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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] J...  


✎ ✎ ✎✎ ✎ ✎✎ ✎ ✎✎ ✎ ✎ 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...


✎ ✎ ✎✎ ✎ ✎✎ ✎ ✎✎ ✎ ✎ ✎ ✎ ✎ ✎ ✎ ✎✎ ✎ ✎✎ ✎ ✎✎✎✎✎✎✎

#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:    • Purrple Cat – Journey’s End  
- 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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