Codie Sanchez argues that stock market investing alone won't make you rich because it mostly benefits asset managers and banks. Real wealth comes first from earning through proactive risk-taking, then investing can multiply what you've already built.
Chapters
You are crazy if you think that the way you are going to get rich is from making the money that you have right now and just investing it in the stock market. That's insane. You will not get rich that way. Why? Because what you are actually doing is you're just letting other people get rich. Who gets really rich? The asset managers who manage your money. The banks that hold your capital. Why do they get rich instead of you? Because what do they do? They take your money and they do something with it proactively. So they take your money and they take real risk with it. And I think unless you take risk with your money, but also with yourself, you're never going to get wealthy. And it's not done through investing. It is done through earnings earning, but it's the only way you make real money. Once you make real money, you can make more of it through investing. But in the beginning, you gotta earn. You are crazy if you think that the way you are gonna get rich is from making the money that you have right now and just investing it in the stock market. That's insane. You will not get rich that way. Why? Because what you are actually doing is you're just letting other people get rich. Who gets really rich? The asset managers who manage your money. The banks that hold your capital. Why do they get rich instead of you? Because what do they do? They take your money and they do something with it proactively.
