Naval Ravikant Quotes
Best 30 How to Get Rich (without getting lucky) Quotes by Naval Ravikant
How to Get Rich (without getting lucky) Quotes
“An army of robots is freely available - it's just packed in data centers for heat and space efficiency. Use it.”
“Apply specific knowledge, with leverage, and eventually you will get what you deserve.”
“Arm yourself with specific knowledge, accountability, and leverage. Specific knowledge is knowledge that you cannot be trained for. If society can train you, it can train someone else, and replace you.”
“Become the best in the world at what you do. Keep redefining what you do until this is true.”
“Code and media are permissionless leverage. They're the leverage behind the newly rich. You can create software and media that works for you while you sleep.”
“Don't partner with cynics and pessimists. Their beliefs are self-fulfilling.”
“Embrace accountability, and take business risks under your own name. Society will reward you with responsibility, equity, and leverage.”
“Fortunes require leverage. Business leverage comes from capital, people, and products with no marginal cost of replication (code and media).”
“If you can't code, write books and blogs, record videos and podcasts.”
“Ignore people playing status games. They gain status by attacking people playing wealth creation games.”
“Labor means people working for you. It's the oldest and most fought-over form of leverage. Labor leverage will impress your parents, but don’t waste your life chasing it.”
“Learn to sell. Learn to build. If you can do both, you will be unstoppable.”
“Leverage is a force multiplier for your judgement. Judgement requires experience, but can be built faster by learning foundational skills.”
“Pick an industry where you can play long term games with long term people.”
“Pick business partners with high intelligence, energy, and, above all, integrity.”
“Play iterated games. All the returns in life, whether in wealth, relationships, or knowledge, come from compound interest.”
“Reading is faster than listening. Doing is faster than watching.”
“Seek wealth, not money or status. Wealth is having assets that earn while you sleep. Money is how we transfer time and wealth. Status is your place in the social hierarchy.”
“Set and enforce an aspirational personal hourly rate. If fixing a problem will save less than your hourly rate, ignore it. If outsourcing a task will cost less than your hourly rate, outsource it.”
“Specific knowledge is found by pursuing your genuine curiosity and passion rather than whatever is hot right now. Building specific knowledge will feel like play to you but will look like work to others.”
“Study microeconomics, game theory, psychology, persuasion, ethics, mathematics, and computers.”
“The Internet has massively broadened the possible space of careers. Most people haven't figured this out yet.”
“There are no get rich quick schemes. That's just someone else getting rich off you.”
“There is no skill called “business.” Avoid business magazines and business classes.”
“Understand that ethical wealth creation is possible. If you secretly despise wealth, it will elude you.”
“When specific knowledge is taught, it’s through apprenticeships, not schools. Specific knowledge is often highly technical or creative. It cannot be outsourced or automated.”
“When you're finally wealthy, you'll realize that it wasn't what you were seeking in the first place.”
“You should be too busy to “do coffee," while still keeping an uncluttered calendar.”
“You will get rich by giving society what it wants but does not yet know how to get. At scale.”
“You’re not going to get rich renting out your time. You must own equity - a piece of a business - to gain your financial freedom.”
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“There’s no such thing as a perfect life. No matter what you choose or what happens to you there is a way to assign meaning to it that will make it all worthwhile.”
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