This Father-Son Duo Make Millions In The Logging Industry

This Father-Son Duo Make Millions In The Logging Industry | Blue Collar Millionaires

Рет қаралды 167,704

4 жыл бұрын

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

Пікірлер: 77

@raphaelmandona8173 4 жыл бұрын

It's nice to hear a child telling his parents how much love he has for the. God bless guys

@UnarmedZombie 4 жыл бұрын

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.

@tsh9513 4 жыл бұрын

Good catch

@Iouis777 4 жыл бұрын

The inheritance bit really cracked me up

@micahhammac1242 4 жыл бұрын

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.

@micahhammac1242 4 жыл бұрын

@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.

@TheLessPro 3 жыл бұрын

Micah Hammac they’re ranch is worth upwards of 10 million its 3,000 acres in the Pecos wilderness

@jimwolabaugh3608 4 жыл бұрын

I LOVE humble, hardworking, successful people

@monkey220ms 4 жыл бұрын

they seem like genuine people, good for them

@maheshverma2023 4 жыл бұрын

Every problem creates a solution.. And business

@liiam7302 2 жыл бұрын

Wow! I love this business. They turn something that people would just throw away into something valuable

@stillontheroad5275 2 жыл бұрын

I am so impressed by this business! I love any business that can turn waste into value.

@funny-video-YouTube-channel 4 жыл бұрын

*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.

@lifeisneverthesame910 3 жыл бұрын

hahaha me too do that job..

@Omegatonboom 3 жыл бұрын

I love these. Keep em coming!

@b.visconti1765 2 жыл бұрын

Just a good ole American family..thanks for sharing🙏

@harrybaulsach 4 жыл бұрын

If I can get rich without people knowing, guess who will know I'm rich.... NOBODY

@rosalbahamer994 4 жыл бұрын

Wood flooring is beautiful.

@Danny-fs1hk 4 жыл бұрын

Great story!

@Hewx2 4 жыл бұрын

Why does 1:51 look like the Cleveland skyline in the background?

@ravindertalwar553 2 жыл бұрын

I love your talent and thoughts 💖

@jaceski5806 4 жыл бұрын

Id like to know the size of the ranch he inherited, not how many cows were there.

@Andrew-rs7tp 3 жыл бұрын

great story

@giovanisoprano5161 3 жыл бұрын

Forrest Fenns grandson!

@bkeen7013 4 жыл бұрын

$1.2M in annual revenue isn't much for a company, even if the margin is 30%.

@charlieswanson6857 4 жыл бұрын

B Keen I agree

@zacharygottlieb4369 4 жыл бұрын

Yeah, I think the point was it was an interesting model. Depending on where u live that can be good money though

@simplythebest5341 4 жыл бұрын

I would take that business anyday! its better than sitting on a desk

@johncuervo3019 4 жыл бұрын

They live a comfortable life and the bigger the business grows then the more headache and less time you have with the family

@hydragons 4 жыл бұрын

@@johncuervo3019 Wait there is still headache everywhere. You just decide if you want to take it all on or distribute it.

@rosalbahamer994 4 жыл бұрын

Imus in the morning,famous in NYC radio.

@Rflows100 4 жыл бұрын

Rise from the ashes, real smooth!

@nicholaslandolina 4 жыл бұрын

David is awesome

@Khaled-lu6ds 4 жыл бұрын

The father on the thumbnail looks like an old jimmy Kimmel

@abdikarima7037 4 жыл бұрын

Omg 😂😂😂😂😂😂😂😂

@topnineshow 4 жыл бұрын

I was wondering where I've seen that guy before 😂😅

@justindchaney 4 жыл бұрын

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.

@austinhannemann2615 4 жыл бұрын

Great American story

@liosot88 3 жыл бұрын

Hope they can use all those threes in California

@26tin 3 жыл бұрын

At 5:47, if you know that you’re broke. Dont have this same mentality.

@benjamindisselhoff5572 4 жыл бұрын

It’s always the rich folks that strike gold

@legacygirl8645 3 жыл бұрын

and it's always the jealous who help push them to work harder.

@jafo766 4 жыл бұрын

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'$.....?

@samsolomon1903 4 жыл бұрын

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

@TheSprti5 4 жыл бұрын

They have a 30% profit margin on 1.2 M so 360K per year. Not bad

@TheSprti5 4 жыл бұрын

Millionaire =! Million dollar income

@samsolomon1903 4 жыл бұрын

@@TheSprti5 Yeah thats a gross profit margin though. Net is probably like 10-15%

@jainamshah007 4 жыл бұрын

They must have Mexican employees

@datawitharyan 3 жыл бұрын

Why don't we have these kind of shows in India. Ohh jesus I forgot we obsurate every millionaire by villifying them.😂😂😂

@yogeshp8542 3 жыл бұрын

exactly

@ericcooper5046 4 жыл бұрын

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

@BRBallin1 4 жыл бұрын

Blue collar means they do work that requires physical exertion, not that they’re poor.

@eugenes9751 3 жыл бұрын

"My wife got pregnant with....." ...

@marclord8281 3 жыл бұрын

David was born with a silver spoon in his mouth, remember your Ferrari David?

@RealSerie26 4 жыл бұрын

$300,000 to $1,200,000 is a 300% growth, not 400%. Americans and math 🤦🏻‍♂️

@darianbell9614 4 жыл бұрын

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.