Naval Ravikant is master in investing, happiness and philosophy! None of these are related but he has this talent mix. He re-shaped my thoughts recently by his wisdom.
In 2018, Naval posted 28 tweets on how to build wealth that I wish I knew earlier:
1. Seek wealth, not money or status.
Wealth means creating assets that work for you even when you’re not working.
2. You’re not going to get rich renting out your time.
If you exchange time for money (like in a salary or hourly job), your earnings are capped by the hours you work. To build true wealth, you need scalable systems or products.
3. Earn wealth by owning equity.
Instead of trading time for money, you should own parts of a business or asset that grows in value over time.
4. Develop specific knowledge.
Specific knowledge is the unique set of skills and insights you acquire by pursuing what genuinely interests you. It is your competitive advantage.
5. Learn to build and learn to sell.
The combination of creating something valuable (“building”) and persuading others of its worth (“selling”) is essential. Both skills multiply your ability to create wealth.
6. Take accountability by putting your name on the line.
When you accept responsibility and take risks publicly, you signal trust and commitment.
7. Use leverage to multiply your efforts.
Leverage means using tools that allow you to do more without a linear increase in work. In today’s world, code, media, and capital are examples that can help you scale your impact.
8. Embrace the power of technology and the internet.
The digital age has lowered the barriers to building and distributing products or ideas. This democratization of leverage means that almost anyone with the right skills can reach a global market.
9. Play long-term games with long-term people.
Sustainable wealth comes from relationships and partnerships that compound over time. Trustworthy, committed collaborators help you build value that lasts.
10. Harness the power of compounding.
Like compound interest in finance, your reputation, relationships, and accumulated knowledge all compound over time, producing exponential benefits in the long run.
11. Follow your genuine interests rather than conventional paths.
Your best work comes when you’re passionate. Pursuing what you love naturally leads you to acquire the unique, specific knowledge that sets you apart.
12. The cost of entry is lower when you leverage what you already know.
By building on your talents and interests, you making it easier to start on the path to wealth.
13. Retain ownership; don’t give away too much equity.
Maintaining a significant ownership stake in your projects means that as they grow in value, so does your personal wealth.
14. High accountability leads to higher rewards.
The more you are willing to stake your reputation and accept responsibility, the more you can benefit when success comes.
15. Wealth is built by creating enduring value.
Instead of focusing on short-term profits, work on building assets or businesses that serve others and appreciate over time.
16. Your reputation and personal brand are invaluable.
A strong personal brand and reputation open doors and build trust.
17. Maintain your integrity.
Long-term wealth is sustainable only when built on trust and integrity.
18. Pursue what you love.
Passion fuels persistence and innovation.
19. Focus on scalable, hard-to-replicate projects.
True wealth comes from projects that can reach many people without a corresponding increase in effort.
20. Exploit technology as a multiplier.
Use tools like software, the internet, and media to expand your reach.
21. View failure as a learning opportunity.
Mistakes and setbacks are inevitable on the path to wealth. Embrace them as essential feedback that will refine your approach and build resilience.
22. Remember that wealth is a means to freedom.
The ultimate goal isn’t just to accumulate money. it’s to secure the freedom to live life on your own terms and to pursue your passions without constraint.
23. Avoid get-rich-quick schemes.
Real wealth is rarely achieved overnight. It requires time, persistence, and continuous value creation, not shortcuts or speculative bets.
24. Status is a zero-sum game; wealth isn’t.
Competing for social status often means one person’s gain is another’s loss. In contrast, wealth benefiting many people.
25. Money is a byproduct of value creation.
Instead of obsessing over money itself, focus on doing work that makes a meaningful impact. When you create genuine value, money will follow naturally.
26. Invest in yourself continuously.
Your skills, knowledge, and well-being are your most important assets. Ongoing self-improvement is the best investment you can make for long-term success.
27. Be skeptical of trends that promise instant success.
Focus on long-term projects that build real, enduring value rather than chasing every new shiny opportunity.
28. Wealth ultimately gives you the freedom to give back.
The final reward of building wealth is not just personal freedom but also the ability to contribute positively to others and leave a lasting impact on the world.
Mohsin With E 
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