In short
Podcast Episode Summary: Break Free from the 9-5 and Build Magnetic Wealth | Codie Sanchez EP 812
Podcast Overview Title: The Daily Motivation Host: Lewis Howes Guest: Codie Sanchez Episode Number: 812 Description: This episode explores the journey of Codie Sanchez from a traditional job to building multiple successful businesses, emphasizing the importance of mindset, decisive action, and the concept of "contagion" in wealth-building.
---
Key Themes and Insights
Introduction to the Guest
Codie Sanchez
- Background: Transitioned from earning a $37,000 salary to becoming a successful entrepreneur.
- Catalyst for Change: A boss's rejection of her business idea spurred her to embrace her ambition and seek financial independence.
- Label: Initially labeled as someone who "would leave dead bodies behind" in the corporate setting, which she turned into motivation for change.
Core Concepts Discussed
- Mindset
- Importance of having a wealth-oriented mindset.
- The shift from being a cog in the corporate machine to becoming an owner and architect of one's destiny.
- Zero to One Breakthrough
- Emphasizes the need for a breakthrough from one level of wealth to the next.
- Codie suggests that success doesn't require superior intelligence but rather speed and decisive action.
- Contagion
- Defined as the ability to make wealth magnetic; drawing opportunities and resources towards oneself.
- Challenges the traditional view that success is only for those with pre-existing wealth.
Emotions in Entrepreneurship
- Codie discusses the role of emotions in business, acknowledging that drive can stem from various sources, including anger.
- Challenges the notion that one must only adopt a positive mindset to succeed in entrepreneurship.
Societal Narratives
- Critique of societal expectations regarding career loyalty and the pressure to remain in unfulfilling jobs.
- Encouragement to disregard labels and pursue personal ambitions, regardless of external judgment.
---
Key Takeaways
- Architect of Your Fate: Individuals have the power to shape their own destinies, rather than being constrained by corporate structures.
- Abundance Mindset: The current era offers unprecedented opportunities for entrepreneurs willing to take risks.
- Action-Oriented Approach: Taking swift action and making mistakes is crucial for learning and advancement.
- Rejecting Negative Labels: It's essential to move past negative perceptions from others in order to pursue one's true ambitions.
---
Conclusion
- This episode serves as a motivational call to action for listeners, urging them to take control of their financial futures by embracing entrepreneurship, developing the right mindset, and acting decisively on their ideas.
---
Additional Resources
- For those interested in further content, listeners are encouraged to check out the full episode on the School of Greatness podcast and subscribe to the Greatness newsletter for more inspiration.
Reminders
- Follow the Daily Motivation Show on platforms like Apple Podcasts and Spotify to stay updated on future episodes.
- Leave a review to support the podcast and enhance the community of motivated individuals.
Written by AI. May contain mistakes. Listen to the episode to check what was said.
Transcript
Automatic transcript. May contain errors.0:00Hi, my name is Lewis Howes and welcome to the Daily Motivation show.
0:12I started to determine there's three things we need to make a lot of money, and I wish somebody had told me earlier, so I'm going to share my lessons with you. The first one is mindset. Kind of straightforward, you think? Except most people don't have it. The second is zero to one. How do you actually break through whatever your wealth level is? The last one's really important, which is contagion. How do you become so good that your money becomes magnetic and it keeps going back and bringing friends with you? This one's really important today because I think actually we live in a time of massive abundance.
0:43Think about it. It's never been easier to build a business than it is today. In fact, more businesses have been built since 2020 to today than ever in history before. Think about that for a second. We have massive abundance. It's just that we've kind of become a cog in a machine instead of even the machine or learning how to own the machine. And that's where I want to get to. There is one word that is more near and dear to my heart than anything else, and that is this word owner. So I heard something the other day that stuck with me. Somebody said to me, when you hear the truth, you don't just hear it, you feel it.
1:20It's like a tuning fork. You guys ever felt that? Inside of you, right? And so when you hear something that you think sounds like truth today, I want you to yell it for me. We'll get a little gospel up in Los Angeles. What do you think about it? So when you hear something that you think sounds like a little bit of truth, I want you to go, truth? Cool. Because we are in a world where people have forgotten the word. It is a five-letter word that has become a four-letter word. And I want to bring it back and own it for us. All right. So let's talk about that. We're first going to start with mindset.
1:53So I don't know about you guys, but for a long time, I worked for other people. and they determined my worth based on hours sat at a desk. You guys ever sat in a job that you hated so much that you wished your life would end like a minute or two earlier? So it was five? Just me? Okay. And they're like, truth? Yes, right now. I, in my first job, made$37 ,000 a year. I know. And at that time, I actually thought I was super, super, super rich. And I was compared to what I was earning previously. But one day, I was at a financial firm and everybody else was from fancy schools like USC down the way and Stanford.
