Codie Sanchez: How to Get Rich Buying a Business No One Wants | Entrepreneurship | YAPClassic

Young and Profiting with Hala Taha

YAP Media Network | Hala Taha

Entrepreneurship, Business, Marketing

4.8 • 1.5K Ratings

🗓️ 31 October 2025

⏱️ 58 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

After years in high finance, Codie Sanchez watched investors chase flashy startups even though 80% of them failed. This made her wonder: Where is the 80% win rate? The answer led her to “boring” businesses, the small, steady cash-flow companies most entrepreneurs overlook. Today, she owns more than 26 companies and is one of the world’s top female business influencers, teaching others how to build wealth through contrarian entrepreneurship. In this episode, Codie shares how to acquire profitable small businesses using creative financing strategies that require little to no upfront capital. In this episode, Hala and Codie will discuss: (00:00) Introduction (00:43) Codie’s Background and Path to Entrepreneurship (09:46) The Contrarian Thinking Strategy (19:07) Diversifying Income and Reducing Financial Risk (26:29) How to Buy a Business with No Money Down (32:12) How to Find and Acquire Profitable Small Businesses (38:37) Simple and Profitable Business Selection Criteria (45:03) The Best “Boring” Businesses to Start or Buy (51:39) Entrepreneur Mindset and Daily Success Habits Codie Sanchez is a former journalist turned investor and entrepreneur who spent over a decade climbing the ranks at major financial firms like Goldman Sachs, State Street, and First Trust. Today, she’s the founder of Contrarian Thinking, a top business and investing newsletter, and the co-founder of Unconventional Acquisitions, where she teaches entrepreneurs how to buy “boring” businesses and achieve financial freedom. Sponsored By: Indeed - Get a $75 sponsored job credit to boost your job's visibility at Indeed.com/PROFITING Shopify - Start your $1/month trial at Shopify.com/profiting. Mercury streamlines your banking and finances in one place. Learn more at mercury.com/profiting. Mercury is a financial technology company, not a bank. Banking services provided through Choice Financial Group, Column N.A., and Evolve Bank & Trust; Members FDIC. Quo - Get 20% off your first 6 months at Quo.com/PROFITING Revolve - Head to REVOLVE.com/PROFITING and take 15% off your first order with code PROFITING Framer- Go to Framer.com and use code PROFITING to launch your site for free. Merit Beauty - Go to meritbeauty.com to get your free signature makeup bag with your first order. Pipedrive - Get a 30-day free trial at pipedrive.com/profiting Airbnb - Find yourself a cohost at airbnb.com/host Resources Mentioned: Codie’s Newsletter, Contrarian Thinking: contrarianthinking.co/ Codie’s Program, Unconventional Acquisitions: unconventionalacquisitions.com Active Deals - youngandprofiting.com/deals Key YAP Links Reviews - ratethispodcast.com/yap YouTube - youtube.com/c/YoungandProfiting Newsletter - youngandprofiting.co/newsletter LinkedIn - linkedin.com/in/htaha/ Instagram - instagram.com/yapwithhala/ Social + Podcast Services: yapmedia.com Transcripts - youngandprofiting.com/episodes-new Entrepreneurship, Entrepreneurship Podcast, Business, Business Podcast, Self Improvement, Self-Improvement, Personal Development, Starting a Business, Strategy, Investing, Sales, Selling, Psychology, Productivity, Entrepreneurs, AI, Artificial Intelligence, Technology, Marketing, Negotiation, Money, Finance, Side Hustle, Startup, Mental Health, Career, Leadership, Mindset, Health, Growth Mindset, Passive Income, Online Business, Solopreneur, Networking Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Yeah, bam, as you may know, I'm a total fashionista. I love clothing. It is my favorite way to
0:08.7	express myself. I love putting together outfits. It is one of my favorite hobbies, fashion. I just love it.
0:14.5	And when it comes to buying my clothes, there's really only one place I shop for the last three or four
0:19.9	years. I literally have bought all of my clothes from Revolve, one place I shop for the last three or four years, I literally have
0:21.3	bought all of my clothes from Revolve, whether it's buying a gown for a wedding, work clothes,
0:26.6	going out, dancing clothes, bikinis for vacations, vacation outfits, all of my clothes are from
0:32.6	Revolve. And Revolve is so amazing because they've got so many brands. They've got 1,200 different brands
0:38.2	from really established labels to up and coming brands. And I just love discovering these new brands,
0:44.7	trying these clothes. It's always so high quality. Their shipping is just so fast. They've got
0:49.6	overnight shipping, two-day shipping. It's one of the best high-quality stores that I know of that
0:53.9	actually provide quick shipping. So if you need something in a pinch, Revolve is night shipping, two-day shipping, it's one of the best high-quality stores that I know of that actually
0:54.2	provide quick shipping. So if you need something in a pinch, Revolve is definitely your go-to.
0:59.9	Whether it's a weekend away or a big night out or a style refresh, your dream wardrobe is just
1:05.0	one click away. Head to Revolve.com slash profiting and shop my edit to take 15% off your first order with code profiting.
1:12.5	That's fast two-day shipping, easy returns. It's literally the only place you need to shop from.
1:17.1	It's the only place that I shop from. That's revolve.com slash profiting to shop my favorites and get
1:22.1	15% off your first order with code profiting. This offer ends November 9th, so happy shopping and profiteers. You know how everyone's obsessed with building the next big startup,
1:45.9	grinding 24-7 and hoping it takes off? In this Yap classic episode, we challenge that entire narrative.
1:52.0	My good friend Cody Sanchez believes that real wealth often comes from buying simple, overlooked
1:57.7	businesses that quietly make money every single day. Cody is a legendary investor
2:03.2	and founder of contrarian thinking. She's built a multi-million dollar empire by acquiring
2:08.2	boring businesses like laundromats, car washes, or vending routes, and then turning them
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from YAP Media Network | Hala Taha, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of YAP Media Network | Hala Taha and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.