Codie Sanchez shares what billionaire friends taught her about money: the rule of thirds for life balance, assuming competitors outwork you, keeping three mentors, and hiring through your network. Bill Perkins finds talent this way. Mark Smith started in a forge room.
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I stole these lessons from a couple of my billionaire friends that taught me more than anything else on making money. You know, the first one was the rule of thirds. One third of the time your life will be great. Another third of the time you'll be stretched and uncomfortable, but like, okay. And then another third of the time you'll be absolutely miserable. The second is you assume your best competition works smarter and harder than you. One of my billionaire friends is a bit older. He's 75 years old and he's woken up at 5:30 and gone to sleep at 11:30pm for 48 years. Like that's your actual competition. The next one is you're never too good for a mentor. They don't have one. So I gotta like keeping three mentors. And then lastly, one of my friends, Bill Perkins, once told me he hires exclusively through his network. You never get the chance at many opportunities. So this hard truth means you gotta get in the right rooms, even as a janitor. You know Mark Smith, the CEO of Smith and Wesson, he actually started in the forge room and I thought that story was incredible. These have taught me more than anything else about making money.
