BigDeal

#124 Wealth Expert: Do THIS Every Time You Get Paid | Morgan Housel

Is true wealthbuilding as simple as asking for a raise? Or is it just picking the right stock? Well… no. Morgan Housel argues the cornerstone of true wealthbuilding lies in understanding — and controlling — your behavior. After studying the psychology of money and writing The Psychology of Money, he’s seen why brilliant people go broke and ordinary people quietly build fortunes. Patience beats IQ. Independence beats status. And the real game is managing your own impulses. In this conversation you’ll learn why a janitor died with millions while a Harvard MBA went bankrupt, why most high earners still live paycheck to paycheck, why diversification won’t make you the richest but will keep you from blowing up, why the biggest financial decisions are school, house, car, childcare, and insurance, and why reading history matters more than reading forecasts. This isn’t about skipping lattes. It’s about mastering the behaviors that actually build wealth and avoiding the ones that quietly destroy it. ___________ 00:00:00 Introduction 00:01:09 The Latte Story: Why Financial Advice Is Broken 00:03:00 Ronald Reed vs Richard Faskone: Behavior Beats Intelligence 00:10:18 The Passive Income Myth and What Really Moves the Needle 00:14:40 Nobody's Watching You: The Ferrari Paradox 00:20:01 The Biggest Lie About Money 00:25:17 The Desert Island Test: Utility vs Status 00:28:05 To Rent or Buy: The House Question 00:30:21 Robinhood vs Vanguard: Gamification and the Future 00:32:48 Rich People Habits: Obsession and Long-Term Thinking 00:34:50 The Great Depression Lesson and Why History Matters 00:49:52 Rapid Fire: Money Clichés Debunked ___________ MORE FROM BIGDEAL 🎥 YouTube: https://www.youtube.com/@podcastbigdeal [https://www.youtube.com/@podcastbigdeal] 📸 Instagram: https://www.instagram.com/bigdeal.podcast [https://www.instagram.com/bigdeal.podcast] 📽️ TikTok: https://www.tiktok.com/@big.deal.pod [https://www.tiktok.com/@big.deal.pod] MORE FROM CODIE SANCHEZ 🎥 YouTube: https://www.youtube.com/@codiesanchezct [https://www.youtube.com/@codiesanchezct] 📸 Instagram: https://www.instagram.com/codiesanchez [https://www.instagram.com/codiesanchez] 📽️ TikTok: https://www.tiktok.com/@realcodiesanchez [https://www.tiktok.com/@realcodiesanchez] OTHER THINGS WE DO 🌐 Our community: https://contrarianthinking.typeform.com/to/WBztXXID [https://contrarianthinking.typeform.com/to/WBztXXID] 📰 Free newsletter: https://contrarianthinking.biz/3XWLlZp [https://contrarianthinking.biz/3XWLlZp] 📚 Biz buying course: https://contrarianthinking.biz/3NhjGgN [https://contrarianthinking.biz/3NhjGgN] 🏠 Resibrands: https://resibrands.com/ [https://resibrands.com/] 💰 CT Capital: https://contrarianthinking.biz/4eRyGOk [https://contrarianthinking.biz/4eRyGOk] 🏦 Main St Hold Co: https://contrarianthinking.biz/3YfGa8u [https://contrarianthinking.biz/3YfGa8u] Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices]

