The Truth About Making Your First Million: 8 Rules Of The Jungle

The Tai Lopez Show

Tai Lopez

Business

4.8 • 6.9K Ratings

🗓️ 1 April 2019

⏱️ 85 minutes

🔗️ Recording | iTunes | RSS

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Summary

“You better not just be happy with a 9-to-5 job.” - Tai Lopez(click to tweet)Go to netsuite.com/tai to download their FREE “Crushing the Five Barriers to Growth”Problems hiring? Go to ziprecruiter.com/tai for a smarter way to hire for FREE!The jungle isn’t for everybody. But for those of us not fulfilled at our 9-to-5, we may be feeling the urge to bite off a new challenge. This is where it can get tricky if we’re not careful. Our gut tells us to leave, that our full potential will never be reached if we don’t take the leap of faith, yet we don’t know the exact territory we’re walking into. That’s why on today’s episode of The Tai Lopez Show, we are discussing the 8 rules of the jungle. When we pursue our entrepreneurial dreams, we must do our due diligence to have the best chance at success. Tune in to this episode to learn the intricacies of the jungle, so you know what to expect when you decide to pursue your passion with full force!Don’t forget! You can also listen to The Tai Lopez Show on Spotify! Click “Follow” and let me know what you think!“The best time management is spending the majority of the day on things you’re naturally good at.” - Tai Lopez(click to tweet)Points to Keep In MindWarren Buffet says the most correlated factor to making your first million dollars is the age in which you startThe #1 reason why people give up on making their first million is an expectation of it being easyYour first business should be service-based where you sell your time (dog-walking, personal training, etc.)Today, you should start Internet-based businesses (social media marketing, home-sharing, e-commerce, etc.)As you rise in wealth, prepare for betrayal by developing thick skin“A nation is born stoic, and dies epicurean.” - Will DurantRead Managing Oneself by Peter Drucker to learn about time managementRead Quiet: The Power of Introverts in a World That Can't Stop TalkingBe sure you’re only working hard once you figure out what works for youExperiment with at least 12 different business ideas before settling on oneThere are 4 M’s to motivation: money/materialism, mating/love, movement/freedom, mastery/statusStart with reading every day to develop repetitive skills Learn more about your ad choices. Visit megaphone.fm/adchoices

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Transcript

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0:00.0	Time management is one of the essential criteria that people don't really get.
0:04.8	I mean, they kind of get it. They ask me about daily routine, but the real thing is like,
0:10.0	how do I market this idea, or how do I build this app, or how do I raise a million dollars
0:14.4	from Kickstarter or a venture capitalist that I'm going, yeah, but how's your time management
0:18.9	right now? Because most people's time management sucks.
0:24.8	So what's the truth about making your first million dollars?
0:28.7	I'm going to give you eight rules of the jungle. I call it the jungle.
0:33.0	I'm down here on my treadmill desk in the basement, and people have been asking me to do these old
0:38.4	talks where I just get in front of a camera and just talk for a long time. No flash, no pizazz,
0:43.2	no lifestyle stuff, no cars, just straight talk. This is basically, I did a tweet today,
0:50.8	what I wish I had done, and they had taught me in school. But more importantly, I said,
0:56.2	if I had control of my life, what would have done differently? I'm going to tell you,
1:02.3	this is unrelated to what I'm about to say, but it's kind of a forward to what I'm about to say.
1:08.3	Okay, and that is number one, I would have started a business before age 12 with the encouragement
1:16.0	of all the people supposedly around me, school teachers, blah, blah, blah, the elders, you know,
1:21.6	parents, everything. Number two, I would have traveled as much as I could going, you know,
1:28.8	of course, with a parent, but travel. This is, by the way, instead of school as we know it. Okay,
1:34.8	that's number two. Number three, I would have learned a master to musical instrument. Okay,
1:42.6	number four, I would have gotten a Brazilian Jiu-Jitsu black belt or MMA, some kind of thing like that.
1:53.2	What was number five? Let me just look here. Like I said, it's a little forward.
1:59.3	Oh, I was learning four languages fluently. Basically, the school system is garbage. Okay,
2:06.6	people got mad when I say that, but I'm a call spade, it's paid. Now, I didn't have control of my life,
	...

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