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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!

August 12, 2024·2h 1m

Is the path to gaining big riches through small easy secrets? Codie Sanchez breaks down the Wall Street wealth hacks she used to build her empire Codie Sanchez is the founder and CEO of ‘Contrarian Thinking’, a company and newsletter that provides financial advice with over 2.5 million subscribers. She is also the author of the book, ‘Main Street Millionaire: How to Make Extraordinary Wealth Buying Ordinary Businesses’. In this conversation, Codie and Steven discuss topics such as, the 32 rules for building wealth, the best way to invest your money, how to succeed in a job interview, and the secret to generational wealth. (00:00) Intro (01:28) Who Do You Want to Help Build Wealth? (03:08) Why Your Message Really Matters (05:16) How to Make More Money and Why It Counts (06:50) Who Is Codie Sanchez? (08:20) Top Advice for 20-Year-Olds (10:41) Why You Must Work Harder in Your 20s (12:05) How People Actually Make Money (15:23) How to Attract Wealth (17:53) Dealing With Money Imposter Syndrome (20:25) Money and Gender: Key Differences (21:51) Is Money a Masculine Thing? (23:05) Building Wealth From Scratch (25:40) How to Get a Rich Person’s Attention (32:37) What to Do When You’re Starting Out (34:52) Best Behaviors for Job Interviews (38:10) Ask This to Make Employees More Money (43:41) Salary vs. Owning a Business: Get Rich (44:56) Where Should You Invest Your Money? (49:54) 3 Smart Ways to Buy a Business (54:28) What’s the Banister Effect? (56:55) The One Skill for Major Success (01:04:53) Why Obsessed People Win (01:08:26) What’s a Drug Gateway Business? (01:10:36) Buying “Boring” Businesses (01:13:49) How to Avoid Bad Deals (01:15:08) Where to Find Profitable Businesses (01:18:30) Best Hacks to Own a Business Cheaply (01:20:22) Is Your Business Failing?