Codie Sanchez

"You can use tools like Claude and Replit and ChatGPT, and they can help you build this."

"You can use tools like Claude and Replit and ChatGPT, and they can help you build this."

"You can use tools like Claude and Replit and ChatGPT, and they can help you build this."

"I eat chia pudding with fresh fruit. It's one of the best plant sources of omega-3s. It's great for your brain function."

"No email or slack. The second you open email, you're working on somebody else's priorities."

"Hey, just give me a brief loom or a Slack message. If we still need to sync after that, ask my assistant."

"I sprint to vanguard.com cuz that's where I worked at the time. I plugged in my paycheck. I connected it to the app and I accumulated money."

"I do 50, 30, 20, but you can pick out how you want to do it."

"I put it in an Excel spreadsheet. These days, you could throw that Venmo into AI and Rock and Roll."

"You're already here with us learning for free on YouTube for that reason."

"Basically, I don't type anymore. I just go like this. Hey guys, can you go ahead and send that for me? Bam. And there it is."

"Then I also use the flat hand method. Let the scorpion walk on my hand rather than grabbing it, which mimics a predator from above."

"So, I want to think about where you spend money on businesses and they have cash. So, think about this for a second... when you go and spend money with Venmo, you know that the business is small."

"So I spent about 3K a month on that business. That is a podcast production business when I used to have a podcast way back in the day and it had $350,000 in revenue."

"Let's look at what's available on BizScout. So here's one. 25K to get in as a price."

"I mean, I pay my makeup lady $300 per visit."

"So, you write down the 10 things that drive 80% of your profit. Then, build a system so someone else can do 80% of them. This is called Pareto's principle."

"Here's how he sets his goals. Musk starts with what physics says is possible, not what society believes. And I love this."

"He uses what's called first principles thinking, and it's how he built billion-dollar companies. First principles doesn't just build rockets. It builds everything worth building."

"There's like a HubSpot one that's free, takes a few days, it's recognized around the country."

"Method one, the avalanche. This is my way. You focus on the highest interest rates first. Because math says this is the best approach."

"You could go to Google's IT support professional certification. I think it's 300 bucks on Coursera. This opens up an industry where entry-level salaries start at 55K."

"I want you to think about your six-month escape fund. Calculate 6 months of basic expenses. This is the number that you have to go find the next thing that you'd love to do."

"Our founder, we tell her to switch to an S corp election. Now, she pays herself a reasonable salary of, let's say, 150K. Still hits with the payroll tax, but takes the remaining $350,000 as distributions."

"Don't just use ChatGPT. Use Claude, Perplexity, Gemini, Cling. Go experiment with all of these."

"Don't just use ChatGPT. Use Claude, Perplexity, Gemini, Cling. Go experiment with all of these."

"Don't just use ChatGPT. Use Claude, Perplexity, Gemini, Cling. Go experiment with all of these."

"I want you to try the 10-second reset. So the second you say something negative, I want you to have something that you trigger positively instead."

"I want you to try to change at least one of your meetings this week to a walk and talk. I found people are two to three times more likely to say yes to a meeting because everybody's trying to get their 10,000 steps."

"If you take that $4,045 and you learn a new skill, business buying, then you figure out how to do creative financing."

"You learn a new skill, business buying, then you figure out how to do creative financing. You buy a business that makes $100,000 a year in profit."

"Naval Ravikant had an idea that was so brilliant and probably made me my first million, which was every type of billionaire you can imagine was made from one type of leverage."

"The theory says to be successful, you have to turn one off. To be really successful, you have to turn off two. And when you look at it that way, a lot of things start to make sense."

"I want you to call them and say, 'What does your P&L actually look like?'"

"Borrow the week. Stop guessing how to run the business. Look at how operators ahead of you spend their time."

"Decide once. If a decision repeats, it shouldn't live with you. Document it. Push it down."

"Keep the three. Only keep decisions that affect capital, people, or direction. Everything else is noise."

"Won't you spend $6 to sit across from someone who could 100x your potential? The entire specialty coffee industry could double prices tomorrow. And if you do it right, it's still probably worth it."

