How to Get Rich (without getting lucky):
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.
Understand that ethical wealth creation is possible. If you secretly despise wealth, it will elude you.
Ignore people playing status games. They gain status by attacking people playing wealth creation games.
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.
Pick an industry where you can play long term games with long term people.
The Internet has massively broadened the possible space of careers. Most people haven't figured this out yet.
Play iterated games. All the returns in life, whether in wealth, relationships, or knowledge, come from compound interest.
Pick business partners with high intelligence, energy, and, above all, integrity.
Don't partner with cynics and pessimists. Their beliefs are self-fulfilling.
@naval Most important mental models applied here: - Scale - Compound interest - Leverage - Niches - Cooperation - Adaptation - Incentives - Skin in the game - Specialization - Supply and demand - Circle of competence PDF Compilation: https://drive.google.com/file/...
@naval This thread on "how to get rich" is getting a lot of, well deserved, attention. Just want to point out that the roots of these ideas have been around in Naval's blog posts for 10+ years, e.g.: https://startupboy.com/2008/02...
@naval so good - could i turn this into a short animation?
@naval This thread changed the way I look at business. These 10 Naval quotes changed the way I look at life:
@naval Released a podcast today with Morgan Housel, the thumbnail is a homage to this thread.
@naval Thanks for not writing a “business book” to communicate this.
@naval Great thread!
@naval @mysun71229495 Learn. Help. Build. Impact. Invest. Sell. You'll grow rich faster than you think. And obviously, it Will happen without getting lucky.
@naval @readwiseio save
@naval Illustrated version of this thread 👇 https://x.com/shivsakhuja/stat...
@naval Remember reading this as a broke kid in 2018 ending and having my world rocked
@naval @remindmetweets In 6 months, please
@naval Year 2024 and still valid.
@naval @readwiseio save thread
@naval Permission to share on Medium, with credit?
@naval I loved listening to you on Joe Rogan!
@naval one of the most important threads on the internet
@naval @readwiseio save thread
@naval Step 1: Wake up. Step 2: Hope you didn't miss the Bitcoin boat. 🚢💰
@naval @Aramoon13 این رو بهم داد فردا ترجمه می کنمش فکر می کنم خیلی هامون نیاز داریم بخونیم اینو ...
@naval A los que les gustó este hilo seguro les va a interesar este artículo que traduje sobre un camino bastante claro para construir riqueza. Me pareció que es muy ordenado y realista, y explica el esfuerzo necesario para avanzar en cada paso. https://x.com/jkofinanzas/stat...



