Kriss Berg, etc.
@KrissBergTweets
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22yrs as entrepreneur & investor. I've achieved wealth in time, money and freedom. I want to help you do it too, sign up below 👇
Colorado
Joined August 2011
Tons of new followers after ditching the Car Wash Guy label, here's my bio:. - I have 3 car washes, trying to buy 3 more.- I also own 2 ecom/newsletter businesses.- I help entrepreneurs with mental health retreats.- I pay almost zero income tax. Thanks for following, more soon.
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We used to go to one of those fancy dentists. Super modern, tv’s on the ceiling, 7 dentists, parting gifts. They kept finding cavities, rec’ing crowns, implants, veneers. Now we go to the guy in the no-frills strip mall and our teeth are just fine. Funny how that works.
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There's a lot of weird myths and misinfo about VA's (virtual assistants). I've seen some people call it a 'digital sweat shop'. That's not my experience. Want to be inspired? . This is Muhammad, he's worked for us for 11 years now. His story is amazing. 👇
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The only place that can hold a candle to Red Rocks, IMHO, is the Gorge Amphitheater, Washington.
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Some people on here have been talking about adult loneliness. This hits home for me, big time. See in 2018 my wife tried to throw a birthday party for me. She could not get one single person to show up. Not. One. Person. One of the saddest days of my life. Now, this year
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@SMB_Attorney No she’s worried they’ll trace her dna back to that string of hobo murders in the 80’s. Mama has a past.
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I know I’m going get flamed for this but, at least in my experience, Airbnb wrecked ski town affordability for the workforce (read: ski patrol) and it will only get worse. Anything rentable was yanked from the workforce and STR’d in <decade. Massive problem.
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@lingerie_addict Just got off a flight where a woman had an infant and a toddler. Went about as well as you’d expect. Overheard her tell someone her husband is coming home on a later flight - so he could play golf.
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🚨🚨 2nd Car Wash Purchase Complete ✅. We plan to buy 2/year for the next 5 years, we're rollin em up. Here's the plan and why we're so bullish on this ugly business:
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The bane of every landlord and homeowners existence the world over. There has to be a better way to attach these things to a wall
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🚗🚿🧮.Car Wash Math Lesson. Buy car wash: $1M .EBIDTA: $120k.Down payment: $200k.Free cash flow: $50k.Bonus depreciation: $400k . CoC return yr1: 25% *before* tax benefit (50/200).Tax loss: -$350k ($50k profit - $400k depreciation). Now you have a $350k loss on your taxes. For.
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Living in a town where you can be at your gate 27 minutes after leaving your house is a cheat code.
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Working theory: the PNW gets so little sunshine it changes you. I moved there for ~6 mos and never slept more in my life, 11-12 hrs/day. Transplant Coworkers had to go on antidepressants. I think this why so many major coffee chains originated there. Am I crazy?.
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Update on the dumpster business I invested in:. It's been a total mess. Truck breakdowns, heavy competition, and slowing economy have all wrecked its prospects. I'll be lucky to get my modest investment back. Caveat emptor.
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Them: car washes are a terrible use of land, we need to focus on affordable housing. Me: ok
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Since we love drawing arbitrary triangles, I'm going to brag about this one for a minute:. - 5 to 8 of the top 20 growing cities in the country (depending on the source).- **30** national parks and monuments (not a typo).- 48 ski resorts.- fittest state in the nation (CO).- 9 of
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Ever wanted to just sell it all, move the mountains, and go off the grid?. So did we. So we did. For 13 years. Here's what it was like. and why we moved back to the 'burbs. 🧵
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Honest question here: do you think this qualifies you to dispense financial advice on social media?
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@sweatystartup Thank god for our HOA. My neighbors gardener had the audacity to look me in the eye the other day. Thanks to our HOA rules, he’ll be looking for a new job tomorrow!! . The system works 👏👏👏.
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We're going to help Mu get his green card so he and his family can become Americans. 🇺🇸 . He's going to be an American eye surgeon and out-earn all of us in time, heh. I can't think of a better way to reward such a talented, selfless man and his loved ones. So. .
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65 year old plumber showing up to the closing where he’ll collect his $5M check and go directly to the RV dealer
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A friend went through a terrible divorce. They had a great marriage until his wife suddenly started acting erratically, crazy spending habits, mood swings. Totally different person. So they divorced and eventually he remarried. Shortly after that they discovered a.
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Update on my 26yo mentee who went out on his own 12/1/22 (cabinetry). - $136k in revenue.- Put about $45k in his pocket.- has a small shop, 1 other guy full time.- getting steady jobs off Thumbtack.- buying big tools to make jobs go faster.- trips to Vegas, Cabo, and NBA
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@screenfluent I’ve been there, please read this:.
