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In this episode, Codie Sanchez and Bill Perkins explore the intricate relationship between ego and wealth LIVE, emphasizing how our ego can hinder financial success. They discuss the importance of speed in decision-making and how taking risks is often more about managing ego than financial loss. They delve into team dynamics, highlighting the roles of visionaries and executors in business.
Perkins shares insights on maximizing time and money, the necessity of aligning family goals with business ambitions, and the challenges of delegation and the importance of finding the right operators in business ventures.
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Chapters
00:00: Ego and Wealth: The Hidden Connection
02:50: The Importance of Speed in Decision Making
06:11: Risk: Ego vs. Financial Reality
09:04: Building Teams: The Role of Visionaries and Executors
11:52: Peak Utility of Time and Money
15:08: Aligning Family and Business Goals
17:54: Navigating Business Opportunities
23:57: The Depth of Personal Investment
24:57: Defining Personal Success and Fulfillment
25:56: Balancing Wealth and Life Experiences
27:46: The Importance of Shared Experiences
29:59: The Role of Wealth in Enjoying Life
31:11: Evolving Philosophies on Wealth and Fulfillment
32:10: The Power of Subtraction in Life
34:02: Finding and Managing Operators
36:10: Balancing Ego and Delegation
38:20: Taking Risks and Going Big
41:12: Memorable Investments and Experiences
44:01: Identifying Key Ingredients in People
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