Take advantage of THE LARGEST wealth transfer this weekend

25 Oct 2024 · 6 min
5:48

Codie Sanchez (YouTube) argues a large, ongoing wealth transfer in US small businesses is creating buying opportunities for individuals. She claims about $10 trillion in small businesses will change hands over the next 10 years as aging owners (average ~50 years old or older) retire; many owners prefer to sell directly to individuals rather than private equity. Sanchez outlines practical ways to find and buy Main Street businesses (on- and off-market sourcing, direct outreach, seller financing—claimed at ~60% of deals—leases, SBA and third-party loans) and encourages viewers to visit local shops this weekend to explore deals. She frames business ownership as a path to wealth (claims: 60% of millionaires are business owners; only ~6% of Americans own a business) and warns that without individual buyers, private equity will consolidate Main Street.

Questions this video answers

About $10 trillion

About 50 years old (speaker says 'now 50 years old. Well older than that.')

About 60% of deals (seller financing)

60% of all millionaires are business owners

About 6% of Americans own a business

Chapters

More from Codie

0:55
youtube.com

If You Were Starting Today As a Financial Creator...

today
0:52
youtube.com

Act like the person you want to become

21h ago
0:51
youtube.com

Founder’s Three Jobs

1d ago
1:02
youtube.com

How To Make A LOT of Money

2d ago
0:52
youtube.com

Sometimes an invite lost in the mail truly is a blessing in disguise

2d ago
1:15
youtube.com

Ranking Social Platforms

3d ago
1:14
youtube.com

Is the way you talk about money keeping you broke?

3d ago
1:05
youtube.com

Put effort into your appearance for YOU

4d ago
17:53
youtube.com

7 Terrible Habits That Keep People Broke

5d ago
0:48
youtube.com

I’ve noticed one thing between winners and losers

5d ago
0:47
youtube.com

The 3 People You Must Outwork to Get Rich

6d ago
See all content