How to Get Rich (without getting lucky) by Naval Ravikant - Deepstash

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How to Get Rich (without getting lucky) by Naval Ravikant

How to Get Rich (without getting lucky) by Naval Ravikant

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NAVAL

Seek wealth, not money or status. Wealth is having assets that earn while you sleep. Money is how we transfer time and wealth. Status is your place in the social hierarchy.

NAVAL

Understand that ethical wealth creation is possible. If you secretly despise wealth, it will elude you.

NAVAL

Ignore people playing status games. They gain status by attacking people playing wealth creation games.

NAVAL

You’re not going to get rich renting out your time. You must own equity - a piece of a business - to gain your financial freedom.

NAVAL

You will get rich by giving society what it wants but does not yet know how to get. At scale

NAVAL

Pick an industry where you can play long term games with long term people

NAVAL

The Internet has massively broadened the possible space of careers. Most people haven't figured this out yet.

NAVAL

Play iterated games. All the returns in life, whether in wealth, relationships, or knowledge, come from compound interest.

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693 reads

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I started this book as any other self help book. However, it is different because Naval interconnects various concepts in a very clear way. Even though it's a small book. It will take more time to fully absorb his theories. Putting it out there so I can remember his words and embody the mindset.

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