From Working in Construction to Multi-Million Dollar Luxury Car Rental Company

Good Morning,

This is the New Money Talks Newsletter, the newsletter packed with entrepreneurs’ personal stories, real estate investing, financial tips, and more! All in three sections!

It’s almost as packed as rush hour traffic on a Friday… but enough of that, and let's get into the email.

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Who is John Ferrari? (That’s his actual last name)

• He currently operates the luxury car rental company Ace Exotics.

• He is also in the payment processing space.

• Had his first real estate wholesale company at the age of 18.

• Thought he would go into construction after high school.

@newmoneytalks

Turo sucks… if you want to rent a luxury vehicle. Use your local rental company instead 🫡 #foryoupage #fyp #exoticcars #carrental #lambo #turo

Quick Breakdown of Video

• Some things are too good to be true…

• Some people will tell John that they can find a cheaper car to rent on Turo.

• Turo tacts on fees after you book regarding insurance and will actually make it more expensive. Also, Turo is just a booking app and doesn't do maintenance on the car.

How does John Ferrari Make Money?

• First, he runs & operates Ace Exotics.

• He also works in eCommerce, specifically on the payment processing end of it.

• Also, has a program called rentalprenuers that is a playbook for the car rental industry.

What do you Need to Know from Our Interview with Kevin?

The Secret Sauce…

John thought he would work in construction after high school, but look at him now…

He has multiple successful business ventures and didn’t go directly into the construction.

So if you just graduated high school or in college, don’t feel pressured into knowing what you have to do.

For looking for businesses to start, look at your network. John had been in the car scene his whole life, building a network of people interested in cars and body shops. So, he was able to get his first customers through his network.

How can you translate this to your life? What clubs, organizations, and hobbies are you a part of?

Have a great day, and see you Friday :)