“It’s So Easy!” Money Expert Exposes The #1 Way To Get Rich In 2025 | Codie Sanchez

The Iced Coffee Hour

Graham Stephan/Jack Selby

Entrepreneurship, Business

4.6 • 679 Ratings

🗓️ 18 November 2024

⏱️ 94 minutes

🔗️ Recording | iTunes | RSS

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Summary

ZocDoc: ZocDoc: Go to https://www.zocdoc.com/ICED and download the Zocdoc App for FREE SelectQuote: Get the RIGHT life insurance for YOU, for LESS, at https://selectquote.com/ich Shopify: Sign up for a $1 per month trial period at https://shopify.com/ich Subscribe To @CodieSanchezCT Here NEW: Join us at http://www.icedcoffeehour.club for premium content - Enjoy! Add us on Instagram: https://www.instagram.com/jlsselby https://www.instagram.com/gpstephan Official Clips Channel: https://www.youtube.com/channel/UCeBQ24VfikOriqSdKtomh0w For sponsorships or business inquiries reach out to: [email protected] For Podcast Inquiries, please DM @icedcoffeehour on Instagram! Timestamps : 00:00:00 - Intro 00:01:08 - Her Story 00:03:47 - Money misconceptions 00:04:36 - Controversial takes on money 00:05:40 - Why are rich people seen as evil? 00:06:45 - Sacrificing morals 00:10:10 - Being a woman in finance 00:13:55 - Sponsor - Zocdoc 00:15:28 - Generational mindset differences 00:17:14 - More controversial truths about money 00:18:28 - On Starbucks 00:21:32 - Erewhon and trendy companies 00:22:59 - Opportunities and predictions for 2025 00:27:15 - Downsides to a Trump economy 00:31:19 - Harm in hustle culture? 00:33:11 - How W2 workers can get wealthy 00:34:14 - Sponsor - SelectQuote 00:34:40 - Is AI overhyped? 00:36:20 - Businesses to buy in 2025 00:37:20 - How to find good businesses to buy 00:42:39 - Businesses to avoid 00:45:01 - Is real estate a business? 00:46:49 - Biggest failure 00:50:08 - How to tell if someone is lying 00:54:15 - Green flags in people 00:57:13 - Predicting success or failure 00:58:03 - How people change from broke to rich 00:59:13 - Are rich people happier? 01:02:56 - Sponsor - Shopify 01:03:44 - What are you chasing in life? 01:06:17 - Big issues no one talks about 01:14:32 - Speculation on robots 01:15:59 - Thoughts on regulation 01:19:40 - Where do you invest your money? 01:21:54 - Taking income or reinvesting in business 01:24:58 - Reverse tax bracket 01:27:03 - Hypotheticals 01:29:46 - Biggest fear 01:31:05 - Non-financial advice 01:32:03 - Selling something you dislike *Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Does it ever feel like you're a marketing professional just speaking into the void?
0:05.4	Well, with LinkedIn ads, you can know you're reaching the right decision makers. You can even
0:09.5	target them by job title, industry, company, role, seniority, skills, company revenue and
0:15.5	do I say job title yet? Get started today and see how you can avoid the void and reach the right buyers with
0:21.4	LinkedIn ads. To get 100 pounds of your first campaign, go to LinkedIn.com slash lead to claim
0:27.2	your credit. Terms and conditions apply. I didn't have money. I wanted more of it. And I felt like
0:32.6	when you had more money, you got to push back. I wanted to be able to make so much that it made other people uncomfortable.
0:40.8	And so for that reason, I obsessed on this idea of like, how do I get more financial freedom?
0:45.0	Probably shouldn't have me in the club at Wall Street. I used to think that you had to be really smart.
0:49.4	You had to have really big ideas in order to make a lot of money. And I don't think that's true at all.
0:53.5	It's move fast, take a lot of risk, learn from that risk continuously. I think it's risk that
0:58.6	makes you money, not save that makes you money. What does some of the misconceptions that people
1:03.1	have about money? The most controversial take about money these days is that it's actually good
1:06.9	if you haven't. If you're young today, you have such an unfair advantage. It's never been
1:11.6	easier to start a business. A Trump economy is really good for people who have not made their
1:16.4	money yet. If you want to make money today with a high degree of certainty, you want to go.
1:26.2	Cody, thank you so much for coming on the iced coffee hour. Really appreciate it. Thanks for having me.
1:30.0	Yeah. So for those who are not familiar with who you are, what you do, could you explain it in a few minutes?
1:34.7	Started off on Wall Street. Kind of consider myself a reformed journalist and investor.
1:40.0	Spent 12 years learning on big corporate floors how to invest from Goldman Sachs to State Street to
1:46.5	Vanguard to finally running my own division and then country at a company called First Trust.
1:52.2	We built up a billion dollars in assets under management firm in Latin America, but that all started
	...

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