#176 with Codie Sanchez - Buying Distressed Assets, Real Estate for Cheap & How to Network Like a Pro

**Sam** (0:00)
All right, there's this amazing book called Getting Everything You Can Out Of All You've Got. I read it a few years ago and it changed my life.
And the reason I loved it was because it basically talks about how to get and make more money using things that you already have.
Coincidentally, today's podcast is brought to you by Business Made Simple. It's a podcast by Donald Miller, who I'm gonna tell you about in a second, but he has this amazing episode that's all related to this book and the things that I learned in this book. It's called How To Make Money With What You Already Have. It's an incredible episode. Talks about all the stuff that I learned in this book. The host is Donald Miller. I didn't know who Donald Miller was up until recently, but over the last 12 months, this is totally by coincidence. It was all separate people. They said, you have to check out Donald Miller. He's amazing. So I'm happy that he's part of HubSpot's Podcast Network. You can check it out, Business Made Simple Podcast. It's where he coaches you on how to build your business like an airplane, where the cockpit is your leadership, the body is your overhead, the right engine is your marketing, the left engine is your sales.
You have to check it out. This guy's amazing. It's called Business Made Simple with Donald Miller.

**Codie Sanchez** (1:02)
Most people should not be out there trying to build the next Facebook. And I think it's kind of fucked up that a lot of people try to tell people that's what they should do. Most people want Maslow's hierarchy of names, right? You want your family taken care of, you want food on the table, you want to be able to do the shit you want to do on the weekends, and that's it. And so I like the portfolio actually better of a portfolio of small bets. I think of buying businesses a lot like I think about buying stocks.
Let's travel never looking back.

**Shaan** (1:39)
Sam, you showed up. I thought you were too hung over from last night's pod that went till two in the morning to show up today.

**Sam** (1:48)
Dude, it went later for me. I mean, I didn't go to bed till four. What time did you, what time was it over for you?

**Shaan** (1:53)
It ended, but my brain didn't turn off. So like, I don't even know if I slept last night. I straight, so we, so Codie, we had Balaji on the pod yesterday. And I don't know if you know him. He's kind of a real smart, smart dude. And he definitely, you know, has like a ton of different ideas and thoughts. And he's like super, super smart on a math perspective, science, you know, technically for computer science.
And so he was, you know, rattling off a bunch of interesting things.
But when he left and I'm going to sleep, and it's just, you know, I'm sitting there, I'm in bed, my dog's in the bed. And like, my mind is like making up straight up, I was just making up like scientific theories in its head. Like, you know that state where you're dreaming, but you're like lucid dreaming or whatever, you're like kind of like half asleep.
And so I was half asleep, but my mind was like, oh, but then the vector has to go to the scalar and then it has to, you know, the order of magnitude. And I was like, then I'd wake up and be like, what the fuck am I talking, like what the fuck is going through my head? This is not even, this is gibberish, this is scientific gibberish. And that's straight up happened like the whole night. So not a great, probably a great night for me.

**Codie Sanchez** (2:54)
Be prepared to be underwhelmed in comparison to him today, I think is the moral of the story.

**Sam** (3:02)
Well, he's just like, like we've had a, I think we've had one other person on the podcast. Like I guess Michael Saylor could be this, but I for sure think that Rahul from Superhuman was like this, but there's like these, a handful of people who we've talked to. And you know how people say like, oh, that person's a genius. They're not, they don't really mean it. But if we define genius as just like a certain IQ, I would bet a lot of money that he was the highest IQ person that I've ever had a conversation with. And it was very obvious. And he actually was quite, he tried really hard to hide it in that he tried to act nice and friendly.