How To Turn Your Pocket Change Into Wealth
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- Опубликовано: 8 сен 2024
- In today's Book of the Day J.R. Simplot teaches the power of a nickel to create billions of dollars. In a time of flipping houses and day trading, J.R. Simplot's advice bucks the system. His lesson to billions can be summarized in two words, "Hang On!" Also read this if you want 67 in depth talks like this about frameworks from people like J. . Simplot and a free book.
1. How much money can you start putting aside in your Taw (money)?
2. What have you been short term minded on?
3. What debate are you going bring up with your loved ones?
Join me on my book of the day newsletter.
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9:42 "His success in life was to be able to pick people he could trust, and who believed in his vision, and execute them."
my mother told me to read books on famous people, because as she put it in her broken english " you are drawing on the entire life experience of someone, that is gold".
reviews of your book are good. I think ill pick it up soon.
love the 450lb quote. and the judging on intention / action quote tho that goes to Adam C.
as for why people are defensive when given advice, I think its because our culture is so quick to criticize and tear down others. You may be giving golden advice born out of a decade of blood sweat & tears but too many people are going to take it as an attack on their fragile ego.
oh and above all else thanks for the free info.
Hey Tai, been listening to your podcasts almost non-stop these past view days and I am loving what I have learned so far and your views and philosophy on life are extremely fascinating.
You should do a 'day in the life' type video where you break down a typical day and how much time you allocate doing what/your routines that allow you to get the most out of your day, it would be a great insight for an aspiring successful business owner.
Thanks!
This really inspired me to up my game and change my perspective . Thanks.
Subrina Anderson fine-tastic 👍🏻
Answers:
1) All my money left after Christmas presents.
2) Hang on to investing, reading and running.
3) Persuade my family to support me to go back o study to the US after my mediaca deperssion.
Thank you for the video.
Tai can't you publish a book on the 67 steps?
The 67 steps program costs £67 a month, a book will be a maximum of £15, so I don't think so
9/10 would read.
How do you think he's rich
You don't understand who Tai is. A one time purchase book would never be as valuable or sought after as a live program. Plus the 67 steps entry fee is £67. That's £1 per step. Best deal ever. And selling a book for that much? You'd be lucky for someone to want a book half that price, even with Tai's influence.
Akshay Rajendran jjkkk
The fact that you live in California and have managed to keep an open mind about politics and ideology is massively impressive to me. I would expect you to eventually just agree with all the people around you and be a liberal.
Amazing video sir. I'm 18 with 1,000$ and
I'm currently running a resale Business.
I started with a 8$ cell phone charger.
I've made over 700$ in 3 weeks. Only 300$
of that is spent on buying the merchandise
For resale! 3 weeks in. It's looking good!
And all because of this video.
Thank you.
I had this idea a wile ago, I started throwing all change in a bottle, copper seperate, and the Washington's in an envelope. Just $2.50 a day for a year is almost a G. Anything is better than nothing.
Also encouraging loved one's to eat healthy, and exercise. Each one teach one. Like you said learn somthing, from everybody. We need to focus on the task, issue, or goal at hand, by being fully present with it, to produce the greatest outcome's.
Your argument for debate is spot on with what I've been telling people. Although they agree, most do not care to be bothered by the conversation unless they are in severe pain related to the topic of discussion.
The late and very great Christopher Hitchins said the same thing. Learn to argue both sides because it informs your thinking. A narrow knowledge base limits your thinking to a focal point. Hitchins had a most formidable mind and I never saw him out debated. He was always steps ahead. A most brilliant thinker. Check out his debates on youtube
Thank you so much for the advice. Ive been addicted to gambling for so long now, and this made me realise ive been very stupid. Im a 17 year old with no income and ive lost thousands of dollars, but now i feel like i should much rather save my money. Again thanks
1) I can put aways close to half of my paycheque
2) My finances
3) Conservative political points
my 3 answers to Tia's 3 questions in the last minute of this video.
