Parr: Selling a business is easier than accumulating $20M through cash flow
Sam Parr · Behind The Scenes Of The Billionaires' Mastermind (TIGER 21) | Michael Sonnenfeldt Interview · Jun 1, 2022 · at 40:28
Sam Parr discusses wealth accumulation trade-offs with TIGER 21 founder Michael Sonnenfeldt, comparing the tax treatment and difficulty of operational cash flow versus exit liquidity.
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“To make twenty million, like you could build a business for five or 10 years, sell it, and make that. To make twenty million after, to make twenty million from cash flow, annual cash, that's really freaking hard. Like, you gotta, I mean, your taxes are higher because it's income versus capital gains, but, and then you, I mean, it's just like, it just seems like, Selling a business is probably the E the easier of the two.”
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