The Deepest Conversation You’ll Ever Watch About Money | Codie Sanchez
Codie Sanchez, a nine-figure founder and former Wall Street investor, joins Lewis Howes to discuss practical systems for building real wealth through profit focus, pricing, and ownership thinking.
The gist
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The average small business nets only 15% profit margin, so $1M in revenue leaves just $150K after taxes and expenses.
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Raising prices 30-300% is possible by switching to value-based pricing and selling only to higher-net-worth customers.
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Only 30% of US businesses have recurring revenue, yet it is the defining feature of every major wealth-creating company.
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Sanchez recommends investing a fixed amount monthly into index funds rather than chasing individual trades or shiny new opportunities.
Lewis Howes recommends it
"People can go to ownerscore.com and they can take the assessment to see which kind of owner that you are. It's only a few minutes. You get your owner score, your archetype, and you find out exactly what's keeping you stuck."
▶ Play at 1:07:41
Lewis Howes uses it
"I'm going to put my money every single month into index funds and consistently ride this thing for the next however many decades and just be consistent there as well. It doesn't have to be super sexy or know all the best trades or whatever, but just be consistent."
▶ Play at 32:1913 creators recommend it, including Sam Parr, Ben Felix, and Felix Prehn.
See all on the Index funds pageWhat they recommend · 2 picks
"I'm going to put my money every single month into index funds and consistently ride this thing for the next however many decades and just be consistent there as well. It doesn't..."
"People can go to ownerscore.com and they can take the assessment to see which kind of owner that you are. It's only a few minutes. You get your owner score, your archetype, and ..."
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