Creating wealth is a skill. Not an identity. Naval is confident that even if all his wealth is taken away right now he will regain all of it in 10 years or less. Because creating wealth is a skill and fortunately, he has learned the skillset. You can too. Your way of creating wealth should include these three points.

1. You can get rich without getting lucky

It means you should run after assets rather than money. The assets will in turn make money for you.

2. Run after wealth, not money

You have to create something that the people want. That too with scalability. Create a product or service that can be distributed to many people and creates lots of value. If you create a product that has lots of value for fewer people, it is as effective as a product with less value for more people. <a href="https://www.businessinsider.com/elon-musk-advice-to-companies-maximize-curve-of-customer-happiness-2020-4">Elon Musk calls it the area under the curve. </a>

3. You can’t get rich selling your time

Learn to create a product or learn to sell it. If you know how to do both, you are unstoppable.

4. Learn to create and sell

One way to make money is to acquire a portion of a business. Generally, when new startups are made they give some portion of the business to its founding employees. When the business is successful the founder along with those employees become rich. If you don’t have the ownership you only earn exactly proportionate to your time input.

5. Wealth is created by equity, not by selling your time

Compounding doesn’t only work for money. It also works in knowledge and relationships. For example: <a href="https://growth.eladgil.com/book/cofounders/managing-your-board-an-interview-with-naval-ravikant-part-1/">Naval says he likes to work with Elad Gil </a>. Because he has done so many deals in the past with him that they both are confident that they ensure the mutual profit.

6. Understand Compounding

We should build valuable skills. Selling skills for example. If you can create a product, you also need someone who can market it and sell it to the public. Also, you can be that person for a partnership with someone else who creates the product. What would Apple be today without the marketing and branding skills of Steve Jobs? Specific knowledge comes from your passion.

7. Find and build specific knowledge/skills

To achieve massive wealth in life, you need to be in massive action. Many talks but less do. Execution is scarce and valuable. If you can think of something and execute it, you can do anything. These are the principles that Naval Ravikant used to create the wealth that he owns now which nets around 70 million. Anyone can follow these and be financially successful. As Naval said, Intentions do not matter, actions do. So let’s go do it. Thank you for reading this. You can follow me on <a href="https://twitter.com/this_topian">twitter </a>if you want.

8. Intentions do not matter, actions do

Thinking to grow your wealth? Read these snippets.

Naval Ravikant is a millionaire with net worth of about 70 Million. According to him he used the following principles to create the massive wealth.

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Personal Development

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Money & Investments

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Business

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Startups

5 Principles of Creating Wealth

Do you struggle with knowing your value and worth? Well, unfortunately when you don’t know your worth you experience less than God’s best for your life. Low self-esteem and unrecognized worth tend to lead to bad relationships, the inability to reach your potential, bad decision making, unhappiness and a host of other problems. Yet, these traps created by the enemy can be avoided when you began to recognize your value and your true worth.  When you know who you are and see yourself as God sees you, then you naturally begin to operate differently.  <a class="idea-content-link" href="https://52.44.123.239/its-time-to-update-your-mind/">change your mindset </a>

You’ve Got to Know Your Worth

The easiest way to determine your worth is by determining how much someone would pay for you.  I know it sounds crazy, but stick with me.  In our society price tags tend to determine value.  So what is your price tag? Now before you begin to pull out your mental calculator let me set your mind at ease.  You’re priceless.  There is no number you can come up with that amounts to the value that you are worth.  And this is because no price can be put on the One who gave His life to purchase you.

How Do You Determine Your Worth?

The main reason you don’t know your true worth is because the enemy, the devil, doesn’t want you to know it.  Because individuals who know their true value and worth in Christ automatically become a threat to him.  They become less susceptible to the lies and traps he tries to ensnare them in.  Which is why he works over time to try to get you to devalue yourself and to not recognize your worth, and he does it in two different ways.

Why You Don’t Know Your Worth?

Why you must know your worth plus FREE DOWNLOAD. Knowing your worth results in better relationships, the ability to reach your potential, better decision making, happiness, and so much more.

