How To Get Rich | Naval Ravikant's Principles of Wealth Creation 

get ad blocker

Subscribe To RU-vid Red and Stop Being Cheap

Download Brave :)

@@smartjackasswisdom1467 yes! brave is the best

@@DaBlockPartyTvShow please tell me you are being sarcastic

Bringing in on during this time is the best time

I believe if you think it's simple it becomes hard. reverse psychology.

Hope you're kicking ass!

@@aloishe It's been an interesting and uncertain journey, but I'm here and wouldn't trade it for anything!

@@jasonstallworth best wishes..

@@jasonstallworthGive em hell! You’re an inspiration and I hope it’s going well pal

Hope it is going well man.

"Look at the kids who are born rich - no meaning to their lives. Your real resume is just a cataloging of all your suffering." -Naval R

@@daviddog33 "Look at the kids who are born rich - no meaning to their lives. Your real resume is just a cataloging of all your suffering." - Nav R

start with investing in stocks and go from there!

We are on the same boat, my friend!

@@pascadaniel well brother, if either of us ever figure it out, let the other one know :D !

@@adastra8218 have you had any success with investing?

Its about the behavior you have that will determine who you become. Stay patient and stay the path, your time will inevitably come

Broh Indian from kerala ✌🏼

It will come brother.

I was about to comment the same thing 😄

Not everyone deserves to listen this

Indian from Kerala 🇮🇳

The best thing Ive heard today

making your money invisible" is such a simple powerful concept that I think it is a darn shame that it isn't taught in schools.

Don't think the government have good plans for us maybe side hustle or investment could help

Talking about side hustle and investment are you into any am confused which is okay?

Well there are a lot: Nio stock, Real estate investment, ZOM, Tesla, Bitcoin, and alot more.

nothing is impossible! YOU CAN DO IT!! don’t give up, my simple trick that always works is looking at the situation now and imagining me laughing at how it was

Same problem here kinda

that's the point, when you face the facts that's when you start the change

Have you changed something about it ?

But the amount of people who do unique things should be maximized

I don't think he's saying that everyone could do it lol. It's more of a roadmap to what's working. You can very well hear all this and say I'm fucked. Or you can hear it and it makes all the difference.

I think you should watch naruto vs neji episode highly recommended

Wow. Nothing you said means anything. Thats whats really amazing.

@@ThunderAppeal ... Comprehension ... You revealing more about yourself.

@@wayando Indeed. Morons like you think you say something profound, but like many wanna be 'thought leaders' like yourself, you say nothing and idiots believe you.

@@ThunderAppeal ... You continue to provide even more data about yourself ... I have zero doubt now.

@@wayando Then I clearly have something of value. You however, like all good 'thought leaders' do not.

I agree with him wording it incompletely; leaving the practical "how" unanswered but I believe I can help: 1) using leverage: the internet is leverage because it allows creators to sell their ideas/products/intellectual property..., it allows you to sell to anyone around the world through banks and cryptocurrencies, it allows you to brand your idea on your website which you can monetize, in some cases you don't even have to touch your merchandise- there are companies that will do this for you for FREE, it never closes, and most importantly, whoever is looking for what you're selling, they can have instant access to you. Financial leverage is more like using a bank's money instead of yours, but not through a personal loan but through a business loan; more on this later. 2) your idea should be something you love, or if you want to learn and are curious about other things, you can leverage the power of RU-vid and watch free tutorials. But this is the shocker: running a business is so much more than just being good at x. You will have to learn so much but it is SO worth it! If you can create your business on paper, meaning if you file/register your Limited Liability Corporation, this will allow you extremely good advantages than doing business as an individual. You can take your LLC paperwork to the bank and apply for a business loan. You want this because banks LOVE doing business with people that KNOW and can show that they are competent in running a business like a business and that it already has a river of revenue every month.

@@alexxchavezee goo start. but i think i rather need to develop some idea that serves others well instead of something i love and preferably nothing i loath. nothing that can be copied. üter thiel makes restaurants the anti-example of business to open. any food will do, you can eat cheaper if you cannot afford it otherwise. and competition is high. eventually people will catch up and either copy or surpass you so no entrepreneurship will be static forever, the universe itself is not. but that would not be bad and it means you made a successful impact.

