Your Business Is Making Money. Are You? copertina

Your Business Is Making Money. Are You?

Your Business Is Making Money. Are You?

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 Erik Caballero built OX Plumbing out of a van in Mesa, Arizona. He's five years in now and can tell you his margins. For most of the run before that, he couldn't. Money came in, money went out, and he ran the company off the balance in his bank account.In this episode he says that out loud, and Arrow, the guy who came in and organized his numbers, walks through exactly what he found when he opened the books.Then I get into the part nobody warned me about. Your business is probably the best wealth building tool you'll ever own, and at some point keeping everything inside it becomes the risk. I go through the test I use before I take money out, the mistake I'm still making today, and what I actually paid myself in the early years.If you're one to three years in and the money is coming in but the wealth isn't, this one is for you.WHAT YOU'LL HEARHow Erik picked plumbing, failed the license exam seven times, then quit his job and studied for a month straight.The first six months in the van, when the phone rang about ten timesKnocking doors and handing out pamphlets, because it cost him nothing but timeErik in his own words: "Money was coming in, money was going out. I didn't even know what I was even making."What Arrow walked into: one revenue account, one credit card, some personal expenses mixed in, and a profit check that came down to seeing if anything was left after the card got paid.What changed once the financial statements were real: he can price the work, buy a truck, hire, and they're getting a shop.The test I use before I pull money out of a business, and the reserve I keep firstMy own confession: 72 percent of my net worth is tied up in privately held businesses I own. That's way too high. I don't always practice what I preach.Why trading a high return for a lower return asset isn't a downgrade, it's buying stability.What I actually paid myself: $20,000, then $36,000, then $36,000, then $600,000, while living off savings in a two bedroom apartment in DetroitWhere the 10 Laws came from, and why the first one is that you have to believe you're worthy of wealth before you build any.TIMESTAMPS0:00 In the studio with Erik and Arrow, and how OX Plumbing started2:25 Failing the plumbing license exam seven times8:56 Three years in a van, about ten calls in six months12:27 "I didn't even know what I was even making"14:18 One revenue account, one credit card15:56 What changed once the numbers got real21:17 Law 1: you have to believe you're worthy of it22:55 Two nickels to rub together28:34 When to stop reinvesting and start taking money out30:50 My confession: 72 percent in one basket42:02 Debt rules, and why real estate is not passive46:17 Trading return for stability49:06 $20,000. $36,000. $36,000. $600,000.56:32 The talk in Chile that started the reading listJOIN THE COMMUNITYThe Wealth Code community on Skool is where this stops being a podcast and starts being a plan. Come in, ask your question, and work through the laws with other owners who are in the same season you are.https://skool.com/thewealthcodeGUESTSErik Caballero and Arrow Duplain, OX Plumbing Services, Mesa, Arizonahttps://oxplumbing.comI'm putting this out there as a value add, from me to you, not as advice. Educational purposes only. Not financial, legal or tax advice. I'm not a CPA and I'm not a licensed financial advisor. Your situation and your results will differ.#BlueCollarBusiness #SmallBusinessOwner #TheWealthCodeMost men weren't handed the code. This channel exists to change that. I'm Allan Draper — and The Wealth Code is for the man who already works hard, already earns decent money, and still feels behind. No hype. No shame. No guru-speak. Just the principles, habits, and systems that actually build real wealth — taught straight. ━━━━━━━━━━━━━━━━━━━━━━━ STAY CONNECTED Instagram: https://www.instagram.com/itsthewealthcode/ Website: https://thewealthcode.money ━━━━━━━━━━━━━━━━━━━━━━━ WHAT THIS CHANNEL IS ABOUT → Financial psychology — because behavior follows identity → Disciplined habits that compound quietly until they don't → Wealth strategies in plain language, no jargon → Legacy and leadership — wealth as a tool to serve → Simple systems that replace stress with clarity If you're done reacting to money and ready to lead it — you're in the right place. ━━━━━━━━━━━━━━━━━━━━━━━ DISCLAIMER The content on this channel is for educational and informational purposes only and does not constitute financial, legal, tax, or investment advice. Always consult a qualified professional before making financial decisions. #TheWealthCode #AllanDraper #FinancialLeadership #WealthBuilding #MoneyMindset
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