The Real Wealth Secret Is Owning a Business | Durham News

Forget stocks and real estate—owning a business is the real wealth-building secret, according to former Wall Street investor Codie Sanchez. Sixty percent of millionaires own businesses, and that climbs to 88% among ultra-high-net-worth individuals. With Baby Boomers retiring en masse and leaving behind established, cash-flowing companies, now’s the perfect time to buy—not start—a business. Sanchez reveals two smart entry points: skill-for-equity deals (she used this to build her portfolio) and SBA-backed loans, which can cover most of the cost for qualified buyers. Service-based businesses like laundromats and pest control are ideal for first-timers seeking steady income and manageable operations. This demographic-driven window of opportunity? Don’t miss it. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/09946a0f4fc9ea1a