The Only Three Assets That Build Wealth
Вставка
- Опубліковано 21 чер 2024
- In this video, Walker explores three key asset classes for building wealth and achieving financial freedom: owning businesses, investing in real estate, and leveraging intellectual property. He shares his journey, explaining why buying existing businesses can be smarter than starting from scratch and how these assets can enhance your balance sheet.
#buythenbuild #acquisitionlab #acquisition #business #businesstips
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Walker Deibel has practiced acquisition entrepreneurship since 2006, amassing $16.5 million in revenue through acquisitions. He has co-founded three startups, acquired seven companies outright, and has consulted (or participated in) over $200,000,000 in business transactions.
Walker holds an MBA from the Olin School of Business at Washington University in St. Louis, where he was awarded the Declaration of Accomplishment in Entrepreneurship.
He is a Certified M&A Advisor, Certified M&A Professional, M&A Master Intermediary, Certified Exit Planning Advisor, and former SEC-licensed stockbroker. He was awarded the Platinum Award from M&A Source and Thought Leader of the Year by The Alliance of M&A Advisors and Axial.com. Forbes, Entrepreneur, Fast Company, Inc., and the Harvard Business Review have featured his work.
Find out more about Walker and the Acquisition Lab team here acquisitionlab.com/meet-the-t...
I have been stumbling my way into figuring this out. I knew real estate was a wealth builder and I finally captured my opportunity to do so in 2022. However, I then learned that i did it backwards and should have either purchased or started a business first. But I didn’t know anything about that world until last year 😩 now I am trying to learn about private equity, mergers & acquisitions, or just building a business in general… Better late than never I suppose. I know getting in the right rooms (be it digital or actual) is also key… thanks again for another dose of CLARITY!
It depends on the locality. A remote village, even a cow is an asset.
I bought my first lemonade stand the age of 25. Never looked back. Now I have hundreds throughout the usa. Mo money! Mo money! Mo money!
Left out the stock market. I have a friend who is 102 years old and she has 10K shares of LLY at $905/shr which is over $9M. She and her husband bought 2,500 shrs when it was around $2 a share and then it split 2 for 1 several times. When she and he and her husband saved $5K that they felt they could "afford to 'lose" they decided together on a stock to buy with it with plans to never sell it, even if it went to zero. They did buy blue chip companies when the stock price was depressed. I don't know that I would suggest a buy and hold strategy anymore.
Most today invest in the stock market via mutual funds or ETF’s rather than finding that needle in the haystack stock. The other is that your friend invested as the American economy was expanding following WWII.
The stock market falls under the “businesses” category.
However, public markets are a long term play. For example, your 102 yo friend has been invested for 40 years and is now over 100 years old. Interesting to note that LLY is up over 50% this year as a runaway 2024 success. So half that $9 MM I’d 6 months old-after decades of patience.
If your friend had an advisor at any point along the way they would have told them to diversify out of such a concentration in one stock.
Privately held businesses are more a 3-10 year play, and the empirical evidence suggests, with significantly higher IRR.
Using cash flow from your own business to buy shares of other businesses and other cash flowing and appreciating assets, is the over arching point here. Public stocks fall in this category but require a longer horizon.
I very much own stocks and was even a stock broker at one point of my career.
Most of the hot companies from 1999 are trading for less than they did then...
Stock market. I have made more in the stock market then real estate.
same here. But 6 years ago my wife & I started buying rental properties. The way that tax laws allow you to write off so much loss makes it a no-brainer. So easy to realize $100k in real estate gains even on a basic property vs leveraging stock market investments into $100k of profit.
Great video. I agree.
🙏
This dude is smart
Why do I need to watch a 9 minute video to find out 3 things?😊
Save us all the time we won’t get back. Tell us what the three things are.
You don't have to... Just read the first sentence in the little gray text box, below the vid! 🤨
Fortunately enough, you no need to :)
@@Filmstarindamaking Here’s a summary in 10 bullet points:
1. **Introduction and Background**: Walker is a bestselling author of "Buy Then Build" and an advocate for buying existing small businesses as a path to entrepreneurship.
2. **Financial Freedom Concept**: True wealth is built on the balance sheet, not just cash flow from a job or stock market investments.
3. **Business Ownership**: The primary path to wealth is through business ownership, including buying existing companies or investing in other businesses.
4. **Real Estate**: While real estate can be a wealth accelerator, Walker believes the potential upside of businesses is generally greater than real estate alone.
5. **Intellectual Property (IP)**: Investing in IP, such as films or video games, can create significant value. Walker highlights his experience as an executive producer.
6. **Balance of Assets**: Successful wealth building involves a mix of tangible (real estate) and intangible (IP, businesses) assets.
7. **Private Capital Markets**: Investing in private markets can lead to outsized returns compared to traditional investments.
8. **Asset Classes**: Walker focuses on three asset classes: businesses, real estate, and intellectual property.
What I do in these cases, I copy the link of the video, I paste it in ChatGPT, I ask chat GPT for the main points and summary. I get the info this way without wasting my time.
I like the v neck shirt you're wearing. Where can I buy those kinds of shirts and what material is it made of?
Try Mott and Bow. Their materials are superior not sure about the V neck though
Can you physically hold it in your hand ? If NO then it's not an asset.
Not accurate
Once you sell your stocks you can hold the piles of cash in your hands, I don't see the problem with that.
@@GuillaumeRouleau Hold cash if you wish but inflation will eat into your holding. Buying gold is the hedge against inflation.
@@MENSA.lady2 I said nothing about holding cash. I said sell your stocks when you're ready and get piles of cash the same way you would when you sell your shiny rocks, it's just that stocks will probably perform a lot better.
@@MENSA.lady2 Sure, who are you going to pay to store your one or two million dollars worth of gold? And gold pays no interest or dividends.
When the second depression eventually comes, who will have the money to buy your gold? People who already have gold, so you will be broke.
BUY BITCOIN AND CHILL
YOU MISSED BITCOIN 🤣
🚀
I got the feeling that bitcoin will break many hearts.
If you say "You Know" one more time my head will explode ! ... take some speech therapy.
good content though.
Most people do not have sufficient capital to buy enough of these assets to really make a difference. The best chance for poor people to get out of poverty right now is the crypto market. Buy XRP and ADA.
Thanks for your comment! It’s true that my intended audience is not most people.
However, I do believe that everyone can have mid to long term goals and creating a North Star was extremely helpful to me in my teens and twenties.