💎 How to Get Rich - Naval Ravikant💎

I recently stumbled upon a podcast from Naval Ravikant (founder of AngelList and investor) that is 3:35 hours long. There are tons of insights, so I will split the highlights into several parts.

Part 1, here we go:

1. Seek wealth not money. You should want to become wealthy, not rich. Generate wealth that will work for you while you sleep. 🎩

2. Don’t be the top 1% at one thing. Be in the 25th percentile at 3 things. Combine stuff to make yourself unique. 🧠

3. You won’t get rich renting out your time! Ex. doctors and lawyers —> improve their lifestyles with increased paychecks. 🕔

There are only 24 hours a day you can rent out and if you are sick, not in a mood, or on vacation - you don’t earn.

4. Arm yourself with a specific knowledge - make yourself irreplaceable. 📖

Not only for your employer but also for society. If you provide society with smth valuable that only you can give, it will reward you disproportionately.

5. Learn how to build things and learn how to sell them. It is easier to first learn how to build stuff and then learn how to sell it than vice versa.

In other words, it is easier to teach a developer how to sell than a salesperson how to write code.

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