Seek Wealth Not Status, build your own luck - Deepstash
How To Get Rich Naval - Every Episode

Learn more about startup with this collection

Why happiness is the ultimate goal

The importance of creating value

How to create wealth in the modern era

How To Get Rich Naval - Every Episode

Discover 90 similar ideas in

It takes just

12 mins to read

Seek Wealth Not Money or Status

Seek Wealth Not Money or Status

Wealth is assets that earn while you sleep.

It’s the factory of robots cranking out things. Wealth is the computer program running at night that’s serving other customers. Wealth is money in the bank that is reinvested into other assets and businesses.

A house can be a form of wealth because you can rent it out; although that’s a less productive use of land than running a commercial enterprise.

You want wealth because it buys you the freedom you don’t have to wear a tie like a collar around your neck; so you don’t have to wake up at 7:00 a.m. to rush to work and sit in commute traffic.


2.54K reads

Status is your rank in the social hierarchy

There are fundamentally two huge games in life that people play. One is the money game.

Money is not going to solve all of your problems, but it’s going to solve all of your money problems.

Many people believe they can’t make it; so they don’t want any wealth creation to happen. They virtue signal by attacking the whole enterprise, saying, “Well, making money is evil. You shouldn’t do it.”

But they’re actually playing the other game, which is the status game. They’re trying to be high status in the eyes of others by saying, “Well, I don’t need money. We don’t want money.” 


1.87K reads

Status is a very old game and a zero-sum game.

Status is a very old game and a zero-sum game.

We’ve been playing it since monkey tribes. It’s hierarchical. Who’s number one? Who’s number two? Who’s number three? And for number three to move to number two, number two has to move out of that slot. So, status is a zero-sum game.

Politics is an example of a status game.

They play an important role in our society, so we can figure out who’s in charge. But you play them because they’re a necessary evil.

To win at a status game you have to put somebody else down. That’s why you should avoid status games in your life because they make you into an angry combative person 


1.35K reads

Make Abundance for the World

Make Abundance for the World

Wealth isn’t about taking something from somebody else

Ethical wealth creation makes abundance for the world.

Most of the wealth in civilization, in fact, all of it, has been created. It got created from somewhere. It got created from people. It got created from technology. It got created from productivity. It got created from hard work. This idea that it’s stolen is this horrible zero-sum game that people who are trying to gain status play.


1.38K reads

Everyone can be rich

 We can see that by seeing, that in the First World, everyone is basically richer than almost anyone who was alive 200 years ago.

The engine of technology is the science that is applied for the purpose of creating abundance. So, I think fundamentally everybody can be wealthy.

Imagine if everybody had the knowledge of a good software engineer and a good hardware engineer. If you could go out there, and you could build robots, and computers, and bridges, and program them. Let’s say every human knew how to do that.

We would all be then living in massive abundance.


1.32K reads

Free Markets Are Intrinsic to Humans

Free Markets Are Intrinsic to Humans

Capitalism is not something we invented. It is in us in every exchange that we have.

When you and I exchange information, I want some information back from you. I give you the information. You give me information. If we weren’t having a good information exchange, you’d go talk to somebody else. So, the notion of exchange, and keeping track of credits and debits, is built into us as flexible social animals.

It is innate to the human species, and we are going to create more and more wealth and abundance for everybody.


1.09K reads

Too many takers and not enough makers will plunge society into ruin

There are countries, groups, political parties that overtly despise wealth. In the process to destroy wealth creation, they drag everybody down to their level.

Groups that despise it will essentially bring the entire group to that level. If you get too many takers and not enough makers, society falls apart. You end up in a communist country.

Another way to think about it is to imagine an organism that has too many parasites. You need a small number of parasites to stay healthy.

Any organism can only withstand a small number of parasites. When the parasitic element gets out of control, you die.


908 reads

There are 4 kinds of luck

There are 4 kinds of luck

  1. Blind Luck: It's where you just got lucky because something completely out of my control happened. That’s fortune, that’s fate.
  2. Luck from Hustling: When you’re running around creating lots of opportunities, you’re generating a lot of energy, enough energy that luck will find you.
  3. Luck from preparation: If you are very skilled in a field, you will notice when a lucky break happens in that field. So you become sensitive to luck and that’s through skill and knowledge and work.

And the 4th type of luck is...


1.16K reads

Luck from your unique character

This is where you build a unique character, a unique brand, a unique mindset, where then luck finds you.

Let’s say that you’re the best person in the world at deep-sea underwater diving. You’re known to take on deep-sea underwater dives that nobody else will even attempt to dare.

By sheer luck, somebody finds a sunken treasure ship off the coast. They can’t get it. Well, their luck just became your luck, because they’re going to come to you to get that treasure. You’re going to get paid for it. 

You created your own luck. You put yourself in a position to be able to capitalize on that luck.


