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The Almanack of Naval Ravikant
Productise Yourself
The path to success is to find a way to automate your uniqueness. "Productise" is about leverage and "Yourself" is about accountability.
If you’re looking toward getting wealthy, you should ask yourself:
- “Is this authentic to me? Is it myself that I am projecting?”
- And then .. “Am I productising it? Am I scaling it? Am I scaling with labor or with capital or with code or with media?”
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SIMILAR ARTICLES & IDEAS:
5
Key Ideas
How you can invest in yourself
The foundation for every personal pursuit in life is to invest in yourself. It can take years. How you can do it:
- Learn to build something. If you can create something valuable w...
Income generation
Once you have ideas, you want to put your ideas to work. If you do that, you can start creating value. When we create value, we generate income.
During the pandemic for example, most restaurant owners had to focus on other ideas to generate income. Building wealth is not easy. We need a constant supply of ideas.
Asset investing
It is anything that will increase your wealth without personal labor.
- Businesses. This is a broad asset class. You can buy dividend-stocks on the market, and then the companies will pay you a share of the profit. You can start your own business. You can buy into other private businesses.
- Bonds. When you invest in bonds, you collect interest just like your bank is collecting on a mortgage.
- Books. A good book will generate cash for a long time.
Assets that don't generate cash, but might increase in value.
- Land. A piece of land generates cash when you rent or lease it.
- Collectibles such as art or watches.
8
Key Ideas
Stress + Rest = Growth
You need to push to the outer limits of your current ability, and then follow that hard work with appropriate recovery time.
This is how you grow your mind and get better at any skill....
Focus on the Process
The best athletes and entrepreneurs aren’t focused on being the best; they’re focused on constant self-improvement.
Concentrating on the process is best for both performance and mental health. It lifts off your shoulders a huge burden, so you can concentrate on the things you can control.
Stay Humble
Knowledge is always evolving and advancing — if you want to evolve and advance with it, you need to keep an open mind.
And to keep an open mind, leave your ego at the door.
5
Key Ideas
Don't flow with the mainstream
Moving away from analogy = Removing iterative steps based on other or older experiences and biases and prejudices
Keeping Yourself Motivated
Determination. Do something that you have willingly chosen to do. Have a sense of autonomy and self-empowerment.
Bring on companions. Shared memories and experiences are far stronger motivating factors.
Be impatient. achieve your goals as quickly as you can.
Stay curious. Do not just dream, but see the benefits for yourself.
Avoidance. Make the most out of your time and win the final pay off.
Applying the First Principles Thinking
Identify the Problem
What is something that I want to change in my life?
Deconstruct the Problem
What are the causes of my problems? How does it affect my life?
Solve the Problem
Start creating your new framework. You could think of multiple ways to achieve your goals easily.