How to Get Rich
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- Опубликовано: 8 май 2024
- Intro 0:00
Seek Wealth, Not Money or Status 1:51
Make Abundance for the World 7:00
Free Markets Are Intrinsic to Humans 10:39
Making Money Isn’t About Luck 14:37
Make Luck Your Destiny 19:41
You Won’t Get Rich Renting Out Your Time 24:16
Live Below Your Means for Freedom 28:55
Give Society What It Doesn’t Know How to Get 31:15
The Internet Has Massively Broadened Career Possibilities 33:58
Play Long-term Games With Long-term People 38:36
Pick Partners With Intelligence, Energy and Integrity 44:36
Partner With Rational Optimists 49:20
Arm Yourself With Specific Knowledge 54:44
Specific Knowledge Is Highly Creative or Technical 1:01:04
Learn to Sell, Learn to Build 1:06:34
Read What You Love Until You Love to Read 1:12:09
The Foundations Are Math and Logic 1:16:57
There’s No Actual Skill Called “Business” 1:20:15
Embrace Accountability to Get Leverage 1:25:45
Take Accountability to Earn Equity 1:30:13
Labor and Capital Are Old Leverage 1:35:08
Product and Media are New Leverage 1:39:49
Product Leverage is Egalitarian 1:45:03
Pick a Business Model With Leverage 1:50:12
Example: From Laborer to Entrepreneur 1:55:57
Judgment Is the Decisive Skill 2:01:21
Set an Aspirational Hourly Rate 2:07:47
Work As Hard As You Can 2:11:31
Be Too Busy to “Do Coffee” 2:16:38
Keep Redefining What You Do 2:20:42
Escape Competition Through Authenticity 2:22:45
Play Stupid Games, Win Stupid Prizes 2:28:21
Eventually You Will Get What You Deserve 2:30:57
Reject Most Advice 2:35:04
A Calm Mind, a Fit Body, a House Full of Love 2:37:59
There Are No Get Rich Quick Schemes 2:42:05
Productize Yourself 2:46:46
Accountability Means Letting People Criticize You 2:48:40
We Should Eventually Be Working for Ourselves 2:52:17
Being Ethical Is Long-Term Greedy 2:56:42
Envy Can Be Useful, or It Can Eat You Alive 3:00:07
Principal-Agent Problem: Act Like an Owner 3:03:36
Kelly Criterion: Avoid Ruin 3:10:18
Schelling Point: Cooperating Without Communicating 3:11:59
Turn Short-Term Games Into Long-Term Games 3:13:39
Compounding Relationships Make Life Easier 3:16:20
Price Discrimination: Charge Some People More 3:18:49
Consumer Surplus: Getting More Than You Paid For 3:19:59
Net Present Value: What Future Income Is Worth Today 3:20:47
Externalities: Calculating the Hidden Costs of Products 3:21:49
Bonus Material: Finding Time to Invest in Yourself 3:23:31
Transcript: nav.al/rich
![How to Get a Developer Job - Even in This Economy [Full Course]](http://i.ytimg.com/vi/6nz8GXjxiHg/mqdefault.jpg)
Who is here after watching reel on instagram 😂😂
Me 😂
I am from that 20%
Here😂
Yo bro 😅
Meeee
Who is come from insta reel 😁💙
Edit: useless comment got 3k likes 😳
What the heck 🌚🤣
Me
Me
😁
Me
Eveyone come from reels i guess 😅
This is financial advice and I never give financial advice: DONT LEAVE DURING THE BEAR. If you don’t want to invest…learn. If you don’t want to learn…build. If you don’t want to build observe. DO SOMETHING…other than leave. There is so much opportunity here. Take advantage!
It took me 3 years to stop trying to predict what's about to happen in the market based on charts studying because you never know. Please, i need the help of your Investment advisor.
God bless you for sharing!
Really Excellent ‘pointer’/s🎯
woman advice
This is amazing. “How to build wealth”
The first step to building wealth is figuring out your goaIs and risk toIerance - either on your own or with the heIp of a financiaI pIanner, and foIIowing through with an inteIIigent pIan, you wiII gain financiaI growth over the years and enjoy the benefits of managing your money.
