Learn more about personaldevelopment with this collection
Understanding the importance of decision-making
Identifying biases that affect decision-making
Analyzing the potential outcomes of a decision
You’re not going to get rich renting out your time. You must own equity - a piece of a business - to gain your financial freedom.
NAVAL
35
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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
39
604 reads
Play iterated games. All the returns in life, whether in wealth, relationships, or knowledge, come from compound interest.
NAVAL
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473 reads
Understand that ethical wealth creation is possible. If you secretly despise wealth, it will elude you.
NAVAL
29
517 reads
Ignore people playing status games. They gain status by attacking people playing wealth creation games.
NAVAL
29
506 reads
The Internet has massively broadened the possible space of careers. Most people haven't figured this out yet.
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28
481 reads
32
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Ignore Status Games, Own Equity
Ignore people playing status games. They gain status by attacking people playing wealth creation games.
You’re not going to get rich renting out your time. You must own equity - a piece of a business - to gain your financial freedom.
Build or Buy Equity in a Business
If you don’t own a piece of a business, you don’t have a path towards financial freedom.
It’s ownership versus wage work. If you are paid for renting out your time, even lawyers and doctors, you can make some money, but you’re not going to make the money that gives you financial freedom. Y...
Prestige And Freedom
Being rich is about freedom, about independence and about being on your own. If you are filthy rich but still have to do things you hate doing, then that’s not real wealth. You are not poor if you don’t own a BMW and your neighbour does. But you are poor if you are not having the freedom to do wh...
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