Naval had a great thread up on Twitter titled ‘How to Get Rich (Without Getting Lucky).
How to Get Rich (without getting lucky):
— Naval (@naval) May 31, 2018
If you read this blog you might already be there, and if you are not rich, you should find some great insights. Either way do pass it on to your kids and friends.
Some of my favorites:
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.
Ignore people playing status games. They gain status by attacking people playing wealth creation games.
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.
If you can’t code, write books and blogs, record videos and podcasts.
There is no skill called “business.” Avoid business magazines and business classes.
Have a great day.
PS – Watch the Dave Letterman and Howard Stern Interview on Netflix. I like nice Howard. I don’t listen to Howard Stern much, but when I do, I love it. Howard figured most of this ‘How to Get Rich’ out early in his career. He has now figured out how to turn being rich into being wealthy.
Also published on Medium.