4.10 - Read Naval

If you want to go deeper on all of this, read Naval Ravikant. He's a startup investor and writer who, over the last decade, has assembled the clearest modern framework on wealth, success, and how they relate to a good life. Almost everything in this part owes something to him.

Four things worth working through:

• His tweetstorm "How to Get Rich (without getting lucky)". About a hundred tweets, readable in twenty minutes. Almost every line deserves a pause.

• The long podcast episode walking through the tweetstorm in detail. About three hours. Worth all of them.

• His blog. The essays are short and dense. Read a few a week until you've read them all.

• The Almanack of Naval Ravikant: A Guide to Wealth and Hapinness by Eric Jorgenson - is a compilation of Naval's thoughts and ideas.

A few of the ideas you'll find there, which echo and extend what's in this part:

• Wealth, money, and status are three different things. Wealth is assets that earn while you sleep. Money is how we transfer value. Status is your place in the social hierarchy. People chase status thinking they're chasing wealth, and optimize for money thinking they're optimizing for wealth. The distinctions matter.

• Wealth is created, not earned. You don't get rich renting out your time. You get rich by owning a piece of something that scales: equity, products, intellectual property, audience, a business that runs without you.

• Apply specific knowledge with leverage, in a way that can't easily be replaced. Specific knowledge is the kind you can't be trained on. Leverage means tools (capital, code, content, people) that multiply your output.

• Play long-term games with long-term people. Compound interest applies to relationships and reputations, not just money.

Spend a few weeks with his work. The ideas in this part will land deeper after.