This post is part of the 📖 The Almanack of Naval Ravikant series.
Today, I am reading Find Work That Feels Like Play 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 Get Paid for Your Judgment section from the Wealth: How to get rich without getting lucky chapter.
Wealth: How to get rich without getting lucky
Find Work That Feels Like Play
I would rather be a failed entrepreneur than someone who never tried because even a failed entrepreneur has the skill set to make it on their own.
What you really want is freedom. You want freedom from your money problems, right? I think that’s okay. Once you can solve your money problems, either by lowering your lifestyle or making enough money, you want to retire.
What is your definition of retirement?
Retirement is when you stop sacrificing today for an imaginary tomorrow. When today is complete, in and of itself, you’re retired.
How do you get there?
- One way is to have so much money saved that your passive income (without you lifting a finger) covers your burn rate.
- A second is you just drive your burn rate down to zero—you become a monk.
A third is you’re doing something you love. You enjoy it so much, and it’s not about the money. So there are multiple ways to retirement.
Whether in commerce, science, or politics — history remembers the artists.
Art is creativity.
Art is anything done for its own sake. What are the things that are done for their own sake, and there’s nothing behind them?
Loving somebody, creating something, playing.
Value freedom above everything else. All kinds of freedom: Freedom to do what you want. Freedom from things you don’t want to do. Freedom from your own emotions or things that may disturb your peace.
The winners of any game are the people who are so addicted they continue playing even as the marginal utility from winning declines.
Do I have to start a company to be successful?
The most successful class of people in Silicon Valley consistently are either the venture capitalists or people who are very good at identifying companies that have just hit product/market fit.
Some of the most successful people I’ve seen in Silicon Valley had breakouts very early in their careers.
They got promoted to VP, director, or CEO or started a company that did well reasonably early.
If you’re not getting promoted through the ranks, it gets a lot harder to catch up later in life.
Be much more interested in solving problems than making money.
Value freedom above everything else.
It’s good to be in a smaller company early because there’s less infrastructure to prevent early promotion.
- The way to get out of the competition trap is to be authentic, to find the thing you know how to do better than anybody. You know how to do it better because you love it, and no one can compete with you.
That’s it for today. Tomorrow, we will continue to read the How to Get Lucky section.
Author(s): Eric Jorgenson
Part 9 of 33 in the 📖 The Almanack of Naval Ravikant book series.