@@alexxchavezee we live in a changing world, economy included, and in most party of the world you are rich if you control the scarce resources. people cannot replace them with surrogates, food water. in an industrilaized society this applies to jobs in general, because unless you are hardcore frugalist that can let go of all luxuries and live of fw things, you need to work. nobody has demonstrated reasonably that we can be all entrepreneurs and all live relatively free and even as entrepreneur you are bound to either customers or investors and need to satisfy them. in other words there is no total freedom. it is a fairy tale no one should pursue, i like riding motorcycles, it gives me the feeling of freedom, I do not pretend it is freedom, and if all people started to ride motorcycles like the industry selling those bike wants to, we would end up not feeling free except when all those crowds that gather on two wheels somehow trigger some hard wired neurons in your brain, and you feel like a teenager when you enjoyed being in large crowds, back in that age when people are young, they are lost and look out for connections to others because that makes their lives meaningful. We could all do well in cars half that size we ride now, we would get safely to work, and anything....but we compete a little and get quickly dissatisfied. I have doubts that this entrepreneurship advice works for a lot of reasons, I admit I cannot really present them well, it is not my job to do such things, I did not earn a humanities degree or any journalism degree where some people develop the finest presentation skills and I do not refer to some loud and proud youtubers like Jordan Peterson or Ben Shapiro whose overconfidence and shallow intellectual depth is quite boring and the people who flock to them make me facepalm permanently. So far we only look at people where entrepreneurship worked or is working.....what about all those people who did well and than things crashed anyway. I think success is way more statistical, it is easier to listen to Naval and work on those things of internal attitude, but even Naval captures some things with terms like judgement naming some investor and that his surplus in good investments lead him to be a guy that other investors entrust him billions with because his results can be seen and are therefore credible. That is a good example, and many people in office environments never get there because superiors keep them busy with bullshit or assign them crappy work to frustrate them expecting them not to thrive and maybe leave the company all together. You only get to have such reputation when you fly around for long and even then you can be discovered to be a manipulating con man who successfully conspired and fooled people and embezzled their money "wolf of wall street" like. - praising some unknown companies to have people buy their stocks and materialize profits by having them bought for a low price. - pretending to have a revolutionary technology that improves medical tests and paces the results being fast. (Elisabeth Holmes, Theranos read how they mobbed employees who found that their technology or the promises it deals were never achievable in the first place, Holmes wanted the fame and was even sponsored by former US presindet Clinton and people from such circles, even they are either too stupid or particpate willingly in that fraud) In is a great dream to be the first as an entrepreneur.... yet think of a real genius like Einstein. His theory predicted black holes(he was not the first to conceptualize such an idea, but his work furthered the previous works, and another dude solved his equations and therefore the event horizon bears his name Schwarzschild radius) or gravitational waves of which Einstein himself said, do not even try to measure them, they are impossible to measure. It took like 80 more years to get there, progress exceeds life times and especially that shorter span you are part of the work force. Mark Zuckerberg was a smart dude, but he was lucky too, he will most likely never pull off anything else like Facebook and he deserves all he earned inspite of the well incured criticism for selling data and pimping it to people with shady intentions like manipulation of elections.

Naval in a sense is a modern prophet.

He said nothing about becoming a star. Notoriety and fame are the opposite of what he's saying. He's talking about making a living and finding happiness while doing it. Nothing more. You don't need to be a star to be happy or make a living.

@@KenMcCann being better than anybody is like being a star.

___ He specifically points out that comparing yourself to others will not lead to happiness.

@@KenMcCann you need to compare yourself to others to find out if you are better than anybody.

Or sell your image online. Everyone has something to offer or maybe you can finally learn those things you always wanted. In my line I see tons of independent contractors and it's great money but it's too damn physical and still you're only getting money when you're working, and that's only one income unless you can generate more.

It's going to be a while before robots pick up trash, drive trucks, repair roads, take care of the elderly etc. Once those jobs are removed, then what do all those people do? They're not all going to be entrepreneurs and programmers. Guys like this live in a very small world.

Automated Luxury communism is the answer

What do u mean girl