DiscoverAll the Hacks with Chris HutchinsBuilding Wealth Through Boring Businesses and Other Contrarian Ways To Live and Invest with Codie Sanchez
Building Wealth Through Boring Businesses and Other Contrarian Ways To Live and Invest with Codie Sanchez

Building Wealth Through Boring Businesses and Other Contrarian Ways To Live and Invest with Codie Sanchez

Update: 2023-06-072
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#119: Entrepreneur and investor, Codie Sanchez joins to discuss unconventional ways to create wealth through often-overlooked “boring” businesses like laundromats, car washes and vending machines. She also shares her expertise in the art of deal-making, financing options for buying a business, diversifying investments, and applying contrarian thought into our daily routines and relationships.

Codie Sanchez (@CodieSanchez) is the founder and CEO of Contrarian Thinking, a media company and newsletter dedicated to challenging traditional investing norms and empowering individuals to think differently about wealth creation. She is currently on a mission to create 100,000 business owners, and 1,000,000 financially free humans.

Link to Full Show Notes: https://allthehacks.com/boring-businesses-codie-sanchez


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Resources Mentioned

Codie Sanchez: Website | Newsletter | Twitter | Instagram | YouTube

ATH #91: Die With Zero: Net Fulfillment Over Net Worth

Why Japan is Giving Away Profitable Businesses for Free

Biz Scout

Outlive: The Science and Art of Longevity

Bill Perkins's Book: Die With Zero: Getting All You Can from Your Money and Your Life

Virtual Executive Assistants From Oceans XYZ


Full Show Notes

(02:31 ) Challenging the Status Quo with Contrarian Thinking

(05:50 ) Codie's Inception of Investing in "Boring" Businesses

(08:50 ) Is Buying Small Businesses for Everyone?

(10:59 ) Buying a Business as a Full-Time Gig vs. a Side Hustle

(14:46 ) The Reason Why Buying Boring Businesses Isn’t Popular

(16:52 ) Do You Need to Be an Expert to Buy a Business?

(17:41 ) The Importance of Deal Making

(21:48 ) Why Deals Go Wrong

(23:57 ) An Example of a Bad Deal

(26:08 ) The Success Rate of Buying Small Businesses

(31:50 ) Seller Financing

(32:47 ) Finding Small Business Opportunities

(35:33 ) Why Terms Are More Important Than Price

(36:22 ) Playing the Right Games

(43:37 ) Diversifying Investments

(44:29 ) Points & Miles: A Side Benefit to Owning Businesses

(50:08 ) Where & How to Invest Your Time

(55:13 ) Aiming for Bigger

(59:58 ) External Financing

(1:03:01 ) Outsourcing Virtual Assistants

(1:09:45 ) The TEAM Rule for Relationships


Connect with All the Hacks

All the Hacks: Newsletter | Website | Membership | Email

Chris Hutchins: Twitter | Instagram | Website | LinkedIn


Editor’s Note: The content on this page is accurate as of the posting date; however, some of our partner offers may have expired. Opinions expressed here are the author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.

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Building Wealth Through Boring Businesses and Other Contrarian Ways To Live and Invest with Codie Sanchez

Building Wealth Through Boring Businesses and Other Contrarian Ways To Live and Invest with Codie Sanchez

Chris Hutchins