BC LIFE
Saved by @CodyyyGardner

I've been studying @naval for years now.

I've read "The Almanack," listened to the full 3.5 hours of "How to Get Rich," absorbed his best podcasts, pondered countless tweets, and more.

Here are 20 highlights you should know (thread 👇):

 Sources:
Paradoxes:

"Answers to all the great questions are paradoxes … Pursuing them is actually really useful because then it gives you certain intrinsic understanding in your life that brings a level of peace." — @naval
Meaning:

"I think the closest I can articulate ... is to keep growing and learning in the short period of time that you have. To seek truth and to accept things the way they are. To see the world the way it really is. Then, just to live your life." — @naval
Desire:

If @naval could put on thing on a billboard, it would be:

"Desire is a contract you make with yourself to be unhappy until you get what you want."
Most Common Mistake:

"I think the most common mistake for humanity is believing you’re going to be made happy because of some external circumstance." — @naval
Happiness:

@naval's most surprising discovery in the last five years is that peace & happiness are skills & choices:

"The most important trick to being happy is to realize happiness is a skill you develop and a choice you make. You choose to be happy, and then you work at it."
Peace:

"Peace is happiness at rest, and happiness is peace in motion. You can convert peace into happiness anytime you want. But peace is what you want most of the time. If you’re a peaceful person, anything you do will be a happy activity." — @naval
Social Programming:

"You have to be very careful because sometimes the voices talking in your head that you think is you is actually social programming." — @naval
Single-Player Reprogramming:

"Life is really a single-player game. It’s all going on in your head. Whatever you think and believe will very much shape your reality." — @naval
Advice to his Younger Self:

"Be exactly who you are." — @naval
Big Life Decisions according to @naval :

- What you do
- Who you spend time with
- Where you live

Big Getting Rich Decisions:

- Knowing what to do
- Who to do it with
- When to do it
Priorities for @naval:

- Health (Physical, Mental, Spiritual)
- Happiness
- Love / Family
- Mission / Work
- Wealth
Most Important Skill (for getting rich):

"Becoming a perpetual learner. You have to know how to learn anything you want to learn." — @naval

Ultimate Meta-Skill:

"Reading (learning) is the ultimate meta-skill and can be traded for anything else." — @naval
Additional skills @naval mentions:

- Reading
- Writing
- Arithmetic
- Persuasion (which is talking)
- Computer Programming (an applied form of arithmetic)
- Execution (getting things done, solving problems)
- Wealth creation / making money
Subjects to study according to @naval:

- Read originals & classics

- Read the greats in math, science, philosophy

- Microeconomics, game theory, psychology, persuasion, ethics, computers

- Evolution, thermodynamics, information theory, complexity
Money:

"Money is not going to solve all of your problems; but it’s going to solve all of your money problems." — @naval

Wealth:

"My definition of wealth is oriented toward businesses and assets that can earn while you sleep." — @naval
Most Important Point:

"You’re probably not going to create wealth through work. There are many reasons for that, but the most basic is because your inputs are very closely tied to your outputs. You can’t earn non-linearly." — @naval
Entrepreneurship according to @naval is essentially an act of:

- Creating something new from scratch

- Predicting that society will want it

- Figuring out how to scale it and get it to everybody in a profitable, self-sustaining way
Your eventual outcome according to @naval will be the result of:

- You love to do it
- It’s natural and authentic to you
- You know how to do it the best
- Society wants it but doesn’t know how to get it
- Demonstrated judgment
- High accountability
- Leverage
- Long timescale
Find Founder-Product-Market Fit:

"The combination of the three should be your overwhelming goal. The most important thing for any entrepreneur is to find founder-product-market fit." — @naval
Long-Term Compounding:

"Impatience with actions, patience with results. I think that’s a good philosophy for life." — @naval

All the benefits & returns in life come from compounding:

- Wealth
- Relationships
- Love
- Health
- Habits
- Learning
- Reading
- Knowledge
- Creating

More from Life

Quinn Cummings
Quinn Cummings
@quinncy
Gather round, Gentle Readers. It is time I tell the story of the worst decision I ever made in an office. Some of you have heard this. Some have not. Whatever you do in your office today, this week, the rest of this year, you can console yourself by recalling this tale.

