The Tai Lopez Show

“See life as an adventure, rather than an accomplishment” - Tai Lopez(click to tweet)This week, we had powerhouse guests on, talking about the practical things you need to know to be successful in business and life in general.On this best of the week episode, we’re talking about how to become a faster reader, how languages help you and how to learn them faster, why it’s better to view life as an adventure rather than a list of accomplishments, why you should set your identity as a lifelong learner, and how to choose the best business to go into online and then be successful in it.Learn all of the above, plus so much more, on today’s episode of The Tai Lopez Show!Don’t forget, you can listen to The Tai Lopez Show on Spotify! Click “Follow” and let me know what you think!“It’s better to be rich than to be right” - Tai Lopez(click to tweet)Points to Keep In MindScan at least 3 words at a time, to read faster with better comprehensionUse a pacer when reading, and set the pace for your eyes to followYou will make more money if you know more languagesIf you have children, one of the best gifts you can give them is an education in different languages while they’re youngTotal immersion, without all of the rules, etc, is the best way to learn a languageTo learn something, it has to feel importantSee life as an adventure, rather than an accomplishmentYour goal is not always to be right, your goal is to figure out what is right no matter what it isIt’s exhausting to work on something that you’re not passionate aboutA business partner is like a marriage, so you need to very carefully vet anyone you are considering bringing on as a partnerIt’s better to be rich than to be rightApproach life with the idea that you can learn to do anythingMentors are essential. Learn from them instead of trying to reinvent the wheelWorking hard is only 25% of the formulaTools are essential to the process of making money onlineTeaching people how to do things, and how to make money doing those things, is one of the easiest and fastest ways to start making money onlineA lot of people take for granted what they do for their job, when there are actually more ways to make money with it than you may be thinking ofIf there are no competitors for your business, it might be because there is no demand for itA lot of times, it’s a good idea to choose a market where there are competitors, but you know what differentiates youSee omnystudio.com/listener for privacy information.

“Always stay intellectually curious” - Naveen Jain(click to tweet)The saying goes, “you can lead a horse to water, but you can’t make it drink,” to demonstrate that if someone doesn’t want or is unwilling to do something for themselves that would be good for them, there is little you can do. But if you focus your efforts instead on how you make the horse thirsty, you’ve solved the problem.This thirst is what Naveen Jain says anyone who wants to be successful needs to cultivate. It is intellectual curiosity, and a desire to constantly learn, and it is what separates the greats, those who are super successful, from the rest.If you want to be successful, you need to cultivate inside yourself this desire to learn. Find out how billionaire Naveen Jain learns every day, on this episode of The Tai Lopez Show!Don’t forget, you can listen to The Tai Lopez Show on Spotify! Click “Follow” and let me know what you think!“As an entrepreneur, your jobs is not to focus on where the world is now, but where you want it to be” - Naveen Jain(click to tweet)Points to Keep In MindGoogle everythingAlways stay intellectually curiousLearn based on the future more than the presentAs an entrepreneur, your jobs is not to focus on where the world is now, but where you want it to beInstead of leading someone to water or making them drink, consider instead what would happen if you just made them thirstyIntellectual curiosity is that thirstEvery time you read something, it’s like connecting a dot, and sometimes you don’t see the picture until the last dotThink of the life of an entrepreneur as a heartbeat: When it’s smooth, you’re deadThe only time you fail in life is when you give upSee omnystudio.com/listener for privacy information.