"You auto make sure that you invested in something like Wealthfront. That is a micro decision that is for the positive."

"I started out with an AI assistant. You could use one like Kowi."

"Here's what I expected to do this year. Here's what I actually did. Based on exceeding my metrics, I'd like to request a raise of X."

"Mortgage recasting. Rare but real. You make a lump sum principal payment. Lender recalculates your payment. Your monthly payment drops."

"I'd like to explore a rate modification. I've been a strong borrower, but current market rates are lower. What programs do you have for a permanent rate modification?"

"Say, I'm being offered X% with another lender. Can you match it or beat it? Then ask for perks. Do you have any rate reduction, loyalty, or hardship programs I can qualify for?"

"Audit your fees. Move to low-cost providers or negotiate the rate down. Say, 'What's the expense ratio and do you charge me a management fee?'"

"I want you to put that big decision you need to make on the calendar. The day that you need to quit the job you hate, the day you need to launch the product, the day you need to fire that person, the day you need to leave your relationship, whatever it is, put it on the calendar."

"What about 10% into savings that you use to buy a cash flowing business? A lot of what we talk about with people who are in jobs but want to buy one is called an ownership tithe."

"The second thing that I was taught in finance is having an FU fund. You save 3 years worth of your annual living expenses."

"If you put 100k into the stock market instead of home equity 20 years ago, you'd likely have an extra 350,000 to 450,000. Stocks beat owning a house by 3x over 20 years."

"So now you're solving problems they can't do themselves or don't want to. Smart home setup, personal styling, organizing, low competition, high-value niche."

"These are the small but high-frequency tasks nobody wants to do when they have money. Grocery deliveries, pet walking, dry cleaning, pickups, errands."

"These are the small but high-frequency tasks nobody wants to do when they have money. Grocery deliveries, pet walking, dry cleaning, pickups, errands."

"So now you're solving problems they can't do themselves or don't want to. Smart home setup, personal styling, organizing, low competition, high-value niche."

"Elon, he doesn't actually take a salary. Instead, he gets paid in Tesla stock."

"This is called a securities loan. What's fascinating, he gets to live off of these loans while his stock keeps growing and appreciating."

"Coachella pulls in 120 million each weekend. The headliners get the credit, but there's a business running backstage nobody talks about."

"There's something called Herzberg's two-factor theory, which explains why your boss sucking is 10x more likely to make you quit even if you get paid more."

"Method number two, the snowball. This is from my friend Dave Ramsey. You ignore interest rates entirely and focus on your smallest balance first."

"Then you can use an app, you know, something like Mint into it. There's lots of these apps now to track it."

"Bezos built Amazon with a 10-year time horizon."

"Cyber security is now a $200 billion global market, growing over 10% a year. Large companies routinely pay 100 to $250,000 per client per year."

"B-tier experiences. This is like luxury travel planners. They charge 15 to $50,000 depending on how crazy these trips are per trip."

"C-tier time-saving businesses, high-end assistants and concierge services. Typically, they charge 75 to 150 an hour usually on retainers."

"A founder who is doing, for instance, 500K in profit a year as a solo LLC, by default, every dollar is hit with 15.3% self-employment tax."

"It's kind of like that movie Limitless where you get that little pill that helps you become something bigger than you ever were."

"They'll talk to you about revenue per employee, LTV, CAC, churn"

"They'll talk to you about revenue per employee, LTV, CAC, churn"

"Well, not according to the brand where Harvard says here going to Harvard is not going to be a differentiator. says Harvard."

"Canceling your $20 Netflix subscription, well, that saves you $220 bucks a year."

"They redesigned their routing software to avoid left turns to save time at lights. And that saved over 10 million gallons of fuel."

"He co-founded an aircraft maintenance business in the UK. Not sexy. And it's a framework we can steal."

"There's a wild story about this guy, James Clear. He's known for writing one of the bestselling books of all time in non-fiction."

"Maybe it's 47 bucks to go to Main Street Millionaire. Maybe it's 47 bucks to buy a couple books and learn some more."

