Watch these 50 minutes if you want to be a millionaire in 2024
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- Опубліковано 16 бер 2023
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Big businesses and the ultra-rich don't want you competing with them. Our communities are under attack from the really big, and really centralized. If we as a society don't start buying businesses, then who does? That's right: the big guys. And they become richer while we become poorer. We go from a nation of owners, to a nation of renters. There's a better way to live. Today I'm going to teach you how to do that.
In this video we're going to talk about:
1. How to buy a business
2. How to buy a business for $0
3. How to buy a business you may already work in
4. Why the time is NOW to acquire a business
If you're watching this video, you're probably already of the right mindset to get to the next level, which requires acquisition, execution and a bit of work. You can get there, and I'll show you the way. We're going to talk about how to not just make your next couple of zeroes, but how to build your empire. If you're serious about building your portfolio of businesses, then this may be one of the most important videos you ever watch.
Have you implemented any of these strategies? Have you acquired or improved a boring business? I want to hear from you, comment below!
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The BE AN ADULT SECTION 🤗
All content on the Codie Sanchez UA-cam channel reflects my own opinions and should NOT be taken as legal advice, financial advice, or investment advice. Please seek out the guidance of professionally trained and licensed individuals before making any decisions. Some links in the description may be affiliate links. - Розваги
Becoming a millionaire requires diversifying your income streams. Here's 29 unconventional ideas to create multiple income streams (including some I personally do myself): contrarianthinking.biz/29-income-yt-lg
why would you use our Lords name in vain like that?
You need Andrew Tates Videography his edit Guy will compete this you on fire
But the flames could be higher
😊xv😊n 😊
😊😊😊😊😊😊
When I was 40, I bought a cheese dairy. After 3 days I didn't want to continue because the daily business was destroying me. After 8 years I was so sick that I'm glad I'm still alive today. Then I went back into the advertising business and was able to earn good money again. Not every company purchase is successful.
Did you sell the company or how did you deal with it?
I'm a 40 y/o broke Vet, and I think I just found out what I want to do when I grow up. 😂 thank you Codie.
It’s never too late to start living your dream and life you always wanted and envisioned ❤
If you are a broke vet its your own fault.
@@Bullets4Bucks yeah, kinda like if you're an asshole it's also your own fault.
I will work with you. I need a sharp mind.
Stop. Dead stop there. Unless you were in war.
She is right I am from India, and I can say a nation needs more small business to grow equally rather than a few big corporates to hold the 80% power
THAT WAS THE ALL TIME SERMON ON THE MOUNT. I just spent 15 years and $15 Million in venture capital chasing dreams. Pandemic killed those dreams, so now I’m looking at buying a 75 year old company that fits all the rock solid criteria you describe. Fortunately my start up experience is extremely handy and allows me to understand all of your content. BUT You motivate me to buy as many businesses as I can for a greater good!! You are unquestionably under appreciated in a clueless world. God Bless You😌
@Vince Denais, Amen! Glorify Jesus in all that you do! :)
Yay! God bless you too!
@vincedenais what's your email
@@movement2contact Actually, they're in separate sentences :)
At the age of 75
is better to invest in ur hereafter
Go to church or some mountains
Most people think they need to come up with the next big idea to become successful... buying existing businesses through seller financing is the most under rated way to success. 2023 is the golden year to buy businesses for cents on the dollar. Thank you for sharing so much wisdom and brining value to the community.
🙄
Single mom of 4 that has never received child support. Never change!!! We love you and appreciate you!
Codie continues to be a bright, shining light in a sometimes dark world. Her mission is to turn the status quo upside down by owning our futures rather than entrusting them to BigCo and BigGov.
Great video. We all strive for financial independence and better life. It’s not difficult in achieving this through the right investment, living frugally, and budgeting. I’m glad I learned early in life to work hard for financial freedom.
@trevorogden3288 Sincerely, I’m truly inspired by your words. I’m very interested in investing and I have got a good sum of money which I’m ready to put in with the right information. My biggest fear is losing my money on the wrong investment. For this reason, I’m willing to listen to ay suggestions and ideas on how to invest wisely.
