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The almanack of Naval Ravikant.

This book by Naval is an absolute gold that describes your relationship with wealth and happiness. Naval is an angel investor and the founder of Angellist. This book includes Naval's sayings and philosophical knowledge which is resurfaced through his talks, podcasts, tweets, and blogs. It is a guide for wealth and happiness.



Wealth

Making money isn't a thing you do it's a skill you learn. Getting rich is about knowing what to do, what to do it with, and when to do it. It is much about understanding than purely hard work.

Getting rich is about knowing what to do, who to do with, and when to do it. It is just much more about understanding than purely hard-work. Money is how we transfer wealth. Money is just social credits. It is the ability to have credits and debits of other people’s time. Making money is a skill. People will pay you for the things which they want. You should have that skill which no one else has but only you have it so that people won’t ignore you and without you, they can’t get things done. That’s how you can turn your money-making skill into an asset. Wealth is the thing you want. It is that matter which will help you earn money when you are asleep. Society always wants new things. If you want to be wealthy then you need to figure out the new things and just stay updated. So that nothing gets you out of a blue. If you have to be an asset then you need to be the best at your game. You need to be so good at something so that you can’t be replaced.

The most interesting and the most important form of leverage is the idea of products that have no marginal cost of replication. Coding, writing books, recording podcast, tweeting, Youtubing these kinds of things are permission less you don't need anyone's permission to do them and that's why they are very egalitarian. What people want in life is to have control of their own time. People optimize for independence rather than for a high-paying job. You should do the things for their own sake that's when you create your best work.

Making wealth is not a one-time process. It takes a lot of slow and steady struggle to pile up the whole bunch of small things.

No one is going to value your money more than you. You just have to set a very high personal hourly rate and you have to stick to it. If you can outsource something or not do something for less than your hourly rate outsource it or don't do it. If you can hire someone to do it for less than your hourly rate hire them.

Find work that feels like play. Find a job that seems like a hassle for others and much of a game for you. When you know how to play with your work around you won't be bored from it.

Money isn't evil at all. But the race to earn more money never ends. Lust for money is just like a bottomless pit. It will always occupy your mind. The best way to stay away from the constant love of money is to not upgrade your lifestyle as you make money. To an extent where money buys you freedom, it is great but when it holds you back then it starts to become worse.

Retirement is when you stop sacrificing today for an imaginary tomorrow. How to get into the retirement stage? Well, you should have a lot of money where you don't depend on your pension or you can burn your needs that you don't spend much.

You can find luck. To generate luck you need a lot of persistence, hard work, hustle, and motion. When you are running around and mixing all the strings up you can hope luck to find you. But for that, you need to hustle until it finds you.

Getting rich requires a lot of time. It's not an immediate thing you need patience. There is an intermediate amount of time you have to put in. Money isn't going to solve your problems it's going to give you freedom. It is a reasonable step to go ahead and make money. Being successful isn't about making the right judgment but avoiding the wrong ones repeatedly.


Happiness

Happiness isn’t about positive thoughts it’s about being desire-less. If you don’t desire and just stay in the moment with what you have and not think about the past or the future. If you want to be happy then you have to think beyond good or bad. The thing is reality has no judgments. Reality is neutral the way we react to reality makes it good or bad. When you accept that you have no cause to be happy or unhappy. Those things almost don’t apply. Real happiness is a side-effect of peace. Most of it is going to come from acceptance, not from changing the environment.

Happiness is a choice that we make. Being happy is not being positive and jolly every time. Being happy means being peaceful inside. Desire keeps you away from peace. It’s not wrong to have a desire the only thing is you should have one big desire one at a time. “Desire is a contract you make with yourself to be unhappy until you get what you want”. Ask yourself what you want instead of looking out for other’s what they want from you.

In any situation in life, you always have three options: You can change it, you can accept it, or you can leave it. If you want to change it you won’t stop until you get what you desire and change it. No matter how worse the situation is first to learn to accept denying the reality won’t change anything you will be in a fake world. What isn’t a good option is to sit around wishing you would change it but not change it, wishing you would leave it but not leaving it and not accepting it.

If you like this summary then subscribe to our mailing list at the bottom of this page. Buy Naval’s book here.

 

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