I’m obsessed with how to reach financial freedom.
So, I spent 60+ hours studying how Naval Ravikant thinks about money.
Here’s what I found on becoming a quiet millionaire:
So, I spent 60+ hours studying how Naval Ravikant thinks about money.
Here’s what I found on becoming a quiet millionaire:
"Money doesn’t buy happiness — it buys freedom"
Freedom to do what you want when you want.
Freedom to use your time doing work you enjoy, rather than work you do to pay off debt, for stuff you probably don’t need.
Freedom to do what you want when you want.
Freedom to use your time doing work you enjoy, rather than work you do to pay off debt, for stuff you probably don’t need.
"It’s the mark of a charlatan to try and explain simple things in complex ways"
... And it’s the mark of a genius to explain complicated things in simple ways.
• The world doesn’t have to be complex
• You get to choose to embrace simplicity.
... And it’s the mark of a genius to explain complicated things in simple ways.
• The world doesn’t have to be complex
• You get to choose to embrace simplicity.
"The difference between sounding smart and being smart is 'I don’t know.'"
The loudest person in the room or the person with the answer isn’t going to win a career prize or climb the ladder to nowhere faster.
The loudest person in the room or the person with the answer isn’t going to win a career prize or climb the ladder to nowhere faster.
"If you can’t decide, the answer is no"
It’s an easy way to make a decision and feel a lot less regret.
It’s okay to have no idea and just say no. You can always change your mind, too, and change your no into a yes.
It’s an easy way to make a decision and feel a lot less regret.
It’s okay to have no idea and just say no. You can always change your mind, too, and change your no into a yes.
"Subtract incentives from advice"
Follow the trail of incentives.
If you want to become a puppet then listen to experts who charge you money, and then be blind to the irony.
Follow the trail of incentives.
If you want to become a puppet then listen to experts who charge you money, and then be blind to the irony.
"The ability to stay calm during conflict is a superpower"
Reacting to everything shows a lack of discipline
You don’t have to have the answer straight away when chaos occurs. You can sleep on it, wake up tomorrow & see how you feel
Solutions find you while you sleep/relax
Reacting to everything shows a lack of discipline
You don’t have to have the answer straight away when chaos occurs. You can sleep on it, wake up tomorrow & see how you feel
Solutions find you while you sleep/relax
"The modern devil is cheap dopamine"
The allure of the shiny red notifications is messing up your dopamine levels.
You may not be tired after all.
You might just be exhausted from playing dopamine tennis with your brain.
The allure of the shiny red notifications is messing up your dopamine levels.
You may not be tired after all.
You might just be exhausted from playing dopamine tennis with your brain.
"Internal happiness is a reward for being in flow"
Create, meditate, love, play. It clears the mind & leaves us in peace.
Worship habits you do in flow. Do them more often.
Notice flow. Practice flow. Get into flow.
Create, meditate, love, play. It clears the mind & leaves us in peace.
Worship habits you do in flow. Do them more often.
Notice flow. Practice flow. Get into flow.
"I don’t have time is just saying it’s not a priority"
As fast as you can make a million bucks, you can lose the lot
• Study recessions
• See how important psychology is when it comes to money
• Focus on fundamentals, not inflated stock prices or news headlines
• Study recessions
• See how important psychology is when it comes to money
• Focus on fundamentals, not inflated stock prices or news headlines
"You make your own luck if you stay at it long enough"
Staying power is the best competitive advantage
Many people give up too soon. Keep going when everyone else has stopped
There is no shortcut except doing the work.
Staying power is the best competitive advantage
Many people give up too soon. Keep going when everyone else has stopped
There is no shortcut except doing the work.
Ask yourself this question:
"How much of the day is spent doing things out of obligation rather than out of interest?"
"How much of the day is spent doing things out of obligation rather than out of interest?"
Naval’s practical advice:
• Build, sell, write, create, invest, and own
• Read, reflect, love, seek truth, and ignore society
• Avoid debt, jail, addiction, disgrace, shortcuts, and media
• Build, sell, write, create, invest, and own
• Read, reflect, love, seek truth, and ignore society
• Avoid debt, jail, addiction, disgrace, shortcuts, and media
• The fundamental delusion — there is something out there that will make me happy and fulfilled forever.
• The more seriously you take yourself, the unhappier you’re going to be.
• The more seriously you take yourself, the unhappier you’re going to be.
• Don’t do things that you know are morally wrong. Not because someone is watching, but because you are. Self-esteem is just the reputation that you have with yourself.
• All greatness comes from suffering.
• All greatness comes from suffering.
• The people who succeed are irrationally passionate about something
• You’re never going to get rich renting out your time
• If you need a degree to do it, it’s not going to make you wealthy
• You’re never going to get rich renting out your time
• If you need a degree to do it, it’s not going to make you wealthy
How to choose people to build wealth with:
"The first rule of handling conflict is don’t hang around people who are constantly engaging in conflict"
"The first rule of handling conflict is don’t hang around people who are constantly engaging in conflict"
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