There is one truth I say over and over again… It’s easy to start a business. It’s WAY harder to make a profitable one. That’s why I think buying a business with existing cashflow is the best choice. I call it acquisition entrepreneurship. If you’re curious about business buying, I’m hosting a free 90 minute class on October 16 @ 11AM CST. You can sign-up through this link! Can’t wait to see you there, we’re bringing the heat 🔥 contrarianthinking.biz/4gRbKRg
Yes! I'm celebrating £32K stock portfolio today... Started this journey with £3K.... I've invested no time and also with the right terms, now I have time for my family an…
You work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K in a bitcoin from just a few months ago and now they are multi millionaires..🇺🇸.
I am 52 years old. I reached my first 100 thousand dollars in just 3 months. I started with 20k investing in Bitcoin ETFs and other dividend income. My medium-term goal is to grow my money investing forever for my business and children..
This year I reached 100 thousand invested in Bitcoin ETFs and other dividend income, it was exactly 1 year and 4 months, I already accelerated to reach 200 thousand, I think I will reach the goal sooner
I came across your channel through this video-case studies are incredibly valuable, and I'm eager to see more in the future! Building wealth involves establishing routines, like consistently setting aside funds at regular intervals for smart investments.
That sounds like a good plan. In the past two years, working closely with a financial market specialist, I've built a six-figure diversified stock portfolio. Now, I aim to diversify even more this year.
You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 14.3%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an advisor.
Talking about a financial market specialist, do you consider anyone worthy of recommendations? I have about 100k to test the waters now that large cap stocks are at a discount... Thanks
My CFA Stacy Lynn Staples a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..
Florist here, 7 years (California saturation is up the ying yang) I started from home, got the shop, scaled, not true, this business is not lucrative. The labor to costs are not feasible profit margins. Materials are super expensive, florals are a luxury not a need. I strongly disagree with this video at least for California.
Coming in from Texas as well, Chiropractor may be low startup once you get you license but that 3-4 years is going to cost you $250k to $500k+ in student loans. I know this because about 5 years ago this was going to be the route I looked into doing after finishing my Biology degree when I retired out of the military. Further discussions with other chiropractors about price of school, debt, and what the reality of their salaries were, I decided to just go use my GI bill and get two master degrees and currently half way through my Doctorate of Business (DBA) degree. Great video keep it up Codie.
From $17K to $145K that's the minimum range of profit return every week I thinks it's not a bad one for me, now I have enough to pay bills and take care of my family.
I was a stay at Home mom with no money in my IRA or any savings of my own, which was scary at 53 years of age. Three years ago I got a part time job and save everything I make. After 3 years, I am 56 yo and have put $9,000 in an IRA and $40,000 in my portfolio with CFA, Abby Joseph Cohen. Since the goal of getting a job was to invest for retirement and NOT up my lifestyle, I was able to scale this quickly to $150,000. If I can do this in a year, anyone can.
The thing is people often doubt the prospects of financial advisors like Abby Joseph Cohen in business/markets today. Well it gives me more time to get ahead while they stew in their own pity and doubts as they childishly complain about those spreading the word
I know this FA, Abby Joseph Cohen Services but only by her reputation at Goldman Sachs; even though she's now involved in managing portfolios and providing investmnt guidance to clients. I have been trying to get in contact since I watched her interview on WSJ last month
@@VernesaGunzWell her name is 'ABBY JOSEPH COHEN SERVICES'. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
@VernesaGunz Well her name is 'ABBY JOSEPH COHEN SERVICES'. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
Cleaning business!!! That’s what I started 6 months ago and have property management clients already. Please talk about this low barrier to entry business in an upcoming video!
