The Tai Lopez Show

The #1 Mistake in Business: How You Can Avoid It

“Reciprocal altruism means if you scratch my back, I’ll scratch yours.” - Tai Lopez

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Mistakes are unavoidable. 

Especially in business, there will be times when hindsight crystallizes and the doubts of why you negotiated that way or sold at this price rise to the surface. It’s easy in these moments to lose sight of the big picture. However, when we gather perspective, we can begin to assess what is and isn’t a mistake. 

On today’s episode of The Tai Lopez Show, we are diving deep into the #1 mistake in business—that which comes when selecting the wrong business partner. By wrapping our heads around this tendency of entrepreneurs, we can do our best to avoid the trap that many of us can fall victim to. 

Tune in to today’s episode to learn what to look out for, so you can make sure you’re only partnering with the best!

Don’t forget! You can also listen to The Tai Lopez Show on Spotify! Click “Follow” and let me know what you think!

 

“If your goal is to make $1,000,000 because that’s what you’ve calculated is required to retire on—that’s not greed. That’s goal-setting. That’s logic.” - Tai Lopez

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Points to Keep In Mind

  • “For what profits a man if he gains the whole world but loses his own soul.”
  • On a neurological level, narcissism is a lack of brain matter in certain areas
  • The number 1 mistake people make in business is selecting the wrong business partner
  • Seek out sales jobs (60% of billionaires started in sales)
  • Find balance, rather than jumping to the extreme ideologies
  • You can only learn business by being in the trenches
  • If hesitant about college, start by taking just one class at a time
  • Distill the law of attraction by taking action towards who you want to attract 
Direct download: TLS_-_8-27-19.mp3
Category:general -- posted at: 2:57pm PST

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“Common sense is no longer common.” - Tai Lopez

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There’s reason to sit in front of the computer all day. 

With our projects calling for our attention, we may think that the more hours we spend in front of a computer screen, the better. However, if we can allocate just 20 minutes a day to removing ourselves from the digital traps, we can start to open up our eyes to better, and more nuanced ideas. 

On today’s episode of The Tai Lopez Show, we are discussing the importance of moving our bodies. In business, having a clear view of reality is one of the top predictors of success, and if we spend too much time cooped up in front of electronics, we may be running the risk of fogging our vision. 

Tune in to today’s episode to learn these fundamentals, so you can start to draw up your most creative business ideas!

 

Don’t forget! You can also listen to The Tai Lopez Show on Spotify! Click “Follow” and let me know what you think!

 

“The world is very hectic. Most people aren’t thinking about anything.” - Tai Lopez

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Points to Keep In Mind

  • Walk 20 minutes/day to encourage creativity in new idea-generation
  • Make time to step outside of your life to analyze what you’re doing right/wrong
  • Once you understand variance, the world starts to make sense
  • Read Civilization and Its Discontents by Sigmund Freud
  • At the core, people seek pleasure and avoid pain
  • Most pain comes from people 
  • Research shows that dating sites attract more promiscuous people
  • Behavior is a combination of genetics and nurture/environmental factors
Direct download: TLS_8-21-19.mp3
Category:general -- posted at: 11:44am PST

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“People love people that subconsciously remind them of themselves. Narcissists love narcissists.” - Tai Lopez

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Change is difficult. 

In our businesses, in our relationships, whatever the area of our life is that we’re seeking change in, it is a challenge. To initiate the shift, we have to of course look outward and examine the externalities of our lives. But the real momentum change comes when we look inward and assess ourselves. 

On today’s episode of The Tai Lopez Show, we are discussing The 67 Steps. When we take personality tests, we can pinpoint what areas of ourselves need to be addressed. This helps us determine a course of action when trying to create the optimal health, wealth, love, and happiness.

Listen to this episode to learn about key personality traits, so you can better understand the people around you!

Don’t forget! You can also listen to The Tai Lopez Show on Spotify! Click “Follow” and let me know what you think!

“If you go to entrepreneur conferences and walk into a room with 500 entrepreneurs, you are now in a room of 500 insane people.” - Tai Lopez

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Points to Keep In Mind

  • The 6 attributes of narcissism: authority, self-sufficiency, superiority, exhibitionism, exploitativeness, vanity, entitlement 
  • Read The H Factor of Personality to learn how to categorize people
  • Most narcissists don’t see themselves as narcissists
  • Extroverts like new things; introverts like routines
  • Machiavellianism is sneaky, two-faced, manipulative; linked to being bullied as a child
  • Characterized as people who pursue in an interpersonally exploitative strategy
  • Higher narcissism means higher extroversion and creativity
  • Childhood bullying is tied to higher levels of machiavellianism
  • Narcissism leads to higher levels of stress
  • Scientists say it takes the average person 67 days to break a habit
  • Conscientiousness is diligence, prudence, organization, and perfection
  • Scientists laugh at the Myers-Briggs test
  • We celebrate people with mental problems in the modern world
  • Men are more psychopathic than women
Direct download: TLS_-_8-12-19.mp3
Category:general -- posted at: 2:00am PST

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“You don’t want to be surrounded by ‘yes-men.’ You want to be surrounded by people who are going to say, “Hey Boss, I have a better way.” - Jocko Willink

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Everybody has goals they want to accomplish. 