Some people on here have been talking about adult loneliness. This hits home for me, big time. See in 2018 my wife tried to throw a birthday party for me. She could not get one single person to show up. Not. One. Person. One of the saddest days of my life. Now, this year
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My neighbors paid $1200 for somebody to put up and take down these Christmas lights. What do you think fam was it worth it?
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When I graduated college in 1997, my grandparents gave me $5k. I walked that check into the local Edward Jones. My grandfather had taught me to invest early on. The broker told me to put it into two (at the time) little tech co’s: Oracle and Dell. That became a big chunk of a.
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NIMBY "careful what you wish for" example #3874. This story from my old hometown of Steamboat is wild. Irony so thick you can cut it with a chainsaw. So back in ~2008 some developers bought a ranch and started the process of trying to annex it into the city so they could get
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🏗️ Building in America 2023 🏘️. People: AFFORDABLE HOUSING NOW. Builders: ok, let's put some here. P: NO WAY, not next to MY house. B: Ok we'll put it out in the county. P: That's SPRAWL, we HATE sprawl. B: ok right next to town then. P: No way! There's a farm there! There's not.
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Trying to think of a way to get a bunch of people to join my side of a controversial issue. I know, I’ll trap them in a massive traffic jam.
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I hear over and over: “express washes are coming for your business! Be afraid!” . Spoke with a guy who owns 28 self-serve/touchless washes just like ours yesterday. He’s had two express washes move *right next door* to his washes. Business went UP. Why?. Answer is
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3 jobs every kid should have:. 1. hard/dirty: farming, landscaping, cleaning.2. dealing w/ the public: wait staff, cashier, retail.3. sales: commission-based, door to door, fundraising, or at least convincing people to do _____. Lays a great foundation for a career in anything.
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As cities explode and price young families out, living in a tier 3/4 city (pop 50k-200k) is a total life hack. I'm bullish on any city that has:. Natural beauty .Good airport.Big city amenities (dining, university).Rel affordable homes. What would you add?
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But here's the thing. In some countries, doctors and nurses are paid like laborers. There simply isn't enough money in healthcare. He's been making about $1000/month RESTORING PEOPLE'S VISION for 12 yrs. He makes 2-3x that helping us fix our dumb websites.
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@mollyfleck Been screaming this for years as a former FF. It's generally not ladder trucks, its usually an engine, but the point stands. Also: most ambulances are used as hospital taxis. Almost zero care is given, just transportation. Another huge waste of taxpayer $$.
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This post in a car wash forum perfectly sums up the problem with many small business owners. They see this and see a problem. "HOW DO I STOP THIS??" Someone probably just spent $30 cleaning their rig and he's wondering how to make sure they never come back. Our success is due
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My wife’s good friend married a guy who went into high finance. He’s reached the pinnacle now, c-suite at a massive int’l bank. By all appearances they “have it all”. Manhattan penthouse, house in the Hamptons, private everything. He also:.- flies out every Sunday night,.
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It's ours. We just secured this car wash. It's a total dump. Hasn't run in 4 years. But it has one killer advantage. And if we do it right we can make it worth $4M in a few years. Oh yeah, and we got it for $3,300. And in the process we discovered our purpose. So here's
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That's not all tho. See Mu is truly dedicated to people. He's adopted orphan children, ran a cat rescue in his home, and helps poor people every day. But fixing our silly websites allows him to do all that. No, I'm not taking credit for his charity, I'm saying. .
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Advice for young men:. Be a gentleman. Open doors, say excuse me, pull her chair out. Stand when you meet someone. Chivalry is only dead if you let it die. Don't ask her where she wants to go on the first date. Find out what she likes, make a plan, then surprise her. The world.
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@ChrisRamsey60 Electricians get paid as much or more than other trades and have far better working conditions imo.
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A cautionary tale about setting your prices:. This guy owned all 3 car washes in a small farming community. He had a monopoly. But he did the opposite of what you'd expect and kept prices low thinking he was doing the community a favor. Now two of the properties are worthless.
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👀Ever wondered what a good car wash deal looks like?👀. How to find it, then evaluate it?. I found one for sale outside of Dallas. I'll show you how to figure out if it's a good buy in about 5 minutes. We'll look at the $$, the market, and even the equipment. Ready? LFG 👇
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3rd Car Wash in the books! $1.5 million. We closed on this car wash north of Denver, CO Monday. Hang on, this one was spicy. First off, we've been trying to buy more car washes all year. We missed a closed bid sale by $20k. Another one the seller sold for LESS than we
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These 'VA's' as people call them (sort of derisively if you ask me) are real people with real stories and these jobs are extremely impactful on their lives. So before you sneer at the employers, the VA's or the whole setup. .
