This post is part of the 📖 The Almanack of Naval Ravikant series.
Today, I am reading How to Get Lucky section of the Wealth: How to get rich without getting lucky chapter from the 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.
Yesterday, I read Find Work That Feels Like Play section from the Wealth: How to get rich without getting lucky chapter.
Wealth: How to get rich without getting lucky
How to Get Lucky
There are really four kinds of luck we were talking about.
- Blind luck where one just gets lucky because something completely out of their control happened. This includes fortune, fate, etc.
- Luck through persistence hard work, hustle, and motion. This is when you’re running around creating opportunities. You’re generating a lot of energy, and you’re doing a lot to stir things up. You’re just generating enough force, hustle, and energy for luck to find you.
- Become very good at spotting luck. If you are very skilled in a field, you will notice when a lucky break happens in your field, and other people who aren’t attuned to it won’t notice. So, you become sensitive to luck.
- The last kind of luck is the weirdest, hardest kind, where you build a unique character, a unique brand, a unique mindset, which causes luck to find you.
Ways to get lucky:
* Hope luck finds you. * Hustle until you stumble into it. * Prepare the mind and be sensitive to chances others miss. * Become the best at what you do. Refine what you do until this is true. Opportunity will seek you out. Luck becomes your destiny.
“In a long-term game, it seems that everybody is making each other rich. And in a short-term game, it seems like everybody is making themselves rich.” - Babak Nivi.
To get rich without getting lucky, we want to be deterministic. We don’t want to leave it to chance.
Your character and your reputation are things you can build, which will let you take advantage of opportunities other people may characterize as lucky, but you know it wasn’t luck.
When someone spends too much time talking about their own values, or they’re talking themselves up, they’re covering for something.
If someone is talking a lot about how honest they are, they’re probably dishonest.
The worst outcome in this world is not having self-esteem.
- Suppose you are a trusted, reliable, high-integrity, long-term-thinking dealmaker when other people want to do deals but don’t know how to do them in a trustworthy manner with strangers. In that case, they will literally approach you and give you a cut of the deal just because of the integrity and reputation you’ve built up.
That’s it for today. Tomorrow, we will read the Be Patient section.
Author(s): Eric Jorgenson
Part 10 of 33 in the 📖 The Almanack of Naval Ravikant book series.