I am fortunate I made productive decisions that changed my finances (gathered over 1M in 2years) through my financiaI planner. Got my 2nd house in Feb, and hoping to retire soon. Give this a try and attain good-returns.
l’m amazed to partake on this, lt has rekindled the fire to my goals.
good stuff, deserves all attention
This will influence an entire generation of entrepreneurs, thank you Naval
Wait, da real cowbelly?
@@BlackZephyrReal bnb
I am thinking about a new type of restaurants: eating-spots
in eating-spots, food keeps changing, chefs also rotate
this is opposed to current restaurants,
thanks to this rotation of food and chefs, eating-spots are more powerful than restaurants,
along with that, there is an app,
people vote for the food that will be cooked in the next days
menu is influenced by the live input of the people via an app
Facts!
@@Zo-hc2fn Nice concept, but what about when people vote they wanted smoked ribs the next day? You need to smoke ribs 24h for fall off the bone best in the country. You'd have to maybe give them choices for the next meal. People love thinking they have influence, and the majority that won would be there for sure.
“The means of learning are abundant, it’s the desire to learn that is scarce.” -Naval
respekt!
respekt!
Play servicios tecnicos ok oncology poop I on jk o in joking k ok in j ok onlooking j position I look oki look jo in I’ll join onlooking ji I o jock o join ji I no o ji I opinion ok k I’ll kill lol look kkk Kim kkkk OK ko kkkko
Apollodorus that is so true.Ive found most people (not all) don't want to learn in contrast to the notion they can't learn.
I am thinking about a new type of restaurants: eating-spots
in eating-spots, food keeps changing, chefs also rotate
this is opposed to current restaurants,
thanks to this rotation of food and chefs, eating-spots are more powerful than restaurants,
along with that, there is an app,
people vote for the food that will be cooked in the next days
menu is influenced by the live input of the people via an app
There's a book called money's hidden magic, and it talks about how using some secret tehniques you can attract a lot of money, it's not some bullshit law of attraction, it's the real deal
Where can we find it for free?
where is your lambo
@@chamring0903 z library
Can you please tell me where I can get this book
Just download a pdf bro
it's kinda crazy how nobody's talking about the forbidden ebook called, Derp money,
Why is it forbidden?
Don't give a funk Scammer!!!
This 3 hour podcast could be a 4 year university degree!!! Amazing stuff
much better
Really?
Much better
Completely agree
I'm so sick of hearing, "I'd rather be poor now than rich then." lol
Could there be a more symbolic representation of this artificial society?
Hope, trust, faith, love - all dead to western humans.
Children systematically ruined by the state.
Being controlled to the point 'anti thinking for yourself' policy in place.
Borders of nations only existing in the form of not allowing the more successful to expand.
"Every women is a whore - but I have an electric toothbrush!"
Half your wealth Thanos snapped every 10 years.
___
And the entirety done in away so that if you're intelligent enough to see it all - you can't even call it out - because TV is the God of idiots, and idiots decide policy in democracies.
-----
I pity the man who values this tripe.
Found this at 19. Hopefully I look back at this in 5 years
Hey, whats your take after 2 days?
You can look back at it poor too. Make sure you look back at it rich.
Same my boy this shit is really my foundation
I'm 23 bro. I'll do the same as well and yo that's us 🙂
Nice job guys. I’m 34 haha it’s all relative. When I was your age, we weren’t even able to really get this content online. When I was in my last years of college, we weren’t watching these types of vids on YT. Hats off to you for being ahead of the game and using your resources wisely 👍
Joined the Navy at 18 with 7k in the bank. I did janitorial and smoked a lot of pot in high school. Left the Navy after months with 40k in the bank. Invested 30k in the S&P stocks. Started working at UPS, Exide Battery and did concrete on Saturdays. Invested 1k a month every month into it with my Financial advisor James Fletcher Brennan, Cashed out 350k from the S&P Cashed out and Semi retired at 31. Took a year off. Traveled. Came home and started working part time just for the insurance, entertainment and pocket change and still investing in stocks with a 3 million net worth, Work isn't work when you don't have to work. Becoming wealthy can be done in few years. It feels like 60hr work weeks. Feel the pain of discipline early or feel the pain of regret later. I wish everyone well!
