Codie's Recent LinkedIn Posts

The surprising truth about stocks and getting seriously wealthy: 99% of people will not get wealthy from it... you need money first. Let me break down an unsexy but effective path to wealth that I call Evolutionary Wealth Theory. There are 4 levels to the theory: Level 1: FEEL Your money mindset is programmed early. Most of us inherit beliefs that become self-fulfilling prophecies: - Finances are stressful - Money is always scarce - Never enough to go around - Hold onto every penny - Don't spend too much If you hate money, you'll never attract it. If you never feel that you COULD be wealthy, you never will be. Get your money beliefs right first. Level 2: WALK Performance is contagious. To build wealth, you must: - Go where the game is played - Be ruthless about who surrounds you - Level up your environment as you grow Hard truth: Your current friends might hold you back. They love the old you. They fear the new you. Level 3: SPEAK This is the next plateau people hit. They do their affirmations, they level up the people around them... But then they never truly learn the game. You must learn the language of money. The real game is understanding: - Business fundamentals - Deal structures - Contracts But most people never learn these because they're too busy gambling. The correct order: 1. Earn first - negotiate a higher salary 2. Learn the mechanics - how to invest 3. Invest intelligently - now that you have the $$$ and the knowledge Level 4: MASTERY The wealthy have a different goal than most: Ownership. Look at the world's quietest billionaires: - Bernard Arnault (LVMH) worth $171B - Charles Koch worth $67B - Carlos Slim worth $81B All worth that much because of the businesses they own. The final step of wealth-building isn't a trick or a hack. It’s simply, owning. That’s what the entire framework is about: The slow, uphill grind until you can intelligently own assets. Then you let those assets gain value over time. Most people rent their whole lives: - Rent their time to employers - Rent their apartments - Never own real assets This is your sign to stop trading time for money and start gaining ownership... Come to my masterclass this week to learn how to get started: https://lnkd.in/g3V6NrTZ

3 harsh truths I've been thinking about a lot lately... 1. Most successful people I've met aren't that smart. They move fast, they take risk, they work a lot. That's it. 2. The world is run by C students & failed employees. You can't underestimate yourself. 3. Managing what you choose to sell, do and focus on is more important than how hard you work or how smart you are. Example: You can, for the next 40 years: • Climb up the corporate ladder • Grind for a mission you don't believe in • Spend 50hrs/wk+ away from your family All for a 401k and a white picket fence at the end to show for it. OR You can learn how to buy a business and: • Own a cashflowing biz in your community • Touch your work with your own two hands • Disconnect your money from your time • Spend more time on the things that matter • Become one of the few... an Owner. Ownership is not for everyone. But it could be for you. Want to learn how? Here are 13 creative income ideas → https://lnkd.in/eVduxB7e

You eventually start to realize, no job is safe.

Mistakes people make when they want to own a business: 1. They build it from scratch instead of buy. 2. They take months or years to cashflow. 3. They go for biz's doomed for failure... I've developed a framework that avoids these mistakes. I call it SOWS. SOWS tells you the *types* of businesses you should buy. You use it for finding biz's with: • Lower risk • Profitability • A reasonable price • Potential for growth • Simple (not easy) execution SOWS stands for Stale, Old, Weak, & Simple. It's a straightforward way to screen your first deals and build upon them. Let’s dive in: 1. Stale Half the businesses in your hometown fit. The place runs okay, but: • No testimonials • Website from 2005 • Limited social media • Still use a fax machine This leaves a lot of room for easy innovation when you buy... AND you don't price that into the purchase. 2. Old These are businesses that have existed for 5+ years. If you want cashflow... Give me a 25-year-old car wash over a startup run by 25-year-olds any day. The Lindy Effect says if it's existed for some time it will likely continue to exist. Old biz’s can be hidden gems. 3. Weak Buy a biz with poor competition. When was the last time you got a plumber: • On time • With automated billing • Who sent follow-up texts? There are 3 easy fixes right there to make you better than competitors. 4. Simple Simple business model. Simple operations. If you can easily explain your first few deals to an 8-year-old, you’re on the right track. Don’t get distracted by shiny things when working toward your first business. Run with what already works. Just make it better. ↓ ↓ ↓ FYI...I'm hosting a (free) Masterclass tomorrow on the 10-step process I've used to buy dozens of these kinds of "SOWS" businesses. My goal is to 1. give you the confidence & 2. give you the roadmap to buy your first biz. Hope to see you there! Here's the link to register if you're interested: https://lnkd.in/e24qgbuh

Most won’t get it… who cares.

