find a tenant. Then when rented, refinance, use funds to buy the next rental. Repeat. Remodel, rent out, refinance, buy next rental. This will become a business generating income just in the process. Then you can use profits to pay off each house early. AirBNB some during vacancies to maximize profits. Keep that going and you’ll be cash flowing while steadily making more money and buying up more proprieties. Also start your own property management company to control the process of renting. Get paid twice. And you can offer property managemnt to other rental owners.
I would love to start a business that sells retired laundry from storage facilities through a vending machines located in a retirement community building that I collect rents from.
I am an investor, broker, and owner of Commercial Real Estate. People always ask me how do I get into what I do. This video is definitely one I will start sharing. It's a great exposition and it's brief where people can definitely engage. Good work.
Want more low risk ideas? Check out another 130+ boring businesses you could buy for high returns here: contrarianthinking.biz/130boringbiz-yt-lg
Really need some help. Tired of struggling. Can you give me any advice on ways to make consistent money!
Hello @CodieSanchezCT, I’m seeking a resource I can compare business revenues to identify which have the highest Operating Income relative to entry cost. I’d pay to know how I can focus my efforts on acquiring those businesses sectors and services. Any help would be appreciated. Thank you!
What did you study in university? I have no idea where to begin.
Since I'm not going to read all 2.6 k comments, I'm thinking the smart thing to do is put my vending machine inside of my laundromat or storage co 🤔 😉
@@ardenmariemccray7700 awesome idea!!!
01:20 laundromat
02:41 real estate
04:50 self storage
06:29 transportation
09:53 vending
12:19 senior care centre
Thank you for saving me the time of having to watch this video. These are awful ideas.
Thank you! I appreciate you!
@@user-lr5cx1ni4r she didn't say that you should get into these businesses. She said these are the ones that statically DO NOT FAIL. Why are they bad ideas in your opinion I'm curious???
Thank you for saving me 13mins!!
@@user-lr5cx1ni4r Please enlight me on how is real estate an awful business bruh. Hold, Let me grab my popcorn while your brain blows up trying to think on this one bruh.
people need to realize that businesses mainly tend to fail due to the businesses not obtaining enough customers. Marketing and sales are very valuable skills to have. I started Amazon a year ago and already crossed 150k\month, what I liked about Amazon that you do not need to bring traffic yourself (Although you could).
I am glad to hear about your success. I started Amazon FBA as well but little struggling, Do you mind to explain how to rank to best seller? And can you share where did you learn? youtube information is very limited
Thanks! You need to seII the the largest qty of units on a daily basis within your sub-category.
The book you learned from is Passamzalgo right?
correct.
found it! thanks a lot!
Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life!!
Starting early is simply the best way of getting ahead to build wealth , investing remains a priority . I learnt from my last year's experience , I am able to build a suitable life beause I invested early ahead this time .
We must consider safer investments with promising returns in order to plan for the future. If you approach investing with a five-year perspective and simply DCA whenever you receive a check. Under the direction of my investment advisor, "DEBORAH SUE BOHN", whose expertise in portfolio diversification is unsurpassed and client-focused, my portfolio has gained almost $643k since January 2022.
@@BenjaminMcLeod815 Hello, who is the lady you just mentioned?
@@BenjaminMcLeod815 i found the lady you just mentioned, she seem pretty proficient
@recemadison Is that the same Deborah Sue Bohn that is in jail for fraud?
Considering the recent developments involving SVB, Signature Bank, and First Republic Bank, reminiscent of the 2008 market crash, is it prudent to continue saving in the United States dollar? Alternatively, would it be wise to contemplate investing in gold amidst these circumstances?
Investors should be cautious about their exposure and be wary of new buys, especially during inflation. Such high yields in this recession is only possible under the supervision of a professional or trusted advisor.
I completely agree. I have been consistent with my profit regardless of the market conditions. I got into the market early in 2019 and the constant downtrends and losses discouraged me, so I sold off. I got back in December 2020 and this time with guidance from an investment adviser who was recommended by a colleague.
@@SophiaChristian-so2of Mind if I ask you to recommend how to reach this particular coach you using their service? Seems you've figured it all out unlike the rest of us.
Margaret Johnson Arndt 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
Thanks for the lead. I saw her website and I sent her a mail
My wife and I did very well in the amount of money that we amassed for retirement. Well over 80% of that money was made because of taking advantage of buying high-end stocks at a deep discount during the Great Recession. 2009 I fired the stockbroker got rid of all mutual funds and bought individual dividend stocks. Be patient don't get scared and do your homework and you can make a killing
@Patricia Martin I'm sure the idea of a Investment-adviser might sound controversial to a few, but a new study by investopedia found out that demand for Invstment-Managers sky-rocketed by over 41.8% since the pandemic and based on firsthand encounter I can say for certain their skillsets are topnotch. I've raised over CAD580k within 18months from an initially stagnant portfolio worth CAD150K which was devoid of dividend stocks. These are the high-volume traders.
@@geraldantonio3160 you're telling me old rich people got scared and wanted a "professional" to help? 😂😂😂
@@geraldantonio3160 ya she paid or her company paid for her to do that to get clients ... Duh
Smart on the dividends. Recent advice I was give was to buy into business over 5 years old
hi I have a got a genuine business to work it, if you are serious enough to know it, let me know we can work and expand together
I love this video!
1:16 - Laundromats
2:37 - Real Estate
4:43 - Self Storage
6:20 - Trucking (Transportation)
9:52 - Vending
12:05 - Senior Care Centres (Healthcare)
You’re awesome
Danke schön.
All but Trucking as the industry is very misleading. Trucking has a low barrier to entry yet in recent years have a high failure rate. As a matter of fact most lenders have placed new trucking startups in the risky business category and have excluded them from startup funding. You have to buy new vehicles as maintenance can put you out of business before you get started. Staffing is also a huge issue. Keeping staff on long term is almost impossible
@@caseymcnair5845 Is it mainly due to new regulations or something else?
