The 10 Rules Of Making Money: What I Wish Someone Had Taught Me In School
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- เผยแพร่เมื่อ 3 พ.ย. 2015
- Disclaimer: Results may vary.
I’ve learned some these 10 important rules of money the hard way and some I’ve learned from listening to others.
1. Do the opposite: When most people are putting money out, you have to be pulling money in. When most people are pulling money in, you have to be putting money out.
2. Don’t invest in things that rust, rot, and depreciate.
3. Adopt The Win-Win Mentality: Sometimes you will find yourself in a lose-lose situation or a win-lose situation, but you have to figure out how to get into win-win situations. These are what I call “level 3” activities.
Make sure you watch my free live talk for the rest of the rules.
Here are the 10 rules:
1. Do the opposite of the average, poor person. Capital Expenditures: spending on something that can create income for you.
2. No Silver Bullet: There isn’t just one shortcut that’ll make you money. There isn’t just one path.
3. Financial Jujitsu: went right into step 4.
4. Manage The Distance: You’re not going to accidentally make money.
5. Allies : have the right allies.
6. Understand Signalling.
7. Be Careful of Following Your Gut.
8. Reframe What Money Is: It’s not evil or corrupt, it’s a tool. It isn’t scarce.
9. KILL procrastination with the 24 hour rule: what did you do in the last 24 hours?
10. Divide 24 hours into KSE (Knowledge/Learning, Strategy, Execution) and make sure you have all three.
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Thanks
Thank you, Paty Castro, as I'm watching this in 2018.
damn thanks man u da real mvp may succes be with u hell yea
Thanks Paty!
my ps4, I was in a win lose. the games were fun, but I wasted a lot of my time.
Who needs school when you got Tai?
Duel MasterBlaze GOLDEN COMMENT
i need school , and keep learning stuff one thing isnt against the other
About to sell my louis vuitton shoes and get more books
"...if the economy gets bad, I can sell the hammer."
Love it!
Investing video games over books is definitely a lose-lose situation.
I could be investing into my brain rather than investing into temporary entertainment.
Personally, I don't believe I can make it in the world playing video games. I'm not being stubborn at all. In this world everyone can find a certain market to be in. I'm talking about the books that aren't entirely for entertainment. I want to read non-fiction books on how to improve my life financially, physically, and emotionally.
video games alter your brain physiology and make you better at certain things. It all depends how you look at this whole win win shit. If someone is completely content with playing video games everyday and work a shitty job then that's on them.
+Doron Alexis It's actually a Win-Lose unless you don't enjoy playing video games.
Why don't you call it 3/10 rules of making money? Also, how can I find out the other 7 rules if I've only found this video 1 year after you did the live talk?
IglooDweller my thoughts exactly... oh well 3/10 is better than none hahaha
loool hope he uploads it, as he's done with some others..
Shit I'm 3 years late.
Top comment
how rare is people like tai lopez
not rare
Your book list is amazing! Those books helped me a lot! Thanks Tai.
This type of talk accelerates life change for the better. Thanks Tai!
I really needed this Tai, so much struggle I've done and doing it again now but this will add my tools bro..keep changing the world man
I love this man, " Never invest in things that rust, rot or depreciate" is so on point
This guy puts his heart and soul into helping people and gives so much free content. He truly is a beacon of enlightenment with wealth. People that hate him just hate him because he shines so brightly.
Tai you made a reference to an old truck depreciating, Depending on the year and model old classic trucks actually appreciate in value. Thank you for all knowledge and wisdom you have shared with us in your videos.
After this talk it made me think about my win/win and makes perfect sense the direction I should go. Great stuff as always.
1) Something I've invested in that is appreciating would be real estate.
2) I would say that currently my financial situation falls into the category of Win/Lose. I work 50-65 hours a week at a job that I kind of like (Lose) but it provides for my wife and 3 children, & my wife doesn't have to work (Win).