“Beauty can function somewhat like an irrationally exuberant market bubble” - Richard Prum(click to tweet)The evolutionary view of beauty has traditionally been that humans evolved a sense of what was beautiful based on practically. We’re often taught that things like the waist to hip ratio are a long-ingrained sign of fertility to men, which is why we find them attractive.My guest today, Richard Prum, has a different view. He says that beauty can be viewed more as an “irrationally exuberant financial market bubble.” In other words, it’s not so cut and dry, and natural selection has led each of us, within our own cultures, to develop a sense of what we consider attractive, not dependent on the practicality of evolutionary considerations.What do you think? Let me know! Leave a rating and review in iTunes, and tell me your thoughts in the review!Don’t forget, you can listen to The Tai Lopez Show on Spotify! Click “Follow” and let me know what you think!“Beauty is a social contrivance. It’s invented by us” - Richard Prum(click to tweet)Points to Keep In MindCertain aspects of science seem to be completely unexplainableBeauty can function somewhat like an irrationally exuberant market bubbleBeauty is a social contrivance. It’s invented by usHumans are evolved to be satisfied, and to find satisfying relationshipsThe evolutionary idea of beauty being practical neglects some of the concepts of natural selection in the human animalIn society, it could be argued that it is actually women who are defining the idea of beauty more than menThe idea of machismo and dominance as the core of attraction is deeply flawed and a cause of unhappinessGet in touch with the idea of what it means to be really caring for your partnerHuman diversity is a result of the diversity of mate-choice, therefore standards of beauty can be far different across culturesThe men who are most attractive tend to be socially attentiveSee omnystudio.com/listener for privacy information.

“The true definition of “luck” in this modern age is learning early” - Tai Lopez(click to tweet)To determine the financial value potential of something right now, there is a simple formula: Future value = present value of future revenue. This is the formula that you can use when examining business ideas and opportunities, when looking into investments, and all other areas of financial potential.Today, I am talking about that formula, as well as why apartments are one of the lower risk real estate opportunities, the 2 ways you make money, how to monetize a brand beyond normal operations, why life is like poker, 3 ways to start a side hustle, why haters hate, why mindset is the main thing holding people back, and what the butterfly effect means for the importance of the little decisions you make everyday.Don’t forget, you can listen to The Tai Lopez Show on Spotify! Click “Follow” and let me know what you think!“Think about life like poker: You don’t have to win every hand, just don’t go all in when you have a bad hand” -Tai Lopez(click to tweet)Points to Keep In MindIn the long term, something is worth: Present value of future revenueAsk yourself: How much would you pay today to have a future revenue?Apartments allow you to diversify your future revenue2 ways you make money in anything:Capital appreciationCashflowIf you build a brand that is recognizable and has good connotations with it, you can make money through licensing deals without actually running the businessThe true definition of “luck” in this modern age is learning earlyThink about life like poker: You don’t have to win every hand, just don’t go all in when you have a bad hand3 ways to start your side hustle:Look at the skills you already have instead of trying to get new skillsDon’t just have an idea. Go from idea to offerLaunch before you think you’re readyA lot of ideas cannot be validated until you actually do themAt the end of the day, we’re all going to the grave at around the same pace, but some people go their with a more happy life than othersHaters are usually just projecting their own insecurities on othersToo many people want to remove all insecurity from life, but that is simply not possibleLife goes through the process of seasons, so expect the changesYou have to be 100% convinced and sold on your own product to be good at salesMindset is the main thing holding most people backJust as a butterfly flapping its wings can start a hurricane, very small bad decisions in your life can lead to terrible consequences down the roadLikewise, small intelligent decisions can help you in incredible ways down the roadYou must structure fun and entertainment in your life to stay motivated in the long runSee omnystudio.com/listener for privacy information.

Discover how to crush procrastination by understanding the risk/reward bias in your brain. Tangible goals can significantly boost your motivation. By focusing on the rewards rather than the pain of hard work, you'll shift your perception and tackle challenges head-on. Learn visualization techniques used by successful individuals to stay on track. Keep your eyes on the prize, and transform your approach to work to create the life of your dreams!