Are other transport service startups still viable?
Thanks for the video! I think the worm business would take one of those top spots :) They sell for a pretty penny per pound, and they make the best fertilizer on the planet AKA Black Gold! I raise millions of worms for fertilizer for my garden and to teach others how to care for them :)
Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.
Wall Street pitched so-called quality stocks with high profitability and low debt, as a kind of insurance against whatever the economy might throw at you. Quality stocks have underperformed the S&P500 this year, My $200k portfolio is down by approximately 20 %, any recommendations to scale up my returns on investment
Nobody knows anything You need to create your own process, manage risk and stick to the plan, through thick or thin While also continuously learning from mistakes and improving.
Exactly why i enjoy market decisions being guided by a pro , seeing that their entire skillset is built around going long and short at the same time both employing risk management and market experience , been using a portfolio-coach for over 2years+ and I've netted over $3million in that time frame.
Do you mind sharing info on the adviser who assisted you? I'm 39 now and would love to grow my stock portfolio and plan my retirement
The adviser I'm in touch with is 'Catherine Morrison Evans, she works with Merrill, Pierce, Smith incorporated and interviewed on CNBC Television. You can use something else. for me his strategy works hence my result. he provides entry and exit point for the securities I focus on.
If you wanna be successful, you most take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.
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 like I did. If you get the facts about saving and investing and follow through with an intelligent plan, you should be able to gain financial security over the years and enjoy the benefits of managing your money.
The stock market rally run is gone, but I'm not
sure if equities will swiftly recover, keep falling, or fluctuate in a narrow range for a few weeks, or if things will quickly get worse. I'm under pressure to increase my $300k reserve.
@@pierrelouis6841the market is profiting if you are using a good broker or account manager to help out with trades or provide signals
Making touch with financial advisors like Kimberly Kent who can assist you restructure your portfolio, would be a very creative option. Personal financial management will be crucial to navigating the next difficult times.
Her strategy trade EUR/USD is quite impressive and her currency pairs are 100% beneficial. With her help I've been able to leave my 9-5
6 Businesses with low failure:
1. LAUNDROMATS
2. REAL ESTATE
3. SELF STORAGE
4. TRANSPORTATIIN
5. VENDING MACHINES
6. ELDERLY HEALTH CARE CENTERS
*TRANSPORTATION
Thank you. Surprised I had to scroll so far down for this.
Thank you for the summary. Much appreciated.
You forget about cleaning and barbers 2 things the world needs unless you are just a dirty bald bastard .
thank you, needed to get to the point :)
Is there anything like proof recession stock? I am 58 years and would like help in managing my retirement portfolio which is currently $1.25M...down from a high of $1.67M….
It's a delicate season now, so you can do little or nothing on your own. Hence I will suggest you get yourself a professional that can provide you with entry and exit points on the securities you focus on.
Very true! I've been able to scale from $350K to $650K this red season because my FA figured out Defensive strategies to protect my portfolio and profit from this roller coaster market.
Having a coach is key in a volatile mar-ket, My advisor is "Eleanor Cecilia Schnell" You can easily look her up, she has years of financial-market experience.
get a financial advisor
Chinese stock
But how do you get customers?
Mostly word of mouth is what always worked best for me
That depends on the business you're in
Not really it's more the strategy your using to get customers
But sometimes the nature of your business will play a role
Social media marketing
The financial market is one of the most powerful wealth creation tools that we can use to become extremely wealthy. If you save money, your bank account will grow by a certain amount of money each year. If, on the other hand, you invest your money, your portfolio will grow by a certain PERCENTAGE each year. The distinction between these two concepts is enormous. My net worth has grown by $800,000 since the fourth quarter of 2019.
There are numerous misconceptions about investing in the market, which is why so many people fail to capitalize on it. However, given the current CPI figures, it is not advisable to have money sitting around with no or little profit. I have $60,000 to invest, but it's difficult for me to bite the bullet and do it. What happens if I lose everything?
You need a Financial Advisor, my friend, to avoid being taken advantage of. They offer personalized advice to individuals based on their risk tolerance, putting them among the best of the best.. Some have a terrible reputation, others with a strong track record can be quite good
I completely agree with you; they can have a positive impact on an individual's portfolio. I began with “CHRISTINE ANN PODGORNY” a trust Financial Advisor. She is verifiable, and her work ethic is in accordance with the 1940 US Investment Act. Her approach is transparent, low fees, and gives me complete ownership and control over my portfolio.
I've been wanting to start investing for a few months but haven't had the courage to do so because the market has been down for the majority of this year. Please tell me how I can rely on such abilities.
She is popular. Therefore, finding her official-website should be easy. Just search for her complete name online.
Top (low failure rate) businesses
Vending Machine
Real Estate
Healthcare
Transportation
Agriculture
Dump Truck
@Philip Max Good choice you have made, its also impressive it has worked out the way you planned however not everybody knows their way around the stock market, I did some trading my self last month I lost some cash lol, do you trade yourself? are you a Professional ?
Suresh ji apka kya business hai
You work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $10k in a meme coin for just few months and now they are multi millionaires. I pray that anyone who reads this will be successful in life
Thanks for continuing updates I'd rather trade the stock market as it's more profitable. I make an average of $34,500 per week even though I barely trade myself.
I'm favoured financially, Thank you Jesus $32,000 weekly profit regardless of how bad it gets on the economy.
Doing what? Stocks? Which ones are you investing in? I would really love to be making 30,000+ a week
The stock market rally run is over but I don't know if stocks will quickly rebound, continue to pull back or move sideways for a few weeks, or if conditions will rapidly deteriorate.I am under pressure to grow my reserve of $250k
very true! I started investing in 2021 and that same year I pulled a profit of about[$300,000] with no prior investing experience, basically all I was doing was seeking guidance from a financial-advisor, so you don't necessarily need to be a perfect investor, just have a professional assist you.