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Hot fitness take: bench pressing, squatting, and deadlifting heavy weight (>200lbs), esp after 40, does more harm than good. Yes, its better than nothing, but heavy weight + questionable form is a great way to destroy your back and joints. Speaking from experience.
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I didn’t know Artem but I’ve had a few friends commit suicide. My initial reaction for years was anger. I viewed it as the ultimate selfish act. Or cowardly. Boy was I wrong. It took a lot of dealing with humans - and bouts of my own depression - to understand that’s not how.
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A neighbor of mine was squarely in the "I'll never sell camp". Million dollar view, zero debt, paid less than $300k for whole thing in the 90's. Then a west coast hospital administrator literally knocked on his door and offered $1.3M cash. His mind changed real quick. But
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Litigators watching all these half-ass ChatGPT contracts get signed
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@sweatystartup same bro.
@girdley My wife’s personal trainer takes all the lovemaking off my shoulders so I have more time to ugly cry in my car at 7-11.
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My mountain biking buddy owns a pizza place in a mountain town, runs it remotely (3 hrs away). Clears about $200-250k. Years ago he bought the building. Had a couple offices and small apartments in the back. That clears another $7-8k a month. He spends most of his
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I just loooove it when my cardiologist (60 lbs overweight, pasty, lethargic) tells me (13% bf, exercise 6x a week) I need to make ‘serious changes’ because my cholesterol is 20 points high.
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I know many will disagree but I think these kids going to dual immersion school w/ Spanish are going to have a massive advantage in business, hiring, real estate, life. Like it or not the Hispanic population is exploding while almost every other demographic is shrinking.
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👇 The Car Wash Side Gig Blueprint 👇. Buy car wash: $1M . EBIDTA: $120k . Down payment: $200k . Free cash flow: $50k (after debt service). Bonus depreciation: $320k (40% or $400k of purchase is depreciable building, equipment, improvements, this year you can take 80% of that
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My mountain biking buddy owns a pizza place in a mountain town, runs it remotely. Probably clears about $200-250k. Years ago he bought the building. Had a couple offices and small apartments in the back. That clears another $7-8k a month. He spends most of his week mountain
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Remember, there is literally a whole world of talented people out there that can help you with your business. And you can help them with a well-paying job. It's not any more complicated than that. Oh, but the best part is. .
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My wife and I couldn’t stay pregnant. It’s ok though, because we were blessed with these two miracles through an amazing adoption process. Being a dad is my highest calling and I’m grateful for it everyday. I hope you all get to experience something this beautiful.
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Think about that next time you think of 'virtual assistants', they may seem virtual but they are very real. Like this? Follow me at @krissbergtweets for more insight and inspiration - and please share it!. Or, if you need eye surgery in a couple years. I gotta guy.
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He would talk about just getting out of surgery. He would appear on Skype calls in scrubs. In time I saw he was actually *downplaying* his role. He was literally helping people SEE every day at his clinic. Cataracts, eye diseases, horrific injuries. this dude was a hero!.
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People in my hometown **camped out overnight** for a BLEEPING PANDA EXPRESS WHAT IS GOING ON
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The front desk gal at my gym has fascinated me for years. She's not your typical fitness club staffer. In a word, she's. round. I'm guessing 5'2" and well over 230lbs. Very friendly and knowledgeable too. But as an entrepreneur my brain is constantly thinking "Is this how I.
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TAX DAY. Got the email from my CPA Friday. I will be getting a refund again. This year my effective tax rate will be about ~9% on a high 6-fig income. How? I'm glad you asked. 👇.
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@zillowgonewild Inside: masterpiece . Outside: mobile home tumor growing out of a sound stage.
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We buy craptacular car washes and make them less craptacular. We don’t play with the large express/tunnel washes because Private Equity is building them by the bushel. Ours serve blue collar folks, truck guys, ATVers, and people who dig touch-free automatics. Simple, easy.
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@girdley My wife’s personal trainer takes all the lovemaking off my shoulders so I have more time to ugly cry in my car at 7-11.
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@rossiadam @allenthird No it’s easier than negotiating: . - Call get medical codes of procedures.- Make sure those were actually done! Usually overbilled.- Google standard Medicare pricing for the procedures you did get.- that’s what you should pay, zero reason to pay more than the government does.
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I found Mu on Odesk, now called Upwork, in 2011. He lives in Pakistan. Back then you needed a programmer to fix Facebook business pages. I hired him because I had ZERO programming skills. He said he could do what I needed and backed it up. In fact. .
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Just got approached by some teenagers to buy beer for them. Maybe there is hope for the next generation.
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As my businesses grew, I could never stump him. It didn't matter what I needed, Java, PHP, integrations, Wordpress, he just figured it out. He always had that grit factor that meant he would never give up until it was done. But that's not the wild part. .
