E068 - The Smartest Business Ideas to Become Rich in Your 20s & 30s (Escape Your 9-5) | Codie Sanchez

Joining me today is Codie Sanchez, a renowned investor, entrepreneur, and the author of the newly released book Main Street Millionaire, a no-nonsense guide to building wealth. With a career that began in investigative journalism, Codie transitioned into the world of finance, working with top firms like Goldman Sachs. Today, she manages a portfolio of businesses generating millions in revenue and shares her expertise on achieving financial independence.In this episode, Codie talks about the journey from her middle-class upbringing to becoming a leader in business acquisitions. She unpacks pivotal lessons learned during the 2008 financial crisis, her approach to building wealth through buying—not starting—businesses, and the “three C’s” that have been the foundation of her success: curiosity, crowd, and cash.00:00 Introduction to Codie Sanchez01:15 Managing projects and career transitions05:52 From journalism to finance: Money lessons10:25 The three C's for making money12:36 Lessons from the 2008 financial crisis14:45 The value of working for a company first18:14 Hiring principles and ambition differences27:44 Entrepreneurship: Risk and brain systems32:16 Building teams and education critique37:17 Wealth-building and networking strategies44:41 Networking tips for introverts51:29 Business mentorship55:29 Buying businesses and sectors to avoid01:03:07 Strategic focus and opportunity cost01:08:39 Private equity vs accelerators01:11:30 Mike's fitness app and scaling it01:14:38 Reverse engineering and missed chances01:17:26 Partnerships: Challenges and strategies01:22:06 Delegating, hiring, and firing01:31:17 Podcasting: Growth and challenges01:37:06 Social media, assertiveness, and self-perception» Escape the 9-5 & build your dream life - https://www.digitalplaybook.net/» Transform your physique - https://www.thrstapp.com/» My clothing brand, THRST - https://thrstofficial.com» Custom Bioniq supplements: https://www.bioniq.com/mikethurston   • 40% off your first month of Bioniq GO   • 20% off your first month of Bioniq PRO» Join @Whoop and get your first month for free - join.whoop.com/FirstThingsThrstFollow CodieMain Street Millionaire: https://codiesanchez.com/book/Website: https://codiesanchez.com/Instagram: https://www.instagram.com/codiesanchez/