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Cody Sanchez discusses her journey into investing in real estate, stocks, and owning multiple businesses, highlighting the importance of increasing outcomes through various tools and products. She mentions her interest in acquiring boring businesses and service companies. Sanchez explains her approach to leveraging financial acumen to shape the world around her, emphasizing the power of methodically applying leverage in one's career.
Sanchez reflects on her journalistic experiences, including embedded reporting along the US-Mexico border. She talks about her encounters with cartel violence and the significance of understanding societal disparities. Her past career shift from journalism to finance was driven by a quest for curiosity and learning about money management.
Sanchez delves into the importance of building multiple income streams, highlighting the concept of decentralizing finances to mitigate risk. She shares strategies on investing in hard assets, optimizing revenue streams for financial independence, and emphasizing the need for regular financial oversight.
Sanchez provides insights into managing a diverse portfolio of media businesses, focusing on products, marketing lines, and media production companies. She acknowledges the critical role of people and processes in effectively coordinating and overseeing the various enterprises, emphasizing the importance of team structures and financial analysis for sustained growth.
The speaker reflects on his journey to wealth by combining business growth, direct investing, and asset acquisition strategies. Starting with a successful business, he diversified into investment properties and high-paying deals. By focusing on multiple income streams and leveraging assets, he achieved financial freedom and accelerated business growth. Emphasizing the importance of recurring revenue and online components in businesses, he highlights the value of building diverse income channels.
The discussion shifts to the speaker's advocacy for small businesses as drivers of local economies. He underscores the impact and potential growth of well-managed small businesses, emphasizing their role in community development. Highlighting success stories of innovative businesses, like a community-focused dental practice, he encourages investing in and supporting local enterprises for long-term community prosperity.
Codie Sanchez has been a journalist embedded with cartels, worked fancy-pants finance jobs at Goldman Sachs and Vanguard, and now -- she is an independent investor and entrepreneur.
She owns a direct interest in FORTY FIVE businesses, with more than 25 cash flows. Codie’s interests include boring businesses (like laundromats and property managers), online media companies, and service businesses.
You’ll hear us drop “leverage” a few times in this interview, and though it wasn’t what I’d planned on talking about, I think Codie is a living example of the power of methodically applying leverage. If you want to build an independent career like Codie’s, you’ll love my course+community, called Building a Mountain of Leverage. Check it out at EJorgenson.com/Leverage
Additional resources to help enrich your experience below:
Topics Covered:
Favorite Quotes:
“Civilize the mind, make savage the body, grow the revenue sheet” -Codie Sanchez
“Money is just a tool. The more tools I have the more ability I have to construct the world I want and the world that I think is best for all and for me and for the people that are around me.” -Codie Sanchez
“I think plans are normally for fairy tales. I truly believe that if people can follow their curiosity they're gonna end up exactly where they're supposed to be. The only thing you should be focused on is what is interesting to you, what you can get lost in.” -Codie Sanchez
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Huge thanks to Modern Stoa (modernstoa.co) for their help on creating and growing this very podcast you’re listening to now. If you need help with podcast growth or monetization, go to modernstoa.co or hit the founder up on Twitter (@consumersky) or Instagram (@iamaskyking).
If you want to support the podcast, here are a few ways you can:
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