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We would chat and I asked about his life, his home etc. I asked him what he did outside of work. His answer was so stunning that I didn't believe it - for years. He told me he was an ophthalmologist.
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@JoeCassandra Sounds like tough love and its probably exactly what you needed in that moment. We *want* our spouses to coddle us, but we *need* them to push us. At some point you just gotta turn the anxiety into action, and she helped make that real for you.
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Been accused more than once of coming from a rich family. This is my childhood home. All 1200 glorious, split-level square feet of it. My parents were over the moon when they sold it for ~$250k in 2021 (height of the housing market). We weren't rich or poor, looking back I
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Hot take: Salt Lake City is everything Denver wishes it could be (and I’m a fan of Denver)
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A friend of mine's family has had olive orchards in their family for generations. They would harvest the olives and make their own small batches of olive oil to cook with and give to friends. It was mostly a hobby, but a family tradition. Then 10 years ago, after 22 years in
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Real estateurs, what would you do with this 30k sqft retail/warehouse building with 27k VPD on the road?. The storefront sits perpendicular to the road. College with 11k kids across the street. Asking $2M
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Can’t believe I spent a few decades purposely eating chicken breast when the thighs were right there the whole time.
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👇Car Wash Math Lesson 👇. Buy car wash: $1M .EBIDTA: $120k .Down payment: $200k .Free cash flow: $50k .Bonus depreciation: $400k . CoC return yr1: 25% *before* tax benefit (50/200) .Tax loss: -$350k ($50k profit - $400k depreciation) . Now you have a $350k loss on your
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🚗 🚿Ok, Car Wash Guy, why are there so many car washes being built? . Do we really need all these? Will they make money?. Yeah, if you do it right, you can start out with a little capital and build a $500M company in 5-10 years. Here's how:.👇.👇.👇.👇. (This is based on
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No clue or care where I land on the wealth scale, but being able to go on vacation and not worry about a budget or expenses ranks really high in *feeling* wealthy. Hope all of you get there too 🤟
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The muscle bros will hate this, but as you get into your late 40's and 50's, mobility becomes equally as important as adding muscle imo. If all you do is heavy lifts, you're going to end up a pretty strong person who can barely move.
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Hired a new attendant to help at the wash and he's a total bozo. Constantly goofing off and texting his girlfriend. This dude needs to be in a different line of work 🤦♂️
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Nice to see this story blowing up. Be sure to mash that follow for @KrissBergTweets , my intent is to make this timeline a master class in business. After 20 years as an entrepreneur I’ve made a ton of mistakes. Follow along and I’ll help you avoid them.
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Family Preparedness. You don't have to be a weirdo prepper to understand that you need to be prepared. Mega storms, wildfires, power outages, food shortages, these are not outlier events. You need to stockpile some stuff. Here's a list to get you started, written by a friend
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That's an eye surgeon, btw. I assumed he was flat out lying or at the very least exaggerating to make himself look good. I thought it was a ploy for a raise, tbh. But then little things would happen. .
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In a ski town with the family. Beer in hand. Kids are going nuts on the hotel water slide. Nuking snow outside. I’m in heaven, peace out for the weekend fam ✌️
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Lot of weird myths and lies about offshore workers and VA's. Some folks calling it a 'digital sweatshop' and 'slavery'. Y'all are wildin. That's not my experience at all. Want to be inspired? This is Muhammad, he's worked for us for 12 years now. His story is amazing.
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It seems like there is an opportunity to create the pickle ball of golf. With rising land and resource costs it seems like there’s a place for something between Topgolf and a full 18 hole course. Sort of a long par 3 course? Don’t know, just occurred to me.
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Here’s a serious narrative violation: my bud makes $600k per year working 10 hours a week while owning… a plumbing company. Honestly I wouldn’t believe it I didn’t trust and know this guy really well. And it wasn't easy in the beginning. But here’s how he does it. First off,.
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I've literally dug ditches and scooped poop for work. I bucked hay and pulled acres of weeds in 100deg heat. I've worked in underground coal mines and seen tunnels collapse on my friends. I've done chest compressions on a very dead young lady who just rolled her car while.
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We copied Costco. We had clients who took our CBD products religiously but complained about the price. So we created a buyers club. $93/yr you can buy all you want, at cost. Dropped $230k straight to the bottom line last year.
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This is probably my most marked-up biz book. Keith is the 'Rich Dad' in Rich Dad/Poor Dad (true story). It's a manual for running a business and in a format that you can just flip to a chapter, read it in 10 minutes and set it down. Must-have for any business owner imo.
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Crossed a big milestone this year: I will personally make seven figs for the 1st time. The best part: will pay about a 5% income tax rate. How?. Combination of cash-flowing, asset-light businesses (ecom) with asset-heavy, active commercial real estate. $$$ combo. AMA.
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