Passion Struck with John R. Miles
Codie Sanchez on the Secret for How to Gain Financial Freedom EP 541
Tue, 03 Dec 2024
In this episode, Codie Sanchez, author of Main Street Millionaire, reveals the secret to gaining financial freedom by acquiring cash-flowing “Main Street” businesses. Drawing from her experience as a former Wall Street investor and now one of the world’s leading small business experts, Codie shares her proven framework for building wealth through overlooked but profitable industries like plumbing, construction, and cleaning.Discover why the current market is ripe for generational wealth creation, how to identify and close winning deals, and how to multiply your success without losing your mind. Packed with actionable strategies from her book, this conversation will inspire you to rethink wealth, ownership, and what it means to build a life of meaning and financial independence. If you’re ready to take control of your future, this episode is a must-listen!Link to the full show notes: https://passionstruck.com/codie-sanchez-on-how-to-gain-financial-freedom/Call to Action: This episode is a blueprint for anyone ready to redefine their approach to wealth, embrace financial independence, and create a life of meaning and impact. Whether you’re looking to escape the grind, invest intentionally, or build generational wealth, Codie Sanchez’s practical strategies offer the tools you need to start transforming your financial future today.Sponsors: Mint Mobile: Cut your wireless bill to 15 bucks a month at “MINT MOBILE dot com slash PASSION.” Hims: Start your journey to regrowing hair with Hims. Visit hims.com/PASSIONSTRUCK for your free online visit. Quince: Discover luxury at affordable prices with Quince. Enjoy free shipping and 365-day returns at quince.com/PASSION. In this episode, you will learn: Why acquiring cash-flowing “Main Street” businesses is a reliable path to financial freedom. The secrets the wealthy use to build generational wealth without taking outsized risks. How to identify, negotiate, and close deals on profitable small businesses. The 7 types of businesses you should avoid and why they can be financial traps. Practical strategies to 10x your growth after acquiring a small business. How to manage multiple businesses simultaneously without burning out. Why the current market conditions are perfect for building extraordinary wealth. How owning a business can create both financial success and a fulfilling life. Connect with Codie Sanchez: https://codiesanchez.com/For more information on advertisers and promo codes, visit Passion Struck Deals.Join the Passion Struck Community! Sign up for the Live Intentionally newsletter, where I share exclusive content, actionable advice, and insights to help you ignite your purpose and live your most intentional life. Get access to practical exercises, inspiring stories, and tools designed to help you grow. Learn more and sign up here.Speaking Engagements & Workshops Are you looking to inspire your team, organization, or audience to take intentional action in their lives and careers? I’m available for keynote speaking, workshops, and leadership training on topics such as intentional living, resilience, leadership, and personal growth. Let’s work together to create transformational change. Learn more at johnrmiles.com/speaking.Episode Starter Packs With over 500 episodes, it can be overwhelming to know where to start. We’ve curated Episode Starter Packs based on key themes like leadership, mental health, and personal growth, making it easier for you to dive into the topics you care about. Check them out at passionstruck.com/starterpacks.Catch More of Passion Struck: My solo episode on The Science of Healthy Habits My episode with Dr. Scott Rick on Should You Marry for Love or Money Can’t miss my episode with Rachel Rodgers on How You Build Wealth and Abundance Watch my episode with Adrian Brambila on 21 Brutal Money Lessons You Need Now If you liked the show, please leave us a review—it only takes a moment and helps us reach more people! Don’t forget to include your Twitter or Instagram handle so we can thank you personally.How to Connect with John:Connect with John on Twitter at @John_RMiles and on Instagram at @John_R_Miles. Subscribe to our main YouTube Channel here and to our YouTube Clips Channel here. For more insights and resources, visit John’s website.Want to explore where you stand on the path to becoming Passion Struck? Take our 20-question quiz on Passionstruck.com and find out today!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
What is the secret to gaining financial freedom?
So always good to buy something at a discount if there's a big supply. The problem, though, is most of these owners don't know how to sell their business. They don't know how to prep their business for sale. They don't know that their business is even sellable, and they certainly don't know how to price it.
And so we have to educate the populace in how to train business owners to think about transferring their businesses so everybody gets a fair price and a fair exchange.
Welcome to passion struck. Hi, I'm your host, John R. Miles. And on the show, we decipher the secrets, tips and guidance of the world's most inspiring people and turn their wisdom into practical advice for you and those around you. Our mission is to help you unlock the power of intentionality so that you can become the best version of yourself.
If you're new to the show, I offer advice and answer listener questions on Fridays. We have long-form interviews the rest of the week with guests ranging from astronauts to authors, CEOs, creators, innovators, scientists, military leaders, visionaries, and athletes. Now, let's go out there and become PassionStruck. Hey, PassionStruck fam, welcome to episode 541 of the PassionStruck podcast.
I'm your host, John Miles. I want to thank you for joining me on this journey to live a more intentional, purpose-driven life. Whether you're a longtime listener or tuning in for your first time, you're part of an incredible community that's committed to transformation, growth, and taking bold steps toward your dreams.
Before we dive into today's episode, if you're new to the show, we have over 540 episodes packed with actionable insights. And if you want to dive even deeper, sign up for my Live Intentionally newsletter at passionstruck.com for exclusive insights and tools to help you unlock your full potential. Last week, we had two phenomenal guests who shared incredible insights.
First, Heather Moyse, a two-time Olympic gold medalist, inductee into the World Rugby Hall of Fame, and Canada's most decorated all-around female athlete, joined us to discuss the power of mindset in overcoming obstacles and achieving success. Heather shared her strategies for pushing past limitations, redefining resilience, and cultivating a gold medal mindset.
Then Dr. Josh Axe, renowned health expert and bestselling author, joined me to discuss his latest book, Think This, Not That, 12 Mindset Shifts to Break Through Limiting Beliefs and Become Who You Were Born to Be. In this inspiring conversation, Dr. Axe shared practical strategies to overcome self-doubt, shift your mindset, and unlock your true potential.
His actionable advice and personal stories make this episode a must-listen for anyone ready to reframe their thinking and live with greater purpose. And finally, in my Silo episode, I tackled the concept of psychological wealth, how to build a rich, fulfilling life by focusing on your mental and emotional well-being.
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