How can one find a resourceful FA, I buy the idea of employing their services, its a shame market crashes as of late have become a sort of habit for stocks.
My advisor is ’DELLA MORLEY PRATHER’’ In terms of portfolio diversity, she's a genius. You can glance her name up on the internet and verify her yourself. she has years of financial market experience.
I just looked up Natalie on the net and researched her accreditation. She seem very proficient, I wrote her detailing my Fin-market goals.
The vending machine industry is very tough, in my experience. I did it for several years. Failure may be low, but it's a long and hard grind. Finding ideal locations can be very difficult, as they are limited, plus it's a highly competitive market. Secondly, if your product is perishable, it's very easy to end up with waste. Sale trends are unpredictable (week to week changes). Maintenance and repairs are also rather costly, due to a lot of moving parts and people abusing your machines.
Better than a minimum wage job
Once you find an ideal location can't you just stay there? Why move around?
@@LisaMaeFilms In order to make a living, you need numerous machines, so that means numerous locations. Finding them is very hard, and finding profitable locations is even harder. I've had several locations that would sell around 3 items a week, if I was lucky. Not nearly enough to help sustain a business.
@@keithwisdom1663 Fair enough, but I'm fortunate enough to have a skill set that places me above the minimum wage bracket, which is why I checked out of this vending business.
*VERMONTCORPLTD* is young. Holding almost anything mentioned here is a good hold because the VHS or Beta will only show in time. I want to hold them early. Its sad that most dont think of these things as good future holds instead of being out of the market and bottom hunting. Are we the adopters or are we scavengers? surely one of these layer ones will become the standard and i dont want to sell any of them too early.
This goes to show the prominence of financial assistance. Glad to have found your channel
Right! mostly because professionals manage most of these tactics and loopholes better. I was able to scale from $35K to 65K this crash by following my coach's advice
@Bianca Rantzsch | Your Way of Life: Individuals constantly fight with the obvious temptation to want to do tasks on their own while overlooking the existence of a process. Direction and fundamental data cannot be overlooked, which is why you risk getting buried in the market noise (consolidation) or ignoring some critical factors that have an impact on the performance of any asset. Stocks generally follow the fundamentals, and markets are more complex than merely technical analysis.
@@tommyfisher277 PLS WHO COACH IS? INSHA ALLAH
@@alyoshaivanovv This is the major problem with newbies or people who's hand luck trading.
@@aliyunko9689 It's best to keep an eye out locally but currently under Yvonne Annette Lively's management.
I had a successful flower shop for over 6 years , I sold in 2010 cause things started going south , I owned the property. The sale was horrible, but glad I did it , put 2 kids thru college with it , employed by others after , for 12 years now and hate it sooooomuch and not doing well mentally . ..that’s the hard part , working for others after being self employed
Making money should be a routine A weak dollar can signal an economic downturn, making me to ponder on what are the best possible ways to hedge against inflation, and I've overheard people say inflation is a money-eater thus worried about my savings around $200k
As with any big financial decision, it’s important to keep your guard’s up for economic risks. However, smart planning, time management and seeking advise from a financial adviser can help keep you and your money safe.
@@MatthewVinson She’s a verified CFP and she helped me see that returns can be made in both bull and bear markets. She covers things like investing, insurance, making sure retirement is well funded and looking at ways to have a volatility buffer for investment risk, lots of things like that.
The first step is to not tell people on the internet the amount of money you have in savings while using your full name and a pic of you. I would delete this message or edit it to not say the amount of money you have.
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Thanks
Silver/Gold
The list:
1) Laundromats
2) Rental property
3) Self storage
4) Last mile delivery
5) Vending
6) Healthcare
Thank you. :)
Literally I've seen every single business on this list fail with some regularity in my community alone. I get it, these are less likely to fail but I think being an internet "financial guru" has the lowest failure rate, "teach" people skills that you don't have without giving the drawback and downside.
Timestamps please!
in her diary of a CEO interview she said a laundromat was a terrible business to buy, so I didn't get how since its her favorite example.
Cremation business should be #1 in this list
I feel sad that even though I am investing, I don't have the brain power to dig through how each company is doing, is this a good time to buy stocks or not, my reserve of $450K is laying waste to inflation and I don't know what to do at this point tbh, I need solid data on market trajectory
I'll suggest you find a mentor or someone with experience to guide you especially in this recession..
I agree, that's the more reason I prefer my day to day invt decisions being guided by a invt-coach, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using a invt-coach for over 2years+ and I've netted over 1.5million
@@PhilipMurray251 I've been thinking of going that route, been holding on to a bunch of stocks that keeps tanking and I don't know if to keep holding or just dump them, think you inv-coach could guide me with portfolio-restructuring
@@driftgod7894 Trying times are ahead, and good personal financial management will be very important to weather the storm. It would be very a innovative suggestion to look out for Financial Advisors like " Donna Di Lanni , who can help shape up your portfolio.
I am thinking about a new type of restaurants: eating-spots
in eating-spots, food keeps changing, chefs also rotate
this is opposed to current restaurants,
thanks to this rotation of food and chefs, eating-spots are more powerful than restaurants.
along with that, there is an app,
people vote for the food that will be cooked in the next days
menu is influenced by the live input of the people via an app.
The problem we have is because Most people always taught that " you only need a good job to become rich " . These billionaires are operating on a whole other playbook that many don't even know exists.
Money invested is far better than money saved , when you invest it gives you the opportunity to increase your financial worth.
" It is remarkable how much long term advantage people like us have gotten by trying to be consistently not stupid , instead of trying to be very intelligent."
The wisest thing that should be on everyone mind currently should be to invest in different streams of income that doesn't depend on government paycheck, especially with the current economic crisis around the world. This is still a time to invest in Stocks, Forex and Digital currencies.
