Self-Made Millionaire Codie Sanchez Shares the Best $1K Investment She's Ever Made
Self-made millionaire Codie Sanchez has built her wealth through buying 'ordinary' small businesses, but her best small-scale investment has nothing to do with her impressive portfolio.
Learn More:
For You:
During a recent appearance on the 'On Purpose With Jay Shetty' podcast, Shetty asked Sanchez what her best $1,000 investment has been, and her answer may surprise you.
Sanchez's best $1,000 investment wasn't a stock or a stake in a small business, but an investment in her own health.
'This is a little cliche, but health and wealth are super tied,' she said on the podcast. 'The best money I've ever spent are probably on two things: a sauna and a cold plunge.'
While it might not seem like there is a tie between saunas and cold plunges and making money, Sanchez believes there's a real connection.
'I know that sounds super tech bro, but the truth of the matter is that if I can get a little bit more energy in the beginning of the day, it seems to carry through the rest of my day and make me more money,' she said. 'So whatever your sauna and cold plunge is — and I think I bought mine on Amazon for literally $1,000 each — then that's money well spent.'
Find Out:
Even if you don't have $1,000 to invest in your health, there are some things you can do for much less — or even for free — that can improve your well-being:
Meditate.
Get in a daily walk or run.
Add probiotics to your diet via fermented foods.
Journal.
Follow workouts on YouTube.
Drink green juice.
Get eight hours of sleep every night.
Try oil pulling.
Stock up on frozen veggies.
Take advantage of free trial periods at gyms and fitness studios.
Dry brush before showering.
Buy nuts, seeds and dried fruits in bulk.
Drink more water instead of less-healthy (and more costly) alternatives.
Observe 'meatless Monday.'
More From GOBankingRates
Mark Cuban: Trump's Tariffs Will Affect This Class of People the Most4 Affordable Car Brands You Won't Regret Buying in 2025How To Get the Most Value From Your Costco Membership in 20255 Types of Vehicles Retirees Should Stay Away From Buying
This article originally appeared on GOBankingRates.com: Self-Made Millionaire Codie Sanchez Shares the Best $1K Investment She's Ever Made

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles

USA Today
25 minutes ago
- USA Today
Early Access Alexa+: I tested Amazon's AI assistant. Here's why it's a game-changer
Early Access Alexa+: I tested Amazon's AI assistant. Here's why it's a game-changer Show Caption Hide Caption Amazon faces lawsuit as customers report disappearing refunds after returns Customers allege that Amazon reversed their refunds for returned products, leading to a lawsuit that challenges the company's advanced refund policy. Scripps News After Amazon's New York City reveal of the new AI-infused Alexa a few months back, I made you wait to read my take on the news. Before I finished writing, you see, I filled out the form to request Early Access to Alexa+. It didn't take long. But I still felt kind of bad about it. Not anymore, though, because for the past two months, I've been kicking the tires on Alexa+ as part of that program. And now you can read about it! Early access to Early Access Keep in mind, Amazon isn't offering Early Access to publications because Alexa+ isn't a finished product. The Alexa+ Early Access program is as much a beta-testing round for Amazon as it is an exclusive opportunity for some customers to get an early look at the service. That said, when you onboard 'hundreds of thousands' of US customers – as Amazon says it has since the program launched March 31 – you're going to let in a few columnists whether you like it or not. It's inevitable. If you want, you can apply for Alexa+ Early Access. All you need is a late-model Echo Show – a smart display that doubles as a video-enabled Amazon Echo and a FireTV entertainment center – and, apparently, a little luck. The company says it plans to have 'millions' enrolled by month's end, which probably means the amount of luck you need is dropping sharply. In case you missed it: Amazon turns command-taker into plan-maker with Alexa+ launch Bottom line I've been very pleased – and occasionally quite impressed – with Alexa+. It can do everything the original Alexa can do, only with a flexible, approachable personality that makes interactions more pleasant and accurate. The AI-enabled Alexa+ can also handle more complex tasks, from brainstorming menus and managing calendars to planning repairs and finding the right restaurant – and making the reservation. Of course, my time with the new-and-improved AI assistant hasn't been without off-the-rails interactions. That's to be expected with generative AI, regardless of whether it's in pre-release or a finished product. More often, though, I've had expansive, interesting and helpful conversations that, like the sweet smack of a perfect golf drive, make you want to come back and try again. Those experiences are critical, I've found. Because Alexa+ doesn't magically integrate into your life. It requires a routine change. Which means that if you don't