Codie Sanchez | Freedom From Financial Slavery: How To Use "Contrarian Thinking" To Rewire Your Mind For Wealth

Wellness + Wisdom Podcast

Josh Trent

Education, Self-improvement

4.8 • 913 Ratings

🗓️ 1 August 2023

⏱️ 101 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Wellness + Wisdom | Episode 561

What motivates you to work on your dreams?

In this episode, Codie Sanchez, founder + CEO of Contrarian Thinking, joins Josh Trent to explain why money is freedom, why you need to think for yourself, how creating a villain in your life can push you forward, what it takes to be a contrarian, what steps you can take to achieve financial freedom, and what makes successful people different from others.

"If you look at the amount of people that capitalism has pulled out of poverty, as measured by countries that have actually instituted it as opposed to taken it away, the numbers don't lie. There are huge issues with it but it is the only one that we can categorically say continues to lift people out of poverty. I think what we actually need to do, we need to export more people into ownership." - Codie Sanchez

Live Life Well from Sunrise to Sunset

Save 20% with code "WELLNESSFORCE" on everyone's favorite Superfoods brand, ORGANIFI, including their Sunrise to Sunset Bundle and their Women's Power Stack that includes HARMONY + GLOW for true hormonal balance and great health radiating through your beautiful skin.

Click HERE to order your Organifi today.

Are You Stressed Out Lately?

Take a deep breath with the M21™ wellness guide: a simple yet powerful 21 minute morning system that melts stress and gives you more energy through 6 science-backed practices and breathwork. Click HERE to download for free.

Is Your Energy Low?

Looking for a cleaner brain fuel? Just one daily serving of Ketone-IQ™️ will help you feel sharper, more focused, and ready to take on the day. Click HERE to try HVMN's Ketone-IQ™ + Save 20% with the code "JOSH"

*Review The WF Podcast & WIN $150 in wellness prizes!

*Join The Facebook Group

In This Episode, Codie Sanchez Uncovers:

[01:30] Money = Power + Freedom

Codie Sanchez
555 Mike Dillard | Richer Every Day: How To WIN The War on Your Money + Mind
Codie's experience writing about women being murdered in Mexico.
From a journalist to mastering money.
Why freedom motivates her.
Most people have wounds around money.

[14:10] Your Curiosity Will Get You The Answers You Need

Codie's upbringing and how her father raised her to empower her.
Curiosity is where you find the answers.
Money is not evil.
Her experience working at Vanguard.

[25:30] Think for Yourself

Why you need to be interesting to meet interesting people.
Letters to a Young Contrarian by Christopher Hitchens
Learning to think for yourself as a human and why you should figure out the contrasts in life.
Why Codie moved to Texas.

[33:05] Extrinsic + Intrinsic Motivation

David Osborn
Why you need to track and know where your money is in order to get rich.
How her father's honesty created Codie's moral compass.
Leela Quantum Infinity Bloc - 10% off with code "JOSH10"
Mimetic theory
Extrinsic vs intrinsic motivation.

[43:05] Overcoming The Struggle Phase

Why her finance background was coming from masculine energy.
How not having sun exposure made her move from Chicago.
Why the struggle phase separates successful people from others.
The criteria for choosing the people in your life.

[53:30] Creating a Villain + Path of Least Resistance

Anthony Pompliano: Millionaire Explains How To Get Rich During A Recession | Codie Sanchez
What it means that we need to put armor on.
Why creating a villain in your life can push you forward.
BREATHE | Breath & Wellness: 21 Day Guided Program
Why Codie uses irony complex to accomplish things.
The path of least resistance.

[01:03:20] Financial Intelligence

It all starts with your body: your health impacts your wealth.
Compounding: Compound investing, compound learning, and compound living.
Why she always wants to have an unfair advantage.
Who Not How: The Formula to Achieve Bigger Goals Through Accelerating Teamwork by Dan Sullivan + Benjamin Hardy
Why another person always has the answer to your questions.

