Millionaire Investor Explains How to Make $1,000,000 If You’re Broke
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- Опубликовано: 3 июн 2024
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Just stepped off the stage with Codie Sanchez, a force to be reckoned with in the world of investing and entrepreneurship.
Together, we dived deep into the lessons learned from our time in the trenches of building businesses.
Codie, known for her unparalleled insights into growth and investment, shared wisdom that could only come from someone of her stature and experience.
Here's a moment that got everyone talking:
I asked Codie what business she would start to make her first million if she was starting from scratch.
Her response?
BLEW. MY. MIND.
I've posed this question to countless successful entrepreneurs, but never have I received an answer like Codie's.
It was so friggin awesome that it alone could change the way you approach your entrepreneurial journey.
Today’s episode is a behind-the-scenes, closed doors, look into a private interview with me and Codie at a small, private mastermind.
Instagram: @danmartell
Twitter: @danmartell
This was one of the best conversations I've had on stage in a while. Drop your biggest insight below!
Empowering your team to make decisions without directing daily tasks works best when you hire people who are “A” players and they are domain experts.
Might even be the quickest way to find out if they are A, B or C players
Value yourself and your time. A no is a yes and a yes is a no.
Shout out from Alberta Dan. In a rising tide all ships rise. Do what you can do to help raise the tide for your mentor, employer, etc... so basically what code was talking about I guess.
Where may I learn how to do deals.
This is great, I really like how you manage your team. I have the same take on the team. I also like how you direct it back to them to do some of the homework. this is great advice!
For who ever wants the short version, to save you the watch, her answer to how to make your first million from being broke is- "I would go and become really valuable to the most valuable person I could find". There ya go. Saved ya 51 minutes of your life.
Thank you.
I'm outta here.
Lol that's some really loaded advice 😂
Thanks for the short version. She clearly got around wealthy people and asked for money. There's is nothing new about this.
Thank you, it is the vaguest answer anyone could give. Completely useless
Typical youtube. She mine as well have said "be on your mission and your purpose" while she was at it.
Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future. Making money is not the same as keeping it there is a reason why investments aren't well taught in schools, the examples you gave are well stationed, the market crisis gave me my first millions, people shy away from hard times, I embrace them.. well at least my advisor does lol.
Investors should be cautious about their exposure and be wary of new buys, especially during inflation. Such high yields in this recession is only possible under the supervision of a professional or trusted advisor.
This is superb! Information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this are you a pro investor?
I stopped trying to predict market outcomes based on chart studying after 5 years of uncertainty. Not having a mentor caused me 5 years of pain. I learned to follow the market's direction and keep it simple with discipline.
The adviser I'm in touch with is Amber Angelyn O'malley . You can use something else, for me her strategy works hence my result. she provides entry and exit point for the securities I focus on.
I won't pretend to know everything, though. Her name is Sharon Ann Meny but I won't say anything more. Most likely, you can find her basic information online; you are welcome to do further study.
Wonderful conversation. I am 53 and retired at 50. 1 thing I did do to retire early was to get out of the 401K and IRA programs. Bought rental real-estate and I am now a Limited Partner in about 1500+ units from collabrative efforts in the fund my estate planner has me invested in. I do not work.
I only contribute 5% to get full company match, that’s it. The 401K plan is designed for you to work until you are about dead. Also, the government does not have their hands on it yet either.
My wife and I live off of our 401K. We don't work. I recommend highly to everyone to build your 401K or Roth IRA's as an alternate revenue stream in retirement to your Social Security. An observation on 401K's is when it gets over 300K it starts to accelerate. When you get over 500K it can really accelerate as the stock market grows
If I may ask, as in withdrew all of the money from the 401K and IRA programs? If so, what was your strategy behind that decision? Thank you.
I learned about govt actions from cfp in ny by name MonicaMaryStrigle. Ms. Strigle explained the benefits of long-term Treasuries and alternative investments, which the govt doesn't disclose. Lately they been investing in solid start ups, bonds, digital currencies, precious metals with real backing, while manipulating the stock market decisions as influenced by congress, driven by year round events and consumer sentiment in the past half decade.
I learned about govt actions from cfp in ny by name *Monica-Mary-Strigle* . Ms. Strigle explained the benefits of long-term Treasuries and alternative investments, which the govt doesn't disclose.
27:30 answer- deliver the most valuable to the most valuable people i know and also work on the side. Accelerate other people's money most fastest.
