Sanchez: Acquiring boomer businesses via seller financing is heavily underutilized
Codie Sanchez · Codie Sanchez: Your Blueprint to Financial Freedom · Jan 7, 2025 · at 1:19:05
Investor Codie Sanchez explains to Shane Parrish how aspiring entrepreneurs can acquire small businesses with low upfront risk through seller financing.
0:00 / 0:14exact quote · 15.0s
720p mp4 · rendered on demand · StarZero watermark
“If you did that with a boomer based business where that boomer wants more sales, needs somebody young and hungry, you could negotiate part of that business just to apprentice for them and take it over over the long time using seller financing. And that I think is so underutilized today”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Codie Sanchez
Codie Sanchez crossed the U.S.-Mexico border illegally hundreds of times
“I mean, I saw, I've crossed, crossed the border hundreds of times illegally, documenting sort of what happens in conflict zones.”
Codie Sanchez argues that remote work making people happier is a lie
“Some of the research shows, one, higher levels of depression and anxiety with work from home. So I actually think that was a great lie. It was a big, beautiful lie. That sitting in our sweatpants, in our house, on Zoom meetings all day would actually make us h…”
Sanchez: Starting with a corporate 9-to-5 job is super underrated
“But I think starting with a nine to five is super underrated today.”
Sanchez: Startups will not offer structured training programs
“And you go to a startup, there's no way they're putting you through a training program. There's no way they're critiquing your PowerPoint skills. You know, everybody's just barely treading water.”
Sanchez: Wealth Comes From Earning, Not Investing Without Capital
“Lesson number one is you never get rich investing. You get rich earning. And so the only people who are going to tell you to go invest first to make your first million are people that are trying to sell you something. Because it's just really hard to make mone…”
Interacting with wealthy peers boosts low-income individuals' lifetime earnings by 30%
“If you are in this neighborhood, and even if your family is in that 50,000 dollars a year bucket, but you interact with some of those rich people, aka you have more Economic interconnectedness. This group of people has a 30% higher earnings over the course of …”