[01:09:30] From Scarcity to Generosity

Contrarian Thinking
How the pandemic pushed Codie to go public and help people find their freedom.
Why we think that we think really well.
How she helps people make generous decisions.
How capitalism helps lift people out of poverty.
Skin in the Game: Hidden Asymmetries in Daily Life by Nassim Nicholas Taleb

[01:17:05] Maslow's Hierarchy of Needs

Maslow's Hierarchy of Needs
Great Thinkers by The School of Life
How to work your way up in the hierarchy.
Why you need first to learn, then earn, and then invest.
How you can manage your emotions around money.
Why cryptocurrency and stocks are not a secure way to make money.
Codie's advice on equity deals.

Leave Wellness + Wisdom a Review on Apple Podcasts

Power Quotes From The Show

Skin in The Game

"A lot of humans are acting without skin in the game because they don't have equity, upside in their job, or don't own any assets. They don't have things to lose so that becomes the tragedy of the commons which is when everybody's responsible for somebody and nobody takes care of it." - Codie Sanchez

Put On an Armor

"In order for us to succeed through life, we need to put on armor. And the armor in my case is often the exact opposite of what people think it is. It's a reminder of all the things that I've been able to overcome over the years. When difficult things happen to you, if you can alter them, you can really move forward in a way that nothing really hurts anymore." - Codie Sanchez

Contrarian Thinking

"If you were to go out to a group of 100 people and ask them: "Do you think that you think well?" The answer of most people would be "Of course, yes." And that's why we're crazy on Twitter, Facebook, and Instagram because we don't actually question our ability to frame our own individual thoughts which is a huge mistake. The smartest, richest, happiest people I know question everything, including themselves. They question most themselves." - Codie Sanchez

Links From Today's Show

Josh's Trusted Products | Up To 40% Off

Free Resources

About Codie Sanchez

Codie Sanchez | Freedom From Financial Slavery: How Codie Sanchez is the founder and CEO of Contrarian Thinking, a critical thinking and financial media company with over 3 million subscribers and 100 million views a month.

She also runs Contrarian Capital, a small business holding company that does $50 million in annual reviews and a venture fund focused on infrastructure for main street businesses.

Codie is a former private equity investor across Latin America, Cannabis, and micro-private equity deals. She started as a journalist and now sits on the boards of the Permian Capital Hedge Fund, Magma Partners Chilean Venture Fund, and E-commerce Fuel Investment Fund.

Transcript

Click on a timestamp to play from that location

0:00.0	How could conscious capitalism exist if everyone in the world was financially free?
0:04.6	I think everyone in the world will be financially free one day.
0:08.1	If you look at the amount of people that capitalism has pulled out of poverty as measured by countries that have actually instituted it as
0:14.4	opposed to taking it away. The numbers don't lie. We need to export more people into ownership.
0:19.7	It's four magical words, skin in the game.
0:22.8	For a lot of humans, they're acting without skin in the game because they don't have equity,
0:28.1	they don't have upside in their job, they don't own any assets, they don't have things to lose and so that becomes the tragedy of the commons
0:35.6	Which is when everybody is responsible for somebody nobody takes care of it and so that's why conscious capitalism will work is if we can get more people slices of ownership.
0:45.0	But what we do want to figure out is how can we get more people to have knowledge, which I think is the great equalizer.
0:50.0	Hey, welcome to wellness and wisdom. This is Josh Trent, your host. This has always been the place for you to gather, apply, and embody the intelligence you need to live your life well.
1:01.6	Cody, this is such a cool moment.
1:04.4	I have been seeing your stuff for a minute, actually six months or so.
1:08.4	We were actually at a friend's wedding, shout out to Mike Dillard, and I think you know a friend of mine named Joanie
1:14.8	Dylan as well you met her there we have all these cool connections this is why I
1:18.7	love podcasting with a new friend because we don't have to do the whole like
1:22.4	tried and true
1:23.7	systematized bullshit can dancers podcast we can just like get in there
1:27.7	which we already started doing actually before we sat down like
1:31.0	I love your background you, like the sex trafficking and early in the game as a reporter and just it's super
1:38.0	inspiring because people might look at you now, they might absorb your content in finance and they might go well she
1:44.3	probably got that from her dad or I'm sure you get that quite a bit a lot or my
1:48.4	husband yeah or your husband right but you're literally you're a self-made
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Josh Trent, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Josh Trent and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.