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BigDeal by Codie SanchezBigDeal by Codie Sanchez

How to Speak with the Richest 1%

My new book Own Or Be Owned is out now! I wrote Own or Be Owned to answer one question: how do you make more money, less miserably?

Codie Sanchezhost
Jul 6, 202619mWatch on YouTube

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At a glance

WHAT IT’S REALLY ABOUT

REAL framework for earning trust, truth, and access to the 1%

  1. Codie Sanchez presents a framework she calls REAL—Respect, Earn, Ask, Live—for building relationships with highly successful people and operating effectively as influence or success increases.
  2. She says the key to accessing and staying in “big rooms” is respecting time and building relationship capital through value-first deposits, not rapid-fire asks and favors.
  3. She argues trust is most reliably earned by showing support during someone’s hardest moments without immediately turning it into a transaction.
  4. She describes how power and success reduce the truth available to leaders by increasing flattery and softening bad news, and she suggests engineering specific channels for honest feedback.
  5. She emphasizes “living in reality” by creating systems and habits that surface unpolished frontline information, including direct checks against numbers and firsthand conversations with customers and staff.

IDEAS WORTH REMEMBERING

5 ideas

Most networking advice stops working as soon as the other person has real leverage.

She argues that common “meet everyone, ask for help” networking tactics can work when you have nothing, but they backfire with high-demand people because everyone is asking them for something.

Treat relationship-building like managing relationship capital: deposits must come before withdrawals.

She frames relationships as a bank account: value you give is a deposit, and favors/introductions/“quick pick your brain” requests are withdrawals; many people go negative immediately and then wonder why calls don’t get returned.

Never make introductions without permission—“double opt-in or die.”

She says an unsolicited introduction spends someone else’s time and reputation and can permanently damage trust; her rule is to always get permission from both sides before connecting them.

Earn trust by showing up during the “fire,” then disappearing without extracting value.

She claims trust is remembered most on someone’s worst day, not their best; she describes showing support during public hardship and then not following up with an ask as a way to earn lasting loyalty.

To avoid being flattered into bad decisions, explicitly invite and reward dissent.

She describes how success attracts agreement and discourages “no,” creating rooms of sycophants; she intentionally asks people to critique her ideas (“tell me why this is wrong”) and rewards honest pushback.

WORDS WORTH SAVING

5 quotes

Nobody in the 1% got there by being the smartest person in the room. They got there by being the dumbest first.

— Codie Sanchez

The value that you deposit minus the favor you withdraw equals how much relationship capital you have.

— Codie Sanchez

If you wanna get into big rooms, stay there, and get re-invited, never make an introduction without permission ever. Ever, ever. Double opt-in or die.

— Codie Sanchez

Powerful people never, ever forget who showed up while it was on fire. Like, everyone can clap at a win. A loss is the only thing that tells you who's real.

— Codie Sanchez

If everyone who disagrees with you starts to feel like the problem, I've got bad news about who the problem actually is: you.

— Codie Sanchez

Read the available transcript
Respecting wealthy people’s timeNetworking vs. leverage dynamicsRelationship capital (deposits vs. withdrawals)Double opt-in introductionsTrust built during public hardshipPower, flattery, and sycophantsEngineering honest feedback channels (Machiavelli example)

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SPEAKERS

  • Codie Sanchez

    host

    Entrepreneur and host of BigDeal by Codie Sanchez.

High quality AI-generated summary created from speaker-labeled transcript.

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