How to build a Pizza Empire
Papa John reveals all, and the housing market is in turbulence
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Papa John’s is such a ubiquitous American brand, that it’s hard to believe that “Papa” John Schnatter started his first pizzeria in 1984 by installing an oven in a broom closet in his dad’s tavern. He put in an initial investment of just $1,600 that he raised by selling his beloved Camara Z28 to start the operation – and ten years later, they had 500 stores all over the country. Now, there are over 5,700 Papa John’s restaurants around the globe.
This week, Jack and I got to sit down with the man who started it all, Papa John Schnatter himself, and chat with him in his beautiful estate. We got a look into his unique philosophy of using creativity in business, how he went from one store to hundreds, his foray into real estate, how he stays positive and more. For anyone interested in business and leveraging your wealth to build an empire, this is a must-watch:
Which business titans would you like me to interview next? Let me know in the comments:
Dave Ramsey flips out
One of my favorite pastimes is to find the most controversial Dave Ramsey videos of all time and see him ruthlessly take apart the caller while giving them advice to reset their life. This one was especially hard to watch, because it was a woman named Pamela calling in to talk about her financially irresponsible son who lived off her generosity, and you could hear the frustration in her voice. My mother’s name is Pamela too, and I felt personally annoyed by how her son wasn’t budgeting, getting his act together, and working towards financial independence. It was still pretty impressive to see how Dave Ramsey gave her a plan for turning around this impossible situation:
Living in a tiny home
Rents are getting out of hand – The average rent in Manhattan is now upwards of $5,500 and to afford it, you’d need to make $200,000 a year. That’s why designer and entrepreneur Sung Yoo decided to move to a “Tiny Home” in Santa Monica that’s more aligned with her values. But once you take a look at this thing, you might have some questions just like I did: For example, where are the windows on this one? Let’s do a thorough breakdown of the pros and cons of “downsizing” your house and whether a Tiny Home is actually worth it:
The confusing housing market
If you thought the housing market was confusing a month ago, it’s not getting any better – predictions are that prices are going to go up by as much as 7% in 2024. As we’re also in the middle of a credit downgrade and a giant wealth transfer, it’s time to take a deeper look at this. How is the housing market going to move in the coming months, and which markets will see the largest shifts in price? All covered here:
So that’s it for my weekly round-up. See you next week with another bunch of exciting videos!
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