The Almanack Of Naval Ravikant - Deepstash

Explore the World's Best Ideas

Join today and uncover 100+ curated journeys from 50+ topics. Unlock access to our mobile app with extensive features.

Understand How Wealth is Created

Understand How Wealth is Created

  • Making money isĀ not a thing you do - it's a skill you learn.
  • Getting rich is about knowing what to do, who to do it with, and when to do it.
  • Youā€™re not going to get rich renting out your time. You must own equity ā€” a piece of business ā€” to gain your financial freedom.
  • Arm yourself with specific knowledge, accountability, and leverage.

78

917 reads

Find and Build Specific Knowledge

Find and Build Specific Knowledge

  • Specific knowledge cannot be taught, but it can be learned.
  • Specific knowledge is found much more by pursuing innate talents, your genuine curiosity, and your passion.Ā 
  • You do need to be deep in something because otherwise youā€™ll be a mile wide and an inch deep and you wonā€™t get what you want out of your life.Ā 

74

743 reads

NAVAL RAVIKANT

ā€œEscape competition through authenticityā€

NAVAL RAVIKANT

78

712 reads

Build or Buy Equity in Business

Build or Buy Equity in Business

  • People seem to think you can create wealthā€”make money through work. Itā€™s probably not going to work.
  • Without ownership, when youā€™re sleeping, youā€™re not earning. When youā€™re retired, youā€™re not earning. When youā€™re on vacation, youā€™re not earning. And you canā€™t earn nonlinearly
  • If you donā€™t own equity in a business, your odds of making money are very slim.
  • The real wealth is created by starting your own companies or even by investing. In an investment firm, theyā€™re buying equity. These are the routes to wealth. It doesnā€™t come through the hours.

72

601 reads

Find a Position of Leverage

Find a Position of Leverage

  • The meaning of life is to do things for their own sake. Ironically, when you do things for their own sake, you create your best work.Ā 
  • The less you want something, the less youā€™re thinking about it, the less youā€™re obsessing over it, the more youā€™re going to do it in a natural way.Ā 
  • Knowledge workers function like athletes ā€” train and sprint, then rest and reassess.Ā 

67

594 reads

How to get Lucky

How to get Lucky

  • To get rich without getting lucky, we want to be deterministic. We donā€™t want to leave it to chance.Ā 
  • Build your character in a certain way, then your character becomes your destiny.Ā 
  • Be a maker who makes something interesting people want. Show your craft, practice your craft, and the right people will eventually find you.Ā 

70

576 reads

Be Patient

Be Patient

  • You have to enjoy it, and keep doing it. Donā€™t keep track, and donā€™t keep count because if you do, you will run out of time.Ā 
  • It takes time ā€” even once you have all of these pieces in place, there is an indeterminate amount of time you have to put in

67

512 reads

NAVAL RAVIKANT

"In an age of leverage, one correct decision can win everything"

NAVAL RAVIKANT

67

541 reads

How to Think Clearly

How to Think Clearly

  • The really smart thinker are clear thinkers. They understand the basics at a very, very fundamental level.
  • What you feel tells you nothing about the factsā€” it merely tells you something about your estimate of the facts.Ā 
  • Itā€™s actually really important to have empty space. If you donā€™t have a day or two every week in your calendar where youā€™re not always in meetings, and youā€™re not always busy, then youā€™re not going to be able to think.
  • Itā€™s only after youā€™re bored you have the great ideas. Itā€™s never going to be when youā€™re stressed, or busy, running around or rushed. Make the time.

73

483 reads

Collect Mental Models

Collect Mental Models

  • Mental models are really just compact ways to recall your own knowledge.
  • Reading science, math, and philosophy one hour per day will likely put you at upper echelon of human success.
  • What are the most efficient ways to build new mental models? ā€” Read a lot. Just read.

71

483 reads

Learning Happiness

Learning Happiness

  • The three big ones in life are wealth, health, and happiness. We pursue them in that order, but their importance is reverse.
  • Happiness is really a default state. Happiness is there when you remove the sense of something missing in your life.
  • A happy person isnā€™t someone whoā€™s happy all the time. Itā€™s someone who effortlessly interprets events in such a way that they donā€™t lose their innate peace.
  • Desire is a contract you make with yourself to be unhappy until you get what you want.

78

464 reads

Success Does Not Earn Happiness

Success Does Not Earn Happiness

  • Happiness is being satisfied with what you have. Success comes from dissatisfaction. Choose.
  • If youā€™re peaceful inside and out, that will eventually result in happiness.
  • You can get almost anything you want out of life, as long as itā€™s one thing and you want it far more than anything else.
  • Peace is happiness at rest, and happiness is peace in motion. You can convert peace into happiness anytime you want. If youā€™re a peaceful person, anything you do will be a happy activity

70

447 reads

Find Happiness in Acceptance

Find Happiness in Acceptance

  • In any situation in life, you always have three choices : you can change it, you can accept it, or you can leave it.
  • Pick one big desire in your life at any given time to give yourself purpose and motivation.
  • Acceptance looks like being okay whatever the outcome is. Itā€™s to be balanced and centered. Itā€™s to step back and to see the grander scheme of things.

71

421 reads

Choosing to Grow Yourself

Choosing to Grow Yourself

  • If thereā€™s something you want to do later, do it now. There is no ā€œlaterā€.
  • Set up systems, not goals.
  • Read everything you can.
  • Inspiration is perishable. When you have inspiration, act on it right then and there.Ā 
  • Sit and close your eyes for at least an hour a day. Make no efforts for something, make no effort against anything.
  • Value your time. Itā€™s all you have. As long as youā€™re doing what you want, itā€™s not a waste of your time.
  • A taste of freedom makes you unemployable. Once youā€™ve truly controlled your own fate, for better or for worse, youā€™ll never let anyone else tell you what to do.

77

435 reads

Live by your Values

Live by your Values

  • Much of finding great relationships, great coworkers, great lovers, wives, husbands, is finding other people where your value line up.
  • If your values line up, the little things donā€™t matter.
  • ā€œTo find a worthy mate, be worthy of a worthy mate.ā€

71

449 reads

IDEAS CURATED BY

kunjesh04

Raising the Standards

CURATOR'S NOTE

Things to know about Wealth and Happiness

ā€œ

Kunjesh 's ideas are part of this journey:

Managing Time Like a Pro

Learn more about motivationandinspiration with this collection

How to set achievable goals

How to manage time for personal and professional life

How to avoid distractions

Related collections

Different Perspectives Curated by Others from The Almanack Of Naval Ravikant

Curious about different takes? Check out our book page to explore multiple unique summaries written by Deepstash curators:

Discover Key Ideas from Books on Similar Topics

Exceptional

9 ideas

Exceptional

Daniel M. Cable

Choose Yourself

10 ideas

Choose Yourself

James Altucher

Hidden Potential

6 ideas

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Personalized microlearning

ā€”

100+ Learning Journeys

ā€”

Access to 200,000+ ideas

ā€”

Access to the mobile app

ā€”

Unlimited idea saving

ā€”

ā€”

Unlimited history

ā€”

ā€”

Unlimited listening to ideas

ā€”

ā€”

Downloading & offline access

ā€”

ā€”

Supercharge your mind with one idea per day

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

Email

I agree to receive email updates