Codie Sanchez breaks down six ways to find or save $20,000: skip the daily coffee, refinance student loans, recast your mortgage, negotiate your salary with proof of performance, audit investment fees, and ask yourself what $20,000 decisions you're making on autopilot.
Chapters
How to negotiate the simple things that will actually make you $20,000. And the funny part? You won't even realize you're paying for some of these right now. The tier list Nobody teaches you. F tier the $6 coffee myth. Stop trying to save money by skipping the latte. You're not going to go broke because of caffeine. You're going to go broke because of the next tier. D tier student loan interest. A hidden $5,000 a year lease. Most people just they pay it but don't refinance and do this. Say I'm being offered X percent with another lender. Can you match it or beat it? Then ask for perks. Do you have any rate reduction, loyalty or hardship programs I can qualify for? This alone can save you more than your entire coffee budget for the next decade. C tier mortgage interest. This is $20,000 a year. Your house is swallowing money. You could be compounding. Two moves. Mortgage recasting. Rare but real. You make a lump sum principal payment. Lender recalculates your payment. Your monthly payment drops. Ask do you offer mortgage recasting if I make a principal reduction payment? 2 mortgage rate modification. Actual renegotiation. The script goes like this. I'd like to explore a rate modification. I've been a strong borrower, but current market rates are lower. What programs do you have for a permanent rate modification? The lender match call. I've received offers to refinance at X percent before I move the loan. Can you match or beat it? Shockingly effective. B tier salary negotiation. 25k plus a year. Most people stay underpaid because they never ask. Set a meeting. Bring receipts. Say, here's what I expect to do this year. Here's what I actually did. Based on exceeding my metrics, I'd like to request a raise of F X. If you're good, they don't want to lose you. They'll do it. A tier investment fees. The 100k plus silent killer. If you have money anywhere, stocks, funds, advisors. Someone may be taking 1% of everything you earn. Audit your fees. Move to low cost providers or negotiate the rate down. Say, what's the expense ratio? And do you charge me a management fee? Watch them squirm. S tier the mindset shift. Stop asking $6 questions. The coffee. Start asking $20,000 questions. That's how you buy your freedom faster.
