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Naval on Twitter
“How to Get Rich (without getting lucky):”
success  wealth  howto  advice  tips  business  career  money 
5 days ago by aries1988
Wade Alters - How to Get Rich (without getting lucky) - by Naval...
(it's a long list; go to the FB post)

How to Get Rich (without getting lucky) - by Naval Ravikant

1. Seek wealth, not money or status. Wealth is having assets that earn while you sleep.

3. Understand that ethical wealth creation is possible. If you secretly despise wealth, it will elude you.

5. You’re not going to get rich renting out your time. You must own equity - a piece of a business - to gain your financial freedom.

6. You will get rich by giving society what it wants but does not yet know how to get. At scale.

7. Pick an industry where you can play long term games with long term people.

8. The Internet has massively broadened the possible space of careers. Most people haven't figured this out yet.

9. Play iterated games. All the returns in life, whether in wealth, relationships, or knowledge, come from compound interest.

10. Pick business partners with high intelligence, energy, and, above all, integrity.

11. Don't partner with cynics and pessimists. Their beliefs are self-fulfilling.

12. Learn to sell. Learn to build. If you can do both, you will be unstoppable.

13. Arm yourself with specific knowledge, accountability, and leverage.

14. Specific knowledge is knowledge that you cannot be trained for. If society can train you, it can train someone else, and replace you.

15. Specific knowledge is found by pursuing your genuine curiosity and passion rather than whatever is hot right now.

16. Building specific knowledge will feel like play to you but will look like work to others.

17. When specific knowledge is taught, it’s through apprenticeships, not schools.

18. Specific knowledge is often highly technical or creative. It cannot be outsourced or automated.

19. Embrace accountability, and take business risks under your own name. Society will reward you with responsibility, equity, and leverage.

20. The most accountable people have singular, public, and risky brands: Oprah, Trump, Kanye, Elon.
wealth  money  how-to-get-rich 
7 days ago by lwhlihu
Brandy Jensen on Twitter: "basically all rich people are out there committing a massive amount of crime and we only really notice when we accidentally put them in charge of our administrative murder machines"
“basically all rich people are out there committing a massive amount of crime and we only really notice when we accidentally put them in charge of our administrative murder machines”
2018  wealth  rich  BrandyLJensen  twitter 
8 days ago by handcoding
Jeff Bezos’s Path to Becoming the Richest Person on Earth
Great vertical detailed and flashy timeline of a few billionaires' wealth evolution and important business events
dataviz  unusual-viz  timeline  datajournalism  economics  wealth 
9 days ago by stevecarufel
I asked, you answered: 7 provocative money opinions - lwhlihu@gmail.com - Gmail
So many people are waiting around for some magical day to live a Rich Life, when in reality, you can live it today. Maybe you can’t stay at the penthouse in Paris, but you can travel there. Maybe you can’t fund a $250,000 scholarship, but you can donate $500. And one day, you’ll be able to do even more than you can imagine. Christina will go far in life.

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But I focus on what I can control. When I was born, it was clear I would never be in the NBA — fine. On the other hand, it was clear I would dominate the shit out of my classmates in spelling bees. Also fine.

Then there were the gray areas, like starting a business, becoming more fit, and learning to be better in dating. I had to learn those skills and work really, really hard.

This is where mindset comes in. So many people expect this to be easy. They complain about politicians and sociological problems without looking around at their own behavior. They give up at the first sign of failure. They let their Invisible Scripts control them instead of the other way around. If you want to be a passenger in life, fine — go with the flow. I’ve found it’s a lot more fun to be the captain of my own ship, even if I go off course sometimes

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I doubt poverty is in Lori’s DNA — but I’m willing to bet her family has a series of unconscious behaviors and Invisible Scripts that explain her lack of financial success. (Just as successful people have secret habits that make them successful.) Once you identify them, you can change your behaviors and attitudes.

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People spend more time reviewing their dinner plans on Yelp than being conscious about who they want to marry. And when people are conscious about their dating search (e.g., by making a list of key values that matter to them), they get mocked — “Too picky!” Totally absurd. My fiancee and I sat down with a goddamn Google Calendar invitation and Google Doc agenda to discuss number of kids, finances, etc. Take this seriously.
money  wealth  ramit-sethi  success  marriage  life-advice 
11 days ago by lwhlihu

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