Revisited - Why Buying Unconventional Businesses Will Help You Gain Financial Freedom With Codie Sanchez [The Opportunity Ep. 68]

Greg has spent the last few weeks traveling around the US
attending several conferences, so he was unable to record a new
episode this week.


Instead, we'll be revising one of our favorite episodes where
Sarah chatted to Codie Sanchez about how to build wealth the
unconventional way.


On their journey towards financial freedom, many investors
hone in on assets like real estate and stocks, often overlooking
the power of purchasing online businesses.


Buying unconventional businesses is contrarian investor
Codie Sanchez's bread and butter. Codie has acquired a personal
empire of cash-flowing assets across multiple business models.
She teaches investors how to do the same as the founder of
Contrarian Thinking, an educational resource where investors and
entrepreneurs can learn about how to create an ocean of wealth
through different income streams.


In this episode, Codie explains why buying businesses is a
great way to fast-track your way to financial freedom. She walks
us through the first steps to diversifying your income through
online business acquisitions and the common mistakes many
entrepreneurs make when trying to achieve financial independence.
According to Codie,


"The number one reason people don't achieve financial
freedom is they do not spend the time thinking about it, they do
not spend the time learning about it, and then they do not spend
the time taking action on it."


Codie also discusses the philosophy behind being a
contrarian investor, and how to effectively manage a portfolio of
businesses. 


If you're looking for ways to kickstart your journey to
financial independence, you don't want to miss a minute of this
episode!
Topics Discussed in this episode:


What it means to be a contrarian investor (02:07)


Why business ownership is a great way to achieve
financial freedom (05:20)


The first steps to achieving financial freedom through
business ownership (09:53)


The benefits of diversifying asset classes (14:48)


Managing time and leadership across multiple income
streams (19:53)


Common mistakes investors make on their journey to
financial freedom (22:08)


Out of date investment advice that investors should be
wary of (26:09)


Current trends that are driving the investment industry
(29:34)


The lessons Codie has learned throughout her career
(35:36)

Mentions:


Empire Flippers Podcast


Empire Flippers Marketplace


Contrarian Thinking newsletter


Contrarian Cashflow


Unconventional Acquisitions business buying course


Mint



Sit back, grab a coffee, and learn how to diversify your
income streams through purchasing unconventional
businesses!