Building wealth doesn’t have to all be giant moves.

How you do the small things matters, here's a short list of tech tools that help me grow wealth step by step…
One of the fastest ways to kill startups is reoccurring costs, Same with wealth.

I use @truebill to delete all my subscriptions
What gets measured gets managed.

Although it’s far from perfect I use @mint and a good ole excel spreadsheet to teach my wealth weekly and monthly
Investing without friction is key to compound interest.

So even though I can get into private deals I still use tools like @Wealthfront and @Fundrise to invest small amounts
Crypto is an increasing allocation for me I like @Gemini and @CelsiusNetwork for initial ease to purchase

Then you can get complicated
Managing monthly p&ls across many businesses can get overwhelming so @Bench helps with my day to day views
Start small. Keep it easy.
Getting rich is a marathon not a sprint

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More from @Codie_Sanchez

23 Dec
So you want to buy a laundromat?

Here's a real deal, replacing all the machines in the deal terms, and w/ a quote on it.

The Big Q in deals: How do you know what's worth what?
First compare? Google is almost always the answer.

A quick google of the model numbers of the bill changer and bill dispenser shows prices around $2k and $1k less than quote.

You don't need to be a genius, Google is.
Never just take one vendor quote.

I use Dexter. Their 40-pound washer is $7,350, while your 40 pounder is $10,314.
Read 7 tweets
15 Dec
How did this 23-year old buy a $250k revenue biz for just $1,000?

Here's the story of the "Squeegee God", @SqueegeeGod
In 2017, Johnny Robinson started a window cleaning business with his buddy as a side hustle

They spend $150 on start-up materials

Here's how the first 4 years went: Image
In 2021, Johnny will do close to three-quarters of a million in revenue

AND $175k ish in profit.

His operation is a well-oiled machine with 10 W2 employees

But wait until you hear about the acquisition he did to really get his business to the next level
Read 17 tweets
9 Dec
How MrBeast made $10M & grew 12.5M followers in a week?

2 weeks ago he recreated Squid Games for his YouTube…

157 million views later (the show itself had 145M) and it's a masterclass in content, virality and ... cashflow

Oh and he spent $0 to do it: A 🧵
Let's look at costs of the video:

Grand prize= $456k
2nd place prizes =$10k + $2K for 454 (some got $4K)
Set build + production cost = $2M

Total cost = ~$3.5M!!

The best part?

His sponsor @BrawlStars (mobile game developed by @supercell) covered the costs
A look at the numbers:
@MrBeast_Stats is a fan page dedicated to sharing his numbers

Here's the breakdown of his following across all platforms when the video was released:

Read 9 tweets
7 Dec
I just closed on a 60 acre plot of land & RV park:

= $475k, 10% down, 30 year loan
= $100k a year profit
= Adding 2 things that will take it to $300k yr profit.

What's the best place to invest in land deals right now?
Location: Oklahoma.
Why price: retiring owner, remote area, needed manager.

No one to manage means less buyers… solve for this, and add a fast close.

You’ll be amazed what happens.
Adding:

Agriculture aka leased cows and tree farm land.

Hunting allotments, events and range.

Let’s see if I’m right in 6 months on my models. 😉
Read 5 tweets
3 Dec
I love watching porn....

Not that kind of porn... creeps.

I'm talking about r/PowerWashingPorn

Let's dive into a dirty business that makes $3k to $5k a month with just around $500 in startup costs: Power Washing ImageImage
What I love about pressure washing is there is demand and opportunity in both commercial and residential spaces.

So let’s look at 3 macro trends going on in the U.S. that bode well for this side hustle:
1. Homeownership is on the rise.

2. Residential construction is booming, which means homeownership will likely continue to boom along with it.

3. Workers are starting to head back to the office.
Read 15 tweets
28 Nov
I’ve invested 100’s of millions of dollars, and lost my fair share of deals…

Here’s 19 contrarian lessons about investing & making money:
Learning is the cheapest form of investing

Hard to get a negative ROI, and can pay dividends for years.

When I was young and dumb I was young and dumb.

Which usually means too loose and inexperienced.
Investing has an insider language.

Learn the language and you can enter the club.

I carried a book around in ibanking filled w/ unknown terms:
ROI, IRR, waterfall, ratchet…
Read 21 tweets

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