The Richest People In The World ALL Did This

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4 ай бұрын

If you’re struggling, consider therapy with our sponsor BetterHelp. Go to betterhelp.com/codiesanchez for a 10% discount on your first month of therapy with a licensed professional specific to your needs.
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WHAT BROUGHT ME TO KZfaq: I worked at Goldman Sachs, in Private Equity, and built up a $100M holding company. But after being in Wall Street for so long, I got tired of managing hundreds of millions for the rich. Investing was for the few not the many. F that. You all are the reason I do this. We as a society need to get rich together. My mission is to create 100,000 business owners, I hope you’re one.
🚨FREE investing and money Newsletter to 750k+: contrarianthinking.biz/yt-lg
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📸 Instagram - / codiesanchez
🐦 Twitter/X - / codie_sanchez
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Check out my other favorite videos! 🔽
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The BE AN ADULT SECTION 🤗
All content on the Codie Sanchez KZfaq 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.

Пікірлер: 208

@CodieSanchezCT 4 ай бұрын

Focus on your mental health with BetterHelp. Get 10% off with my link betterhelp.com/CodieSanchez

@differentincomestream 4 ай бұрын

Thanks a lot for your great video Can i use your Video as Education

@JustusChad1 3 ай бұрын

How do I get in touch do I need a class, start off with investing a $1000 if you have the kindest and the time you have a student ma'am GOD BLESS YOU

@MatteBlackEverything 4 ай бұрын

Codie, what softwares do you use to manage all of your businesses? I'm talking about income, daily tasks, output accountability, etc?

@raajankumar4390 4 ай бұрын

This was so insightful. Take notes people, as a restaurant owner (who bought an existing restaurant with partial seller financing) this is 100% possible. Once my restaurant is paid off, I plan on using Codie’s advice and strategies to buy more existing businesses because I know it works…I’m doing it as I type this out

@rbattle23 3 ай бұрын

Buying a business broken down in such a simple way. Love it.

@johnwright6403 4 ай бұрын

Cody! I love your level of enthusiasm. Very compelling thanks!

@sep11guy 4 ай бұрын

0:05 - that man is not Mukesh Ambani, he is a totally different person called “Adani”

@YoutubeStrategy 4 ай бұрын

Looks like a VA is going to get fired

@_xpiyush 3 ай бұрын

Known as "Gautam Adani"

@GoogleTrendingTopics Ай бұрын

@@KZfaqStrategy they also misspelled several things lol

@ximenahincapie487 4 ай бұрын

Thank you! Very insightful and encouraging 😊

@JohnDoe-lg5nc 4 ай бұрын

Thank you for sharing this info Codie. This is the second time I have seem your content, super impressed by your knowledge and experience. I subscribed to learn more. Good to hear you are in Austin and hope to meet you soon. I currently own a RE Development firm and am looking to buy my satellite businesses.

@stanleyfujiwara1394 4 ай бұрын

Buy a good cross section of an economy, Build a diverse portfolio that keeps you motivated,Speed up the process where possible:i'm all for dividends and i DRIP into etfs (ARKW, VOO, VXUS, IVV) and company stocks. After my first million I realized that when a stock starts booming chances of you finding out means you are quite late to the party, for this I make sure my CFA handles that, ever grateful to Anna Rounds Fay.it's like turning your notifications to earn more millions.

@larryronhartfield55 4 ай бұрын

Good work. cherish variety.

@taylorgreen5908 4 ай бұрын

Anna appears to be well-educated and well-read. I did a search on her name and came across her web, thank you for sharing.

@harrisahmed3066 4 ай бұрын

interesting picks.

@oliviarenereyes 4 ай бұрын

I’d choose expertise any day because finding the right balance between investing and living is very important to me.

@Lvj22 4 ай бұрын

Codie, the WEF said we will own nothing and be happy. Have you seen what is happening with CBDCs? I have been following you for a long time and love your work. I am very concerned about CBDCs and what it will do to SBO.

@gsmith6733 3 ай бұрын

Loved this presentation Codie!👏🏽👏🏻

@chokmah3926 3 ай бұрын

great talk

@ismaelhall3990 4 ай бұрын

very helpful

@djack915 3 ай бұрын

Found you today ! Great info !❤

@LaundromatEntrepreneur 4 ай бұрын

I highly agree with the sentiment of "never invest in a business you cannot understand." Investing in a business you don't understand is like navigating through a dense forest without a map. You're bound to get lost and encounter unforeseen obstacles." Thank you for sharing this powerful video! You're great.