#123 Stop Over-Explaining: The 3 S’s Rule For Projecting Authority

You can be the smartest person in the room and still lose it entirely because of the way you speak. After years on Wall Street and building businesses, I learned the hard way that intelligence without delivery is invisible. Authority isn't about being right — it's about being heard. In this episode, I break down the seven communication traps that quietly sabotage high performers, founders, and anyone tired of being overlooked. These aren't anecdotal — they're rooted in neuroscience, persuasion research, and real-world performance psychology… and once you see them, you'll spot them everywhere. You'll learn: • Why excessive hedging kills your competency score — and how confidence beats correctness in credibility • How over-explaining signals insecurity and reduces processing fluency • Why talking too fast during key moments makes people distrust you — even when you're right • The three S's of landing your point: shorter, slower, stronger • Why Steve Jobs rehearsed keynotes for hours to look effortless • How self-deprecation tanks your perceived ability in hiring and promotion decisions • The shocking study showing modest candidates get liked more but hired less • Why showmanship isn't arrogance — it's survival in a world that rewards clarity • How processing fluency makes simple ideas feel smarter and more truthful • The one-sentence framework Jobs used to control entire product launches This isn't about faking confidence or pretending to be someone you're not. It's about aligning how you deliver with the outcomes you want. Smart people see complexity. Winners communicate it clearly. If you've ever felt overlooked, interrupted, or dismissed despite knowing your stuff — this episode will permanently change how you show up. ___________ 00:00:00 Introduction 00:00:32 Trap 1 00:04:19 Trap 2 00:07:26 Trap 3 00:09:55 Trap 4 00:11:40 Trap 5 00:13:22 Trap 6 00:15:26 Trap 7 00:17:45 The Pattern Behind All Traps 00:18:31 Your Speaking Reset Framework ___________ MORE FROM BIGDEAL 🎥 YouTube: https://www.youtube.com/@podcastbigdeal [https://www.youtube.com/@podcastbigdeal] 📸 Instagram: https://www.instagram.com/bigdeal.podcast [https://www.instagram.com/bigdeal.podcast] 📽️ TikTok: https://www.tiktok.com/@big.deal.pod [https://www.tiktok.com/@big.deal.pod] MORE FROM CODIE SANCHEZ 🎥 YouTube: https://www.youtube.com/@codiesanchezct [https://www.youtube.com/@codiesanchezct] 📸 Instagram: https://www.instagram.com/codiesanchez [https://www.instagram.com/codiesanchez] 📽️ TikTok: https://www.tiktok.com/@realcodiesanchez [https://www.tiktok.com/@realcodiesanchez] OTHER THINGS WE DO 🌐 Our community: https://contrarianthinking.typeform.com/to/WBztXXID [https://contrarianthinking.typeform.com/to/WBztXXID] 📰 Free newsletter: https://contrarianthinking.biz/3XWLlZp [https://contrarianthinking.biz/3XWLlZp] 📚 Biz buying course: https://contrarianthinking.biz/3NhjGgN [https://contrarianthinking.biz/3NhjGgN] 🏠 Resibrands: https://resibrands.com/ [https://resibrands.com/] 💰 CT Capital: https://contrarianthinking.biz/4eRyGOk [https://contrarianthinking.biz/4eRyGOk] 🏦 Main St Hold Co: https://contrarianthinking.biz/3YfGa8u [https://contrarianthinking.biz/3YfGa8u] Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices]

#122 Inside the Minds of the Most Successful Founders | David Senra

Is success in business simply about having the right idea, raising the perfect amount of money, or having the right connections? According to our guest today, David Senra, it’s none of those. It’s about obsession. David Senra has read 400+ biographies of history’s greatest entrepreneurs, studying how they actually built their companies. On his podcast Founders, he distills the lives of iconic builders into actionable frameworks. He also hosts in-depth conversations with living founders on his new show David Senra — from Daniel Ek to Michael Dell to Todd Graves — extracting the mental models you only earn after decades in the arena. In this wide-ranging conversation, we break down: • Why history’s greatest entrepreneurs hire for spikes, not well-rounded resumes • Why durability is a first-rate virtue — and most businesses die of indigestion, not starvation • How Steve Jobs worked barefoot at Atari — and why Nolan Bushnell kept him anyway • Why George Lucas bet unapologetically on himself • How Sam Zell tortured himself into greatness — and why he chose freedom over money • Why Michael Dell says he works “all the days” • The founder archetypes framework — and why founder-problem fit beats founder-market fit • Why Todd Graves hasn’t changed his menu in 30 years — and built a $20B chicken empire • How Rick Rubin became a reducer, not a producer — and why ruthless editing creates timeless work • Why belief comes before ability — non-negotiable for builders If you want to think like Jobs, Bezos, Zell, or Munger, this episode will permanently change how you approach focus, entrepreneurship, and building something that lasts. Turn attention into revenue with https://beehiiv.link/nt66tb. Use CODIE30 for 30% off your first 3 months. Take your personal data back with Incogni! Use code BIGDEAL at the link below and get 60% off an annual plan: https://incogni.com/bigdeal Follow David Senra: Founders Podcast: https://www.founderspodcast.com New Show (David Senra): Available on all platforms Instagram: @founderspodcast ___________ 00:00:00 Introduction 00:00:42 The Lonely Founder Life: Why Entrepreneurs Need Founder Friends 00:01:04 Marriages and Relationships of History's Greatest Entrepreneurs 00:03:07 Is Entrepreneurship a Trauma Response? 00:05:26 Hiring for Spikes: The Steve Jobs Employee Philosophy 00:10:12 George Lucas and the Power of Unapologetic Self-Investment 00:12:39 Longevity Over Everything: Building Companies That Last Decades 00:18:37 Do You Have to Be Obsessed to Win? 00:19:35 The Inner Monologue Shift: From Negative to Positive Fuel 00:35:48 Keep Your Circle Small: The Sam Zell Approach to Relationships 00:42:03 Personal Standards and the Yardstick for Quality 00:47:30 Sam Zell's Life Philosophy: Freedom, Focus, and the One True Luxury 00:50:29 Start, Scale, Sell Is a Trap: Find Your Last Business 00:52:36 Complexity Is the Killer: The Sam Walton Bureaucracy Battle 00:59:15 Simplify to Amplify: Raising Cane's, Papa Bagels, and the Power of One Thing 01:07:13 Founder Problem Fit: Know Your Archetype 01:25:17 AI, Electricity, and Thin Horizontal Enabling Layers 01:30:50 Mute the World and Build Your Own: The Daily Design Philosophy 01:34:59 The Power of Simple Obsession ___________ MORE FROM BIGDEAL 🎥 YouTube: https://www.youtube.com/@podcastbigdeal 📸 Instagram: https://www.instagram.com/bigdeal.podcast 📽️ TikTok: https://www.tiktok.com/@big.deal.pod MORE FROM CODIE SANCHEZ 🎥 YouTube: https://www.youtube.com/@codiesanchezct 📸 Instagram: https://www.instagram.com/codiesanchez 📽️ TikTok: https://www.tiktok.com/@realcodiesanchez OTHER THINGS WE DO 🌐 Our community: https://contrarianthinking.typeform.com/to/WBztXXID 📰 Free newsletter: https://contrarianthinking.biz/3XWLlZp 📚 Biz buying course: https://contrarianthinking.biz/3NhjGgN 🏠 Resibrands: https://resibrands.com/ 💰 CT Capital: https://contrarianthi Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices]