work to find reasons to engage, Alexa+ will end up being just a wittier, more pleasant-sounding egg timer than the one you have now. The more you engage – and the more Alexa+ delivers – the easier it gets. You'll start thinking of more things to ask. And Alexa+, in turn, will chalk up more successes. All that's a long way of saying that if you're not going to bother, then don't bother. Because you won't get to see what Alexa+ can unless you make the effort. A smarter smart home Our smart home may not be any smarter now. But Alexa+ makes it much easier to use. Alexa+ is also much more tolerant of word choice. It doesn't care, for example, if I call it the entry light or foyer light, or front door light. It will turn it on regardless. It's much easier to ask for live views of our Ring cameras on our Echo Show 21. As well, I can ask Alexa+ to show me all packages delivered in the past day. I was even able to build a routine – turn off a set of lights at bedtime, then report the weather and review my day tomorrow on the Echo device in our walk-in closet – by talking to the Echo Show 21 in the kitchen. That's next-level accessible! This feature alone could turn out to be the killer smart home app. Other early successes My wife and I have had some fruitful conversations with Alexa+. As we prepared dinner one night, we lamented how the seafood quality has declined at our go-to grocer. Alexa helped us find a specialty shop with super-fresh – albeit pricey – fish. Another valuable back-and-forth came when I took my DIY project to Alexa. I wanted to add an electrical outlet to an exterior wall. Alexa offered step-by-step instructions that we iterated on together as I shared more specifics. It felt natural. Early glaring misses to improve upon Alexa made me a shopping list for my external outlet project. Pretty good, except that it forgot to include the electric outlet. It incorrectly concluded that an outlet came bundled with the outlet cover. When I challenge errors, Alexa+ reassesses in much the same agreeable manner I've experienced with chatbots like ChatGPT, Gemini and CoPilot. That's generative AI for you. Even at this early stage, the difference between Alexa+ and the others is shaped by the territory they're carving out. Unlike the others, which are built more for smartphones and desktops, Amazon is clearly trying to lock in its place on the kitchen counter with Alexa+. Smart move. Because the kitchen is where many families naturally plan together. And the features Amazon has built thus far – along with the ones still on the punch list, like ordering groceries, meal delivery and event tickets – are shaping up to make Alexa+ an able partner for planning and executing plans – provided you're willing to put in the effort. If not, no worries. The kitchen counter will always be a great spot for a voice-activated egg timer. Mike Feibus is president and principal analyst of FeibusTech, a Scottsdale, Arizona, market research and consulting firm. Reach him at mikef@ Follow him on X at @MikeFeibus.
Yahoo
27 minutes ago
- Yahoo
Costco's (COST) Membership Model Powers Ouperformance as Headwinds Persist
Costco's (COST) fiscal Q3 2025 results show the retail giant remains largely insulated from broader economic pressures, thanks to the loyalty of its massive member base. Revenue grew 8% year-over-year, outpacing competitors such as Target (TGT) and Walmart (WMT), despite challenges including inflation and tariffs. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter The key driver? It has 76.2 million paid members worldwide, delivering a consistent and reliable income. While the stock trades at a premium and macro headwinds persist across the retail sector, Costco's strong financial performance supports a continued bullish outlook. Last week, Costco surpassed earnings expectations, reporting $4.28 per share versus the anticipated $4.24. Along with an 8% rise in sales, net income jumped 13.1% year-over-year to $1.9 billion. This impressive net income growth is driven mainly by membership fees, which accounted for nearly two-thirds of Costco's net operating income. Importantly, this high-margin revenue stream allows Costco to operate with the profitability and stability often associated with software companies. The appeal of Costco memberships is clear, especially in times of higher inflation. By buying in bulk, members can theoretically save money, making the membership a valuable proposition. Even after raising membership fees in September 2024—for example, the 'Gold Star' membership increased from $60 to $65—renewal rates have stayed impressively above 90%. This recent price hike was the first in seven years and came at a sensitive time for consumers grappling with inflation, making those high renewal rates all the more remarkable. It shows members still see strong value despite the higher fees. For Costco, even a modest fee increase translates into hundreds of millions of dollars in additional annual operating income. Beyond the financials, memberships have a powerful psychological effect on shoppers. They encourage more frequent visits and foster customer loyalty, creating a flywheel