Codie Sanchez, a former Wall Street investor and the founder and CEO of Contrarian Thinking, joins Scott to discuss her new book, MAIN STREET MILLIONAIRE: How to Make Extraordinary Wealth Buying Ordinary Businesses. They get into how to build wealth by buying small businesses, including what to look for when buying, ways to finance a purchase, and which sectors have the most potential right now. Follow Codie, @codiesanchez. 00”00 Introduction 01:17 what is your definition of rich? 1:55 Can you explain what the ‘rich method' is and how it helps with building wealth? 05:17 How do you determine the right price to pay for a business, and how can you avoid overpaying? 07:43 Why are skilled trades businesses so good for building wealth? 11:30 What are some signs that a small business is a good candidate for acquisition? 13:31 Is the market for small businesses becoming more liquid, and how can younger buyers take advantage of it? 15:54 What are some different ways to finance the acquisition of a small business, especially if you don’t have much capital? 19:11 What's the best way to start finding small businesses to acquire, and how do you determine what you're looking for? 21:39 What’s your take on the value of an MBA or college degrees today, especially when it comes to entrepreneurship? 23:31 Can you share an example of a business bought for $100K and how it performed over the next few years? 25:45 What kind of people do you look for to manage your businesses? 28:33 is there a particular sector right now that you think offers more opportunity than others? #scottgalloway #podcast #evolutionofai #artificialintelligence #artificialintelligencetechnology #misinformation #extremism #artificialintelligencesingularity #socialmedia #profg #scottgalloway #profgmarkets