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.

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Wiser than Yesterday hosts open-ended discussions, breakdowns, and summaries of the world's most thought-provoking and inspiring books.Our hosts, Nicolas Vereecke and Sam Harris digest non-fiction books from all centuries and genres. They discuss the biggest philosophical insights and practical lessons for health, wealth, wisdom, and happiness.This podcast is here to help listeners become smarter. To learn about new ideas and to gain more perspectives on the books and ideas they are familiar with.Each season we tackle a new field and read the best books on a given topic such as racism, startups, stoicism, or personal finance. We cast a wide net to summarise all sides of opinions in an area to come to a wider understanding of the topic at large as well as help listeners navigate the different opinions and ideas they haven't heard of.We dive into topics such as philosophy, business, equality, psychology, politics, economics, and who knows what else. Our goal is to simply explore the best ideas and learn new things. You're most welcome to join us for the ride. Hosted on Acast. See acast.com/privacy for more information.