The Almanack of Naval Ravikant

Name: The Almanack of Naval Ravikant
Author: Arghadip Chakraborty

Eric Jorgenson

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11.2K reads

Personal Development

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102

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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.

171

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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.

154

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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).

148

1.47K reads

How to learn?

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

156

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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.

176

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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.

141

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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.

177

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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.

164

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