You’re really killing the FIRE game. I wish to have this someday
this is why i love coming back to this podcast, there's always something to inspire me, congratulations sir, you've done very well for yourself this is very inspiring
James Fletcher Brennan, I think I saw this name on the news sometime talking about the stock market. he must be very reliable
Thank you so much. I'm really fascinated about Investing and I'm lucky I saw your comment. I’ll look him up and drop a message. You really inspired me. God bless you.
Perhaps some of the most invaluable insights ever compressed into 3.5 hrs. Huge replay value, a real gem of a gift for all.
Can we just appreciate he didn’t spam ads/no ads , he really wanted to share this with us
Even his podcast on spotify doesn't include ads, just pure gold.
He is already extremely wealthy but I agree it tells very positively about his character.
I swear man yooo literally a gem 💎
Yeah he already mentioned that in this podcast. He does this maintain his credibility. He doesn't want to make money off by telling people "how to make money".
sure
1:19:47 Five most important Skills 1. Reading 2. Writing 3. Arithmatic 4. Practical Persuasion 5. Computer Programming ..skills for life
Philosophy and game theory
Why computer programming?
Because future is digital and also you can build a product by yourself which is scalable
He also said microeconomics & psychology was good to learn but whats funny is, he also said 'social science is fake science'... such contradictions.
@@vicnad92 i try to take all information with a grain of salt because no one has all the puzzle pieces. But I am seeing much value in what he’s saying. Now I need to fit the information using my other life experience. He says things that you will get on your own if you sit there and think quite a bit. But he brings uniqueness to the idea.
This podcast is liquid gold...extracted from whole experience of his life!..which he is giving us for free!!
Every time i listen to this, i understand new thing, i understand old things betters, get new ideas and also ways to implement them. This is an absolute gem.
Crazy how he talks without taking breaks and barely uses any filler words
Almost no umms and ehhs either.
Yes, similar to dandapani
And no annoying mouth sounds, such as lip smacking. Best podcast episode, ever.
Yeah smoothie
Have probably been cut out.
Found this at 32. Never too late. The best has only begun
I love this, I was raised in the JW cult from birth and was brainwashed until 18-19yrs when I broke free. We where taught it is bad to pre-sue. I’m 21 and going to apply these points and see what happens :)
Just found this at 32 how’s it working for you?
i will carry all of this throughout my entire life. This podcast is making others lives better
Found this podcast at the beginning of my entrepreneurship/"mindset enlightenment" journey. Revisit it annually. So on point.
I can't believe how good this is. I only knew vaguely of him through Tim Ferris. He really became wise over the years. He learned his lessons and he really gets the model of the last twenty years. The story about him reading WSJ at a meeting even early in his career is something we all wish we could have done or even do now. He just never stopped doing it and respected his own time while still caring about the mission of the organization.
If you are a listener and/or student of Napoleon Hill, Bob Proctor, Earl Nightingale, etc. Then you will recognize that you were supposed to find Naval and his podcast and the knowledge he is giving us. The frequencies are aligned. This is amazing stuff.
jim rohn
i know you said etc, however Robert Greene needs to be mentioned by name too!
I like it
Spot on
Omg so true
18:50 freedom!
27:00 your own projects, especially leveraged ones are much riskier
29:00 once you’re making money as an entrepeneur, you should reduce your worry, not increase your lifestyle and maintain your worry
30:10 you wanna get paid in big discrete chunks, I.e. take big swings instead of being addicted to salary
1:04:00 Scott Adam’s quote
1:51:03 power of digital economies of scale ,
2:24:05 authenticity is your moat
2:31:15 it’s gonna take time, so stand on the mountain side and keep throwing rocks until the avalanche comes
2:34:50 pmf is inevitable if the market exists and you’re willing to keep trying
2:35:18 what makes your rich with highest success rate is systems not goals
2:39:16 a calm mind, a fit body and a house full of love - you’ve gotta work on these every day
2:41:50 ultimate material goal is to not have to be at specific places, at specific times doing things you don’t genuinely want to do
2:50:40 take advantage of free leverage from tech,
2:52:38 sunk costs are one of the biggest threats to your personal progress, 2:53:20, 2:54:35, 2:56:00,
2:49:00 being a creative means allowing people to hate on you
3:03:25 Envy can be a powerful booster module
2:57:00 business has a huge trust component (with collaborators, customers, etc)
3:03:00 Naval’s Walter White moment
👍🏻
Can we please appreciate the interviewer too? I mean so patiently listening and absorbing the knowledge storm by Naval
Naval is just the best, I have listened to it many times and every time I come back I learn new things and implement them back to my business and relationships.
