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HOW TO GET RICH: (without getting lucky) HOW TO GET RICH: by Naval Ravikant
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“If it entertains you now but will bore you someday, it's a distraction. Keep looking.”
Naval Ravikant, HOW TO GET RICH:
“The means of learning are abundant, the desire to learn is scarce”
Naval Ravikant, HOW TO GET RICH:
“Renting out your time means you’re essentially replaceable”
Naval Ravikant, HOW TO GET RICH:
“The most dangerous things are heroin and a monthly salary”
Naval Ravikant, HOW TO GET RICH:
“If you want to be a philosopher king first become a king then become a philosopher. Not first become a philosopher and then become a king.”
Naval Ravikant, HOW TO GET RICH:
“If you’re good with computers, if you’re good at basic mathematics, if you’re good at writing, if you’re good at speaking, and if you like reading, you’re set for life.”
Naval Ravikant, HOW TO GET RICH:
“self-esteem is the reputation that you have with yourself." You’ll always know.”
Naval Ravikant, HOW TO GET RICH:
“Escape competition through authenticity”
Naval Ravikant, HOW TO GET RICH:
“Wealth is assets that earn while you sleep”
Naval Ravikant, HOW TO GET RICH:
“Taleb’s Skin In The Game is required reading”
Naval Ravikant, HOW TO GET RICH:
“Wealth is a very positive sum game. We create things together. We’re starting this endeavor to create this piece of art that explains what we’re doing. At the end of it, something brand new will be created. It’s a positive sum game. Status is a very old game Status, on the other hand, is a zero-sum game. It’s a very old game. We’ve been playing it since monkey tribes. It’s hierarchical. Who’s number one? Who’s number two? Who’s number three? And for number three to move to number two, number two has to move out of that slot. So, status is a zero-sum game.”
Naval Ravikant, HOW TO GET RICH:
“Entrepreneurship is essentially an act of creating something new from scratch. Predicting that society will want it, and then figuring out how to scale it, and get it to everybody in a profitable way, in a self-sustaining way.”
Naval Ravikant, HOW TO GET RICH:
“You must own equity to gain your financial freedom”
Naval Ravikant, HOW TO GET RICH:
“So, if you’re willing to bleed a little bit every day but in exchange you’ll win big later, you will do better. That is, by the way, entrepreneurship. Entrepreneurs bleed every day. They’re not making money, they’re losing money, they’re constantly stressed out, all the responsibility is upon them, but when they win they win big. On average they’ll make more. 19.”
Naval Ravikant, HOW TO GET RICH:
“Status is your ranking in the social hierarchy.”
Naval Ravikant, HOW TO GET RICH:
“Wealth buys your freedom”
Naval Ravikant, HOW TO GET RICH:
“People creating wealth will always be attacked by people playing status games”
Naval Ravikant, HOW TO GET RICH:
“be very careful about reading other people’s opinions and even be careful when reading facts because so-called facts are often just opinions with a veneer [of pseudoscience] around them.”
Naval Ravikant, HOW TO GET RICH:
“If you care about ethics in wealth creation, it is better to create your wealth using code and media as leverage because then those products are equally available to everybody as opposed to trying to create your wealth through labor or capital.”
Naval Ravikant, HOW TO GET RICH:
“The most dangerous things are heroin, and a monthly salary." Right, because they are highly addictive.”
Naval Ravikant, HOW TO GET RICH:
“If I do my job right, if I create value for society, society says, "Oh, thank you. We owe you something in the future for the work that you did in the past. Here’s a little IOU. Let’s call that money.”
Naval Ravikant, HOW TO GET RICH:
“So, you’re right. It’s about distributing what rich people used to have to everybody.”
Naval Ravikant, HOW TO GET RICH:
“People living below their means have freedom”
Naval Ravikant, HOW TO GET RICH:
“So, if you just keep stirring the pot and stirring the pot, that alone you will run out of unluck.”
Naval Ravikant, HOW TO GET RICH:
“I’ve learned that tit-for-tat iterated prisoner’s dilemma is the piece of game theory that is worth knowing the most. You can almost put down the game theory book after that.”
Naval Ravikant, HOW TO GET RICH:
“my personal learning has been that the principal-agent problem drives so much in this world. It’s an incentives problem.”
Naval Ravikant, HOW TO GET RICH:
“avoid people who got rich quickly, they’re just giving you their winning lottery ticket numbers.”
Naval Ravikant, HOW TO GET RICH:
“A busy calendar and a busy mind will destroy your ability to do great things in this world. If you want to be able to do great things, whether you’re a musician, or whether you are an entrepreneur, or whether you’re an investor, you need free time and you need a free mind.”
Naval Ravikant, HOW TO GET RICH:
“We’re talking about getting wealthy so you can retire, so you have your freedom. Not retire in the sense that you don’t do anything. But in the sense that you don’t have to be any place you don’t want to be, you don’t have to do anything you don’t want to do, you can wake up when you want, you can sleep when you want, you don’t have a boss. That’s freedom.”
Naval Ravikant, HOW TO GET RICH:
“You’ve got one life on this planet. Why not try to build something big? This is the beauty of Elon Musk, and why I think he inspires so many people, it's just because he takes on really, really big audacious tasks. And he provides an example for people to think big. And it takes a lot of work to build even small things. I don’t think the corner grocery store owner is working any less hard than Elon Musk, or pouring any less sweat and toil into it. Maybe even more.”
Naval Ravikant, HOW TO GET RICH:

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