1. $499 a year
2. build social network outside my belief system. ( religion )
3. Debate- " How to become a millionaire " with millionaire mindset and actions.
I agree with item # 2..........your NETWORK is what determines your networth.
Solar Landlord Net Worth or capital is assets - liabilities.
F.GooglePlus U are giving us the "text book" definition of Net-worth.............what I am speaking of fits into a Adam Smith definition. EVERYTHING anyone gets in life comes from PEOPLE and the RELATIONSHIPS that U have with those people, including money and assets.. What runs the world is SOCIAL CAPITAL. The primary difference between a rich person and financially poor person is their "social capital" within their "social network". If U took away all of Bill Gates's money and wealth........within a short period of time he would have it all back, based on the social capital he has built up and maintained via his social networks.
Solar Landlord No that is what net worth is nothing else. Net worth is a calculation nothing more no need to try to fancy things up. E^2=(mc^2)^2x(pc)^2 thats the equation for calculating energy you cant expect to change the equation and still be calculating energy.
sorry its + (pc)^2 knew it didn't make sense :P
I'm from Idaho and Simplot is huge here. You are correct in its pernounciation. Thank you for your videos they are extremely eye opening.
Hey he is right about sticking to goals. Just keep coming back to it until you have your first epiphanies about your new skill you are developing.
I was derailed early in my life by illness at age 12 and never thought I could recover after a decade of almost no achievements.
Then I took a class on logic and my eyes opened up and I began following my original dreams of wanting to be a skilled math and physics master.
At age 21 my illness struck hard again and I was in a deep depression for several years barely functioning again.
I read up on my own health and about antioxidant rich food and the power of growth hormone with proper sleep and exercise and food of course. I started small with yoga stretches because I was so out of shape, it was amazing to actually be able to sit and walk and your body is flexible and obeys your commands. Then I bought outliers, blink, and sun tzu's art of war and realized that life is a struggle and most people take the direct approach and are predictable as hell.
I decided that I would test these ideas on strategy games like chess and other highly competitive games. In one week I had defeated the 1st place player in my time zone on the west coast.
I suddenly saw how people had severely set themselves up for failure by having hindsight bias. Everyone is a victim of this. It is where we say "I told you so" or "I knew this would happen!". People often believe things are easy or predictable after they watched it occur.
Study critical thinking in psychology and statistics. It will save you from thinking all the wrong thoughts and beliefs about the way the world works.
One more thing about my story I kept hammering away at math, but not in necessarily gigantic binges because that runs the risk of being boring which is counterproductive to memorization so change up what you do, for example bounce between a skill like math and something fast paced like music or what ever hobby you might have as a sort of 30 min reward and refresh. Then get back to your skills you need and if you get stuck then that means you are paying attention. Just sleep on it because you learn in your dreams things the waking brain simply cant understand. Look up this study by an Israeli scientist about learning in your sleep. It was quite recent and could change your life as well.
Any way I started out very screwed in so many ways in my life and nearly lost my dreams. I now have rapidly picked up algebra, trig, cal, physics and just recently purchased a particle physics book, something I thought I would never achieve due to so many health setbacks. Stephen hawking and Jimi Hendrix are heroes to me because they suffered similar problems and enjoyed some of my favorite subjects.
A hero is only helpful if you can relate to them. Be your self, deep down you know who that is, and you know it is the only thing that actually makes people happy.
I hope at least one person uses this to reconfigure their lives and overcome what you think you want and go for what you really want with a disciplined focus on your primary goals, choosing not to make the second best choice and instead making the best choice as often as you can.
I grew up in Idaho and he is well known there. The Simplot company employed many people in my small town. Great to hear more about his philosophy!
Hey Tai I'm a 14 year old boy from Sweden and I would like to say thanks for all the inspiration you have given me.
i run into same into issues with people, alway shave a stance and there own opinion but they dont look on two sides. Being persasive and have a attitude to be innovative, excellent.
I learned something from you, and so I say: Thank you Tai Lopez!
1. I am able to save 80% of my salary, it's good wait for 5 yrs rather than complaining for whole life about tax system, govt or people.
