PART I
WEALTH
How to get rich without getting lucky.
BUILDING WEALTH
Making money is not a thing you do—it’s a skill you learn.
UNDERSTAND HOW WEALTH IS CREATED
I like to think that if I lost all my money and you dropped me on a random
street in any English-speaking country, within five or ten years I’d be
wealthy again because it’s just a skillset I’ve developed that anyone can
develop.
It’s not really about hard work. You can work in a restaurant eighty hours a
week, and you’re not going to get rich. Getting rich is about knowing what
to do, who to do it with, and when to do it. It is much more about
understanding than purely hard work. Yes, hard work matters, and you can’t
skimp on it. But it has to be directed in the right way.
If you don’t know yet what you should work on, the most important thing is
to figure it out. You should not grind at a lot of hard work until you figure
out what you should be working on.
I came up with the principles in my tweetstorm (below) for myself when I
was really young, around thirteen or fourteen. I’ve been carrying them in
my head for thirty years, and I’ve been living them. Over time (sadly or
fortunately), the thing I got really good at was looking at businesses and
figuring out the point of maximum leverage to actually create wealth and
capture some of that created wealth.
This is exactly what I did my famous tweetstorm about. Of course, every
one of these tweets can be extrapolated into an hour’s worth of
conversation. The tweetstorm below is a good starting point. The
tweetstorm tries to be information-dense, very concise, high-impact, and
timeless. It has all the information and principles, so if you absorb these and
you work hard over ten years, you’ll get what you want.
How to Get Rich (Without Getting Lucky):
The Almanack of Naval Ravikant: A Guide to Wealth and Happiness by Eric Jorgenson