“Spend at least a couple hours per day really thinking through what you’re doing in your life” - Tai Lopez(click to tweet)Unintended consequences often negate the good that a regulation or ruling in government is trying to do. In fact, often the problem that was supposed to be solved is simply magnified through the unintended consequences, and the same thing can be true for your life.That is why I believe that entrepreneurs, and really everyone else as well, need to learn game theory, to understand the various ways in which their decisions will affect other people’s decisions, thereby potentially changing the outcome, and sometimes reversing the good you were trying to do with the decision in the first place.Listen to this episode to learn more about game theory and how it can apply to the decisions you make.Also, make sure to checkout the new Tai Lopez Flash Briefing on Alexa!“In the modern world, you need to be careful not to be overstimulated” - Tai Lopez(click to tweet)Points to Keep In MindA lot of regulations have unintended side effects that must be consideredFor every action, there is an equal and opposite reactionHumans have a desire to simplify complex topic to understand them, with the result often being that the wrong conclusion is reachedMother nature always laughs lastEntrepreneurs need to understand game theoryAlways consider how your actions will be perceived by others, not just the immediate impactThe current education system encourages students to pump information into their brain and then dump it out once they finish the testIn the modern world, you need to be careful not to be overstimulatedSpend at least a couple hours per day really thinking through what you’re doing in your lifeThe human body is built to do HIIT: High Intensity Interval TrainingIt’s always better to sell to the willingSee omnystudio.com/listener for privacy information.

“Diversify who you learn from” - Tai Lopez(click to tweet)No matter how important you think that networking is, you’re probably underestimating the real value of it. It’s so valuable that you almost can not place enough importance on it. But the way that you network is incredibly important. There is a right way and a wrong way, and on today’s episode I’m telling you what the right way is so that you get the most out of this essential aspect of business.First of call, don’t worry about email, get phone numbers whenever you can, so that you can text with people. In 2017, texting is where the attention is, and so that is where you should be too.Listen to the rest of this episode to get all 7 steps to becoming a better business networker.“A certain minimum amount of extroversion will make you happier” - Tai Lopez(click to tweet)Points to Keep In MindIt’s not what you know, it’s who you knowA certain minimum amount of extroversion will make you happierIf you isolate yourself too much, you will not be as happy as you could beIf you want to make money, you’re going to have to network even if you’re an introvertDiversify who you learn fromAlways hire people who have skills that you can’t teachOrganisms that only learn through trial and error tend to die outAnyone who is hard to talk to is probably not worth talking toThink of yourself as a goldminer, going through life looking for the nuggets of truth you can find from anyoneThe 7-Steps to Better Business NetworkingRealize that you are underestimating the power of business networkingIf you are not good at networking, attach yourself to someone who is good at itGet phone numbers instead of emailsDon’t be crazy about follow upsFollow the reciprocation rule: Speak their language, respect the way that they communicate, and follow those general rulesLeave them hungry for more of you. Don’t be afraid to let them be the last person who texted youGo to places that are somewhat unexpected for who you are and what you do. Try to cross-pollinate. Focus less on what the event is, but more on how sharp the people areSee omnystudio.com/listener for privacy information.

“We are sponges. Find a mentor and get inspired by hanging around that person.” - Tai Lopez(click to tweet)A productive daily routine is difficult to achieve.We all wake up in the morning, check our phones, and then go about our days doing the best we can. But then we finish our day and go to bed thinking: was that really the best I could do? Your daily life should be composed of tasks dedicated to either maintaining the life you’re living or trying to improve your life for some future date. If you’re disappointed with your daily routine, it’s because you aren’t attending to this rule. And if you believe you are, some trait is preventing you from seeing the picture clearly.On today’s episode of The Tai Lopez Show, we are taking a close look at productivity. How can you squeeze the most juice out of your day? The first step is to be honest with yourself. Self-deception will disguise laziness as procrastination or stubbornness as ‘your opinion.’ So, before listening to this podcast, take a second to check your ego at the door and get ready to make the changes required to take your daily routine to the next level.Don’t forget! You can also listen to The Tai Lopez Show on Spotify! Click “Follow” and let me know what you think!“We are born with animal brains. We only care about the now, and we are bad at planning for the future. The school system does not teach us how to rewire this. So now it’s your responsibility.” - Tai Lopez(click to tweet)Points to Keep In MindStudies show using analog is more effective than digital, so use notepads to write down tasks, to-do’s, and ideas and use apps like Evernote to take pictures/back upBe methodical; K.I.S.S. - Keep It Short and SimpleGet a PC with ergonomic keyboard and mouse; Macbooks are not made for productivityPay attention to how you spend your time at workRecognize the greats and take notes of what they do to get to their levelAll problems are rooted in stubbornness: sensitivity, sensual, stupidity, and self-importancePrevent injuries; Lebron James spends $1 million/year on his body; spend the $10 on a mousepad that prevents carpal tunnel syndromeSpecify what message you are replying to in messaging tools like WhatsApp or iMessageConscientiousness is most important, defined as a combination of organization, diligence, prudence, and perfectionismSpend 30 minutes to 1 hour organizing your dayHack your reward system by rewarding yourself for accomplished tasksYou can’t enable progress without creating monotonous maintenance routinesAsk yourself what are your bad brain habits and then figure out how to rewire themParents love you because they see themselves/their DNA in youIn the morning, a) look at the big picture/scan your emails, b) then methodically go through your emails, c) write down a priority listAnd at the end of the day, a) figure out what you’re doing wrong, and b) write down a short hypothesis on how to fix thatFind a mentor and get inspired by hanging around that personNo good habits are formed from people being nice to youPowerful people take power naps, set a timer for 18 minutesSee omnystudio.com/listener for privacy information.

“You don’t necessarily want to start with your best idea, because it will be your worst execution. Just start something!” - Tai Lopez(click to tweet)David Mills has made $40 million off of his internet business, and currently makes $11,000 in pure profit per day online, so today I am talking with him about how exactly he was able to accomplish all of that, so that you can learn from it and achieve those same kinds of results in your own business.A lot of today’s episode is about SEO, which stands for Search Engine Optimization, and is absolutely essential if you want to generate organic traffic from Google. If you master SEO, you will always have free traffic to your business, which means you will not need to spend as much on paid traffic, which is how you can increase your profit margin.Learn on this and more, on today’s episode of The Tai Lopez Show!Don’t forget, you can listen to The Tai Lopez Show on Spotify! Click “Follow” and let me know what you think!“Only about 1% of entrepreneurs understand how important organic traffic is” - Tai Lopez(click to tweet)Points to Keep In MindEven if your website is terrible, find a way to go through the full process of getting it up, so you know how to do itYour first attempt will always be the worstYou don’t necessarily want to start with your best idea, because it will be your worst execution. Just start something!Only about 1% of entrepreneurs understand how important organic traffic isOne of the best places to hide a dead body is on page 2 of Google. You have to be on page 1Whatever you are selling, try to buy a domain name that matches a few of the words people will be typing inYou need to get links to your website from other websites around the content of your websiteReach out to the top 20 websites, and offer to swap interviews with themPractice reading with something that is making you read faster and fasterWhen you’re practicing something, you have to let go of being a master of itIt’s been proven over and over again that you will make more money if you know more than one languageLearning language needs to be conversational, and full immersion is the bestYour brain can learn an incredible amount, but you have to show your brain subconsciously that it is importantTo make money online, sell a simple product that you use everyday, and you know how to improveYou don’t have to be intimidated by SEOSee omnystudio.com/listener for privacy information.

“Start marketing by giving away things for free” - Travis Rosser(click to tweet)Business ideas are everywhere, if you know where to look for them. Today, we’re talking through some business ideas that can get you up and earning money online fast.The key is to take either your profession or your passion, educate people around it, build an online course, ideally include a business component to it (like how to earn money doing whatever you are teaching), and then sell and host it through a platform like Kajabi.Using this formula, you can get setup earning passive income fast. Get all the details on today’s episode of The Tai Lopez Show!Don’t forget, you can listen to The Tai Lopez Show on Spotify! Click “Follow” and let me know what you think!“Most people will not be paying customers, so the top of your funnel needs to be wide” - Tai Lopez(click to tweet)Points to Keep In MindYou can turn your profession or your passion into a businessTo market, just get out into the world and be yourself!If people think they know you, they will buy from youStart marketing by giving away things for freeMost people will not be paying customers, so the top of your funnel needs to be wideIdeally, you want to be in a space where there is some demand, but you can also create a monopolistic effectSee omnystudio.com/listener for privacy information.