The RICH don’t want you to know this
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- čas přidán 25. 09. 2023
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If you don't know how to buy businesses, make deals or don't know anything about acquisitions, I have news for you: you're screwing up. The big keep getting bigger and it's putting our families and our children's families in a really bad spot for the future.
So today I'm going to share with you the playbook that the rich are using to keep getting richer, and how you can start taking cues from their work. You don't have to re-invent the wheel. You just have to pay attention to what the world's richest people are doing, and apply the same principles for yourself. Spoiler: making coffee at home and sleeping on your couch isn't their secret.
One of the tools rich people use is called an LBO. So what is it and how can you use it? I'll tell you in this video, but the short version is: it's a tool that lets you scale if you don't have a lot of money. These tools are available to you if you do a little leg work, and if you're watching this video, it's a step in the right direction.
I know what many of you are saying, "but Codie, the world is getting tough and I'm afraid of a recession!" You're right. And that's why I always remind myself of one of my favorite Baron Rothschild quotes: "buy when there's blood in the streets, even if it's your own."
Many people want to sell their business so they can retire, are you willing to step up, buy and be a better version of the boss you always wish you had? What would you do differently? Comment below!
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Thank you for your commitment and share
There was an opportunity couple years back an old lady wanted to sell her storage business for 150k and her children didn’t want it
Every time I listen to her, I feel like I just been schooled in the best way. She is a straight shooter with lots of great knowledge and so generous
Successful people don't become that way overnight. What most people see as wealth is the result of hard work, knowledge and action.
I am fortunate I made productive decisions that changed my life forever through my finance-mentor. I'm a single parent living in Bn Italy, bought my second house in April and hoping to retire at 40 by next year.
You're really doing well for yourself, I'm forty five and my financiaI life is in a mess. Any tips would really go a long way in shaping my life.
To possibIy grow, a mentor is needful to make it a reality. I engage in aIot with the ldeas of my mentor and so far have achieved so much already.
sear ch her full name below, if you care
This was incredible valueable information. I am a concrete worker and Im allready thinking of figuring out how to buy up the ONLY 2 small concrete businesses that specialises in concrete cutting in my city. I will literally have no competition, and I have checked their numbers (its public) and the numbers are good.
Codie is by far my favorite of the business educator entrepreneurs. She presents information that is able to be understood and ACTUALLY applied.
Stop simping
key word educator she doesnt actually own shit
Makes my heart happy. ❤❤❤
@@CodieSanchezCTunless I'm missing something, what I never hear you say is what do you do when your first deal doesn't work. Any insight on that? Thank you, and I love your content, and how transparent you are..
@@CodieSanchezCTdo you talk about creating funds?
3:31 Easier to buy profits than make them
8:24 Time is more valuable
9:23 build an empire
Anyone who said they're going to teach you how to make money. Run away from them as fast as you can. You're their products.
They are subconsciously teaching you their own brand. Feeding their own strong identity within you.
They all are biggest____(fill the blank by your own understanding)
Hell yeah, they are not gonna make your life as you want.
You are the one who can change whatever you want to.
We must protect this woman at all costs!
0:04: 💰 The video discusses the importance of business ownership and the negative impact of limited ownership on society.
4:50: 💰 The video discusses the concept of leveraged buyouts (LBO) as a way to acquire businesses using other people's money.
9:24: 🎥 The speaker discusses the importance of being an empire builder and shares some insights from Warren Buffett.
13:53: 💼 The speaker discusses the concept of vintage in private equity funds and the importance of investing during recessions.
19:30: 💼 Small businesses are at risk of closing due to lack of cash on hand and outdated technology.
23:56: 💰 The business owner shares his strategy for acquiring more revenue through various acquisitions.
28:29: ! The speaker discusses the process of acquiring small businesses in the wash and fold space.
33:39: 💰 The highest leverage activity is cash, as it can be used to make more money work for you.
38:06: 💼 Using OPM (Other People's Money) is a viable option to close deals and buy businesses quickly.
43:30: 📚 The best way to find deals is within your personal ecosystem.
47:26: 💼 The video discusses the steps to consider when buying a business.
