Codie Sanchez says the most important skill for generational wealth is bringing people along: hiring, collaborating, mentoring. A Goldman mentor challenged her to find her biggest business problem. She realized people are both the biggest problem and the best part.
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The most important skill you can acquire in life if you want to have generational, what I call hue level of money is to bring other people along with you. Because you simply cannot do it by yourself. You need help. You cannot do it alone. When I was starting my very first business, I went to one of my mentors at Goldman, and he said, I already know what your biggest problem is going to be. And I said, okay, great, tell me. And he goes, no, I want you to find it out for yourself in six months. Come to me when you have your biggest problem and I'm going to tell you what it's going to be. So I came back to six months. I'm like, problem is one word, and it's people. The worst part about your business, your people. The best part about your business, your people.