The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 11 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Sanchez: There are far better paths to $1M a year than doing a startup
“If what you're really going for is I want to make You know, 200,300 1500 thousand, a million bucks a year, and that, that is my goal, not to change the world. There's so many better ways to do it than do a startup, in my opinion.”
Sanchez: Acquire distressed customer lists for zero dollars via revenue shares
“I would be out there right now going after every one of their client lists, even if they were unrelated and doing discounts and coupon codes, giving a rev share to the owner who probably could use it and taking their client space. And that's how I would buy di…”
Sanchez: Do not angel invest until you have made at least $500K to $1M
“Once you've made a few million dollars, and I mean that literally, then I think go into angel investing, or if you're on a path where You're making really good money and you've made at least half a million bucks. Then I think you can start angel investing, but…”
Sanchez: Do not speculate on stocks without an unfair advantage
“If you don't have an unfair advantage, if you can't like write down why specifically you're going to win instead of somebody else, you should be really careful speculating on stocks because the big boys don't really do it.”
Codie Sanchez: Ideological and time freedom require financial freedom
“It's hard to be ideologically free. It's hard to be time free. It's hard to really have any freedom if you don't have financial freedom.”
Sanchez: Early market opportunity exists where people think you are crazy
“When people think you're a little crazy for doing something, there's usually at least some opportunity left. Otherwise, all the smart people would have moved first, and I'm not smarter than anybody else.”
Sanchez: Pack-and-ship store profits come from mailbox rentals, not shipping
“So essentially the money is not in the taping of boxes and the stuffing of stuffing to make sure stuff doesn't break. It's actually in the little mailboxes in the front.”
Sanchez: Modular homes only save cost and time when built at scale
“They're not That much cheaper, and they're not that much faster when you just drop one on your property. And I did a bunch of research, asked a bunch of people, they're kind of sexy, but they're not that much cheaper. But when they are cheaper is when you do t…”
Sanchez: Angel investors need 20 to 40 deals to get 1 to 4 winners
“The thing with angel investing is, you know, this, you need like 20, 30, 40 deals for every one to four that are going to go through.”
Sanchez: Investors must always check debt and lien priority before investing
“And like one thing I've realized about wealth over time is debt is just about everything you should always look for even before you do a startup investment. Is there any debt on the company? Am I in a first lien? Does that, you know, do I have first access to …”
Codie Sanchez: Networking with creators requires building and zero expectations
“You gotta be doing cool stuff to hang around cool people. Rule number one... You have to actually be out there creating thing to be around creators. So I think that's rule number one and it's to have the lowest expectations humanly possible”