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A review by nikki_s25
The Almanack of Naval Ravikant: A Guide to Wealth and Happiness by Eric Jorgenson
5.0
Naval Ravikant offers invaluable wisdom in the domains of wealth and happiness. My key takeaways are as follows.
Wealth is when you have assets that make you money when you sleep. With enough wealth, you can achieve the freedom to do things you desire without hindrance.
You can multiply your work efforts through leverage, aim to exponentially increase your output to input ratio.
"Give me a lever long enough and a fulcrum on which to place it, and I shall move the world" - Archimedes
There are four forms of leverage Naval describes:
1. Capital
2. Labor
3. Code
4. Media
Specific Knowledge is the what makes you different from everyone else, you are the best at being you. You can build specific knowledge by finding work that feels like play to you, you will always out-compete those who don't see it as such.
Happiness is a choice you make and can be achieved through habits and intention. You can control your reaction to the external world. Be present, it is a platitude but the majority of people fail to adhere to it. Let go of the ego. Embrace your mortality (Momentum Mori), a principle that grounds you and allows you to value your time and happiness more.
An overall insightful book that I would recommend everyone to read.
Wealth is when you have assets that make you money when you sleep. With enough wealth, you can achieve the freedom to do things you desire without hindrance.
You can multiply your work efforts through leverage, aim to exponentially increase your output to input ratio.
"Give me a lever long enough and a fulcrum on which to place it, and I shall move the world" - Archimedes
There are four forms of leverage Naval describes:
1. Capital
2. Labor
3. Code
4. Media
Specific Knowledge is the what makes you different from everyone else, you are the best at being you. You can build specific knowledge by finding work that feels like play to you, you will always out-compete those who don't see it as such.
Happiness is a choice you make and can be achieved through habits and intention. You can control your reaction to the external world. Be present, it is a platitude but the majority of people fail to adhere to it. Let go of the ego. Embrace your mortality (Momentum Mori), a principle that grounds you and allows you to value your time and happiness more.
An overall insightful book that I would recommend everyone to read.