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The Tai Lopez Show

The Rule of 10: The Steady Path to Wealth

The Tai Lopez Show

Tai Lopez

Business

4.86.9K Ratings

🗓️ 16 September 2017

⏱️ 5 minutes

🧾️ Download transcript

Summary

If you try to make too much money too quickly, you probably won’t know what you’re doing, and could easily lose it all. That’s why I recommend a special strategy when it comes to increasing your income, to make sure you’re always headed in the right direction, but in a way that is safe for your future.Learn more about your ad choices. Visit megaphone.fm/adchoices

See omnystudio.com/listener for privacy information.

Transcript

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0:00.0

Then I figured out how to make 100,000 a month and I figured out how to make a million.

0:03.4

So it's been in those stages, you know, you don't just start out making a million about this.

0:16.8

With me, it's, I've never, some people trying to get rich super fast.

0:21.0

I've always been a fan of doing a slower with less risk.

0:23.9

So it took me a little while, you know, but I always made sure my income went up every year.

0:30.1

So when I, it took me probably, I spent seven years learning from mentors.

0:35.6

That's the first thing. Not trying to make any money. I launched businesses with them,

0:39.2

but they weren't, the goal was in to make a lot of money.

0:41.6

My first business when I was in 19, it was in the food business, farm business,

0:45.8

and I made $12,000 in a year profit.

0:50.6

So I thought that was, you know, I was like, that was decent, but I kept learning.

0:56.1

After I was done learning from mentors, apprenticing, interning all that,

1:00.4

that was about seven years, then it took me about, didn't take too long to get to six figures.

1:05.6

Probably took a year or so. I'll show you one thing here. Can you make a new page?

1:12.5

Yeah. I call this the rule of 10. This is what I follow. So this is the long answer to your question.

1:18.6

The rule of 10 is what I kind of followed this, but nobody told me this.

1:24.1

People are laughing at your ability to fold it over gate.

1:28.1

Cates, because it's really sticky, it's weird.

1:34.1

All right. So rule of 10 is try to make a hundred bucks a month from a business.

1:41.6

So 100, and then the second you're able to do that for three months in a row,

1:46.8

then you just go up by 10 times. So I went, so that's 100 a month,

1:51.6

dollars, or whatever country you're in, if you're in Europe, you're rose.

...

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