#613 - How Would You Spend $1 Million?
The Tai Lopez Show
Tai Lopez
4.8 • 6.9K Ratings
🗓️ 1 September 2022
⏱️ 15 minutes
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Summary
"Learn from mistakes but they don't have to be your mistakes."
On this show Tai talks about one of the best things you can do with $1 million dollars. They should have taught this to people who won the lottery and lost it all.
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Transcript
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| 0:00.0 | How would you spend a million dollars? You win the lottery, you launch a new business. |
| 0:05.0 | Let's talk. I'm doing a quick speak easy podcast episode and I start doing these fairly often just to give you something to listen to |
| 0:15.1 | talking about daily routine talking about e-commerce business how to buy your |
| 0:19.4 | first business how to invest your money this is part of a series here so I want people to understand |
| 0:28.3 | you know that the game of life is mostly about your daily routine and your habits. |
| 0:36.4 | So this question is one that I get a lot, you know, how would you spend a million bucks? |
| 0:41.0 | You win the lottery, you sell your company. Something big happens in your life, |
| 0:46.0 | what would you do? So I think the first question here is a how'd you get the money because I'll tell you this people spend their |
| 0:58.1 | money a lot differently depending how they got it you can tell how much money somebody's made from business versus handed to them by family or |
| 1:08.5 | some lucky event, literally by how they spend their money. |
| 1:13.0 | Now, I'll say this, you see a lot of stuff on Instagram where people are like, |
| 1:17.0 | you know, here's a billionaire and he never wears a gold watch or has a luxury car. |
| 1:23.4 | I mean, somewhat forget that conversation. |
| 1:26.5 | People, life goes on a curve, right? |
| 1:31.4 | So if you were broke, then you make money, you're going to probably spend it on some fun stuff, some luxury stuff, some stupid stuff. There's nothing wrong with that. Obviously when you become a billionaire the reason you're not wearing you know Gucci or a Rolex is because you've already done it before |
| 1:50.0 | Right, so you've like been there done that. I've kind of gone through that phase in my life work you know was broke didn't have anything made money |
| 1:59.0 | Bought some fun stuff and then you know you kind of come full circle. So don't beat yourself. People make way too much. It's like a good |
| 2:07.3 | Instagram viral post, but it's somewhat a pointless conversation. What's actually an important conversation is like, can you actually turn money into more money and how much of the money you make should you actually redeploy as investments, right? |
| 2:23.9 | So let's put in the comments, how would you spend a million bucks? |
| 2:28.6 | Today you wake up, there's a glitch in the matrix, |
| 2:31.6 | there's a million dollars in your bank account. |
| 2:34.0 | What's the first three things you do? And let's say let's put it let's make it a game a little bit more fun. |
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