@gloriaandrews9265 4 ай бұрын

😊 TY

@Pioneerofknowledge 4 ай бұрын

Would it be wise if I have the book knowledge and zero experience to start my business journey with buying a business?

@pickuptrucker17 4 ай бұрын

do you have an opinion about franchises? some people are pushing franchises pretty hard right now to me. thanks for all your insight

@Nbkeo48 4 ай бұрын

Yay Cody!

@bobby-and2crows 4 ай бұрын

You are the one person that makes me not think too much Trusst i call it

@MichaelBasse88817 4 ай бұрын

Cool, loving it

@inspiremebree 4 ай бұрын

Have you made a video covering pitch decks? ❤

@darksidevenom6 4 ай бұрын

Hello To Codie Sanchez's media team, I'm Canadian and was wondering if you could ask her if that Seller Financing works here? I don't know where to look for information here. Everything written is about american economics

@daddyschainsjewelry 4 ай бұрын

I do have a piece of advice. Don’t buy a plumbing company if you can’t spot if the work your people are doing is good or bad. Or any other service business.

@DerDudelino 4 ай бұрын

She looks at this from a different lense. Because she buys legacy businesses who have done well, so they've likely done a good job for their customers. If a plumbing company was profitable over 10 years, they probably know what they are doing. She is also really, really wealthy, so she puts in a manager that runs the show, she just collects the money and puts some marketing power behind it. Which can be a big growth driver as well, because a lot of legacy businesses are really good at what they do, but operated by an older gentlemen or couple. People who buy adverts in the newspaper, but haven't cracked the code on Instagram marketing, how to leverage google maps, recommendation on google etc. Since she owns a marketing agency and she and her husband have a big social media team, that's a pretty smart combination :D

@ssingh8166 3 ай бұрын

@@DerDudelino if the plumbing company was profitable for 10 years and you buy it today, what will you do if the manager or main plumber/s leave who made the business profitable for 10 years?? its the people ( plumbers) who made it, so you have to be a good plumber to make it work after buying the business in case the manager or the good plumber/s leave...if you don't have experience as a plumber or not good at plumbing or managing business, then you will drown the business in a few weeks and wasted your money...another problem with service businesses is after a new buyer starts to run the business, sometimes (not always ofcourse) the existing clients/customers stop using the business because they had a good relation with the previous owner/manager and may not like you or may not want to deal with new owner...

@thulaniketsitlile8837 2 ай бұрын

@@ssingh8166@DerDudelino she spoke about deal structuring and partnership agreements which is very important on solving the issues brought about by businesses that solely depend on the founder or one person for them to stay successful.

@Joshmarmolejo_ 4 ай бұрын

I love how she throws jabs at Dave Ramsey. I still listen and watch him. But now that I’m debt free and manage my money better I’m starting to think bigger.

@OHANA-Beach-Suites 4 ай бұрын

Thanks

@MrBobson0 4 ай бұрын

Great video Codie!

@danmartell 4 ай бұрын

Such a powerful video Saving this one for later

@basky7246 4 ай бұрын

😂😂😂

@LaundromatEntrepreneur 4 ай бұрын

I agree. I need to watch this a million times.

@Doozler 4 ай бұрын

❤❤❤ 💪 Thanks Codie!!

@clayak 2 ай бұрын

love this so much

@elsavelaz 4 ай бұрын

This is great advice but I’m really bad with “simple.” I totally get AI and post quantum - but ask me , “what do people know for groceries,” I don’t f’n know I don’t eat like most people. “What do ppl need for their cars?” Idk f’n know I stay in my house. So I make plenty at my job, I’m tryin to figure out how to buy white collar not blue collar business cuz if it can be imagined, that’s more simple to me

@jeniferjohnson374 4 ай бұрын

Idk if this is the kind of contrarian she speaks of

@tinarubio6778 4 ай бұрын

Where do you find local businesses on line. What website ? Please

@cedricbillingsley3960 4 ай бұрын

Personal network, local ads.

@GrizzneyGames 4 ай бұрын

10 seconds ago! Let's goooo! Love all the advice, Codie!