3) Because I am at work so much I have not been able to make a live talk BUT I follow all of your Facebook, Instagram & TH-cam posts and since I have started listening to your success story and little nuggets of wisdom you share on these social media outlets I have started reading a book a week, as well as started to make changes in my personal life concerning my health, wealth, love & happiness.
4) I've always been an entrepreneur at heart. Started 6 small but successful businesses. When married and had 3 children I felt I needed a steady job but still feel unfulfilled. **How can men like me (there are many of us) who have the responsibility of a family transition to wealth?ThxTai
thanks Tai, brilliant video as usual. The people criticizing you are just too ignorant to comprehend the value you're providing.
It reminds me of that phrase you sometimes quote from your mentor
"Dont try to teach a pig how to fly. It won't work and it bothers the pig."
Awesome advice! Thanks, Tai! There's a whole lot of win-lose situations. I wanna be able to have a win-win situation but something holds me back - fears, laziness, procrastination, lack of self-belief.
But this video is inspiring. Thank you :)
Things I spent money on that Depreciate : Clothing.
Current situation in life, I'd say it's a win lose. I'm currently a medic in the United States Air Force. The moments I love what I do outweigh the moments I wish I was doing something else. I do not get paid very well at all though. However, the experiences i've had are priceless. 24 years old and i've seen a good portion of the world. Thank you for another great video Tai.
I see your ads every video I watch, and every time it pops up I watch the full ad. This is knowledge worth knowing without these videos I wouldn't think about money in this way, I'd just spend spend spend thank you for changing the way I see things.
Outstanding coaching Tai.
Tai, Thanks for your tips... I do appreciate what you are doing for the world!
Thanks Tai appreciate your messages!!
The idea of not investing in things that rust, rot or depreciate really stuck with me when I took the 67 steps earlier this year and having a new perspective on how $100 can be spent in something uncommon like a seminar instead of a pair of shoes (not that I spend that much in fashion to start with) definitely stayed with me and I've been investing a lot more in myself because of it. Thanks Tai! If you're ever in the Toronto area, I'd love to have you in my podcast :D
TAi I live in New Zealand, and I'm a farmer (sheep&beef) I love my life. Your my inspiration, but I'm only 13. Keep up the inspirational videos.
I see travel the same way you do. My friends spend 1-2 weeks in other countries and it costs them like $5,000.
I got a working holiday visa in New Zealand so I can get paid to travel. Makes a lot more sense.
Hi Tai! I am currently pursuing my ecom business with an online store in which I presently have a mentor in place to assist. However, I'm currently struggling with a win-lose situation with my peers. I haven't come across any videos from anyone relating to these "changes" in close relationships that I am being forced to relieve myself from. I am just so hyper-focused on reinventing my life and have "changed" in appearing to be self-centered, when I'm normally known to be self-less. These distractions were a struggle until today and has led me to the firm decision to ultimately cease defending my position and have put my emotions "on the shelf", as well as terminating those long-term friendships. They simply don't understand that I am evolving into a different type of character, in my pursuit towards entrepreneurship as I am now in a new/different role. I have rented my first home that I had built 16 years ago to free up my financial obligations and gain freedom to pursue my goals. It has been very liberating experience and I have no regrets! :) I have happliy made some enormous sacrifices and have completely stepped out of my comfort zone and although some unplanned/expected hardships have occurred but I have adjusted my sails gracefully and have orchestrated my dynamic to allow me the time that I need to dedicate myself to my ecom business 100%. I am called "crazy" by my friends on a daily basis and for some reason they look at my situation and believe that I'm unhappy due to my circumstances. I keep telling them that it's no accident and I am happier now than I have ever been. I'm FREE! I wake up excited every day! What I would like to know is, if you have any suggestions or experiences that you would like to share on how to move forward while your friends are dropping like flies. I won't allow anything to take me off of my course and I am very driven/determined to do all of the work entailed to reach my goals. No excuses! However, as solid as I am on continuing this journey. I have to admit that it's very confusing to me as to why people are being so disappointed and even angered when all I'm trying to do is remain peaceful and drama-free in my pursuit to be an entrepreneur! Nothing will stop me, especially other people that don't understand my mission, but I would appreciate any suggestions on how to handle this situation. I'm not in the business of hurting people but I feel as though it's really the only option to be successful in my pursuit. Thank you for inspiring me and for any reponse you take the time to post, in advance. :)
well said, i have bought plenty of stuff that depreciates glass which always ends up breaking, I was actually just thinking about some of the stuff that i buy that is not worth anything later (electronics) . I wanna hear more. I usually don't comment on stuff like this but you got my attention. this could possibly could change thew way i spend my money.
