The Truth Nobody Tells You To Get Rich In Your 30s

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  • čas přidán 15. 05. 2024
  • Want to learn how to buy a business? (Free Consult): contrarianthinking.typeform.c...
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    -----------------------------------------------------
    WHAT BROUGHT ME TO CZcams: I worked at Goldman Sachs, in Private Equity, and built up a $100M holding company. But after being in Wall Street for so long, I got tired of managing hundreds of millions for the rich. Investing was for the few not the many. F that. You all are the reason I do this. We as a society need to get rich together. My mission is to create 100,000 business owners, I hope you’re one.
    💸If you have a startup you want $ for: www.contrarianthinkingcapital.com
    🤝If you want to sell us your small business: www.mainstreethold.co
    📸 Instagram - / codiesanchez
    🐦 Twitter/X - / codie_sanchez
    -----------------------------------------------------
    Check out my other favorite videos! 🔽
    • The Richest People In ...
    • 9 Middle Class Habits ...
    • 9 Things to Stop Doing...
    -----------------------------------------------------
    The BE AN ADULT SECTION 🤗
    All content on the Codie Sanchez CZcams channel reflects my own opinions and should NOT be taken as legal advice, financial advice, or investment advice. Please seek out the guidance of professionally trained and licensed individuals before making any decisions. Some links in the description may be affiliate links.
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Komentáře • 141

  • @CodieSanchezCT
    @CodieSanchezCT  Před 9 dny

    Want to learn how to buy a business? (Free Consult): contrarianthinking.typeform.com/to/WBztXXID

  • @busyworksbeats
    @busyworksbeats Před měsícem +57

    The dangerous part about “friends” is that we allow them to pass through the trust barrier without judgment.

  • @richhands5269
    @richhands5269 Před měsícem +18

    My three favorite channels: Codie Sanchez, Stock Brotha, & How Money Works. Make my week complete! 🔥 🔥 🔥

  • @VanHuynh-zj5gj
    @VanHuynh-zj5gj Před měsícem

    Thank you so much for this episode! I absolutely love the takings and the way you convey them.

  • @happygouniverse
    @happygouniverse Před měsícem +1

    You bring me JOY Codie, thank you! :) Spot on advice, wish I had in my 20's

  • @d.t.4523
    @d.t.4523 Před 28 dny

    Thank you, keep working.

  • @LaundromatEntrepreneur
    @LaundromatEntrepreneur Před měsícem

    This is actually so good. Thanks for sharing this!

  • @chainsawerekson2972
    @chainsawerekson2972 Před měsícem

    Right on time, perfect!
    Exactly what needs to be said. Right now.

  • @jackiemellado5233
    @jackiemellado5233 Před měsícem +1

    Thank you Codie needed to watch this video. It’s not over

  • @RobertoMartinez-pr9bd
    @RobertoMartinez-pr9bd Před měsícem +1

    God bless and Happy Easter to you and your family 😊.

  • @loyalityone
    @loyalityone Před měsícem +4

    One of your best videos! Great advice.

  • @miguelgalvez7960
    @miguelgalvez7960 Před měsícem +1

    One of your best videos! I feel related and truly enjoy it!

  • @timothybracken1728
    @timothybracken1728 Před měsícem

    I'm a huge fan of your videos. Quick and straight to the point !

  • @nancysmith9487
    @nancysmith9487 Před 8 dny

    Thank you for sharing your experiences

  • @Gr33ni3Witch
    @Gr33ni3Witch Před měsícem

    Thank you so much for your knowledge! I wish I had seen your stuff back in my 20s and I’m 50 now and what you’re saying is actually making sense to me!!

  • @VishalMehta
    @VishalMehta Před měsícem

    Codie you are truly an inspirational. I loved all your content and it's truly inspiring me a lot. Keep sharing valuable content.

  • @WEALLSHINE95
    @WEALLSHINE95 Před měsícem

    Love you Codie, ever since I found you, I've been learning a lot from you. Also, I need to read them books you recommend! 😊 Keep it up!

  • @XojiAkaVlogs
    @XojiAkaVlogs Před měsícem

    Great insights! Thanks for sharing.

  • @iminharmsway
    @iminharmsway Před měsícem +10

    In mortgage world, we use 2080 as the denominator to calculate hourly wage (based on 40/hrs wk).