Even with the right technique and assets some investors would still make more than others. As an investor, you should've known that by now that nothing beats experience and that's final. Personally I had to reach out to a stock expert for guidance which is how I was able to grow my account close to $35k, withdraw my profit right before the correction and now I'm buying again.
Trading under the guidance of an expert is the best strategy for beginners.
I like the ideas about laundromat and self storage. Long haul trucking however is getting killed by brokers (taking 20-50% of the profits from truckers) for basically doing nothing. Plus with fuel costs and mechanical breakdown, pretty much only large Corporate players are surviving this market.
Insurance and maintenance costs have gone through the roof too. Too many trucks for so little freight. Even the bigger carriers are feeling the heat too
and not to mention state licensing, registration and IFTA fees
How do we get around the brokers. I'd have to agree trucking sucks right now
A WEALTH TAX would do some justice…. Just saying! Some people have never had any wealth due to this capitalist system, even the ones who worked for it for many years!
There are a lot of strategies to make tongue-wetting profit that the average joes don't know. . Personally, the financial-market for me seems the only way forward with my long time horizon (accrued roughly $457k in gains since Mid 2021 ) but if you don’t have that fortune of time it’s a tough market out there almost nowhere feels safe!
If you’ve got patience I believe it’s a great time to invest… I’m no expert but as Warren buffet said he’s seen this happen a number of times throughout his life
I've known I had wanted to start investing for a few months but just haven't been brave enough to start due to the market so far this year. I have $60k I want to transfer into an S&S ISA but it's hard to bite the bullet and do it. $457 is a huge milestone, Please what's your strategy? I will love to have an insight
I began with a fiduciary portfolio advisor by the name *PRISCILLA DIANE AIVAZIAN* . She’s verifiable and her works ethics is in accordance with the US investment act of 1940. Her approach is transparent allowing total ownership and control over my portfolio with fees very reasonable in comparison with my investment-income. Also, She covers things like investment insurance, making sure retirement is well funded, Go over tax advantages , ways to have a volatility buffer for investment risk. many things like that.
Word of the day: fiduciary. do not talk to anyone who is not a fiduciary to you, who explains everything.
*PRISCILLA DIANE AIVAZIAN* really seems to know her stuff. I looked her up on the web using her full name and found her page, read through her resume, educational background, and qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I'll book a session with her
Nice video. But let me talk about something major, I see both young and old making mistakes they shouldn't be making, I think everyone,both young and old, should have an investment plan that increases their financial return by three to six figures, the investment can be your retirement plan or your investment plan, whichever you want, but what matters most is that you have a profitable investment
I have tried investing in Forex, cryptocurrency and stock market and keep losing, please do you have any advice or help for me
@@mariocastaneda1442 Investing in Forex or the cryptocurrency market needs a professional to guide you to avoid losses because the signals are not exactly easy to read, that's why you have to invest with an expert for a better profit.
@@okekeuche7176 Which expert do you recommend and how do I contact him
@@mariocastaneda1442 Angelina Morris is the best expert I can recommend, I have made a good profit investing with her and I'm still in business with her.
@@mariocastaneda1442 You can write her on
I don't understand why youths and adults are still poor when they have a smart phone and great opportunities on how to make money
Assets that can make wealthy
Crypt0
Stock
Real estate
Gold
Investing in $crypto$ is the most profitable investment due to its current rise, huge profits and future benefits.
When you invest you are buying days you don't need to work
people who say investing is risky are some of the biggest losers in the
Investment market.
How did you make contact? I think I need one.
At the age of 23 I purchased a residential Assisted Living Facility or “Senior Care Home” with no money down and a $350k loan and sold it for $1.3M. It helped fund our next businesses as well. Thanks for sharing Codie!!! Love your content!! I always get excited when people talk about senior care because it’s not that common amongst the business community.
How did you find the business?
Yes how did you find it for sale ? Invest in real estate but I like higher cash flow businesses.
@@jaysanchez6106 it was in foreclosure and was listed for sale with a commercial real estate broker.
@@justinhenryrebel it was listed for sale with a broker. It had always been licensed as an assisted living facility so we purchased it vacant with the intention to use it as a residential assisted living facility. Now they are popping up all over.
@@KrisChana Thank you for your replies, that was a incredible success.
As recession fears mount on Wall Street and inflation remains well above the Fed's 2% target, some of the top commentators in markets, business, and economics have been sounding off on just how bad they think the next downturn might be - and how far stocks may have to fall. I need ideas and advice on what investments to make to set myself up for retirement, my goal is to have a portfolio of at least $850k at the age of 60.
It’s precisely at times like these that investors need to be on guard against the next certainty. You don’t have to act on every forecast, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.
I agree. Based on personal experience working with an investment advisor, I currently have $385k in a well-diversified portfolio that has experienced exponential growth. It's not only about having money to invest in stocks, but you also need to be knowledgeable, persistent, and have strong hands to back it up.
@@colleen.odegaard I’m new to all this, heard it's a good time to buy and basically I've just got cash sitting duck in the bank and I’d really love to put it to good use seeing how inflation is at an all time-high, who is this coach that guides you, mind I look them up?
"KATHERINE DUFFY BURKE" is the analyst/investment-adviser. She has been of great help and her tutelage has brought me to a higher understanding of profit generation. You can look up her name on the net for her page and reach out. Understands the job perfectly
@@colleen.odegaard Thanks, I merely looked her up on Google and was highly impressed by her credentials; I got in touch with her because I need all the help I can get. I just Hope to set up a phone call.
Creating wealth and gaining financial freedom isn’t as difficult as lots of people think. Through the right information, building wealth and staying financially stable forever is way easy. Investing is the only true way to earn a great income and staying wealthy forever..
The first step to wealth creation, is figuring out your goals and risk tolerance - either on your own or with the help of a financial advisor. If you can get the facts about savings and investing with a well detailed plan, you should be able to gain financial security over the years and enjoy the benefits of managing your income.
