Codie Sanchez's mentor David Osborne, worth $100 million, told her money is a cruel mistress that leaves you if you don't pay attention. He challenged her to track exactly how much she had, made, and spent daily. One year of that habit, he promised, would make her richer.
Questions this video answers
$100 million
$100,000
If she looked at her money every single day and tracked spendings and savings for one year, she would be richer.
Chapters
Happens when you hang out in rooms with other people who have way more zeros is your problems are so small to them, often they can see into your future. It's a really weird thing. One of my mentors, David Osborne, who was like, worth 100 million at the time, I thought that was the richest any human could be. We were on a walk and he was like, how much money do you have right now? And I was like, I don't know. I have 100k in the bank right now. He's like, no, no. How much money exactly do you have in the bank? And I was like, well, I don't know. I'd have to look. He goes, you have to look. He's like, how much money do you make a month? And I was like, well, about this. He's like, you don't know. Exactly. And I was like, I also don't know that. How much money do you spend? I also don't know that. And he goes, money's a cruel mistress. If you don't pay attention to her, she leave you for somebody else. And I remember hearing that conversation and thinking, let's take that one step further. So if all I have to do is follow my money, look at her, pay attention to her, and she'll grow. And he said, I can guarantee you if in one year from now, if you look at your money every single day and you look at your spendings and you look at your savings and you think about an ability to grow both, one year from now, you will be richer. And I was like, you guarantee? And he's like, I guarantee. That conversation changed my life, because now I am at a point where I realize she is a cruel mistress. And so give her attention or she'll leave you.
