Government & Politicians Are Robbing You - Escape The Matrix & Build Wealth In 2024 | Codie Sanchez PT 1

Tom Bilyeu's Impact Theory

Impact Theory

Business, News Commentary, News

4.7 • 5.2K Ratings

🗓️ 2 April 2024

⏱️ 96 minutes

🔗️ Recording | iTunes | RSS

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Summary

Welcome to another power-packed episode of Impact Theory, I’m Tom Bilyeu! In today’s episode, Codie Sanchez is here to discuss how we can escape the hidden theft of money printing so we’re not robbed of the value of our money and BUILD wealth instead of losing it to inflation! Codie Sanchez is known for her contrarian investment strategies and dedication to empowering marginalized communities. She boasts a varied career that includes a decade spent on Wall Street and in private equity, where she managed substantial investments. Codie advocates for critical thinking about money and wealth building through unconventional business buying strategies, an example being her work with Contrarian Capital, where she oversees a portfolio of "boring" businesses generating millions in revenue. We touch on: - Cultural shifts and the rise of business ownership - Challenges and rewards of small business ownership - Bankruptcy as a safety net - Encouraging risk-taking while young - Societal aversion to hard work - (Lack of) Government efficiency and private sector incentives - The problem with for-profit prison systems - The value of learning from a diversity of sources - The importance of all-weather investment strategies - Developing strategies for recession-resistant businesses - Potential investment opportunities during economic downturns - The significance of trying new things to discover personal identity - The difficulty of finding truth and the impact of narrative on decision-making Can you actually BEAT the hidden theft of MONEY PRINTING? This is just Part 1 of our conversation, so make sure you don’t miss Part 2 of this convo for even more unconventional wisdom from Codie Sanchez. Follow Codie Sanchez: Website: https://www.codiesanchez.com/ Instagram: https://www.instagram.com/codiesanchez X: https://twitter.com/codie_sanchez Follow Me, Tom Bilyeu: Website: https://impacttheoryuniversity.com/ X: https://twitter.com/TomBilyeu Instagram: https://www.instagram.com/tombilyeu/ If you want to dive deeper into my content, search through every episode, find specific topics I've covered, and ask me questions. Go to my Dexa page: https://dexa.ai/tombilyeu Themes: Mindset, Finance, World Affairs, Health & Productivity, Future & Tech, Simulation Theory & Physics, Dating & Relationships SPONSORS: Sign up for a one-dollar-per-month trial period at https://shopify.com/impact now to grow your business – no matter what stage you’re in. Keep your ride-or-die alive at https://ebaymotors.com Now through April fifteenth, NetSuite is offering a one-of-a-kind flexible financing program. Head to https:/netsuite.com/THEORY Take control of your health with Zocdoc. Go to https://zocdoc.com/impact and download the free Zocdoc app. Visit https:/showcaseworkshop.com today to get a demo and a free 2-week trial Get 5 free AG1 Travel Packs and a FREE 1 year supply of Vitamin D with your first purchase at https://drinkag1.com/impact. Secure your digital life with proactive protection for your assets, identity, family, and tech – Go to https://aura.com/IMPACT to start your free two-week trial. Take control of your gut health by going to https://tryviome.com/impact and use code IMPACT to get 20% off your first 3 months and free shipping. ***Are You Ready for EXTRA Impact?*** If you’re ready to find true fulfillment, strengthen your focus, and ignite your true potential, the Impact Theory subscription was created just for you. *New episodes delivered ad-free, EXCLUSIVE access to hundreds of archived Impact Theory episodes, Tom AMAs, and so much more!* This is not for the faint of heart. This is for those who dare to learn obsessively, every day, day after day. *****Subscribe on Apple Podcasts: https://apple.co/3PCvJaz***** Subscribe on all other platforms (Google Podcasts, Spotify, Castro, Downcast, Overcast, Pocket Casts, Podcast Addict, Podcast Republic, Podkicker, and more) : https://impacttheorynetwork.supercast.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	The hard truth about money is that if you don't invest it, you will lose it to inflation.
0:04.8	That forces all of us to become degenerate gamblers. And I have a growing thesis that hard money
0:09.8	that can't be seized or inflated ought to be an inalienable human right. But currently,
0:15.2	that's not the case. So you have to invest in something as a way to beat the hidden theft that is money printing.
0:22.2	Today's guest is Cody Sanchez, and she has one of the most unique solutions to this problem I've ever seen.
0:29.1	I want to start with a quote from Cody Sanchez, if you game for it.
0:33.8	Yeah.
0:34.3	Here we go. We're about to have one of the most difficult markets of our careers.
0:38.4	I was at Goldman Sachs in 2007 and 2008 when the world was falling apart. I saw what happened
0:43.5	to retail investors then, and I think it will be worse this go round. Between interest rates,
0:48.9	commercial real estate, and the fact that we also have to battle inflation, we are going to
0:53.0	come into one of the most difficult
0:54.3	markets in our history of investing. Why do you think this time is going to be different? Why isn't
1:01.5	the government going to come in, print more money, and either stop us from having a recession at all,
1:06.9	or if we do have one, that we won't just bounce back. I think guns only have so many bullets, right?
1:13.0	And the government, in some ways, at the federal level, operates like a gun.
1:17.6	And they've used their bullets.
1:19.6	You know, they've used quantitative easing, which is a massive money printer for a long time,
1:24.2	longer than they should have, from QE to then TARP, which the temporary asset relief
1:29.2	program actually continued far past when it was supposed to. And then they did it with interest
1:34.5	rates. And then they're going to have to try to figure out how to manage a burgeoning deficit
1:40.9	that is getting slightly out of control. $34.4 trillion as of the time of this recording.
	...

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