You’re right! Working with a financial advisor will genuinely set you up for success in life. I’m glad I was able to hire a financial advisor John Desmond Heppolette, earlier this year while others were complaining about the downturn in the financial market, I was busy cashing out from my investment, eventually making over seven figures in the first quarter alone…
That's great, your financial advisor must be really good, I have seen testimonies of people using the help of financial advisors in making them more financially stable. I just discovered his exceptional resume when I made a Googled search of his names. I consider it a blessing that I discover this comment area!
I’m impressed by John Desmond Heppolette, professionalism and expertise in financial planning. He took the time to understand my financial goals and provided personalized recommendations that have proven to be successful, with this guide I make monthly returns from investing in assets and mutual funds..
It amazes me greatly how I go from living an average lifestyle to making over £63k monthly, utter shock is the word. I've learned a lot in the past few years to doubt that there are plenty of opportunities abound in the financial markets; the only thing is know where to focus.. Thanks to John Desmond Heppolette.
Hello Codie, my husband and I just got approved for $98,000 in small business grant program. We own a clothing brand that we have intended to invest this money on, but I will appreciate if you have other business suggestions because this is a one-time life opportunity, and we want to make best use of it. Appreciate your reply🙏🏽. I subscribed ❤
Congratulations
@@Luisminegocious Thanks
The public storage business model is, by far, the highest-profit versus lowest-risk business discussed in this video. Of over 100 public storage businesses I know of, every single one of them has remained hugely profitable every year, no matter what the economy is doing, and no matter where they are located (even in very rural communities). Oddly, they seem to do slightly better when the economy is actually doing worse. What's more, there is far less risk or maintenance involved, as you don't have to worry about things like broken plumbing (like you do with homes), or other costly issues, and as long as you have all the proper legal and insurance protections in place, you'll never be at risk of legal issues, provided you aren't some type of criminal.
Seriously, if someone gave me $10 million today, I'd invest all of it in a storage unit business, and then spend a lot of time picking out a good married couple to manage it for me, and even do a profit-share program with them, so they had a vested interest in the business's success. Within 6-8 years (most likely), I should have recouped my money, and from that point on, I should be clearling high-six or low-seven figures per year.
Sadly, other investors have known about this for over a decade, and have started to buy up all the storage unit businesses in several parts of the United States.
Solid list you have here! Businesses that answer the needs of the local community like a laundromat have a higher chance of thriving than businesses that don't. More of this, please!
Hi Codie; I have to humbly admit I’ve just discovered you and your chan after I’ve seen your interview on “The diary of a CEO” so I’ve subscribed here and this was the 1st video I’ve watched. Spot on inspirational, but even more so, I found it as exactly the kind of encouragement one needs to get when in the mindset of getting rid out those golden handcuffs you were talking about wearing yourself at some point. The thing is, personally I am very lucky to very much enjoy my job & work, but I am still on track to keep my promise I made myself when letting go of my full time business in my 20s to go get employed and, as I said back then, “learn on OPM for a while” before I come back to doing my own thing. Again, thank you, you are a true inspiration! One!
What's a OPM?
I love this Codie. Another option to consider is a simple parking lot litter cleanup business. People litter. They always have and always will. Fortunes are being made by people willing to clean up after others. I started this business in 1981 as a side hustle and grew it into a six-figure business of 40+ years. I started with little money, skills and education. It's almost as easy as a walk in the park! The service is performed on-foot using simple hand tools. You contract with property management companies (and others) to maintain their commercial properties litter free. You can't fail so long as you're passionate, patient and persistent.
I’m trying to find things for my teenage son to start doing. This sounds legit so I’m gonna bring it up to him. :) How many times a week do you visit the properties? Any tips? What’s the name of your business?
I recommend service 3-7 days a week depending on the size and tenant mix of each property. The focus here is to maintain these properties litter free rather than cleaning up a build-up of litter debris. I offer tips and free support in my book Cleanlots - America's Simplest Business@@emmysmith2236
This is such a good idea! I will probably take this and implement it. There’s about 3-4 teenage boys I could pay hourly for the work.
@@ninagrace-lee8323 Make sure you can trust them to be reliable and show up to do the work.
I agree with #1, #2, and #3 as I've personally have invested my hard money into these business. I have to COMPLETELY DISAGREE with #6 regarding senior care or healthcare. We started a residential assisted living home by converting a one-story 5,000 sqft home in a residential home into a senior assisted living facility. This is not a real estate play and is absolutely a heavily labor, staff, and customer intensive business. Unless you've owned, experienced, or invested 1st hand with your own money at risk, I would avoid and run away from this last #6 business. PM and I can tell you the countless horror stories, sad situations, disturbing, etc. Save yourself the time, headache, and money and go with business #1,2, or 3 instead.
thanks for advice mate, best of luck 👍
I work in healthcare, so I highly agree that you should not be the owner, but to sell to a client that will contract the other departments out.
Yes but it’s highly profitable so worth the work
And the government helps you A LOT. It is a highly skilled area though.
I agree with you.
A lot of laundromats start to fail in Belgium as the electricitybill rises month by month. And it's impossible to ask 10 dollars for a wash for example. Talked to an owner who said It is cheaper to close than to keep it running. I think every type of business has their time of hardship.
Interesting! Really appreciate your insight from so where do far.....I'm in the U.S.......hopefully you continue to be safe and have a prosperous life 🙏🏾
Ofc yall want "clean energy" and decided to buy US war against RU and now are going to literally cripple and die during winter for lack of gas and energy.
How about solar powered laundromats to cut the electric bill? There are non existent in my country but if I had to open one I'd take the solar route.
@@Bilbyflix Those are big investments and the ROI is not that big then i guess. And also mostly not an option as you may not own the building for example.
@@Bilbyflix The electricity required to run a solar-powered laundromat would require way too many panels and batteries to make this cost effective. Dept of Energy has looked at all kinds of energy-efficient models, but there aren't really good options other than electricity or natural gas-powered dryers right now. However, if you are a clever mechanic, develop something and help us all, please!!
