This post is part of the đź“– 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.
Yesterday, I started a brand new book The Almanack of Naval Ravikant: A Guide to Wealth and Happiness and left the middle of the first chapter Wealth: How to get rich without getting lucky.
Part I
Wealth: How to get rich without getting lucky
What’s the difference between wealth and money?
Money is how we transfer wealth.
Money is social credits. It is the ability to have credits and debits of other people’s time.
If I do my job right, if I create value for society, society says, “Oh, thank you. We owe you something in the future for the work you did in the past. Here’s a little IOU. Let’s call that money.
Wealth is the thing you want. Wealth is assets that earn while you sleep. Wealth is the factory, the robots, cranking out things.
Wealth is much more businesses and assets that can earn while you sleep.
Keep Redefining What You Do
Key Takeaways
- Technology democratizes consumption but consolidates production. The best person in the world at anything gets to do it for everyone.
Summary
- Society always wants new things. And if you want to be wealthy, you want to figure out which one of those things you can provide for the society that it does not yet know how to get, but it will want and providing it is natural to you, within your skillset, and within your capabilities.
That’s it for today. Tomorrow, we will read the final section Find and Build Specific Knowledge
Author(s): Eric Jorgenson
Part 2 of 33 in the đź“– The Almanack of Naval Ravikant book series.
The Almanack of Naval Ravikant: A Guide to Wealth and Happiness - Day 1 | The Almanack of Naval Ravikant: A Guide to Wealth and Happiness - Day 3