Here is another great business - doll repair shop I paid over $200 to have a 17+yrs toy stitching profesionally fixed, stuffing removed and deep cleaning and some esthetical fixes
I love your videos, so here is a challenge; Low-risk boring businesses for disabled or chronically sick people who still want to make a difference, with let's say 5-15 hours a week non-physical draining jobs 🙂
I would love to hear this as well. The only business she mentioned in this video I could even consider doing is a bookstore, but I'd definitely have to have hired help to assist with all the physical stuff in the store that I can't do. A work from home business would be ideal for me, but I don't know what that'd be. I've tried KDP publishing and that went nowhere. Started a RU-vid channel earlier this year, but I don't even know how to edit a video so all the ones I've posted are not edited. I already work a full time job from home, so finding the time to learn new skills is difficult (especially since I'm exhausted all the time). I'm in my 50's and would love to have another revenue stream, but nothing ever pans out for me.
I started a unique photography business, low start up.. issue was income was capped at what I could do myself.. hiring other photographers the good photographers could do this on there own and the bad photographers were bad😢.. it was stagnant and not really scalable
Always love you videos. I just looked into a business for business #5. It’s called BNB Leverage. Great concept where you don’t even have to buy a property. You rent from a homeowner.
I researched doing a food truck and found that profitability was good at the start of the pandemic, , but now its very low if not unprofitable. The vehicle, gas and food costs have surged so damn high and the silent killer is city hall permit fees. I've spoken with some food truck owners and they have said getting in on it now would be high risk, low reward.
Hallelujah!!! I’m blessed and favored with $60,000 every week! Now I can afford anything and support the work of God and the church. For Your glory, LORD! HALLELUJAH!
I Hit 110k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started last month 2024. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject. thanks to broker Michelle Cole for helping me achieve this
She is my family's personal broker and also a personal broker to many families in the United states, she is a licensed broker and a FINRA AGENT in the United States.
You are right!!! The very first time I tried, I invested €5,500 and after a week, I received €15, 800. That really helped us a lot to pay up our bills...
Trading without professional guide...Huh I laugh you, because you will remain where you are or even make huge losses that will stop you from trading, this has been one of the biggest problem to new traders
i feel like there is a difference between the highest chance of success and lowest chance of failure, its probably better to go towards the higher chance of success imo
15:30 My grandpa owned a garden before he died, had about three of those greenhouses each full of flowers and a front shed that he sold them out of, sadly when he passed his employees stole all of his stuff and grandma moved states, my dad never picked up the business even though it was during his "be your own boss" phase of life
@@ErikaDobre-c6e My dad is now divorced, his adopted mother (simplified by me calling her grandma) passed away last year, and he only has a net worth of about 10,000 after selling much of his stock/401k during covid to save himself from losing more of it in the crash, he also lost his house after a bankruptcy and he is dating a 27 year old, which is the only good thing he has going on (his oldest child is 26-27 years old and he only my half brother) so put simply no, because he didn't want to work hard in life, I don't want to crush your hopes, now I live with my mom (happily paying $800 a month in rent to support her) and making more then my dad and my investments during this past yet brought my net worth to be higher then my fathers (I do have 5,575 in a car loan but my net worth still surpasses his), my boss is having problems with me but cant afford to loss me because of my work ethic and training ability, basically if your idea of a Boss is a hard working individual who takes responsibility then yes it will work out, if you think a Boss is a sit back and hope all is well then you will end up like my dad, its not you words that count but your actions
Great job Cody. My cousin has a landscaping business He’s had for 35 years, my buddy Martin is a chiropractor. I’ve had my business of support care for about 24 years. It’s had its high and lows …most of the lows come from the government, constantly changing the goalposts. my weakness is marketing, I need to get around that
Please please please. Do no go into Chiropractic “medicine”. Schools are extremely expensive (hundreds of thousands of dollars). Low pay (75-100 thousand a year at best.
THANK YOU THANK YOU THANK YOU! Thinking of relocating to a no state tax smaller town from big city area…. I like the small bookstore idea!, Mind blowing because for some reason THIS VIDEO HIT DIFFERENT!!! Blessings to you and your family!
