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The Tai Lopez Show

The 3 Rules Of Managing Your Emotions

The Tai Lopez Show

Tai Lopez

Business

4.86.9K Ratings

🗓️ 24 December 2018

⏱️ 24 minutes

🧾️ Download transcript

Summary

“You don’t need a college degree to understand social media.” - Tai Lopez (click to tweet) Go to netsuite.com/tai to download their FREE “Crushing the Five Barriers to Growth” We all want to make more money. But our emotions often get in the way of this goal. On the path of entrepreneurship, we are constantly greeted by the tsunami of human emotion. When we’re first getting started, the struggle for clients might cause depression and anxiety. And on the other end of the spectrum, when the workload becomes overwhelming, we can get anxious and stressed. Knowing how to sift through these complex emotions is the key to success. That’s why on today’s episode of The Tai Lopez Show, we are discussing how to manage our emotions. In the pursuit of profit, we can often become overwhelmed by stress, anxiety, and any other crippling feelings. Tune in to this episode to learn how to keep a level head during the toughest of times for the entrepreneur!   Don’t forget! You can also listen to The Tai Lopez Show on Spotify! Click “Follow” and let me know what you think! “There isn’t anything in your life that you spend money on that you don’t have an emotional connection with.” - Tai Lopez (click to tweet) Points to Keep In Mind Wealth moves around to those who are skilled Understand that the GDP has gone up every year for the last 100 years See what other people can’t see because of their skepticism Find mentors to bypass the often lengthy learning curve for a specific craft Get simplistic with the laws of supply and demand Emotionally differentiate yourself from the rest of the competition Master your emotions, especially fear, and then money will come to you Read Gary Keller’s The ONE Thing Learn more about your ad choices. Visit megaphone.fm/adchoices

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Transcript

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0:00.0

Life and even business is more about your ability to tap into your own emotions and control them and keep them in balance and check and also keep your consumers, your customers, the people given you money, keep connected to their emotions and people who do that well, win.

0:21.0

Just remember this, the less people who believe something can happen, the more opportunity for you, the more competitors, the less profit you'll make.

0:28.0

That's why when people say, oh, hi, all this stuff I see you posting looks like a scam, like you have courses and things and are people actually making money because I see you saying this person made 50 grand a month and 20 grand a month and all that seems like paid actors. I'm happy you should be happy too.

0:44.0

Less competitors, less suppliers, the more profit for you. Supply and demand. You don't need to cause a degree, you don't need to MBA to figure out supply and demand.

0:53.0

And the demands there, you know how many business owners want somebody to run their social media market for them? Almost all business owners. Coca-Cola, they don't even know how to run their own Instagram.

1:04.0

They got less followers than me, biggest brand in the world. They post once a week. They don't, they spend a billion dollars on marketing and they forget about social media. That's an opportunity for you. Maybe don't go after Coca-Cola as your biggest client or your first client, I should say.

1:20.0

But sky's the limit. You might get a client like that one day, that page will million bucks to do their social media market e-commerce I've been telling people about.

1:31.0

I mean, Black Friday had the biggest sales day online ever. Everything's going bankrupt. That stores, Sears is going bankrupt. American apparel went bankrupt.

1:40.0

DC Penny will be gone. Walmart's on the decline. Amazon's up. So the less people who believe what we're talking about. Would you and I understand? Be excited. I always tell people once in good conscious. I say listen.

1:54.0

Here's an opportunity for you. And then if they shout back, oh, I don't believe you prove it to me. I'm like, why would I prove it to you? Why would I create a competitor who has animosity and nothing but venom?

2:04.0

I'm happy for you to stay in the status quo, my friend. Stay with what you're doing. Build your open your little store. You know, brick and mortar store. In good conscious, I can say, I told people they didn't listen. Real estate, bigger opportunities than ever.

2:19.0

And there's going to be a recession here relatively soon. You can count on it. Capitalistic cycles go five to 10 years. Last one was 2008. It's coming right around the corner. Real estate will shift hands. I was listening to Jim Roan and Jim Roan goes,

2:34.0

he's a motivational speaker who died a long time ago, but amazing. If you want to hear something bad, ask us into Jim Roan's. He has a four hour YouTube video before he died. And he says, all the money in the world was spread out like a communist wanted to do evenly.

2:50.0

It go right back into the hands over 10 years. It go right back to the people who know how to manage it.

2:56.0

Wealth moves around to those with skill, to those with acumen, to those with diligence, to those who think, to those who work hard and smart. And so when the recession comes, people still need a place to live. They still need a home.

3:13.0

You think that's going to go away and people want to stop needing real estate? No. But it's going to shift and you could be one of those people who starts owning your whole block. You know, you could be the landlord.

3:24.0

And you can be a nice landlord. You don't have to exploit people. You can provide good housing and profit for yourself. And a good deal for them. You don't have to be exploitative. That's not what this is about. There's plenty of money to go around. People will tell you there isn't.

3:40.0

But they don't understand that GDP has gone up every single year for the last hundred years. The amount of money per person has gone up. I'm not saying the world's perfect. No.

3:48.0

The least exciting part of planet earth is the amount of opportunity there is versus the amount of people who know how to take it.

3:59.0

And in order to take it, I'm going to tell you three things you got to know to take the upcoming opportunities, the disrupted industries, e-commerce, social media, real estate, and you to profit by it and you to make a job out of it and a career and an income out of it.

4:14.0

You're going to need three things. One, you're going to have to be able to see what other people can't see when other people are skeptical. You got to Jeff Bezos got on the e-commerce training 2004.

4:24.0

It's one of the first people ever. And look, he was rewarded being the wealthiest person in the world. Same with Steve Jobs with computers. They all laughed at him. But that means there's no competitors and he just went in there. That's number one. You got to have that vision and that thick skin.

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