Welcome to another episode of Impact Theory with Tom Bilyeu. Today, we embark on a critical exploration of economic and financial landscapes with our esteemed guest, Codie Sanchez. Together, Tom and Codie dissect pressing issues such as business ownership challenges, inflation's impact across generations, and the impending $68 trillion wealth transfer from baby boomers.Codie provides profound insights into the current labor market, the revival of interest in trade professions, and the indispensable role of financial literacy. She brings her extensive expertise to the table, highlighting strategic business acquisitions, the significance of long-term investments, and the crucial aspects of self-awareness and risk management.This episode delves into the far-reaching influence of major asset managers, the nuanced complexities of national debt, and potential economic trajectories. It also addresses the importance of understanding financial terminology and structures to navigate this landscape effectively.SHOWNOTES Unemployment linked to despair and loss of purpose. Focus on ownership for wealth creation. Economic cycles encourage finance success, require realism. Deal clarity, origination, financing, due diligence, negotiation. Learn everything; knowledge empowers negotiation and success. Two types: risk-takers and cautious learners. Understanding terms prevents bad financial deals. Vendor declined podcast work over moral reasons. Business decline by 2035 due to aging factors. Vanguard conducts proxy voting for significant decisions. CHECK OUT OUR SPONSORSRange Rover: Explore the Range Rover Sport at  https://landroverUSA.comRosetta Stone: Check out Rosetta Stone and use my code TODAY for a great deal: https://www.rosettastone.comBetterhelp:This episode is sponsored by BetterHelp. Give online therapy a try at https://betterhelp.com/impacttheory and get 10% off your first month.ButcherBox:New users that sign up for ButcherBox will receive 2lbs of 100% grass fed ground beef in every box free for the lifetime of their subscription + $20 off your first box when you use code IMPACT at https://butcherbox.com/impact Netsuite:Spend less time looking backwards, and more time on what's next. Download the CFO's Guide to AI and Machine Learning at https://NetSuite.com/theoryGoldback: Goldbacks are currency for now, and for the future, get yours at https://impacttheory.co/GoldbackITNovMiro: Bring your teams to Miro’s revolutionary Innovation Workspace and be faster from idea to outcome at https://miro.com.Legal Zoom: Launch, run, and protect your business at https://www.legalzoom.com/ – use promo code 'IMPACT' for 10% off!Shopify: Sign up for your one-dollar-per-month trial period at https://shopify.com/impactWhat's up, everybody? It's Tom Bilyeu here:If you want my help... STARTING a business: join me here at ZERO TO FOUNDER SCALING a business: see if you qualify here. Get my battle-tested strategies and insights delivered weekly to your inbox: sign up here.If you're serious about leveling up your life, I urge you to check out my new podcast, Tom Bilyeu’s Mindset Playbook —a goldmine of my most impactful episodes on mindset, business, and health. Trust me, your future self will thank you.Join me live on my Twitch stream. I'm live daily from 6:30 to 8:30 am PT at www.twitch.tv/tombilyeuLISTEN TO IMPACT THEORY AD FREE + BONUS EPISODES on APPLE PODCASTS: apple.co/impacttheoryFOLLOW TOM:Instagram: https://www.instagram.com/tombilyeu/Tik Tok: https://www.tiktok.com/@tombilyeu?lang=enTwitter: https://twitter.com/tombilyeuYouTube: https://www.youtube.com/@TomBilyeu Learn more about your ad choices. Visit megaphone.fm/adchoices