Hi Codie, I really enjoy your content. As a person with a disability, I am wondering if you would consider creating a video geared towards helping those with disabilities start businesses
Excellent content piece, Interesting data on bookstores, a very curated one recently opened on my town’s Main St. Side note, my Fundrise investment hasn’t done so well for me compared to gains of my boring REITs.
The funny thing about this video is that I’m literally a groomer for Petco starting my own grooming company and my girlfriend is starting up a daycare/boarding service for dogs too. Just don’t forget insurance and liability forms! Expensive and very important, since dogs can be unpredictable
What can push a landscape business to sell. Because It look like there are numerous stuff to do (Parks, Houses, Offices and others) , and if there are selling, how can I buy them without having the same previous problem and issues?
I think the bookstore sellers will be struggling coz people these days don't wanna read books coz of tiktok. In my country, in 2023-2024 alone there are 2 major online/offline bookstores have to close down premenantly.
Hey Codie, I started with STR arbitrage. It has morphed into revenue share agreements only now with 15 listings and 5 different owners. I have no idea about my KPIs to grow more. I also bought a house to flip and I'm about to get my 2nd one.
Thanks for the great content! Started my journey to search for and buy a business recently because of you. Reaching out to a lot of listing to try to learn more about the businesses and trying to see if I can leverage any of my other connections to potentially find off the market deals. Still have lots to learn but hopefully as I do my research and review enough businesses I am able to find the right one and get the right deal. Do you have any recommendations for understanding the more technical side of reviewing and evaluating businesses? I think I have a general idea and use to do a lot of property analysis for potentially good single family homes on the market that would cash flow as a rental investment. But with businesses there is definitely a lot more to consider and no two businesses can probably be evaluated the exact same way. Last question, Do you know of any good information or sources for veterans who may be looking to use a SBA or other opportunities to help with funding the purchase of a business?
Ms. Sanchez there's a already Established ATM vending route 21 ATM's at different hotels and high-end locations.In my area, they're asking 150k It's making 65K year already. What do you think? By the way I have Listen to every bit of your Content that I possibly can. You have been a godsend. I would of course have to attempt to Get This one hundred and fifty k financed. I really want to aquire this atm route bad. I see it as a few hours a week making over 1000 a week profits. It is a franchisee business as well. Please advise.
@@atprrenceda88 i actually ran across a vid that Ms. Sanchez talks abt not ever getting into the atm business and it makes a lot of sense so i aborted that catastrophe
Codie, I have 💰in an old 401 k that I want to use to start investing in with a guy who owns several businesses and is always looking at new deals. Trying to talk my wife into letting it happen but we are also Dave Ramsey people. I know we are missing out on so much growth % . What do I do?????
Data says it takes money to make money and I'll tell you this, if I made the money your channel makes, I'd sponsor several people a month with a few k so they could get started. Hire a team to vet the people but I'd actually give people the boost they need. Thx for the great info but it's everywhere. Money is the problem. Be the solution. Be the change. I will be 💙😺💜
After I raised up to 325k trading with him I bought a new House and a car here in the states 🇺🇸🇺🇸also paid for my son's surgery (Oscar). Glory to God.shalom..
This is correct, Minority Mindset strategy has normalized winning trades for me also and it's a huge milestone for me looking back to how it all started.
It doesen't matter what business you start, until you have millionare husband who will pay your hobby café/art studio/dress shop. You can be in deficit for decades until you do what interests you.
I agree… cause the health/medical care industry isn’t there to heal you or fix your problems. A patient cured is a patient lost. I couldn’t do laundry or basic life tasks because my right knee wouldn’t bend without pain. A doctor told me he could prescribe painkillers and suggested exploratory surgery. Went to a chiropractor 3 times in one week. Now I can do laundry, get up and down from the floor and work in my garden without pain. My chiro only charges $50/visit. The MD couldn’t fix my problem but the Chiropractor did.
