13 Incredible Lessons From the Book The Almanack of Naval Ravikant :
• Wealth Creation
Becoming wealthy is a learnable skill.
Creating wealth is more important than a status symbol.
Money is a tool that you exchange for products and services.
To create wealth, provide value to society.
Wealth is having assets that earn while you sleep.
Becoming wealthy is a learnable skill.
Creating wealth is more important than a status symbol.
Money is a tool that you exchange for products and services.
To create wealth, provide value to society.
Wealth is having assets that earn while you sleep.
• Specific Knowledge
Arm yourself with specific knowledge that makes you unique.
This is knowledge you can't be trained for.
If it can be trained, you will be replaceable.
Knowledge is learned through failures and experiences.
This sets you apart from the competition.
Arm yourself with specific knowledge that makes you unique.
This is knowledge you can't be trained for.
If it can be trained, you will be replaceable.
Knowledge is learned through failures and experiences.
This sets you apart from the competition.
• Skills
The most important skill for getting rich is becoming a perpetual learner.
You want to know how to do something other people don’t know how to do at a time when those skills are in demand.
Learn to sell as well as build. If you can do both, you will be unstoppable.
The most important skill for getting rich is becoming a perpetual learner.
You want to know how to do something other people don’t know how to do at a time when those skills are in demand.
Learn to sell as well as build. If you can do both, you will be unstoppable.
• Reading
Reading science, math, and philosophy one hour per day will likely put you at the upper echelon of human success within seven years.
Read what you love until you love to read.
Read one to two hours a day. That puts you in the top .00001 percent.
Reading science, math, and philosophy one hour per day will likely put you at the upper echelon of human success within seven years.
Read what you love until you love to read.
Read one to two hours a day. That puts you in the top .00001 percent.
• Leverage
Having a 9–5 job makes it difficult to create wealth.
Renting time will never make you wealthy. Time is a limited commodity.
Use leverage (labor, assets, and money) to amplify your efforts.
Asset ownership is the lever used to build wealth and increase earnings.
Having a 9–5 job makes it difficult to create wealth.
Renting time will never make you wealthy. Time is a limited commodity.
Use leverage (labor, assets, and money) to amplify your efforts.
Asset ownership is the lever used to build wealth and increase earnings.
• Play Long-Term Games With Long-Term People
Compounding works in relationships, businesses, or money.
You won’t be successful overnight.
Keep working on these important things that take time.
You’re trying to succeed over years and decades, not just in days or weeks.
Compounding works in relationships, businesses, or money.
You won’t be successful overnight.
Keep working on these important things that take time.
You’re trying to succeed over years and decades, not just in days or weeks.
• Freedom
The number one reason people want to become wealthy is to be free.
Freedom is to have control of your time, unlike a 9–5.
Freedom shifts from "freedom to" to "freedom from."
Freedom is internal. It’s freedom from reaction, feeling angry, and being sad.
The number one reason people want to become wealthy is to be free.
Freedom is to have control of your time, unlike a 9–5.
Freedom shifts from "freedom to" to "freedom from."
Freedom is internal. It’s freedom from reaction, feeling angry, and being sad.
• Play To You and Work For Others
Find what you love to do, and you will enjoy it.
When you are passionate about something, it is not a job anymore, it is a necessity.
What may seem hard to others is a delight and a source of motivation.
What’s that thing for you?
Find what you love to do, and you will enjoy it.
When you are passionate about something, it is not a job anymore, it is a necessity.
What may seem hard to others is a delight and a source of motivation.
What’s that thing for you?
• Happiness is Learned
It is a skill that you can develop.
We can learn to be happy and focus on the present and more important things.
Happiness is when you remove the sense of something missing in your life.
It is a skill that you can develop.
We can learn to be happy and focus on the present and more important things.
Happiness is when you remove the sense of something missing in your life.
• Life is a Single-Player Game
We do things in life to get validation from our parents and society.
The reality is that you were born alone and are going to die alone.
Your interpretations and memories are alone.
You’re competing against yourself.
We do things in life to get validation from our parents and society.
The reality is that you were born alone and are going to die alone.
Your interpretations and memories are alone.
You’re competing against yourself.
• Know Yourself
Find your own path.
We try hard to mold ourselves into society to get validation.
The way to get out of the competition trap is to be authentic, to find the thing you know how to do better than anybody.
No one in the world is going to beat you at being you.
Find your own path.
We try hard to mold ourselves into society to get validation.
The way to get out of the competition trap is to be authentic, to find the thing you know how to do better than anybody.
No one in the world is going to beat you at being you.
• Priorities and Decisions
When something is your priority, you will find a way to do it.
The three big priorities in life are wealth, health, and happiness.
There are also three big decisions you make in your early life: where you live, who you’re with, and what you do.
When something is your priority, you will find a way to do it.
The three big priorities in life are wealth, health, and happiness.
There are also three big decisions you make in your early life: where you live, who you’re with, and what you do.
• Find your Passion and Be the Best
You can only be good at one or two things at once. It is something you're obsessed with.
Concentrate on what interests you.
Know what you're good at and help others. Give it away. Pay it forward.
One day, you will get what you desire.
You can only be good at one or two things at once. It is something you're obsessed with.
Concentrate on what interests you.
Know what you're good at and help others. Give it away. Pay it forward.
One day, you will get what you desire.
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I write about
• Personal Finance
• Investing
• Wealth
Follow me @AccentInvesting for more tips.
Subscribe to receive a free guide on the top 5 ETFs to hold for life: bit.ly
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