Ideas, facts & insights covering these topics:
14 ideas
·15.5K reads
64
1
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.
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 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
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
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
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
If you can do both, you will be unstoppable.
93
1.08K reads
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
98
1.47K reads
Fortunes require leverage. Business leverage comes from capital, people, and products with no marginal cost of replication (code and media).
83
1.12K reads
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, 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
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 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 is faster than listening. Doing is faster than watching.
100
985 reads
IDEAS CURATED BY
CURATOR'S NOTE
How to Get Rich (without getting lucky):
“
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
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Personalized microlearning
—
100+ Learning Journeys
—
Access to 200,000+ ideas
—
Access to the mobile app
—
Unlimited idea saving
—
—
Unlimited history
—
—
Unlimited listening to ideas
—
—
Downloading & offline access
—
—
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