Recap by Tammy AI
7:42 getting real right there
Work smarter instead of harder. You speak to my heart❣
Information was great but literally 3 full videos are the exact same speech just at different events 👀 and they were titled differently
I thank myself for never giving up even when it was very hard I kept pushing through until I made it out. My advice is that If you do your own investing, have you ever thought whether you should turn things over to a financial advisor? If you have significant assets, you have probably felt anxiety when making choices with your money. Perhaps you sensed that you might make better investing decisions if you knew just a little more and could invest without emotion. If this is the case, consulting a financial advisor makes perfect sense.
You’re right! Working with a financial advisor will genuinely set you up for success in life. I’m delighted I was able to hire a financial advisor named John Desmond Heppolette, earlier this year. while others were grumbling about the downturn in the markets due to the state of the economy, I was busy learning from him and eventually made over seven figures in the first quarter alone.
John Desmond Heppolette has been a significant step in my financial life journey, providing valuable knowledge, actionable advice, and motivational content. His supportive community has boosted my confidence, work engagement and has inspired me to strive for excellence. His assistance is a secret weapon for great financial growth, and his online presence is a must-see for anyone looking to improve their financial situation.
John Desmond Heppolette, really seem to know this stuff. I found his web-page when I made a google search of his full names, read through his resume, educational background, qualifications and it was really impressive. I left him a note and booked a call session with him..
Absolutely! A financial advisor can help you create a tailored investment plan that aligns with your unique financial situation and goals.
This is so important, thank you, Codie!
One problem. The key message here is like use other people money to close acquisitions. What happen when shit hits the fan? You still need to pay your creditors. Also, how come laundromat ia such a successful business when it s cheaper to own and run your own washing machine at home?
Codie! All the information I need to hear! Thank you so much!
Always great info Codie! Thanks for sharing
16:55 Never thought I'd shed a tear on a business / how to make money channel. Codie, you're a real deal.
Thank you Codie and team for this content.
This was super informative. Thank you, Codie! 🔥
"Pension" you out. Is the term I use. Helping older guys in my industry that have NO retirement income
Couldn't give a toss what the rich don't or want.
Great video Codie! Appreciate it as always.
Amazing, as a recent first time BO, this was a great wealth of info! Thank you 🙏🏽🤙🏾
You are always on point,thank you,great help for any mindset.
Wow, I bloody love this woman!
All this is great... but what are some tips for an introvert who has social anxiety talking to people? 😩
I didn't become financially independent until I was in my mid 40s, in addition to owning a second house making money on a monthly basis through passive income, and I've also met some of my goals. I really hope this motivates someone to know that it doesn't matter if you don't have any of these things yet; no matter your age, you can start today. Investing can help you change your future! By participating in the financial market, I took a significant decision.
I would be retiring or working less in 5 years, and I'm curious to know best how people split their pay, how much of it goes into savings, spendings or investments, I earn around $250K per year but nothing to show for it yet.
For a successful long-term strategy, I recommend you seek the guidance of a financial advisor, Who will advise you how to buy stocks with market-beating yields and shares that at least keep pace with the market for a long term.
Very brilliant idea, I was managing my portfolio by myself using CZcams and Incurred a huge loss which made me hire an advisor. It's been 2yrs already and I have made up to $480K in returns and would pay fully for my 3rd rental property in new york by next month.
@@WilliamHudson-lo2qb How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
Presently, it is advisable for everyone to give serious thought to diversifying their income sources, those that do not depend on government support, especially given the ongoing economic challenges worldwide. This is an excellent time to explore investments in assets such as gold, silver, and digital currencies like BTC, ETH, USDT, and XRP.
Great knowledge video Codie.
Thanks for the insights and coaching
Thx Codie. Awesome as always! ✌🏻 💪🏻💯
low end, because she can not express her self with out swearing
I'm in awe! What a woman! And smart too! 🙂
Thank you codie. Can you make info event management business plz.
You’re so passionate and funny too.😂
Codie plz block the scammer bots!
Working on it as we speak!
She's paying them...
Give Us A Fish" You Feed Us For A Day " Teach Us How To Fish You Feed Us For A Lifetime ! And By Doing So" You Change The World ,Make It A Better Place. Thank You !
Codie is awesome. I really enjoy her content. As a former Investment Banker in M&A, I love her training on buying a business as opposed to building one. She’s truly unique.
I just subscribed to your channel after I watched your interview with Stephen Bartlet (It was amazing, btw!), and I'm glad I clicked on this video because it (is GOLD) gives me hope for breaking those mental barriers to actually start searching and investing/own small businesses in LatAm!