Thank you Naval!
I learnt more from this one podcast than the entire school and college combined. Information on this podcast is ESSENTIAL and TIMELESS.
Thank you Naval. Your podcasts has given me so much intellectual means to understand the world better
Hey Naval, could you update this episode, please make another one for several hours, I’ve been listening to this one too many times again and again and I think you still have a lot knowledge to share :)
Fell asleep with RUclips open and woke up listening to this and loved it. Amazing video, very motivating. Thanks for the video
podcast is so spot on. He hit the right audience with this. Up at 3 am watching this and so glad he shared this with us all
Just wow. I wonder how many times I "went back" to take notes. This will be heard more than a few more times!
I have this podcast on my schedule each night. And I can definitely tell you that if you have heard it only once, I guarantee you that you are going to miss 80% of the most important things. Highly recommend you to listen to it for one week and you will see how much more you will remember on a daily basis. Insane that this is online for free. This literally can 100% change anyone's life.Good luck everyone!
How did it change yours , if it did
2 hours an d30 mins in I noticed you were still dropping gems. wow, thank you for this amazing in depth content
Wow. im 6 minutes in and im already absolutely blown away. This is the best thing ive seen on youtube. How it only has 260k views just shows how we as a society know very little about the money game: wealth vs status.
1.5 million now, 9 months later! :D
2.9 now
This podcast is gem. One could literally build the whole strategy of life, business and relationship. Awesome. Every podcast segment is a gem.
Fr
When in other podcasts you have to look for golden nuggets of knowledge, this one is a one fucking big golden nugget
@@krzekotowskia🎉vv7fvab
It's been 3 years, Are you rich now?
Wow i actually could not keep up because he keeps spitting out information, this is hands down the best guide on personal wealth
I read your twitt storm every month.
You've influenced me to be a better entrepreneur, and helped me focus on the future I want to create, and the community I want to surround myself with.
Thank you Naval.
This is the type of knowledge that people pay for and he gave it away for free. I am so grateful for this and many videos/tweets like it🙏🏾
I revisit this podcast ever so often. That's how good and on point it is.
Its similar to listening to different masters, whether thats Godin, Naval, Thiel, etc, you can take one sentence or paragraph of wisdom and meditate and act on it for a week.
Woah...do you mind us sharing insights on it
Are you rich yet ?
@@johnmoscato4648 Lol. No.
@@KirkBuchanan I was not trying to make fun of you, it was a genuine question! Thanks for your time !
I am listening to this Podcast 5th time. I am just cant figure out why this video is free? The amount of knowledge this Podcast has is insane.
Man Idk how many times I've listened to this!! so soothing. Naval is something else. love this man massively!!
I tend to fall asleep on youtube and wake up to random videos playing, I guess youtube is trying to tell me something by showing me this wonderful video
this happened to me !!!! thankful for it's landing 🙏🏽✨
Literally same story. This is great content, glad it fell in my lap.
Just happened to me too.
That's exactly what happened to me !!!
Literally me too!
This interview has more densely packed gems of wisdom than any I've heard before. Thank you for sharing.
A tremendous amount of value. Thank you, this is brilliant 👏
One of best Podcast ever listen in my life ...
Thanks Navel for such amazing true words
Don’t think anyone has ever released content with more value, maybe equal value, but this is the pinnacle.
Actualized.org exists
Can you suggest other such things plzz
Ray Dalio have great content.
J
@@rushikeshwagh1494 ax and
no one can compete with you being you, you being authentic and unique, when you copy, you have to get into competition with others - super
The most impressive thing in this podcast is that these are ideas he had a long time ago and build everything around it. He followed his ideas and got successful. I think we should learn from that and start having our own ideas and acting on them.
I love this
True to his word, Naval has kept this whole long video completely ad free.
A fatherly talk a lot of us needed. This is gold.
Merry Christmas Naval! Thank you for adding to the already invaluable information.
When I think about specific knowledge, the first thing I think about is Mark Twain’s ‘Life on the Missississippi’, where he talks about learning how to pilot a steamboat. The language he uses to try to describe his job is so exactly what Naval is talking about here, but with Twain’s unique power of language, that it really takes my breath away. Always has.
