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The James Altucher Show

Codie Sanchez on How to Become a Main Street Millionaire: The Secrets to Profiting from 'Boring' Businesses

The James Altucher Show

James Altucher

Society & Culture, Talk Radio, Writer, Philosophy, Comedy, Chess, How To, Entrepreneurship, Jay, James, The James Altucher Show, Altucher, Author, Jay Yow, Education, Jay The Engineer, Business, James Altucher

4.62.7K Ratings

🗓️ 3 December 2024

⏱️ 110 minutes

🧾️ Download transcript

Summary

James sits down with "Main Street Millionaire" author Codie Sanchez to explore the art of building wealth through "boring" businesses. Codie explains why chasing trendy industries like AI and crypto might not be the best path to financial freedom, and instead focuses on buying, scaling, and profiting from existing small businesses.

Transcript

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0:00.0

If my kids ask me, what is the one podcast we should listen to to create financial security, wealth, whatever?

0:15.8

This is the one I would recommend.

0:18.0

Cody Sanchez is so smart and so thoughtful about business and her own success

0:24.8

and how she's created her own success and the failures she's dealt with and coming back from

0:30.1

those. First off, you have to read her book, Main Street Millionaire. And it's called Main Street

0:34.6

Millionaire for a reason. Her idea is, is that it's the most boring businesses that create the most wealth.

0:43.2

Everyone's chasing, oh, let's create the next AI dot whatever business.

0:50.2

And fine, that's good for them.

0:52.3

But the most reliable way consistently for decades in America to create wealth,

0:59.9

the way she's created wealth, and now she explains it in her book, Main Street

1:03.1

Millionaire, and she explains it on this podcast, how to basically buy, for little or no

1:10.2

money, existing successful businesses in the boring

1:14.6

industries which she describes in this podcast, what she means.

1:17.8

Well, listen to this.

1:19.0

If you have any questions, ask me on Twitter.

1:22.1

We'll answer everything.

1:23.8

So here's Cody Sanchez, author of Main Street Millionaire.

1:27.1

Thank you. So here's Cody Sanchez, author of Main Street Millionaire.

1:36.1

This isn't your average business podcast, and he's not your average host.

1:51.0

This is the James Altager Show. I, you know, I think she caught me in a weak moment, James.

1:53.2

No, but that's nice of you.

1:54.0

You did that.

...

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