Naval Ravikant - The 3 Rules To Get Rich

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Naval shares in a quick summary what are the 3 foundations that you will need if you want to get extremely rich over your lifetime.

Enjoy!

👉 Naval Ravikant

📲 How to Get Rich (podcast)
►    • How to Get Rich  

📚 Books
📖 The Almanack of Naval Ravikant, by Eric Jorgenson.
► Free - https://www.navalmanack.com/
► Amazon Store (affiliate Link - No Extra Charge) - https://amzn.to/3qNAKBc


---- Source ----
   • Naval Ravikant live [1st Periscope] Januar...  


✎ ✎ ✎✎ ✎ ✎✎ ✎ ✎✎ ✎ ✎ End Notes ✎ ✎ ✎ ✎ ✎ ✎✎ ✎ ✎✎ ✎ ✎

There is No skill called business.

Many of these products / services are usually in Technology (sector).

1. Specific Knowledge
(The product / service) will come out of your specific knowledge --Knowledge that only You have (or a small group of people).
• You build specific knowledge by following your passion, hobbies, genuine intellectual curiosity...
• If you implement your specific knowledge into a product / service -- You will get paid well because You will be the only one who can do it!

You scape competition through authenticity

Do something that other people don't know how to do. At scale and when (society) wants it.


2. Accountability
Build a Personal Brand along the way.
• Cost? -- Being accountable.

Where?
Twitter, Youtube


3. Leverage
work with No Leverage: x (units) of input -- x (units) of Output
work with Leverage: x (units) of input -- [ x (units) * Leverage ] of Output

The Kinds of Leverage available:
• (You need at least one of them)
• * 1) Labor
*** Other people working for You
*** Difficult to Maintain
** 2) Capital / Money
** 3) Products with No Marginal Cost of Replication
***(the most democratized leverage -- is permissionless)
*** e.g./ Books, Media, Code...


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#NavalRavikant #HowToGetRich

🎶 🎶 🎶 🎶 🎶 🎶 🎶 🎶 🎶 Music Credits 🎶 🎶 🎶 🎶 🎶 🎶 🎶 🎶 🎶

🎸 Audionautix
Your Intro by Audionautix is licensed under a Creative Commons Attribution 4.0 licence. https://creativecommons.org/licenses/...

Artist: http://audionautix.com/

🎸 LoFi Beats
Purrple Cat – Journey’s End
Watch:    • Видео  
Download/Stream: https://fanlink.to/AdventureIsland


-------- Time Codes ----------
0:00 - Intro
0:55 - Specific Knowledge
1:52 - Brand & Accountability
2:34 - Leverage
5:00 - Summary
6:00 Overshooting
6:52 - Notes Section
7:44 - Reflections



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