2:31And I went to the Harvard of the West, which is Arizona State. Anybody else throw that to school with me? All right. You're not supposed to laugh at that. Yeah, but it's not known for its academics. And so I was struggling. I was like one of those ducks where I seemed calm on surface and under the waters paddling like. And I remember I came up with this idea for a business, for our company, and was like, All right. I was at a big company called Vanguard. And I came up with an idea. And I was like, God, I think the company should do this in Latin America because they weren't yet. I brought it to my boss.
3:03The boss came back to me and said, this is a good idea. I think we're going to move forward with this at the company. I thought, amazing. And I said, well, if you like the idea, you know, can I be a part of the implementation? He said, of course. So he comes back a week later, talked to the bosses on high. And he sits me down. And I'm excited. I'm like 21 at the time. and sits me down and says, instead of Cody, you got the job. He says, Cody, what do your colleagues, what do you think your colleagues think of you? And I was like, I'm not sure why this is relevant, Ron, but I don't really know.
3:36And he said, they think you would leave dead bodies behind you to get ahead. I was like, well, that's not great. Like physically, because I'm kind of tiny mentally. And what he said was, well, we expect you to show up at the parties to when people come to your desk, hang out, go out to lunch with the group. But if you guys ever been struggling quietly or like the idea of doing anything besides working, you couldn't even fathom because you could barely do the thing you're supposed to have already known how to do. That was me. Truth. And I was there in that moment. And that's when I realized when I told him that, He said, well, because of that, we are going to implement your idea.
4:18But this woman, April, gets it. I was like, the f*** does that work? But at that moment, he did me a huge benefit. Because what he taught me in the moment that was super painful, let me leave a company that would have stopped me. And I did something that a lot of people don't talk about today, but which I think is true. Do you guys see how many years I was at most of these big institutions? Right, about two years, right? That's what they say about us youngsters. We don't stay. We don't work hard. We don't whatever. I left the moment I knew they weren't going to let me promote any faster. The moment they said, our speed, not yours.
4:55I said, no, no, no. I'm the architect of my fate. You're not. Truth. And people will not tell you this. They will say that you're ungrateful, that you should stay, that you're selfish. And you have to say lovingly, bye. Bye. And that's my first truth.
5:23Thank you so much for listening to today's episode of The Daily Motivation. And I hope you have an amazing rest of your day. If you enjoyed this episode, make sure to click the link in the description that will take you to the full episode of our main podcast on the School of greatness. And if you are loving the daily motivation, please follow us over on Apple podcast and Spotify and leave us a review over on Apple podcast right now. And if you want more exclusive content and ad free listening experience, make sure to subscribe to our greatness plus channel on Apple podcast right now. And if you want to get even more inspiration from our world class guests and learn how to improve your life and take it to the next level, then make sure to sign up for the Greatness newsletter and get it delivered right to your inbox over at greatness.com slash newsletter.
6:13Again, have an amazing day and I'll see you tomorrow with another episode of the Daily Motivation Show.
From the publisher
Have you listened to the FULL EPISODE yet?
"By the time somebody else has thought about an idea, gone to investment committee, pondered it, I've already started, made three mistakes, and found a better way." - Codie Sanchez
From a $37,000 salary to building multiple successful businesses, Codie Sanchez's journey is a masterclass in breaking free from corporate constraints. In this raw and energetic conversation, she shares the pivotal moment when a boss's rejection of her business idea became the catalyst for her entrepreneurial rise. With remarkable candor, Codie reveals how being labeled as someone who would "leave dead bodies behind" in the corporate world led her to embrace her ambitious nature and chart her own path to financial freedom. Her unconventional wisdom challenges the traditional narrative about career loyalty, encouraging listeners to become the architects of their own fate.
Drawing from her extensive experience, Codie breaks down the three essential elements of building wealth: mindset, zero-to-one breakthrough, and what she calls "contagion" - the art of making money magnetic. She dispels the myth that success requires superior intelligence or pre-existing wealth, instead emphasizing the power of speed and decisive action. With refreshing honesty, Codie addresses the role of emotions in business building, acknowledging that drive can come from various sources - including constructive anger - challenging the typical "love-only" approach to entrepreneurship. Listen to the full episode to discover Codie's counterintuitive strategies for breaking through wealth barriers and seizing the unprecedented opportunities in today's business landscape.
Sign up for the Greatness newsletter!
Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