2. I had been short minded about my jobs for 1yr, 3yrs or 5 yrs, bout I also do know once I finishes 5yrs of job(till my 32), I would have enough money to live and do whatever I want.
3. I have made debates with my colleagues, family friends about learning to invest their money and time in early ages, so that they can advantage of these things later and in long term their life would be amazing.
and finally tha is for the video, it was amazing.
Very motivating material, I have increased the pace in my pursuit of the 'good life' after listening to what this man has to offer.
1.Taw - 33% of cash I get from my ecommerce shop
2. Short term minded - I'm less of this these days
3. Debate - About thinking about vacations as time to 'let loose'
Oh love the highlights.
First thing when I started practising law, I wanted to understand the whole procedure, from every aspect and absorb everything.. so one day I asked my mentor: out of the court everybody has their own truth, but in here there is one part with their truth, opposite side with their own truth who are "killing each other" to explain why they're right.. and thats why you are here the judge, that will hear the both stories and tell them the objective truth which lies in the middle, isn't it? .. And it stayed in my mind for a while, read a few books about mediators, whose goal is exactly what you said - to know the both sides so well, that he could argue with them and win in both.. My research for master degree is on that topic. But, from what I read is that people need this third impartial person, who can talk without ego and emotions. Sad but truth..
I find that debating on youtube has helped my skills of persuasion immensely, particularly in reinforcing my belief system in the paleo diet because you can speak to an enormous amount of opposing ideologists and paleo leaders with in a time frame that wouldn't be possible in real life. Because of the practice I've managed to persuade some family and friends into the paleo lifestyle.
I appreciate the short and simple advice on hanging on to something for success. I needed to hear that in order to break my habit related to the daily lack of clarity I endure, that clear vision is especially essential for me right now as I embark on my first oil field job within North America's largest oil reserves.
"Aha! Interesting! Tell me more!"
Guys, appreciate! Be grateful for every video/audio you can get with Tai. How many like him? Ego-less....We all instinctively know he's right! Go with your gut and you cannot go wrong. Hang on!
I just bought like 5 books I saw in this vid. Being shipped to my home 5-7 business days. I looked at a lit up screen, and pulled pages right out of it. Do that 400 years ago. ;)
Introvert...doesn't necessarily mean you don't have social skills, but that small groups or one-on-one are preferable modes of interaction. Also introverts need time alone to recharge their batteries... Thanks for your book summaries...valuable
Money is like a child that needs to be socialized. Money must interact with money and be active in order to mature. Spend money on stuff that rusts, rots, and depreciates and it dies!
I don't have much to put aside but I plan on putting at least 50 dollars every pay check for investing later. I'm short term minded on executing my ideas as they come and will develop a habit on changing that.
Tai, I feel so blessed that I found you. I've been trying to watch as many of your videos as possible and trying to soak up all the great messages that you are sharing. Thanks for everything!
my professional photographers job, because I was taught by a man who had a few photos on national geographic magazine! which he taught me how to develop pictures and take awesome photos and is now gone but he gave me a love for photography!
Exactly. I truly believe in hanging on for long term 😊
.....¡Muchas gracias!....
I've watched all you videos, some of them ever twice of three times, and read some of your books reviews, thanks a lot for all the knowledge you've shared with me. I live in Ecuador and it's going to help me a lot because nobody knows about this here.
This guy man unlimited resources of success. Inspiring
1) 50 dollars a month
2) My inexpensive rent. I should hold on to it.
3) Debate on why reading books is important and essential for quality living, just like eating, breathing and drinking is as well.
love your ideas about morality, like the people who drive electric cars not realizing to make that car pollution was also created
I'm glad I got recommended to you by another uni friend. The 67 steps and the book a day are golden.
I like how being smart can get you to see every avenue of what NOT to talk about, and what to. I think it's neat, how you can expose subjects that are giants in this world explaining why it's problematic to get into it, but still keep your point. and your well spoken in what you say about what you know. this is good. I consider myself wise and in theory a person that reads people well and sees past what they say. but your on point and your genuine.