Thank you, Codie!!!!
Yes! That was amazing!!
Thanks Sis
She could be a Shark in Shark Tank
Thank You for Sharing! 🙏
Wow, Couldn't look away for a sec.... talented speaker and valuable knowledge
Love you. Was feeling this.
One of the best videos I’ve ever seen. Thank you.
I just ... LOVE YOU ! Thanks
Thanks Codie 💪
Hey Codie, I want to get into your masterclass tomorrow but, it wont let me reserve a spot.. Is is full? I appreciate you and we have the same mentality and drive to create the leadership mindset of the next generation. I just want to serve.
Love this! Thank you Codie.
Get in touch ❤️
Lead-time response is most important metrics, she is right.
The problem is small home improvement companies usually rely on human resources, and that can easily go on their own, that's the hard thing to find at least in the UK.
I excelled in accounting in high school studying that in college now
This may sound shallow but I'm concerned about the pants rolled up at the bottom fashion situation. She says she has a Master's Degree & PhD so it seems like a calculated move to appeal to lower/middle class ppl by dressing like a high classes farmer.
Good shit.
This is gold! ⭐️ Thank you so much for everything you do, Codie! ❤
This AMAZING woman❤❤❤! Love her!!
❤Boss 😊right here Thank you
Thanks for thr pep talk Jessica Alba
I love seeing how she has refined this over time. Incredible content
Good video and from experience it usually better to create you're own bussiness but be very careful.
yep , lots of tradesmen and older business owners aging out and don't know anyone to take up the mantle . i really haven't seen a website with good leads yet . i guess its up to actually physically searching
Great video yhank you ❤
This is the best information youve given thank you
Thank you! Tell me more!
Your great thank you you own my eye
This is great, I will watch it multiple times!
I love the way you think! ☺️
Love this video God bless you all 🙏🙏🙏🙏🙏🥰🥰
great talk
I loved accounting & I LOVED MATH!! 😂
Your webinar link has expired.
Can we get the reply for those of us that Misses?
You so ROCK Girl 👍
THANK YOU.
Codie, explaining the notion of using the sellers capital to buy out their business, in simpler terms, is this simply a matter of finding a seller, and working out an agreement to own where you commit to running their business for them, while hopefully netting higher profit gains compared to the way the owner/seller ran the business, so that in X number of years, you've covered the cost of ownership?
Codie is the man
This was so very helpful, thanks Codie. Just curious, when you got started with all this business buying, how much did you have in the bank to get started?
big handshake from jesús trillo in texas! always get excited to see another family member.
Thank you Cody that was unbelievable great information on acquisition and attaining existing business! Thank you! Thank you! 🙏👍👏👏👏👏👏👏
Wow. Codie. You won me over with this one. Phenomenal key note and full of true generosity.
"the hustle poor nonsense mentality that you have to sleep on a coach to make your millions" has to stop. Thank you for saying it out loud.
This is one of the channels that gave me the courage to start my CZcams channel 8 months ago about self development. Now I have 771 subs and > 300 hours of watch time. I know it’s not comparable with others but I’m still proud I started because I’ve been learning so many lessons that I could haven’t learned without getting started in the 1st place.
As someone who has wanted to start a CZcams channel, I think you’re amazing!
@@leahogrady9388 Whoever you are, I don't know you personally but I can say that you're one of the non-judgmental and open-minded people who is not fixated on tangible or external factors in order to learn from someone like me. Just because someone doesn't have a piece of paper as a credential, doesn't mean that person is not entitled to share personal experiences with the hope & intention to inspire others. Keep up with whatever it is that you're doing to improve mankind or improving your life even to a slight degree each day. This is just one part of a bigger puzzle for creating my CZcams channel about holistic health. I literally could have died back when I was 14 years old due to major depression but here I am right now replying to you, a CZcamsr, who's full of fulfillment and dedication to help others to be a better version of themselves. I ain't better than anyone else but my old self. That's all that really makes this CZcams thing more meaningful and enjoyable. Thanks so much for your support! I am hoping that you can join me with this endless personal development journey! :)
Codie is my business crush 💙
Wow ! Impressive empowered woman, deep energy and trusth, proudly latin. Greath learning and value topics. Hope you´ll visit soon México. I saw your story of how you started as a journalist and the facts of Tijuana (help people from my Tj), very inspiring; I am your fan Saludos from CDMX.