I started watching all your videos religiously so next year I can take full action. Love your content Code ❤
Probably one of THE BEST business summary videos I've came across. Over the last few years I've looked at and considered pretty much everything on this list. Bravo!
Time for us to stop considering and start doing! This is the year
Hi Codie, just wanted to drop you a note that the website that you mentioned around 1:44 of the video as "The Chamber of Commerce" is actually a for profit affiliate website, not the official website of the US Chamber of Commerce government entity. They didn't do a study in conjunction with Speed Queen, they are simply referencing a study that Speed Queen did on their own, which again should be taken with a large grain of salt considering they are a private laundromat franchising business.
I love the structure of this interview - and the energy + takeaways. Well done ♥️.
Laundry mat 98%, rental property 85%, self storage 90%, last mile delivery 76%
My question for you, when you buy a business like a carwash or laundromat that is not close enough to drive to often and check on yourself, who do you get to empty your cash out of the machines? Is there a company you hire to do this for you? Or do you hire someone to manage it and hope that they don’t pocket cash while emptying the machines?
Codie love watching your videos … keep up the good work !!!
I met a guy who retired as a contractor. He and his friend literally built the self storage, and now hes making passive income!
Stacking the odds in your favour definitely makes sense. I would add that you need to have the right mindset , be consistent and be at the right place at the right time. I have made some big mistakes that took years to get out from under...going all in to Real Estate just before a recession, putting life savings into the stock market just before the biggest downturn since the Great Depression...etc. This video gives me inspiration again. Simple is good. Low risk is good .Yes. The biggest challenge has been getting past my learned cynicism. Thank you.
Never put all your eggs in one basket
Jeez man that sounds tough hopefully you learned some great lessons that will propel you in your future success. low risk, diversification etc
Omgoodness you sound just like me once worth 400,000.00 to 5,000.00. Had 4 houses 2 paid off then I crushed my back in bed for 3 years and.... I was 48 years old now 65, I'm alive and well which I know is the greatest blessing in life but.... my social security is 600.00 a month so what would you suggest? Thank you, hope all your dreams are coming true! Teresa Griffin
Yes people don’t highlight mistakes. Yes, real estate has been good for many years, but it hasn’t always been. You really have to do your homework before buying
Every successful entrepreneur has experience failures and setbacks. The difference is they do not give up.
The video does an excellent job of not just listing business ideas but backing them up with data and real-world examples. This adds a layer of credibility and practicality that is often missing in similar content. It's a valuable resource for anyone looking to venture into entrepreneurship with a calculated risk.
this is the energy i want to watch when someone is presenting! good job
Your ideas are actually good, subscribed!
Houston - yes Sprinkles has THE BEST cupcakes. One night I got lucky and they were about to throw out cupcakes bc an order was cancelled. Me and my friends got a dozen red velvet with buttercream free. I didn't even know there was someone inside until the door opened
Im an engineer and researched a lot about what side businesses to get into that has little oversight and came across owning a route delivery business. Now I own a Pepperidge Farm Route and service 7 large retail locations and 4 cash stops and have a full time driver driving the route and servicing these stores for me 4 days out of the week. We work out of a shared depot with other distributors and we get snack and bread deliveries there that we stage in our own section and load our trucks with and go out and do deliveries. Now I only sit at home and place 2 orders online weekly while my driver takes care of the rest for 10% of the weekly sale as pay. Its amazing! And so much potential to grow with more locations and also buying other routes. One guy in our depot owns 4 routes. I look forward to the day I own multiple routes.
Can we Discuss This Business in detail? I need to know about this.
@@ambitious6396 Sure, theres all kinds of route businesses for sale such as ATMs, FedEx, Bimbo, PF etc. You are buying a territory that only you have exclusive rights to sell to retailers so all the Walmarts, Meijers, Krogers in your territory can only buy from you and no one else. You are paid a comission from the weekly sales you do to the stores.
Hmmm. If you are paying your driver 10% of weekly sales, just wondering how much commission your biz is getting from the producer? The commission must be very lucrative and good.
@@oldbanker Depends on the company. PF pays out 23% for bread and 20% for snacks. Most distributors are owner operators but I dont want to stop at 1 route Id like to expand to multiple routes with multiple drivers running it so Im okay making less since its not my main source of income.
I love how you DELIVERED on the Promise of the Title! Great content 👑👑👑
forgot property maintenance. from private residential to commercial, grass always grows, snow will always fall, and often this service is a requirement for certain insurances. It costs as little as a few hundred to start and now I basically mow lawns for 6 figures without need of staff (and if I was able to hire good people I could have a million dollar company, I just don't trust others to represent my company when I'm not supervising).
There is something to be said about a self storage with a manager on-site. It definitely gave me peace of mind that issues could be addressed quickly, if/when they pop up. Luckily, they never did when I had a unit, but I would pay a reasonable amount more for that personal service.
@HareKrishna777 dang! Nice
Or they could work pt remotely and show up if it's an emergency....maybe?
I'm a Small business owner surviving the ups and downs. Love your content because it helps me think of my business vs working in my business. Keep up the amazing channel! 💪🏼
You amazing Codie. Love your video. simple and straight to the point content.
Thank you 😊😊😊
Wooow this video is straight gooold thanks so much Codie !!
I am glad I made productive decisions about
my finances that changed my life forever. I am living in Vancouver Canada, bought
my second house in September and hoping to retire next year at 50 if things keep going smoothly for me
@@ariaibrahim1291 Yes it sure is. I put in money in investments and get profits. That 's how I make more money without working. This does not sound new to you right ?
@@ibrahimfaizan6047 There are lots of investments options such as real estate, stock market, forex, cr ypt os, passive income,
@@chrisjohn7823 Yes I recommend the service of Mrs Caroline Renee Steiger she is a great financial consultant and has made a great impact on my financial journey.