#121 How to Start A Business With NO Money | Blake Mycoskie (Founder of TOMS)

Most people think you need money to build a business. Blake Mycoskie proves you need creativity, conviction, and resilience. He built TOMS from $3,000 into a $600 million exit and launched multiple bootstrapped ventures, revealing what it really takes to start from nothing. In this raw conversation, Blake shares the frameworks behind businesses started with almost no capital — including a $500 laundry service that made $100K in three days and a $1,500 driver’s ed company. He explains why too much funding can hurt startups, how he cold-called Kid Cudi into becoming a founding partner, why industry experience can limit innovation, and his “utility marketing” approach — showing real value instead of selling hype. Blake also opens up about the depression that followed his success, waking at 3 AM with suicidal thoughts, and the healing journey that led to Enough, his mental health movement. He discusses lessons from failure at TOMS, using AI therapy during panic attacks, confronting his core belief of “I’m not enough,” mantra meditation, scheduling joy, walking the Camino, and why bold goals should be held loosely. This is practical entrepreneurship and personal transformation from someone who built millions from pocket change and found purpose beyond profit. Ready to turn your newsletter into your career? Head to https://beehiiv.link/nuiowa [https://beehiiv.link/nuiowa] and use code CODIE30 for 30% off your first three months. ___________ 00:00:00 Introduction 00:01:11 Starting Businesses With Zero Money: The EZ Laundry Story 00:03:06 The Two Biggest Lies Entrepreneurs Are Told 00:07:15 Utility Marketing: The Purple Cow Principle 00:11:08 Taste, Style, and Hiring the Right People 00:20:25 The ENOUGH Movement: From Depression to Purpose 00:31:52 The Dark Night: Suicidal Ideation and the Path to Healing 00:44:18 Big Goals Loosely Held: The Buddha Tree Moment 00:48:50 AI Therapy and Pattern Interrupts: Tools for Mental Health 00:55:26 Scheduling Joy and Engineering Adventure Into Life ___________ MORE FROM BIGDEAL 🎥 YouTube: https://www.youtube.com/@podcastbigdeal [https://www.youtube.com/@podcastbigdeal] 📸 Instagram: https://www.instagram.com/bigdeal.podcast [https://www.instagram.com/bigdeal.podcast] 📽️ TikTok: https://www.tiktok.com/@big.deal.pod [https://www.tiktok.com/@big.deal.pod] MORE FROM CODIE SANCHEZ 🎥 YouTube: https://www.youtube.com/@codiesanchezct [https://www.youtube.com/@codiesanchezct] 📸 Instagram: https://www.instagram.com/codiesanchez [https://www.instagram.com/codiesanchez] 📽️ TikTok: https://www.tiktok.com/@realcodiesanchez [https://www.tiktok.com/@realcodiesanchez] OTHER THINGS WE DO 🌐 Our community: https://contrarianthinking.typeform.com/to/WBztXXID [https://contrarianthinking.typeform.com/to/WBztXXID] 📰 Free newsletter: https://contrarianthinking.biz/3XWLlZp [https://contrarianthinking.biz/3XWLlZp] 📚 Biz buying course: https://contrarianthinking.biz/3NhjGgN [https://contrarianthinking.biz/3NhjGgN] 🏠 Resibrands: https://resibrands.com/ [https://resibrands.com/] 💰 CT Capital: https://contrarianthinking.biz/4eRyGOk [https://contrarianthinking.biz/4eRyGOk] 🏦 Main St Hold Co: https://contrarianthinking.biz/3YfGa8u [https://contrarianthinking.biz/3YfGa8u] Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices]

