BigDeal

The Harsh Truth: Why You’ll NEVER Make Money!

Oct 22, 2024

Explore the hard truths of financial freedom and the importance of mastering your relationship with money. Discover why mindset and sacrifice are crucial for wealth-building. Learn practical strategies like inversion thinking and the Pareto principle to boost your financial success. Codie shares her journey and insights on leaving your hometown for greater opportunities. Embrace personal growth and adaptive strategies to transform your financial future.

37:49

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Episode notes

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Quick takeaways

Understanding your relationship with money and the sacrifices needed is essential for achieving true financial freedom.

Having a compelling motivation drives individuals to overcome obstacles and make meaningful sacrifices towards wealth accumulation.

Deep dives

Trusting Yourself Over Institutions

There is a growing concern about the relationship individuals have with money, particularly in light of stagnating wages and increasing productivity. Despite the role of financial institutions like banks and the Fed, many people find themselves doing more yet earning less. This creates a cultural belief that one should not rely on these institutions but rather on personal trust and the sacrifices necessary to achieve financial goals. Developing a strong personal relationship with money and understanding what sacrifices you are willing to make is crucial for achieving true financial freedom.

Intro

2min

Bridging Productivity and Financial Success

9min

Defining Desires for Financial Freedom

8min

Perseverance and Adaptability in Career Growth

7min

Strategies for Financial Growth and Personal Development

8min

The Impact of Hometown Environment on Success

2min

Embracing Growth for Financial Freedom

2min

In this episode of the Big Deal Podcast, Codie Sanchez dives deep into the principles of financial freedom and how to truly achieve wealth. It's not just about making money – it's about mastering your relationship with it and understanding the sacrifices it requires. Codie shares her personal journey, hard-hitting truths, and actionable frameworks to help you start building wealth today. Whether you're just starting out or looking to level up, this episode will equip you with the mindset and tactics needed to take control of your financial future.

00:00:00 - Welcome to the Big Deal Podcast

00:00:37 - Framework to start building wealth

00:01:10 - The importance of your relationship with money

00:03:12 - Why people don’t make money: Sacrifice and mindset

00:05:30 - Overcoming obstacles in your financial journey

00:08:14 - Understanding the language of money and deal-making

00:12:00 - Avoiding mistakes through inversion thinking

00:18:45 - The Pareto principle and focusing on high-impact actions

00:25:00 - How to apply compounding to your skills and wealth

00:32:45 - The five-step process to financial success

00:36:52 - Why leaving your hometown could be key to your growth

00:37:30 - Closing thoughts and encouragement