Thanks for the time stamp, to cut through all that bs. I don’t have the time
Wow thanks I didn’t know that working and working some more would be the way to make money from a place of not having money.
You don’t control your first thought… you control your second thought.
I re watched/ listened that quote 10 times.... 🤯
I literally read it and 2 seconds later Dan said it 17:56
Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life!!
Starting early is simply the best way of getting ahead to build wealth , investing remains a priority . I learnt from my last year's experience , I am able to build a suitable life because I invested early ahead this time .
The rich Invest in alternative income streams that are independent of the government should be the top priority for everyone right now. especially given the global economic crisis we are currently experiencing. Stocks, gold, silver, and virtual currencies are still attractive investments at the moment...
I thought about investing in the real estate market, I heard that people make millions , but I lack good knowledge and a strategy to outperform the market and generate good yields. I have $460,000 but it's hard to bite the bullet and do it. Money is hard to come by
The issue is most people have the “I want to do it myself mentality” but not equipped for a crash. Ideally, advisors are perfect reps for investing jobs and at first-hand experience, my portfolio has yielded over 300%, summing up nearly $1m, since covid outbreak to date.
I'm actually interested in this idea of investing through an analyst. Sounds like the most sensible thing to do in the market right now. Could you give me a pointer to who you work with, please?
After so much struggles I now own
a new house and my family is happy once again everything is finally falling into place!!
I'm 37 and have been looking for
ways to be successful, please
how??
😱Sounds familiar, I have heard
her name on several occasions..
and both her success stories in
the wall Street journal!
Trading without professional
guide....Huh I laugh you, because
you will remain where you are or
even make huge losses that will
stop you from trading, this has
been one of the biggest problem to
new traders
Ok, I'd love connect Rita Orlando, how do I do that please??
I'm really interested, does she
work with clients outside the USA,
I'm from France?
I completely agree with what Dan said regarding ADHD. We as humans were designed to be able to be hunters and gathers and yet we are forced to sit down, shut up and pay attention to stuff that we know is never going to help us in the future. This has been our school systems design since the beginning of time that no wonder as even adults we are still lost and turn to RUclips for an actual education!!
You got it:)
Aye. But it's not a surprise that 'schooling' fails to teach most people much that is of use to them because the primary purpose of school is to train the plebs to be factory workers.
It’s control. Same as religion. Education & religion start indoctrinating us from as early as possible. So by time we’re adults, we are already in a terrible mindfuck. We’re not good sheep in a weak herd. Doing what we’re told, when we’re told, the way we’re told. And do so so you can please god & go to heaven. If not you’re homeless. If not you’re incarcerated. If not you go to hell. It’s all bullshit
27:32 is where she answers how to make first million
Lovely to meet you all!! ❤
Had a blast🙏 you asked the best questions
You are both full of wisdom. And spreading it. That is a level of generosity that isn’t common I don’t feel. Inspirational. Motivational. Encouraging. I sigh as i wish I had to say no to something to make time to comfortably watch this pod cast. And then personally type out this comment. 😆
This is teaching metaphysics without ever using any words that make people fearful of it. Great interview!
As an investment enthusiast, I often wonder how top level investors are able to become millionaires off investing. I do have a significant amount of capital that is required to start up but I have no idea what strategies and direction I need to approach to help me make decent returns
Proper research, good analysis and luck is what you need to make profit in this constant market decline. It's all about finding the right moment to take advantage of and generate colossal profit, which is why you need to do your research
Even with the right technique and assets some investors would still make more than others, as an investor, you should’ve known that by now, nothing beats experience and that’s final, personally I had to reach out to a market analyst for guidance which is how I was able to grow my account close to a million, withdraw my profit right before the correction and now I’m buying again.
@@mikegarvey17How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
"Gertrude Margaret Quinto" is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment
Her website appeared right away, You've saved me several hours of research, I appreciate it.
Very inspiring. So many take aways. E.g. optimizing own time, saying no, taking it to the extreme. Not filling up gas on car, not packing your own bag, focussing on only doing stuff you love and with the people you love. Thanks for sharing and for reminding me of thinking larger and to get a grip.
You got this👊
I like that Dan talks about the power of words. What we say has an impact on us and those around us!
