Codie Sanchez Profile picture
We should own our communities. Taking back Main Street | Portfolio: @CTVentureCap, https://t.co/GeVvWuYkrn | Learn: @_CTCommunity @bizscout_
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Nov 19 13 tweets 3 min read
The biggest wealth gap in America isn't between the rich and poor...

It's between business owners and everyone else.

10 tax advantages business owners have that regular 9-5ers never see: Quick heads up:

Don’t take candy from strangers, don’t take tax advice from them either.

Please get a tax professional, and then talk to them before doing anything wild.

Now, let’s get into it:
Nov 16 16 tweets 4 min read
Over the next 25 years, about $68 Trillion worth of assets will change hands.

What is causing the Great Wealth Transfer (and how to be apart of it): Boomers Signing Off: Great Retirement

~74M Baby Boomers will retire by 2031

Baby Boomers (1946-64) own about 50% of privately held businesses

That is owning ~$5.1 Trillion in SMBs. Many of which they won't even realize they can sell or transfer. Image
Nov 14 9 tweets 4 min read
This is Mike Israetel.

Competitive bodybuilder, pro BJJ grappler, the most jacked dude I’ve met.

He’s also a professor, PhD, and former Olympic nutrition consultant.

I asked him some fitness questions. Here are 7 answers that truly shocked me: Image 1. In the future, we can buy fit bodies

Mike is a bit of a “fitness optimist.”

He sees a near future where we can take meds that produce muscle.

Aka, you can take a pill to get ripped.

Like Ozempic, but for muscle gain.
Nov 13 21 tweets 2 min read
People don’t care what you’re doing unless you answer their real question:

“What’s in it for me?”

19 other uncomfortable business truths: Painkillers vs vitamins.

You make more money selling a need than a desire.
Nov 9 13 tweets 4 min read
75M baby boomers will retire by 2030.

8 tools for finding and buying their businesses (before someone else does): Want to buy a business?

First, you need to know the difference between ON market & OFF market deals.

Your lifestyle, capital, skill, and more will decide which strategy is best for you.

Get a guide on it here:
contrarianthinking.biz/40FRb4h
Nov 6 16 tweets 5 min read
Your 9-5 isn't as safe as you think.

In fact, LinkedIn founder Reid Hoffman predicts the 9-5 will be extinct by 2034.

But you can escape the game altogether.

Here's the low-risk, high-reward path out of a job and into financial freedom: Workers who report feeling concerned about job security are largely:

• Higher-earning (72% who make $150k+)
• Younger (62% who are 25 to 44)
• At larger companies (74% at 500-1000 employee companies)
• In formerly "safe" fields (see chart)

But it's also bigger than that... Image
Nov 5 17 tweets 6 min read
The rich are moving their money, and all you have to do is follow it.

3 places the biggest investors & highest income earners are turning to:

(Hint: It's not stocks, crypto, or real estate) Everyone is "going left":
- AI is the future of everything
- NVIDIA stock will keep soaring
- Property is the safest investment

Maybe these are true. Maybe not.

What's more important is to "look right."

3 quiet trends you're not too late on: Image
Nov 2 19 tweets 7 min read
You can make life-changing money off of a boring, local, small business.

Here are 7 Main Street millionaires I met this year who did it (how they make their money & how you can start): Image 1. Trash

Spencer of Lone Star Trash

• His neighborhood trash service sucked
• So he bought a truck & bins and stepped in to provide better service
• Made $30k in his first 11 days

“This is gonna be forever. Trash is forever.” – @AKASpencerScott
Oct 31 11 tweets 4 min read
Young people's future is being destroyed.

Compared to 40 years ago:
• The average 70yo is now 72% wealthier
• The avg person under 40 is 24% poorer

I asked Scott Galloway what we can do about our decline in wealth.

7 solutions for people in their 20s or 30s: Image Our system is built to transfer wealth from the young to old:

- 3 working people for every 1 retired
- $1.3T/yr transferred via social security
- Houses from $290k → $410k after covid
- Interest rates skyrocketed

So what can a young person DO about it? Let’s look at 7 options.
Oct 30 18 tweets 5 min read
Complexity makes you seem smart.

Simplicity makes you money.

Here's how to simplify your pitch and 10x your sales: Talk less, sell more.

Short sentences = more sales.

Hemingway once bet he could write a story in 6 words that'd make you feel something.

Your pitch should pack the same punch. Image
Oct 29 23 tweets 7 min read
At 29, I bought my first business.
At 33, I quit my job to build a holdco.

Today, I own & invest in companies with a combined valuation in the billions.