Rule 11: Strech your videos over 10mins
I work at an entry level job, what the hell can I afford that actually appreciates other than books and knowledge
Sometimes real estate appreciates. Sometimes it doesn't. From what I've seen it's usually based on how developed an area gets. My great grandparents farm in Albion ME, 100 acre farm about 100 years old is probably worth about the same as it was. Factoring inflation. They bought it for $2k. Less ppl live there now than 100 years ago. To contrast wife's parents own about 100 acres in conyers GA. They inherited it from great grandparents. Originally it was about 2k. Nobody lived there. Now they get offers to sell pieces of it for millions.
+Joshua Webb its never bad to own part of earth!!! real estate is not where the money is but the land is. there will never be more land made but in the hood the land could worth alot of money one day. Just look at Brooklyn
Buying and holding land for several generations probably won't make me rich in my lifetime though. Probably need to do a lot of buying and selling.
Tai. Aside from making money. What is your mission ? Your purpose.
Thanks for the video Tai, i must say I'm no millionaire I'm not rich and when I'm really down financially I find things that appreciate one of them is Jordan sneakers, I have bought plenty of Jordan sneakers under $200 and sold them anywhere from 300 to a thousand bucks, im about to sign up for the live talk, keep being awsome and sharing man, i appreciate it.
Tai, you are an amazing inspiration to me. Thank you for sharing your knowledge.
Thank you for sharing looking forward to your seminars. Cheers!
I like this dude. Got very solid and informative messages. Keep up the good word Lopez!
Wow ! Wow ! Tai you are making me wiser everyday. Million thanks Tai
Tai please upload these talks you do onto youtube. I can't always attend them due to being in japan and in school but I always watch them no matter how long it takes if you can upload a talk id be so greatful.
Thanks for creating Financial awareness ,it is my privilege to get the right information from the right person at the right time .
Thanks, Tai you're helping me to be a better teenager, I been watching a lot of your videos that will help me be a more successful teen in life. I always like getting good advice from you. I'm 15 years old. You're the best thanks for the tip that I need to be successful. I have no friends because I'm more concentrate on my grades & I don't how to socialize with others that well. I want to be like you when I'm older.
Love this guy ! He is an amazing salesman !
it been a great to listen you sir..you are really a brilliantly managed man..proud to follow you.
Ty I am 12 and I love that you share your advice to learn to get wealthy in life I get this help to all the people who doubt me in life
Let me give you some advice. Help yourself first, then help those who believed in you. Not those who doubted you.
i missed the 10 rules talk...anyway i can get the list?
I just recently brought a pair of shoes that's straight RRD spending right there when I know I don't need them and they actually hurt my feet. I've been investing way more of my money in books about 100-200 a month, on Amazon that gets you between 10 or 20 books. I've always been facinated with books tai but you took it to a whole new level. Keep changing the mindset of people and the world. Your slowly but surely becoming Tai legend !!!!!!
Im always has been a spender. When I resided in Canada I learned the hard way, whatever you do money has to go. So thanks for the advise. ❤❤❤❤
I've procrastinated about watching your videos long enough. thank you for what you do with giving people free advice thats usually explained pretty well. I've wanted to start my own company since my senior year of high school (im 20 now) but due to.. lets call them "events" I've suffered a lot of memory problems that I'm starting to recover from but sometimes it feels like I was literally born yesterday. im basically starting from scratch. even my vocabulary as decreased immensely haha. but im always positive and am no stranger to walls. your videos are helping me climb this wall. if I had to ask for anything it would be a Playlist. almost like a vague step by step instruction series. im in the same predicament as you were basically. 10 dollars to my name, soon to be homeless. that sort of thing. thank you for not going away after the jokes about your original add too. keep it up!
nice of you to include content in your live talks in the regular videos. i recalled a bit if this ☺
So many people hating on this guy, so many people trying to make him look bad. Why? Great video, Tai.
