Tai Lopez
speaker
103 appearances
1 recordings
1 series
first heard Nov 2024
last heard Nov 2024
Tai Lopez’s voice in public audio — every appearance, attributed to the second.
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Appearances
Right.
By the way, that reminds me. I got to ask you about a manufacturer. See, there you go.
Dan has a lot of stuff in his head. Dan's a connector. People think I'm a connected dude. I'm like, Dan probably got me beat.
The other day somebody hired some guy. I was like, ah, red alert. Pull back, pull back, retreat. You know, by the way, the best argument ever of a mastermind that created the most wealth in history
they didn't call a mastermind it's now called the paypal mafia yes and elon musk joined this group of people he had sold his first company for about 30 million he reinvested the money back and merged into paypal with peter thiel but if you look at a photo of the paypal mafia a whole bunch of smart business people basically living or meeting together every day in a mastermind setting big room talking
23 of them. Elon was one of 23. The other guys, Ken Howery, friend of mine, him and Peter Thiel started Founder Fund, the second largest VC fund. They funded everybody. They funded Uber, Airbnb. So you had Ken Howery, Peter Thiel, some people say the highest IQ businessman on earth right now, worth 10 bill. The two guys in that PayPal mafia went on to found a small company called YouTube.
So the two co-founders of YouTube came out of there. A guy started a business social networking platform named LinkedIn. He sold it for a bill. Reid Hoffman was in there. And the founder of Palantir, one of the biggest tech companies, the founder of Yelp.
So when we see Elon Musk, we go, oh, the richest man on earth, 250 billion net worth. Oh, he's just a guy who sits in a room. Has great ideas. I could never be like him. No, no, no, no. His inception, the beginning of real wealth for him, was being in a mastermind network. Now, if you could mastermind every day, it's better. It's not realistic for everybody.
But he was masterminding every day for years with some of the people who became and were at the time the highest IQ business people. So you have to create your own PayPal mafia. The mastermind me and you are doing is... moves people towards that. It's our version of PayPal mafia.
I don't know if it's I hope it produces, you know, 20 billionaires out of it or whatever 10 billionaires, but the point being you have to if you don't have a PayPal mafia, you will be born and die with half the net worth you could have had half maybe a 10%. So for me, a mastermind in networking is not optional. There's no smart dude. Once again, going back that dinner with Steve Ballmer,
250 – now he's worth $150 billion. He owns 5% of Microsoft, $3 trillion company. I asked him. I said, you know, wealth, it's like do you deserve all this kind of thing at dinner? He's like, well, you know, I'm a smart guy. I would have been wealthy. But if I hadn't met these two guys, Paul Allen and Bill Gates –
wouldn't be worth 150 billion so he was like the connections i made created my wealth and by the way mark zuckerberg who's the youngest wealthiest person he mark zuckerberg was the only person in history worth 100 billion under age 37 And Zuckerberg, he networked. He had all these smart people. He also networked and had Steve Jobs as his mentor in his mastermind.
Your mentors can be in your mastermind. People don't know. He had Steve Jobs guiding him from like 2008 to when Steve Jobs died. So years of mastermind. So behind every Forbes list billionaire, if you dig into this story, there's a mastermind. And so when I meet entrepreneurs that are doing 1 million, 5 million, 10 million, and I'm like, who's your mastermind? Like, oh, I don't need one.
I'm like, bro, let me get this straight. You're smarter than Elon Musk. You're smarter than the whole Forbes list. Warren Buffett said, I wouldn't have been that wealthy if I hadn't met this guy, Charlie Munger. He met him at like a group thing, like a conference, and he met this guy. They eventually became partners. Before then, Warren Buffett was working twice as hard and making half the money.
And he's like, I met this guy, Charlie Munger. A great book on this, if you want the actual science, is by Jim Collins. He wrote a series of books, Good to Great, generally considered the most respected.
modern business book he's like the modern Peter Drucker in his research of highly successful high net worth individuals he was surprised he called he said I thought it would be a what event meaning somebody had an invention and thought of something he said what it turned out to be was a who event This guy met this other guy. Steve Jobs met Wozniak.
When Steve Jobs was young, his neighbor was the founder of Hewlett-Packard. So when Jim Collins, who's a researcher, one of the most respected business researchers, he said, wait, it's not somebody coming up with some idea. It's somebody meeting, connecting with another human. That's it. There's a lot of books on this. Working Together by Michael Eisner, the former... CEO of Disney.
He also says... It's a myth that solo people make the most money. It's people who either have joint ventures, partnerships, network, share ideas. By the way, we could just go back to Carnegie, 400 billion net worth, and he says he owed it all to his brain trust. That's another word for master. That's an 1800s word for brain trust, you know? I mean, that's an 1800s word for mastermind.
20 million brain trust. You can put it in sub-headline. Build your brain trust.
Yeah, because introversion, look, about half the world genetically is literally born on the more introverted side. If you look at, there's a modern science, more advanced, it's called Hexaco score. There's like the big five. Those are the old ones. The newest one's called Hexaco. In there, there's a...
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