Better Than Sexy

Want to know the most reliable way to become a millionaire? Stop trying to build the next AI startup.

Instead, buy a laundromat.

I just interviewed Codie Sanchez about her new book Main Street Millionaire, and I have to tell you - this is the ONE book I'm going to make sure my kids read.

Even if they NEVER want to do this, it’ll be valuable.

I’ll tell you exactly why in a moment. (It has to do with the one skill everyone should learn - no matter what.)

First, here's the thing about trying to build the next AI startup or crypto platform: you're competing against literally everyone else trying to do the same thing.

But you know what nobody wants to buy? A laundromat. Or a garbage collection business. Or a floor cleaning service.

Yet these "boring" businesses are consistently profitable.

While everyone else is chasing unicorns, Codie has been quietly building generational wealth by buying existing businesses that already make money.

And she's not talking about investing millions - she bought her first laundromat for just $100,000.

This is a game-changer for anyone who thought they needed to be rich already to buy a business.

The Magic of Seller Financing

The most actionable part of our conversation was about how to buy businesses with minimal upfront cash.

Codie explained the ins and outs of "seller financing". 

Instead of paying the full price upfront, you can often structure deals to pay the seller over time using the profits from the business itself.

And the sellers love this approach.

Why? Three things: higher total purchase price, faster closing than traditional bank loans, and better tax treatment through structured payments.

And, of course…

The Hidden Goldmine

There's an incredible opportunity right now that most people don't see: Baby Boomers own countless profitable small businesses, and many of them have no succession plan.

Rather than sell these businesses, they often just shut them down.

This creates a massive opportunity for buyers who know how to find these businesses and structure deals creatively.

As a parent, this conversation really hit home.

We've been sold this idea that the path to success is to get good grades, go to a good college, get a good job.

But that path rarely leads to real wealth.

I'm literally making my kids read Codie's book because this is the education they should be getting about building wealth.

And there’s another reason:

Even if you never buy a business, understanding how deals work is crucial.

Whether you're negotiating salary, buying a house, or starting a side hustle, knowing how to structure and negotiate deals is the real language of money.

This might be the most valuable skill we can learn. It's not sexy, it won't make headlines, but it works consistently.

Listen to my interview with Codie Sanchez.

We dig deeper into exactly how to find these businesses, structure deals with minimal cash, and build real wealth through boring businesses.

We also discuss her journey from border journalist to Goldman Sachs to building her own empire through main street businesses.

Trust me, you don't want to miss this one.