In this episode, Codie Sanchez and Bill Perkins explore the intricate relationship between ego and wealth LIVE, emphasizing how our ego can hinder financial success. They discuss the importance of speed in decision-making and how taking risks is often more about managing ego than financial loss. They delve into team dynamics, highlighting the roles of visionaries and executors in business.

Perkins shares insights on maximizing time and money, the necessity of aligning family goals with business ambitions, and the challenges of delegation and the importance of finding the right operators in business ventures.

Chapters

00:00: Ego and Wealth: The Hidden Connection

02:50: The Importance of Speed in Decision Making

06:11: Risk: Ego vs. Financial Reality

09:04: Building Teams: The Role of Visionaries and Executors

11:52: Peak Utility of Time and Money

15:08: Aligning Family and Business Goals

17:54: Navigating Business Opportunities

23:57: The Depth of Personal Investment

24:57: Defining Personal Success and Fulfillment

25:56: Balancing Wealth and Life Experiences

27:46: The Importance of Shared Experiences

29:59: The Role of Wealth in Enjoying Life

31:11: Evolving Philosophies on Wealth and Fulfillment

32:10: The Power of Subtraction in Life

34:02: Finding and Managing Operators

36:10: Balancing Ego and Delegation

38:20: Taking Risks and Going Big

41:12: Memorable Investments and Experiences

44:01: Identifying Key Ingredients in People

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📸 Instagram: / codiesanchez

📽️ TikTok: / realcodiesanchez

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Justin Melnick - Episode 611