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The Daily Motivation

Break Free from the 9-5 and Build Magnetic Wealth | Codie Sanchez EP 812

The Daily Motivation

Lewis Howes

Education, Self-improvement

4.8960 Ratings

🗓️ 27 November 2024

⏱️ 6 minutes

🧾️ Download transcript

Summary

"By the time somebody else has thought about an idea, gone to investment committee, pondered it, I've already started, made three mistakes, and found a better way." - Codie Sanchez From a $37,000 salary to building multiple successful businesses, Codie Sanchez's journey is a masterclass in breaking free from corporate constraints. In this raw and energetic conversation, she shares the pivotal moment when a boss's rejection of her business idea became the catalyst for her entrepreneurial rise. With remarkable candor, Codie reveals how being labeled as someone who would "leave dead bodies behind" in the corporate world led her to embrace her ambitious nature and chart her own path to financial freedom. Her unconventional wisdom challenges the traditional narrative about career loyalty, encouraging listeners to become the architects of their own fate. Drawing from her extensive experience, Codie breaks down the three essential elements of building wealth: mindset, zero-to-one breakthrough, and what she calls "contagion" - the art of making money magnetic. She dispels the myth that success requires superior intelligence or pre-existing wealth, instead emphasizing the power of speed and decisive action. With refreshing honesty, Codie addresses the role of emotions in business building, acknowledging that drive can come from various sources - including constructive anger - challenging the typical "love-only" approach to entrepreneurship. Listen to the full episode to discover Codie's counterintuitive strategies for breaking through wealth barriers and seizing the unprecedented opportunities in today's business landscape.

Transcript

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0:00.0

Hi, my name is Lewis Howes and welcome to the Daily Motivation Show.

0:05.0

I started to determine there's three things we need to make a lot of money and I wish

0:16.0

somebody had told me earlier, so I'm going to share my lessons with you.

0:19.0

The first one is mindset. Kind of straightforward, you think, except most people don't have it. The second is zero to one.

0:25.9

How do you actually break through whatever your wealth level is? The last one's really important,

0:30.3

which is contagion. How do you become so good that your money becomes magnetic, and it keeps going

0:36.2

back and bringing friends with you.

0:37.7

This one's really important today because I think actually we live in a time of massive abundance.

0:43.7

Think about it. It's never been easier to build a business than it is today. In fact, more businesses

0:47.6

have been built since 2020 to today than ever in history before. Think about that for a second.

0:53.7

We have massive abundance.

0:55.5

It's just that we've kind of become a cog in a machine

0:59.0

instead of even the machine

1:01.3

or learning how to own the machine.

1:04.0

And that's where I want to get to.

1:05.7

There is one word that is more near and dear to my heart than anything else,

1:09.1

and that is this word owner.

1:11.3

So I heard something the other day that stuck with me.

1:14.2

Somebody said to me, when you hear the truth, you don't just hear it, you feel it.

1:20.3

It's like a tuning fork.

1:22.2

You guys ever felt that?

1:24.0

Inside of you, right?

...

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