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Codie Sanchez 💥

15 Apr, 12 tweets, 4 min read

The secret to wealth building?
A portfolio of small bets.
As you go, you double down on winners and cut losses on losers.

A thread on wealth creation your financial advisor doesn't want you to read:

#1 Public Markets are NOT the way to F U Money
- Even in this massive bull run, look at the Forbes 100 list.
- None of those names got there by stock picking.

#2 WAIT CODIE - What about Buffet & Icahn.
- They do insider deals bud. I was at Goldman when Buffet negotiated his private deal w/ warrants & options
- Icahn literally does stock manipulation aka activism.
- Even geniuses don't play on a level field. They build their own.

#3 The Money's Made in the Dark
We focus on cashflowing, private markets deals.
Why? This graph.

I have NEVER SHARED my playbooks I use to build my portfolio in real-time before... because I don't do financial advice.

But I think it’s finally time to share what I do, then you adults decide what works for you and what doesn't. Why?

The CEO of one of my last companies said to me: "We get rich quietly here."

And I thought (but didn't reply bc I am a wuss): "Wouldn't it be better if we all got rich together? Teach a man to fish - he'll stop thanking the govt for giving him 1/3 his own tax $'s back?"

SO I am LAUNCHING a PAID sub of my newsletter - Contrarian Cashflow

The GOAL: get you financial freedom which leads to all freedoms.

It has 4 parts: Community + Playbook + Syndicate + Cantankerous Hominoids

#1 We give 1 actionable idea a month w/ a playbook to act on it, a community of others trying to never have someone own their time again..

#2 Syndicate - Private deals and dealflow...

Because I'd rather talk about investing w/ buds than our kids, what happened at work or why Karen is ______ (insert annoying Karen-ism).

#3 - A ROADMAP with directions…. Because remember what life was like before google maps... we fix that for finnance 😶

Think - a deep dive of what you need to do to execute, step by step.

@ShaanVP

#BONUS - And, private calls, live Q&A's w/ ridiculously impressive humans like:

@ShaanVP - launched a fund on Twitter to strangers and raised $4M
@RobuiltChannel - owns 10+ tiny home communities
Aaron A - bought & sold $1B in RE at auction, teaches us how etc

If you want multiple streams of income.
If cashflow is more interesting than future speculation...

We just may be buds..
Join the free version for now: Premium launches March 3rd.
contrarianthinking.co

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More from @Codie_Sanchez

Codie Sanchez 💥

@Codie_Sanchez

13 Apr

How four decisions led to me losing $11,671,000 benjamins....

I write a lot about the good deals I've made, a thread on some of my more asinine decisions. My hope - you learn so there's some point to it all 😂

Decision #1: Divorce.
Your MOST important partner, the one you pick for life.
I got married young. Did well.
Realized I hated that fast-paced, Wall St, country club, sports car life.
I wanted out, he didn't. So I gave away 60% to avoid litigation.
Never worn Chanel since 😜

A $2.5-3M loss.

Lesson 1: Partnerships are easy to get into damn hard to exit.
Lesson 2: There's always an exit tax.

Read 13 tweets

Codie Sanchez 💥

@Codie_Sanchez

9 Apr

I was burned out in finance, working on someone else's schedule, tired of having my time tied to $.
So I started investing in cash-flowing biz's.
Not sexy startups, but boring businesses.

One of my fav small deals netted $67k a year, $100k at close... w/ quarters

A thread:

I asked myself:
How could I work when I want, where I want and on what I want.

Problem:
I'm not smart enough to create the next Tesla, Bitcoin, FB, etc.

But I can model like a MF'er and I'm pretty good at DD

Solution: Maybe I should just buy a boring cash-flowing biz?

Now I own 7 that I'm active in and many more that I passively invest in.

Now I ask myself: how do I get more people in the ownership/acquirer seat?

Read 10 tweets

Codie Sanchez 💥

@Codie_Sanchez

8 Apr

10 Hard Truths About Getting Rich.

The things no one told me, that are the opposite of PC.. and turn out to be true... (a thread)

1) You need to know how it feels to lose, to win. You won’t take enough financial risk if you always play small.

So I hope you lose early, then you’ll see at once how it feels to survive & realize you aren't invincible.

2) There is a direct correlation between doing hard things AND making money.

The harder the problems you solve, the tougher the challenges you put in front of yourself, for some reason the universe rewards those.

Read 11 tweets

Codie Sanchez 💥

@Codie_Sanchez

7 Apr

@LisaSongSutton

Buying 300 golf carts at a bankruptcy auction & selling them for 5x?

Don't let the ridiculously high stilettos fool you.
@LisaSongSutton is a former attorney & shark.
A thread from our call on buying at bankruptcy auctions:

Tiny lady + big profits.
5'2 inches of lil Lisa likes to call up trustee attorneys and tell them:
- she's a cash buyer and when they have items come up to put her on the list.
- that's how she got access to 300 golf carts at a golf course firesale
- she promptly bought them..

When I asked, "But, how'd you know what to buy them for, how to sell them and whether you'd make money?"

She replied, "Google, b*tch."
Ok. Point taken.

Read 6 tweets

Codie Sanchez 💥

@Codie_Sanchez

5 Apr

Buy land for $10k, and make $1,500 a month on it?

It's not just possible, turns out it's repeatable.
A thread on glamping and land grabbing:

All started when Kate Hacock told me she bought 3 acres of land in Joshua Tree for $10k (on a Contrarian Thinking call)

She wanted a biz that was low maintenance, low cost, low risk & didn’t have much wear and tear.

A plot of literal dirt appears to hit those parameters.

I like Kate, but my motto is question everything, I didn’t believe you could get land in Joshua Tree for $10k. Turns out, joke is on me.

Hundreds of acres for sale surrounding Yellowstone, Joshua Tree, Moab, etc for prices ranging from $5-20k an acre.

Read 8 tweets

Codie Sanchez 💥

@Codie_Sanchez

2 Apr

@michaelnerby

In November, @michaelnerby closed on 2 laundromats in CA

Used $25k cash to close on assets worth ~$1 Million
- 4,200 sqft w/ 114 washers & dryers

A thread on creating $250k in boring biz cash flow: (WARNING - no NFTs were used in the creating of this deal 🤣)

@BizBuySell

Got the property through a broker referral. (@BizBuySell)
Followed up to get the financials.
Financials looked good (aka clean and profitable)
Both locations bringing in 46k gross and approx $23k net.

Arranged a visit to walk the properties.

No branding. Terrible flooring & green paint job 🤢.
Hardly any marketing.
Absentee owner.
No credit card.
No drop-off services.

No website = GOLD.
Lots of room for improvement... Start getting excited.

Read 11 tweets

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