Latest news with #CodieSanchez
Yahoo
16 hours ago
- Business
- Yahoo
Codie Sanchez Shares Who You Should Meet To Build Your Network: 'I Don't Need Friends Anymore'
Small business expert Codie Sanchez has acquired many Main Street businesses and teaches others how to do the same. As you set bigger goals and acquire businesses, you start to change as an individual, and that transformation can make you feel isolated. The further you pursue career growth and other goals, the harder it is to find like-minded people. Sanchez presents a solution to this problem while saying something that sounds contradictory. "I don't need friends anymore," she stated. Sanchez then revealed how this mindset can expand your network and introduce more opportunities. Don't Miss: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — Peter Thiel turned $1,700 into $5 billion—now accredited investors are eyeing this software company with similar breakout potential. Learn how you can Sanchez recommends meeting people who have the same goals. For instance, Sanchez said that she needs business partners instead of friends. Business partners can be great friends, but these people also have the same goals and can work with you toward your dreams. You can meet like-minded people on social media, business conferences, online groups, and other locations that these individuals regularly attend. You have to get yourself out there to meet these types of people. While you can meet people online, it's even better to get out of your house and meet people in person. Sanchez's TikTok video included multiple clips where she meets business partners and other individuals who align with her goals. While posting on social media and interacting with people online can be a great starting point, it's great to capitalize on your area. If you can't find any like-minded people in your location, it may be worth it to move somewhere else. Trending: Maximize saving for your retirement and cut down on taxes: . Sanchez doesn't only use this strategy to meet business partners. She's also intentional about finding more gym buddies and allies who push her. Working out with gym buddies may not seem like something that improves your business and finances. However, getting regular exercise and pursuing hobbies can expand your creativity and ability to solve problems. If you do rigorous workouts, it's easier to commit to long-term financial goals that require plenty of sacrifices along the way. If you want to improve in any skill, consider who you have to surround yourself with to make it easier to succeed. Trying to make new friends is the luck of the draw, but if you're intentional about the type of people you want to meet, you have a higher likelihood of finding wrapped up her TikTok video by saying that she regularly looks for hustlers who motivate her. Finding these types of people can introduce you to new ideas that can boost your income and move you closer to your goals. However, motivational people don't have to have a higher status than you. You may be motivated by someone who is hustling hard to make their ventures work and is in the process of upscaling their career. Serving as a mentor for these types of individuals can remind you of valuable lessons that you may have forgotten. You can also find someone that motivates you in one of your hobbies. You may be further along than someone with your finances, but if that same person is further along in your hobby than you are, it's possible to be motivated by that person. Read Next: Image: Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report TESLA (TSLA): Free Stock Analysis Report This article Codie Sanchez Shares Who You Should Meet To Build Your Network: 'I Don't Need Friends Anymore' originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
Yahoo
4 days ago
- Business
- Yahoo
9 Income Streams You Can Build as an Employee, According to Codie Sanchez
From Wall Street to Main Street, Codie Sanchez is leading a revolution in personal finance and wealth. The author of 'Main Street Millionaire' is on a self-proclaimed mission 'to create 1 million financially free humans through business ownership.' Learn More: Up Next: Using her experience from nearly two decades of working on Wall Street, Sanchez has a YouTube channel that offers advice, tips and insights for ways to find fiscal independence without a degree in business or finance. For those who are looking to increase earnings while still working a regular job, Sanchez has a video that breaks down the nine income streams you can build while an employee, which comes from her own personal experience. This is a hard truth, admitted Sanchez, but the first $100,000 you'll make will most likely come from your earned wages with a corporation or company. Sanchez broke it down that, for her, it was 20% salary, 30% of carry (or what she owned in the company), 35% to 40% in bonuses and 10% to 15% in commission. Sanchez pointed out that it is a great way to start earning money, but your salary should not be your sole source of income because it may dry up at some point. Trending Now: Sanchez noted that there are many things that you can leverage to up your earnings, with a top one being time. 'Anytime you can trade your time for somebody else's money, that's going to be your superpower,' Sanchez said. She did this herself, starting a service business that helped people in Latin America do what she was doing in the United States, essentially creating introductions and paths toward business in the region. It was done with a then-colleague of Sanchez's and a few late hours after work. Another mechanism of leverage that Sanchez brought to attention was expertise, which comes only with time and experience. However, it can lead to a great source of income. You can consult in fields in which you are the top of your game and have the resume to back it up. You can start by offering some consulting calls for free — just don't do it forever. 