249. Codie Sanchez — Maximizing Income: Strategies for Achieving Financial Freedom

The Game Changing Attorney Podcast with Michael Mogill

Can calculated decisions lead to true financial freedom, or is it all just wishful thinking? Prepare to discover how one entrepreneur turned a series of sound yet lucrative investments into a multimillion-dollar empire.

Meet Codie Sanchez, a finance maven who's on a mission to create financially free and free-thinking humans. As the Founder & CEO of Contrarian Thinking — one of the fastest-growing financial media businesses in the nation — she's helped thousands of entrepreneurs grow, buy, and sell profitable businesses.

In this episode of The Game Changing Attorney Podcast, Codie and Michael Mogill discuss:

• The three realms of income — and how to maximize all of them
• Why the path less traveled isn’t always the best one to take
• How to set yourself up for success in buying or selling your law firm
• And more!

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Show Notes:

03:56 – Why Codie is obsessed with people getting ownership

07:53 – Why you need to stop chasing unicorns

13:37 – How to buy your first business

15:47 – How to determine if you’re cut out for entrepreneurship

18:14 – Why you should pick the path MORE traveled

20:43 – The criteria of a good investment vs. a bad one

24:08 – How to make your law firm investable

27:12 – The differences between cashflow and cashsuck businesses

31:14 – Why making money and keeping money are two different things

33:45 – How to effectively work with your spouse

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Links & Resources

• Contrarian Thinking
• Contrarian Community
• Forbes
• Episode 151 of The Game Changing Attorney Podcast with Bill Perkins
• The FIRE Movement
• The FatFIRE Movement
• Maslow’s Hierarchy of Needs
• Henry David Thoreau
• The 7 Horsemen of the Great Sell-Off
• Warren Buffett
• How To Build A Business That Will Sell For Millions (12-Month Plan)
• Cashflow Businesses vs. Cashsuck Businesses
• Exxon
• Morgan Housel
• The Psychology of Money (Book)
• Contrarian Thinking’s Small Biz Buyer Insights Report 2024

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Past guests on The Game Changing Attorney Podcast include: David Goggins, John Morgan, Alex Hormozi, Randi McGinn, Kim Scott, Chris Voss, Kevin O’Leary, Laura Wasser, John Maxwell, Mark Lanier, Robert Greene, and many more.

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If you enjoyed this episode, you may also like:

• #151 Bill Perkins — Die With Zero: Getting All You Can From Your Money and Your Life
• #223 Chad Willardson — Achieving Financial Freedom: Strategies for Building Abundant Wealth
• #201 AMMA — Take the Stairs: The REAL Path to Growth