But very few are making the daily steps to make it happen. Too often in life we get caught up in the winds of obligation and commitment, and we leave our bigger dreams by the wayside. To combat this tendency, we must learn the keys to productivity. 

That’s why on today’s episode of The Tai Lopez Show, we are joined by Navy SEAL Jocko Willink to discuss productivity. Jocko is the author of 3 New York Times Bestsellers, most notably Extreme Ownership: How U.S. Navy SEALs Lead and Win. Willink’s insights spread across multiple domains: from discipline to foreign policy, all the way to how to run a business. Tune in to hear his insights, so you can learn how to do the most with your given schedule. 

Don’t forget! You can also listen to The Tai Lopez Show on Spotify! Click “Follow” and let me know what you think!

“I wake up at 4:30. That’s a really good root of personal discipline. When you make the decision to not snuggle back with your pillow, you will feel better.” - Jocko Willink

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Points to Keep In Mind

  • It something doesn’t make sense, put a stop to it
  • If you struggle with discipline, seek out martial arts to train yourself
  • Under Saddam Hussein, Afghanistan civilians were being tortured 
  • In the initial phases of the Iraq War, American troops fought alongside Iraqi soldiers
  • The problem on the battlefield is that there is not enough decentralized command
  • Most of the door-to-door fighting has been done by Iraqi soldiers
    • ISIS has gone from 70,000 to just over 1,000
  • Personal discipline will set you free by making you feel good in the long-run. 
    • Thus, you won’t make choices that try to make you feel good in the short-term
  • Napoleon said if you execute a plan that you know is wrong, you’re culpable
  • Life is part art (the human gut instinct) and part science (the metrics)
  • Once you’re no longer afraid to die, then you will just care about the people around you
  • Contrary to popular belief, the military doesn’t stifle creativity
  • Subjects in school should be taught together, as the interwoven story they are
  • There’s people who aren’t more anti-war than those who serve
  • Quick wars are good wars and heavily influenced by level of preparation



Direct download: TLS_8-6-19_Jocko.mp3
Category:general -- posted at: 4:08pm PST

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“The thing about smart people is they always sound crazy to dumb people.” - Tai Lopez

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The most curious businessman is the one who makes the most money.

When navigating the waters of business, one must simultaneously know where to swim but also be open to new paths. This balancing act can be challenging; our eyes open for the next big thing but our feet making forward progress with our current endeavors.

On today’s episode of The Tai Lopez Show, we are discussing how to open the gates of curiosity by becoming the ultimate mad scientist. If we can adopt this mindset, the world becomes our oyster, and we’re able to see opportunity where we previously thought there was none.

This episode is taken from a speech I gave at Alex Becker’s 10 Pillars of Wealth. Visit his website here

Listen to this episode to learn the insider secrets, so you can create wealth from the property you live in.

Don’t forget! You can also listen to The Tai Lopez Show on Spotify! Click “Follow” and let me know what you think!

“I don’t fear other people. I only fear a shitty life.” - Tai Lopez

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Points to Keep In Mind
  • “You get paid in direct proportion to the difficulty of problems you solve." - Elon Musk
  • Understand that recreation is overrated
  • Social media is a truth-teller
  • Hire people who have energy, integrity, innovation, learning ability, adaptability, and humility
  • Read The Secret Language of Money, Managing Oneself, and The Happiness Hypothesis.
  • Emotional people are fear-based and action-oriented people rely on pride, so adjust your approach accordingly
  • If you want financial advice, don’t talk to the person who wrote the Wall Street Journal article; talk to the person who owns the Wall Street Journal
  • Write out what you want your eulogy to be and pursue that life
  • Shrinking the problem allows you to see the problem
  • Pull your information from disparate sources to forge an evenly balanced point-of-view
  • Understand the four Ps of marketing: product, price, place and promotion
  • Test the viability of your product by understanding if it can reroute traffic
Direct download: TLS_8-2-19.mp3
Category:general -- posted at: 10:27am PST

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