  • @JnFalcon
    @JnFalcon Před měsícem +5

    You are articulate things so well. I appreciate all the value you drop on YT!

  • @kenyonlanders2888
    @kenyonlanders2888 Před měsícem

    Great video Cody
    Most people are happy with much and sad with little, but the truth is, they can have much and still be sad.
    You don't need to have everything to enjoy life, you already have life to enjoy everything.
    You also do not run a business to get in shape for business, you get in shape for business before you run it.
    Big mistake people make is never getting a mentor, never understanding equity, and never truly understanding leverage.
    Experience is truly the best teacher. Take leaps of faith, meet people. You will learn that business is more about people than it is about money

  • @Nicvandykk
    @Nicvandykk Před 15 dny

    Favorite part is the whiskey advice ❤

  • @TheHanibal674
    @TheHanibal674 Před měsícem

    What a master piece 👏👏

  • @thisclublife
    @thisclublife Před 15 dny

    🎉🎉🎉 it’s about longevity and most wisdom comes from experience over decades!

  • @karinadelgadillo8798
    @karinadelgadillo8798 Před měsícem

    Love this video

  • @iMBox
    @iMBox Před měsícem

    Hey Codie, you are a fastastic presenter of information. Watching you does bring me joy, thank you. Your enthusiasm, passion, warmth comes through to me. Unfortunately, I think it takes one to know one and although you present concepts so simply, you summarise years of studies & research in the space of several seconds. I question if humanity is ready to leverage on others' experiences, we may still need to learn from our own lessons 😊

  • @mrsterling5306
    @mrsterling5306 Před měsícem

    New subscriber here!
    Really liking what Codie has to say.🙂

  • @blaketheisen2297
    @blaketheisen2297 Před měsícem +1

    Great video

  • @VidhathShetty
    @VidhathShetty Před měsícem

    I'm 24 and this saves me alot of time. Thank you codie now lets get to work

  • @RaphaelSafr
    @RaphaelSafr Před měsícem +8

    Great insight.
    Thanks for sharing 👍

    • @LSBContractingLLC
      @LSBContractingLLC Před měsícem

      It is very crucial to know that planning to earn in today's market is an intricate process that necessitates not only strategic foresight but also expert guidance. It's paramount to align ourselves with seasoned financial advisors who can steer our investments toward optimal growth.

    • @BendyChoy
      @BendyChoy Před měsícem

      I recently connected with Folmar Advisory, a reputable advisory firm that matches individuals with skilled financial advisors. Their personalized approach has had a positive impact on my financial journey.

    • @BendyChoy
      @BendyChoy Před měsícem

      Within just a year of partnering with one of their recommended advisors, my investment portfolio experienced an impressive growth.

    • @georgeearling905
      @georgeearling905 Před měsícem

      That's remarkable! How did you come across this Advisory firm and how does their matching process work.

    • @LSBContractingLLC
      @LSBContractingLLC Před měsícem

      I also discovered Folmar Advisory through online search of the name. Their commitment to client satisfaction and financial education is impressive. They connect clients with advisors who align with their goals and values.

  • @TheGeenie18
    @TheGeenie18 Před měsícem

    The best!

  • @dolarscolardonutesh5199

    You have a beautiful speaking voice. I think you could even be a stand up comedian if you wanted.❤😂🎉

  • @carolinasotoc
    @carolinasotoc Před 21 dnem

    Codie, I love your blouse. Could you share the Amazon link?

  • @KenzKarumarot
    @KenzKarumarot Před 27 dny

    thank you i am 29 and was thinking it was too late for me and i didn't make like the teenagers we see in social media thank you.

