The Way I Heard It with Mike Rowe

439: Codie Sanchez Wants to Make You Financially Free

21 snips
Jun 10, 2025
Codie Sanchez, a New York Times bestselling author and entrepreneur, shares her journey from Wall Street to blue-collar business ownership. She discusses the importance of financial independence and challenges traditional definitions of success, emphasizing blue-collar trades. Codie explores the modern financial landscape, advocating for investment in 'boring' cash-flow businesses. With insights on the entrepreneurial mindset and a humorous take on struggles in dirty jobs, she inspires listeners to embrace unconventional paths to financial freedom.
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INSIGHT

Wall Street Glamour vs Real Business

  • Wall Street glamor is oversold, and real happiness is often found outside screen-based work.
  • Private equity investors prosper by buying real, blue-collar businesses, not tech startups.
ANECDOTE

Early Laundromat Purchase

  • Codie bought her first laundromat in her early 20s for $100K to escape the corporate finance grind.
  • She found the laundromat a smelly, unglamorous place but used it as a gateway into entrepreneurship.
ADVICE

Partner Up to Start Business

  • You don't need to know everything to start a business; sometimes the answer is finding the right partner.
  • Buying a business can be a viable alternative to starting a startup from scratch.
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