#922 Codie Sanchez On Building Cashflow Through Boring Businesses

The Pomp Podcast

Anthony Pompliano

Business, Investing

4.8 • 1.9K Ratings

🗓️ 19 April 2022

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

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Summary

Codie Sanchez is an entrepreneur, investor and the founder of the "Contrarian Thinking" Newsletter. She focuses on acquiring small businesses with hopes of turning them into immediate cashflow. In this conversation, we talk about all the "boring" businesses that will give you cashflow and help build an incredible portfolio. We cover everything from ice machines, ATMS, and renting out your pool and car. Codie and I also talk about new sectors in tech that she's excited about and how you can make $1000 a week if you're just starting out. ======================= LMAX Digital - the market-leading solution for institutional crypto trading & custodial services - offers clients a regulated, transparent and secure trading environment, together with the deepest pool of crypto liquidity. LMAX Digital is also a primary price discovery venue, streaming real-time market data to the industry’s leading analytics platforms. LMAX Digital - secure, liquid, trusted. Learn more at LMAXdigital.com/pomp ======================= The Pod Pro Cover by Eight Sleep is the most advanced solution on the market for thermoregulation. It pairs dynamic cooling and heating with biometric tracking. Go to https://www.eightsleep.com/Pomp to check out the Pod Pro Cover and save $150 at checkout. Eight Sleep currently ships within the USA, Canada, and the UK. ======================= The world's 2nd largest crypto exchange, OKEx, has dropped the "E" to become OKX, reflecting its evolution from a traditional crypto exchange to a comprehensive, cross-platform crypto services provider. With OKX's decentralized platform and Web3 wallet, MetaX, you have full custody over your crypto. Explore DeFi, NFTs and play-to-earning gaming with the world's most powerful crypto exchange. Visit OKX.com to learn more. =======================

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
0:13.4	and investor, specifically focused on small businesses where she can acquire a minority stake
0:18.3	and or optimize for cash flip. I always enjoyed talking to Cody,
0:22.2	and in this conversation, we talked about ice fending machines, optimizing and automating a number of
0:26.9	different industries, what she would do to make $1,000 a week if she was just starting out,
0:31.2	and also how people are renting out their pools and their homes or cars across a number of
0:36.3	different platforms.
0:42.2	These brainstorm sessions with Cody are so much fun, and I hope that you're enjoying them.
0:45.6	Before we get into this episode, though, I first want to talk about our sponsors.
0:49.7	First up is Elmax Digital, the number one institutional crypto exchange.
0:52.5	They offer clients the deepest pool of crypto liquidity on the planet,
0:56.4	underscored by 100% uptime track record through volatility spikes.
1:01.1	They leverage LMAX groups, liquidity relationships, and ultra-low latency technology.
1:06.0	Elmax Digital is the market-leading solution for institutional crypto trading and custodial services.
1:10.0	You've never heard of LMAX Digital is probably because you are not an institution.
1:12.1	They have no retail, only institutions.
1:18.0	They feature a central limit order book streaming spot Bitcoin, Ether, Lightcoin, and Bitcoin Cash,
1:20.5	all paired with U.S. dollars, Euro, and yen.
1:24.2	Elmax Digital, they're secure, they're liquid, and they're trusted.
1:30.6	Learn more at elmaxdigital.com slash pomp. Again, elmaxdigital.com slash pomp. This episode is brought to you by 8Sleep. Eight Sleep is the single best product that I have
1:36.7	purchased over the last three years. It completely changed my life. I'm not joking. Pay attention.
	...

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