5 Money Rules Nobody Taught You in School | Money & Business Expert Codie Sanchez
Hard work doesn't make you wealthy. If it did, the person running your local laundromat would out-earn Jeff Bezos.In this clip, Codie Sanchez and Jay Shetty talk about why owning a home might not be the smart financial move it used to be, and why you suffer less from a lack of money than a lack of knowing how to get it.
Codie breaks down the real difference between debit and credit cards, why "passive income" is mostly a myth, and the one mentality shift she calls it fixer vs. freeloader that decides who actually gets rich.
Learn about the lipstick theory that predicts a recession before the headlines do, and why the smartest thing you can do with your money right now might be nothing like what your parents did.
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Chapters
0:00 — Why it feels like a bad time to make money
1:24 — Buffett's rule: be greedy when others are fearful
3:18 — Is owning a home still the smart move?
4:20 — The financial literacy gap nobody talks about
4:58 — The debit card myth that kills your credit
8:37 — Warren Buffett's real relationship with debt
10:02 — You don't lack money, you lack knowledge
10:46 — Should everyone have a side hustle?
13:26 — The three things that make a great CEO
14:10 — How to actually get a raise
17:07 — Why hard work doesn't equal wealth
19:14 — Is passive income a myth?
20:34 — The difference between a hobby and a skill
27:00 — Fixers vs. freeloaders
33:09 — The lipstick theory of recessions
34:31 — Why marriage is a financial advantage
39:59 — Who should pay on the first date
44:27 — Why you should always sign a prenup
47:05 — The four stages of investing
54:08 — What people waste money on instead of getting rich
Watch the FULL episode on Netflix & Spotify 🎙️
Netflix - https://dub.sh/QaUsKeD
Spotify - https://dub.sh/axUXylv
Full Episode With Codie Sanchez:
https://www.youtube.com/watch?v=tE6CwaBxuN4
Episode Resources:
https://codiesanchez.com/
https://www.youtube.com/@CodieSanchezCT
https://www.instagram.com/codiesanchez
https://www.facebook.com/codiesanchezbiz/
https://www.tiktok.com/@realcodiesanchez
https://www.linkedin.com/in/codiesanchez/
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