I believe in every argument or debate one can find something of validity or some sort of truth that can be agreed upon by both positions. The truth in essence is relative to the individual and the position with which they take or perceive it. I prefer to generally hear both positions of an argument or an issue with an open and unbiased mind. Often, I find myself trying to understand the person more and why they feel they have taken a certain position or stance on the issue by showing they feel such a way, because x, y, z. A healthy debate in my opinion and a diverse set of perspectives is what enables a truth to be revealed.
in Australia theres a 1000,000 books fair.sold twice a year. these are 50c to few dollars for.new books and runs three days. it.covers a convention centre and people.take suitcases there. amazing place to buy books
+Reg I'm really interested in this book sale fair, could you please specify when and where this event takes place? cheers mate.
yea no problems :) - i got some amazing stuff unread/unopened - personal development, money, travel, etc
any topics. they load up the tables daily - so its not like the end dates will have less stock.
See
uccommunity.org.au/events/lifeline-bookfest-brisbane yes, i havent been for years but it takes up ALL of the Brisbne convention centre. people go there in teams with runners and gatherers! its quite huge
next one is lifeline 25 june - 3 july 2016 in the BRISBANE CONVENTION CENTRE, QUEENSLAND. AU - They even hire trollys! At the event you will find 4km of tables with millions of books, magazines, records, puzzles, DVDs, CDs, vinyl, board games and much more for prices as low as a dollar.
Actually, i dont know where you are but search around - eg. in google type lifeline book fair / fest etc i came up with others in canberra www.act.lifeline.org.au/Bookfair/future-bookfair-dates
Man, that sounds amazing.
Interesting video. Shared this thing everywhere.
I love how you point out the importance of not completely discounting people on account of them doing this bad thing or that bad thing. I have always been baffled when encountering someone who wanted to completely tune someone out just because they can quote one questionable thing they have done…..it doesn't then mean that there is nothing you can learn from that person.
I love the point you make about being open to learn from anyone no matter what the background of that person. Very important! I really enjoy your videos and ideas. I am happy I found your channel and site. Thanks!
Exactly on point at 22:00-23:00. "he who is without sin, cast the first stone" Reminds me of people say "there are too many people in the world" I just think why not just start with opting yourself(lead by example) if you believe there are too many or how to make the world able to sustain-ably recycle it's resources.
Question 1: £50-£100 per income (Minimal) Question 2: Investing. 3: The Positives and Negatives of Marijuana.
Haha!! 😂
I can start put aside my allowance and lunch money.
I should fight against my eating habits longer, to get rid of the bad ones.
I will start debate about starting business with my friends
Hey Tai
You know what. I have been reading over 500 books every year since 2008.
when I told my friends that I am reading 2 book a day. no one believed. but when my relative saw it trusted me.
but the sad point is that, although I have read over 1000s of books. I am still unemployed. I understood one thing that being smart talker doesnt make u rich, being smart in a specific area would make u rich look warren buffet. he doesnt read 100s of books but he reads related books 100 times. so it makes progress.
Many thanks for sharing the book and your analysis with us. Speed reading is a useful skill to have, because you can read more books. But you also share what you have read. You are a great man, Tai.
Tailopez. Thank you for what you do. I'm grateful for the advice you give for free to live a better life.
***** You have change my life. Thank You For All The Free Videos. I want to Sent You A Bottle Of Liquor as a Thank You Gift. Also I'm going to restart my 67 Step since I didn't finish it. I just have too integrated it with my schedule to be able to do every single day.
Thanks Again
Cesar Cancino send to me too
I will talk with my friends about the fact that nutrition is most probably a very personal matter, in the sense that the diet that is good for someone may not be beneficial for other people. I have seen that people really need a certainty that whatever ideological path they choose is the correct one (vegetarians, paleo, carb-free). Unless you really put yourself into the task of digging really deep into the biochemistry of your own body (measuring body fat accurately, measuring blood levels constantly, calories burnt by fat vs calories burnt by carbs, etc.) then you can't really achieve a measurable result. Anyway, I'm starting to argue haha. Thanks for the content Tai, I'm following your 67 steps closely trying to learn as much as I can.
