65. Buying Businesses, Not Renting Careers with Fee Gentry

Are you buying businesses or just renting a career? Fee Gentry is a pro at buying businesses for little or no cash, setting them up to operate on their own, and netting consistent profits. Fee is our guest on our show today. She’s going to challenge you to be more than just an operator. She’s going to teach you to be an owner.Fee explains how to evaluate a business for purchase. She breaks down terms you need to know, including EBITDA (earnings before interest, taxes, depreciation, and amortization), SDE (seller’s discretionary earnings), and SPV (special purpose vehicle).Fee also gives us the 10,000-foot view. She explains the difference between an operator mindset and an owner mindset. She points out that truly wealthy people haven’t just built their businesses, but they have acquired others. Don’t miss this episode if you’re serious about building wealth for yourself, your family, and your community.Resources:Learn more at The Color of MoneyLearn more at FeeGentry.comListen to Fee’s “Roots and Riches” podcastBecome a real estate agent HEREConnect with Our HostsEmerick Peace:Instagram: @theemerickpeaceFacebook: facebook.com/emerickpeaceDaniel Dixon:Instagram: @dixonsolditFacebook: facebook.com/realdanieldixonLinkedIn: linkedin.com/in/dixonsolditYouTube: @dixongroupcompaniesJulia Lashay:Instagram: @iamjulialashayFacebook: facebook.com/growwithjuliaLinkedIn: linkedin.com/in/julialashay/YouTube: @JuliaLashayBo MenkitiInstagram: @themenkitigroupFacebook: facebook.com/obiora.menkitiLinkedIn: linkedin.com/in/bomenkiti/Produced by NOVA MediaThis podcast is for general informational purposes only. The guest's views, thoughts, and opinions represent those of the guest and not KWRI and its affiliates and should not be construed as financial, economic, legal, tax, or other advice. This podcast is provided without any warranty, or guarantee of its accuracy, completeness, timeliness, or results from using the information.