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The Almanack of Naval Ravikant

The Almanack of Naval Ravikant

by Eric Jorgenson


817 reads

Naval Ravikant is an Indian-American serial entrepreneur, investor, and former CEO of AngelList. AngelList is a website designed to pair investors with startups. He has also invested early in companies like Uber, Twitter, and Postmates.

As a result, Naval has gained a wealth of experience. ...

According to Naval, wealth is not money. Money is the tool used to transfer wealth.

Instead, wealth is things that can earn for you and be productive, even while you sleep. Wealth is inventions, business ideas, computer programs, or products. People will buy and pay for these, even if you’r...

Everyone has talents, knowledge, and skills. To truly build wealth, you need to figure out which talents and skills you can use to your advantage. In particular, you want specific skills that not everyone has and that you can sell in some way or another.

You need to pursue your talents, hob...

You won’t be successful overnight. You have to build that success with compound interest in many ways.

Compound interest in money is how most people think about it, and it can be important. Growing your money through the magic of compound interest on investments is wonderful. Still, it’s no...

You need to gain leverage to help you apply your knowledge and talent in a way that helps you build wealth. The book itself is a form of leverage! With it, the author can teach principles to far more people than he would ever manage in a lecture hall.

Media and code are the top ways to use ...

Money is a necessity at a certain level, but you have the freedom to do what you want once you get past that point. You can retire, work, invest, invent or do anything else.

But how do you get there? There are three main ways to enjoy your life and your wealth creation.

First, you can...

Happiness is a matter of perspective and experience. What works for you may not work for someone else. But there are still some principles that remain the same across the board.

Naval believes that happiness is an absence of desire. It’s an absence of longing for things we don’t or can’t ha...

Like many other things, happiness is a skill. You can’t just be happy: you have to work at it and find something that works for you.

Everyone is different, and what makes one person happy may not work for another. Try things out and see what healthy habits make you happy. Once you find thos...

You need to take care of your health. This isn’t just your body; but your spirit, mind, and family’s health. But how do you do that?

Our modern world encourages so many distractions and unhealthy habits: from how we dress and move, to our activities, and how we eat. You need to make a consc...

To truly build and grow yourself, you have to commit to it. You can’t just give yourself a soft “I’ll do it someday” attitude; you have to commit to yourself and others. If you tell people that you’re going to do something to grow, they can help hold you to it.

Building yourself requires ha...

According to Naval, there are a few ways to look at the meaning of life. One is to view it through the purposelessness of everything. At the end of time, the universe will decay, and nobody will remember who you were or what you did.

That can be tough to accept, though. The other way to loo...

You must take care of yourself to be happy. This includes eating healthy, meditating, and regular exercise. Do these things, and the path to building wealth will be much more pleasant!

Wealth is important, but it isn’t the only key to happiness. You have to focus on building your skills, ha...

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