Came across your channel while watching Jim Rohn videos. Glad I did. I really enjoy your talks, they are fantastic!. Thank you for sharing.
Your videos are really insightful, I learn a lot from each of them. your unique point of view for stuff is very deep
Hey Tai, just re-watched this and remembered I need to up my game in persuading people and learning how to convey my vision. Thanks. A great movie about debating and persuasion is called: Thank you for smoking. It's about a tobacco lobbyist. Very interesting. Reminded me of Charlie Munger: Learn to argue the other side better than your own before you take a stand.
Thank you Tai. I am learning alot from you and your channel is my favourite on youtube.
Tai, I just discovered you recently and I love your videos and your book of the day reviews. You are an inspiration to read more books, acquire knowledge and become successful.
Tai... I just want you to know I think you o.p. And I hope you never stop making these vids. Me and my friend are young and were considering going in to business and were just looking at tips and stuff for our future and your just full of knowledge and facts. Thank you for actually putting all your tips out here on the Internet instead of keeping it to yourself so you'll feel that your successful and no one else is. Your a good person and I hope you don't stop these vids
Also if anyone has something/someone else that might be able to help please tell me. I love this sort of stuff
Hey Tai! I just wanted to thank you so much for making these videos. I first got exposure from you in RSDTyler, and really thought nothing much of you. Then I saw you again, probably a month later from this website called EliteDaily...about the "fathers of youtube" or something...and it sparked an interest.
From that moment (3 hours ago), I probably watched at least 3 hours of you today. :D
You mention some things about "Delusional Entitlement" and that's been a major problem in my head that I didn't know how to sort out.
It's been a major problem with me, and probably a lot of people in my generation. It caused my grades in school to downgrade from A's to F's in a matter of a semester...just because I knew some stuff and read some books that most people didn't know (or at least I assumed). And when I brought up these my higher consciousness topics to the counselors (yes multiple)...they just played it off as it was the usual delusional teenager.
I think you mentioned a book about it...something named Cognitive Biases, which I'll finish tomorrow.
Well anyways. I just wanted to thank you very much for these videos!!! Getting your 67 steps tomorrow.
1. Never spend the taw, if you spend the taw you are out of game.
2. It's not about being introvert or extrovert, it's about being successful or not. So don't talk about you are introvert and use that as an excuse.
3. Start doing more debate: and start persuasive people in your life. Taking all things on both side.
4. " I do not allow myself the luxury of taking any a stand on anything important untill I could argue both sides better than the person who has on the other side from me." - Charles Munger
5. Study the great people in the world.
6. "One of the things that I like that I did: Ahh, tell me more. ( When I was reading books and getting advice )" - Tai Lopez
7. E ca și cum ai avea 100 de kg și mai judeca pe mine care am 110kg. Și tu ești tot gras. Concluzia: învață de la oricine, și nu judeca aiurea.
Questions:
1) How much money can you save for your taw?
2) What are the areas in your life where you was simple minded?
3) Practice your persuasion skills on others through debating.
Wow Tai, I learned from this. I'm careful with money, however, I never obtained any taw. Also, I approve of that you asked us questions.
Hello tai i think ur a very smart person and you make sense all the time and im gonna start reading because you Tai influences me so thank you.
It's from the Bible but it goes with what you were saying I think. 'Do not judge the spec in another's eye before you deal with the plank in your own eye.'
Love this book of the day section!! glad I found this channel. Thanks Tai!!
Another good one Tai, cheers.
WOAH found a Pyro comment on a random old video. what's up brother!
forgot I watched this once before, such wealth of info! thanks man!
LOVE your content, Tai! Thanks for sharing..
i can start debating on the controversies happening in media as a starting point. there is always something happening there.
I love your content Tai! You have no idea how much value and positively changing my life. One day I will thank you in person
Tai, at the end of the day, it comes down to discipline & consistency.
This is such an underated channel and video in particular...thank you Tai for sharing and putting together such an incredible content. Beyond grateful.
