Hot Smart Rich with Maggie Sellers Reum

This Is Why You’re Not Rich in 2026! (how to get financially free) with Codie Sanchez

14 snips
Feb 25, 2026
Codie Sanchez, investor who buys cash-flowing 'boring' businesses and teaches M&A and ownership strategies. She frames today as an asset ownership race, explains using a 9–5 to build equity and buy Main Street businesses, warns about AI and shifting jobs, and outlines practical ways to negotiate equity, find deals, and avoid common pitfalls.
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ADVICE

Don't Cry At Work Maintain Emotional Regulation

  • Don't cry at work; maintain emotional regulation because visible crying reduces promotions and respect.
  • Codie recommends processing feelings privately (shower or later) and addressing the issue calmly in the moment to win rather than be right.
INSIGHT

Wealth Prefers Distributions Over Salary

  • Rich people prefer distributions and capital gains over salaries because of tax efficiency and wealth compounding.
  • Codie highlights that salaries are taxed highest; wealthy owners seek equity that produces lower-taxed capital gains and distributions.
ADVICE

Skip The MBA For Applied Dealmaking

  • Skip an expensive MBA if your goal is wealth; learn by doing and focus on applied deal skills.
  • Codie argues MBAs train consultants and theorists while real M&A and deal experience builds wealth faster.
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