#120 The Best Investment Advice No One Listens To

Most people think getting rich is about saving harder or finding the next hot stock. It's not. It's about owning things. After 15 years on Wall Street, I learned the hard way that the wealthy don't get there by trading time for money or chasing tickers. They build ownership in boring, cash-flowing businesses that most people overlook. In this episode, I break down the exact investment framework I use today: just three categories I actually care about, why I ignore single stocks and hot tips, and how private business ownership became my unfair advantage. We dive into why Buffett doubled his money at 20% per year while the S&P did half that, why leverage magnifies your mistakes more than your wins, and why volatility isn't risk — not knowing what you're doing is. But this isn't theory. It's applied finance from the trenches. You'll learn: • Why the market is more concentrated and leveraged than almost any point in modern history • How to think like Buffett: buy businesses, not price movements • Why inflation and AI are quietly eating your W2 income while you sleep • The difference between speculation and actual investing (and why most people confuse the two) • How one woman bought six pack-and-ship stores while keeping her tech job • Why Charlie Munger said the best businesses don't require you to be a genius to run them • The three types of risk in every deal: product, market, and execution • How to negotiate by understanding the seller's incentives, not just your own • Why speed and ownership are the only real hedges against what's coming If you're tired of watching your salary get chipped away by inflation, or if you've ever wondered how people actually build wealth without a finance degree or a trust fund, this episode will change how you think about money, ownership, and what it actually takes to win in 2026. Also hi I’m Codie and I run an investment and advisory firm that helps you buy and build businesses. Every year we do one 3 day virtual workshop to help you find, finance and learn to do deals live. Come learn what Wall Street (and your boss or competitors) hope you never learn: https://contrarianthinking.biz/MSML_BDYT26 [https://contrarianthinking.biz/MSML_BDYT26] ___________ 00:00:00 Introduction 00:00:22 The Three-Investment Portfolio: Why Less Is More 00:00:59 Buffett's 5.5 Million Percent Return: The Power of Selectivity 00:01:45 The 2026 Market Warning: Debt, AI Valuations, and Leverage Risk 00:03:40 Volatility Is Not Risk: Risk Is Not Knowing What You're Doing 00:07:43 The Asset Ownership Race With AI: Own the Farm or Be the Donkey 00:09:10 Main Street Millionaire Live: Your Path to Business Ownership 00:10:16 Build Durable Advantages: Moats, Brands, and Networks That Protect Profits 00:10:39 Nui's Story: From Big Tech to Six Pack and Ship Stores 00:14:20 Charlie Munger on Simple Business Models: Take a Simple Idea Seriously 00:15:30 The Three Risks Framework: Product, Market, and Execution 00:16:37 The Power of Incentives: Understanding What Drives Every Deal 00:18:13 Speed Wins: Why Moving Fast Makes You More Money 00:20:15 The Main Street Revolution: Your Generational Wealth Creation Event ___________ MORE FROM BIGDEAL 🎥 YouTube: https://www.youtube.com/@podcastbigdeal [https://www.youtube.com/@podcastbigdeal] 📸 Instagram: https://www.instagram.com/bigdeal.podcast [https://www.instagram.com/bigdeal.podcast] 📽️ TikTok: https://www.tiktok.com/@big.deal.pod [https://www.tiktok.com/@big.deal.pod] MORE FROM CODIE SANCHEZ 🎥 YouTube: https://www.youtube.com/@codiesanchezct [https://www.youtube.com/@codiesanchezct] 📸 Instagram: https://www.instagram.com/codiesanchez [https://www.instagram.com/codiesanchez] 📽️ TikTok: https://www.tiktok.com/@realcodiesanchez [https://www.tiktok.com/@realcodiesanchez] OTHER THINGS WE DO 🌐 Our community: https://contrarianthinking.typeform.com/to/WBztXXID [https://contrarianthinking.typeform.com/to/WBztXXID] 📰 Free newsletter: https://contrarianthinking.biz/3XWLlZp [https://contrarianthinking.biz/3XWLlZp] 📚 Biz buying course: https://contrarianthinking.biz/3NhjGgN [https://contrarianthinking.biz/3NhjGgN] 🏠 Resibrands: https://resibrands.com/ [https://resibrands.com/] 💰 CT Capital: https://contrarianthinking.biz/4eRyGOk [https://contrarianthinking.biz/4eRyGOk] 🏦 Main St Hold Co: https://contrarianthinking.biz/3YfGa8u [https://contrarianthinking.biz/3YfGa8u] Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices]