4.6 • 658 Ratings
🗓️ 21 December 2018
⏱️ 54 minutes
🧾️ Download transcript
Investing in equities can help you build wealth, but creating a business and finding other streams of income can help accelerate building your net worth. Johnny Gabriele knows this all too well.
He thought it would be fun to find a cat-shaped cake mold for his girlfriend. After looking everywhere and finding nothing, he took the opportunity to create his own and started selling them online.
A new small business was born.
Johnny shares the steps to creating a business, and emphasizes that they should be followed in a precise order.
Listen to the steps and our panel discuss how they built their businesses. For more information, visit the show notes at http://moneytreepodcast.com/222
Click on a timestamp to play from that location
0:00.0 | Welcome to the Money Tree Investing Podcast. Stock market, wealth, personal finance, value stocks, |
0:08.3 | invest in your life. Welcome to the Money Tree Investing podcast. We're about to get to our |
0:13.9 | interview. Joe Sal Siha is interviewing Johnny Gabriel about business. But before we get there, |
0:19.3 | are you looking for a better way to invest through the market turmoil? |
0:23.4 | Consider betterment. Betterment is a robo-advisor that uses modern portfolio theory to help you manage your portfolio and reach your financial goals. |
0:31.5 | With betterment, you don't have to worry about what the market is doing on a day-to-day basis. |
0:35.9 | Instead, use the stock market to help consistently |
0:38.4 | build wealth. For more information, visit MoneyTreepodcast.com slash betterment. I use Betterment to manage |
0:44.2 | my own retirement fund and my travel fund, but that doesn't mean it's right for you. Do your research |
0:49.0 | and then head on over to MoneyTreepodcast.com slash Betterment. And now, here's the man himself, Joe Salcihi. |
0:57.2 | Hey, Miranda, how's it going? Doing great. How are you? I'm fantastic. And I'm happy because |
1:02.1 | a lot of people out there, when they look at their budget, they think, you know what, |
1:06.5 | maybe this isn't a budget problem. Maybe this is an income problem. People like you and I have |
1:11.4 | seen lots of people start businesses that go nowhere. So today I'm very happy to be talking to |
1:17.7 | Johnny Gabriel and here's my conversation with him. And we're so happy we finally got him on |
1:23.7 | the show, a guy we've known for, I don't know, maybe two or three years, Johnny Gabriel. How are you, man? |
1:29.0 | Great. How's it going, Joe? Good. So you had a company, a very famous company with my other show, |
1:35.6 | the Stacky Benjamin show, making cat molds. That was, that was like you getting out of working for the |
1:41.9 | man and working for yourself, I think. Yeah, that's where it all |
1:45.6 | started. I started with Charlie Cat and then decided I liked helping other people start |
1:50.8 | businesses better. And so that's still going. And that's kind of like a passive thing. And me and my |
1:55.8 | business partner now help other people make their own Charlie Cats. Yeah, which is funny. |
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