Naval Ravikant is one of the smartest entrepreneurs alive
Length: • 2 mins
Annotated by Peter
Naval Ravikant is one of the smartest entrepreneurs alive.
He was an early investor in Uber, Twitter, Notion and a dozen other killer companies.
He credits 10 rules for his success.
Here’re his ideas on building wealth while being happy:
Mindset matters.
• Value learning more than money. It'll pay off in the long run.
• Adopt an abundance mindset. There's enough success to go around.
• Focus on the process, not the outcome. It's about the journey, not the destination.
Specific knowledge is gold.
• Hone a unique skill. Make it your secret weapon.
• Use your knowledge. Apply it in ways others can't.
• Keep learning. Be curious and seek new experiences.
Build, don't chase.
• Attract success, don't pursue it. It'll find you.
• Do things you love. Passion fuels creativity and stamina.
• Create value, don't run after it. Make something people want.
Equity is power.
• Be patient. Good things take time.
• Own a piece. It's the real route to wealth.
• Go for long-term wins. Quick bucks are fleeting.
Leverage technology.
• Keep up with trends. Tech moves fast. Keep pace.
• Automate mundane tasks. Keep your focus on big ideas.
• Use tech to scale. It's the secret sauce of modern business.
Productize yourself.
• Be the brand. Let your uniqueness shine.
• Share your journey. Others will connect with your authenticity.
• Turn your passion into a product. There's a market for everything.
Embrace failure.
• Learn from mistakes. They're valuable lessons.
• Remember, it's okay to fail. It's not okay to give up.
• Fail forward. Each failure is a step towards success.
Happiness is a choice.
• Be content with what you have. It's a key to happiness.
• Don't tie happiness to success. They're not always linked.
• Aim high, but stay grounded. Ambition and contentment can coexist.
Networking is key.
• Be genuine. People connect with authenticity.
• Build relationships. They're your biggest asset.
• Give more than you take. It's the secret to lasting connections.
Reading is fundamental.
• Learn from the best. They've left clues in their writings.
• Read widely. Knowledge is the doorway to new ideas.
• Make reading a habit. It's an investment that pays back.
TL;DR:
• Equity is power.
• Embrace failure.
• Mindset matters.
• Build, don't chase.
• Networking is key.
• Productize yourself.
• Leverage technology.
• Happiness is a choice.
• Reading is fundamental.
• Specific knowledge is gold.
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Naval Ravikant is one of the smartest entrepreneurs alive.
He was an early investor in Uber, Twitter, Notion and a dozen other killer companies.
He credits 10 rules for his success.
Here’re his ideas on building wealth while being happy: