The Game Changing Attorney Podcast with Michael Mogill 249. Codie Sanchez — Maximizing Income: Strategies for Achieving Financial Freedom
Can calculated decisions lead to true financial freedom, or is it all just wishful thinking? Prepare to discover how one entrepreneur turned a series of sound yet lucrative investments into a multimillion-dollar empire.
Meet Codie Sanchez, a finance maven who's on a mission to create financially free and free-thinking humans. As the Founder & CEO of Contrarian Thinking — one of the fastest-growing financial media businesses in the nation — she's helped thousands of entrepreneurs grow, buy, and sell profitable businesses.
In this episode of The Game Changing Attorney Podcast, Codie and Michael Mogill discuss:
- The three realms of income — and how to maximize all of them
- Why the path less traveled isn’t always the best one to take
- How to set yourself up for success in buying or selling your law firm
- And more!
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Show Notes:
03:56 – Why Codie is obsessed with people getting ownership
07:53 – Why you need to stop chasing unicorns
13:37 – How to buy your first business
15:47 – How to determine if you’re cut out for entrepreneurship
18:14 – Why you should pick the path MORE traveled
20:43 – The criteria of a good investment vs. a bad one
24:08 – How to make your law firm investable
27:12 – The differences between cashflow and cashsuck businesses
31:14 – Why making money and keeping money are two different things
33:45 – How to effectively work with your spouse
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Links & Resources
- Contrarian Thinking
- Contrarian Community
- Forbes
- Episode 151 of The Game Changing Attorney Podcast with Bill Perkins
- The FIRE Movement
- The FatFIRE Movement
- Maslow’s Hierarchy of Needs
- Henry David Thoreau
- The 7 Horsemen of the Great Sell-Off
- Warren Buffett
- How To Build A Business That Will Sell For Millions (12-Month Plan)
- Cashflow Businesses vs. Cashsuck Businesses
- Exxon
- Morgan Housel
- The Psychology of Money (Book)
- Contrarian Thinking’s Small Biz Buyer Insights Report 2024
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Past guests on The Game Changing Attorney Podcast include: David Goggins, John Morgan, Alex Hormozi, Randi McGinn, Kim Scott, Chris Voss, Kevin O’Leary, Laura Wasser, John Maxwell, Mark Lanier, Robert Greene, and many more.
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If you enjoyed this episode, you may also like:
- #151 Bill Perkins — Die With Zero: Getting All You Can From Your Money and Your Life
- #223 Chad Willardson — Achieving Financial Freedom: Strategies for Building Abundant Wealth
- #201 AMMA — Take the Stairs: The REAL Path to Growth