This Father-Son Duo Make Millions In The Logging Industry | Blue Collar Millionaires
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- čas přidán 6. 09. 2024
- Shiloh and David Old are the father-son team behind Old Wood LLC, a wood floor installation service in Santa Fe. Get the full backstory on how this booming business came to be.
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About Blue Collar Millionaires: Blue Collar Millionaires celebrates America’s most inspiring self-made successes: the working-class men and women who’ve managed to build fortunes with nothing but mud, sweat, and tears. From gator trappers to chimney sweeps to junkyard kings, these folks have overcome incredible obstacles on the way to mastering their trades. But today, they’re all blue-collar millionaires - and they’re ready to share what they’ve learned.
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This Father-Son Duo Make Millions In The Logging Industry | Blue Collar Millionaires
It's nice to hear a child telling his parents how much love he has for the. God bless guys
Dad @ 1:42 "My father got killed in a plane wreck"
Son @ 5:56 "I like aviation. I love to fly..."
Just thought that was interesting.
Good catch
I LOVE humble, hardworking, successful people
The inheritance bit really cracked me up
150 cows and a ranch is like inheriting -$75,000 in debt. If everything is paid off. Your average income is about $40,000 if around 100 cows actually have calves. That's why every ranch with less than 500 cows always had a separate buisness. You have no idea how broke he was because of his inheritance.
@Be Frank Yeah but I would immediately sell all of the cows and all of the land so I could walk away with something. It would be much easier than trying to make it work.
Micah Hammac they’re ranch is worth upwards of 10 million its 3,000 acres in the Pecos wilderness
they seem like genuine people, good for them
Every problem creates a solution.. And business
I am so impressed by this business! I love any business that can turn waste into value.
Wow! I love this business. They turn something that people would just throw away into something valuable
*Good to see* that they are able to use burned wood to create floors.
Which means that forest fires are half as bad for forestry, IF there is still economic value left in the burned wood products.
hahaha me too do that job..
Just a good ole American family..thanks for sharing🙏
If I can get rich without people knowing, guess who will know I'm rich.... NOBODY
Wood flooring is beautiful.
$1.2M in annual revenue isn't much for a company, even if the margin is 30%.
B Keen I agree
Yeah, I think the point was it was an interesting model. Depending on where u live that can be good money though
I would take that business anyday! its better than sitting on a desk
They live a comfortable life and the bigger the business grows then the more headache and less time you have with the family
@@johncuervo3019 Wait there is still headache everywhere. You just decide if you want to take it all on or distribute it.
Id like to know the size of the ranch he inherited, not how many cows were there.
Forrest Fenns grandson!
Rise from the ashes, real smooth!
Why does 1:51 look like the Cleveland skyline in the background?
I love these. Keep em coming!
Imus in the morning,famous in NYC radio.
Great story!
30% profit on 1.2 million is $360,000, and after taxes its like $215,000. That would take almost 10 years for both of them to even earn $1 million, and much longer to save that much.
I love your talent and thoughts 💖
great story
David is awesome
Hope they can use all those threes in California
The father on the thumbnail looks like an old jimmy Kimmel
Omg 😂😂😂😂😂😂😂😂
I was wondering where I've seen that guy before 😂😅
At 5:47, if you know that you’re broke. Dont have this same mentality.
Great American story
It’s always the rich folks that strike gold
and it's always the jealous who help push them to work harder.
This business isn’t really making all that much money. 1.2 million, with 25 employees? If those employees Are only make 30k per year that’s already 750k in payroll alone. Idk
They have a 30% profit margin on 1.2 M so 360K per year. Not bad
Millionaire =! Million dollar income
@@TheSprti5 Yeah thats a gross profit margin though. Net is probably like 10-15%
They must have Mexican employees
They were never poor and never will be. Oh poor me I inherited a ranch. Literally has a land rover in the first picture. Not blue collar
Blue collar means they do work that requires physical exertion, not that they’re poor.
FIRE GIVITH & FIRE TAKITH AWAY...the circle of life , what I look at when BUYING is of course quality , but also how many well PAID employee'$ ? or have YOU $quandered all the DOE on your$elve'$.....?
Why don't we have these kind of shows in India.
Ohh jesus I forgot we obsurate every millionaire by villifying them.😂😂😂
exactly
$300,000 to $1,200,000 is a 300% growth, not 400%. Americans and math 🤦🏻♂️
I don't see a millionaire here. I see a company that makes millions, and family who spends money so veraciously that if they stopped making money for a couple years they'd be bankrupt.
David was born with a silver spoon in his mouth, remember your Ferrari David?
I hate seeing forests cut down for our own development....
These are burnt trees from fires that have to be cleared ._.
It’s healthy for our forests to be thinned out. Many benefits...
"My wife got pregnant with....." ...
Logging business is one of worst , America is one of only countries on earth that use wood to build homes. Such a waste.