Unlock Financial Freedom: Secrets From A $50 Million Portfolio - Codie Sanchez
Jul 6, 2023
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Codie Sanchez, Co-founder and CEO of DeepMind, shares her riveting journey from journalism covering human trafficking to a thriving finance career. She discusses how diverse experiences shape our paths and the necessity of overcoming struggles to achieve success and happiness. Codie offers invaluable insights for women in the workplace, highlighting the importance of authenticity and strategic networking. The conversation emphasizes investing in personal growth before financial ventures and encourages a mindset shift towards ownership and legacy.
Embrace struggle as it leads to growth and success.
Explore different career paths and skill stack to achieve success.
Balance hard work and working smart for professional growth.
Prioritize self-investment for long-term financial success.
Deep dives
The Power of Struggle
The key to happiness and success is embracing struggle. Struggle allows for growth, development, and the opportunity to overcome challenges.
Career Path and Skill Stacking
Linear career paths are not the norm. Trying different things and skill stacking early on can lead to success later in life.
Hustle Culture and Working Smart
Balancing hard work and working smart is essential. The speaker shares insights on hustle culture and offers advice for women in the workplace.
The Journey from Journalism to Finance
The speaker's journey from journalism to finance was driven by a desire to understand money and power. Personal experiences and a hunger for impact led to a successful career.
The Power of Rewiring the Brain and the Game of Money
The speaker emphasizes the importance of rewiring one's brain to focus on more than just personal success and financial gain. They believe that money is a game and the rich do things because they enjoy the competition and the challenge. They discuss the balance between striving for financial success and living a well-rounded life, referencing a book called 'The Road to Character.' The speaker also shares their approach to creating a fulfilling life, which involves scheduling sporadic and spontaneous experiences that add value and create memorable moments.
The Importance of Taking Risks and Persisting
The speaker highlights the significance of taking risks, especially at a young age when responsibilities are limited. They believe that failure at a young age does not have significant consequences and encourages young individuals to pursue their dreams and big goals. They also share personal experiences of persistence in the corporate world, highlighting the importance of relentlessly pursuing opportunities and not giving up easily. They provide examples of how they strategically pursued job opportunities, demonstrating the power of persistence.
The Value of Giving and Building Relationships
The speaker emphasizes the importance of giving without expectations and building strong relationships. They discuss the concept of reciprocity and how offering value to others can lead to tenfold returns in the future. They stress the significance of building genuine connections and relationships, as well as the power of access and ideas in today's world. The speaker encourages individuals to focus on giving freely, being curious, and investing in relationships, as these actions can lead to long-term success and fulfillment.
Investing in Self and Earning Before Investing
The speaker advises prioritizing self-investment and increasing earning potential before investing money. They caution against speculation and quick money-making schemes, instead urging individuals to focus on building skills, knowledge, and experience that will lead to higher earnings in the long run. They suggest investing in oneself through education, acquiring new skills, and taking calculated risks instead of relying solely on investment opportunities to create wealth. The speaker highlights the importance of focusing on long-term financial growth rather than quick financial gains.
My guest this week has an incredibly inspiring story. Codie Sanchez started her career as a journalist covering human trafficking, and was confronted with extreme violence and the worst of humanity on a daily basis. Realising that she didn’t want to be someone who, in her own words, had to ‘fight for a living’ she decided to take a hard pivot into finance. Since entering the world of finance, Codie became partner at private equity firm EEC, and built First Trust’s $1 billion+ AUM Latin America business. She’s also the co-founder of ‘Unconventional Acquisitions’ and the founder of ‘Contrarian Thinking’ who have a mission to bring more people into financial freedom. In the conversation we talk about how, just like Codie’s career, human beings don’t have linear paths, we talk about the question of whether you need periods of struggle in order to achieve wealth, happiness and success. As well as advice for women in the workplace and leadership and we finish by covering a handful of truths that will make you more money than any business degree. I hope you enjoy this conversation as much as I did.
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