If I was broke in 2024, here’s exactly what I’d do… (feat. James Altucher)

BigDeal

Codie Sanchez

Business, Investing, Entrepreneurship, Marketing

4.8 • 681 Ratings

🗓️ 14 May 2024

⏱️ 81 minutes

🔗️ Recording | iTunes | RSS

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Summary

Have you ever thought to yourself: what does it mean to be 'broke', or even 'how do I break out of poverty'? In this episode, Codie answers your questions about achieving financial freedom from her own experiences by explaining the paths that led to her financial independence and breaking down the importance of financial literacy and education. Then, hedge fund manager, entrepreneur, and author James Altucher joins in a candid conversation about rebuilding after losing millions and how he was able to survive after public failure. 00:00 START 00:40 Steal My Rich Friend: James Altucher 04:21 The Dark Side of Financial Success 11:02 Bouncing Back: Strategies for Recovery 15:13 Embracing Experimentation and Idea Generation 22:28 The Impact of Sharing Ideas and Experiences 31:34 Asking the team if they're smoking crack 34:02 Navigating Criticism and the Importance of Perspective 37:59 Reflecting on Past Interactions and the Impact of Trolling 38:30 The Dangers of Engaging with Trolls Online 39:51 The Power of Positive Influence and Choosing Kindness 43:43 Breaking the Cycle of Poverty: Strategies and Insights 45:12 Understanding and Defining 'Broke' 46:46 The Realities of Poverty Across Different Age Groups 51:33 Practical Steps to Escaping Poverty 01:04:16 Navigating the Challenges of Being Broke and Making Changes 01:18:00 Choosing Your Hard: The Path Out of Brokeville 🔗 MORE FROM BIGDEAL: 🎥 Youtube: https://www.youtube.com/@podcastbigdeal 📸 Instagram: https://www.instagram.com/bigdeal.podcast/ 📽️ TikTok: https://www.tiktok.com/@big.deal.pod Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	He was a hedge fund manager, an entrepreneur. He's written over 20 books.
0:03.0	Sold companies for tens of millions of dollars a few times.
0:06.0	I remember going to the ATM machine looking at the same account that once had $15 million
0:10.5	in it and had $193 left.
0:12.9	Everybody was coming up to me saying, no one's going to invest with you ever again.
0:16.3	Like you're admitting these failures.
0:17.9	Do we prefer a world where everyone is lying or do we prefer a world where everyone's just open and honest with each other? Am I ever going to come back from this? Am I ever
0:24.8	going to be able to rent an apartment again, feed my kids again? I would Google how I could
0:30.3	I myself without hurting myself. Bring the band in Woo!
0:38.2	Let's go!
0:40.3	I've been a fan of the next guest of the pod for years, actually.
0:44.3	He's written, I don't know how many books, 20 by now.
0:46.8	He was a hedge fund manager, an entrepreneur,
0:49.3	sold companies for tens of millions of dollars a few times,
0:53.0	and has a list of a million accomplishments that goes on.
0:56.8	A couple of them that are fun is like Grand Master, Chess Master?
1:02.5	Chess Master.
1:03.7	Chess Master.
1:04.4	Chessmaster.
1:05.2	This shows you how much I know about chess.
1:05.4	Not quite as strong as Grandmaster.
1:08.5	Chess Master comedian.
	...

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