@gabrielkeczan 4 ай бұрын

Awesome 😊

@36willb 4 ай бұрын

I love your content. ❤❤❤

@blackwoodslawn 4 ай бұрын

I have owned a Landscape Maintenance business for 40 years. It's for sale at the right price. Southern California. Recession resistant. Automatic reoccurring income.

@johng8534 4 ай бұрын

But its California lmao...

@DominikStone727 4 ай бұрын

@blackwoodslawn I'll give you your price if I get to decide the terms.

@blackwoodslawn 4 ай бұрын

Thanks. @@DominikStone727

@DS-gt1ft 27 күн бұрын

Yeah, you and every other Mexican in So. Cal has a landscape business. And more pouring over the border every day.

@amyk3020 4 ай бұрын

BEST BEST INTERVIEW, Love Codie and her knowledge. Would love to sit and have lunch with her. Thanks for great content and yes, I am a realtor and we should be buying real estate for ourselves first.

@zye_zigh 4 ай бұрын

Soon it will be this woman is one of the richest and that woman is one of the richest. Represent

@jed88 4 ай бұрын

Little River Band. Classic Oz rockers.

@zelowatch30 4 ай бұрын

Codie ❤

@bruceperkins5868 8 күн бұрын

Codie. I have the 27th business to own under a joint-venture partnership deadline. Please get back to me. This offer won't last for long. I decided I would offer you first, cause by watching your videos,, I like how real you are.

@OHANA-Beach-Suites Ай бұрын

Codie….IM HAPPY AF! I live paycheck to paycheck!

@Lawrence_of_Asia 4 ай бұрын

Amen for Juiceland!

@bobby-and2crows 4 ай бұрын

I love you leveraging on my loyalty

@vincentvalentine3618 4 ай бұрын

🔥

@JustusChad1 3 ай бұрын

Good morning ma'am would you be kind enough to teach me this cause I am tired of living life the way it has been thank you so much AND MAY GOD BLESS YOU

@RyanLordOfficial 4 ай бұрын

🔥🔥🔥

@Pietreniu 4 ай бұрын

Why would I ever sell my profitable business for as low as 3x of yearly cashflows when every business has also a lot of tangible assets like: infrastructure facilities, cars, know how, cash equivalents, materials etc. There is terminal value of every business. Someone needs to be out of his mind to price its business purely on cashlows. If I got car washing machine earning 1 million profit yearly, you always need to pay my x times cashlow + price for my car washing machine

@travisoshea 4 ай бұрын

yea im confused on the title of this video and how easy she makes it sound but does not really explain it. maybe i missed the point

@curtistaylor4501 5 күн бұрын

Ask yourself, How many businesses have you bought and/or sold. It's called standard valuation of a business. Your valuation of assets is only relevant when you are seeking debt financing or during liquidation. When people sell a profitable business, they've generally gotten what they want out of the business and are moving on to new opportunities or simply retiring.

@UKRAGHU 4 ай бұрын

You have put Gautam Adani photo in place of Mukesh Ambani, will it be possible to rectify from your side in this video pls?

@TalesOfTrillions 3 ай бұрын

I'm all in for the 'buy your way to wealth' strategy. Who knew laundromats and plumbing companies could be gold mines? 🚀💰

@shunya1988 2 ай бұрын

0:05 That's Gautam Adani not Ambani.

@diaryofocdgirl 4 ай бұрын

Build radar. do not move. When you speak, you have to stand without walking, so that you audience don't get distracted.

@tarantojsingh8399 4 ай бұрын

That picture in the very beginning is NOT Mr. Mukesh Ambani (richest in India), its Gautam Adani.

@DS-gt1ft 27 күн бұрын

Long ans short of it is.... THEY GOT LUCKY... Right place, right time, right product. If I took away their wealth, NONE of them would become a billionaire again.

@yourfirstbook101 2 ай бұрын

❤

@dr.r.k.shaffer555 3 ай бұрын

Dave Ramsey never says to save your way to millions! He talks investments as well. Get your facts straight.

@MRCPPACES-AcethePaces-vv7bu 3 ай бұрын

Do you soend tume on the highest leverage game Or Do you pkay other peoples game

@ashmarie1294 4 ай бұрын

Absolutely amazing advice!! ❤

@user-ln3ch7hy1x 4 ай бұрын

Really? She basically gave 0 actual advice despite talking 200m/h

@ashmarie1294 4 ай бұрын

@@user-ln3ch7hy1x you have your thoughts and I have mine. Have a blessed day!

