The Real Wealth Secret Is Owning a Business | Durham News

Durham News Today | 2 Min News | The Daily News Now! · Aug 7, 2026 · 1m

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…