Naval Ravikant is a Titan in the world of investment and entrepreneurship. As an Angel Investor, he has invested in over 200 startups, most notably Uber, Twitter & Notion and is the co-founder & CEO of AngelList.
His success and wisdom are widely celebrated in popular culture. He regularly attends seminars, interviews and hosts podcasts while teaching people about wealth creation and happiness.
His journey, wisdom & several snippets of life have been compiled within a single document by Eric Jorgenson.
The content of the Almanack has gained critical acclaim in the business ecosystem.
Here are the 7 life-changing lessons that I learnt from The Almanack of Naval Ravikant:
1) Everyone can be rich: Yes, you heard that right! Given the proper utilization of resources and technology, skills of each individual can be leveraged to the maximum.
Thus automated money-making becomes effortless having the right knowledge at the right time.
2) Build specific knowledge: It’s highly important to grow and develop specific skill set and knowledge in any niche.
The specific expertise in that particular genre can take anyone very far in their career.
3) Read, read & read: There’s no substitute to incessant reading to gain knowledge. Consuming books & enriched articles religiously should be a priority for acquiring useful information in any discipline.
4) Find happiness in acceptance: Not everyone gets everything. To compare your frailties is quite unhealthy too.
No external belonging can incite happiness. All sort of happiness is created from within. And the best way forward is to optimize the inner self and accept the external realities of life.
5) Find work that feels like play: One can easily be overworked if work is plainly done blatantly.
If anyone “plays” 16 hours a day, the work becomes effortless. And that only happens when your passion meets your profession. Someone “playing” 16 hours-a-day will always beat the one working 16 hours-a-day.
6) Play long-term games with long-term people: Short-term games only create short-term outcomes. The people in your life have a huge role in cultivating specific virtues.
We should always be careful choosing those people around us. Make sure to move forward with people that you think you can build long term connections with.
7) The present is all we have: Thinking of the past or the future will reap no benefits in return. Instead, the focus should be on creating the best scenario in the current context as well.
This book is a must-read for anyone aiming to make money with abundant wisdom. Naval’s pathbreaking views on wealth, happiness and wisdom is a lesson to many, if not all for getting the best out of YOURSELF.