#1112 Codie Sanchez On How To Get Rich During A Recession
The Pomp Podcast
Anthony Pompliano
4.8 • 1.9K Ratings
🗓️ 31 October 2022
⏱️ 87 minutes
🧾️ Download transcript
Summary
Codie Sanchez is an entrepreneur, investor, & founder of "Contrarian Thinking". In this conversation, Codie gives us all of the alternative ways you can earn your way to millions of dollars. Some of these strategies involve buying "boring businesses", which can bring in large amounts of yearly cashflow. We also discuss how young people can win during this recession, various business ideas, how to make money if you have no money, and tips on how to get paid more at your job.
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Transcript
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| 0:00.0 | What's up, everyone? This is Anthony Pompliano. Most of you know me as Pomp. You're listening to the Pomp |
| 0:07.4 | podcast, simply the best podcast out there. Now let's kick this thing off. Cody Sanchez is an entrepreneur, |
| 0:14.0 | investor, and the founder of contrarian thinking. In this conversation, we talk about a lot, |
| 0:19.3 | including how you can make money during a recession, |
| 0:22.0 | why she is so obsessed with boring businesses, and then we go through tactical advice around |
| 0:27.0 | specific businesses, evaluating ideas, how to allocate capital, and what you at home can do |
| 0:32.5 | immediately to get started. I really enjoyed this conversation with Cody, and hope you |
| 0:36.6 | guys enjoy it as well. |
| 0:37.8 | After listening to the episode, jump on Twitter. Let us know what you liked, what you didn't like, |
| 0:41.2 | what you agree with, and what you disagree with. I really appreciate the feedback and it helps |
| 0:44.7 | us create better episodes in the future. All right, let's get in this episode with Cody. Hope you |
| 0:48.8 | all like this one. Anthony Pompliano runs Pomp Investments. All views of him and the guests on his podcast are solely their opinions and do not reflect the opinions of Pomp investments. |
| 0:59.1 | You should not treat any opinion expressed by Pomp or his guest as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of his personal opinion. |
| 1:10.1 | This podcast is for informational purposes only. |
| 1:13.3 | All right, guys, bang, bang. I'm here with Cody. The world's going to shit. The entire economy is collapsing. |
| 1:18.6 | How do we make money? I like it. I think that is the question everyone's asking themselves, is they're watching stock prices fall. Real estate's now cooling off, crypto has essentially imploded, |
| 1:28.5 | just kidding, and you know, got to give a shout out to the faithful. |
| 1:32.7 | People are really worried. |
| 1:33.9 | And there's a couple different reactions to people say, hey, I don't want to invest at all. |
| 1:37.4 | I'm just going to save my money and like just wait until everything recovers. |
| 1:40.8 | But then there's other people, they see blood in the streets and they're ready to go. |
| 1:43.6 | What do you think is kind of the play here? How do people make money during a downturn? |
... |
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