The Money Expert: From $0 to Millions In 2 Years Without Any Hard Work!: Codie Sanchez
Jun 22, 2023
01:37:58
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Quick takeaways
Shifting mindset from scarcity to abundance is crucial for achieving financial freedom.
Leveraging existing skills and embracing unconventional solutions can accelerate the path to financial freedom.
Breaking the frame and exploring new possibilities is essential to escaping the confines of a job.
Having a mission bigger than oneself and seeking mentorship are key factors in building long-term wealth.
Deep dives
Importance of Belief and Mindset
Many people fail to reach financial freedom due to psychological barriers and limiting beliefs surrounding money. The emotional attachment to money often leads to irresponsible financial behavior, such as overspending or reckless gambling. It is crucial to shift mindset from scarcity to abundance and believe in one's capability to create wealth. Seeing behind the curtain, understanding the possibilities, and breaking the frame can open doors to new opportunities for financial success. Surrounding yourself with successful individuals and seeking mentors who can guide you in the right direction is vital in achieving financial freedom.
The Power of Finding an Unfair Advantage
When aiming for financial freedom, it is important to leverage your existing skills and unfair advantages. Rather than sticking to traditional business models, think creatively and identify areas where you can turn expenses into assets. For example, collaborating with studios as a content creator to generate revenue and potentially even acquire equity in the business. By finding the right partnerships and embracing unconventional solutions, you can accelerate your path to financial freedom and build long-term wealth.
Breaking the Frame and Thinking Big
To escape the confines of a job and embrace financial freedom, it is essential to break the frame and explore new possibilities. Instead of focusing on incremental steps, consider how you could achieve your goal in a fraction of the time. Engage in deep thinking and come up with innovative and transformative ideas that could propel you forward. Understanding the power of time and relentless pursuit of goals can unlock remarkable financial success and lead to a brighter future.
The Mindset and Traits of Successful Billionaires
Successful billionaires often possess a mission that is bigger than themselves, which drives them to persist through the challenges of building wealth. They have a relentless pursuit of their goals, overcoming the highs and lows of entrepreneurship. Additionally, they tend to have a strong belief in their ability to create wealth and make an impact. Seeking mentors and surrounding themselves with individuals who have achieved remarkable success plays a crucial role in their journey.
The Importance of Long-Term Thinking for Success
In this podcast episode, the speaker emphasizes the significance of adopting a long-term perspective to achieve success. He explains how billionaires and successful individuals prioritize thinking ahead and investing in relationships that can pay off in the future. The podcast also highlights the need to differentiate between short-term gains and long-term goals, and how it's essential to surround oneself with high-performing individuals to fuel personal growth.
The Power of Content Creation and Networking
The podcast explores the advantages of creating content and building a personal brand. It delves into how content creation provides individuals with opportunities and unfair advantages, allowing them to attract the right connections and opportunities. The speaker emphasizes the importance of networking through content and how it supersedes traditional networking methods like attending events. The episode also highlights the significance of finding and fostering relationships with high-performing individuals and mentors.
Embracing Change and Overcoming Fear
In this episode, the speaker shares personal experiences about embracing change and overcoming fear. She recounts her decision to leave a secure and comfortable life behind, highlighting the fear and uncertainty that accompanied the decision. The podcast emphasizes the importance of recognizing when it's necessary to make a change, even if it means leaving behind familiar surroundings. The speaker encourages listeners to trust their instincts and not be afraid to pursue a different path if it aligns with their true desires and aspirations.
In this new episode Steven sits down with founder, CEO and self-titled "Boring Biz" lady, Codie Sanchez
Codie starter her career as a JFK award winning journalist covering human trafficking. In a career change, Codie entered the world of finance, and is a former partner at private equity firm EEC, and built First Trust’s $1 billion+ AUM Latin America business. She is the Founder of ‘Contrarian Thinking’ and the Cofounder of ‘Unconventional Acquisitions’, which focuses on purchasing small or what Codie calls ‘boring’ businesses as a way to achieve financial freedom. Codie has appeared on CNBC, Fox, Forbes, Fast Company, Entrepreneur, People en Español, Business Wire.
In this conversation Codie and Steven discuss topics, such as:
