The Tai Lopez Show

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Business
**The Tai Lopez Show**

The Tai Lopez podcast brings you the best business education straight from the world’s top entrepreneurs. I will also review the best books in health, wealth, love and happiness that will help you achieve your maximum potential and live the best life possible.

Latest Episodes:

The 3 Steps To Being A Mad Scientist Aug 03, 2019

Show notes

Get $150 off your purchase when you go to eightsleep.com/tai

Visit netsuite.com/tai to download your FREE guide, “Seven Key Strategies to Grow your Profits”

“The thing about smart people is they always sound crazy to dumb people.” - Tai Lopez

(click to tweet)

The most curious businessman is the one who makes the most money.

When navigating the waters of business, one must simultaneously know where to swim but also be open to new paths. This balancing act can be challenging; our eyes open for the next big thing but our feet making forward progress with our current endeavors.

On today’s episode of The Tai Lopez Show, we are discussing how to open the gates of curiosity by becoming the ultimate mad scientist. If we can adopt this mindset, the world becomes our oyster, and we’re able to see opportunity where we previously thought there was none.

This episode is taken from a speech I gave at Alex Becker’s 10 Pillars of Wealth. Visit his website here

Listen to this episode to learn the insider secrets, so you can create wealth from the property you live in.

Don’t forget! You can also listen to The Tai Lopez Show on Spotify! Click “Follow” and let me know what you think!

“I don’t fear other people. I only fear a shitty life.” - Tai Lopez

(click to tweet)

Points to Keep In Mind

“You get paid in direct proportion to the difficulty of problems you solve." - Elon Musk
Understand that recreation is overrated
Social media is a truth-teller
Hire people who have energy, integrity, innovation, learning ability, adaptability, and humility
Read The Secret Language of Money, Managing Oneself, and The Happiness Hypothesis.
Emotional people are fear-based and action-oriented people rely on pride, so adjust your approach accordingly
If you want financial advice, don’t talk to the person who wrote the Wall Street Journal article; talk to the person who owns the Wall Street Journal
Write out what you want your eulogy to be and pursue that life
Shrinking the problem allows you to see the problem
Pull your information from disparate sources to forge an evenly balanced point-of-view
Understand the four Ps of marketing: product, price, place and promotion
Test the viability of your product by understanding if it can reroute traffic

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How To Take Control of Your Destiny: The Law of 33% Jul 30, 2019

Show notes

“You have to take your destiny into your own hands and try to recreate what you missed out on.” - Tai Lopez(click to tweet) Sometimes the cards aren’t dealt our way. Personal or professional, at home or at work, the fact of the matter is that conflict is a constant in our day-to-day. Life, at its core, is filled with challenge and struggle, so we must learn how to best traverse these bumps in the road with the utmost elegance and efficiency.That’s why on today’s episode of The Tai Lopez Show, we are breaking down how to control your destiny. Often times in life, we find ourselves inside challenging situations where the answers aren’t so clear. This foggy vision is likely due to the fact that we have yet to cease the power to control our own destiny. Tune in to this episode to learn how to move through life more proactively with the law of 33%.This segment was produced by Goalcast. To learn more about Goalcast, you can visit their website or Youtube channel.Don’t forget! You can also listen to The Tai Lopez Show on Spotify! Click “Follow” and let me know what you think!“The most pain we get in life is when we think life is a straight line.” - Tai Lopez(click to tweet)Points to Keep In MindView your life as an adventure by choosing to interpret challenges as puzzlesOne of the biggest predictors in life is where you’re born; for the most part, poverty is systemicAll greatness comes from the pondering that comes from failure"Insanity is doing the same thing over and over again and expecting different results." - Albert EinsteinGet curious and creative for new solutions when selling product/servicesYou can recreate the cards that are dealt to youLearn more about your ad choices. Visit megaphone.fm/adchoices

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Why Airbnb Is Your Next Side Hustle Jul 25, 2019

Show notes

Problems hiring? Go to ziprecruiter.com/taifor a smarter way to hire for FREE!Visit netsuite.com/tai to download your FREE guide, “Seven Key Strategies to Grow your Profits”Go to stamps.com, and click on the microphone at the top of the homepage and type in TAI—to get a 4-week trial plus free postage and a digital scale without any long-term commitment.“The largest taxi service in the world owns no cars—Uber. The largest hotel service in the world owns no buildings—Airbnb. The largest journalistic magazine and media company has no reporters—Facebook.” - Tai Lopez(click to tweet)Real estate has made the most millionaires. When we evaluate the profitability of each industry, nothing compares to real estate. The buying and selling of property has produced the most wealth. However, because of technological advancements like smartphones and mobile applications like Airbnb, a new opportunity exists: sharing property. On today’s episode of The Tai Lopez Show, we are discussing how to make $1K-$10K/month using Airbnb. Whether we’re renting or owning properties, opportunities exist to profit from the unused space. But before we watch the money pour in, we must know what to look out for. Listen to this episode to learn the insider secrets, so you can create wealth from the property you live in. Don’t forget! You can also listen to The Tai Lopez Show on Spotify! Click “Follow” and let me know what you think!“A great way to network with billionaires is to not know who they are. That way you act normal.” - Tai Lopez(click to tweet)Points to Keep In MindImplement screening filters on tenants when renting your home out on Airbnb92% of the cities in the United States allow home-sharingIgnore the people who don’t believe in youStart home-sharing with the empty bedrooms inside the place you currently live inNo matter the industry, find out ways to join the sharing economyMake sure you have the right to sublease when you sign your leaseServices are the most inexpensive type of business to startDon’t believe verbal agreements. Instead, make sure everything is spelled out in writingCredit isn’t a black-and-white indicator of quality of tenantWhen purchasing real estate, you want to buy from unsophisticated sellers Create a separate website to advertise your property (use Wordpress, Wix, Squarespace)Learn more about your ad choices. Visit megaphone.fm/adchoices

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The 5 Rules of Powerful Public Speaking Jul 23, 2019

Show notes

“When you’re trying to get people’s attention, speak fast. When you’re trying to get people’s trust, speak slow.” - Tai Lopez(click to tweet)Most of us are scared of public speaking.But that’s only because we have yet to have a good experience getting in front of an audience. The stage fright and perceived threat of embarrassment makes us content with staying inside our comfort zone. If we’re not careful, this level of content can persist throughout our lives, leaving us in a position of never facing our fears. That’s why on today’s episode of The Tai Lopez Show, we are breaking down the 5 rules of powerful public speaking. From mastering emotional transference to understanding the different levels of cadence, this toolset gives us a framework to reference the next time we get in front of an audience. Tune in to this episode, so you can start to cease the speaking opportunities that are presented to you!Don’t forget! You can also listen to The Tai Lopez Show on Spotify! Click “Follow” and let me know what you think!“Humans, by their very nature, don’t trust other people.” - Tai Lopez(click to tweet)Points to Keep In MindUnderstand evolutionary psychology and risk-aversion to become a good public speakerSlow down your speech if you start to feel anxiety or nervousnessFind that balance between improvisation and preparation“Builder” personality-types like to listen to more structured speaking stylesMaster emotional transference, the act of transferring your strongly held beliefs to another perosnUnderstand that the only thing words are good for is transferring emotionsPursue your life with logic ahead of anything elseWhat makes you a great speaker is the same that makes you great at anything: practiceLearn more about your ad choices. Visit megaphone.fm/adchoices

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4 Law Formula for Generating $100 Million Jul 18, 2019

Show notes

Get a trial month of hims for just $5 today right now while supplies last. Go to forhims.com/tai Visit netsuite.com/taito download your FREE guide, “Seven Key Strategies to Grow your Profits”“To build a house, it cannot be too gradual. It has to be punctuated equilibrium.” - Tai Lopez(click to tweet)It’s hard to know what to do. Yes, we might have the great ideas, or the drive for success, but for some reason the next steps aren’t so clear. Maybe we’re caught in the product development cycle, or it’s possible that we’re hesitating to cold-email in search for a first client. On today’s episode of The Tai Lopez Show, we are breaking down the 4 law formula for generating over $100 million. When we harness this approach, the world opens up, and possibility becomes much more clear. Tune in to this episode, so you can learn how to best orient your energy in your passion products or anything else!Don’t forget! You can also listen to The Tai Lopez Show on Spotify! Click “Follow” and let me know what you think! “You need free cash flow. There’s a reason they say, ‘It takes money to make money.’ Because it’s true.” - Tai Lop(click to tweet)Points to Keep In MindThe first component of creating a beautiful product is making sure it provokes instant attractionGet rave reviews and testimonials right away in the product’s lifespanIntegrate the “can’t-live-without” factor into your productCreate systems to minimize mistakes and encourage organizationThe 10 richest people in the world have a combined worth greater than the lowest 3.5 billionHumans, by nature, have an exploitative traitConscientiousness is the only personality trait correlated with financial successSix Sigma (6σ) is a set of techniques and tools for process improvementConscientiousness is broken down to: organization, prudence, perfectionism, diligenceFree cash flow is defined as excess cash that exceeds your expensesLearn more about your ad choices. Visit megaphone.fm/adchoices

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The 3 Rules of Discipline Jul 16, 2019

Show notes

“Many people have intentions. Few people reach them.” - Tai Lopez(click to tweet) We all want the best possible version of life for ourselves. But often times, creating that life comes at a cost. We spend our nights and weekends, hustling on our side projects instead of spending time with our friends and family. If we’re not disciplined, these compromises can suffocate us. We lose sight of our initial goal, and start to dream of our past lives.That’s why on today’s episode of The Tai Lopez Show, we are breaking down the 3 rules of discipline, so that we can stay focused on the right things when our heads are down in the trenches. Tune in to this episode, so you know how to find the thread of discipline in what seems like the midst of chaos during times of hard work!Don’t forget! You can also listen to The Tai Lopez Show on Spotify! Click “Follow” and let me know what you think!“Can you stay calm during the storm? That’s emotional discipline.” - Tai Lopez(click to tweet)Points to Keep In MindThe 2 longest-lasting organizational structures in history are: family and the militaryThere are 3 areas of discipline: emotional, mental, and physicalResearch shows that 90% of business owners fail within 5 years“All of humanity's problems stem from man's inability to sit quietly in a room alone.” - Blaise PascalThe universe doesn’t care whether or not you have disciplineDownload the app Headspace to learn how to quiet your emotions Learn more about your ad choices. Visit megaphone.fm/adchoices

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The 7 Truths & Myths About Passive Income Jul 11, 2019

Show notes

Problems hiring? Go to ziprecruiter.com/taifor a smarter way to hire for FREE!Visit netsuite.com/tai to download your FREE guide, “Seven Key Strategies to Grow your Profits”Go to stamps.com, and click on the microphone at the top of the homepage and type in TAI—to get a 4-week trial plus free postage and a digital scale without any long-term commitment.“Don’t ever let people oversimplify.” - Tai Lopez(click to tweet)Most of us got a job the moment we turned 16. Little did we know that this would program us to believe that employment was the only way to make money. Go into work, do what’s told of you, and a deposit will land inside your checking account every 2 weeks. On today’s episode of The Tai Lopez Show, we are breaking down income from a passive vs. active perspective. By addressing the myths and truths, we can distinguish between the two, and prioritize what our next venture should look like. Tune in to this episode, so you know how to find the balance between passive and active sources of revenue!Don’t forget! You can also listen to The Tai Lopez Show on Spotify! Click “Follow” and let me know what you think!“I personally don’t want 100% passive income.” - Tai Lopez(click to tweet)Points to Keep In MindSemantics means how you define the word, passive depends on your definitionThe active/passive income conversation is a false dichotomyThe truth is somewhere in the middle, not in the extremesStart your own Home Sharing Management Company (HSMC) on AirbnbSeek out affiliate digital marketing as another passive income sourceDon’t get paralyzed by overthinkingYour brain’s amygdala stores your fear/memoriesRead Civilization and Its Discontents Learn more about your ad choices. Visit megaphone.fm/adchoices

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Why Your Website Needs The 5 W’s Jul 03, 2019

Show notes

Get a trial month of hims for just $5 today right now while supplies last. Go to forhims.com/taiVisit netsuite.com/tai to download your FREE guide, “Seven Key Strategies to Grow your Profits”Check out lightstream.com/tai to learn about your best loan ever.Go to lumen5.com/tai and you’ll get 50% off your first month. “It’s good to convey your authority, but it has to be authority that translates to how you can help the customer.” - Tai Lopez(click to tweet)Marketing is storytelling. And the core of storytelling is simplicity. Take Apple for example. If you visit their website, you will find they are driving you to one product. If you visit an Apple store, the directions are simple: browse. At each customer touchpoint of their business, they are delivering a simple message for you to understand and absorb. On today’s episode of The Tai Lopez Show, we are discussing the ins and outs of the storytelling required to effectively market. From how to design your website to what content you should be posting to your personal social media pages, this discussion has answers to all marketing questions. Tune in to apply these insights, so you can ensure a long and healthy career as a marketer!Don’t forget! You can also listen to The Tai Lopez Show on Spotify! Click “Follow” and let me know what you think!“Go into business in something where a large group of people wake up and say, “You know what’s the problem in my life? This.” - Tai Lopez(click to tweet)Points to Keep In MindScientific studies use babies to remove societal influence/bias from the experimentDon’t use stock photography in your marketing materialsLook at the Kardashians for influence on story and relatabilityPeople lie, but numbers don’t Use case studies on your website (ex: weight loss before/after photos)Answer the Who/What/Where/When/Why of your business on your websiteImplement urgency into your product messagingAnalyze minutes watched instead of views when interpreting your video contentConfucius said: “The man who chases two rabbits catches none.” Follow Jay Samit to learn about internet disruptionPosition the messaging to answer why the customer should careLearn more about your ad choices. Visit megaphone.fm/adchoices

