10 Life-Changing Lessons Tai Lopez Taught Me
I'm a huge fan of Tai Lopez. Here are some lessons I learned from him. I hope these help you on your journey towards success!
- The 30% Rule: Keep 30% of your money in savings/investments, 30% of it in fun, and 30% of it in necessities.
- The 5% Rule: If you're unable to be the 95th percentile and above in anything you do, then don't do it (as your focus in life). Chances are- because the world is so competitive- that you're not gonna make it.
- Keep a budget of all your income and expenses.
- The "Don't Understand/ Won't Have" Corollary: You won't obtain anything you don't understand, whether it be money, women, or anything else you want in life.
- Money= Having scarce and In-demand resources. It's useless if you have something scarce but nobody wants it. It's also useless if you have something in-demand but too many people have it.
- There are 2 kinds of people in this world: Producers and Performers. Most Producers start out as Performers. A Producer is someone who comes up with the idea, and the Performer is the one who carries out that idea.
- Nobody does anything alone. Bill Gates himself said "I never did anything alone". Even The Lone Ranger had a partner. Success takes people. The wealthiest people in the world have the greatest number of team members.
- You are an investor first before you are anything else. Throughout history, investors have ruled over everything.
- Pursue the industry that you are curious and interested in. Pick an industry and stick to it for at least ten or more years. Look through the government industry list and choose an industry. You must be curious enough about the industry you choose to be patient in as you push the ball up the hill.
- You will make the average of your five closest friends.
Thanks for reading guys! If you liked this post, I'll post another one!