Make Money Like the Ultra-Wealthy | Dana Cornell

Travis Makes Money

Dana Cornell is a Forbes-recognized financial advisor and former executive director at Morgan Stanley, where he managed $1.4 billion in assets. Dissatisfied with the traditional wealth management model, Dana left to found Cornell Capital Holdings, where he now advises another billion dollars and specializes in helping business owners with exit planning and wealth creation. Dana’s unique perspective comes from both building and buying businesses, and he’s passionate about showing others how to use business acquisitions as a powerful path to financial freedom.

On this episode we talk about:

• Why Dana left Wall Street to build his own wealth management firm
• The biggest misconceptions about buying small businesses
• How to identify a business that’s the right size for acquisition
• Creative financing strategies to buy businesses with little or no money down
• Why income streams and asset classes matter more than stocks and bonds for real wealth
• How to scale a business and prepare for a profitable exit

Top 3 Takeaways

1. Buying a business that’s already cash-flowing and has systems in place is often less risky and more profitable than starting from scratch or buying too small.
2. Creative financing—like SBA loans, seller financing, or partnering with investors—can allow you to acquire businesses with little or no money out of pocket.
3. True wealth comes from diversifying income streams and owning assets that generate passive income, not just from traditional stock and bond portfolios.

Connect with Dana Cornell:

• https://www.linkedin.com/in/danacornell
• https://www.cornellcapitalholdings.com/

SHOW SPONSOR:

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