The Almanack Of Naval Ravikant Summary

Money doesn't buy happiness - it buys freedom.

Spend less than you earn—invest the surplus—avoid debt.

Do simply this and you’ll wind up rich. Not just in money.

• Happiness = Health + Wealth + Good Relationships
• Health = Exercise + Diet + Sleep
• Exercise = High Intensity Resistance Training + Sports + Rest
• Diet = Natural Foods + Intermittent Fasting + Plants
• Sleep = No alarms + 8–9 hours + Circadian rhythms
• Wealth = Income + Wealth * (Return on Investment)
• Income = Accountability + Leverage + Specific Knowledge
• Accountability = Personal Branding + Personal Platform+ Taking Risk
• Specific Knowledge = Knowing how to do something society cannot yet easily train other people to do

• Leverage = Capital + People + Intellectual Property
• Return on Investment = “Buy-and-Hold” + Valuation + Margin of Safety
• Be present above all else.
• Desire is suffering. (Buddha)
• If you can’t see yourself working with someone for life, don’t work with them for a day.
• Reading (learning) is the ultimate meta-skill and can be traded for anything else.
• All the real benefits in life come from compound interest.
• Earn with your mind, not your time.

• Truth is that which has predictive power.
• Watch every thought. (Ask “Why am I having this thought?”)
• All greatness comes from suffering.
• Love is given, not received.
• Enlightenment is the space between your thoughts. (Eckhart Tolle)
• Mathematics is the language of nature.
• Total honesty at all times. It’s almost always possible to be honest and positive.
• Praise specifically, criticize generally. (Warren Buffett)

• Making money is not a thing you do - it's a skill you learn.
• Getting rich is about knowing what to do, who to do it with, and when to do it.
• You’re not going to get rich renting out your time. You must own equity — a piece of business — to gain your financial freedom.
• Arm yourself with specific knowledge, accountability, and leverage.

• Specific knowledge cannot be taught, but it can be learned.
• Specific knowledge is found much more by pursuing innate talents, your genuine curiosity, and your passion. 
• You do need to be deep in something because otherwise you’ll be a mile wide and an inch deep and you won’t get what you want out of your life. 

Humanity has used several forms of leverage to create wealth through history, Naval Ravikant summarizes them into four kinds: Labour, Capital, Media and Code.

Besides leverage, the way we put work into our careers and projects can also be divided into two categories, which are Time-based work and Iterations-based work.

In this Thread I'm going to dissect these categories, go through how we can use this knowledge to find our own way to generate wealth and show how it can be permissionless and not solely based on hard work.

Leverage is about disconnecting your inputs from your outputs, or increasing the ratio between one and the other.

For example, if you're a lumberjack and work by yourself, 8 hours of work will equal roughly "8 hours worth" of output, depending on your physical capacity and experience.

However, if you were to hire a team to work for or with you, you'd be leveraging your work though labour, and increasing the ratio of results to hours put in.

Labour

• The oldest form of leverage, existing ever since feudal societies.
• Permissioned leverage, requires people to work for or with you.
• Hard to manage, requires great people management skills.

Capital

• The form of leverage behind the rich of the previous generations
• Permissioned leverage, requires acquisition of money from other people.
• Good credit can greatly facilitate access to this form of leverage, though it can be risky.

• Your breath is one of the few places where your autonomic nervous system meets your voluntary nervous system.
• Relaxed breathing tells your body you're safe.
• Then, your forebrain doesn't need as many resources as it normally does.
• Now, the extra energy can be sent to your hindbrain and it can reroute those resources to the rest of your body.

Everything that canbe learned or taught can be automated or replaced some or the other day

It can be doctors,engineers etc they all can be replaced by a better one

You need to work over skills that are hard to automate and replaced

You cannot replace warren buffet

You cannot replace bill gates

You cannot replace their idealogies

It is the value that you create that no one else is doing

This book is a ' guide to succesful career' if properly implemented.

GETTING RICH IS ABOUT KNOWING WHAT TO DO, WHO TO DO IT WITH AND HOW TO DO IT.

All the returns in life come from compound interest.

Learn to SELL. Learn to BUILD. You'll become unstoppable.

Desire is a contract you make with yourself to be unhappy until you get what you

A happy person isn't somebody who is happy all the time, it's someone who effortlessly interpretes events in such a way that they don't lose their innate peace