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Religion & Spirituality

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Communication

5 Reasons Why You Must Know Your Worth

You may have heard that essential fats are an important aspect to maintaining the health of your body. But what exactly are they?Basically, there are two truly essential fatty acids, Linoleic and Linolenic. You may have heard of these referred to as Omega-6 and Omega-3 fatty acids.So, why are they called essential? The term essential in the life sciences refers to the fact that a nutrient cannot be synthesized by the body. Thus, you must have a dietary or supplemental source to supply your need for these acids.

Definition

These fatty acids exist in and are used in every cell of your body. So they are crucial to a cell’s health and therefore to our health as people. The good news is that in North America, you generally get enough Omega -6 in your diet. Omega-3 has presented a question mark to researchers.Fortunately, you can get Omega-3 from fish and certain nut oils. If you have any doubt at all, you can get Omega three from flax oil,which is in abundant supply at your local health food store.Don’t let the phrase essential fat or essential fatty acid fool you. They’re not going to make you gain unwanted weight.

Fatty acids 

You may have heard that essential fats are an important aspect to maintaining the health of your body. But what exactly are they? Basically, there are two truly essential fatty acids, Linoleic and…

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Exercise & Fitness

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Sports

What Is an Essential Fat?

Reassurance-seeking is like outsourcing emotional labor onto other people. And not only does it kill your confidence, it also tends to sabotage your relationships and lead to people becoming resentful of you.

1. You’re addicted to reassurance

Each time you second-guess yourself, it’s a tiny message to your brain that you don’t believe in yourself. So if you only do it occasionally, no big deal. But if you’re in the habit of constantly second-guessing yourself, think about what you’re teaching your brain?If you want to feel more confident, you need to make your peace with uncertainty and accept the responsibility of making decisions and living with the consequences

2. You second-guess yourself constantly

If you’re in the habit of always catastrophizing, not only will it chip away at your confidence in your ability to handle difficulties in the future — it’s also going to make you incredibly anxious and stressed out all the time.

3. You catastrophize about future danger

Just like it’s hard to feel confident if you’re always predicting that disaster is about to strike, it’s similarly hard to feel confident if you’re constantly reminding yourself of your mistakes and failings.It’s hard to feel confident about the future when you won’t let go of the past.

4. You dwell on past mistakes

The fear that keeps your confidence low doesn’t come from the thing itself, but from the feelings about it.If you want to feel more confident, start to cultivate a healthier relationship with your fear. Start acknowledging it and validating it instead of trying to avoid it.

5. You’re afraid of feeling afraid

Understand yourself and those around you.

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Psychology

5 Psychological Reasons You Don’t Feel Confident

People think and process information in one of two ways: inductively and deductively,” he says. “The inductive thinker needs all of the background information first and then the point. The deductive thinker needs the point first and then the background information.﻿

Two ways people process info

You can discern how a person thinks by paying attention to how they present information. Do they usually cut to the chase? Or do they take you along their decision-making journey step by step? Then form your presentations or asks based on how their tendencies.

Discernment

Figuring out whether you’re speaking with an inductive or deductive thinker can make all the difference.


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Philosophy

One reason people don’t listen to you (and how to easily fix it)

“The Cardinal Rule of Behavior Change:What gets rewarded, gets repeated. What gets punished, gets avoided.Don't reward behavior you don't want to see repeated.”

The Cardinal Rule of Behavior Change:

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Productivity

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Career

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Habits

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Creativity

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Human Resources

3-2-1: How to excel, the health benefits of friendship, and the importance of bad days | James Clear

Be careful what you think, because what you think eventually becomes what you say, and what you say always results has either results in LIFE or death

Your thoughts create life or death

Read Revelation - HiLast week I was at the Arise conference in Wellington and hugely impacted by what is happening. Great to have Vimlesh Uncle who hosted us on 

5 Principles of Creating Wealth

5 Reasons Why You Must Know Your Worth

What Is an Essential Fat?

5 Psychological Reasons You Don’t Feel Confident

One reason people don’t listen to you (and how to easily fix it)

Joshua Singh