"You're never going to get rich by renting your time."3 classes of leverage:<ul><li>Labor </li><li>Money</li><li>Products with no marginal cost of replication (books, media, code). They're permissionless.</li></ul>

● USE LEVERAGE

● Making money is not a thing you do, it's a skill you learn."You will get rich by giving society what it wants but does not yet know how to get. At scale"● The means of learning are abundant. It's a desire to learn that is scare. ● Read what you love untill you love read.

💡 EARN WITH YOUR MIND NOT YOUR TIME

Build a unique character, a unique brand, a unique mindset, which causes luck to find you.Put your name on it and take the risks. Earn credibility, build your reputation And people will pay for your judgment

● BUILD ACCOUNTABILITY

"The hardest thing is not doing what you want, it's knowing what you want.'Look for free yourself FROM....<ul><li>expectation</li><li>anger sadness</li><li>being forced to do things</li></ul>

● FREEDOM

At the end of the day, you are Combination of your habits and the people who you spend the most time with.Prioritize your health:<ul><li>Diet</li><li>Exercises </li><li>Cold exposure</li><li>Meditation</li></ul>"To have peace of mind, you have to have peace of body first."

● HABITS

Wisdom applied to external problems is judgment.Stay on the bleeding edge of study technology design, and art. Become really good at something.The really smart thinkers are clear thinkers. They understand the basics at a very fundamental level.

● BUILD JUDGMENT

Getting rich is about knowing what to do, who to do it with, when to do it. It is much more about understanding than purely hard work.● BUILD SPECIFIC KNOWLEDGE● USE LEVERAGE● BUILD JUDGMENT● LEARN MENTAL MODELS● BUILD ACCOUNTABILITY● DO HARD THINGS BE PATIENT● BE AUTHENTIC● PLAY THE RIGHT GAMES

💡PRINCIPLES OF WEALTH

Escape competition through authenticity."No one can compete with you on being you."Figure out what you were doing as a kid or teenager almost effortlessly. Something you didn't even consider a skill, but people around you noticed.

● BE AUTHENTIC

It cannot be trained.It is found by pursuing your genuine curiosity and passion.It will feel like play to you but will look like work to others."Become the best in the world at what you do. Keep redefining what you do until this is true."<a href="https://elevatedpath.beehiiv.com/subscribe">The Art of Habits</a> (It's free)

● BUILD SPECIFIC KNOWLEDGE

"Impatience with actions, patience with results."Go struggle! You have to do hard things to create your own meaning of life.Everybody wants to get rich immediately, but the world is an efficient place, immediate doesn't work. You have to put in the time

● DO HARD THINGS BE PATIENT

The state when nothing is missing, mind running into the past or future to regret something or to plan something. It's about the absence of desire, especially for external things.● HABITS● FREEDOM● RATIONAL BUDDHISM

💡 HAPPINESS

Mental models are really just compact ways for you to recall your own knowledge.Evolution, inversion, complexity theory. economics, principal-agent theory, compound interest, basic math, black swan, calculus, falsifiability

● LEARN MENTAL MODELS

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.<a href="https://elevatedpath.beehiiv.com/subscribe">The Art of Habits</a> (It's free)

💡 SEEK WEALTH NOT MONEY OR STATUS

"Play stupid games, win stupid prizes."Avoid Status Games. They make you into an angry, combative person. Always fighting to put other people down.

● PLAY THE RIGHT GAMES

Try everything, test it for yourself, be skeptical, keep what is useful and discard what is not."The older the question, the older the answers."<a href="https://elevatedpath.beehiiv.com/subscribe">The Art of Habits</a> (It's free)

● RATIONAL BUDDHISM

Wealth is having ASSETS that can earn well you Sleep.

Getting rich is not just about luck; happiness is not just a trait we are born with. These aspirations may seem out of reach, but building wealth and being happy are skills we can learn. So what are these skills, and how do we learn them? What are the principles that should guide our efforts? What does progress really look like? Naval Ravikant is an entrepreneur, philosopher, and investor who has captivated the world with his principles for building wealth and creating long-term happiness. The Almanack of Naval Ravikant is a collection of Naval's wisdom and experience from the last ten years, shared as a curation of his most insightful interviews and poignant reflections. This isn't a how-to book, or a step-by-step gimmick. Instead, through Naval's own words, you will learn how to walk your own unique path toward a happier, wealthier life.

productivity

Productivity

personaldevelopment

Personal Development

moneyandinvestments

Money & Investments

education

Learning & Education

books

Books

Eric Jorgenson is an entrepreneur, writer, and investor. He is on the founding team of Zaarly, and has been publishing online since 2014. His blog has educated and entertained over a million readers.Eric is on a quest to create (and eat) the perfect sandwich. He tweets at @ericjorgenson and publishes new pieces and projects on ejorgenson.com/blog

● BUILD SPECIFIC KNOWLEDGE

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PART 1: WEALTH