This post is part of the 📖 The Almanack of Naval Ravikant series.
Today, I am reading introduction chapter of the brand new book The Almanack of Naval Ravikant: A Guide to Wealth and Happiness written by Author, Jack Butcher.
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?
The Book The Almanack of Naval Ravikant: A Guide to Wealth and Happiness is a collection of Naval’s wisdom and experience from the last ten years, shared as a curation of his most insightful interviews and poignant reflections.
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 - Naval Ravikanth
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 skill set 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. — Naval Ravikanth
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.
This tweetstorm is the genesis of this book.
How to Get Rich (without getting lucky):
— Naval (@naval) May 31, 2018
Productize Yourself
If you’re looking toward the long-term goal of getting wealthy, you should ask yourself,
- Is this authentic to me?
- Is it myself that I am projecting?
And then,
- Am I productizing it?
- Am I scaling it?
- Am I scaling with labour or with capital or with code or with media?
Key Takeaways
- 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.
Summary
Productize Yourself
"Productize" and "yourself." "Yourself" has uniqueness. "Productize" has leverage. "Yourself" has accountability. "Productize" has specific knowledge.
So all of these pieces, you can combine them into these two words.
That’s it for today. Tomorrow, we will read the final section What’s the difference between wealth and money?
Author(s): Eric Jorgenson
Part 1 of 33 in the 📖 The Almanack of Naval Ravikant book series.
The Almanack of Naval Ravikant: A Guide to Wealth and Happiness - Day 2