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The 3 Secrets to Reading People Jun 28, 2019

Show notes

“Machiavellianism is when people pursue in an interpersonally exploitative strategy.” - Dr. David Buss(click to tweet)Growing a business requires working with other people.It’s a fundamental truth that we’re sometimes unwilling to accept. We might think locking ourselves in our office to fine-tune the product/service helps, but the reality is that the business is only as good as the connections you make with other people. That’s why on today’s episode of The Tai Lopez Show, we are joined by world-renowned evolutionary psychologist, Dr. David Buss, to discuss the fundamentals of being a human being. With this information, we can go out into the world and more effectively read the people we work with. Professor Buss is the author of The New Science of the Mind, and currently teaches at the University of Texas at Austin. He has previously taught at Harvard and the University of Michigan, and today he explains the mechanics behind human psychology.Don’t forget! You can also listen to The Tai Lopez Show on Spotify! Click “Follow” and let me know what you think!“We evolved in small groups, and all groups have status hierarchies. From an evolutionary perspective, reproductively relevant resources always accrue to those with the highest status.” - Dr. David Buss(click to tweet)Points to Keep In MindHost networking events at your house once a month and invite people you want to connect withBullying is a massive predictor for psychological problemsMachiavellianism is a trait in people who pursue in an interpersonally exploitative strategyThis can be masked in charismaNarcissism is a sense of entitlement and skewed value of others vs. value of themselves (welfare-tradeoff ratio)Agreeableness is flexibility, patience, gentleness, and forgivenessConscientiousness is diligence, prudence, organization, and perfectionHigh psychopathy scores are void of empathy and impermeable to learning how to improveEntrepreneurs score the worst on dark triad testsNarcissism is tied to creativity and intelligenceBiggest red flags in long-term mate: high neuroticism or low agreeablenessHigh psychopathy scores are incapable of being fixedResourcesRead The H Factor of Personality to learn how to categorize peopleUse Dark Triad Personality Test to find out how people score on machiavellianism, narcissism, and psychopathyNarcissism Personality Test to find out which how you score on: authority, self-sufficiency, superiority, exhibitionism, exploitativeness, vanity, entitlementRead the 25 Cognitive Biases to learn what elements of human psychology to integrate into your adsLearn more about your ad choices. Visit megaphone.fm/adchoices

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How to Stay in Ritz-Carltons For Free: The Top 3 Secrets to Building a Perfect 850 Credit Score Jun 21, 2019

Show notes

“A high utilization rate hurts your credit score as much as missing a payment.” - Stephen Liao(click to tweet) Go to netsuite.com/tai to download their FREE “Crushing the Five Barriers to Growth”Banks are willing to lend us credit cards. With these credit cards, our purchasing power increases. We are able to purchase the things we want, as long as we pay the bank back. But these credit card companies also incentivize us to purchase more with bonuses and gifts. So the question becomes: how can we use these free perks to pay off our credit cards?On today’s episode of The Tai Lopez Show, Stephen Liao teaches us how to sift through the world of credit card perks to be able to do just this. Stephen dropped out of Stanford to figure out the credit card game just a year ago, and today he has a credit-limit that exceeds $3 million spread across 220 different credit cards. If he’s not flying first-class, he’s on a private jet. And if he’s not staying at the Waldorf Astoria, he’s at the Ritz-Carlton. Tune in today to learn his secrets on building a good credit score!Don’t forget, you can listen to The Tai Lopez Show on Spotify! Click “Follow” and let me know what you think!“Essentially, it’s legal money laundering. You pay off your credit card with cash equivalence, get your sign up bonus, and then pocket the $150.” - Stephen Liao(click to tweet)Points to Keep In MindChecking your credit for your own personal use does not hurt your creditUse Credit Karma to check creditVantageScore is less accurate than FICO score850 is a perfect credit scoreTry to keep your credit card utilization under 9%Treat your credit limit as how much money you haveUtilization rate, payment history, and derogatory marks affect your credit scoreAge of credit history factors in: oldest account and average ageYou can’t help your age of credit historyTry to have an age of credit history over 9 yearsTry to have at least 21 lines of credit being reported Correlation does not imply causation when opening new credit cardsFor those under 18, get authorized on your parents/relatives’ cards to build rapport with banks Get Chase Freedom for first card$150 cash back for $500 spent5% money back (MB) for an intermediate credit cardYou need a credit score of at least 600 to receive credit card perksTry to get status with each card (ex: Delta’s status for travel allows you to upgrade to first-class for free)If you’re in debt, look into Citi Simplicity to balance-transfer your debt (also, Chase Slate and Bank Americard) Learn more about your ad choices. Visit megaphone.fm/adchoices

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