How to get rich: Common failures - Deepstash
How To Get Rich Naval - Every Episode

Learn more about personaldevelopment with this collection

Why happiness is the ultimate goal

The importance of creating value

How to create wealth in the modern era

How To Get Rich Naval - Every Episode

Discover 90 similar ideas in

It takes just

17 mins to read

How to get rich: Common failures

  • People often don't understand what specific knowledge is or how to get it. 
  • People don't understand what accountability consists of. It means you have to be willing to fail publicly. You have to let people criticise you.
  • Don't refuse to do things just because other's can't. Work with the hand you're dealt with. Then use it to fix the world.

104

1.05K reads

MORE IDEAS ON THIS

Ethics is something you do

Everyone has a personal moral code. When you are in business long enough, you'll realise that much of it is about trust. You don't want to reevaluate every discussion or continually look over your shoulder. 

When you are ethical, you'll attract other long-t...

96

837 reads

Working for yourself

Anybody who wants to be entrepreneurial and wants to reliably improve their ability to create wealth is patient and looking at it from a long-term view.

Pay attention to who is getting leverage off of the work you're doing. Look who's above you and above th...

98

952 reads

Productize yourself

Find out what is unique to you that you're good at and apply leverage. Ask if what you do is authentic to you. And then, ask if you are productising it. Are you scaling it with labour or capital or code or media?

So, making money is not a skill. It is who you are, done a million tim...

119

1.11K reads

Principal-Agent Problem

A principal is an owner. An agent is an employee.

The principal's incentives differ from the agent's incentives. The business owner wants what's best for the business and what will make the business successful. The agent wants what will look good to the principal or make th...

100

778 reads

Envy cuts both ways

Envy can motivate you to find the right thing. If you're doing work that you don't like, envy can motivate you to find something better.

But it can also eat you if you let it follow you your entire life.

90

848 reads

Get rich quick schemes

If there was a quick way to get rich, it's already been exploited. If someone is selling you a get rich quick schemes such as crypto or an online business or seminar, that's often their scheme to get rich by making money off you.

If anyone is giving advice on how to...

103

1.11K reads

Work on your internal state

Work on your internal state

When you become wealthy, you'll realise that you were not really looking for it in the first place. You're still the same person. If you're happy, you're happy. If you're unhappy, you will still be unhappy. 

Most importantly, you can't buy a fit body, a calm mind, and a house filled with lo...

123

1.29K reads

Discover what you're good at

Discover what you're good at

You generally will do better in a smaller organisation as you will have more accountability and your work will be more visible. You're likely to try different things, which can help you discover what you're uniquely good at. 

The long-term goal is to work for ourselves. Peo...

102

844 reads

CURATED FROM

CURATED BY

karlabro

Maintenance engineer

Related collections

More like this

Rich people 

Rich people are not all obsessed with money. Some talk about money but they understand that their money does not equate to their inherent value. They don't act entitled to anything. They work hard for what they want.

It is called class. You can't buy it. If you find yourself with a friend l...

How to Develop Habits

  • Focus on just one habit, for 30 days.
  • Put it on paper, together with your motivations, obstacles, and strategies for overcoming them.
  • Commit fully, preferably in a public way.
  • Track your progress.
  • Remain publicly accountable — re...

How to deal with a hothead

How to deal with a hothead

First off, you can't get angry too because then there are two angry people.

Tell yourself they are having a bad day. Don't try to shut them up or talk over them. It doesn't work. Instead, listen actively. Don't judge or analyze what the person is saying at first. Just try to un...

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving & library

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Personalized recommendations

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.

Email

I agree to receive email updates