The Diary Of A CEO with Steven Bartlett cover image

The Diary Of A CEO with Steven Bartlett

Codie Sanchez: They're Lying To You About How To Get Rich! How To Turn $1,000 Into $1M! Hard Work Doesn't Build Wealth!

Aug 12, 2024
Codie Sanchez, founder and CEO of Contrarian Thinking, shares her secrets to building wealth and financial freedom, emphasizing business ownership over traditional salaries. She unveils strategies for breaking into entrepreneurship, the importance of a positive money mindset, and overcoming gender dynamics in finance. Codie also discusses navigating startup investments, the value of small business acquisitions, and the art of deal-making, all while stressing that hard work alone isn’t the key to significant wealth.
02:05:00

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Building wealth can be achieved through salaried jobs with strategic financial planning, contrary to popular belief about entrepreneurship.
  • Finding a mentor in your field can significantly enhance your understanding and acquisition of critical knowledge for wealth building.

Deep dives

Challenges of Business Ownership

Running a business today is increasingly difficult due to rising costs and economic pressures. Business owners must prioritize efficiency and find ways to reduce expenses without compromising quality. Streamlining operations is essential to remain competitive in today's market, as inefficient practices can lead to financial strain. Adopting integrated financial systems like cloud solutions can help manage multiple facets of a business effectively.

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