4.6 • 2.7K Ratings
🗓️ 21 November 2023
⏱️ 78 minutes
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0:00.0 | Everybody who is wondering how the heck do I make money how the heck do I build wealth should listen to this |
0:16.2 | episode with Cody Sanchez she talks about how buying small, boring businesses |
0:24.4 | is basically the key to wealth. |
0:27.2 | And I believe this. |
0:28.0 | I 150% believe this strategy, |
0:31.8 | and she's done it, she's shown other people how to do it if you go to |
0:35.6 | her site contrarian thinking.co you can learn a lot more she has her newsletter she has |
0:41.1 | courses but she's been in the trenches, she's done the work, she knows |
0:45.1 | how to do it, and has loads of great advice on everything from business to relationships. |
0:53.6 | We talk about all of it in this episode, such a fun episode. |
0:57.0 | Here it is. |
0:58.0 | This isn't your average business podcast and he's not your average host. |
1:07.0 | This is the James Altiger show. So Cody you've been a huge inspiration to me because I agree with everything you say about business and particularly the path if someone just simply wants to get wealthy |
1:35.0 | There's two words you have to know, buying a healthy business and buying a boring business, |
1:38.8 | so healthy and boring equals wealth. |
1:41.8 | Yep, I agree. |
1:44.0 | Tell me how, like, did you start out like buying like a laundromat or like what did, or a car wash or like I started looking |
1:51.6 | at some of the sites that you recommended in one of your newsletters and I'm going to get back to your origin in a second. |
1:57.0 | I just want to ask you, like I saw this one company right near where I live right now. |
2:01.0 | It's a solid dry clean operation in an affluent area. |
2:06.8 | Cash flow $126,000 asking price $249,000, so less than two times cash flow, and they've never done any advertising. |
2:16.0 | So that's just, you could do advertising they claim to boost revenues. |
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