How To Earn Your First 100K - Codie Sanchez | Real Talk With Zuby Ep. 268

Added: Jul 28, 2023

Cody shares her personal journey, starting with her experience in finance, working for big names like Goldman Sachs and Vanguard. She eventually realized that she was making money for people she didn't like and decided to build her own holding company, buying and scaling small businesses. She later became a partner at a private equity firm before starting her own media company called Contrarian Thinking. The conversation begins with Cody emphasizing the importance of finding high-paying jobs that align with your skills and negotiating your salary to increase your earnings. She highlights the need to continuously learn and develop expertise in your field, which can lead to starting your own business or offering consulting services. Cody also talks about the power of money as a tool for thinking critically, as it requires understanding numbers and math. Zuby adds that it's crucial to find the intersection between your skills, interests, and what people need or want. By creating a product or service that serves this intersection, you can generate income and potentially earn your first 100K. He suggests thinking about the math behind it, such as selling a product for $50 and aiming to sell a certain number to reach your financial goal. Both Cody and Zuby stress the importance of hard work and discipline in achieving financial success. They acknowledge that most people are not willing to put in the effort required to excel, which creates opportunities for those who are willing to go the extra mile. They also discuss the concept of competition and how being disciplined and dedicated can set you apart from others. The conversation then shifts to the topic of privilege and its role in wealth accumulation. Cody shares her perspective that privilege can be a double-edged sword. While it may provide certain advantages, it can also hinder personal growth and development. She believes that generational wealth is often not maintained beyond the third generation due to a lack of work ethic and financial stewardship. Zuby adds that the best leaders are often successful in other realms and have no desire to enter politics or bureaucracy. He emphasizes the need for competent and successful individuals to take on leadership roles to bring about positive change. In terms of practical steps to earn your first 100K, Cody suggests finding high-paying jobs, negotiating your salary, and continuously learning and developing expertise. She also advises canceling unnecessary subscriptions, surrounding yourself with like-minded individuals, and prioritizing physical fitness. Zuby adds that it's essential to be disciplined, work hard, and be willing to do what others are not. In conclusion, Cody and Zuby believe that earning your first 100K requires a combination of hard work, discipline, and finding opportunities that align with your skills and interests. They emphasize the importance of continuous learning, negotiation, and personal development. By taking these steps, individuals can increase their earning potential and achieve financial success.