'Take the thing that someone pays you for in your salary or other high area of performance, and do it one-off by the hour,' she explained. And this can be pretty lucrative. As reported by Foundr, consultants can make an average of over $8,000 per month, though that number varies based on the number of hours worked, the type of consulting done and more. There are lots of ways that you can utilize your expertise, but sitting on the board of a company that is in your industry is another excellent method for adding to your income streams, according to Sanchez. A huge hack that Sanchez passed along for those wanting to sit on a board is this: Find their 'who' to solve their 'how' or 'what.' Basically, if you can connect business leaders to solutions via your network, that can be your biggest asset to sitting on a board. You can use your background and expertise to host speaking engagements, where lots of people get your advice, wisdom and answers to their questions in a group setting. 'If you can find a specific niche,' Sanchez explained, 'especially in a niche where other people make money or they bring in attendance, then you too can get paid a lot for speaking at events.' Should you find yourself in the position of getting asked for your expertise on multiple subjects, Sanchez suggested that an info product site could be another fruitful source of income. Here you can create a guide and post frequently asked questions, which could help you generate some passive revenue. It might not be much annually, but it's not exactly nothing either. All you need to start this, in Sanchez's professional experience, is cash, curiosity and crowd. Take a little bit of money to create your info product, tap into a burning need and see how large of an audience is asking for this kind of expertise. The next tool of leverage that Sanchez highlighted was brand awareness, which she used to turn what people knew about her and her personality into an income stream involving newsletter affiliate sales. Start by asking these questions. Where do people ask for your opinion? What would you be doing even if you weren't getting paid for it? What are the hobbies you'd like to get into? What are you really, really uniquely skilled at? Find these answers, and then offer them via your newsletter. Just make sure you like writing and you can commit to writing a newsletter a week for a whole year, according to Sanchez. Sponsorships are another option. But this works at scale only if you have defined your brand, have cultivated a massive audience, and are willing to commit to pushing a product or service from a specific sponsor on your public-facing channels or social media networks. Sanchez warned there is no set amount of pay and you might have to start with payment in the form of free products. However, if you are willing to put in the time, start small and don't mind sharing the profits with a sponsor, there is money to be made without quitting your day job. The last leverage that Sanchez encouraged viewers to take stock of is money — advocating that when you make money, it is important for you to continue growing your money. If you can be the backer of buying a home to turn into an Airbnb or invest in a laundromat business, for example, there is money to be made without lifting too much of a finger. As reported by Airbnb, it's estimated that hosts in the U.S. made an average of $14,000 in supplemental income from Airbnb last year. Just make sure you have a partner who is willing to manage the businesses if you are putting up the cash to start these kinds of money-generating enterprises. More From GOBankingRates 10 Unreliable SUVs To Stay Away From Buying This article originally appeared on 9 Income Streams You Can Build as an Employee, According to Codie Sanchez Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
12-06-2025
- Business
- Yahoo
Codie Sanchez Reveals The Best Way To Become Rich: 'If You Want To Attract Things, The Best Way To Get Them Is To Be Great Yourself'
Small business personality Codie Sanchez has made millions of dollars from her acquisitions while empowering people with the knowledge to enter Main Street businesses. She speaks with many people who want to make more money and have a bigger impact on the world, and she recently revealed the mindset you need to accomplish any goal. "If you want to attract things, the best way to get them is to be great yourself," Sanchez stated. Here's how you can use this mentality to reach long-term financial goals and grow your business. Don't Miss: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — Deloitte's fastest-growing software company partners with Amazon, Walmart & Target – We cannot control what happens in the world, but we can control our response and the actions we take. Focusing on what we control gives us more power to shape our worlds and attract the things that we desire. Sanchez mentioned money, but she didn't only touch on finances. She also explained that you have to be a great partner if you want a great partner in your life. It takes a while to find the right partner or achieve long-term financial goals. However, you don't want to find yourself unprepared when a great partner or financial opportunity arrives. If you commit to improving yourself each day, you have a better chance of success. Being great yourself will attract opportunities. You won't have to chase clients or a good partner if you establish yourself as a great individual in the areas that align with your goals. Trending: Invest where it hurts — and help millions heal:. Although Sanchez touched on finding the right partner, most of the conversation focused on accumulating wealth. She implores people to ask themselves what a rich person would do. Asking yourself questions like these can spark better thoughts and inspire the right type of action. Sanchez then explained what millionaires do based on her path to the big milestone and her conversations with other millionaires. She mentioned that rich people work harder than everyone else and surround themselves with people who elevate their lives. They are very intentional about who stays in their inner circle. If you aren't sure what rich people would do, pay attention to how rich people like Sanchez conduct themselves. Notice their actions, who they surround themselves with, and what types of books they read. You can apply this approach to any area you want to become great at, not just wealth TikTok clip ends with Sanchez explaining that you have to break negative stories you may have about yourself before they can take a tactic and do anything with it. Rewriting negative stories can help you feel more excited about future opportunities instead of thinking about how you fell short in the past. You can change your perspective on negative stories by revisiting them and attempting to frame them in a positive light. Each negative experience teaches lessons and can help you become a better person. Another option is to build small wins that change how you feel about yourself right now. You don't have to do something heroic to suddenly build positive momentum. Something simple like scheduling five social media posts for your personal brand can give you a sense of progress and flip the script in the process. Read Next: Here's what Americans think you need to be considered wealthy. 