The Almanack Of Naval Ravikant - Deepstash

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Seek Wealth, Not Money or Status

Seek Wealth, Not Money or Status

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.

100

1.57K reads

Ignore Status Games, Own Equity

Ignore Status Games, Own Equity

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

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.

90

1.28K reads

Give Society What It Wants

Give Society What It Wants

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

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

104

1.16K reads

Leverage the Internet's Opportunities

Leverage the Internet's Opportunities

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

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

84

1.1K reads

Choose Business Partners Wisely

Choose Business Partners Wisely

Pick business partners with high intelligence, energy, and, above all, integrity.

Don't partner with cynics and pessimists. Their beliefs are self-fulfilling.

86

1.07K reads

Master Sales and Building

Master Sales and Building

  1. Learn to sell.
  2. Learn to build.

If you can do both, you will be unstoppable.

93

1.08K reads

Embrace Specific Knowledge

Embrace Specific Knowledge

Specific knowledge is knowledge that you cannot be trained for. If society can train you, it can train someone else, and replace you.

When specific knowledge is taught, it’s through apprenticeships, not schools.

Specific knowledge is often highly technical or creative. It cannot be outsourced or automated.

99

963 reads

Archimedes

Give me a lever long enough, and a place to stand, and I will move the earth.

ARCHIMEDES

98

1.47K reads

Fortunes Require Leverage

Fortunes Require Leverage

Fortunes require leverage. Business leverage comes from capital, people, and products with no marginal cost of replication (code and media).

83

1.12K reads

Wealth's True Nature

Wealth's True Nature

When you're finally wealthy, you'll realize that it wasn't what you were seeking in the first place. But that's for another day.

81

932 reads

Apply Specific Knowledge with Leverage

Apply Specific Knowledge with Leverage

Apply specific knowledge with leverage, and eventually you will get what you deserve.

There are no get rich quick schemes. That's just someone else getting rich off you.

87

935 reads

Becoming the Best

Becoming the Best

Become the best in the world at what you do. Keep redefining what you do until this is true.

Work as hard as you can. Even though who you work with and what you work on are more important than how hard you work.

96

886 reads

Set and Enforce Your Hourly Rate

Set and Enforce Your Hourly Rate

Set and enforce an aspirational personal hourly rate. If fixing a problem will save less than your hourly rate, ignore it. If outsourcing a task will cost less than your hourly rate, outsource it.

100

905 reads

Reading, Doing, Succeeding

Reading, Doing, Succeeding

Reading is faster than listening. Doing is faster than watching.

100

985 reads

IDEAS CURATED BY

gaurav_37

#gratitude

CURATOR'S NOTE

How to Get Rich (without getting lucky):

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