Read “The Almanack of Naval Ravikant”
Since few days I had been hooked onto a very good book titled “The Almanack of Naval Ravikant” by Eric Jorgenson. Buy it from here https://amzn.to/3a2r7Ze.
About Naval Ravikant:- (Excerpts from Book)
Naval Ravikant is an icon in Silicon Valley and startup culture around the world. He founded multiple successful companies (Epinions during the 2000 dot-com crash, AngelList in 2010). Naval is also an angel investor, betting early on companies like Uber, Twitter, Postmates, and hundreds more.
More than just a financial success, Naval has gained readers and listeners from all around the world by expressing his own philosophy of life and happiness. Naval is well-liked because he is a unique example of a successful person who is also content.
After a millennium of research, study, and use of philosophy, economics, and riches, he has demonstrated the power of his ideals via creation.
Currently, Naval continues to create and invest in nearly casually, in his own unique artistic manner, while preserving a healthy, tranquil and balanced existence. This book compiles and groups Naval’s wisdom which he has shared with us. It shows how to achieve same if we follow his path.
- Seek wealth, not money or status. 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.
- Ethical wealth creation is possible. But if you secretly consider wealth unnecessary or not worthy than it will elude you. So don’t hate wealth.
- Ignore people playing status games. They gain status by attacking people playing wealth creation games. You’re not going to get rich renting out your time. You must own equity—a piece of a business—to gain your 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 long-term people.
- The internet has massively broadened the possible space of careers. Most people haven’t figured this out yet.
- Play iterated games. 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.
- Specific knowledge is knowledge you cannot be trained for. If society can train you, it can train someone else and replace you.
- Specific knowledge is found by pursuing your genuine curiosity and passion rather than whatever is hot right 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. Society will reward you with responsibility, equity, and leverage.
- There is no skill called “business.” Avoid business magazines and business classes.
- Set and enforce an aspirational personal hourly rate. If fixing a problem will save less than your hourly rate, ignore it. If outsourcing a task will cost less than your hourly rate, outsource it.
- Become the best in the world at 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. But that is for another day.
Summary: Productize Yourself
Above are some of the highlights that I felt sharing. Go through the book you will definitely love reading it. Author has dug out precious gems of wisdom from Naval Ravikant’s life and shared with us. I definitely loved and hope you will too. You will find something that you would certainly like to imbibe and apply it to your life. Happy New You.
Buy “The Almanack of Naval Ravikant” from here https://amzn.to/3a2r7Ze.