effect where members pay for high-margin subscriptions while buying low-margin groceries in large volumes. Every business dreams of a recurring, predictable revenue stream—and for retailers like Costco, memberships are the perfect way to achieve it. Costco's resilience is nothing new. During the 2008–2009 financial crisis, while overall retail sales fell by 8%, warehouse clubs like Costco actually saw sales grow by 2%, with membership numbers holding steady. Fast forward to the COVID-19 pandemic, and Costco once again proved its strength, posting 16% revenue growth in fiscal 2021, largely driven by a surge in online sales. Its bulk-buying model became especially appealing as consumers rushed to stock up on essentials like toilet paper, underscoring how well Costco adapts to consumer behavior in times of economic stress. That's another thing about Costco. Retail just isn't the physical store anymore. It's digital, too. Costco's e-commerce segment is growing around 15%. Its mobile app is widely popular, and new technologies like 'scan-and-go' improve the shopping experience. Moreover, having your logo on millions of smartphones has other benefits like increased digital engagement, personalized recommendations, and dirt-cheap advertising. All of this helps explain why Costco (COST) trades at a premium valuation. With a Price-to-Earnings (P/E) ratio nearing 60—well above the sector median—the stock appears 'priced for perfection.' While such a valuation leaves little room for error, it's not unusual for high-quality companies to command premium multiples. If Costco continues to deliver strong performance, it could justify and even extend that valuation. However, there are risks. Tariffs and inflation remain headwinds, as highlighted by the $130 million LIFO charge in the recent quarter. These pressures could erode profitability and test investor confidence. Additionally, Costco faces stiff competition from other warehouse clubs like Sam's Club, which could impact growth and market share. In short, while Costco's fundamentals remain strong, its elevated valuation offers a limited margin of safety should conditions worsen. On Wall Street, Costco sports a consensus Moderate Buy rating based on 17 Buy, eight Hold, and zero Sell ratings in the past three months. COST's average price target of $1,093.64 implies a 4% upside potential over the next twelve months. Last week, Morgan Stanley analyst Simeon Gutman gave COST a Buy rating with a price target of $1,250. The analyst was impressed by Costco's member and sales growth. He also noted that 'Costco's ability to leverage its scale to counteract inflationary pressures and expand its market share against competitors is another key reason for the Buy rating. The company's business model, which focuses on consumable categories, provides a defensive advantage with limited tariff risk.' In summary, Costco's membership-driven model gives it a unique edge—especially during periods of economic uncertainty. Its recession-resistant qualities, combined with 8% sales growth, over 90% membership renewal rates despite recent price hikes, and rising net income, showcase strengths that traditional retailers struggle to match. These factors help justify Costco's premium valuation and sustained outperformance. That said, investors should tread with some caution. A lofty valuation means high expectations are already priced in, and any sign of a slowdown could rattle the market. But for now, Costco continues to fire on all cylinders, proving itself to be a dominant, resilient, and remarkably consistent retail force. Disclaimer & DisclosureReport an Issue

Engadget
an hour ago
- Engadget
The latest iPad mini drops to a record-low price
The latest Apple iPad Mini is on sale via Amazon , bringing the 128GB model down to a record-low price. Each Wi-Fi-only model has been discounted by $100, so the 128GB version is $399, the 256GB tablet is $499 and the beefy 512GB model is $699. This deal applies to multiple colorways. This is one of the best Apple tablets , and the only choice for those looking for a compact iPad. It's the company's most powerful tablet in this size, as the A17 Pro chip is plenty capable. An M-series chip would have been nice, but it's not in the cards just yet. Having said that, this is still a full-featured iPad that can hang with its larger cousins. It offers support for the Apple Pencil Pro, which is handy, and the 12-megapixel camera on the rear takes decent shots, even in low light. The camera is also a decent choice for scanning documents and QR codes, as noted in our official review . The speakers sound much better than one would expect, though this has become the norm with recent Apple products. The display looks nice, but it is just a standard LCD with a 60Hz refresh rate. Apple tends to reserve its best screen technology for the higher-end tablets. There's no Face ID here, but that's not a deal breaker for me, as I actually prefer Touch ID or just quickly typing in a four digit security code. Check out our coverage of the best Apple deals for more discounts, and follow @EngadgetDeals on X for the latest tech deals and buying advice.