  • @ultralearning_projects
    @ultralearning_projects Před měsícem

    This video spits so much truth! I am in my 30s now, feeling so much better and when I tell people I am happier getting old, they look at me like I'm speaking alien. 😂

  • @tomfromtartu9706
    @tomfromtartu9706 Před měsícem

    Paycheck =/= Playcheck
    good one

  • @philipdrew10
    @philipdrew10 Před měsícem

    Good Cody this lines up with how I understand how it works as in I didnt know this stuff till now. ❤❤❤

    • @philipdrew10
      @philipdrew10 Před měsícem

      Bit old though. Now its really just social media....sales...ads

  • @cathyospinaaa
    @cathyospinaaa Před měsícem

    ASU?! I'm going to start in May! Too funny

  • @SanjeevKumar-hs6gp
    @SanjeevKumar-hs6gp Před měsícem

    There should be a Netflix series on your life journey ❤

  • @StarcoreLabs
    @StarcoreLabs Před měsícem +2

    It's good to be generous and helpful within the confines of a company or career where reciprocity exists. However, remember that givers must set limits because takers never do. Be on guard against the narcissistic users in and outside of work. They will take whatever you give them without feeling they need to reciprocate.

  • @ZephyrinSkies
    @ZephyrinSkies Před měsícem +2

    I think there's an editing error from 8:34 - 8:48
    Was hard to catch what you were saying because of the odd edit. Thanks for the content regardless.

    • @ZephyrinSkies
      @ZephyrinSkies Před měsícem

      @GetInTouchAboveForMentorship Begone scammer

  • @JohnPretty1
    @JohnPretty1 Před měsícem

    Codie, I subscribed as I like your style and I'm hoping that some of that positive money vibe will rub off on me. Many people think they want to get rich so that they can retire and live an easy life; but living involves activity. In fitness it is often said, "use it or lose it", I think the same applies to life. I decided some years ago that whatever happens I never want to retire. Slow down maybe, but never do nothing - only corpses do nothing.

  • @busyworksbeats
    @busyworksbeats Před měsícem +5

    Friends or snakes in sheep’s clothing?

  • @opencuriosity
    @opencuriosity Před měsícem

    Thank you for the knowledge you have shared, really grateful for it. However I will have to say that your location is a super crucial factor as I believe your contents are "highly" favorable to more developed countries, specifically the Top western ones.
    It is really hard to do that in a developing environment (country) with less opportunities and resources.

  • @ZephyrinSkies
    @ZephyrinSkies Před měsícem +3

    Imo the concept of "not buying Starbucks" to save money applies to a certain type of person who's eyeball-deep in debt from being a mindless consumer and can barely afford to live because their grasp on finances is so poor, and that's the first of many steps to getting out of that hole they've put themselves in. It's meant for the people at the bottom who don't yet have the position or mindset to be entrepreneurs. But I do see and agree with your point that's not the deciding factor that will turn you into a millionaire.

    • @LycorisThe
      @LycorisThe Před 13 dny +1

      I agree with your point. A person needs to learn how to *not* spend money for any other financial advice to work.

  • @RobertoMartinez-pr9bd
    @RobertoMartinez-pr9bd Před měsícem +1

    😂 Here in NYC, I can still buy good coffee for 1.50 and a toasted bread, also for 1.50, total 3 bucks. The 🍞 is baked fresh every day.

  • @demanevan
    @demanevan Před měsícem +1

    Ayeee codieeeeee. Always coming with the bangers. Thanks for what you do!

  • @user-iv4vw8gb7i
    @user-iv4vw8gb7i Před měsícem +1

    Golden. Words

    • @user-iv4vw8gb7i
      @user-iv4vw8gb7i Před měsícem

      @GetInTouchAboveForMentorship my greets I'm. Mr.Bandar. Rom. Saudi Arabia. Wate is. Top. 20 stats. Open Veding Michne LLC

    • @user-iv4vw8gb7i
      @user-iv4vw8gb7i Před měsícem

      @GetInTouchAboveForMentorship morrrr. Welcome. U. Greeeet. Lady

    • @user-iv4vw8gb7i
      @user-iv4vw8gb7i Před měsícem

      What are the best 20 American states for a vending machine LLC

    • @user-iv4vw8gb7i
      @user-iv4vw8gb7i Před měsícem

      What are the best 20 American states for a vending machine LLC

  • @TheWassaw123
    @TheWassaw123 Před měsícem

    Yeah Instagram and Twitter is full of results

  • @in4theride75
    @in4theride75 Před měsícem +9

    I literally saved my way to my first $300,000 by 30 with a completely average annual income $55k/year so that part of your advice is bunk, but you are correct that true wealth, the tens of millions, has to be attained by earning instead of saving.

    • @CorneliaPauline
      @CorneliaPauline Před měsícem

      What were some of your saving techniques ? Do share.