The best cash-flow businesses of the next decade are already built, already profitable, and already for sale right now: - Laundromats - Car washes - Plumbers - Roofers - Electricians - Painters - Landscapers - Cleaners - Pool service - HVAC service - Pest control - Tree service - Auto repair - Tire shops - Self-storage - Dry cleaners - Pressure washing - Window cleaning - Gutter cleaning ↓↓↓ If you want to learn how to buy a biz yourself, I'm hosting a free masterclass this week to walk you through the whole process A-Z. Grab your spot here: https://lnkd.in/g3V6NrTZ

There's a woman in our business buying Academy who bought 6 pack-and-ship stores across Texas without ever leaving her W-2. Nguyet Luong had zero business ownership experience. Her first acquisition: an 18-year-old store in Austin. She’s now at 6 stores.  7-figure business portfolio.  And still full-time at her corporate job. Perfect example that you don’t need to quit your job to become an owner. Nguyet uses her Big Tech salary to fund the acquisitions. And the businesses make her better at her day job. Both things feed each other. Love stories like this. ↓↓↓ Read Nguyet's full story here:) https://lnkd.in/gGUV_-eg

Surround yourself with the right people, watch your bank account grow. 10 tips to build a strong network: ↓ ↓ ↓ If you liked this post... I know you'll love my weekly newsletter too. Tons of business stories and frameworks here → https://lnkd.in/gjHxG2Rs

7 harsh truths to help you finally start thinking bigger: ↓ ↓ ↓ If you liked this one... I have a feeling you'll like my weekly newsletter too. Tons of business stories and frameworks here → https://lnkd.in/gjHxG2Rs

Skill I wish someone had told me was the only thing that will lead to $10 million+ in net worth? Hiring. Everything is a who problem past your first $1million. Here’s how we think about hiring for our portfolio companies: We use this matrix for every hire we do. (Whether they are for in person hires or remote hires that we source from Fiverr Pro). It's amazing how many people it screens out.. And it lets the ones who will likely win for us rise to the top: It's like a grading rubric from school. Candidates can score between 0 and 25. What's a good hire? -One that ranks well in our system.  -One that fits our core values. They're a F*ck yes, or a pass. It's underrated to have a clear answer to this 1 hiring question at your company: "What does a winner look like?" At our companies, we use this criteria.. -The best people are usually already employed by someone else. -The best people have a history of winning - and a history of leadership. -The best people already have the skill set we need plus a proven track record. -The best people have team members that will follow them, who are high performers. -The best people have a rolodex of humans to ask for referrals that include their ex-managers. In the age of remote work, I’ve had a lot of trouble finding reliable people. There are a disproportionate amount of “sayers” vs “doers” and it’s tedious sifting through the mud to find great talent online. In fact, I’ve often turned to Fiverr Pro to help me find fantastic remote talent. Fiverr Pro is a platform where they pre-vet talent so you can trust the person you’re talking to is highly competent in what they do. Just this month we used Fiverr Pro to hire… -a YouTube thumbnail designer  -a deal sourcing researcher  -a pitch deck designer All within 72 hours. I’ve hired all kinds of roles using Fiverr Pro for a simple reason: it’s reliable. And we still use the same framework to make sure we get the best of the best. To be clear, these are not hard and fast rules of course. We allow for deviance, but this helps screen the first 50%. ↓↓↓ For those who haven’t used Fiverr Pro before, you definitely should… Too many owners waste their time trying to figure something out themselves when an expert could solve it in half the time. And Fiverr Pro makes finding that person crazy simple. How’s exactly what we do: Step 1. Search for the thing that’s been sucking up our time Step 2. Pick the one we like Head to this link to try it yourself→ Fvrr.co/codiesanchez And use CODIEPRO for a 10% discount on your first project;)