Codie Sanchez: Boring businesses beat your paycheck

ℹ️ EPISODE INFO

Released

August 12, 2024

Duration

2h 3m

Channel

The Diary of a CEO

Watch on YouTube

▶ Open ↗

📝 EPISODE DESCRIPTION

Codie Sanchez is the founder and CEO of ‘Contrarian Thinking’, a company and newsletter that provides financial advice with over 2.5 million subscribers. She is also the author of the book, ‘Main Street Millionaire: How to Make Extraordinary Wealth Buying Ordinary Businesses’. 00:00 Intro 02:28 Who Do You Want to Help Build Wealth? 04:08 Why Your Message Really Matters 06:16 How to Make More Money and Why It Counts 07:50 Who Is Codie Sanchez? 09:20 Top Advice for 20-Year-Olds 11:41 Why You Must Work Harder in Your 20s 13:05 How People Actually Make Money 16:23 How to Attract Wealth 18:53 Dealing With Money Imposter Syndrome 21:25 Money and Gender: Key Differences 22:51 Is Money a Masculine Thing? 24:05 Building Wealth From Scratch 26:40 How to Get a Rich Person’s Attention 33:37 What to Do When You’re Starting Out 35:52 Best Behaviors for Job Interviews 39:10 Ask This to Make Employees More Money 44:41 Salary vs. Owning a Business: Get Rich 45:56 Where Should You Invest Your Money? 50:54 3 Smart Ways to Buy a Business 55:28 What’s the Banister Effect? 57:55 The One Skill for Major Success 01:05:53 Why Obsessed People Win 01:09:26 What’s a Drug Gateway Business? 01:11:36 Buying “Boring” Businesses 01:14:49 How to Avoid Bad Deals 01:16:08 Where to Find Profitable Businesses 01:19:30 Best Hacks to Own a Business Cheaply 01:21:22 Is Your Business Failing? Fix It Now 01:28:14 Why Retention Is Key in Business 01:35:49 Turn Contacts Into Business Partners 01:41:07 Cross-Pollination for Business Growth 01:48:30 Ways to Maximize Your Income 01:54:01 The Book You Need for Deals 01:55:53 The Last Guest Question Are you ready to think like a CEO? Gain access to the 100 CEOs newsletter here: ⁠https://bit.ly/100-ceos-newsletter Follow Codie: Instagram - https://g2ul0.app.link/1dB66BF8ULb Twitter - https://g2ul0.app.link/sSA2yxI8ULb YouTube - https://g2ul0.app.link/v85ploYE3Lb You can pre-order Codie’s book, ‘Main Street Millionaire’, here: https://g2ul0.app.link/DbLLh1N8ULb You can learn more about the 130+ businesses you could purchase using Codie’s investing framework, here: https://g2ul0.app.link/Nz9JXw18ULb You can purchase the The Diary Of A CEO Conversation Cards: Second Edition, here: https://g2ul0.app.link/f31dsUttKKb Follow me: https://g2ul0.app.link/gnGqL4IsKKb Sponsors: NordVPN - https://nordvpn.com/doac discount + 4 extra months for free on your 2-year plan Linkedin Jobs: https://www.linkedin.com/doac

🎤 SPEAKERS

• Steven Bartlett

  host

• Codie Sanchez

  guest

• Narrator

  other

🧾 EPISODE SUMMARY

In this episode of The Diary of a CEO, featuring Steven Bartlett and Codie Sanchez, Codie Sanchez: Boring businesses beat your paycheck explores codie Sanchez Reveals Real Path From Zero Cash To Ownership Millions Codie Sanchez argues that true freedom comes from ownership, not salary alone, and that most people dramatically underestimate how accessible business ownership is if they’re willing to work hard and learn. Drawing on her journey from Wall Street to multimillionaire entrepreneur, she outlines a playbook: apprentice under successful operators, maximize income, and then acquire or build simple, cash-flowing ‘boring businesses.’

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