    • @in4theride75
      @in4theride75 Před měsícem

      ​@@CorneliaPauline 1) Lived in a lower cost of living area and had 6 roommates to bring my housing price down to $200/month.
      2) Meal prepped all my meals for the month with a single shopping trip to save money on bulk sizes. This brought grocery bill down to about $200/month.
      3) Jobs were always within 2-3 miles so I could bike or had a company issued car to remove car payment, registration, and insurance from the bills.
      4) Kept all social activities under $5. Joined hiking groups, mountain biking, house parties instead of restaurants, theaters, etc.
      5) Kept a strict budget to analyze my odds and ends spending to ensure it never exceeded $100/month.
      6) Invested every penny I made that didn't cover these bills into 3 index funds, one that tracked the whole market (10%), one that tracked S&P 500, (50%), one that tracked the NASDAQ (40%).
      This kept all my monthly expenses under $600 allowing me to invest over $2,000/month. Now, I wouldn't necessarily recommend this exact strategy but it absolutely works.

    • @in4theride75
      @in4theride75 Před měsícem

      @@CorneliaPauline 1) Lived in a lower cost of living area and had 6 roommates to bring my housing price down to $200/month.
      2) Meal prepped all my meals for the month with a single shopping trip to save money on bulk sizes. This brought grocery bill down to about $200/month.
      3) Jobs were always within 2-3 miles so I could bike or had a company issued car to remove car payment, registration, and insurance from the bills.
      4) Kept all social activities under $5. Joined hiking groups, mountain biking, house parties instead of restaurants, theaters, etc.
      5) Kept a strict budget to analyze my odds and ends spending to ensure it never exceeded $100/month.
      6) Invested every penny I made that didn't cover these bills into 3 index funds, one that tracked the whole market (10%), one that tracked S&P 500, (50%), one that tracked the NASDAQ (40%).
      This kept all my monthly expenses under $600 allowing me to invest over $2,000/month. Now, I wouldn't necessarily recommend this exact strategy but it absolutely works.

    • @in4theride75
      @in4theride75 Před měsícem

      @@CorneliaPaulineI would but it seems every time I reply my comment is being deleted. So let me try again.
      ​1) Lived in a lower cost of living area and had 6 roommates to bring my housing price down to $200/month.
      2) Meal prepped all my meals for the month with a single shopping trip to save money on bulk sizes. This brought grocery bill down to about $200/month.
      3) Jobs were always within 2-3 miles so I could bike or had a company issued car to remove car payment, registration, and insurance from the bills.
      4) Kept all social activities under $5. Joined hiking groups, mountain biking, house parties instead of restaurants, theaters, etc.
      5) Kept a strict budget to analyze my odds and ends spending to ensure it never exceeded $100/month.
      6) Invested every penny I made that didn't cover these bills into 3 index funds, one that tracked the whole market (10%), one that tracked S&P 500, (50%), one that tracked the NASDAQ (40%).
      This kept all my monthly expenses under $600 allowing me to invest over $2,000/month. Now, I wouldn't necessarily recommend this exact strategy but it absolutely works.

    • @in4theride75
      @in4theride75 Před měsícem +3

      @@CorneliaPauline ​1) Lived in a lower cost of living area and had 6 roommates to bring my housing price down to $200/month.
      2) Meal prepped all my meals for the month with a single shopping trip to save money on bulk sizes. This brought grocery bill down to about $200/month.
      3) Jobs were always within 2-3 miles so I could bike or had a company issued car to remove car payment, registration, and insurance from the bills.

  • @pdg23
    @pdg23 Před měsícem

    Hoya Saxa!

  • @themastercreatorlimejuice4853

    Your career sounds so.much like mine!

  • @OHANA-Beach-Suites-CDO
    @OHANA-Beach-Suites-CDO Před měsícem

    CODIE….ILL MAKE U PROUD AF!!!!

  • @DanXRP
    @DanXRP Před měsícem

    Many of us are very naieve when we are in our 20s.

  • @ToriksLV
    @ToriksLV Před měsícem

    12:03 is so true

  • @juraspl93
    @juraspl93 Před měsícem +2

    You need money to invest or other things. Not buying coffee doesnt cost your future, but cut all unnecessary spending and try save the most money if you can.
    If you earn 3k and save 2,5k your have more money than someone earn 10k and save 500.
    Better learn something which give money, than go from 3k to 10k.

