Codie Sanchez argues that speed of action is a primary driver of financial success. She recounts a conversation with her mentor Bill Perkins (author of Die with Zero), who attributes his success to moving quickly—trying ideas, making mistakes, and iterating faster than others—then contrasts this with daily workplace distractions that slow execution.
Chapters
The faster you are, the more money you will make. That your bank account is actually a reflection of how fast you move. I was sitting with one of my mentors, Bill Perkins, who wrote the book Die with Zero. I asked him, bill, you're worth a lot of money. You've made hundreds of millions of dollars. Why do you think you've been so successful? And he kind of looked at me, and he thought for a second, and he said, I move really fast. By the time somebody else has thought about an idea, taken it to investment committee, I've already started, made three mistakes, and found a better way. How many of you guys get into the office every day and you're like, I got top three things I need to cover today. I'm going to handle those. And then what happens? 300 other urgent things that are not important.