Codie Sanchez, an entrepreneur and founder of Contrarian Thinking, shares her unique take on wealth-building through acquiring small businesses. She emphasizes the importance of resilience in daughters and the power of presence in personal relationships. Codie reflects on her non-linear career journey and the significance of genuine curiosity and networking. She debunks myths about wealth by showcasing success in ordinary industries, encouraging listeners to pursue financial independence with perseverance and a long-term mindset.
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volunteer_activism ADVICE
Raising Expectations
Believe in others and raise their expectations.
Show them that you see their potential.
volunteer_activism ADVICE
Parenting Advice
Spend quality time with your daughters, doing things you love.
Include them in your activities, fostering shared interests.
question_answer ANECDOTE
Contrarian Thinking
Codie Sanchez's favorite book is "Letters to a Young Contrarian" by Christopher Hitchens.
She admires Hitchens' willingness to challenge conventional wisdom.
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In this book, Christopher Hitchens addresses a hypothetical young reader, offering advice on how to cultivate a contrarian mindset. He draws on historical examples of dissenters like Émile Zola, Rosa Parks, and George Orwell to illustrate the importance of questioning authority and challenging consensus. The book covers a range of topics including politics, economics, and religion, and encourages readers to seek out argument and disputation as a means of intellectual growth. Hitchens also critiques various forms of dogma and advocates for a life of critical thinking and moral courage[2][3][4].
Main Street Millionaire
How to Create Financial Success
Alexzandra De La Iglesia
In 'Main Street Millionaire: How to Create Financial Success', Alexzandra De La Iglesia provides a straightforward and accessible four-step process to help entrepreneurs and small business owners achieve financial success. The book focuses on identifying the ideal customer and implementing strategies to maximize sales, making it easier for anyone to create a strategic plan for financial growth.
Codie Sanchez is an entrepreneur and investor known for founding Contrarian Thinking, a media and business education company. She has a diverse background, including entrepreneurship, finance, and journalism. Through her book "Main Street Millionaire," she advocates for wealth-building by acquiring small businesses and shares her insights on financial independence and business success. Codie emphasizes practical, contrarian approaches to wealth and leadership.
Notes:
Her dad always said to her: ‘You’re not going to be a princess, you’re going to be the president’ – It’s a great reminder of the power we have as leaders to believe in someone and raise their level of expectations because you see something special in them. Codie was glowing while talking about her dad.
How Codie earned a job at Vanguard. She went to conferences. She met people. She got IN THE ROOM and took action. And then when she got her opportunity, she led with her curiosity, asked questions from the woman she met with, learned, read the books she told her to read, and followed up. Showing up, doing extra, and following up are a great way to earn a job that you might not be qualified for.
How you start and end your meetings. What type of energy do you bring to the space? Remember, you no longer get to be energy-neutral as a leader. You’re either lifting the room up or taking it away. We want to add energy additives to the rooms we enter.
One of Codie's favorite books – Letters to a Young Contrarian by Cristopher Hitchins. “What I like about Christopher Hitchens, he pushed back against the common narrative in a time where to be an activist was really frowned upon”
“He was what the people these days that say they're activists actually are. He really had no loyalty to any type of thought; he was simply trying to find the truth. He was the inspiration for contrarian thinking”
Career Path – “I don’t believe that humans have linear paths ever. Anyone who has had an interesting career in my opinion has had a completely divergent set of experiences.
High Performers:
They hate small talk.
Are not okay with wasting your time.
Do what they say they’re going to do.
Do it with urgency.
Are obsessed, not just interested.
Goal Setting: “If you want to be a person who hits your goals: Skip setting goals and set sacrifices. What are you willing to give up to get what you want? That is the missing piece to winning. Every one of your goals has a price."
Codie's Anti-Goals: Being an employee/work for others, Selling other people's products, Speaking for free, Coffee meetings.
The richest self-made woman in the US is… Diane Hendricks (co-founded the largest wholesale roofing, siding, and window distribution company). There are billions in the boring.
Writing = Clarifying Your Thinking
Writing helps Codie think clearly and organize her thoughts.
The process of writing demands coherence and structure, unlike verbal communication.
4 Parts to buy a business - Cover debt, Cash to have an operator, Money to make a salary, Operating cash.
3, 9, 12 method - Learn the 10 steps in the first 3 months. Get in on a deal. Stabilize.
Boring Businesses - Laundromats, car washes, and port-a-potty services can be very profitable. They are less glamorous but have a higher success rate compared to sexier industries.
Advice - Meet with a small business owner. Ask to shadow them. Get curious. 42% of the population works for or in a small business.
The Learning Leader Show With Ryan Hawk 
