On Purpose with Jay Shetty

Codie Sanchez: How to Make Money if You Don’t Have Money (4 Step Process to Make Money Today)

244 snips
Dec 2, 2024
Codie Sanchez, a powerhouse entrepreneur and founder of Contrarian Thinking, shares her journey from finance to empowering others in wealth-building through unconventional investments. She reveals how to start making money without savings by focusing on overlooked businesses like laundromats and vending machines. Codie emphasizes the importance of learning the language of money, cultivating grit, and maintaining a curious mindset. Together with Jay, they discuss practical steps for navigating risk and recognizing valuable opportunities in today’s market.
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ADVICE

Focus on Ownership

  • If you want to make money, follow the math, not just your passion.
  • Focus on ownership, as most millionaires are self-made and have some form of business ownership.
INSIGHT

Learn Money's Language

  • Ownership is key to financial freedom, but it doesn't necessitate entrepreneurship.
  • Learn the language of money to empower yourself and gain control over your financial life.
ADVICE

Four-Step Process

  • Focus on learning, increasing your skills, and then increasing your income.
  • Investing should come after these initial steps; prioritize skill development and income growth.
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