@@cryptocasey1083 OK thanks
@@lilianazuluaga6504 yeah she does, she's an
exceptional and lucrative broker at same time. I just bought my dream Mercedes from last weeks profit. All thanks to her expertise.
About 20 years ago my husband and I researched campgrounds and RV parks. We read that the ROI on them was very quick. I'd love to hear what you find out about them as a business model.
Did you get one ? Thanks for sharing this./ I suppose low cost, electricity and portapotty, bathrooms, low expenses.
@Jody Hakala-Ristow We didn't get one. It was over 20 years ago and was mostly RV parks that we looked at. Now that Hip Camp is a thing, we are revisiting the idea. Should have got in sooner before Missouri land prices have skyrocketed because of so many people moving here to homestead.
So solid.. love All the Info.. so Solid, yet so Real.. thank Q 4 keeping it So Real 4 Real...
Great video Codie! Good Job !
I would love to see the breakdown of the thought process for how these businesses work. That would be really helpful.
Strangely enough, Ive owned 2 of these businesses talked about.
1. Laundry Mats. Three things you need to keep aware of before starting one. LOCATION. LOCATION. LOCATION. The laundry mat I own for a couple of years was in a poor location. Maintenance is a must. Cleaning will also be a big part. But this type of business can be very good if you're willing to put in the time.
2. Trucking. For this, she doesn't know what she is talking about. Trucking companies go out of business all the time. A lot of drivers founds themselves without a job while on the road because their company went BANKRUPT. 50K to 150K for a rig? Yea, if you buy something 5 years old or greater. Be prepared for a mechanic to fix your truck to be roadworthy. Regulations? Yea, and if you don't know what you are doing, I suggest you stay out of trucking. I'm an owner of my company, with my own authority, and my own rig. If you don't have a clue of what I just said, go somewhere else to invest your money.
yea i'm not in the trucking business but i could immediately recognize those numbers don't add up. A new f150 costs 50-100k now so there is no way you are buying a large commercial truck in good condition for that price. I image it costs 2-3x what she suggests. I suppose if you are also a mechanic you could buy a cheaper truck but then you are adding even more risk into the model.
What about buying a running Laundromat?
Cody, absolutely excellent information. You presented so much in such a simple, structured way that I can understand. Thank you so much for all of this insight.💚
Excited to be here and learn!
Hey Codie, thanks for the encouraging business advice. I'm sure that your guidance will help many entrepreneurs outsmart failure!
I have had a lawncare business for the last 12 years, and if I get out of it, it won't be because I have gone under. Most of the businesses you named in this video have as good a chance of failure, as they do of success. the number one reason any business goes under is financial mismanagement. This ranges from using company funds for personal purposes to not paying the people who are working for you. It's hard to pay people with money that isn't there.
Bid a job too low, and you risk not being able to pay the help. Bid it too high, and you risk losing the job. It's a crapshoot, and it comes with experience.
It's also one of the easiest businesses to start up, requiring only a lawn mower, a trimmer, a blower, a gas can and a vehicle to haul it all in. Drop an ad or two in the local shopper paper, and you're on your way! I have seen people haul everything in a mid-sized car. Before long, they had a reliable truck. It doesn't take long, if the work is good and the customers are treated right.
You can make as much, or as little, as you want to.
So are you saying your lawn care business would go under if you sold it? Or what are you trying to say?
@@antoniot7928 Depending on how the new owner treats the customers, it could! I have had some customers for over 10 years. I may not be able to "write the book" on Customer service, but I could sure contribute some well-meaning articles.
a practical business that solves a problem.
i think real estate is better to invest in
Sounds just like my mobile vehicle detailing business. Low cost, high demand...doing work a lot of people don't like doing...and for you that would be mowing the lawn. 🙂
Started a pet sitting service in 1994. Still going. Almost 30 years……survived the pandemic when no one was traveling/stayed home from work, so no dog walking.
You are awesome. Thank you for this, Codie.
I had to look up what contrarianism is today and I realized that I am contrarian to the core and have been for a long time. I love this channel!!!
I can’t get enough of your content! Love your channel, thank you so much!
Great video Codie! Definitely coming back for more
IBA Carwash and Laundry combined = few staff = 24/7 = cash flow = different business model from Express Car proliferation and 6 million price tag to enter market .
These businesses have a high barrier to entry - cost. I’d love to see a video of similar businesses with smaller monetary entry points.
here are 4: Hot Dog cart -- Home/Commercial Cleaning Business - Lawn Care/Landscaping--- Pool Cleaning Service All 4 can be started for about 3-4k-
@@oceanbreeze7777 I appreciate the follow up. I definitely have that amount of cash. Thanks!
@Jonathan Sexton Oh right. Whaaaat? I have no idea what you mean, that stuff would make me flip my lid. The guy is simply making an observation. Realistically most people will not be able to start these, not to say that was this video's intention.
I'm a truck driver and have heavily researched the topic of running a small business. It is a tough time to start and you've really gotta know how to manage risk. If you rely on one truck for all your business and that truck goes down, you not only gave to pay to get it fixed but also you lose out on the money you could be working. A bad enough breakdown will bankrupt you if you're not prepared.
Wouldn't insurance cover it?
@@bendover-bz4bc maybe insurance but most trucking insurance doesnt to cover this, if you get a warranty on your truck purchase you might get lucky with that and not tank your business
opportunity cost. This is true for every business
I’ve seen a lot of tough guys crying for real in the Trucking Business.
It’s really hard but once you get things in control you can make a descent living 6 figure plus.
I started website creation and I love to help business owners to create a website at low price as they want .
Great content. I loved this topic because you did the work for us that are looking into starting a business. Maybe you should do a video on the worst businesses according to the data, to show a contrast.
*If you are facing digital marketing problem just search “afsarali_100”
Just started watching your videos- this is my 3rd one - and I have learned so much and my gears are turning on what small business(es) I can buy or start. Really like your style! 🎉
Amazing comments. If you are facing digital marketing problem just message me.
