The #1 Money Lesson School Failed To Teach You [Escape The Rate Race] | Codie Sanchez PT 1

Tom Bilyeu's Impact Theory

Impact Theory

Business, News Commentary, News

4.7 • 5.2K Ratings

🗓️ 26 September 2023

⏱️ 86 minutes

🔗️ Recording | iTunes | RSS

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Summary

Are you ready to become impossible to ignore? To achieve unmatched success and financial freedom, it's never about where you start, it's about your journey to acquire skills and the ideas you choose to invest in. In today’s episode we explore the mind of Codie Sanchez, a successful business investor and entrepreneur who has built top-tier success turning “boring” companies into a financial empire. In this two-part episode you’ll discover what broke Codie away from small thinking to create a life of wealth and prosperity. She believes that the difference between being broke and being a billionaire is a set of ideas. Through her unique perspective and strategies, she provides an instruction manual for success that you can apply in your own life. “I don't acquire money because I want Lamborghinis and fancy things. I do it because I think it is a way to freedom, because it is a tool for power.” -Codie Sanchez If you're interested in mindset, entrepreneurship, building wealth, and creating a successful business, this episode is a must-watch. Get ready to rewrite your instruction manual for success with Codie Sanchez on Impact Theory. Follow Codie Sanchez: Website: https://www.codiesanchez.com/ YouTube: https://www.youtube.com/@CodieSanchezCT Twitter: https://twitter.com/codie_sanchez Instagram: https://www.instagram.com/codiesanchez/ SPONSORS: Visit https://bit.ly/WildHealthImpact to apply for membership for a better alternative to traditional healthcare. Get 5 free AG1 Travel Packs and a FREE 1 year supply of Vitamin D with your first purchase at https://bit.ly/AG1Impact. Right now, Kajabi is offering a 30-day free trial to start your own business if you go to https://bit.ly/Kajabi-Impact. Head to www.insidetracker.com and use code “IMPACTTHEORY” to get 20% off! Learn a new language and get 55% off at https://bit.ly/BabbelImpact. Try NordVPN risk-free with a 30-day money-back guarantee by going to https://bit.ly/NordVPNImpact Give online therapy a try at https://bit.ly/BetterhelpImpact and get on your way to being your best self. Go to https://bit.ly/PlungeImpact and use code IMPACT to get $150 off your incredible cold plunge tub today. ***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. Want to transform your health, sharpen your mindset, improve your relationship, or conquer the business world? This is your epicenter of greatness. This is not for the faint of heart. This is for those who dare to learn obsessively, every day, day after day. * New episodes delivered ad-free * Unlock the gates to a treasure trove of wisdom from inspiring guests like Andrew Huberman, Mel Robbins, Hal Elrod, Matthew McConaughey, and many, many, more * Exclusive access to Tom’s AMAs, keynote speeches, and suggestions from his personal reading list * You’ll also get access to an 5 additional podcasts with hundreds of archived Impact Theory episodes, meticulously curated into themed playlists covering health, mindset, business, relationships, and more: *Legendary Mindset: Mindset & Self-Improvement *Money Mindset: Business & Finance *Relationship Theory: Relationships *Health Theory: Mental & Physical Health *Power Ups: Weekly Doses of Short Motivational Quotes *****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	If you're going to achieve outsized success, you have to get so good you're impossible to ignore.
0:05.3	This requires an obsession with skill acquisition.
0:08.3	No one starts out great, you become great.
0:10.9	As today's guest says, the difference between you being broke and being a billionaire is just a set of ideas.
0:16.9	Understanding which ideas to invest in, which to discard, and how to achieve financial freedom
0:22.4	through your own actions. To that end, I bring you Cody Sanchez, the woman with an instruction
0:28.0	manual for success. What do people need to know about how the world really works and how you
0:35.3	went from being a underpaid journalist to buying a portfolio of small,
0:41.6	what you call boring businesses that now kick off just under $100 million in annual revenue to you.
0:50.2	Business in general, especially small business, gets way over complicated.
0:56.5	So we hear these stories of Silicon Valley billionaires who have exited these giant tech companies and built this next social
1:01.6	app or Tesla. And in reality, your richest neighbor, maybe not in this neighborhood, but in most
1:07.5	neighborhoods is probably somebody who owns a plumbing company, somebody who owns a local
1:11.8	landscaping company. The community all around you, the services you use every day can make you a lot of
1:18.5	cash. And what makes real change is that, you know, money is the architect first change in our
1:23.4	world. You want to get somebody elected? Money. You want to change your local community? Money.
1:27.7	You want to have different zoning so you can change the businesses in your local area,
1:31.5	money. And so I don't acquire money because I want Lamborghinis and fancy things. I do it because
1:37.6	I think it is a way to freedom because it is a tool for power. I mean, when I first had money was when I made like $30,000 when I left
1:48.1	college. I mean, I made no money at a college, and I thought I was super rich and I might never
1:52.8	have to work again. And then I heard about taxes and figured that out. But quickly, I realized that, you know, I worked at a big company called Vanguard at the time.
2:05.4	And Vanguard was the world's largest financial manager.
	...

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