As a retired CPA with a lot of experience, I firmly believe that the success of any investment depends on having the right information, regardless of what others say, do whatever you set your mind to. Warren Buffer always says "be greedy when others are fearful and be fearful when others are greedy". This is certainly the trick to succeeding even when others fail. I made $100,000 working with 'Jill Marie Carroll' a licensed financial adviser. It’s been a promising experience so far with her.
@@sommersalt88 Please, how do I connect with your financial adviser?
@@greekbarrios You can look her full name up and connect with her on her webpage.
Millionaires are made in crash, so the more stocks drop, the more I buy, in the meanwhile I'm just focused on making better investments and earning more, apparently there are strategies to 3x gains in this present market cos I read of someone that pulled a profit of $350k within 2months, and it would really help if you could make a video covering these strategies.
The strategies are quite rigorous for the regular. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.
I agree, before the pandemic got real serious, I used to handle all my investment and I was pretty good at it, fast forward to post-pandemic and my-portfolio is steady in the red with profit rate down to the lowest, that's when I touched-base with a coach I saw featured on businessweek, who restructured my portfolio and over the last couple years, I've made over $850k from initially $210K
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
"Jackson Sten Marsh." is the coach that guides me, you ca look him up on the web-site for further verification.
Thank you for this tip. it was easy to find your coach. Did my due diligence on him before engaging his services. He seems proficient considering him résumé.
This may prove to be the best 50 minutes of the use of my time in the last 10 years. I never realised about 90% of what you covered, like why someone would give me their profitable business with little to no money down, or that the SBA focuses on the businesses financials not my own and that they offer 90% financing (I assume at competitive rates) You got me excited! And I haven't been excited in a long time.
And I can promise you she makes more money grifting then actually owning a business
@@deszi6936based on what information?
@@deszi6936 Do explain 😂
I suspect that. If she worked at goldman i believe her though. She is just better than us.
@deszi6936 That's actually not a logical assumption to make considering she's one of the few who make what she earns who has: shared in detail how she got what she has, from the beginning, created multiple ways for the layman to learn what the wealthiest don't want us to know and gives us behind the curtain deets on the real deals of business.... If you have no intentions of listening to not even one piece of her advice, either from this very informative presentation or any of her platforms then by all means go and learn the craft of which you accuse. Don't forget to report back on how profitable you become. 🎉
Confidence is contagious. Keep it up , Codie! ❤
I really admire your philosophy, cause and the values that you are building your success on. It's the main reason I follow you, and not other financial UA-camrs. You're not just about money and getting rich. You're committed to giving back, and you're equipping the next generation of local business owners to help restore balance. You're surely making a difference in this world! Thank you.
I love the way she doesn't yell or preach to give this information to us. This is true confidence in her business, in herself and in her belief of both. I always believe if someone is trying to scream something loud enough to try to convince me of anything, it isn't beneficial to me. It's their desperation to reel someone in. Go Codie!
Because no one is actually there, except her and the crew.
Lol no one is there not to mention I’m willing to bet she makes more money grifting from her online audience then she does spewing the BS about how she bought business and makes X amount in profit 🤣🤣
@@deszi6936just asking why do you say bs ?
@@deszi6936 facts ive heard she doesnt own shit she just sells courses
Natasha grano and her yelling puts me off listening to her ,natasha can yell omg🙉
Your msg about previously a nation of owners is key to save us from the nonsense we are going through.
Great job, Codie. Inspiring.
I imagine that much of what she said sounded like a different language, if you haven’t been in the investing world.
If that’s you - keep researching, keep watching videos, learn about all the ways you can invest! It will click. This girl has definitely got some of the best content out there.
Thank you!!
Hey Codie! I bought 2 insurance businesses with your UA-cam content. You are amazing and I thank you!
Where did you find the information about the insurance company to purchase?
Contrats Glenn! Yes, how did you find where to find these 2 businesses?
Also, do these businesses self-manage or you have to manage them day to day?
he won't respond ever he is a liar
What steps did you take to achieve your successful acquisitions.. ?
How many employees came with..
Is AI going to manage the majority of work involved to keep everything going.
What do you guys think. This would be my first business. Guy is retiring and has been in business for 30 years. Parking lot sweeping business asking $200k. Reported gross revenue is $177k and reported cash flow is $95k. Owner does not have a website or does any marketing. Business comes with the clients, the truck and training. I see an opportunity to expand. Competition is almost 0.
