217 : Codie Sanchez on Overcoming Obstacles to Hustle & Think Like a Contrarian

Invest Like a Boss

Sam Marks Johnny FD Derek Spartz

Investing, Business

4.8 • 518 Ratings

🗓️ 17 February 2022

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Codie Sanchez is the founder of Contrarian Thinking, a newsletter, and media company read by hundreds of thousands about thinking critically and cash flowing unconventionally. She owns 25+ boring businesses and is known for making Main St. sexy again. Before being an investor and writer, she ran a cannabis PE fund, Latin American investment biz, worked at Goldman, Vanguard and was a conflict journalist in Mexico.

Listen to ILAB 215 on iTunes here or subscribe on your favorite podcast app.

Where we are:

Johnny FD – Ukraine / IG @johnnyfdj
Sam Marks – Barcelona / IG @imsammarks
Derek Spartz – Venice Beach / IG @DerekRadio

Sponsor:

Commonstock
Commonstock is a social network for smart investors. Join the FREE community of engaged investors to access exclusive financial data, follow and chat with fellow investors, get alerts when friends buy or sell, and make trades directly through the platform at Commonstock.com
Support Invest Like a Boss: Join our Patreon

Discussed:

Contrarian Cashflow
Use INVESTBOSSCT for 20% off your first year’s membership to Contrarian Cashflow - If you're ready to learn about cash-flowing assets and passive investments, join our premium community Contrarian Cashflow, for playbooks, exclusive interviews, an online community, and more.
Twitter: @codie_sanchez
Instagram: @codiesanchez

Like these investments? Try them with these special ILAB links:

ArtofFX – Start with just a $10,000 account (reduced from $25,000)
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*Johnny and Sam use all of the above services personally.

Time Stamp:

08:35 – Can you tell us some of your backstory?
10:52 – How did you illegally cross the border?
12:55 – Can you tell us about your time working for Vanguard?
15:16 – How did you get involved in the cannabis industry?
16:50 –What would you describe as the state of the cannabis industry now?
18:07 – How do you have time to make so much social media content and invest?
23:13 – What challenges have you had as a female in finance?
26:42 – What are your Top 5 side hustles?
29:43 – Have you noticed people missing the opportunity to get out of the business?
31:12 – Are you personally invested in anything in the market?
33:24 – Patreon question : What is the product line focus as it relates to the cannabis industry?
36:44 – Patreon question : Are the companies you are invested in looking at long term growth or quicker sale?
37:27 – Patreon question : Do you see any possible internationally dominant company in the cannabis industry?
38:49 – Patreon question: Has being hispanic helped you in the industry?
39:53 – Patreon question : What is your morning routine?
42:03 – Derek and Johnny Review

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Transcript

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0:00.0	What is up, bosses? Before we start this episode, I want to tell you about our sponsor this week.
0:04.5	It is common stock, a social network for smart money investors. Does anyone else out there feel
0:10.7	like capital markets make zero sense these days? From equities and options to meme stocks,
0:16.8	crypto and NFTs, markets are changing at breakneck speed. It's more important than ever to find
0:23.2	trustworthy information from people who actually know what they're talking about. Common stock,
0:27.8	built a platform to showcase the portfolios, real-time trades, and analysis of the smartest
0:32.7	retail investors. It lets people link their existing brokers to verify their portfolios and performance,
0:38.5	which helps you distinguish signal from noise. I'm going to tell you so much more about common stock
0:44.3	during the break in the show. Plus, I'll let you know how you can follow Sam, Johnny,
0:48.8	and myself right on common stock to get real-time trades. But if you want to check it out right now, all you got to do is go to commonstock.com. That's common stock to get real time trades. But if you want to check it out right now, all you got to do
0:55.0	is go to commonstock.com. That's common stock.com to join today. All right, let's get started with
1:02.3	this week's episode. Welcome to the Invest Like a Boss podcast. I'm Sam Marks and I'm Johnny FD.
1:08.0	We're self-made entrepreneurs who invest our own money and use modern technology to invest like a boss.
1:12.4	Join us each week for exclusive interviews with our network of modern investors, business owners, and multimillionaires to discover new ways to invest our hard-earned cash.
1:22.9	Hey bosses, this is Johnny and welcome to episode 217 of The Investor Like a Boss podcast.
1:29.1	Derek, how the heck are you, buddy?
1:31.2	I am doing great.
1:32.5	I think the listeners want to know how you're doing, Johnny.
1:34.7	I'm here in L.A. It's 75. It's sunny.
1:37.2	There's really nothing to complain about.
1:39.4	What's the status in Kiev?
1:42.2	Depends on which news channel you watch, but it's minus two degrees.
	...

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