Episode
#103 with Tai Lopez - Tai Lopez Opens Up About His Past and Addresses Critics
1:40:02
Published: Fri Aug 21 2020
Description
Sam Parr (@theSamParr) and Shaan Puri (@ShaanVP) bring on Tai Lopez (@tailopez). In today’s episode they chat about: (4:25-22:20) Tai addresses the haters, (22:58-36:44) what businesses are Tai buying and how is he paying for them?, (36:20-42:02) Tai fires shots at Silicon Valley, (42:13-47:14) How did Tai originally make his money? (47:30-52:03) Tai explains the origins of his infamous ad, (56:42-1:08:30) what business would Tai get into right now? This episode is presented by Tempo! Check them out at tempo.fit and use code "TempoHustle" for $100 off. Joined our private FB group yet? It's a page where people share each others million dollar ideas or what they're already working on: https://www.facebook.com/groups/ourfirstmillion. See acast.com/privacy for privacy and opt-out information.
Chapters
The podcast comprises a conversation between the hosts and a unique entrepreneur where topics discussed range from the use of psychedelics to acquiring brands and converting them to e-commerce ventures.
00:00 - 02:11 (02:11)
Summary
The podcast comprises a conversation between the hosts and a unique entrepreneur where topics discussed range from the use of psychedelics to acquiring brands and converting them to e-commerce ventures.
Episode#103 with Tai Lopez - Tai Lopez Opens Up About His Past and Addresses Critics
PodcastMy First Million
The speaker discusses the correlation between virtue and generosity, citing examples of wealthy individuals who claim not to care about money, but lack true generosity.
02:11 - 08:17 (06:05)
Summary
The speaker discusses the correlation between virtue and generosity, citing examples of wealthy individuals who claim not to care about money, but lack true generosity. He also talks about his own four-month certification program on profitability taught by himself and 20 agency owners.
Episode#103 with Tai Lopez - Tai Lopez Opens Up About His Past and Addresses Critics
PodcastMy First Million
A man recounts the negative reactions he received when he expressed his love for cars at a young age, and how it made him question whether he really liked them or not.
08:17 - 12:56 (04:39)
Summary
A man recounts the negative reactions he received when he expressed his love for cars at a young age, and how it made him question whether he really liked them or not.
Episode#103 with Tai Lopez - Tai Lopez Opens Up About His Past and Addresses Critics
PodcastMy First Million
Ty explores the accusations of manipulating people and his belief in arguing for both sides before forming a belief.
12:56 - 16:51 (03:54)
Summary
Ty explores the accusations of manipulating people and his belief in arguing for both sides before forming a belief. He questions whether he is actually manipulating people and discusses the contrast with the university system's debt.
Episode#103 with Tai Lopez - Tai Lopez Opens Up About His Past and Addresses Critics
PodcastMy First Million
The priority should be the substance a person brings, and not their motivations.
16:51 - 20:35 (03:43)
Summary
The priority should be the substance a person brings, and not their motivations. A discussion on Peloton's technology and the passion for exercising through the use of the product.
Episode#103 with Tai Lopez - Tai Lopez Opens Up About His Past and Addresses Critics
PodcastMy First Million
The speaker explains their plan to acquire the rights to an e-commerce platform by renting through variable leases rather than buying the company outright.
20:35 - 25:08 (04:32)
Summary
The speaker explains their plan to acquire the rights to an e-commerce platform by renting through variable leases rather than buying the company outright.
Episode#103 with Tai Lopez - Tai Lopez Opens Up About His Past and Addresses Critics
PodcastMy First Million
The speaker mentions investment bankers are interested in deals such as Guggenheim, a fund bank in New York, which he negotiated and agreed to a crafty asset purchase agreement with in 2015.
25:08 - 31:11 (06:03)
Summary
The speaker mentions investment bankers are interested in deals such as Guggenheim, a fund bank in New York, which he negotiated and agreed to a crafty asset purchase agreement with in 2015. Additionally, the speaker mentions leveraging a "here in my garage" video to attract investors with high net worth.