My plan would be to put sweat equity into it for a bit and start to market more and expand buying more trucks to add more clients. Then I could expand into power washing and possibly snow plowing.
Codie this was the best presentation I've seen by you, killed it! ✌️
This is definitely the type of video you need to watch multiple times.
Wow...
So much value 💯
I'd like to know how to put this mindset into motion. One of the most difficult things of my entire adult life has been the realization that I was programmed to think that working as an employee and retiring at 67 is what I'm supposed to do. I've always thought there was another way, but changing my mindset and making small baby steps towards stuff like buying businesses is so foreign to me.
Baby steps is all you need. Just one step at a time, don’t focus on the big picture too much.
It helps to remove the old mindset with techniques so you have room for the new mindset. Lots of techniques available these days like blue screen to remove negative beliefs (Silva method), Joe Dispenza, Mindvalley, hypnosis. 😂
It's not foreign to you. You're hear listening and learning. You've always known there was something else besides retirement, now you have confirmed this and you suspect you want to go that other route. When the student is ready the teacher will appear. And how about When The Why is Strong Enough The How Will Manifest. Just believe and take baby steps. One baby step idea: join an online community (anywhere they are Instagram Facebook meetup etc) of like minded ready to learn and grow people. Get further into the discussion part.
Codie, I’ve watched and implemented a lot of things you teach, but I have to say this was probably the most fire presentation you’ve done! Thank you! Grateful for your time! 🔥🔥
Thank you Codie!
Freaking AMAZING content, Codie! 💯PRICELESS!🌟 THANK YOU!🙏
Listened to twice while on the road. I own an HVAC business in cali and have been seeing some big names in SoCal getting bought out…all previously owned by boomers…I believe the time is now to make a move! Thanks for the intel!
This is pure golden knowledge!! Thank you Codie!!
Codie you absolutely rock! I feel like I just graduated to actual valuable content with you in my you tube life! I’m also now following onIG and I can’t wait to learn more from you!!! Thank you for doing this work and sharing with us how to WIN!!! ❤🎉
Codie 😊👋🏼❗️
I Just want to THANK YOU FOR PUTTING THESE VIDEOS ONLINE FOR FREE 👏👏👏👏👏👏👏👏❗️❗️
You’re so inspiring.
Blessings, Carlos ✝️🙏❤️😊❗️
This Woman tells the most useful tips I ever heard in my life. She braught me to very good ideas!
Such a fan, Codie. I can't tell you how much your content fires me up. Super helpful!
Please share Codie's message, it's so IMPORTANT!!!
Codie! This was amazing. So glad I saw your interview on the diary of a CEO! I look forward to doing deals….. Thank you.
Im so glad I came across this channel. Youve literally been blowing my mind in almost every video that ive sat down and watched. At the moment though im trying to rebuild my credit score so I can potentially get after some deals.
UA-cam algorithm recommends me to your channel. So much valuable information to learn here. Thank you
Good for you Codie. Thank you for speaking up for us and to us.
YOU ARE A FREAKING GEM! Can't believe I'm just discovering your channel, Codie, thank you!
Good stuff Codie 👍
Codie you rock! Love the Contrarian spirit as well! You preach us measuring opportunity cost on all fronts instead of “scared investing”. Love it and you are right when you say 2023 will be for the bold. I will follow you to the end!!!
Your a bot.
Amazing! Thank you Codie 👊🏼♥️
Great Video Codie. Thanks for caring about us !
Codie. Codie. Codie. You never cease to amaze me and expand my working knowledge on "how to" and "what to." And again, THANK YOU for sharing your knowledge. 💙
Codie, the laundry mats are onto us....that $100,000.00 laundry mat of yesterday is now a million dollars!
No joke. There's a dinky little laundromat in a leased space not far from me with all top load washers and the biggest dryer is only 40lbs, all the equipment is 30+ years old. Owner says the water bill at their busiest is only $1200/month, and they're trying to sell for $150k. What a nightmare for someone to buy into.
Yes be careful tons of other types of biz's to buy.
@@cavemanjoe7972 they are out there. You just have to look a lot harder for them. I just got an old mat at 2x EBITDA, 30 yo equipment in a great location. But it took a year to find. Passed on a bunch of bad deals in the meantime. Keep trying!
