The Almanack of Naval Ravikant - Deepstash

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How to get rich?

  • Seek wealth not money or Status - Status and money is zero-sum game but creating wealth is not zero-sum game. Wealth is having assets that make money while you sleep.
  • You’ll get rich by giving society what it wants but doesn’t know yet how to get, at scale.
  • All the returns in life be it wealth, relationships, knowledge (should) compounds over time.
  • Don’t upgrade your lifestyle right after or frequently after increasing income.

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Discover your Specific Knowledge.

  • Arm yourself with your specific knowledge, accountability and leverage.
  • Specific knowledge is generally a highly technical or a creative skill.
  • Your specific knowledge will help you to escape competition through authenticity.
  • Earn with your mind not time.

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Value your time.

  • Value your time by hourly rate, if a work costs more than your hourly rate, outsource it or don’t do it.
  • Bigger the creative/non-repetitive component of a work, more the opportunity of the gap between input (efforts/time) and output (returns).

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How to learn?

  • Teaching forces learning.
  • If you’re memorizing advanced concepts without being able to re-derive them as needed, you’re lost.

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How to live life?

  • Things to think most about: where to live, with whom to be in relationship with, what job to do.
  • Retirement is when you stop sacrificing today for an imaginary future.
  • Easy choices, hard life. Hard choices, easy life.
  • A metric of good life or freedom: how much of the day is spent doing things out of interest rather than out of obligation.
  • Wisdom is understanding the long term consequences of your actions.

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How to be lucky?

  • Creating more opportunities through hard work and persistence.
  • Becoming good at spotting luck like a lucky break or building a unique character/brand when luck/opportunities find you.

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How to be happy?

  • Happiness is really a default state, happiness is there when you remove the sense of something missing in your life.
  • More desires, less happiness if you can’t fulfil them. Choose one big desire in life at any given time to give yourself purpose and motivation.
  • The more present you are, the more happy you are.
  • Peace is happiness at rest, and happiness is peace in motion. You can convert them anytime you want.
  • Try to eliminate as many 'shoulds' in your life, real happiness is when you do everything you want to do not should do.
  • The world just reflects your own feelings back at you.

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How to get peace of mind?

  • You don't want peace of mind, you want peach from mind. Remove the mind's chattering and you will get peace.
  • Use meditation, exercise and music to reset your mood.
  • For every annoyance, build a habit of thinking what is the positive thing about it.
  • A busy mind accelerates the passage of subjective time.
  • If you don’t want the 100% swap with the person, there is no point in being jealous.
  • If you’re evenly split on a difficult decision, take the path more painful in the short term. Short term suffering, long time gain.

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IDEAS CURATED BY

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