  • @carolschneid
    @carolschneid Před měsícem +1

    I agree with what she is saying, however, I disagree about saving your way to $100,000. That is something you can do - and I did. And I think it teaches you a lot, so would do both!😊

  • @fs5775
    @fs5775 Před měsícem +2

    Uh, *I* saved my way to my first $100,000. You exist in a very narrow world. I took a job in Dubai where the employer paid for my luxury housing for 6 years and my salary was tax free as Dubai has no income tax there & US didn't charge me taxes as I earned under $100,000 a year. I am only a teacher but was able to pay off tens of thousands in student loans, travel the world on my loads of vacation, and rack up my savings. Salary only $50,000. I've got a half a million portfolio right now in my 40s and compound interest works magic for me every year now. Learn more about the road less traveled, Codie.

  • @askbob
    @askbob Před 7 dny

    That mole puts me on edge

  • @mohamedmumin1515
    @mohamedmumin1515 Před měsícem

    rich👍🏿

  • @SharwinBalaji-xg9kh
    @SharwinBalaji-xg9kh Před měsícem

    Teacher

  • @thorragnarok2861
    @thorragnarok2861 Před měsícem +2

    Just for fun... care to do something about the World of Formula One Racing?

  • @RobertoMartinez-pr9bd
    @RobertoMartinez-pr9bd Před měsícem

    Yes, I am 💯 good as a graphic design artist and I will not reinvent the wheel, just change it. I don't like that word steal. All my collectibles got stolen.

  • @nancysmith9487
    @nancysmith9487 Před 8 dny

    Love to hang out, easy to be a strict boss. Not easy to be a good boss. Appreciate good job. Rewards, pays for what things are worth. Best way. Take time. Do the job. Reminder of what it takes what's expected. See if it fair for you. Retirement access for each.
    Your awesome

  • @bobby-and2crows
    @bobby-and2crows Před 17 dny

    I love cody

  • @sidneyrago
    @sidneyrago Před měsícem

    i love codie! she is a badass

  • @fabioscuderi5998
    @fabioscuderi5998 Před měsícem

    Hey Codie. I am doing it I have been saving up for the last 3.6 years no investment just putting it in the bank in the savings account I am $15000 out to complete the challenge if everything goes well I will finish in august . So then you ask what after . I am been studying a lot about investing ready books watching videos like yours and others . Stock market will be my first step after I don’t know yet I am doing one step at the time. I am thankful for your teaching I appreciate it here from New Zealand

  • @victrillionz
    @victrillionz Před měsícem

    First viewer ❤

  • @TonyHulk
    @TonyHulk Před měsícem

    it is EASY EASY when young (especially today)....how about if you start your journey at 50? OR someone disabled, anti-social, mental issues, so many people give their ideas on the simple stuff

  • @eddiemalvin
    @eddiemalvin Před měsícem

    I don't take the "Skip the Latte" advice literally. I consider it to be more of a metaphor that, when applied at scale, small, seemingly insignificant decisions can produce huge positive impacts or result in "death by a million papercuts". Choose wisely.
    You may not be able to save your way into wealth but you can certainly spend your way out of it.

  • @erinjk123
    @erinjk123 Před měsícem

    I want to have fun in my 40's. lol lmao. Party woot woot. Interesting chart on happiness. Decrepit, but happy. haha

  • @KennethWestervelt
    @KennethWestervelt Před měsícem

    1903 hours per year? I'm used to this being 2080 hours (52 * 40). Taking a full month off - even without pay - is not a bad idea. I don't know of any construction-adjacent industries that look kindly on this level of vacation, however. Which industries do you see allowing for this?

    • @CodieSanchezCT
      @CodieSanchezCT  Před měsícem

      I was being extremely conservative because CZcams comments be crazy ❤😂

  • @smoakpipe
    @smoakpipe Před měsícem

    don't skip all the tree either

  • @leehettig
    @leehettig Před měsícem

    God your content is 🔥🔥🔥🔥🔥🔥🔥🔥
    You know what I'd love to see you talk about?
    1. How to be such a such a boss babe while still being feminine.
    2. How has your work ethic and drive affected your relationship? Roles? Balance?
    3. How do you manage your energy & mental health? Burnout? Stress levels?

