Moment 137: Finance Isn’t Rocket Science! The 2 Simple Skills Billionaires Use Everyday: Codie Sanchez

The Diary Of A CEO with Steven Bartlett

FlightStory

Society & Culture, Business, Education

4.6 • 13.2K Ratings

🗓️ 24 November 2023

⏱️ 19 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this moment, investor and financial educator, Codie Sanchez discusses the first steps in understanding the game of finance and deals. Codie says herself that she is no financial genius, however with her background as a journalist, she is able to right the ask right questions to the right people in order to get the right answers. Through this she was able to infiltrate the world of finance and saw behind the curtain. Codie realised there is no difference between a $100 million deal and a $100,000 deal, all were just slight larger steps up the ladder. To see behind the curtain, Codie believes there are 2 key skills people need to realise: firstly, learn how to do deals, which is not complex but only made to seem complicated through financial language. Secondly, understanding the importance of connecting with the right people, online or IRL who can give you all the information you need about the business you are entering. Finally, Codie believes that we never actually sell anyone anything or convince them to do anything, but instead you connect with what people are already truly feeling. Listen to the full episode here - https://g2ul0.app.link/gOvSMoV4XEb Watch the Episodes On Youtube - https://www.youtube.com/c/%20TheDiaryOfACEO/videos Codie: https://www.codiesanchez.com https://www.instagram.com/codiesanchez/ https://www.youtube.com/@CodieSanchezCT Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:30.0	Teas and see supply. Unfinated by the first step people take because the first step seems to be the
0:36.2	hardest that first step to buying that first business and you're stepping out into
0:42.0	uncertainty in the unknown there.
0:43.6	You know, if I could give one thing to the audiences that have listened to me for the last
0:47.0	10 years on social media and on this podcast, it would just be the answer to taking that first step like out into like you did at 2930 to buy that first business.
0:58.3	Talk to me about specifically that first one.
1:00.5	What were you looking for?
1:02.1	What was your thesis and I guess how did you learn how did you learn how
1:07.4	did you learn about buying as you call them boring businesses yeah well had a benefit, which is as a journalist, I sort of infiltrated finance.
1:17.4	I'm not technically as intelligent.
1:20.2	You know, I'm not as, I'm not a financial modeling guru. I'm not a lot of things that people are in finance, but I'm pretty
1:25.1	decent at asking questions and then figuring out who are the right people that could get me
1:28.6	the answers. And so what I realized pretty quickly is we were doing a bunch of deals.
1:32.8	You know, I was doing deals that were tens of millions, hundreds of millions, and billion dollar
1:36.4	deals.
1:37.4	And I don't know why it took me so long, but I realized there's no difference, like
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