Smart Friends Naval Ravikant on How to Build Wealth
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Feb 25, 2021 
Naval Ravikant, an entrepreneur and angel investing guru, shares his wealth-building insights and principles. He differentiates between true wealth and mere money, emphasizing that wealth comes from valuable assets and authentic passions. Naval discusses the power of specific knowledge and the evolution of leverage, advocating for a focus on technology and creativity. He also highlights the importance of life choices and reputation in career success, while exploring the journey toward happiness beyond financial gains. Prepare for a thought-provoking dive into wealth creation!
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Wealth Creation as a Skill
- Learn how wealth is created, as it's a skill anyone can develop.
- Focus on knowing what to do, who to do it with, and when to do it, rather than just hard work.
Seek Wealth, Not Status
- Seek wealth (assets that earn while you sleep), not money or status.
- Ignore status games; focus on providing society with what it wants but doesn't yet know how to get.
Long-Term Games and Essential Skills
- Pick an industry with long-term potential and partners with high intelligence, energy, and integrity.
- Learn both to sell and to build for unstoppable success.