Naval Ravikant | The REAL Purpose of Money AND The Principles to GET RICH

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✅ Naval Ravikant
Naval is an entrepreneur and angel investor, a co-author of Venture Hacks, and a co-maintainer of AngelList.

⚛︎ ⚛︎ Source ⚛︎ ⚛︎
https://www.youtube.com/watch?v=3qHkcs3kG44&t=3983s&ab_channel=PowerfulJRE

https://www.youtube.com/watch?v=Q4RwgrBxG5M&ab_channel=Naval


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- The purpose of money is Freedom from your money problems.

- Retirement (end goal)
* When you stop sacrificing today for an imaginary tomorrow.
* When today is complete in and of itself.
• How to get there?
• * Earn Passive Income that covers your spending level.
• * Spend nothing.
** Do what you Love

WEALTH CREATION:

"You will get rich by giving society what it wants but does not
yet know how to get. At scale." - Naval Ravikant
• Implies:

** Leverage (e.g./ Code and Media)

** Do what you Love (Authenticity) -- Unique Skillset -- Specific Knowledge --- source of Creative Work
("Competition is for losers" - Peter Thiel)
"Building specific knowledge will feel like play to you but will
look like work to others" - Naval Ravikant

** Accountability
*** Put your name on it -- You own the Risks and Rewards.

** Product-Market fit

TRAPS

- Trap 1: To work for material rewards.
• Recipe for self-imprisonment.

- Trap 2: "That's easy for (someone rich) to say"
• It is not easy to get rich, but all the tools needed are out there.

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