Whether you’re looking to increase your income, start a side business, or completely transform your financial future, Codie Sanchez will break down exactly what separates those who successfully build wealth from those who stay stuck. This conversation is packed with immediately actionable insights covering the biggest myths around money, the difference between acquiring and keeping money, the rich versus broke mindset and how it changes everything, non obvious lessons on negotiating, and more. Plus, we talk about the single most important thing to know about building financial freedom—and it’s not what you think it is.
Available now: YouTube | Apple Podcasts | Spotify | Transcript
After spending nearly two decades on Wall Street, Codie Sanchez struck out on her own and has been buying and investing in businesses since 2012. She now runs a holding company of small and medium-sized businesses. Her unique focus is on “boring businesses” like laundromats and lawn care services. Sanchez is also the author of Main Street Millionaire: How to Make Extraordinary Wealth in Ordinary Businesses.
Timestamps:
00:00 Introduction
01:48 Codie Sanchez’s Journey to Business Acquisition
03:21 Understanding the Language of Money
06:06 The Importance of Financial Freedom
15:12 Learning and Earning in Your 20s
16:32 The Power of Proximity and Mentorship
27:37 The Role of Effort and Determination in Success
38:45 Lessons from Business Failures
43:22 Mastering Business Focus and Layering
45:31 Misconceptions About Money
47:21 Saving vs. Earning: A Financial Perspective
50:57 The Rich vs. Broke Mindset
52:24 Allies vs. Friends in Success
01:08:04 The Importance of Reputation
01:19:41 Negotiation and Sales Skills
01:22:40 The Art of Door Knocking
01:24:07 Defining Good and Bad Businesses
01:25:26 Identifying Business Problems
01:26:57 Hiring the Right People
01:41:57 Traits of High Performers
01:45:42 Balancing Work and Personal Life
01:56:37 Investing as a W2 Employee
