Naval explains how to manage your time by gaining it back! How? Use leverage, accountability and specific knowledge.

Enjoy!

(P.D. I'm not any of the speakers on the video)

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---- Source ----
   • Naval: Periscope #2  


-----New Update-------
- There is a mistake in the expression input/output. It should be: Output = Amount_of_leverage * Input

#Naval #Ravikant #Periscope #Time #Management

---- Notes ----
A great goal in life: To not have to be in a certain place at a certain time.

Be accountable for your output, not your input.

Shoot for independence, rather than a good pay.

We live in the age of leverage, and if you are a worker you want to be a leveraged as possible. You want big output, from a small imput (input = Amount_of_leverage * output ).

Leverage forms --- Labor, Capital, Code & Media. The latter (Code & Media) is permissionless.

To control your time (if you are a worker): Get into a leveraged job in which you can control your own time, and you are tracked on your outcomes. If you add value, they will have to pay you what you are worth.

You normally add value by using leverage, accountability and specific knowledge.

When they pay you what you are worth, you can have your time back. And then you can be hyper-efficient, and not worry about time management.

You ultimately want to be paid for your (leveraged) judgement. That's how you get to master your time. A small increase in better judgement & capabilities, with a high amount of leverage, can translate into huge outcomes (amplification effect).

Example: CEO's (in big companies) are so highly paid because they are extremely leveraged, and so a slightly better judgement can translate in billions of dollars.
How to develope the good judgement (in your art)? You have to absolutely love to do it. Nobody can compete in being you. So, PRODUCTIZE YOURSELF !