The Personal Finance Podcast How to Get Rich Buying Boring Businesses with Codie Sanchez (PFP Vault)
Aug 13, 2025
Codie Sanchez, the founder of Contrarian Thinking and owner of 26 diverse businesses, shares her expertise on wealth creation through unglamorous ventures. Discover how to thrive with laundromats, car washes, and vending machines. Codie emphasizes the importance of education before investing and innovative ways to boost cash flow. Learn about financing options like seller financing, effective business management, and how to source profitable opportunities from retiring baby boomers. Get ready to shift your mindset and explore the world of passive income!
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Small Deals Mirror Big Private Equity
- Small, local business acquisitions are materially similar to big private equity deals in structure and return potential.
- Codie Sanchez argues you can replicate PE-style returns by buying existing cash-flowing businesses yourself.
Buy For Immediate Cash Flow
- Do buy existing businesses if your goal is immediate cash flow instead of starting from scratch.
- Do prioritize buying when you want predictable income and to avoid paying for speculative future profits.
Use Laundromats As A Gateway Deal
- Try laundromats as a gateway acquisition because they are simple and cash-flowing with low staffing needs.
- Use a small, manageable first deal to build confidence before scaling to more complex acquisitions.