Episode#103 with Tai Lopez - Tai Lopez Opens Up About His Past and Addresses Critics
PodcastMy First Million
Tech companies have been providing sizable returns over the past few months and contributing to the majority of S&P 500 returns while other companies are falling short.
31:11 - 35:02 (03:50)
Summary
Tech companies have been providing sizable returns over the past few months and contributing to the majority of S&P 500 returns while other companies are falling short. The most valuable companies in the world are from Silicon Valley, and making money in a different way should be appreciated.
Episode#103 with Tai Lopez - Tai Lopez Opens Up About His Past and Addresses Critics
PodcastMy First Million
The transcript discusses the immense potential of Internet businesses as an area of opportunity for wealth creation.
35:02 - 38:26 (03:24)
Summary
The transcript discusses the immense potential of Internet businesses as an area of opportunity for wealth creation. However, it highlights the importance of analyzing financial data to gauge the viability of these ventures.
Episode#103 with Tai Lopez - Tai Lopez Opens Up About His Past and Addresses Critics
PodcastMy First Million
Two friends discuss the morality of cutting off a pinky for a million dollars and brainstorm interesting ideas with guests on a podcast.
38:26 - 41:05 (02:39)
Summary
Two friends discuss the morality of cutting off a pinky for a million dollars and brainstorm interesting ideas with guests on a podcast.
Episode#103 with Tai Lopez - Tai Lopez Opens Up About His Past and Addresses Critics
PodcastMy First Million
The speaker talks about his experience selling life insurance and investments, including the success stories of some of his colleagues who have been in the business for over 20 years and earn up to $40,000 a week.
41:05 - 44:57 (03:51)
Summary
The speaker talks about his experience selling life insurance and investments, including the success stories of some of his colleagues who have been in the business for over 20 years and earn up to $40,000 a week.
Episode#103 with Tai Lopez - Tai Lopez Opens Up About His Past and Addresses Critics
PodcastMy First Million
The speaker talks about collaborating with H3H3 on a viral video that received a lot of attention and still gets people asking if lawyers are following them around.
44:57 - 47:35 (02:38)
Summary
The speaker talks about collaborating with H3H3 on a viral video that received a lot of attention and still gets people asking if lawyers are following them around.
Episode#103 with Tai Lopez - Tai Lopez Opens Up About His Past and Addresses Critics
PodcastMy First Million
The speaker shares insights on how to make effective marketing by considering props, having a calculated approach, and iterating to improve the strategy.
47:36 - 51:09 (03:33)
Summary
The speaker shares insights on how to make effective marketing by considering props, having a calculated approach, and iterating to improve the strategy.
Episode#103 with Tai Lopez - Tai Lopez Opens Up About His Past and Addresses Critics
PodcastMy First Million
The speaker shares how the 67-step program became popular due to controversy caused by critical comments on Reddit, leading intelligent individuals to watch it; however, the popularity caused mixed reactions.
51:09 - 54:04 (02:55)
Summary
The speaker shares how the 67-step program became popular due to controversy caused by critical comments on Reddit, leading intelligent individuals to watch it; however, the popularity caused mixed reactions.
Episode#103 with Tai Lopez - Tai Lopez Opens Up About His Past and Addresses Critics
PodcastMy First Million
The speaker talks about his experience starting a business podcast and the valuable lesson his mentor taught him about never being afraid to charge for the value he provides.
54:04 - 59:25 (05:20)
Summary
The speaker talks about his experience starting a business podcast and the valuable lesson his mentor taught him about never being afraid to charge for the value he provides. He also shares his intention to talk to everyday people about business topics.
Episode#103 with Tai Lopez - Tai Lopez Opens Up About His Past and Addresses Critics
PodcastMy First Million
The service-based industry is worth trillions of dollars, yet remains a fragmented market.