@DominikStone727 4 ай бұрын

@@user-ln3ch7hy1x you get out what you put in. You put in zero, you got zero back. Simple math.

@richhands5269 4 ай бұрын

My three favorite channels: Codie Sanchez, Stock Brotha, & How Money Works. Make my week complete! 🔥 🔥 🔥

@NextLevelDre 4 ай бұрын

If you’d like a good recommendation you should check out Gary Vee too! Between the two of them anybody growing a business will find so much valuable advice!

@josephjones836 4 ай бұрын

Yo haven't steered wrong yet. Thanks Rich.

@travisoshea 4 ай бұрын

garvy vee is more about hustle and hard work and is pretty much a motivational speaker on YT and so was this video. less hustle and hard work but definitely motivational. the title is very misleading@@NextLevelDre

@redeerum 4 ай бұрын

5:00

@clintedwards5664 4 ай бұрын

Hey I didn’t know I was trying to buy a fence company 😂 CLINT that’s funny I’m a carpenter house builder ( fence ) builder anything to do with a home except ac 😂 that’s crazy

@natandrake6007 3 ай бұрын

"If you have the investment, the money will be there."

@Traymoneychallenge 4 ай бұрын

a strategy involving networking, learning, investing, observing short-term profits, repeating the process, buying a company, learning more, and reinvesting. The effectiveness of such a strategy depends on various factors, including market conditions, individual investment goals, risk tolerance, and the specific companies or assets being considered.

@noorali2870 4 ай бұрын

Real wealth is your loyalty with your Creator! Everything would be left here in this world once our heart stop beating, lungs stop inhaling & exhaling (respiration), eyes closed, means when we become a dead body, So leave these calculations dear Codie and start research on Islam(Peacefulness). You are a good human being and I will pray for you.

@AkshayMudakavi 4 ай бұрын

a mistake ... thats not mukesh ambani... its Gautam Adani...

@shreiyasingh8007 4 ай бұрын

You have a different person’s photo for Mukesh Ambani

@ronibiswas1337 4 ай бұрын

Really u are great business Experiences, all the best Codie.🎉

@leadgenjay 4 ай бұрын

Great insights on wealth building and the power of ownership. For entrepreneurs looking to buy businesses, remember to dive deep into due diligence, especially on customer concentration and the seller's discretionary earnings.

@user-fj5gw8ot7p 4 ай бұрын

That's not Mukesh Ambani that's Adani

@dls.76 4 ай бұрын

I’m unemployable and know it! I want my own business!!

@user-ln3ch7hy1x 4 ай бұрын

Are you sure? 95% of businesses fail

@DominikStone727 4 ай бұрын

@@user-ln3ch7hy1x spreading misinformation and fear are we? That's not even the full statistical quote. Here - According to the SBA, about half of all new establishments survive five years or more, and about one-third survive 10 years or more. This suggests that while many new businesses do fail, the failure rate is not as high as 95%. Given that information you don't know what type, age, success level etc business @dls.76 wants. Maybe next time you sit down and listen or fact check before you shit on someone else's goals simply because you're too afraid to have goals.

@fengjikangqiang 4 ай бұрын

CODiE probably wants to be the 1st person to get rich talking about rich people.

@sky.the.infinite 3 ай бұрын

… sacrificed babies…

@hblog 3 ай бұрын

What does that even mean?!

@sky.the.infinite 3 ай бұрын

@@hblog LOL

@theluckyman74 3 ай бұрын

Others people money was a classic movie that taught us you Must use Others peoples money instead of your own. Just watching it right now. Devido at his finest.

@louiseyvette2261 4 ай бұрын

My Grandma was pretty smart 😊

@harmonicamanrandy 2 ай бұрын

Therapy? How about just tell us about the business? Why would I get therapy as research?

@yash9694 2 ай бұрын

That's not mukesh ambani

@SG-es2hf 4 ай бұрын

Thank you💜 you are right, I agree & WE really need to take action for ourselves!!

@lilindianteen3 4 ай бұрын

Youve got the wrong mukesh ambani

@astatine0085 4 ай бұрын

If everyone is an owner on passive income, who’s going to do the work.

@A91367 4 ай бұрын

Seeking money past a certain number is dumb.

@ProgrammingWIthRiley 4 ай бұрын

Not if you have good plans for it. Lots of people hold the money up, velocity of income is what matters

@hg2763 4 ай бұрын

How much money is enoughfor you?