A laundromat was my “gateway drug” business, and it could be yours too...

7 strategies for growing a laundromat: Image 1. The BRRT Strategy

I remember the day I bought a laundromat

The smell of detergent. Mold. Fluorescent lights. Shiny machines. MY machines.

In my first year, I made $67k.

Not enough to quit my full-time job, but it taught me a powerful strategy: Image
Oct 12 26 tweets 3 min read
Hard pill to swallow:

You’ll never be a good entrepreneur if you can’t solve problems at your job.

23 actions to take today as an employee if you want to become an owner (plaster these on your wall): Solutions, not complaints. Anyone can complain about what's wrong - leaders brainstorm how to make it right.
Oct 10 18 tweets 5 min read
Sam Altman predicts we'll someday see a billion-dollar company built by 1 person.

I found a startup that could accelerate it:

• Create digital clones of yourself
• Use them to scale your expertise
• Build a (billion $?) biz off the back of it

Here’s the breakdown: This is Dara.

Born to immigrant parents. Studied the smart guy trifecta of physics, CS, and math. Moved to SF after to work at C3 AI.

Eventually, he left to form his first startup – Friday, an AI assistant for shopping.

Just one problem… Image
Oct 2 10 tweets 4 min read
This guy built one of the most influential defense tech companies in the world, Palantir, publicly valued at over $80B.

Respected by Thiel & Musk, critiqued by many in Silicon Valley...

I asked his takes on wealth, wins, & failure

Here's what he said: Image 1. Why billionaires deserve all the money…

*Jokes people, put down the pitchforks ;)

I asked Joe Lonsdale: “How do you explain to people why it’s good for society to allow uncapped upside for all?”

His answer:
Sep 26 25 tweets 7 min read
I recently met a founder who:

• Optimized $4B in ecomm rev for clients.
• Then exited his CRO agency.
• Now building the tool he wishes he had.

He shared with me the 9 biggest myths people believe about their websites – and exactly how to fix them: Image 1. “I have a bad conversion rate.”

Hot take:

Stop looking at conversion rate.

Dylan handled $4B in revenue for clients. And NEVER reported on Conversion Rate.

Here’s why:
Sep 21 12 tweets 4 min read
My favorite type of business model:

Turning expenses into profits.

Example:
• Roughly 1/3 of the world's food is wasted
• That’s about 1.3 billion tons per year
• Worth $230 billion globally

Here are businesses turning that into $: Image Ever heard of Too Good To Go?

It's a slick concept:

At the end of the day, restaurants have a ton of leftover food that ends up in the trash.

But with this app, customers can buy leftovers in "magic bags," discounted up to 70%.
Sep 14 20 tweets 5 min read
If you speak the language of money, you tend to make more of it.

37 money-making basics the rich have memorized (in one line each): 1. Leverage: Other people’s money, also known as debt.

2. Arbitrage: Taking advantage of market inefficiencies. Buy low, sell high.

3. Equity: Ownership in a business.
Sep 12 28 tweets 7 min read
If you want to get rich, master negotiation.

• A salary raise
• An investment
• Business deals

It doesn't matter.

13 negotiation secrets from 15+ years in business (that have made me millions): Learning negotiation was an 'aha' moment.

People think it's a niche business skill like sales. It's not.

It's a playbook to navigate human nature.

Negotiation makes you better at listening, communicating, empathizing...

Oh - and it'll make you money.
Sep 7 15 tweets 5 min read
This man could predict the future.

He sold his company for $39 billion right before the 2008 crash.

And by the time he died, he owned nearly 80,000 apartments across America.

6 lessons from the greatest investor of our lifetime (The Grave Dancer): Image Sam Zell is not your typical billionaire.

He's a self-made son of immigrants.

In college, he managed a 15-unit student apartment for a free room.

By graduation, that management biz netted him $150k in '60s dollars and gave him a taste for real estate...
Sep 5 15 tweets 4 min read
You want to get rich... build relationships with lawyers. They understand the game.

10 legal terms you need to know in under 3 minutes: If there are 2 places you should NOT cheap out in business, it's:

1. Accountants.
2. Lawyers.

Lawyers aren't just for lawsuits. They're your best friend in business deals.

A good one can save you millions. A bad one can cost you just as much.
Sep 4 12 tweets 4 min read
You win by becoming so big you make your competition irrelevant.

9 rules you can follow to get there: Rule #1: Don't be afraid to outgrow EVERYONE

Your friends? Yep. Your family? Likely.

Even the people you hire today.

Don't apologize for leaving behind those who can't keep up.