"Maybe you worked at a top tier firm like I did at Goldman Sachs"

"your team could still be updating their LinkedIn in the bathroom, sending in applications for somewhere that'll give them a 10% raise"

"Goldman has a widely cited 2023 report that's estimating up to 300 million full-time jobs globally could be affected."

"From 2012 to 2018, OpenAI found that the compute used in the largest training programs grew by 300,000 times, basically doubling every 3.4 months."

"I started a company called Vanguard and then I went to Goldman Sachs and then I went to State Street."

"I went to Arizona State, which is really Harvard of the West if you ask me."

"I hit not inbox zero, but I do one email."

"So, he launched Industrial Light Magic because he was like, 'I'm going to build the tech myself.' ILM has done the effects for 350 plus movies like Jurassic Park, Marvel."

"Then, he invented the Dykstraflex motion control camera. Once he proved it works, every other studio had to use it."

"He bought one that already worked using an SBA loan for 800K. The bank took most of the risk and he kept the upside."

"And they're like trusting you, the consultant, not the business overall, unless you're Deloitte or something."

"So, in 1957, a professor at John Hopkins named Dr. Kurt Richter ran a dark experiment."

"Where are small businesses that you know you already spend money on? Well, probably in your Venmo and your PayPal, right?"

"It was called the Marshmallow Study, famously. The cool part is you can actually turn yourself into the type of person that has self-control or delayed gratification."

"The S&P 500, arguably one of the best wealth creation tools in history, is like largely a network of MBAs."

"Look at this headline. Student coders seek work at Chipotle. 10 years ago, do you think that people from Stanford would be working at Chipotle?"

"That's a 0.6% return. You'd make more money in a savings account."

"According to researchers at Cambridge, your brain doesn't even reach full adult mode until around 32."

"Steve Jobs famously loves hiring divas. Why? They know what they're doing."

"Pat Mahomes didn't just bring three Super Bowl wins to Kansas City. He brought something maybe more valuable. In 2018, Mahomes publicly said, 'I love Whataburger.' Posted it on X. Then he decided, 'Wait a second. I could bring a piece of this franchise to Kansas City.' They now operate all 29 Whataburger locations in the area."

"The Wall Street Journal just revealed something wild. The ultra wealthy, they don't actually live in the same America as you and me."

"You basically show up of your private jet onto a private Maybach that picks you up when you come off that takes you to a private hotel entrance"

"You will never actually get in front of a hiring manager if you just do it on a site like Indeed."

"She said she liked to talk to all the stakeholders, pull it into a PowerPoint, then over the course of a couple weeks, make sure everybody's on the same page."

"I think Zoom meetings are where dreams go to die. Particularly in a world where 99% of the time people are hiding behind one of these things."

"If you're older like me, you had cable back in the day, which meant that you had all these combo things."

"Streaming was marked as freedom. But they quietly rebuilt the exact same overpriced Frankenstein you tried to escape from cable."

"I quit Wall Street. I quit seven figure jobs I hated."

"with AI coming, this means that we have to think less and less. I can tell immediately if something is made with AI or not."

"Anybody who is trying to sell you a Pokemon card thinks you're an idiot. The problem is that none of these things hold their value over time."

"Amazon FBA. I think it sounds great. There's lots of people online, but then Amazon owns you. They can suspend your account overnight, copy your product."

"ATM routes. People love to say that ATMs are like vending machines. I think they're completely different. And one, tiny margins. We're talking 1 to 3%."

"You know the old saying, nobody ever got fired for hiring McKinsey. New saying, 'Good chances are you'll get fired by working at McKinsey.'"

"I went to Fiverr Pro and I hired a specialist to produce it. Most people that's an afterthought, but it's actually a super specialized skill."

"I used this platform called Beehive because when you have an email newsletter that you send out consistently about the things that you're building then you allow other people to come on the ride with you and Beehive is incredible because they do all the design for you."

"The most successful people today, they all have email lists. And the ones that I know, they use a company called Beehiiv. This team is incredible."

"That's why I like online domain. You can get the name you want like cody.online. Go grab online domain now before someone else does."

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