Hard work doesn't make you wealthy. If it did, the person running your local laundromat would out-earn Jeff Bezos. In this clip, Codie Sanchez and Jay Shetty talk about why owning a home might not be the smart financial move it used to be, and why you suffer less from a lack of money than a lack of knowing how to get it. Codie breaks down the real difference between debit and credit cards, why "passive income" is mostly a myth, and the one mentality shift she calls it fixer vs. freeloader that decides who actually gets rich. Learn about the lipstick theory that predicts a recession before the headlines do, and why the smartest thing you can do with your money right now might be nothing like what your parents did. JAY'S DAILY WISDOM DELIVERED STRAIGHT TO YOUR INBOX Join 900,000+ readers discovering how small daily shifts create big life change with my free newsletter. Subscribe https://news.jayshetty.me/subscribe Chapters 0:00 — Why it feels like a bad time to make money 1:24 — Buffett's rule: be greedy when others are fearful 3:18 — Is owning a home still the smart move? 4:20 — The financial literacy gap nobody talks about 4:58 — The debit card myth that kills your credit 8:37 — Warren Buffett's real relationship with debt 10:02 — You don't lack money, you lack knowledge 10:46 — Should everyone have a side hustle? 13:26 — The three things that make a great CEO 14:10 — How to actually get a raise 17:07 — Why hard work doesn't equal wealth 19:14 — Is passive income a myth? 20:34 — The difference between a hobby and a skill 27:00 — Fixers vs. freeloaders 33:09 — The lipstick theory of recessions 34:31 — Why marriage is a financial advantage 39:59 — Who should pay on the first date 44:27 — Why you should always sign a prenup 47:05 — The four stages of investing 54:08 — What people waste money on instead of getting rich Watch the FULL episode on Netflix & Spotify 🎙️ Netflix - https://dub.sh/QaUsKeD Spotify - https://dub.sh/axUXylv Full Episode With Codie Sanchez: https://youtu.be/tE6CwaBxuN4 Episode Resources: https://codiesanchez.com/ https://www.youtube.com/@CodieSanchezCT https://www.instagram.com/codiesanchez https://www.facebook.com/codiesanchezbiz/ https://www.tiktok.com/@realcodiesanchez https://www.linkedin.com/in/codiesanchez/ https://contrarianthinking.co/