Yeah it was a Tom Sayer story ( 10:00)
Hey Tai, I am from Serbia and I cant order your 67 steps. I cant fill state/province and city part of the form. Could you fix that. Thanks in advance.
Love your videos and book recommendations, I am thanful for your value. Keep it up
Thank you tai Lopez. For these great videos.
Tai you are a treasure o culture and knowledge !
I like how Tai Is one of Hegel's disicples because he keeps on talking about theses, antitheses and syntheses.
thank you Tai these three advises are very valuable.
Thank you for the insight, advice.
Well for my taw would be putting aside 30% of my monthly salary. I wouldn't go below a minimum savings of 30k.
Hey Tai could you do a video on your own personal experience to building your companies, investments, and relations. Because there really isn't any information on that and I would love to know how you started.
THANKS A LOT!
Hey, Tai i love these videos that you give out. Great value here!
Tai you are so right! Thank you for everything what you are doing - it's life changing for everybody!
effen eh Tai! we are on the same page here. When I'm having a hard day, I turn on one of your vlog's and it always puts me back on track. Feeling re-energized now that I watched this, thanks for being a part of my journey! Love the three questions at the end. Oh! and because you're so inspiring, I've gone from willingly reading 1 book every ten years to reading 5 books in two months. Keep up the good work and congrats on being at the influential stage of your pyramid. I'm still at the scarcity stage and know that's it possible to move up now that I'm starting to understand so much through your videos. thanks x infinity
Another fantastic vid. Thanks bud.
1) The richest man of Babylon goes deeper into how you should be saving and spending money on a percentage level of your income. For example, save 10% for yourself and then compartmentalize the rest into percentages for debt, expenses, investments, charity, etc.
2)I would say first thing is first. You need to grab onto a business or career that will pay you well enough to invest or manage money like in number 1 above.
3) I think a good debate question would be what would make a good business and what would not. Why? How so? Can you give examples?
how do your videos have so little views ? , SERIOUSLY , in each video you share so much valuable information !
Yet another golden nugget! Thanks tai.
This is great advice. Thanks for taking the time to make these videos, and sharing them with those who choose to listen.
outstanding videos.. thanks so much for teaching us..
Thanks Tai! I'm about to debate my dad on who the greatest superhero is.
attitude level like, "Ahh, intriguine!" 🙏✌
Hey Tai you show so much of yourself so why dont i tell you about myself before i ask a question. Hi my name is Shane and i just turned 16 years old. I have always had the dream of living happy and making money. Ive been slowly working on the health and body aspect of greatness but when it comes to wealth i need some help. Your an amazing mentor for me through youtube and i aspire to one day be in the gospel of wealth that you share with everyone. My question is i want to invest in something but i dont know what to invest in or where to even start. I ask that you please help guide me into the right decision. Thank you Tai
I see Quanah. Always good to see Quanah.
Hi Tai, I love listening to your advice and would like to speak to you one on one some day.. Until then I will continue to watch and listen to your videos and put what advice I can into action..
Great video sir Tai! These are like an added "bonus" to the 67 steps.. which by the way I highly recommend to any watching.. whats a few bucks to get 67 in depth podcasts of Tai's awesome insights?
The thumbs down is exactly what one of the 3 points in this video were. It's FREE advice...try not to be so black and white. :) Live and love life.
22:00 So much TRUTH!!
I disagree with his comments at the end, there is a difference between fill up a car with petrol and driving it and owning a company that does fracking or causes oil spills, yes both pollute, but one is on a much larger scale and could be avoided, the only reason it isn't avoided is because capitalism is more important to some people than the environment. I don't consider myself ultra green but that attitude got under my skin a little. If absolutely everyone took that attitude, would we even have a planet left?
Hy Tai , i'm getting even more inspired day by day listening to you , but i have one single thing that i am wondering :
- Where did you learnt to speedread 1 book/day or more and what should i do to purceed the same way :)
Thanks a lot
How i would love to see your entire book collection! How about a video tour? :)
As a "Crutch" was the word you were looking for Tai :)