The Almanack Of Naval Ravikant - Deepstash

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The Financial Freedom

The Financial Freedom

Money doesn't buy happiness - it buys freedom.

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1.55K reads

NAVAL RAVIKANT

Making money is not a thing you do —it’s a skill you learn

NAVAL RAVIKANT

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1.51K reads

Spend

Spend

Spend less than you earn—invest the surplus—avoid debt.

Do simply this and you’ll wind up rich. Not just in money.

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1.53K reads

Debt

Debt

Carrying debt is as appealing as being covered with leeches and has much the same effect.

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1.41K reads

Avoid

Avoid

Avoid fiscally irresponsible people. Never marry one or otherwise give him or her access to your money.

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1.36K reads

Own Things!

Own Things!

You own the things you own and they in turn own you.

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1.31K reads

Money And Freedom

Money And Freedom

Money can buy many things, but nothing more valuable than your freedom.

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1.23K reads

Choice

Choice

Life choices are not always about the money, but you should always be clear about the financial impact of the choices you make.

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1.22K reads

Small Portion

Small Portion

Save a portion of every rupee you earn or that otherwise comes your way.

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1.14K reads

Saving

Saving

The greater the percent of your income you save and invest, the sooner you’ll have F-You Money.

Try saving and investing 50% of your income. With no debt, this is perfectly doable.

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1.09K reads

Build Or Buy Equity In Business

Build Or Buy Equity In Business

If you don’t own a piece of a business, you don’t have a path towards financial freedom.

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1.04K reads

NAVAL RAVIKANTH

If you don’t own a piece of a business, you don’t have a path towards financial freedom.

NAVAL RAVIKANTH

82

986 reads

Stock

Stock

The stock market is a powerful wealth-building tool and you should be investing in it. But realize the market and the value of your shares will sometimes drop dramatically. This is absolutely normal and to be expected. When it happens, ignore the drops and buy more shares.

This will be much, much harder than you think. People all around you will panic. The news media will be screaming Sell, Sell,

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943 reads

Predict

Predict

Nobody can predict when these drops will happen, even though the media is filled with those who claim they can. They are delusional, trying to sell you something or both. Ignore them.

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975 reads

NAVAL RAVIKANT

Wealth creation is an evolutionarily recent positive-sum game. Status is an old zero-sum game. Those attacking wealth creation are often just seeking status.

NAVAL RAVIKANT

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1.08K reads

IDEAS CURATED BY

CURATOR'S NOTE

Money doesn't buy happiness - it buys freedom.

The Investing Monk 's ideas are part of this journey:

Daring To Be Vulnerable

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