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. Image: Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report TESLA (TSLA): Free Stock Analysis Report This article Codie Sanchez Reveals The Best Way To Become Rich: 'If You Want To Attract Things, The Best Way To Get Them Is To Be Great Yourself' originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
Yahoo
10-06-2025
- Business
- Yahoo
Codie Sanchez Says Passive Income Doesn't Exist — Here's Why
Are you trying to build passive income? By now, you've probably heard dozens of different strategies for unlocking passive income, from buying real estate to opening a laundromat. Learn More: Consider This: However, Codie Sanchez has a unique take, arguing that passive income doesn't exist. In this article, GOBankingRates will cover two reasons why Sanchez believes passive income is a lie. Sanchez's first argument that passive income doesn't exist is that nothing is no work. The idea of having to do absolutely no work doesn't exist. At a minimum, you need to do the work upfront to get a bunch of money to apply to some other type of income. For example, working until you have enough money saved to invest in dividend stocks that replace your income. This strategy still takes work upfront. Additionally, someone is working even if it isn't you. Take a laundromat, for example. You still need staff to run the laundromat, which includes collecting money, cleaning machines and helping customers. Even if you aren't the one completing the work, passive income still takes someone's labor. Before you throw in the towel and pursue a 'passive' income stream, do your due diligence on how much work is actually needed. Explore More: The next reason Sanchez gives to debunk passive income is that humans crave work. Most humans are happy to work. Even though most Americans don't like what they do for a living, they want some type of work. When you're stuck in a dull job, you would rather do anything else. Influencers exploit this, telling you that passive income will make you happy. Although sitting on the beach collecting income sounds great in theory, it can be boring. Humans are wired for intellectual growth and forward progression. This makes it important to find something you care about doing that gives you the ability to continue to learn and earn. Passive income isn't always the saving grace that people believe it is. Do you agree with Sanchez? Finding the right balance between passive and active income is important to live a fulfilling life. For example, you might build a dividend portfolio that supports 80% of your lifestyle but also find a part-time job in a field you love. This keeps you living a fulfilled life. More From GOBankingRates 7 Tax Loopholes the Rich Use To Pay Less and Build More Wealth This article originally appeared on Codie Sanchez Says Passive Income Doesn't Exist — Here's Why Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
10-06-2025
- Business
- Yahoo
Codie Sanchez Says Passive Income Doesn't Exist — Here's Why
Are you trying to build passive income? By now, you've probably heard dozens of different strategies for unlocking passive income, from buying real estate to opening a laundromat. Learn More: Consider This: However, Codie Sanchez has a unique take, arguing that passive income doesn't exist. In this article, GOBankingRates will cover two reasons why Sanchez believes passive income is a lie. Sanchez's first argument that passive income doesn't exist is that nothing is no work. The idea of having to do absolutely no work doesn't exist. At a minimum, you need to do the work upfront to get a bunch of money to apply to some other type of income. For example, working until you have enough money saved to invest in dividend stocks that replace your income. This strategy still takes work upfront. Additionally, someone is working even if it isn't you. Take a laundromat, for example. You still need staff to run the laundromat, which includes collecting money, cleaning machines and helping customers. Even if you aren't the one completing the work, passive income still takes someone's labor. Before you throw in the towel and pursue a 'passive' income stream, do your due diligence on how much work is actually needed. Explore More: The next reason Sanchez gives to debunk passive income is that humans crave work. Most humans are happy to work. Even though most Americans don't like what they do for a living, they want some type of work. When you're stuck in a dull job, you would rather do anything else. Influencers exploit this, telling you that passive income will make you happy. Although sitting on the beach collecting income sounds great in theory, it can be boring. Humans are wired for intellectual growth and forward progression. This makes it important to find something you care about doing that gives you the ability to continue to learn and earn. Passive income isn't always the saving grace that people believe it is. Do you agree with Sanchez? Finding the right balance between passive and active income is important to live a fulfilling life. For example, you might build a dividend portfolio that supports 80% of your lifestyle but also find a part-time job in a field you love. This keeps you living a fulfilled life. More From GOBankingRates These 10 Used Cars Will Last Longer Than an Average New Vehicle This article originally appeared on Codie Sanchez Says Passive Income Doesn't Exist — Here's Why Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