This was very informative and helpful. Thank You
Great info.! Thank you very much, Tai Lopez.
Thank you so much for making this video.
thanks for teaching your momentum is my momentum. blessed you are feeding my mind. Will see you one day
Good stuff tai!! This video is really help full for my my life at this moment..
Tai I'm a huge fan, I've watched pretty much all of your videos and currently I'm in a win/lose situation with my current job. I do sales and marketing. It has the potential to make a decent amount of money as soon as I become an owner, although I hate having to go into the field everyday and dealing with constant rejection from anyone I pitch to. It will be a win/win as soon as I push through it now and wait for my season to harvest soon.
-Alex
this is very informational I'm going to process of a business startup. lost my job two actually. but I'm here to do what I love to do and I have good support.. So right now I'm in the win lose and I'm ready to be in a win-win
I don't care people said you are scammer and so forth because to me the most important is the content not someone background..this content is GOLD.. Thanks sifu tai 😊
Love your videos. Very motivational
Suuuper powerful & true, thank you for sharing this wisdom ✨🙌
I got 1 year left of high school before i go to college but i dont know if i should go because college is like a win lose situation, I know that when im done with college i'm gonna be left with bad debt which can take 2 to 3 years to pay off. I also see that most things you learn in school is so unnecessary and is waste of time because your never going to use them in the future
Leon S Kennedy honestly it depends on the industry you go into, do your research and im sure u will find somthing.
go to school.. Easily if you use the system as a tool, you can potentially graduate early. While still lining up some internships. That way when you graduate you already have WORK EXPERIENCE. I have a couple of colleagues making $100k a year, + bonus just for staying with the company. Easily pays off student debt. Student Debt, isn't usually the debt that stops you, since you can prolong the payment method, it's other forms of debt that slow you down. Which has to do with the PERSON. Don't fear school man. Go for it once you know what you want to do. Even if you don't know what you want to do, try everything until you find something you like. If you find out you want to follow something entrepreneurial, then go for it! Best of luck! Cheers.
Samdaman
Camaro
SS
so what did you do?
both of you actually :)
Great vid Tai great Stuff, thank you!!
Great video Tai broda now imma too create a win-win situation for me
Tai's the man. Thank you
i don't care who he is, how much he's worth or what he do. i just care about the knowledge and these are so darn good
I recently started going back to that mindset of not spending money on anything unless it has an upside. When I was in college I had that mindset and would go months without spending a dime. I would go out to eat with friends and eat whatever they didn't eat and were going to throw away. I never went hungry, my friends never felt like I was mooching off of them, I had a roof over my head even after college and I crashed on couches in exchange for favors and a little money towards utilities. I'm trying to get back into that mindset, because it's hard to focus when you're constantly working to get money that is just flowing back out.
Do you have a video all about things you can put your money into that appreciate rather than depreciate?
Yeah, yourself.
Assets - appreciate
Liabilities - depreciate
he already told you, you can buy cows they eat grass give milk getting faftter and its all profit
Diamond Diva Princess loo
Diamond Diva Princess things that don't depreciate:
Livestock, and Land. don't worry about Property with existing structures. Blank virgin property in areas not quite developed yet. use acreage to raise yearlings to slaughter age. sell when the market is up. alot less unpredictable than stock. buy low. sell to investors when strong local development is on an upswing. lease the same property from the purchaser for a miniscule fraction of what you sold for (Ex: $20 +/- per acre, per month, for X amount of years) to keep existing cattle. repeat with purchasing more land... And NEVER live above your means...