@A91367 4 ай бұрын

@@hg2763 enough to live comfortably and never work again. Ur assets will continue to appreciate. Beyond a certain figure (im not going to say it) nothing changes. Unless ur obsessed with flying private or something in which case … dumb in most cases. These people are usually not at peace and obsessed with money. Money is a means to an end. When you get there stop.

@A91367 4 ай бұрын

@@ProgrammingWIthRiley what are you saying here ? People hold the money up? Theres cashflow and there’s assets that appreciate or companies you can sell for multiples. ‘Plans for it’ - the smart goal for money is to stop working and enjoy a full life and to not be obsessed with things or money which becomes a sickness.

@jeniferjohnson374 4 ай бұрын

She said clearly the more money you have the more power you have which equals more freedom

@trulie508 4 ай бұрын

You never heard of anyone losing money learning??? College debt is a new term for you? Lol besides that it’s honestly very insightful but a lot of this needs more context to fully understand and grasp. Most people shouldn’t buy trade businesses if they don’t have some basic knowledge of it, it’s a recipe for disaster

@ahammednibras8 4 ай бұрын

its not Mukesh Ambani its Adani

@HomesHealthGatitude 4 ай бұрын

Gary Keller and Codie Sanchez!!!!!! The best

@chaselesser3191 4 ай бұрын

Dave Ramsey is for the Majority of people that will never start or own a business. And there is nothing wrong with that. Still has a good success rate.

@BEMEiTY 4 ай бұрын

so is she

@chaselesser3191 4 ай бұрын

@@BEMEiTY Yes, yes she is. I feel she has the most useful advice for people wanting to start/own a solid business. Which is about 7% -10%. That’s not the Majority of Americans, thou.

@EstebanCervi 4 ай бұрын

Like if you are a Codie Sanchez fan 🔥🔥🔥

@sosakrish49 3 ай бұрын

The richest person in India : Mukesh Ambani and his pic doesn't match. The man in the pic is Gautam Adani

@OnusOfNous 4 ай бұрын

lol she’s put Adani’s photo and has written Mukesh Ambani beneath it

@OnusOfNous 4 ай бұрын

Adani*

@CallMeTAGG 4 ай бұрын

Keep it stupid simple 😂❤

@revanthamoji4356 4 ай бұрын

Ha ha 😂😂 they showed Adani in video for instead of mukesh Ambani

@Aj-tu4gv 4 ай бұрын

3rd eye stargates shiva lingams, genies, government, intel,.......?????

@phyrasshaidar5507 3 ай бұрын

Am I the only one took a breath for her?

@joelcmckenna 4 ай бұрын

I want to loose a few pounds because if I look at some one %get off the screens%who has skin in the game..

@ashleybrown325 4 ай бұрын

Me an my people love 💕 😊her she is so amazing very beautiful and smart like Telsa ! The queen of small electric business ! 👩‍💼

@Alicia75700 4 ай бұрын

Codie its amazing how you make it simple but it makes sense. Still watching your seminar and going how can troubleshoot my business.

@johng2779 Ай бұрын

Can a felon have a high level job like own all kinds of businesses. Non violent I think. If that matters

@CraigCastanet 3 ай бұрын

God damn. Cody understands freedom and has the guts and smarts to articulate it. She's the best kind of American; locked and loaded.

@aware2action Ай бұрын

Self bragging at the finest👌😂

@iamcoreymcclain 4 ай бұрын

First!

@user-qx2gp2om9s 4 ай бұрын

She wants us to buy businesses that have low margins and profit and are prone to new tech (owned by corps) making them obsolete. So buy some junk business and be left holding the bag, meanwhile the banks juice on ur note still runs...😅

@kumarsantosh98 4 ай бұрын

So then that’s a scam

@kalpavriksha666 Ай бұрын

You are right you don't want capitalism but only capitalism is there you seeing everything today they also started in same way you are doing so tomo when you grow and but more business you also become capitalist so one day you are become capitalist but advise people to own small business is right road map.you may get seller finance but don't think every body get it think of consumer product distribution is best business and recission free and foods is very good business india as got very good products which will be very hot Market in usa.Try to get into fmcg which become life line.every body in your family ear food so have look at import of foods.i am here to help you and sea foods great opportunity no need to buy or sell just tell also eco friendly products.