Naval Ravikant - The 3 Rules To Get Rich

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Naval Ravikant - The 3 Rules To Get Rich

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Күн бұрын

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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 - www.navalmanac...
► Amazon Store (affiliate Link - No Extra Charge) - amzn.to/3qNAKBc
---- Source ----
• Naval Ravikant live [1...
✎ ✎ ✎✎ ✎ ✎✎ ✎ ✎✎ ✎ ✎ 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, KZfaq
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. creativecommon...
Artist: audionautix.com/
🎸 LoFi Beats
- Purrple Cat - Journey’s End
- Watch: • Purrple Cat - Journey’...
- Download/Stream: fanlink.to/Adv...
-------- 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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*****

Пікірлер: 56

@deepakjoshi-dj 2 жыл бұрын

1. Specification knowledge 2. Own brand and accountability 3. Leverage There are three types of leverage 1. Labour 2. Capital (Money) 3. No marginal cost of replication like Book, Movie, Code

@lopezklu 2 жыл бұрын

thanks for the TL;DW recap

@Dave_of_Mordor Жыл бұрын

so in other words, he's not saying anything and everyone thinks he was giving out free knowledge 😮‍💨

@pratiktiwariramji 9 ай бұрын

thanks

@cadillacman2141 2 ай бұрын

A burning desire, very few people have that

@MSSirAcademy 2 жыл бұрын

Grossly underrated channel. Naval shares top notch content... Listening him changes my perspective around career and other aspects. Thanks buddy...keep doing

@PickingNuggets 2 жыл бұрын

Much appreciated! Thank You :)

@leotechie2415 2 жыл бұрын

But who on earth has rated this channel, just observe if possible and there is nothing called rating , may be there is for few people but does that matter . People with and who can provide value will always be top notch irrespective of their reach : apologies if its offensive for anybody 🌞 glad to have known naval Ravikant

@davypaul9827 Жыл бұрын

literally was coming to type the same comment. Underated is an Understatement!( LOL I couldnt resist, is clever but mort importantly a True statement! Bravo!

@PickingNuggets Жыл бұрын

Thank you so much ❤️

@davypaul9827 Жыл бұрын

@@leotechie2415 Its a figure of speech, a way to say : It should be more popular, more acknowledgements, more awareness and sharing, is the point. Simply put its a kind compliment, you seem to take it too literal and possibly triggering for some reason. Stay Smilin'

@CoreyHinde 2 жыл бұрын

Help more people - the more people you help, the higher the rewards.

@ironwill4204 Жыл бұрын

How do u help them from a paid course..?

@bmejia220 Жыл бұрын

Yes

@bmejia220 Жыл бұрын

@@ironwill4204helping people learn is one of the most valuable things you can do for someone. You can double your annual income by learning a skill. It’s quite helpful to teach others.

@Killua_x_99 9 ай бұрын

So the most important thing is to build an audience you can help

@the3rdworlder293 2 жыл бұрын

This had me in an awe despite the many I heard of it before now.. your notes on top of it were treasurable. You're my superhero from now on bro

@PickingNuggets 2 жыл бұрын

Appreciate it very much :)

@sahngcobo 2 жыл бұрын

Brilliant as always ...there are givers who know how to break down information to fit proper basic meaning ..thanks

@PickingNuggets 2 жыл бұрын

Thank You :)

@Ducky_logan 2 жыл бұрын

Every time. I learn something new. Civic knowledge. Passions and hobbies. :)

@Sahilxoxoxo 4 ай бұрын

Can't believe this is two years ago, whatever he said about AI and cutting edge Technology revolution is happening now.

@hemantsinghal5439 2 жыл бұрын

Great stuff Naval!! So simply explained.

@mikeymanjiro1357 2 жыл бұрын

Well, the accountability part is the hardest part for me, putting my Name and my face, and i was considering it 100x times for do or no for the accountability

@pfuhad3760 2 жыл бұрын

Thank you😍

@sangameshmetre5057 Жыл бұрын

Become best at something society needs

@poxola.stones Ай бұрын

This is deep

@vanessam9784 Жыл бұрын

Pure goals , thank you so much .

@alkeshpatel6695 Жыл бұрын

too good information ,I appreciate the knowledge of naval sir ,

@Dylan-fe2mp 2 жыл бұрын

Great chart. Pretty understandable. Thank you!

@PickingNuggets 2 жыл бұрын

Thanks !

@ryanjriveraph Ай бұрын

Digital Products🔥

@len0i0am 2 жыл бұрын

great content!

@PickingNuggets 2 жыл бұрын

Thank you !! I see you are about to get some cheese on your nuggets! Thanks for the support ❤️

@len0i0am 2 жыл бұрын

@@PickingNuggets yes I can't wait for the cheese!!

@yakankou2230 2 жыл бұрын

How do an artist apply this nuggets ?

@johnyang1420 10 ай бұрын

If they dont like your art….nothing. Buy an art studio that is already cashflowing ala Dan Pena. Better yet….buy business in healthcare and make a fortune and buy any art you want.

@denoffitness3379 5 ай бұрын

❤❤❤amazing

@alexr5316 2 жыл бұрын

Great Video! Wonder how this could translate to a medical doctor, doesn’t matter which specialty. Any ideas?

@JasonJohnContos Жыл бұрын

Design a medical product

@daniel.chicote Жыл бұрын

Read "Expert secrets" by Russel Brunson.

@yokoso2386 Жыл бұрын

Summarize how to make money by naval : you have to get rewarded by society by giving it what it wants and it doesnt know to get elsewhere 1. figure out what product/service that society wants but does not yet know how to get and you have become the person that delivers that and delivers that at scale usually in Tech spesific knowledge = knowledge that only you know or small set of people know and it is basically come out of your passions, innate talents, hobbies and inttelectual curiosity, if you have that you are more likely to have skill sets that society does not know yet how to train other people on how to do, because if it can train other people how to do something, and then it can replace/paid minimun wage so you want to know how to do something that other people dont know how do at the time period they want and you have to take that spesific knowledge with accountability on a brand lastly you have to have leverage as example : 2 hours of work = 2x input 8x input = 8x output without leverage if you use leverage + making the right decision : 8x input = 64x output with leverage

@bhavnaparasrampuria3748 Жыл бұрын

Awesome!

@PickingNuggets Жыл бұрын

thanks!

@braaap56 2 жыл бұрын

🔥🙌🏼

@chaseryder Жыл бұрын

Can someone elaborate how one leverages with code?

@drytube6907 Жыл бұрын

My interpretation is that building products using code

@PickingNuggets Жыл бұрын

your code can keep serving customers while you sleep

@explorewithshaa Жыл бұрын

leverage is something which eases your task of doing something. In this case, a software product / code gives you a leverage to solve people's problem with bare minimum dependancy on others if you know coding. And it's scalable as well.

@kaynesheenan Жыл бұрын

Ace

@thequestion3953 7 ай бұрын

Errrr I think there are few holes in the first point. He makes the point that you get specific knowledge where you pursue something you’re deeply interested in and then all of a sudden it becomes valuable, then he talks about Deep Learning and AI. But that is an extremely cherry picked example. There are several university professors that never got rich pursuing the thing they were deeply interested in. Also I have a feeling a lot of the people who came to AI at the right time had a good inkling that they were onto something huge (i.e. the people who are the chiefs at the big AI labs). Then he goes onto say have a huge public brand, but again, there are plenty of rich anonymous people.