Yes. I definitely want one
@@cavemanjoe7972what’s the sense of your math?
Fantastic Talk. Thank you Codie.
Thank you so much
I come from a family of successful small businesses entrepreneurs.I look forward to beginning my journey,and caring on my family legacy.
This has been such an empowering speech.
I’ve been a long time subscriber of yours,and such a fan.
I look forward to the day I go to one of your seminars and thank you.
Cody. Thank you for the lessons you've taught us all here today. I promise I will put this information in to action.
Codie, you are amazing, & your closing questions are my thoughts exactly, & after watching an interview with you, a couple of podcasts, I found a small business I'm going to approach. Yes I have a good background knowledge of business, & it's one I have experience in...Im going to help this dude out & help myself...thank you..now the free emails..love it! Oh yeah, I'm still going to keep my market stall, from my covid bust business...lol..
Love your Content Codie. Keep on inspiring others.
I love what you’re doing Codie
I love SOMEONE speaking the need to get power back into the people
And it’s not a get-rich-
quick.
Excites me to see a sector of people NOT being afraid to work and out in effort
totally agree with you.
Codie is the princess of small businesses.
The queen
Codie, your framework and understanding of business is sooo brilliant and ASTUTE. Thank you in advance!!!! Love your mission and changing the narrative about the little guys having ownership and agency over their own lives. Thank you also for giving us a free education about business ownership in 50 minutes that Harvard preaches in 6 with their egregious tuition. 🤯🤯🤯
Thank you! I’m so grateful for finding you.
Codie. I just came across your content last week and I can’t thank u enough for all the gems you drop. Put it like this. U are the S#!T. Keep up the amazing work and continued success. I definitely will be following your roadmap to success 🙏🏾
heck yes!
More lies
True contrarian, evident even in your choice of business attire! Love it. Great presentation as always. I look forward to doing business with you soon!!
absolute gold. codie you're a legend
Superb video. But, let me share this here knowing it can uplift someone that comes across it. Effective financial management made me rich and it is all you need if you want to build a strong financial future tomorrow. I started with 1000USD, 3 years ago I invested in a diversified stock market and fast forward to now I am worth 500000USD and am currently finishing my 8 unit apartments. I'm only 35 years old. Diversified stock investments have always proven to be very profitable, especially with the help of experts.
I'm really impressed. At 35, i was worth a little over $200,000 from * in the stock market. But what you've done with your *finances* and numbers you worth, is pure genius.
*Investing* in diversified stocks is a real hustle that has made me . I have two active stock portfolios and hope to create a third, which will increase my total return on earnings to over 120000USD
You have done well. It's people like you who set the benchmark for people like us to know that achieving financial stability and transition of status from being comfortable to wealthy is possible with the right *investment* plan.
I'm curious, is *investing* in a diversified stock *market* a pretty lucrative venture? Can you share how you achieved these figures?
@@minoritymindset4823 Thank you very much for the response, I don't know if you can share a medium that I could use to communicate with Rachel. It's really a tough time for me due to inflations and an additional source of *income* would be exactly what I need for me in these unprecedented times and does she accept a minimum amount for startup?
Always great stuff, she's right, they are coming after our small business.. We need more small business owners to keep big Corp out of our city.. It takes hard work and passion that's it..
thanks for the motivation CODIE!!!
Love this video, Codie! Thanks
Thank you Codie! I needed to hear this. I know I need to take the leap and your video just confirmed it. I'm now on the SBA website. Thank you again and yes, I pray one say I'll be able to thank you personally 😀
maybe you should read up on interest rates first, especially for SBA loans, 12%+!!! they make it seem so easy for a reason...
@@kevon465exactly that’s why she litterally stresses about how to buy a business and negotiate a solid deal on your terms without pulling out any loans
Brilliant! This woman is on fire 🔥. She explains things so clearly! 👏🏼
Agreed!
Love your content codie.
Good Info, straight forward, no hype. Loved it.
I really loved the information, quite hard to sink it all in a single go.
Ya I feel that. We'll drop more.
Thank you! Great input
WOW,THIS WAS A MINDCHANGER VIDEO FOR ME,THANKS A LOT CODIE!!
Codie, you are such an inspiration. Thank you for all your business/investment gems. I’m taking it to see how I can apply your ideas in Australia.