The collab we didnt know we needed🙌
Had a blast;)
It's all about vibration! That was instant for me! I so look forward to learning more from you both and bringing as much excellence as possible at any given moment. This life is the best! ❤
Quite honestly so many insightful pearls - difficult to choose the one! Amazing content to rewatch again and again!
Appreciate the kind words! Will be sure to make more of there
@@danmartellWould love to get some insights. Starting a new venture in the health start-up space. This podcast was amazing 👏
You return in a different way the answer is key the words are so pure in emotions it’s unreal how the person reacts on your content back to the original answer
Great insights from Codie; really make you think differently about entrepreneurship. One tactic often overlooked is leveraging existing platforms with high traffic to test business ideas quickly and cheaply. It's like setting up a shop in a busy mall instead of a quiet street.
Like which platform?
Wow! I have been saying this forever. There is nothing "wrong" with me. I'm just a different person from others. Thank you for saying that and spreading that message. Just found you through Codie
Glad it resonated:)
This video really opened my mind. Thank you!!
Great conversation. Really appreciated it, especially the reminder to value my time and that when I say yes to something, I'm always saying no to other things.
27:30 answer- deliver the most valuable to the most valuable people i know and also work on the side. Accelerate other people's money most fastest.
i have to be honest i am always very open to new thoughts and new ways of thinking but this has opened up probably, nothing. if you have no money and you want to be come rich, it is a very grindy and long way. being valueable to people means you need information or atleast something they dont have and gaining that information is usually connected to spending money so yeah...
dont know what to think of this.
i think the real answer is :
how to make 1 million if your broke- work really hard and even then you need a lot of luck to make that a thing.
dont focus on a million and appreciate the smalls things in life.
This was life-changing! Thank you so much! Cody, I met you at Limitless!!! in Salt Lake City, and I have improved myself so much! Thank you! You're an incredible human being!❤
I love your take on not labeling people and the ability to see their gift. It's amazing to see self awareness used in business. Sounds like a great place to work. Who are your favorite authors, teachers and mentors?
Just found your channel Dan. Good to see a you’re still crushing life!
Glad you’re here!
you two are on fire 🔥I love the 'Definition of Done' & relate with alot of your references .. .; thank you .
We had a blast👊 appreciate the comment
I am going to watch this many times i think this is a very valuable video thank you for the upload.
Although the companies in my portfolio are solid, I experienced a 35% decline in overall $300k portfolio at the height. thus investing makes me anxious . I'm uncertain if I should sell everything and wait.
Try slowly diversifying your investments over time tends to yield better returns than doing it in a single instance, buy and hold. buy 10% then when in profit add more, or just buy on a dip and hold.
I’m taking the hybrid approach, VOO, SCHD as my foundation, with growth like MA, UNH, And NVDA. just know that Certain Ai companies are rumored to be overvalued and might cause a market correction, i think it’s best if you try to seek out a portfolio manager
Market behavior can be complex and unpredictable. Mind if I ask you to recommend this particular coach to whom you have used their services?
The decision on when to pick an Adviser is a very personal one. I take guidance from Sharon Ann Meny to meet my growth goals and avoid mistakes, she's well-qualified and her page can be easily found on the net.
I just googled her now and I'm really impressed with her credentials. I reached out to her since I need all the assistance I can get.
So much gold in the last 5 videos Dan. Thanks for putting this content out there.
Appreciate it🙏 putting my best stuff out there
Thank for sharing insights into your daily routine, it’s truly remarkable
'Overwhelm' is just 'old patterns leaving the (nervous) system' ...
Yes!!
Two of my favorite virtual mentors 🎉
Honoured🙏
Thank you for your RUclips mentorship 🙏🏼
Create in my unique genius and love the ones around me…a lot of AHA moments. THANK YOU!
The approach is brilliant with the DOD concept i need to implement more being a software guy as well. Love the breakdown
Pumped it helped you:)
So much value! Great people! Thank you so much!
Appreciate Ya!
@@danmartell Appreciate YOU! Thanks again! 🙂✨🙏🏻
I am subscriber to Codie's channel.I have never heard of Dan Martell; I enjoyed this immensely. Now a new subscriber to Dan's YT channel. Thank you both. Codie, your outfit is very classy and stylish--something we don't see often on social media and TV.
Codie is a gem💎
Appreciate the sub:)
Dan this was a phenomenal convo with Codie..not just from you guys interaction but the billion dollar nuggets… So my biggest insight was the overview of how u coach your team and what we should do when getting to that about 12 folks reporting to us and empowering them either what the outcome should look like… paraphrase for me greatness and inspired to figure out how to get that end result.. BZ SIR thanks very much
Appreciate the comment🙏
Pumped you got value.
