Complied list of 41 lessons on how to get rich without being lucky according to Naval Ravikant.
Here is what it said:
SEEK WEALTH, NOT MONEY OR STATUS. WEALTH IS HAVING ASSETS THAT EARN WHILE YOU SLEEP.
UNDERSTAND ETHICAL WEALTH CREATION IS POSSIBLE. IF YOU SECRETLY DESPISE WEALTH, IT WILL LEAVE YOU.
IGNORE PEOPLE PAYING STATUS GAMES. THEY GAIN STATUS BY ATTACKING PEOPLE WEALTH CREATION GAMES.
YOU MUST OWN EQUITY–A PIECE OF A BUSINESS – TO GAIN FINANCIAL FREEDOM.
YOU WILL GET RICH BY GIVING SOCIETY WHAT IT WANTS BUT DOES NOT YET KNOW HOW TO GET. AT SCALE.
PICK AN INDUSTRY WHERE YOU CAN PLAY LONG-TERM GAMES WITH A LONG-TERM PEOPLE.
THE INTERNET HAS MASSIVELY BROADENED THE POSSIBLE SPACE OF CAREERS.
ALL THE RETURNS IN LIFE, WHETHER IN WEALTH, RELATIONSHIPS, OR KNOWLEDGE, COME FROM COMPOUND INTEREST.
PICK BUSINESS PARTNERS WITH HIGH INTELLIGENCE, ENERGY, AND, ABOVE ALL, INTEGRITY.
DON’T PARTNER WITH CYNICS AND PESSIMISTS. THEIR BELIEFS ARE SELF-FULFILLING.
LEARN TO SELL LEARN TO BUILD. IF YOU CAN DO BOTH, YOU WILL BE UNSTOPPABLE.
ARM YOURSELF WITH SPECIFIC KNOWLEDGE, ACCOUNTABILITY, AND LEVERAGE.
IF SOCIETY CAN TRAIN YOU, IT CAN TRAIN SOMEONE ELSE AND REPLACE YOU.
SPECIFIC KNOWLEDGE IS FOUND BY PURSUING YOUR GENIUS OR PASSION RATHER THAN WHATEVER IS HOT NOW.
BUILDING SPECIFIC KNOWLEDGE WILL FEEL LIKE PLAY TO YOU BUT WILL LOOK LIKE WORK TO OTHERS.
WHEN SPECIFIC KNOWLEDGE IS TAUGHT, IT’S THROUGH APPRENTICESHIPS, NOT SCHOOLS.
SPECIFIC KNOWLEDGE IS OFTEN HIGHLY TECHNICAL, OR CREATIVE, IT CANNOT BE OUTSOURCED OR AUTOMATED.
EMBRACE ACCOUNTABILITY, AND TAKE BUSINESS RISKS UNDER YOUR OWN NAME.
GIVE ME A LEVER LONG ENOUGH AND A PIECE TO STAND, AND I WILL MOVE THE EARTH.
BUSINESS LEVERAGE COMES FROM CAPITAL, PEOPLE, AND PRODUCTS WITH NO MARGINAL COST OF REPLICATION.
TO RAISE MONEY, APPLY YOUR SPECIFIC KNOWLEDGE, WORK ACCURATELY AND SHOW RESULTING GOOD JUDGMENT.
LABOR MEANS PEOPLE WORKING FOR YOU, THE OLDEST AND MOST FOOT-OF-LIVER.
LABOR LEVERAGE WILL IMPRESS YOUR PARENTS, BUT DON’T WASTE YOUR LIFE CHASING IT.
CAPITAL AND LABOR ARE PERMISSIONED LEVERAGE. EVERYONE IS CHASING CAPITAL, BUT SOMEONE HAS TO GIVE IT TO YOU.
EVERYONE IS TRYING TO LEAD, BUT SOMEONE HAS TO FOLLOW YOU.
CODE AND MEDIA ARE PERMISSIONED LEVERAGE. THEY’RE THE LEVERAGE BEHIND THE NEWLY RICH.
YOU CAN CREATE SOFTWARE AND MEDIA THAT WORKS FOR YOU WHILE YOU SLEEP.
AN ARMY OF ROBOTS IS FREELY AVAILABLE — IT'S JUST PACKED IN DATA CENTERS FOR HEAT AND SPACE EFFICIENCY.
IF YOU CAN’T CODE, WRITE BOOKS AND BLOGS, RECORD VIDEOS AND PODCASTS.
LEVERAGE IS A FORCE MULTIPLIER FOR YOUR JUDGMENT.
JUDGMENT REQUIRES EXPERIENCE BUT CAN BE BUILT FASTER BY LEARNING FOUNDATIONAL SKILLS.
THERE IS NO SKILL CALLED “BUSINESS.” AVOID BUSINESS MAGAZINES AND BUSINESS CLASSES.
STUDY MICROECONOMICS, GAME THEORY, PSYCHOLOGY, PERSUASION, ETHICS, MATHEMATICS, AND COMPUTERS.
READING IS FASTER THAN LISTENING. DOING IS FASTER THAN WATCHING.
YOU SHOULD BE TOO BUSY TO “DO” OFFICE WHILE STILL KEEPING AN UNCULTURED CALENDAR.
SET & ENFORCE AN ASPIRATIONAL PERSONAL HOURLY RATE. IF FIXING A PROBLEM WILL SAVE LESS THAN YOUR HOURLY RATE.
WHO YOU WORK WITH AND WHAT YOU WORK ON ARE MORE IMPORTANT THAN HOW HARD YOU WORK.
BECOME THE BEST IN THE WORLD AND WHAT YOU DO. KEEP REDEFINING WHAT YOU DO UNTIL THIS IS TRUE.
THERE ARE NO GET-RICH-QUICK SCHEMES. THOSE ARE JUST SOMEONE ELSE GETTING RICH OFF YOU.
APPLY SPECIFIC KNOWLEDGE, WITH LEVERAGE, AND EVENTUALLY, YOU WILL GET WHAT YOU DESERVE.
WHEN YOU’RE FINALLY WEALTHY, YOU’LL REALIZE IT WASN’T WHAT YOU WERE SEEKING IN THE FIRST PLACE.
Image Description
The image is a visually clear, easy-to-read list of 41 lessons on wealth creation by Naval Ravikant. It's a concise, structured format that makes the insights accessible and engaging.
Positive Aspects
The image enhances the content by providing a structured and visually appealing way to digest Naval's insights on wealth creation. It serves as a quick reference guide, allowing readers to easily absorb and reflect on each point.
Key Takeaways
- Seek Wealth, Not Status: Focus on creating assets that generate income independently.
- Long-Term Thinking: Choose industries and partners for their long-term potential.
- Leverage and Specific Knowledge: Use unique skills, leverage, and accountability to maximize impact.
- Continuous Learning: Prioritize foundational skills over traditional business education.
- True Wealth: Real wealth is not just about money but also about fulfillment and purpose.
Additional Insights
Naval's philosophy emphasizes ethical wealth creation, leveraging technology, and prioritizing meaningful work over superficial gains. His approach encourages introspection and a deep understanding of one's skills and passions, making the journey to wealth a holistic and fulfilling pursuit.