What is best about this podcast is the abundance of it
It is just so beautiful hearing someone talking about all the stages he went through and seeing you are going through what he already went.
Found this at 18 right as I'm starting my business this stuff is gold
i found this podcast in mid 2023 and now it's 2024 may and i'm watching this on loop since 4days to understand and grasp everything
This combination replaces a lot of books. I am coming back to it every few months, sometimes picking specific sections. Is just great!
It really is life changing. Don't read 20 self help book. Read this( almanac of naval it exists) and listen 100 times. You will build new thoughts and knowledge on top of these thoughts. You will get what you want out off life. Guaranteed.
If this is unedited, the free flow of his articulate thoughts is mind boggling.
I had the same thought. Even if it is edited, it’s done seamlessly. I’m blown away.
This is treasure that needs to be listened again and again
This is BRILLIANT ❤ thank you for sharing this!! Such a blessing!
I learned more in this podcast than finance school about how to get rich. And the best of it is Free. Feel blessed!
That's true man
I had to record this for later replay. This was a wealth of knowledge. Thank you for these lessons. 🙏
I am 18 Right now beginning this podcast and surely come back at 25.
This RUclips video especially with the time stamps is like a learning resource
Merry Christmas Naval! Thanks for such a great gift
This podcast is so damn jam-packed that you have to listen to it more than once.
I listen to this in segments coz it takes time to digest the information given.
yes!
Absolutely!
New video going up at 11am pst
@@limboslim4296 me too
Thank you for robbing me of my sleep tonight. I made the mistake of listening to this brilliant recording as I went to bed and it’s been so incredibly insightful and inspiring that it’s now midnight and I’m obsessing over the information that’s been conveyed at the expense of being able to fall asleep 😂
FINALLY TODAY I WATCHED THE WHOLE VIDEO , Learned so may new things .
Investors should prepare their portfolio and ensure it beats the market, I’m trying to take full advantage of the current market,I’ve allocated my capital in a safe and sustainable way but still leave room for excitement for individual stocks, cryptos and new exciting opportunities!
Great to see this strategy being used by someone, It's not about how much it's more about being regular with your investments.
For my crypto investments, I’m currently buying like crazy during these times, I’ll be selling at the peak of the next bull market whenever that is.
@@joerobert1801 impressive. Ultimately, the actual aim to meet or even beat the market, hopefully my portfolio achieves that.
@Zachary Owens absolutely, There are lots of stocks that will most likely continue to see success throughout the year
remember guys, this comment section right here is rigged, i've seen so many on most podcast with economic topics, don't believe everything said on internet, be smart.❤️
I've listened to EVERY video on this channel. Naval Ravikant has become my mantra.
I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement. I'm seeking to invest $200K across markets but don't know where to start.
This seems like the worst period.Even the markets are very unpredictable.started investing recently when the market prices were a bit high,today i am more than 60% down
The current situation is incredibly dire for people in the United States and other countries. The global economy is facing a significant downturn, with increasing inflation rates and unemployment figures.
Having an investment advisor is the best way to go. Based on a direct encounter with a CFP named Betty.......... Sue........ Blanchard, I can say with certainty that their skills are excellent. She helped raise over 580,000 in 18 months from an initially stagnant port-folio of 150,000
Fantastic! can u share more details?
Cant reveal much info, she is the shrewd advisor responsible for my portfolio success, it's only right you look her up and confirm yourself.
The amount of knowledge in this piece of content is staggering
I'm so grateful for the information shared in this podcast. I'll be studying it throughout the year. Thank you and may Blessings abound!
the best one on this topic, I've ever listened to. shared it already. thank you so much
Every time I listen to this I discover new ideas and perspectives that I haven’t thought of yet.
Naval this entire podcast is a book! I hope one day My grand children will one day ask what contributed the most to my success I hope that one day I can show them a book from all the wisdom you poured in this podcast
You were great on Rogan. I'm gonna definitely check this out.
Dear Naval, thank you so much for the amazing content that you gave to us for free. I am looking forward to the happiness podcast. I wish you all the best.
Im 39 and ready to start investing in myself and leave my 9-5 job. I sure hope im not the only old head in here ready to make a change. Great podcast. Ill need to listen to it more & more. As well as stsrt taking action
Hey did you ever leave that 9-5?
