Investing: The Almanack of Naval Ravikant: A Guide to Wealth and Happiness by Eric Jorgenson

The Almanack of Naval Ravikant: A Guide to Wealth and HappinessBy Eric JorgensonGetting rich is not just about luck; happiness is not just a trait we are born with. These aspirations may seem out of reach, but building wealth and being happy are skills we can learn.So what are these skills, and how do we learn them? What are the principles that should guide our efforts? What does progress really look like?Naval Ravikant is an entrepreneur, philosopher, and investor who has captivated the world with his principles for building wealth and creating long-term happiness. The Almanack of Naval Ravikant is a collection of Naval’s wisdom and experience from the last ten years, shared as a curation of his most insightful interviews and poignant reflections. This isn’t a how-to book, or a step-by-step gimmick. Instead, through Naval’s own words, you will learn how to walk your own unique path toward a happier, wealthier life.TakeawaysSeek 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.Arm yourself with specific knowledge, accountability, and leverage.Embrace accountability and take business risks under your own name. Society will reward you with responsibility, equity, and leverage.Specific knowledge is knowledge you cannot be trained for. If society can train you, it can train someone else and replace you.Embrace accountability and take business risks under your own name. Society will reward you with responsibility, equity, and leverage.Fortunes require leverage. Business leverage comes from capital, people, and products with no marginal cost of replication (code and media).Learn to sell. Learn to build. If you can do both, you will be unstoppable.Whenever you can in life, optimize for independence rather than pay. If you have independence, you're accountable to your output, as opposed to your input -- that's the dream.The most important skill for getting rich is becoming a perpetual learner. You have to know how to learn anything you want to learn.Understand that ethical wealth creation is possible.Host rating for 'The Almanack of Naval Ravikant'NicoRating: 9/10SamRating: 8.5/10Subscribe!If you enjoyed the podcast please subscribe and rate it. And of course, share with your friends!You can also listen and join us on ReasonFM (https://reason.fm/podcast/wiser-than-yesterday) or just ask questions. Don't Forget to leave a comment on this episode See podvine.com/privacy-policy for podcast listener privacy info. Hosted on Acast. See acast.com/privacy for more information.