A long time ago, I was a talent agent. I worked for a woman named Susan Smith, who had her own small boutique agency. She was known for three things:

1. She had fantastic taste in clients. If there is someone you admire, odds are good that at some point, she was their agent,

2. She could negotiate a deal like few who have ever trod the earth. Casting would give her all the money they had budgeted for that part, plus a little more, plus promising to get her dog Barnaby groomed. She was magnificent to watch.

3. She was insane.

I'm sure you're thinking, "Quinn, it's the entertainment industry, they are all insane." Yes, many are. So consider this; if you told someone you worked for Susan, people who worked for insane people would look and you and whisper, "I hear she's insane."
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Naval
Naval
@naval
How to Get Rich (without getting lucky):

Seek wealth, not money or status. Wealth is having assets that earn while you sleep. Money is how we transfer time and wealth. Status is your place in the social hierarchy.

Understand that ethical wealth creation is possible. If you secretly despise wealth, it will elude you.

Ignore people playing status games. They gain status by attacking people playing wealth creation games.

You’re not going to get rich renting out your time. You must own equity - a piece of a business - to gain your financial freedom.
LIFE , STARTUPS , NAVAL1
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Corey Gwin
Corey Gwin
@corey_gwin
It doesn't happen because you want it to happen.

It doesn't happen because you made it happen.

It happens because you allow it to happen.

https://t.co/j5hPyw9m9m
LIFE
Sarah Oxford-Laughdugry, 4
Sarah Oxford-Laughdugr...
@sarah_ox_laugh
I'm just back for a COMPLETELY NECESSARY trip to a supermarket.

And... something dramatic happened.

So, okay, looks like we're going to have a little bit of a THREAD.

Buckle up for an unbelievable anecdote that gets to the heart of London life in this nightmarish pandemic.

(I won't name the supermarket, NOT because I don't want to shame the members of staff [I will be doing that privately by reporting their actions to the police later today - as soon as I've finished tweeting this thread], but because I don't want to give them free advertising.)

Okay, right. I'm still shaking so I'm struggling to write this out. I've opened a bottle of Campo Viejo Rioja (an underrated affordable offering which is currently on special offer at Tesco) to steady my nerves. No shame in that.

So. Yes. I was walking down the dairy aisle...

I saw a northerner.

(apologies for the delay, I'm on the phone to an upset friend - her husband of 15 years has just confessed to an affair with her own sister. It's not really the sort of situation where you can say, "Excuse me Julie, awfully sorry but I'm writing an incredible thread on twitter!")
LIFE
Mark Brown
Mark Brown
@MarkOneinFour
Some of you will probably know I'm currently grieving. It's a month since my fantastic sister died. I've been thinking a lot about loss, progress and reckoning and coming to terms, both personally and as a society. And I've been wondering: how will we remember the pandemic dead?

The UK is filled with memorials to the dead of wars, of disasters, of lifeboat crews and atrocities. We are a landscape haunted by attempts to remember the brave and the innocent. Villages, towns, businesses, communities: all grouped together to pay for plaques, statues, gardens

I have a terror that in our desire to get 'back to normal' we will forget those lost and things lost during the current pandemic. There's not an enemy they were overcome by; not a single flashpoint of tragedy. Those lost to the pandemic are an uncomfortable reminder of failure

Rebecca Solnit talks about hope only coming from knowing history. People may be optimistic about the future post-covid-19, but that's just desire and dream. For us to build a hopeful future we need to acknowledge and feel what has been lost; to repair and grow, not just erase

The thing is, I don't know if our communities know how to remember what is lost, not in ways that are meaningful to all of that community. Religion is a great enabler of remembrance, but that's not something everyone has. I'm wondering how we fully inhabit our collective sorrow
LIFE

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