Codie Sanchez: They're Lying To You About How To Get Rich! How To Turn $1,000 Into $1M! Hard Work Doesn't Build Wealth!

The Diary Of A CEO with Steven Bartlett

FlightStory

Business, Education, Society & Culture

4.5 • 17.9K Ratings

🗓️ 12 August 2024

⏱️ 124 minutes

🔗️ Recording | iTunes | RSS

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Summary

Is the path to gaining big riches through small easy secrets? Codie Sanchez breaks down the Wall Street wealth hacks she used to build her empire Codie Sanchez is the founder and CEO of ‘Contrarian Thinking’, a company and newsletter that provides financial advice with over 2.5 million subscribers. She is also the author of the book, ‘Main Street Millionaire: How to Make Extraordinary Wealth Buying Ordinary Businesses’. In this conversation, Codie and Steven discuss topics such as, the 32 rules for building wealth, the best way to invest your money, how to succeed in a job interview, and the secret to generational wealth. (00:00) Intro (01:28) Who Do You Want to Help Build Wealth? (03:08) Why Your Message Really Matters (05:16) How to Make More Money and Why It Counts (06:50) Who Is Codie Sanchez? (08:20) Top Advice for 20-Year-Olds (10:41) Why You Must Work Harder in Your 20s (12:05) How People Actually Make Money (15:23) How to Attract Wealth (17:53) Dealing With Money Imposter Syndrome (20:25) Money and Gender: Key Differences (21:51) Is Money a Masculine Thing? (23:05) Building Wealth From Scratch (25:40) How to Get a Rich Person’s Attention (32:37) What to Do When You’re Starting Out (34:52) Best Behaviors for Job Interviews (38:10) Ask This to Make Employees More Money (43:41) Salary vs. Owning a Business: Get Rich (44:56) Where Should You Invest Your Money? (49:54) 3 Smart Ways to Buy a Business (54:28) What’s the Banister Effect? (56:55) The One Skill for Major Success (01:04:53) Why Obsessed People Win (01:08:26) What’s a Drug Gateway Business? (01:10:36) Buying “Boring” Businesses (01:13:49) How to Avoid Bad Deals (01:15:08) Where to Find Profitable Businesses (01:18:30) Best Hacks to Own a Business Cheaply (01:20:22) Is Your Business Failing? Fix It Now (01:26:14) Why Retention Is Key in Business (01:33:49) Turn Contacts Into Business Partners (01:39:07) Cross-Pollination for Business Growth (01:46:30) Ways to Maximize Your Income (01:52:01) The Book You Need for Deals (01:53:53) The Last Guest Question Follow Codie: Instagram - https://g2ul0.app.link/1dB66BF8ULb Twitter - https://g2ul0.app.link/sSA2yxI8ULb YouTube - https://g2ul0.app.link/v85ploYE3Lb You can pre-order Codie’s book, ‘Main Street Millionaire’, here: https://g2ul0.app.link/DbLLh1N8ULb You can learn more about the 130+ businesses you could purchase using Codie’s investing framework, here: https://g2ul0.app.link/Nz9JXw18ULb Watch the episodes on Youtube - https://g2ul0.app.link/DOACEpisodes My new book! 'The 33 Laws Of Business & Life' is out now - https://g2ul0.app.link/DOACBook You can purchase the The Diary Of A CEO Conversation Cards: Second Edition, here: https://g2ul0.app.link/f31dsUttKKb Follow me: https://beacons.ai/diaryofaceo Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Can I get rich if I just have a salary?
0:02.8	Yeah. If you want to make a couple million dollars, 100%.
0:05.8	And can everybody do that?
0:06.8	Yes.
0:07.8	It's only not accessible to you if you're a lazy piece of shit that wants to do nothing.
0:11.0	And none of this is rocket science.
0:12.8	What do you do?
0:13.5	So start with.
0:14.3	Cody Sanchez has taken her experience
0:16.4	from Wall Street to become a multi-millionaire,
0:18.5	investor, and business owner.
0:20.0	And now teaches millions of people
0:21.8	how to make money and be financially free.
0:24.0	Cody, if I set you the challenge of building your wealth from scratch, what do you do?
0:28.0	Okay, step one. You get with the biggest bad-est guy or gal you can find, is already successful and you do everything possible
0:34.9	to provide value to them.
0:36.3	And by the way, it sucks.
0:37.3	But the best advice for a 20 year old is to realize that your 20s do suck.
0:40.8	But everybody focuses on how much money you make and start doing
0:43.4	entrepreneurship too early. Well you can be a 20-year-old to drive a Bugatti and play around
0:47.6	with crypto. Huge mistake. Focus on learning and you're going to have no time
0:51.0	for anything except what your boss asks of you.
	...

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