59:25 - 1:04:15 (04:50)
Summary
The service-based industry is worth trillions of dollars, yet remains a fragmented market. With the demand for essentials like food and shelter increasing, construction and housing industries are also set to thrive.
Episode#103 with Tai Lopez - Tai Lopez Opens Up About His Past and Addresses Critics
PodcastMy First Million
The game of business is multifaceted, and it is impossible for any individual to have a full encompassing body of knowledge.
1:04:15 - 1:09:49 (05:33)
Summary
The game of business is multifaceted, and it is impossible for any individual to have a full encompassing body of knowledge. However, there is always something new to learn even from people considered to be unethical such as Rockefeller and the Ross trials.
Episode#103 with Tai Lopez - Tai Lopez Opens Up About His Past and Addresses Critics
PodcastMy First Million
The podcast host and guest discuss the criticism that teaching entrepreneurship may be viewed as hypocritical by those who have not yet succeeded in their own ventures and argue that teaching fundamental principles can still be beneficial regardless of personal outcomes.
1:09:49 - 1:14:37 (04:47)
Summary
The podcast host and guest discuss the criticism that teaching entrepreneurship may be viewed as hypocritical by those who have not yet succeeded in their own ventures and argue that teaching fundamental principles can still be beneficial regardless of personal outcomes.
Episode#103 with Tai Lopez - Tai Lopez Opens Up About His Past and Addresses Critics
PodcastMy First Million
The saying "all unhappy families are unhappy in their own way" contrasts with happy families, who are all happy in the same way.
1:14:37 - 1:16:45 (02:07)
Summary
The saying "all unhappy families are unhappy in their own way" contrasts with happy families, who are all happy in the same way.
Episode#103 with Tai Lopez - Tai Lopez Opens Up About His Past and Addresses Critics
PodcastMy First Million
The speaker challenges the idea of "get rich quick" schemes, and discusses how people can make a living online through critiquing and offering courses; he also suggests taking his course on dark triads to avoid negative influences.
1:16:45 - 1:20:47 (04:01)
Summary
The speaker challenges the idea of "get rich quick" schemes, and discusses how people can make a living online through critiquing and offering courses; he also suggests taking his course on dark triads to avoid negative influences. He claims that helping people start businesses can benefit societies by creating more job opportunities.
Episode#103 with Tai Lopez - Tai Lopez Opens Up About His Past and Addresses Critics
PodcastMy First Million
The host discusses the use of LSD for anxiety and creative inspiration.
1:20:47 - 1:23:37 (02:50)
Summary
The host discusses the use of LSD for anxiety and creative inspiration. He also touches on personal experiences and the weird things he talks about on his podcast.
Episode#103 with Tai Lopez - Tai Lopez Opens Up About His Past and Addresses Critics
PodcastMy First Million
The podcast discusses business strategies and how they can either succeed or fail in achieving strong revenue or profits.
1:23:38 - 1:29:05 (05:26)
Summary
The podcast discusses business strategies and how they can either succeed or fail in achieving strong revenue or profits. The authenticity of owning a company that generates a profit also comes into question.
Episode#103 with Tai Lopez - Tai Lopez Opens Up About His Past and Addresses Critics
PodcastMy First Million
In this podcast, the speaker talks about unconventional business strategies and how sometimes it's necessary to take a different approach to succeed.
1:29:05 - 1:36:19 (07:13)
Summary
In this podcast, the speaker talks about unconventional business strategies and how sometimes it's necessary to take a different approach to succeed. He gives an example of his experience with Google AdWords in the early 2000s.
Episode#103 with Tai Lopez - Tai Lopez Opens Up About His Past and Addresses Critics
PodcastMy First Million
Tai Lopez encourages people to focus on learning from others instead of hating them.
1:36:19 - 1:40:04 (03:45)
Summary
Tai Lopez encourages people to focus on learning from others instead of hating them. He encourages people to focus on what they can learn from someone and not on their flaws.