Navigating the Quadrant of Risk and Reward in Wealth Building

How do you track your spending?

What’s the easiest way for you to save money?

Today, Jay welcomes back Codie Sanchez, entrepreneur, investor, and founder of Contrarian Thinking, to share the mindset shifts needed to thrive financially in today’s world. Codie explains why renting can sometimes be the smarter move, how to negotiate with confidence, and why mastering the language of money, from credit scores to strategic debt, is essential before you can build real wealth. Together, Jay and Codie debunk the myths of financial literacy, showing that clarity and confidence matter far more than complicated strategies.

This conversation takes an honest look at what it really takes to make money in a tough economy, whether that’s launching a side hustle without quitting your job or spotting opportunities that others overlook when markets are down. Codie highlights that building wealth isn’t about chasing trends or quick wins, but about making disciplined decisions, managing risk with intention, and turning problems into possibilities. Together, Jay and Codie also discuss how to grow within your career by understanding your true value, negotiating with confidence, and recognizing that profit and purpose don’t have to compete, they can align in practical, meaningful ways.

In this interview, you'll learn:

How to Negotiate Your Rent and Save More

How to Use Credit the Right Way to Build Wealth

How to Start a Business With Little to No Money

How to Keep Your Job and Still Grow a Side Hustle

How to Turn Problems Into Profitable Opportunities

How to Talk About Money in Relationships

How to Invest Your First $1,000 Wisely

Growth doesn’t come from getting everything right, it comes from learning, experimenting, and treating challenges as opportunities. With curiosity and courage, even problems can become stepping stones forward.

With Love and Gratitude,

Jay Shetty

What We Discuss:

00:00 Intro

02:03 The Best Time to Build Wealth

05:26 Should People Own Homes Anymore?

06:21 Are You Financially Literate?

08:48 Simple Steps to Financial Freedom

12:54 How Much Money Do You Really Need to Start a Business?

15:57 The Three Qualities of a Great CEO

18:05 How to Increase Your Value as an Employee

21:01 The Path to Growth Inside a Company

25:05 The Truth About Hustle Culture

27:29 Passive Income: Real or Myth?

28:48 Why You Shouldn’t Turn Every Passion Into Profit

31:30 What Sets Top Performers Apart

35:10 The Fixer vs. The Freeloader Mindset

38:50 How to Choose the Right Leader to Learn From

40:42 The Power of Surrounding Yourself With the Right People

44:00 Setting Expectations That Lead to Success

48:52 The Lipstick Theory of Recessions

52:01 The Link Between Money and Dating

55:22 How to See Money as a Tool, Not a Goal

59:31 Who Should Really Pay on the First Date?

01:04:15 Understanding Negative Feminine Energy

01:07:49 Why Discussing a Prenup Can Strengthen Relationships

01:11:10 What Makes a Strong and Lasting Partnership

01:14:26 Should You Get Into Business With Your Partner?

01:18:52 What Makes a Deal Truly Great

01:22:52 Why Investing in Yourself Comes First

01:25:06 Investing 101: The Basics You Need to Know

01:26:44 Stocks vs. Bonds: What’s the Difference?

01:27:46 The Next Level of Investing Explained

01:30:39 The #1 Thing People Waste Money On

Episode Resources:

Codie Sanchez | Website

Codie Sanchez | YouTube

Codie Sanchez | Instagram

Codie Sanchez | Facebook

Codie Sanchez | TikTok

Codie Sanchez | LinkedIn

Contrarian Thinking

Main Street Millionaire: How to Make Extraordinary Wealth Buying Ordinary Businesses

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