  • @KarthikBharathi
    @KarthikBharathi Před 19 dny

    11:00 this does't work.. they use you and then get rid of you when you need them

  • @nancysmith9487
    @nancysmith9487 Před 8 dny

    Retirement couples book. Putting 5/10 dollars a week investment compounding does have an impact.
    Realistically $25 dollars at today's standards latte da lolol

  • @leadgenjay
    @leadgenjay Před měsícem

    You don't need all the flashy stuff when you are very young.

  • @ITsoKAY_15
    @ITsoKAY_15 Před 29 dny

    Omgoodness, I believed there was no hope if you found out things like this at 29. I just was like, I'm 29. I can't just do what these young girls are doing over night. ...smh. #only

  • @GeezLouise
    @GeezLouise Před měsícem +1

    And what about you 40s?

  • @thecasualreviewer2148

    HeLLLL naaaah!
    I enjoyed my 30's a lot more as whole.
    My 30's were more balanced. Just felt right

  • @yoz2k25
    @yoz2k25 Před 17 dny

    Dammit, I thought the average age of millionaires was higher.

  • @NickStratulat
    @NickStratulat Před měsícem +1

    Awesome , I also started my journey here, would love some support/feedback from you guys 🙏

  • @lifewithbakari1413
    @lifewithbakari1413 Před měsícem

    Funny that you said that you can’t save your first 100k

  • @ErrorOptik
    @ErrorOptik Před 28 dny

    What if I don’t have any friends? I want friends, I just haven’t met any that were worth keeping around.

    • @Lil_warner
      @Lil_warner Před 18 hodinami +1

      I dont have many friends so I surround myself with education videos like this because they rub off on you too. Also Ive reached out to a few ppl in real estate groups youd be surpised how many successful ppl are down to earth & willing to help you. You just have to know how to talk to them & figure out how to bring value to them.

    • @ErrorOptik
      @ErrorOptik Před 18 hodinami

      @@Lil_warner I been doing the same for years with the videos. But I haven’t met many successful people yet

    • @Lil_warner
      @Lil_warner Před 17 hodinami

      @@ErrorOptik then your not joining the right groups

    • @Lil_warner
      @Lil_warner Před 17 hodinami

      @@ErrorOptik & there only gonna wanna be friends once you do business together that's why I said you have to bring some sort of value or atleast be smart enough to get them to believe in you

    • @ErrorOptik
      @ErrorOptik Před 16 hodinami

      @@Lil_warner I am looking for the right groups, but I’m not sure what groups to look for

  • @TheJdubs30
    @TheJdubs30 Před měsícem

    So you can be rich and depressed and lose all your friends when you say no one too many times to plans? No thanks!

  • @JohnPretty1
    @JohnPretty1 Před měsícem

    I don't know Codie, if you're lucky enough to get to 98 I'd think you'd be f*cking happy (lol).

  • @macraeolinger
    @macraeolinger Před měsícem

    Wait until your 50+

  • @philstreza2886
    @philstreza2886 Před měsícem

    First time millionaire is 37; is that true? Dave Ramsey and The Money Guys say 47

  • @kamokwele12
    @kamokwele12 Před měsícem +2

    Keep the same house, partner, car. It sounds like our girly - just like the genius, 'Jordan Peterson' has come to terms with - that Christ is right and true about this life.

    • @kamokwele12
      @kamokwele12 Před měsícem

      I hope we get to meet one day.

  • @aortizandrew1
    @aortizandrew1 Před měsícem +5

    Retirement is a scam and it's a man made idea. We humans especially men are meant to work even if it's a little small part time job

  • @user-jk6zp3ij5i
    @user-jk6zp3ij5i Před měsícem

    🥰🥰🥰🥰🥰😍😍😍😍😍😍😍😍😍

  • @trebmaster
    @trebmaster Před měsícem

    OK we're too late for this. Where's the do this in your 30s so you get rich in your 40s video?

  • @denzelccoga7267
    @denzelccoga7267 Před měsícem

    lowkey, I always want to subscribe again after every video🫠🫠

  • @nrg_fre
    @nrg_fre Před měsícem

    Free99, Trading Fraternity @CZcams