{"id":797,"date":"2022-02-26T15:51:46","date_gmt":"2022-02-26T10:21:46","guid":{"rendered":"https:\/\/charpaisa.com\/?p=797"},"modified":"2022-02-26T15:52:39","modified_gmt":"2022-02-26T10:22:39","slug":"timeless-lessons-from-the-almanack-of-naval-ravikant","status":"publish","type":"post","link":"https:\/\/charpaisa.com\/book-review\/timeless-lessons-from-the-almanack-of-naval-ravikant\/","title":{"rendered":"Timeless Lessons From The Almanack of Naval Ravikant"},"content":{"rendered":"\n

Naval Ravikant<\/strong> is an Indian-American entrepreneur and investor. He is the co-founder, chairman, and former CEO of AngelList<\/a>.[2]<\/a><\/sup> He has invested early-stage in over 200 companies including  Uber<\/a>,  FourSquare<\/a>,  Twitter<\/a>,  Wish.com<\/a>,  Poshmark<\/a>,  Postmates<\/a>,  Thumbtack<\/a>,  Notion<\/a>,  SnapLogic<\/a>,  Opendoor<\/a>, Clubhouse<\/a>, Stack Overflow<\/a>, Bolt<\/a>, OpenDNS<\/a>, Yammer<\/a>, and Clearview AI<\/a>, with over 70 total exits and more than 10 Unicorn<\/a> companies. (Wikipedia<\/a>)<\/p>\n\n\n\n

He is also famous for writing great Twitter threads, the most famous of them being this one<\/a>. Read the actual tweet here<\/a>.<\/p>\n\n\n\n

Here are Timeless Lessons From The Almanack of Naval Ravikant.<\/strong><\/p>\n\n\n\n

1. Wealth vs Money vs Status<\/h2>\n\n\n\n

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.<\/p><\/blockquote>\n\n\n\n

Ethical Wealth<\/strong><\/h2>\n\n\n\n

Understand that ethical wealth creation is possible. If you secretly despise wealth, it will elude you.<\/p><\/blockquote>\n\n\n\n

What should you avoid?<\/h2>\n\n\n\n
  1. Ignore people playing status games. They gain status by attacking people playing wealth creation games.<\/li>
  2. You\u2019re not going to get rich renting out your time. You must own equity \u2014 a piece of a business \u2014 to gain your financial freedom.<\/mark><\/mark><\/li><\/ol>\n\n\n\n

    2. Wealth Creation <\/h2>\n\n\n\n

    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. Something society needs, but it doesn’t know it yet. Provide at scale. Internet is the best way to do it.<\/p>\n\n\n\n

    3. Specific Knowledge <\/h2>\n\n\n\n

    Arm yourself with a specific knowledge that makes you unique. This knowledge can’t be trained for in schools. If it can be trained, you will be replaceable. Knowledge is learned through failures and experiences. This sets you apart from the competition. Specific knowledge<\/strong> 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\u2019s through apprenticeships, not schools. Specific knowledge is often highly technical or creative. It cannot be outsourced or automated.<\/p>\n\n\n\n

    4. Leverage <\/h2>\n\n\n\n

    It is hard to create wealth having a 9-5. You will never be rich renting time. Time is a limited commodity. Use leverage (labor, assets, money) to amplify your efforts. Ownership of assets is the leverage to build wealth and increase earning potential. <\/p>\n\n\n\n

    Learn Foundational Skills:<\/strong> <\/h2>\n\n\n\n

    Leverage is a force multiplier* <\/strong>for your judgment. Judgment<\/strong> requires experience but can be built faster by learning foundational skills. There is no skill called \u201cbusiness.\u201d Avoid business magazines and business classes. Study microeconomics, game theory, psychology, persuasion, ethics, mathematics, and computers<\/strong>. Reading is faster than listening. Doing is faster than watching.<\/p>\n\n\n\n

    5. Play Long-Term Games With Long-Term People <\/h2>\n\n\n\n

    Compounding works in relationships, businesses, or money. You won\u2019t be successful overnight. Keep working on these important things that take time. You\u2019re trying to succeed over years and decades, not just in days or weeks.<\/p>\n\n\n\n

    6. Play To You and Work For Others <\/h2>\n\n\n\n

    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\u2019s that thing for you?<\/p>\n\n\n\n

    7. Life is a Single-Player Game <\/h2>\n\n\n\n

    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. Before you showed up, nobody cared. It\u2019s all single-player.<\/p>\n\n\n\n

    8. Aspirational Personal Hourly Rate <\/h2>\n\n\n\n

    Set and enforce an aspirational personal hourly rate.<\/strong> 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. Even if you cannot do it right away, have a goal to do it in the future.<\/p>\n\n\n\n

    9. Freedom <\/h2>\n\n\n\n

    The number one reason people want to become wealthy is to be free. The freedom is to have control of your time, unlike a 9\u20135. Freedom shifts from “freedom to” to “freedom from.” Freedom is internal. It\u2019s freedom from reaction, feeling angry, and being sad.<\/p>\n\n\n\n

    What are some of your Timeless Lessons From The Almanack of Naval Ravikant? Share in the comments below.<\/p>\n","protected":false},"excerpt":{"rendered":"

    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.<\/p>\n","protected":false},"author":3,"featured_media":802,"comment_status":"open","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,8],"tags":[70,100],"yoast_head":"\nTimeless Lessons From The Almanack of Naval Ravikant - Charpaisa<\/title>\n<meta name=\"description\" content=\"Seek wealth, not money or status. Wealth is having assets that earn while you sleep. 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