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How to Money

Buying Existing Businesses to Make Millions with Codie Sanchez #577

How to Money

iHeartPodcasts

Education, Investing, Business

4.63.2K Ratings

🗓️ 10 October 2022

⏱️ 68 minutes

🧾️ Download transcript

Summary

We’re pumped to talk with entrepreneur extraordinaire Codie Sanchez today. And while Codie is busy buying businesses today, the truth is, it took her a while to get there. Years ago, right out of college, Codie was working 70-hour weeks for a paycheck. And even though she had a great education and an elite job, she felt like her life was out of control. Who cares about prestigious job titles when somebody else controls your day to day?! Now, things are different: Codie is financially independent, she owns 26 small businesses, and she’s the founder and CEO of Contrarian Thinking- where she’s on a mission to free the minds of individuals who are hanging onto traditional careers, as well as the common narrative of what it means to be successful. And oftentimes this can be accomplished via buying existing businesses- which is more feasible than you might think! Listen as we discuss life as a second generation immigrant, why Codie believes we’re in a golden era of acquiring others businesses, ways to go about finding a business to buy, her views on passive income, what it means to utilize your ‘unfair advantage’, when she’d consider selling a business, and much more!

 

Want more How To Money in your life? Here are some additional ways to get ahead with your personal finances:

 

During this episode we enjoyed an Open Space Haze by Bosque Brewing- a big thanks to Bob in New Mexico for donating this one to the show! And please help us to spread the word by letting friends and family know about How to Money! Hit the share button, subscribe if you’re not already a regular listener, and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to change the conversation around personal finance and get more people doing smart things with their money!

 

Best friends out!

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Transcript

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0:00.0

What does it take to transform a company's mission into a movement?

0:04.6

I say it comes down to two things, math and magic.

0:08.4

I'm Bob Pittman, Chairman and CEO of I Heart Media.

0:11.4

On my podcast, Math and Magic, I sit down with the visionaries on the frontiers of marketing

0:17.0

to hear how they use data and creativity to bring big ideas to life.

0:22.0

We'll hear from business leaders like Susie Geary, CMO of Ford Motor Company.

0:27.0

We are at that moment when it all changes, and I think that a big part of the why we're at that moment

0:32.0

is because of the F-150 light name.

0:34.0

It changed everything.

0:36.0

Listen to Math and Magic.

0:37.0

On our very own free I Heart Radio app, Apple Podcast, or wherever you get your podcast.

0:44.0

My name is Joshua Topolsky, and I have a new podcast called What Future.

0:48.0

But I want to tell you that I'm being forced by my producer to record a promo telling you about my show.

0:53.0

And I'm not trying to force you to listen to it, and maybe you're not interested in internet culture

0:58.0

and the future of life on planet earth and why John Carpenter movies are so good.

1:03.0

You may just want to listen to a podcast about, I don't know, sports or whatever Joe Rogan talks about.

1:09.0

And that's fine, you know, no judgment.

1:11.0

But if you like what you're hearing, and I know that you do, you can listen to all of what future.

1:15.0

On the I Heart Radio app, Apple Podcasts, or wherever you get your podcasts.

1:23.0

Hey, I'm Joel Stein.

1:25.0

I want you to close your eyes and imagine a pocket watch.

1:29.0

It's moving from side to side.

...

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