#676 - Andy Elliott and Tai Lopez Dive Deep into the 6 Levers of Building Wealth

The Tai Lopez Show

Tai Lopez

Business

4.8 • 6.9K Ratings

🗓️ 7 January 2025

⏱️ 5 minutes

🔗️ Recording | iTunes | RSS

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Summary

What are the six levers of wealth?
1️⃣ Other people 2️⃣ Capital 3️⃣ Branding 4️⃣ Media 5️⃣ AI 6️⃣ Knowledge

Want to build wealth? Learn the 6 levers.

Elon Musk used all six to become the richest person in the world. The ultimate lever? Knowledge and who you surround yourself with. #WealthBuilding #SixLeversOfWealth"

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Transcript

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0:00.0	What are the six levers of wealth?
0:03.0	Yeah, so a lever by lever, I mean you put a little bit of work in and you make a lot of money.
0:08.0	So the lowest lever is other people.
0:11.0	So if you're good at hiring people, building a team, while you're sleeping, they're out making money for you.
0:17.0	It's good, but it's not great.
0:19.0	Lever two is capital.
0:20.0	We all know we live in a capitalistic society.
0:22.6	If you have money, you can invest it.
0:24.6	Other people do all the work, and hopefully you sell the company and make a lot of money.
0:28.6	Lever three is branding.
0:30.6	So if you have a good brand like Apple, they're naturally getting sales.
0:34.6	When they roll out a new iPhone, they don't even have to say anything in you.
0:38.0	My.
0:38.5	Lever 4 is you have what we now think of as media, which is social media.
0:46.8	You post one time a video, and what's your most watched video?
0:51.3	How many views you get?
0:52.1	Sixth bank you're fired.
0:53.6	How many views you think that got?
0:55.0	Hundreds of millions, maybe a billion.
0:57.0	Yeah, so I'll sell platforms.
0:59.0	Yeah, there's 4.5 billion people with smartphones.
1:02.0	So media's level are lever four, very powerful.
	...

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