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Good Money with Derrick Kinney

SPECIAL SUMMER REPLAY: Codie Sanchez—How to Get Rich Buying Boring Businesses

Good Money with Derrick Kinney

Derrick Kinney

Investing, Entrepreneurship, Business

51.5K Ratings

🗓️ 1 July 2024

⏱️ ? minutes

Summary

SPECIAL SUMMER REPLAY

 

When my guest Codie Sanchez left her job on Wall Street, people thought she was crazy. But Codie knew that true success meant building streams of income that don't require you to trade your time for money. 

 

So she decided to focus on a niche that few investors even think about: boring businesses. Today, Codie has built a portfolio of 25 "boring businesses," like laundromats and car washes, that generate eight figures in passive revenue. Sure, boring businesses might not be flashy like creating the next Uber, but they are reliably profitable. 

 

In this episode, Codie is going to show you how you can invest in boring businesses and use them to create lasting wealth. Plus, Codie reveals why you can't save your way to generational wealth and the secret to being an incredible deal maker. (And I ask Codie a pretty candid question at the end that you might relate to.)

 

Check out Codie's website codiesanchez.com for great resources.


Follow her on Insta @codiesanchez.

 

Are you a financial advisor? Join the exclusive email list for financial advisors HERE. 

 

Get access to Simple Teen Success HERE.

 

Order your copy of the USA Today and Wall Street Journal bestselling book Good Money Revolution here: https://amzn.to/34hSonE

 

Book Derrick to speak at your next event HERE.


For daily tips to help you make and save money, follow us on Instagram @derricktkinney

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