You want to look for professions where the inputs and outputs are highly disconnected. You want to look for things that are leveraged.

People living far below their means enjoy a freedom people busy upgrading their lifestyle can’t fathom.

﻿You want to end up specializing in being you.

Find three hobbies: one that makes you money, one that makes you fit, one that makes you smarter.

Intro 0:00 Seek Wealth, Not Money or Status 1:30  Make Abundance for the World 6:40  Free Markets Are Intrinsic to Humans 10:21  Making Money Isn’t About Luck 14:19  Make Luck Your Destiny 19:25  You Won’t Get Rich Renting Out Your Time 24:00  Live Below Your Means for Freedom 28:40  Give Society What It Doesn’t Know How to Get 31:01  The Internet Has Massively Broadened Career Possibilities 33:44  Play Long-term Games With Long-term People 38:23  Pick Partners With Intelligence, Energy and Integrity 44:24  Partner With Rational Optimists 49:09  Arm Yourself With Specific Knowledge 54:34  Specific Knowledge Is Highly Creative or Technical 1:00:53  Learn to Sell, Learn to Build 1:06:24  Read What You Love Until You Love to Read 1:10:59  The Foundations Are Math and Logic 1:12:00  There’s No Actual Skill Called “Business” 1:16:48  Embrace Accountability to Get Leverage 1:20:06  Take Accountability to Earn Equity 1:25:37  Labor and Capital Are Old Leverage 1:30:06  Product and Media are New Leverage 1:35:01  Product Leverage is Egalitarian 1:39:42  Pick a Business Model With Leverage 1:44:56  Example: From Laborer to Entrepreneur 1:50:51  Judgment Is the Decisive Skill 2:01:15  Set an Aspirational Hourly Rate 2:07:41  Work As Hard As You Can 2:11:26  Be Too Busy to “Do Coffee” 2:16:34  Keep Redefining What You Do 2:20:38  Escape Competition Through Authenticity 2:22:41  Play Stupid Games, Win Stupid Prizes 2:28:17  Eventually You Will Get What You Deserve 2:30:53  Reject Most Advice 2:35:00  A Calm Mind, a Fit Body, a House Full of Love 2:37:55  There Are No Get Rich Quick Schemes 2:42:02  Productize Yourself 2:46:42  Accountability Means Letting People Criticize You 2:48:55  We Should Eventually Be Working for Ourselves 2:55:33  Being Ethical Is Long-Term Greedy 2:56:58  Envy Can Be Useful, or It Can Eat You Alive 3:00:23  Principal-Agent Problem: Act Like an Owner 3:03:51  Kelly Criterion: Avoid Ruin 3:10:33  Schelling Point: Cooperating Without Communicating 3:12:03  Turn Short-Term Games Into Long-Term Games 3:13:55  Compounding Relationships Make Life Easier 3:16:36  Price Discrimination: Charge Some People More 3:19:04  Consumer Surplus: Getting More Than You Paid For 3:20:14  Net Present Value: What Future Income Is Worth Today 3:21:03  Externalities: Calculating the Hidden Costs of Products 3:22:05  Bonus Material: Finding Time to Invest in Yourself 3:23:47 Transcript: https://nav.al/rich

personaldevelopment

Personal Development

Intro 0:00

Seek Wealth, Not Money or Status 1:51

Make Abundance for the World 7:00

Free Markets Are Intrinsic to Humans 10:39

Making Money Isn’t About Luck 14:37

Make Luck Your Destiny 19:41

You Won’t Get Rich Renting Out Your Time 24:16

Live Below Your Means for Freedom 28:55

Give Society What It Doesn’t Know How to Get 31:15

The Internet Has Massively Broadened Career Possibilities 33:58

Play Long-term Games With Long-term People 38:36

Pick Partners With Intelligence, Energy and Integrity 44:36

Partner With Rational Optimists 49:20

Arm Yourself With Specific Knowledge 54:44

Specific Knowledge Is Highly Creative or Technical 1:01:04

Learn to Sell, Learn to Build 1:06:34

Read What You Love Until You Love to Read 1:12:09

The Foundations Are Math and Logic 1:16:57

There’s No Actual Skill Called “Business” 1:20:15

Embrace Accountability to Get Leverage 1:25:45

Take Accountability to Earn Equity 1:30:13

Labor and Capital Are Old Leverage 1:35:08

Product and Media are New Leverage 1:39:49

Product Leverage is Egalitarian 1:45:03

Pick a Business Model With Leverage 1:50:12

Example: From Laborer to Entrepreneur 1:55:57

Judgment Is the Decisive Skill 2:01:21

Set an Aspirational Hourly Rate 2:07:47

Work As Hard As You Can 2:11:31

Be Too Busy to “Do Coffee” 2:16:38

Keep Redefining What You Do 2:20:42

Escape Competition Through Authenticity 2:22:45

Play Stupid Games, Win Stupid Prizes 2:28:21

Eventually You Will Get What You Deserve 2:30:57

Reject Most Advice 2:35:04

A Calm Mind, a Fit Body, a House Full of Love 2:37:59

There Are No Get Rich Quick Schemes 2:42:05

Productize Yourself 2:46:46

Accountability Means Letting People Criticize You 2:48:40

We Should Eventually Be Working for Ourselves 2:52:17

Being Ethical Is Long-Term Greedy 2:56:42

Envy Can Be Useful, or It Can Eat You Alive 3:00:07

Principal-Agent Problem: Act Like an Owner 3:03:36

Kelly Criterion: Avoid Ruin 3:10:18

Schelling Point: Cooperating Without Communicating 3:11:59

Turn Short-Term Games Into Long-Term Games 3:13:39

Compounding Relationships Make Life Easier 3:16:20

Price Discrimination: Charge Some People More 3:18:49

Consumer Surplus: Getting More Than You Paid For 3:19:59

Net Present Value: What Future Income Is Worth Today 3:20:47

Externalities: Calculating the Hidden Costs of Products 3:21:49

Bonus Material: Finding Time to Invest in Yourself 3:23:31

Transcript: https://nav.al/rich

How to Get Rich

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