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Codie Sanchez 💥 Profile picture
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7 Jun, 6 tweets, 2 min read
WHY PASSIVE INCOME IS CRITICAL? And how to get it?

1st Why?
Out of a job for a year is NORMAL
- 60% of American adults live with chronic illness
- 42% have more than one
- 1/4 Americans will have a disability (That’s 61 MILLION PEOPLE)
Even for us young hustlers:

- 1/4+ of today's 20 year olds can expect to be out of work for at least a year bc of a disabling condition before they reach retirement
And yet we SUCK at saving:

65% of households lack a mere six weeks of take-home pay on hand.

37% of respondents unable to cover more than a month of normal spending.
Passive Income Stream #1: Mini Casas

- Tiny homes = $4k a month income from $70-100k investment

contrarianthinking.substack.com/p/tiny-homes
Passive Income Stream #2: Hipster Glamping

- Buy land, rent it to campers (Buy land for $10k make $1500 monthly)

contrarianthinking.substack.com/p/dirt-profits…
Passive Income Stream #3:

- A portfolio of small bets. Get you some.

contrarianthinking.substack.com/p/why-side-hus…

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More from @Codie_Sanchez

Codie Sanchez 💥 Profile picture
9 Jun
How do you oversee multiple businesses?
How do you make sure you're growing?
How do you focus on the right things?

I get asked these questions CONSTANTLY and

SCORECARDS: A thread on how I oversee 15+ businesse's at a time, 1 snapshot at a time:
First up: There are probably MUCH better and fancier ways than all of these...

Keep it simple, stupid. There is no exact right way I can show you.

Goal is --> what gets measured gets managed
So you wanna run a media biz?
Scorecard that got us our 1st 25k followers at Contrarian Thinking.

Grow Baby Grow - Marketing spreadsheet Image
Read 6 tweets
Codie Sanchez 💥 Profile picture
6 Jun
Can't believe I'm saying this...

I'm actually concerned we may default on our national debt.

Anytime a country has gone to 130% det / GDP it has been a metaphorical point of no return.

The country has defaulted, a 🧵based on an industry report that got me humming.
Story time: Over the past 200 years

98% of nations that hit 130% defaulted on their debt (usually through inflation.)

Japan is the only one in 200 years that hasn’t defaulted BUT

Japan is rare...
Japan is a nation:
- in budget surplus (i.e. they run a net profitable biz)
- internally funded (i.e. they buy their own goods)
- with a Net Int’l Investment Position (NIIP) of +70% of GDP (aka they save a lot, and can ask for their $ back from other countries i.e. US.)
Read 5 tweets
Codie Sanchez 💥 Profile picture
5 Jun
Investors as Influencers? It's a thing now

I want to invest in a portfolio of "influencer investors" & their funds

Who do I need to know??

*Even Investors worth $46 Billion are getting "influencey"* A 🧵
Investors are going to increasingly become influencers IMHO

Why?

L-E-V-E-R-A-G-E

Leverage is the multiplier

If you REALLY like a deal, you don't just go ALL in. You go 110%+ in.
There are four types of leverage:

Labor + Capital + Code + Audience

Audience is the new kid on the block.
Read 8 tweets
Codie Sanchez 💥 Profile picture
3 Jun
About 30k of you contrarian hooligans follow me here since I started regularly twittering* 6 months ago

To celebrate: a mega-thread of my fav threads I've written.

18 threads to teach you more than an MBA on M&A (& cost ya way less 😉)
(1) Playbook on using laundromats to create boring but predictable cashflow
(2) How to buy land for $10k and make $1.5k/ month on it
Read 22 tweets
Codie Sanchez 💥 Profile picture
28 May
Everything in life has rules. How you negotiate pay, buying a company, getting equity, or just a new job.

If you don’t spend time understanding the frame of deals, you’ll get taken to the bank just about every time.

Don't get taken to the bank⬇️
#1 Every Deal Is About 1 of 2 Things
Money or power.

Every deal.

People will disagree with me here. They’re wrong. So figure out what is important to the other side and you’re already ahead.
#2 Every deal has two aspects: Price & Terms

The saying for dealmakers:

"You can have your price and my terms, or my price and your terms... but you can't have both. "

Secret: Control the terms, you control the price
Read 7 tweets
Codie Sanchez 💥 Profile picture
27 May
Every human should have their rules for life thought out.

What drives you? What is your own personal set of commandments? What lines will you never cross?

I asked my Navy SEAL man, Chris, to write out his 10 rules for life:
#1 Only prove your love, not your worth

- The loudest is a target
- Under-promise, over-deliver
- Humility in everything
- Don’t make excuses for your standards
- Always stay ahead
#2 Strength through conflict and competition

- Iron sharpens iron
- Resiliency is a purpose
- Complacency kills
Read 13 tweets

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