I always was a fan of Naval Ravikant’s tweets and his podcast, so I decided to read his Almanack. I enjoyed reading The Almanack of Naval Ravikant by Eric Jorgenson as well as I found out that there are a bunch of notes after each section which are worth to share.
Getting rich is about knowing what to do, who to do it with, and when to do it.
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.
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.
Play iterated games. All the returns in life, whether in wealth, relationships, or knowledge, come from compound interest.
Learn to sell. Learn to build. If you can do both, you will be unstoppable.
Specific knowledge is found by pursuing your genuine curiosity and passion rather than whatever is hot right now.
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.
Work as hard as you can. Even though who you work with and what you work on are more important than how hard you work.
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.
“Escape competition through authenticity.” Basically, when you’re competing with people, it’s because you’re copying them. It’s because you’re trying to do the same thing.
The most important skill for getting rich is becoming a perpetual learner.
Follow your intellectual curiosity more than whatever is “hot” right now.
Retirement is when you stop sacrificing today for an imaginary tomorrow. When today is complete, in and of itself, you’re retired.
“Hey, I don’t think you should do this to that other person. Not because you won’t get away with it. You will get away with it, but because it will hurt you in the end.”
The good news is, the moment of suffering—when you’re in pain—is a moment of truth. It is a moment where you’re forced to embrace reality the way it actually is. Then, you can make meaningful change and progress. You can only make progress when you’re starting with the truth.
The number of books completed is a vanity metric. As you know more, you leave more books unfinished. Focus on new concepts with predictive power.
There’s a line from Blaise Pascal I read. Basically, it says: “All of man’s troubles arise because he cannot sit in a room quietly by himself.” If you could just sit for thirty minutes and be happy, you are successful. That is a very powerful place to be, but very few of us get there.
The reality is life is a single-player game. You’re born alone. You’re going to die alone. All of your interpretations are alone. All your memories are alone. You’re gone in three generations, and nobody cares. Before you showed up, nobody cared. It’s all single player.
Life-hack: When in bed, meditate. Either you will have a deep meditation or fall asleep. Victory either way.
When we’re older, we’re a collection of thousands of habits constantly running subconsciously. We have a little bit of extra brainpower in our neocortex for solving new problems. You become your habits.
To have peace of mind, you have to have peace of body first.
This taught me the power of habits. I started realizing it’s all about habits. At any given time, I’m either trying to pick up a good habit or discard a previous bad habit. It takes time.
When you really want to change, you just change. But most of us don’t really want to change—we don’t want to go through the pain just yet. At least recognize it, be aware of it, and give yourself a smaller change you can actually carry out.
If you hurt other people because they have expectations of you, that’s their problem. If they have an agreement with you, it’s your problem. But, if they have an expectation of you, that’s completely their problem. It has nothing to do with you. They’re going to have lots of expectations out of life. The sooner you can dash their expectations, the better.
Don’t spend your time making other people happy. Other people being happy is their problem. It’s not your problem. If you are happy, it makes other people happy. If you’re happy, other people will ask you how you became happy and they might learn from it, but you are not responsible for making other people happy.
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