Codie, your content is just filled with golden nuggets, thank you for doing this!
No its not
Best content I’ve watched in a while!
Codie, you are good!! gosh!
Thank you
Business is valued at 2-4x of gross profit or net profit. It was not specified. Big difference
That was one of the best 50 minutes of education that I’ve received in a long time. I wish you were my neighbor!
🎉🎉🎉
Thanks Codie, that was GOLD!!!
Thank you so much for your knowledge and inspiration!!
I am missing the math on the example. Wouldn't $224k at 5% for 5 years be a monthly payment of $4227? I dont get how the loan payment is $212. Still a great buy. What am I missing? I want 2023 to be the year I take my first step. Thanks!!
I was thinking the same thing !
It's seems like daily payment.
The real solution is to give employees partial ownership and royalties for products and services. Stop treating employees like wage slaves and let them have partial ownership. End this insane economic abuse.
Absolutely loved this! Thanks Codie - all the way from Mumbai, India!
You spoke my language ,technical and specific, great video
Amazing, very smart, totally gets it. If this type of thinking was instilled into our kids the world would be a better place. Some businesses may turn to crap but there will be other opportunities.
I would rather who teach me how to grow a online presence and monetize that as that is where the real money is being made not from buying businesses as she claims
Love the title. Excited to watch. (grabbing the popcorn)_
Yessss.
Great speech Codie thank you
Best video I’ve seen on UA-cam. Time to put it into action!
Thank you, Codie. I see the value in your teaching and I know what I must do but I admit it’s scary.
And yet there’s so many people out there (like your math teacher and some trolls here) who just want to keep us all down in the dirt with them.
It amazes me when these UA-camrs sit up here and and act as if their talking to audience only to spew nonsense bcuz the reality is this she makes more money from grifting her online audience then any busies that you could ever buy . Anyone that tries to deny that is lying about the money that these UA-camrs make from educational courses , masterminds , sponsorships, . If buying business was so lucrative and easy she wouldn’t be on here bcuz she be to busy doing just that !
Sounds like Codie is getting a lot of deals in her favor where she doesn’t have to be the one shouldering so much of the operating load. I wonder who’s managing the extensive operations of these businesses. Also I think that Codie uses a lot more analysis for making deals from her extensive experience but without that it’s still worth getting involved in the wealth transfer. The wealth transfer is only worth it if you’re making good deals on multiple businesses and have the resources to keep the businesses operational.
Codie you have given me a LOT to think about!
🤔
Great Video! Thank You!
Thank you Codie!
I am building generational with your plan!! Meeting you is tops on my bucket list🤗
Ahhh love that!
Same
Pardon the potentially noob question. In the first business example she showed with seller financing, they were paying the seller $212/month and that was 5% interest. I’m not following that math?
That's how most of the "math" looks like on this channel... 😏
Great inputs. Thanks 🙏🏼
Great video I watched it all thank you so much for this amazing information!
First minute in. Have to say on record how much I love your work!❤
YES!
That was awesome Thanks for an awesome lecture Cody! I’ve done 2 bad business deals and it’s left a bitter taste so I need to change the way I think and start fresh. Learning more about it is the first step so I will see what happens 🎉
Atleast you take action!
Hey man just here to say your on the right track. Your aware your might be something about your past experiences that you can learn to avoid that again.
Can you elaborate and explain what went wrong? While I’m sorry you went through it, I’m certain you have so much expertise for us who haven’t bought a business yet!
I came here on a whim from YT Shorts, and I am so used to Shorts ads for this kind of thing being scams or unlikely get-rich-quick schemes that I'm downright astonished to find content of such substance. I feel like I've struck gold!
Thank you so much. I needed to hear this so much
I hate that no matter how many of these amazing vids I watch, I still don't know what to do. I need an adviser.
this is one of those videos that you come back to 3-4x
This is awesome Codie.👍
Thanks for sharing!
I hear things from other financial personalities saying that, "The value of the dollar doesn't get you as far as it should and that's just the way that it is."
This video throws that out the window and instead gives us a way to navigate businesses in definite way.
Great ideas on this video! The key to building wealth is starting at a young age. A Teenager’s Guide on how to Invest Like Warren Buffett and Charlie Munger is a great Investing Book for Teens.