I think I am gonna come to this podcast every now and then.
I'm such a big Naval fan. He's the master of logic and can articulate difficult subjects so well. A fountain of knowledge here
I made some notes and this changed my life. I'm not exaggerating, as a teenager, this was more than gold.
This is the best podcast in my entire life , watched 4 times. Got huge clarity.
Realy great💯
What are some of the aha moments you had after watching it the first time and every time thereafter?
This is best podcast in the World that i have listened ever, thanks so much naval sir
I don't think many people understand the value and information this podcast is providing. This is literally a treasure if one want to start a business and become wealthy. I am 21 at the moment I am watching this podcast and gonna start an online business soon. I consider this my luck that I come to know about this podcast. Taking all notes of this podcast. I hope I can take action in accordance to this amazing podcast.
Have you started your online business yet? How are things going?
Dış you think HES living Same life
Keep us updated! How's it going?
Update?
Can you forward these notes through insta or something?
About an hour into this podcast I am realising that this is very knowledgeable as well as motivating in a calm and collected manner. Just through his logical assessment of various situations he is teaching as well as motivating me to step up to my potential. Moreover it’s a video I will listen to multiple times for sure, will dissect his knowledge more and more and will make this one that I come back to for some wisdom time and time again. I’m ready to take some concrete steps to change my life and guess what, more than the motivation this podcast has given me the simple belief in myself to be able to be happy. All the best to you as well!
how are you doing now?
The word compounding just impressed me a lot and the logic behind it long term play games
I'm here to learn how to trade and also to invest. After listening to a guy on a live program about the importance of investing and how he made $410k in 4 months from $145k, somehow this video has helped shed light on key points, but I'm still confused as a newbie and I'm open to meaningful ideas.
@Carta Yes, you're right, it's not watching all videos wasting time on strategies, I was ignorant doing so till I met Rheagan Max Deplonty last year at a startup funding event in Washington DC.
He had some interesting things to say about the state of algorithmic trading today, obviously I'm seeing results, and my trading is going smoothly.
Investing in Stocks is the wisest decision, If you've not been involved in any you're missing out.
Nobody becomes a millionaire or billionaire by working for others and depending on them, good investment brings millions of dollars.
@@noelleancona7917 Most importantly If you know how to trade you can make huge returns no matter where you find yourself.
I’m truly grateful that people like Naval are democratizing knowledge, now it’s up to each of us to make things happen. There are no excuses
“Later in life, like 21 - 22...”
Me, watching this at 30+ 😭
😂😂 We are MANY!
Yup ☺️
38 years here...don't let that trip you up..everyone's journey is different.
age is just a number, I'm considered young but i still feel like i am late to the party. Keep at it and we'll all eat at the end of the road!
I p0wened the pandemic.
Normal dude .. did 2mil since mar2020.
You got this!!! No one stops you but you. I believe you can do it
In my opinion, this is one of the greatest podcasts ever recorded. It changed my life since the first time I heard it.
Thoughts and Ideas seem to flow out of him naturally. I wonder how much he reads to become so articulate. I found myself pausing to absorb information at about every 5 minutes intervals.
This advice is pure gold , I’m grateful for coming across it 💯
"Escape competition through authenticity"~ Naval ❤️
Found this insightful, I have a tailoring background and now I can code. Will come back in three years to tell you how it goes.
There is absolutely nothing suspicious of a video with 3 million views and not a one negative. This is truly amazing. Thank you
truly amazing and life-changing
7 years in the game, took all the advice of his to heart and unfortunately failed all equity deals but created some promising IP in the process. Let’s keep going 💪
I can't believe that this information is out there for free.
Been listening to this podcast every day.
This has become my Mantra to keep me on track.
Thanks, Naval.
Naval is truly Amazing man!!
@@thegreattyler7878 he is!
So many good insights in this one, it's a gem!
Found this at 18.Hopefully I look back at this 10-15 years later
Aaaaaand Im going for a second round lol. Mind you this my first time ever being on your channel. Thank you sooooo much for taking the time to make transcripts it has made taking notes 1000X easier.
You got snapchat?
just remember it, don't take notes, then go out there and do it
I think it's made with an AI, luckily.