NAVAL - How to Get Rich (Without Getting Lucky)

✍ Scribed by Naval Ravikant; Babak Nivi

• Publisher: Vibhatsu
• Tongue: English
• Category: Library

✦ Synopsis

Getting 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.

NAVAL - How to Get Rich is a collection of Naval’s most insightful interviews and poignant reflections. Through Naval’s own words, you will learn how to walk your own unique path toward a happier, wealthier life.

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✦ Table of Contents

Title Page

1 : Seek Wealth, Not Money or Status

2 : Make Abundance for the World

3 : Free Markets Are Intrinsic to Humans

4 : Making Money Isn’t About Luck

5 : Make Luck Your Destiny

6 : You Won’t Get Rich Renting Out Your Time

7 : Live Below Your Means for Freedom

8 : Give Society What It Doesn’t Know How to Get

9 : The Internet Has Massively Broadened Career Possibilities

10 : Play Long-Term Games With Long-Term People

11 : Pick Partners With Intelligence, Energy and Integrity

12 : Partner With Rational Optimists

13 : Arm Yourself With Specific Knowledge

14 : Specific Knowledge Is Highly Creative or Technical

15 : Learn to Sell, Learn to Build

16 : Read What You Love Until You Love to Read

17 : The Foundations Are Math and Logic

18 : There’s No Actual Skill Called ‘Business’

19 : Embrace Accountability to Get Leverage

20 : Take Accountability to Earn Equity

21 : Labor and Capital Are Old Leverage

22 : Product and Media Are New Leverage

23 : Product Leverage is Egalitarian

24 : Pick a Business Model with Leverage

25 : Example: From Laborer to Entrepreneur

26 : Judgment Is the Decisive Skill

27 : Set an Aspirational Hourly Rate

28 : Work As Hard As You Can

29 : Be Too Busy to ‘Do Coffee’

30 : Keep Redefining What You Do

31 : Escape Competition Through Authenticity

32 : Play Stupid Games, Win Stupid Prizes

33 : Eventually You Will Get What You Deserve

34 : Reject Most Advice

35 : A Calm Mind, a Fit Body, a House Full of Love

36 : There Are No Get Rich Quick Schemes

37 : Productize Yourself

38 : Accountability Means Letting People Criticize You

39 : We Should Eventually Be Working for Ourselves

40 : Being Ethical Is Long-Term Greedy

41 : Envy Can Be Useful, or It Can Eat You Alive

42 : Principal-Agent Problem: Act Like an Owner

43 : Kelly Criterion: Avoid Ruin

44 : Schelling Point: Cooperating Without Communicating

45 : Turn Short-Term Games Into Long-Term Games

46 : Compounding Relationships Make Life Easier

47 : Price Discrimination: Charge Some People More

48 : Consumer Surplus: Getting More Than You Paid For

49 : Net Present Value: What Future Income Is Worth Today

50 : Externalities: Calculating the Hidden Costs of Products

Bonus : Finding Time to Invest in Yourself