I just finished reading The Almanack of Naval Ravikant. This is really a great and inspiring book. I enjoyed the reading and plan to reread it again. There are lots to think during the reading. So even though it is not a long book, it is good to take some time to read it carefully. As it is said in the book, “Reading a book isn’t a race—the better the book, the more slowly it should be absorbed.” After reading the book, I feel eager to read more books.
The book touched lots of areas in life: wealth building, career, health (physical and mental), compounding interest, mindset, peace, happiness, networking, diet, etc. Much more to think about life. I took following quotes from the book for myself to reread and think. There are a lot behind these notes.
- “Understand ethical wealth creation is possible. If you secretly despise wealth, it will elude you.”
- “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”
- “Arm yourself with specific knowledge, accountability, and leverage.”
- “Embrace accountability, and take business risks under your own name. Society will reward you with responsibility, equity, and leverage.”
- “Judgment requires experience but can be built faster by learning foundational skills.”
- “Study microeconomics, game theory, psychology, persuasion, ethics, mathematics, and computers”
- “Productize Yourself”
- “Wealth is the thing you want. Wealth is assets that earn while you sleep. Wealth is the factory, the robots, cranking out things. Wealth is the computer program that’s running at night, serving other customers. Wealth is even money in the bank that is being reinvested into other assets, and into other businesses.”
- “It’s much more important today to be able to become an expert in a brand new field in nine to twelve months than to have studied the “right” thing a long time ago.”
- “It’s much better to be at 9/10 or 10/10 on foundations than to try and get super deep into things”
- “All the returns in life, whether in wealth, relationships, or knowledge, come from compound interest”
- “If you are paid for renting out your time, even lawyers and doctors, you can make some money, but you’re not going to make the money that gives you financial freedom. You’re not going to have passive income where a business is earning for you while you are on vacation”
- “The real wealth is created by starting your own companies or even by investing.”
- “Earn with your mind, not your time.”
- “Judgment—especially demonstrated judgment, with high accountability and a clear track record—is critical”
- “I haven’t made money in my life in one giant payout. It has always been a whole bunch of small things piling up. It’s more about consistently creating wealth by creating businesses, creating opportunities, and creating investments. It hasn’t been a giant one -off thing. My personal wealth has not been generated by one big year. It just stacks up a little bit, a few chips at a time: more options, more businesses, more investments, more things I can do.”
- “Value your time at an hourly rate, and ruthlessly spend to save time at that rate. You will never be worth more than you think you’re worth.”
- “Being anti -wealth will prevent you from becoming wealthy, because you will not have the right mindset for it, you won’t have the right spirit, and you won’t be dealing with people on the right level. Be optimistic, be positive. It’s important. Optimists actually do better in the long run.”
- “Figure out what you’re good at, and start helping other people with it. Give it away. Pay it forward.”
- “You don’t get rich by spending your time to save money. You get rich by saving your time to make money.”
- “It’s actually really important to have empty space. If you don’t have a day or two every week in your calenda r where you’re not always in meetings, and you’re not always busy, then you’re not going to be able to think. You’re not going to be able to have good ideas for your business. You’re not going to be able to make good judgments. I also encourage taking at least one day a week (preferably two, because if you budget two, you’ll end up with one) where you just have time to think”
- “Reading science, math, and philosophy one hour per day will likely put you at the upper echelon of human success within seven years.”
- “Read what you love until you love to read.”
- “Read the greats in math, science, and philosophy. Ignore your contemporaries and news. Avoid tribal identification. Put truth above social approval”
- “If you’re a perpetual learning machine, you will never be out of options for how to make money”
- “Don’t take yourself so seriously. You’re just a monkey with a plan”
- “Happiness is the state when nothing is missing. When nothing is missing, your mind shuts down and stops running into the past or future to regret something or to plan something.”
- “The world just reflects your own feelings back at you. Reality is neutral. Reality has no judgments.
- “Most of our suffering comes from avoidance.”
- “Happiness is a choice. If you believe it’s a choice, you can start working on it.”
- “A lot of our unhappiness comes from comparing things from the past to the present.”
- “It’s way more important to perfect your desires than to try to do something you don’t 100 percent desire”
- “Mathematics helps with all the complex and difficult things in life”
- “All of man’s troubles arise because he cannot sit in a room quietly by himself.”
- “One of the things I’m trying to get rid of is the word “should.”
- “Peace and happiness are skills.”
- “No exceptions—all screen activities linked to less happiness, all non -screen activities linked to more happiness.”
- “Easy choices, hard life. Hard choices, easy life.”
- “If there’s something you want to do later, do it now. There is no “later.”
- “Understanding the long -term consequences of your actions.”
