Codie Sanchez shares five wealth-building principles from her billionaire friend Bill: think bigger, find mentors who see your potential, buy things to give away, surround yourself with winners, and keep diverse friendships. These rules shaped her launch of BizScout.
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My friend Bill is damn near a billionaire and he has 5 rules to help you and me become one too. The first one he told me is you're thinking too small. I had told him about a plan I had to build and he looked at me really closely and he said, "Do you think you've been around small business for so long that small has infected your thinking?" And that one question led me to build a business, BizScout. The second is find the billionaire to your millionaire. Friends who are so interested in seeing you succeed that they see you as larger than anything you can imagine yourself. Next, You buy stuff to give it away. What's all the money for? A little bit about the law of reciprocity. And if you haven't read Bill's book, he says it perfectly. Next, find the people advancing the world. There's a quote from Bill, and it's like this mentality he had. If you want the people in your life to help you move forward, you gotta surround yourself with winners. And then lastly, he says, keep a menagerie of friends. Humans are multifaceted. Let them be. You have different friends for different reasons. Not winning one area doesn't mean the whole friendship is spoiled. Find people who are winners, but maybe in their segment.