Going to do more of these
Thank you for sharing. Great content as always
Appreciate ya!
This was life changing knowledge. God bless you for this!
Thank you for this presentation! Great advice.
Appreciate the kind words🙏
On point for companies that want to excel. People I surround myself with in business & the energy & words they use... decide if I continue working with those people & company.
As a top 1% commission sales agent, the management team's energy & words do matter & determine if I stay & make them alot of $$. Top sales people can work any where & dont need negative energy.
Such a great interview, both powerful and insightful. Dan, I would love to talk investing with you on my channel as well as your journey... Each time I stop in here, I walk away with tidbits of more wisdom. Have a great week.
All rich people looking for passionate, skilled glommers. I've heard that answer several times before. Makes sense. Work for genuine people.
Incredible content here!!! Thank you for bringing it to us 🙏🏼🔥
More to come!
Love this, I am starting out and hiring people to do all my house work, take kids places, fold laundry, any task to save me time to do my business work. No shame.❤
What I got from this is that people who are mentally structured different can't work successfully in the same space, And in this moment I realized this is exactly why gen z is having such a hard time in the workplace. Im so glad I escaped that grind to work for myself, bless everyone that still has to deal with these types of certifiable leadership ❤
You got it:)
Great info for owners for their employees. But I missed..." What to do if ur broke & want to make a Million?"
Alot of Entrpreneurs have ADHD & able to handle chaos. Yet most owners dont know how to work with ADHD Entrepreneurs
Become the biggest asset for the biggest liability=WEALTH!!!
I don’t care where you are, you pick up the phone if your partner/kids or anyone calls you twice 💯
I’ll tell you why.
This guy went to the cinema with his wife, his wife told him to turn his phone off. He listened 2 hours later. After the film had finished, he turned his phone back on to plenty of missed calls. He rings the number back. It’s the police he is told his daughter was in an accident and she was asking for you. He said I’m on my way where is she the police officer replied she has passed away.
After, hearing this my two-year-old son was not well and wasn’t well for the next 3 years not once, did I turn my phone he passed away 5 years old
I didn’t want to be like this couple.
So unless you and an aeroplane, do not turn your phone off, the second call might be your last.
Learn from other peoples mistakes, he should’ve proudly answered that mobile phone regardless 😢
the hike story hooked me.
Pumped you got value:)
Insightful points on transformational leadership! 👏 Emphasizing outcomes and coaching employees on principles not only boosts morale but also fosters innovation and ownership, propelling companies towards sustained success.
Couldn’t relate more to “thrive in chaos and throw hand grenades to create more chaos” 😂
Thank you for sharing! A great conversation between two highly intelligent individuals. That's a must listen.
Appreciate the kind words:)
@@danmartell Seriously awesome. I got a lot out of not just reaching out to people who can help you, but offering them something valuable. I'm looking forward to getting better at that!
I like your aspects very balanced it’s the very aspects that you in a process because you get your answers from people,s aspects.
This was inspiring and filled with rich nuggets Thanks
Nice video Dan!
This is absolute GOLD.
Appreciate it!!
So many good information
I loved the nine minute mark!!! For me growing up it was "ants in your pants" fortunately I had parents that worked with it and didn't fight against it or else I would have been on Ritalin also!
I love this! Sometimes I lean on those above me too much. That annoys me...but it's the "normal." I'm a creative problem solver...I doubt myself too much...then I sit back and diminish and shrink. A coach/mentor/leader above me that challenges me to make my own solutions by processing options with occasional reminder of an obvious I'm briefly forgetting, is what would push me up and out.
I will watch this ,this week
@36:07 I was hoping that she/they would've drop a link to those books & websites. I am not a tech savvy person but I would definitely give them a read.
Looking for a way to replace my 9-5. I want to create something, I want to leave my footprint on the earth before I leave.
I want to invest $400k in profit-yielding dividend shares but am not sure which to buy into because dividend-paying stocks don't give rapid price growth and can provide a steady income stream.
Remember that investing in the stock market carries risks, and it’s important to do your own research and consult with a financial advisor before making any investment decisions.
It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $30k passively by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.
I've been looking to get one, but have been kind of relaxed about it. Could you recommend your advis0r? I'll be happy to use some help.