I think your impression is Big. So you get perfect guide form me. I can help you grow your protentional Business. Thanks
thank you sista for the video ... enjoyed it : )
Such a great personality, truly inspirational
Any other ones other than
Laundromat
Real-estate
Self storage
Transportation
Vending machines
Senior care centers - sounds expensive
?
Mobile detailing services
Stick to commercial real-estate. Renters pay for everything, plus if they don't pay it's easy to kick them out.
Hey Cody, thanks for the video I’m new to you. I’m selling my sass company and hopping on Flippa to see what they are up to. 🙂 I’m 62, built 7 businesses and love that you are leading the next generation of entrepreneurs. You are an inspiration!
Wow , You are also inspiration to us. It will be my pleasure if we get connected on any social media platform to know more about your successful journey. Thanks
@@raselsheikh5017 ^ that isn't the real codie asking you to join them on whats app they stole her photo
I am thinking about a new type of restaurants: eating-spots
in eating-spots, food keeps changing, chefs also rotate
this is opposed to current restaurants,
thanks to this rotation of food and chefs, eating-spots are more powerful than restaurants.
along with that, there is an app,
people vote for the food that will be cooked in the next days
menu is influenced by the live input of the people via an app.
You said Vending; I thought Sprinkles!! It’s a show, fabulous
I’ve something special for you..
Thanks for the video amazing.
Good explanation
Codie. I have to say. Out of all the financial RUclips content I have binged. Yours has saved my dream. Every video has me excited and motivated. I have a way to go…. Never learned anything about money. Bad debt…. But if I stay on track. I will be in a decent place within a 12-18 months. Thank you.
Hell ya. Keep us updated on how you do!
Bought One House to rent, own many more.. & properties & land but made billions in crypto & on the stock market. I let the realtors collect & use the rent money plus they use it to renovate & lend for future investment or vacations... The longer the house is rented the more money we have to play with..
@@josbtheonlinebartender2002 That's nothing. I made trillions in crypto.
@@davidv6588 that's nothing. I made quadrillions on crypto.
@@CodieSanchezCT what are your thoughts on a moving and storage company, and your thoughts on a freight brokerage? You’re great thank you for all of your great content!
Just found this channel and am in awe and slightly intimidated by you! You are absolutely brilliant. Im currently in the process of buying out my father so he can retire. But love the idea of diversifying in boring passive businesses. Ok, I got to get to work.
I live in Europe and never understood those laundrymats... maybe 30 years ago and even before it was a thing, but now everyone, I mean EVERYONE, has a laundry washing machine at home... Very strange
not everyone can afford washer dryer and farmers don't like to throw there poopy stuff in there own washers and some apt don't have hook ups
Great video, Cotie!
I have saved up quite a reasonable amount and I am equally confused on the where and how to invest it. Currently stuck between four options Laundromat, stocks, Senior care centers and Real Estates. Can't seem to find the most appropriate one as I also battle with time constraints and sustainability.
Why not at least two/three of them? Given the present economy, you should never forget to diversify. Do not put all your eggs in one basket. As one who has been into Real Estates for as long as I can remember, I made my first million earlier this year from stocks alone (through the help of a pro though because I also don't have a lot of spare time). I also experiment with a couple of other things. Hard to imagine that I had initially refused to try out new possibilities. Good luck.
narrow it down to stocks and senior care centers. housing is a no go zone right now
@@dannywalters958 Very sound and pragmatic. I have been into both stocks and housing for sometime now and though I won't say I have lost a fortune, I have squandered quite a lot. If it's not a problem, do you mind recommending the pro. you worked with? I could definitely use the help of one right now... I look forward to your reply...
@@ecarlson8943 Funny enough, I can honestly relate. It's not as easy as it may sound and requires some sacrifices but it is definitely rewarding. I don't know if I am permitted to go into details here, but her name is "Leah Marie Sandock". Was in the news a lot in 2018. You may look her up for more.
@@dannywalters958 wow I know this little lady. Once attended a fundraiser she was also in attendance in Vancouver,, Great speaker with a funny accent,, She's American though, I doubt she works with foreigners,,,
Content very interesting, easy to understand. Brilliant, Codie!
Loss 100% within 2 years when I started Hotel accomodation, also Coffee shop with franchise, now I'm planning to other business renting private jet, wish me luck. Thanks for your Video.
Thank you Codie for this informative Video.
Codie. Good content. I’m just a regular W2 employee who Climbed the ranks. I live below my means and invested delta into single family real estate. I have 5 homes now and renting it out in Class A areas. The cash flow eventually will pay me to live once loans are paid off. Also, bought in 2020 and 2021…. My loan rates are 2.99-3.6%…. Talk about great timing and luck..l my online savings now pays 2%!
They should cash flow as soon as you find a tenant.
Then when rented, refinance, use funds to buy the next rental. Repeat.
Remodel, rent out, refinance, buy next rental.
This will become a business generating income just in the process. Then you can use profits to pay off each house early. AirBNB some during vacancies to maximize profits.
Keep that going and you’ll be cash flowing while steadily making more money and buying up more proprieties.
Also start your own property management company to control the process of renting. Get paid twice. And you can offer property managemnt to other rental owners.
I would love to start a business that sells retired laundry from storage facilities through a vending machines located in a retirement community building that I collect rents from.
Too funny!
Great channel! Thanks so much.
Thanks Codie. Here is your new subscriber. Please keep us updated on these kind of ideas. Thanks!!
This content is sick AF! Literal goldmine of info ... of the YT gurus, w/out a doubt, Codie is my ATF. 💯
I am an investor, broker, and owner of Commercial Real Estate. People always ask me how do I get into what I do. This video is definitely one I will start sharing. It's a great exposition and it's brief where people can definitely engage. Good work.
hi I have a got a genuine business to work it, if you are serious enough to know it, let me know we can work and expand together
Really cool changes of scene in this video, and great tips!