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.
NAVAL
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Understanding the importance of decision-making
Identifying biases that affect decision-making
Analyzing the potential outcomes of a decision
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Seek Wealth, Not Money or Status
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.
"Wealth is having assets that earn while you sleep. Money is how we transfer time and wealth."
NAVAL RAVIKANT
Status Conflict
Status conflict is about where we fit in the hierarchy that we're in together.
For example: "I think I'm higher in this informal status hierarchy than you. And you think you're higher in this informal status hierarchy than me or we're equal, but you're acting like you...
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