Carol Vivian Constable is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment
My needs are kind of unique and complex. I'll contact her nonetheless, and I hope I'm able to make something out of it.
F.ya WOW Explained A.D.D. perfectly..!!!!
I liked that comment about focus...his answer reminds me of the book titled: ADHD: A Hunter in a Farmer's World book by Thom Hartmann
Did you notice at 0:54 , He try’s to get Cody to agree with him that their “crazy” or “insane”. But she instantly rejects the words/idea because they probably don’t align with her . Then he just smiles and continues . Success people are so aware and confident of who they are, they can instantly reject ideas about themselves that don’t align with them and not give it another thought.. no argument, no convincing. “No that’s not me, continue though” 😂💯
Dan can you make a house tour video? I think it might interest many people.
I’ll put it on the list;)
LOL no voice notes!!!! I agree
Like always man delivers
👊🙏
Amazing information!!!
Appreciate you!
Everything you want to achieve in life accelerates on the other side of reach and reputation.
I'd totally read something that someone like y'all would suggest
I have been in the health industry working 40hours a week and have a question. How would you transition into business? Would you buy a business with a partner?
Watch the video again, but take notes.
Good stuff!
Step 1. Make videos on how to make money/or how much you have made (regardless if it’s true or not) which gains a lot of attention now adays.
Step 2. Make vague promises to how you can help people escape their 9-5.
Step 3 sell a high ticket course, or blueprint
Rinse and repeat
I really needed to hear this Codie I am over freebie❤s
Move to a country where English is not their first language and discover how amazingly vague your own communication really is. It is startling.
Can you expand?
@danmartell hahahaha
Glad to watch 2 millionaires sharing with just the cost of my internet.
You put the plate out and except the business aspect in a relationships that will profit on both ends so you have to compromise the situation.
I miss Timmy Ho’s! Buffalo gal 😊. Yep that’s my takeaway 😂. Ok lots of great tidbits. (Not Timbits 😉).
Congratulations on the 12 year sobriety, it’s what you don’t do. I love it.
Damn you rich bastards !! 😂 😂
Thank y’all both for putting this STRAIGHT KNOWLEDGE BOMB together. Being a financially broke bastard with big dreams you both inspire me.
Yes is a no and no is a yes.
DAAAMMMNNN .
I have much to learn.
I will be reading the book soon Dan.
Thank you both again.
Appreciate you:) glad you got value
I loved this video.
👍
Okay, who else had their mind blown by the concept of managing energy instead of time? 🤯
I gave a guy a thumbs up that passed me in an almost new Corvette. I like cheering people on, I like listening to people like y'all. I've actually only started listening to guys like y'all and pastors like Dan Mohler. Up until a couple of weeks ago I listened to a bunch of other stuff Russell Crowe and other political pundits (right wingers), I drive truck, and I figured I might as well be learning something useful while driving instead of just filling my time with all the turmoil that's going on in the world.
Whether she knows it or not, Codie's answer is one of the 48 Laws of Power by Robert Greene.
It's not what I'm doing, its what I don't do!
Hahahaha, no voice notes, creepy. I truly enjoyed this interview. Do you ever miss New Brunswick? I find it super slow here and hard to connect with amazing people.
I don’t miss it.
It still has it’s place in my heart.
But needed to leave for expansion
I feel the same way brother!
You’re right about the labels and blaming myself.
From start to finish, they spoke on how to make a million if you're broke. Those commenting on this video did nothing have the wrong mindset.
The RUclips comment section, on successful people’s videos, are ALWAYS the best indicator on who has a fixed mindset and who has a growth mindset 😂 they don’t even know that their negativity/resistance towards insane knowledge, is actually just beliefs that they can change lol
Wow this was a powerful interview. Very easy to listen to without a shitshow mumbo jumbo..
Capacity expanded at the extremities
"Evolutionary Hunter" yes!!
Coddie 's in love with Dan !
Reminds me of Steve Martin on how to have a million dollars and not pay taxes.
step 1. have wealthy relatives that you can work for. step 2. have wealthy friends that you can glom onto. I'd rather be a hard working poor person doing tasks that are beneath me than a parasite. thanks for the free advice, it was worth every penny.
"I'm gonna take nothing.
I'm gonna bet on me.
If it works, I'll take 10% of the upside."
So good!
Transformational leadership: they taught this at UC Boothe in the 90’s.