Success is Contagious: Learning from 9-Figure Mentors
What can you learn from 9-figure mentors? That success is contagious, and that you need to shed the 'bullshit' to be truly big. An inside peek at the advice of my confidants.
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Codie Sanchez
Investing millions in boring businesses & sharing what I learn. On a mission to create 1M financially free humans | My bio, not my tombstone, I hope it changes
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You need three types of mentors:
— Codie Sanchez (@Codie_Sanchez) June 24, 2023
• Up-and-comer with hustle. Youth leads.
• Same-level player. Learn together.
• A billionaire to your millionaire...
5 hard lessons from my 9-figure mentors: -
There is a truth:
— Codie Sanchez (@Codie_Sanchez) June 24, 2023
If you want to be rich, hang out with the rich.
It turns out success is contagious.
An inside peek at the advice of my confidants: -
1. Thinking small: Bill Perkins
— Codie Sanchez (@Codie_Sanchez) June 24, 2023
I sat overlooking the lake at his $50M+ compound.
He cuts right to the chase:
"You've invested in small businesses so long, small has infected your thinking." -
I took a deep breath. He’s right.
— Codie Sanchez (@Codie_Sanchez) June 24, 2023
“You need to shed the bullshit, or you’ll never be truly big.”
Ugh. That hurts.
The biggest life hack isn’t a tactic or a tool. It’s a way of thinking.
Small thinking will kill you the fastest. -
2. Who not how: Leila Hormozi
— Codie Sanchez (@Codie_Sanchez) June 24, 2023
I was drowning & she was throwing a lifeline.
A point comes for every CEO: You want to either jump off a cliff, have a good cry, sell the biz, or fire everyone.
It’s because of one issue no one ever tells you when you start – your people. -
But Leila is a master at people.
— Codie Sanchez (@Codie_Sanchez) June 24, 2023
She said a line that freed me:
“You don’t have a business, you have a job. Until you hire right, your business owns you not the other way around.”
Damn.
You don’t have a how problem, you have a who problem. Solve that and you solve everything. -
3. CEE Frame: Chris Petkas
— Codie Sanchez (@Codie_Sanchez) June 24, 2023
Chris taught me a framework he learned as a Navy SEAL.
It's changed the way I manage my businesses.
Because it turns out... you need to teach your people how to prioritize.
So he taught me this: -
The CEE Frame:
— Codie Sanchez (@Codie_Sanchez) June 24, 2023
When people want more resources...
Always ask,
"Is this critical, essential, or enhancing?"
• Critical = We can't move until it's fixed
• Essential = We can limp along w/o it
• Enhancing = It will supercharge us -
4. Nonconformity: Alex Duran
— Codie Sanchez (@Codie_Sanchez) June 24, 2023
He manages a multi-billion $ hedge fund. He's my # 1 mentor, who doesn't even know he is.
One night I candidly asked how he made his fortune... His response surprised me:
"I train my brain to perform one task incredibly well… to never conform.” -
He explained it like this...
— Codie Sanchez (@Codie_Sanchez) June 24, 2023
The Funnel to Nonconformity:
+ Be a funnel for ideas
+ Ideas fight on merit, not emotion
+ Find courage to act in nonconformity
= Opportunities others never see, or are too scared to act upon -
5. No one cares: Andrew Wilkinson
— Codie Sanchez (@Codie_Sanchez) June 24, 2023
He had just taken his company public.
$850M CAD valuation. Oof.
So when he came to Austin, I had to sit down with this internet friend IRL and see what I could learn.
It quickly became a therapy session where I told him all my fears... -
I asked him, “How do you get comfortable with failing publicly? What if your bets don’t work?”
— Codie Sanchez (@Codie_Sanchez) June 24, 2023
His response:
“No no one ultimately cares about you. No one will remember you. You are the only person who sees you in the mirror.”
Poignant AF. -
You're never too good to have mentors.
— Codie Sanchez (@Codie_Sanchez) June 24, 2023
Follow @Codie_Sanchez for more like this, and RT here if you want to share:https://t.co/zfVz7qU9n0 -
I write snippets like this in my newsletter from time to time.
— Codie Sanchez (@Codie_Sanchez) June 24, 2023
Unique people I meet, nuggets of advice they give, the secrets to their wealth...
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