Very good points Tai!
Love this thanks Tai
Tai, you definitely have seen more of New Zealand than most tourists, but you also had to shear sheep there to help facilitate your travels. I think that might have been an example in your younger years of a win/lose. What do you think?
For me, one thing that I purchased that has appreciated was a used sports car about 10 years ago. Since it was used a lot of the initial depreciation was already accounted for, and lately there has been a value uptick in these cars due to the collector market. I've probably seen a 50% value increase in the time I've owned it (though I don't plan on selling it).
As far as win/win in my own life, I'm trying to start a consulting business. Definitely not fun at the outset but I wouldn't describe that as a "lose" but more of a challenge, and it has the potential if I do it right and work hard at it (and maybe have a tiny bit of luck) to be a big win/win since I'd be making money helping others and being my own boss.
Very interesting Tai!! . Is make sense what u talk
I bump into your video today and am so blessed by your words...Am from African and I want to make money,,,your words are so powerful.. Thanks
I buy plenty of clothes and makeup that just gives me inner staisfaction that I have nice things that every girl should have. I still feel just okay. I thinks its time I need to make a budget and invest my money somewhere to have a win win situation because life is not gonna be same forever. Thanks Tai.
Thank you I injoy the teaching!!
And your video..
He's a game changer. This advice works people.
I've definitely invested in materialistic depreciating clothing and shoes, but I just got about 4 books that costed me around $60 dollars all together.
AMAZING BRO! Love your content
I'm in loose/win situation. So I'm developing a game for iOS devices and don't currently getting money from it.
Zack Wright thank you for your reply! Gonna keep up!
Tai, you are right about the Win-Win mentality. I've read about that in the 7 habits book by Stephen Covey. Keep up the good work
I feel like I'm in a win lose situation. I moved to a particular place in the UK with a LIFE PURPOSE, that being to start student life as a chiropracticor. The most frustrating part about it, is it's the most expensive place in the UK but great for education! Relating to your 33 percent rule this has totally been happening since I moved to this area without me realising it until I came across your videos!!! Now I know what I know I can make sure i hit all areas!
I love your advise, Thank you!
Awesome. Free advise that works. Thank you. I love your lessons.
thank you...I love what your doing ...it's helping everybody thanks a million. not everyone can do what your doing.
These tips are very wise.
Learned a lot, thanks bruh
You are positively active not they other way around!
Thanks for sharing your wisdom
I'm not fussed what anyone says about Tai, I have learnt loads off him
very good advices man. thanks for sharing
Tai is awesome love his videos Thank you for opening my eyes. Haters fail Winners succeed.
Hi Tai!! What if you missed to register to the live talk? Is there some way where this topic could be accessed or registered again? Thank you!
Thank you. I trust your choice of books. I can’t read the books, people and topics as fast as you say them. Now I have a list. Lol. Thank you for the tips and direction. I really need it. 👍👍
i think the first rule applies to stocks
lol it apply to more than just stocks
Thank you Tai you are my mentor
hello Tai, greetings from southern CA glad I watched this video .. I will view your tube page, look forward to learning more advice from you thanks!!
Words of wisdom right there!
My 4 year old son is a huge Tai Lopez fan. I let him watch with me. A huge thank you from 2 generations, brother.
I'm a shopaholic after watching your video I've learn so much, you are true legend, amazing mentor that I can look up too every time.
I have invested in a bunch of stupid stuff. Such as upgrades on my truck! I am now investing in books that will help me succeed!
Thank you for these videos
On a serious note, I am currently on a lose-lose situation heading towards a win-lose. I have the mind set of win-win and always keep my mind open but I fear so I close my eyes on things I do not want to see. I understand how business, large corporates and organizations run and I do not want to be the man that's being employed but be the employer (more for less). What Tai is really saying throughout this video is never be satisfied, continue to feed your bank account not deplete and question everything asking yourself "how will this benefit me". Watching this video makes me feel like a new chapter has opened up, and it is a long "series of novels".