Codie, i think that buying a competitor is more of a horizontal integration and buying a supplier (soap) would be a vertical integration, in this case backward vertical integration.
Vertical acquisition🥰
I love you Codie you have just brought me back life my brain is working now for the first time I have passion I have drive most of all knowledge keep up the good work you are doing to all of us.
Why do you think the real estate market is going to crash more than 2008-09? trying to understand your data.
i luv u so much thank you ❤️
I have to write ADD asper's diagnose within my brain.
Hi Codie. As someone like myself who is looking to buy their first business with sellers finance, particularly a laundromat (1 of 5 laundromats that are up for sale and that are 5 hours drive away from me), would you recommend that I should go ahead with seeking to buy this biz, even though it's that far away? I'd love to hear your big sister advice :)
You could open one closer to where you live or if you really want it you can go for it before someone else buys it. So let me tell you I was on my way to the dentist and I took the wrong bus to go I passed by a laundromat that seemed brand new since it had a sign saying now opened it was brand new so I was thinking to myself if I wait too long other people will do what you wanted to do and you'll be stuck at the other end of the stick. So my Grandpa who is now old can't take care of it anymore but Dad can have three apartments and 3 commercial places underneath one of the block apartments and two out of the three are closed. The first one is a restaurant like a fast food place that closed down 7 years ago they only recently decided like a year ago to put it on the market. The second is an electronics store that has also been closed for a while the only store that operates is a barber shop. But essentially before I found out he had the other two places I was going to open a laundromat where the restaurant was but then when I found out he owned the other two I was going to ask him if we could merge all three together to make one laundromat so one he has someone he can trust and know using his lot but two I can service the people in that area because there is one laundromat in that area not too far from where he is and I think if I play my cards right I can eventually become more successful than him.
Codi, but how do I found this business?
What do you think about auto repair shop
I like this idea a lot and I’m definitely going to pursue. I had 30 lawns in high school and a landscaping company offered me $1500 for my clients/lawns , I didn’t sell and instead my dad took over but I see why it works!
At minimum you should have been offered what you earned with the 30 lawns and multiply that by 10. It might have been worth it then but $1500 is laughable. It was not a serious offer.
@@bonchidude They were dealing with a child, of course they're not going to be serious.
You are an inspiration! 🙏❤️
😂❤️❤️❤️
@@CodieSanchezCTI'm buying my first online business!
I am gonna cry. I would assist Cody just to get her flow and be near her power and owe her my instant message in return every time she needed me
Is there a way to work witu you personally? I am thinking of selling my business but wonder if I should have a consultant look at it first.
Codie - one thing you are missing is that lots of local stores are replaced by digital e-commerce such as Amazon FBA, FBM, drop shipping etc. I started Amazon FBA two years ago and have already crossed $150k per month. I do love your content but why not create a video on how to start with all the techniques that CZcamsrs prefer to keep to themselves? I gained this knowledge after reading an eBook. No one is talking about how to outrank competitors, gain additional traffic outside Amazon, or properly implement off-site SEO for additional exposure etc etc. I have no doubt that this kind of video would be super beneficial to your audience.
great to hear about your success! I have started Amazon FBA as well do you mind to explain how to rank to best seller? and can you share the ebook name?
Im assuming you mean how to get the "Best Sellers" badge on your listing? The best sellers badge is specific to each sub-category, you have to be selling the most amount of units on a daily basis within your sub-category to get the Best Sellers badge.
the name of the Book your talking about is Passamzalgo right?
Correct.
found it! thanks a lot!
let make local business great again!
*Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly.*
[]Despite the economic fluctuation, I'm so excited I've been earning $45,000 from my $10,000 investment everyday 10days.^>
Quite impressive but HOW!I?© I know it's possible, my colleague at work got her first investment return of 40K after two weeks and she quit the job, I would appreciate if you show me how to go about it..
**I will advice you find a good adviser like Michael T Abagnale, that will help you through^
@@RichardDunn-xf6uuplease how do I contact this Michael T Abagnale
I really need his assistance
Good info…but you don’t talk about the $100’s of thousands you have to have for the 20-50% down for the seller financing…and it’s multiple businesses. A business whose doing $300,000 profit is selling for $1m +.
You can get an SBA loan for the down-payment if the rest is seller financed.
After all where is the money/fund source to acquire many businesses?
**