Assertion Not checkable as stated
Codie Sanchez crossed the U.S.-Mexico border illegally hundreds of times
“I mean, I saw, I've crossed, crossed the border hundreds of times illegally, documenting sort of what happens in conflict zones.”
Opinion
Codie Sanchez argues that remote work making people happier is a lie
“Some of the research shows, one, higher levels of depression and anxiety with work from home. So I actually think that was a great lie. It was a big, beautiful lie. That sitting in our sweatpants, in our house, on Zoom meetings all day would actually make us h…”
Opinion
Sanchez: Starting with a corporate 9-to-5 job is super underrated
“But I think starting with a nine to five is super underrated today.”
Insight
Sanchez: Startups will not offer structured training programs
“And you go to a startup, there's no way they're putting you through a training program. There's no way they're critiquing your PowerPoint skills. You know, everybody's just barely treading water.”
Insight
Sanchez: Wealth Comes From Earning, Not Investing Without Capital
“Lesson number one is you never get rich investing. You get rich earning. And so the only people who are going to tell you to go invest first to make your first million are people that are trying to sell you something. Because it's just really hard to make mone…”
Assertion Partly supported
Interacting with wealthy peers boosts low-income individuals' lifetime earnings by 30%
“If you are in this neighborhood, and even if your family is in that 50,000 dollars a year bucket, but you interact with some of those rich people, aka you have more Economic interconnectedness. This group of people has a 30% higher earnings over the course of …”
Insight
Sanchez: Most new hires fail from lack of effort, not capability
“I mean, most of the reasons that people don't work out when you hire them is, is not capability, it's effort. And so if you can decrease the likelihood that you won't work hard for them, you have a much higher likelihood of getting the gig.”
Opinion
Vanguard offers low-stress stability but pays at the industry's bottom
“If you want to go work nine to five, have probably little to no stress whatsoever outside of work not have to work a ton, be able to take vacation days, have a low likelihood of getting fired, go work for Vanguard. Like, they're great at that. Like, they love …”
Insight
Sanchez: Professionals Should Embrace Intense Hustle Work Culture When Young
“I don't think you have to do it forever, but you should do it when you're young. And if anybody's getting triggered thinking about, well, I wouldn't want to work for Cody because she's super tough, and she's going to make me work really hard. I think it's a tr…”
Insight
Sanchez: Asking candidates about recent all-nighters reveals true obsession
“One of my favorite questions is, when was the last time you pulled an all-nighter? You stayed up all night working on something that you loved? And a lot of times you can tell if somebody is an interested versus obsessed person by the fact that they're like, Y…”
Insight
Sanchez: It has never been harder to build a profitable business
“I think it is, it's very hard these days to make a profitable business. I think there's never been a harder time to make a profitable business. Never been an easier time to start a business.”
Insight
Wealthy people deflect rejection as feedback while poor mindsets accumulate it
“So rich people have gotten told no so many times. They've been rejected so many times that it almost just bounces off of them. They kind of go, yeah, I'm gonna do it anyway. Thanks for the feedback. I'm gonna try it. I think poor people They have confirmation …”
Insight
Sanchez: Allies want you to win while friends keep you at their level
“And I think that's the difference also between allies, those are people who want you to win, and friends, who are people that want you to stay with them, whatever level they're at.”
Insight
Sanchez: Discarding Relationships When You Outgrow People Damages Your Reputation
“I don't think that people realize the repercussions of not allowing other people to rise with you. And in fact, your reputation is one of your most valuable assets”
Insight
Public figures inoculate their reputations by consistently voicing unpopular truths
“And then we do what's called inoculations against reputation, which is basically
Can you say things a few times that you think are very, very true, but you know will be very, very unpopular?
And if you do that so often, then people don't get that surprised by…”
Insight
Sanchez: Hesitating to fire underperformers stems from managerial ego
“I think it is the peak of ego to be like, oh, I shouldn't let this person go because they have it better with me than anybody else. I don't know. I believe in their individual capacity to go and do something great that lights up their soul. And if this isn't i…”
Assertion Supported
Women wearing makeup earn 15% more annually than equally attractive peers
“There was a fascinating study showing that women who wear makeup but have the same
attractiveness pull in a group of people. So everybody, so you were all sevens, let's say, but a seven who wears makeup versus a seven who doesn't wear makeup will earn 15% mo…”
Insight
Sanchez: W-2 status offers a low-risk wage base to buy assets
“I think W-II is just your tax status. And actually, it doesn't matter. If you, are you not smarter than the average entrepreneur if you are a W-II employee, and you use the wages earned with zero risk, because you're working with somebody else, to invest in as…”
Assertion Supported
Sanchez: Finance is the top category of individuals on the Forbes 100 list
“So the number one category of people on the Forbes, 100 list is some version of finance, whether that's buying and selling companies, whether that's being an active investor in equities, whether that's being in, in hedge funds, but that's the number one way.”
Insight
Codie Sanchez: Financial Freedom Is About Autonomy, Not Working Less
“And then with financial freedom, it wasn't that I wanted to work less, it was that I don't want other people to assert their will on me.”
Insight
Employees must quantify their profit center status to maximize earnings
“It's the best way to make more money is to figure out, one, are you a cost center or a profit center? And then two, how much of a profit center or a cost center are you? And if you can do that, it's not just that you're helping your boss and the company. You a…”
Insight
Sanchez: Workers in Their Twenties Should Optimize for Learning Over Earnings
“So I think when you're in your twenties, you're in your learning phase. You still want to try to increase your earnings, but if I had to choose between earning more or learning in that period, I'd optimize for learning because learning has unlimited upside pot…”
Insight
Sanchez: Wealthy People Want to Help Driven Individuals Who Mirror Them
“When rich people see hungry, driven, competent humans, by and large they want to help because it's rare and you are somehow a mirror for them.”
Assertion Partly supported
Sitting near low performers decreases employee productivity by 30%
“And there was another study that I thought was fascinating about underperformers and high performers. And the study basically showed it was hundreds of employees at many different companies, and it was about proximity. So the, if you sat next to a high perform…”