933 reads

Wealth stacks up one chip at a time, not all at once

Wealth stacks up one chip at a time, not all at once

It stacks up a little bit, chips at a time. More options, more businesses, more investments, more things that you can do.

It’s not like your one piece of work is going to suddenly shower you with riches overnight. It’s going to be a long lifetime of learning, of reading, of creating that’s going to compound.

Thanks to the Internet these days, though, opportunities are massively abundant. 

There are just so many ways to create wealth, to create products, to create businesses, to create opportunities, and to, as a byproduct, get paid by society that I can’t even handle it all.


766 reads

Build your character so opportunity finds you.

Build your character so opportunity finds you.

One of the things I think that is important to making money when you want is the kind of reputation that makes people do deals through you.

If you’re a trusted, reliable, high-integrity, long-term thinking deal maker, then when other people want to do deals but they don’t know how to do them in a trustworthy manner with strangers, they will literally approach you and give you a cut of the deal or offer you a unique deal just because of the integrity and reputation that you have built up.


818 reads

You Won’t Get Rich Renting Out Your Time

In almost any salaried job, even at one that’s paying a lot per hour like a lawyer, or a doctor, you’re still putting in the hours, and every hour you get paid.

What that means is when you’re sleeping, you’re not earning. When you’re retired, you’re not earning. When you’re on vacation, you’re not earning.

Renting out your time means you are not creating much original for society. And so your set roles can be taught. If they can be taught like in a school, then eventually you’re gonna be competing with someone who’s got more recent knowledge and is coming in to replace you.


889 reads

Gain equity and find a career where your inputs don't match your outputs.

Gain equity and find a career where your inputs don't match your outputs.

Everybody who really makes money owns a piece of a product, or a business, or some IP. That can be through stock options, working at a tech company. But real wealth is created by starting your own companies, or by even investors.

One great engineer can for eg create bitcoin, and create billions of dollars worth of value. And an engineer who is working on the wrong thing can work for an entire year, and every piece of code they ship ends up not getting used.

That is an example of a profession where the input and the outputs are disconnected. It’s not the number of hours that you put in


772 reads

Live Below Your Means for Freedom

Live Below Your Means for Freedom

People who are living far below their means enjoy a freedom that people busy upgrading their lifestyles just can’t fathom.

Once you make a little bit of money, you still want to be living like your old self, so that just the worry goes away. So, don’t run out to upgrade that house, and lifestyle, and all that stuff.


1.1K reads


The most dangerous things are heroin and a monthly salary.



1.51K reads



IT consultant

Ready for the next level?

Read Like a Pro


Explore the World’s

Best Ideas

200,000+ ideas on pretty much any topic. Created by the smartest people around & well-organized so you can explore at will.

An Idea for Everything

Explore the biggest library of insights. And we've infused it with powerful filtering tools so you can easily find what you need.

Knowledge Library

Powerful Saving & Organizational Tools

Save ideas for later reading, for personalized stashes, or for remembering it later.

# Personal Growth

Take Your Ideas


Organize your ideas & listen on the go. And with Pro, there are no limits.

Listen on the go

Just press play and we take care of the words.

Never worry about spotty connections

No Internet access? No problem. Within the mobile app, all your ideas are available, even when offline.

Get Organized with Stashes

Ideas for your next work project? Quotes that inspire you? Put them in the right place so you never lose them.


2 Million Stashers


5,740 Reviews

App Store


72,690 Reviews

Google Play

Sean Green

Great interesting short snippets of informative articles. Highly recommended to anyone who loves information and lacks patience.

Ashley Anthony

This app is LOADED with RELEVANT, HELPFUL, AND EDUCATIONAL material. It is creatively intellectual, yet minimal enough to not overstimulate and create a learning block. I am exceptionally impressed with this app!

Shankul Varada

Best app ever! You heard it right. This app has helped me get back on my quest to get things done while equipping myself with knowledge everyday.


Don’t look further if you love learning new things. A refreshing concept that provides quick ideas for busy thought leaders.

Ghazala Begum

Even five minutes a day will improve your thinking. I've come across new ideas and learnt to improve existing ways to become more motivated, confident and happier.

Giovanna Scalzone

Brilliant. It feels fresh and encouraging. So many interesting pieces of information that are just enough to absorb and apply. So happy I found this.

Laetitia Berton

I have only been using it for a few days now, but I have found answers to questions I had never consciously formulated, or to problems I face everyday at work or at home. I wish I had found this earlier, highly recommended!

Jamyson Haug

Great for quick bits of information and interesting ideas around whatever topics you are interested in. Visually, it looks great as well.

Read & Learn

20x Faster





Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving & library

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Personalized recommendations


Claim Your Limited Offer

Get Deepstash Pro

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.


I agree to receive email updates