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Rich people know a secret. In this book, former Wall Street investor Codie Sanchez pulls back the curtain.
Most people look for wealth in all the wrong places. From dropshipping and startups to grinding for promotions, you might believe you have to trade your life to be one of the few who win. But the truly rich know these paths are paved with delusion and false promises.
In <Main Street Millionaire<, Codie Sanchez teaches you the path the wealthy really walk. Instead of risking it all with little chance of success, she shows you how to acquire cash-flowing businesses that are winning <right now<.
Sanchez, one of the world’s leading small business experts, reveals the dealmaking framework she’s taught to tens of thousands, and that she’s used to build her own 9-figure holding company. Her secret? She acquires overlooked “Main Street” businesses. We’re talking about the unsexy but reliably profitable industries — like plumbing, construction, cleaning, electrical — that white collar workers have overlooked.
In this book, you’ll see practical strategies and step by step processes to acquire cash flow and freedom. You’ll meet humans just like you who have changed their life through ownership.
You will learn:
<ul type="disc"><lWhy today’s market is ripe for generational wealth creation </l<lHow to identify and close amazing business deals, without being wealthy</l<lHow to 10x your growth after acquiring a small business</l<lThe 7 businesses you should never buy, and why</l<lHow to own multiple businesses at once (without losing your mind)</l
<Main Street Millionaire< will reshape the way you think about your wealth and ownership forever. However, it’s not for slackers. It’s for those who want meaning and fulfillment while building their community. Codie''s no-BS, out-of-the-box wisdom is the antidote to a complacent life of making other people rich. In summary: Your money, and meaning, is on Main Street....
Autorentext
Codie Sanchez is the founder and CEO of Contrarian Thinking, a financial media company with millions of followers. After earning the Robert F. Kennedy award in journalism for covering human trafficking and border crises, she transitioned to finance to help people achieve financial freedom, holding senior roles at Vanguard, Goldman Sachs, State Street, and First Trust.
Sanchez is also the owner of Main Street Holding Company and Contrarian Thinking Capital. She owns many Main Street businesses, including car washes, laundromats, and roofing, painting, and handyman companies. Which business is her favorite? She’ll never tell.
Klappentext
"From the founder and CEO of Contrarian Thinking, an investment empire with more than two million fans, an empowering guide to getting rich and a call to arms to save America's small businesses"--
Leseprobe
Start Here
Wayne Huizenga was a billionaire many times over. He was the owner of garbage behemoth Waste Management, AutoNation, and Blockbuster Video (he later sold Blockbuster for $8.4 billion). He also owned three major league sports teams: the Miami Dolphins (NFL), the Florida Marlins (MLB), and the Florida Panthers (NHL). If you Google Wayne's name, you'll see the words "founder" and "empire builder" again and again.
What's much less known about Wayne is that before he made billions, he was a poor failure who had dropped out of college. Wayne was the son of an immigrant father who beat him and his mother. His childhood was violent, chaotic, and shrouded in secrecy.
After his parents got divorced, Wayne watched his friends go off to college and take white-collar jobs, while he drifted from one low-wage job to another. In fact, after a six-month stint in the army, the newly married Wayne had to become a garbage man. One of his old friends recalled seeing Wayne on the job and thinking, "I better hit the books. It must be rough out there if Wayne's already driving a garbage truck."
So how did this floundering young man with no connections, no family, and no wealth become a billionaire? Did he grab himself by the bootstraps, camp out in a garage, and dream up a new company to rule them all? No, he took a job selling trash-hauling services door-to-door. He drove, he sold, and he studied his boss, Wilbur Porter, who ran Porter's Rubbish Service, one of Broward County's first major garbage firms. He figured if he studied a great founder, someday he could become one.
Then one day, something clicked. Why start a company when he could buy one that already works? For months, he pressed Porter to let him purchase a share of the business in an asset sale. Porter relented in 1962. He sold Wayne a snub-nosed truck and $500 worth of customers. By 1969, Wayne's single truck had become a fleet that dwarfed Porter's. He brought on partners and bought routes and companies from Key West to Tampa. Wayne's climb continued from there. In 1972, he drove across the United States and bought out ninety haulers in nine months.
Those early years taught him three things. First, you don't need a college degree to make more money than you can imagine. Second, there is incredible profit to be made by buying a small, boring business.
And third? The power of creative financing. Wayne Huizenga, the kid who originally didn't have two pennies to rub together, who couldn't get a loan even if he begged for it, became a billionaire because of this one essential ingredient. It allowed him to own Waste Management, even though he wasn't the founder. To the victors go the history books.
Why don't we hear more incredible stories like Wayne Huizenga's? Because we've been lied to about who gets rich and how for decades. Today, we take off the blindfold.
This is a book about seeing opportunities for financial freedom all around you, in the overlooked and unassuming businesses that we all take for granted. As someone who specializes in making good, profitable deals, I can promise you that success doesn't require flashy start-ups or cutting-edge new products. In fact, that's where you lose money. Instead, you'll see why finding a "Main Street business" with steady cash flow, acquiring it, and using the profits to live life on your terms is the smart, extremely underrated way to build extraordinary wealth.
I will take your hand and show you how. But first, let's define the lie before we can reveal the truth.
The Wall Street Lie: How Americans Are Programmed to Stay Poor
Have you ever felt like you'll never make enough money? Like you've been dealt a lifelong sentence of financial stress, worry, and anxiety? That no matter how hard you work, you'll never be able to relax and feel financially free?
If so, you're not alone. Billions of workers are hustling all over the world. Trying to keep up with inflation, barely scraping by, and losing hope in the promise of retirement. But here's the thing: it's not their fault. All of us were programmed to be poor.
Here's how we're taught to make money in America. First, sit still and listen to authority figures for eight hours a day until we're eighteen years old. Then, go to college and take on $30,000-plus in unforgivable debt, in exchange for a degree. Without that piece of paper, we're told, we will never succeed. We're not allowed to gain real-world skills through unpaid internships (the ones where you actually do useful work instead of just theorizing) unless they're officially tied to an educational program, because otherwise they're considered illegal.
Then it's graduation day. We're finally allowed to join the working world. Soon after, we discover that most jobs do not, in fact, require a college degree. Nevertheless, we all compe…