The Mindvalley Podcast

Codie Sanchez on Building Wealth Through Creative Deal-Making | Ep63

Dec 16, 2024

Codie Sanchez, an award-winning journalist-turned-investor and founder of Contrarian Thinking, discusses her mission to create one million financially free individuals. She shares her unique approach to wealth building through everyday businesses, emphasizing the power of curiosity in spotting hidden opportunities. Codie breaks down the importance of calculated risks, particularly in recession-proof markets, while addressing the fears women face in entrepreneurship. Tune in to learn how to redefine wealth as freedom and discover new pathways to financial independence.

01:09:50

Episode guests

Codie Sanchez

AI Summary

AI Chapters

Episode notes

Podcast summary created with Snipd AI

Quick takeaways

Codie Sanchez emphasizes that money equals freedom, driving her mission to create one million financially free individuals through education and empowerment.

She advocates for leveraging curiosity to explore and invest in overlooked businesses, enabling creative deal-making without substantial upfront capital.

Sanchez encourages viewing debt as a tool for growth rather than a liability, promoting financial literacy and negotiation confidence to overcome fear.

Deep dives

From Journalism to Financial Empowerment

Cody Sanchez transitioned from being a journalist focused on human trafficking and violence against women to pursuing financial empowerment as a means to create freedom. Witnessing the brutal realities faced by women in Juarez, she realized that money equates to freedom and wanted to help others achieve financial stability. By shifting her focus from reporting on issues to facilitating financial independence, she aims to be a force for good, believing that the more people understand money, the more they can shape their destinies. This career pivot reflects a deeper understanding of how socioeconomic status influences the lives of individuals.

Intro

2min

Pathways to Financial Empowerment

15min

Finding Your Unique Business Fit

4min

Identifying Robust Investment Opportunities in Challenging Markets

5min

Embracing Risk and Redefining Wealth

30min

Navigating Job Security in an AI-Driven World

2min

Empowering Community through Technology and Entrepreneurship

7min

Navigating Marriage and Work-life Balance

4min

Have you ever looked at a small, “boring” business and wondered, "What if this could change my life?” That’s exactly what Codie Sanchez, Award-winning Journalist-turned-Investor and Founder of Contrarian Thinking, did—and now she’s helping others do the same. With over 2.5 million followers, a New York Times best-selling book, and a mission to create one million financially free humans, Codie’s turning curiosity into a movement. In this episode, she shares her no-nonsense approach to building wealth through everyday businesses and deal-making.

Codie doesn’t just talk about money—she’s on a mission to redefine it as freedom. With an M.B.A. from Georgetown and experience co-founding Unconventional Acquisitions, she knows how to make fear of debt and negotiation a thing of the past. Her expertise in leveraging skills for equity and unlocking opportunities in overlooked businesses will blow your mind. Plus, she’s got a way of explaining it all that feels practical, empowering, and refreshingly real.

Tune in and learn how to spot hidden opportunities, own your financial confidence, and see business in a whole new way. If you’re ready to challenge the status quo and step into financial freedom, this is the episode you can’t afford to miss.

Key Timestamps

[00:00:00] Introduction.

[00:02:04] Money equals freedom.

[00:04:49] Curiosity leads to financial success.

[00:09:26] Business transition and opportunities.

[00:16:37] Purpose: Passion meets money.

[00:23:35] Worst businesses to buy.

[00:25:41] Risk management in business.

[00:28:00] The myth of debt.

[00:33:00] Self-worth and entrepreneurship.

[00:39:07] Wealth vs. status games.

[00:42:21] Buying a business with expertise.

[00:50:21] Top talent and wealth sharing.

[00:52:25] Negotiating from kindness and confidence.

[00:55:25] Technology's impact on humanity.

[01:02:21] Community-owned businesses and partnerships.

Memorable Quotes

"It's not a lack of money you don't have. It's not a lack of intelligence you don't have. It's a lack of knowledge. And when you know that—that should be super empowering." – Codie Sanchez

"Your bank account will be a reflection of two things, I think. The speed at which you move and the amount with which you are comfortable getting uncomfortable. The faster you move and the more you take on discomfort, the more money you're going to make." – Codie Sanchez

Where to Find Our Guest

Website: https://codiesanchez.com/

Instagram: https://www.instagram.com/codiesanchez/

Facebook: https://www.facebook.com/codiesanchezbiz/

LinkedIn: https://www.linkedin.com/in/codiesanchez/

X/Twitter: https://x.com/Codie_Sanchez

YouTube: https://www.youtube.com/@PodcastBigDeal

TikTok: https://www.tiktok.com/@realcodiesanchez

To stay connected and to learn more about Vishen and Mindvalley, click on the links below:

Website: https://www.mindvalley.com/about

Instagram: https://www.instagram.com/mindvalley/

Facebook: https://www.facebook.com/mindvalley