The Money Expert: They're Lying to You—Academic Skills Don't Translate to a Stable Career...

ℹ️ EPISODE INFO

Released

December 2, 2024

Duration

1h 30m

Channel

Jay Shetty Podcast

Watch on YouTube

▶ Open ↗

📝 EPISODE DESCRIPTION

Finance expert and author of “Main Street Millionaire”, Codie Sanchez, exposes why conventional money advice is wrong and shares the secret wealth-building strategy that created today's millionaires. Stop following bad advice and learn how wealth is ACTUALLY built. This may be the most valuable financial education you'll ever get. In this interview, we discuss: 00:00 Intro 01:57 What Makes Rich People Rich? 04:40 The Reason Why People Don’t Talk About Money 06:30 Where Are We At Financially? 09:50 Misconceptions About What Makes Money 13:00 4-Step Process to Consistently Make Money 14:47 Academic Skills Don’t Translate to a Stable Career 17:44 Do You Need Money to Make Money? 23:06 The Key to Wealth is Taking Risks 26:48 We Can All Get Rich Together 32:52 Focus on the Foundation, not Tactics 35:28 You’ll Make Less Money if You Think You Will 36:57 Learn To Ask the Right Questions 43:57 The Best Mentorship Advice 49:06 You Can Make Money From Anything 52:33 The Richest People Started Small 54:19 What Core Business Skills You Should Invest In 01:00:16 Recognize Your Value to Get Better Deals 01:10:21 Every Business has a Value 01:13:49 Are You Bad at Math 01:17:47 Codie on Final Five Episode Resources: https://codiesanchez.com/ https://www.youtube.com/@UC5fI3kxC-ewZ6ZXEYgznM7g https://www.instagram.com/codiesanchez https://www.facebook.com/codiesanchezbiz/ https://www.tiktok.com/@realcodiesanchez https://www.linkedin.com/in/codiesanchez/ https://www.amazon.com/Main-Street-Millionaire-Extraordinary-Businesses/dp/0593718615 https://www.instagram.com/jayshetty/ https://www.facebook.com/jayshetty/ https://x.com/jayshetty https://www.linkedin.com/in/shettyjay/ https://www.youtube.com/@JayShettyPodcast http://jayshetty.me

🎤 SPEAKERS

• Codie Sanchez

  guest

  Investor and entrepreneur known for buying and teaching acquisition of cash-flowing “Main Street” small businesses.

• Jay Shetty

  host

  Host of the On Purpose podcast and former monk focused on wellbeing and personal growth.

🧾 EPISODE SUMMARY

In this episode of Jay Shetty Podcast, featuring Codie Sanchez and Jay Shetty, The Money Expert: They're Lying to You—Academic Skills Don't Translate to a Stable Career... explores Codie Sanchez Explains Ownership, Deal-Making, and Boring Businesses as Paths to Wealth Codie Sanchez argues that wealth follows ownership, citing data that 70% of millionaires are self-made and 68% hold some form of business ownership, and that people should learn the language of money instead of following their passion.

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