My takeaways from How to Get Rich by Naval
Heard this amazing podcast episode 1 year back because of my friend Ramesh Kumar recommendation. Again heard last week because of another friend Saurabh Mathur recommendation. When he recommended I said I already heard. He said yes but at that time you were a job holder now you are a Technical Consultant and this time you will get triggered by different things compared to last time. Thank you Saurabh, yes this time I got different takeaways.
A post shared by Ashok Tankala | Leadership and Executive Coach | Ex-CTO (@ashoktankala)
https://nav.al/rich
I highly recommend you listen to this amazing podcast episode. This time my takeaways are:
Learning is a great skill to have - It starts with reading but to maximise it you need to take action.
How many books you read doesn’t matter, how many different small experiments you did and learned from it matter.To get rich you need specific knowledge, leverage, accountability, great judgement & lifelong learning. Find product market founder fit, surround yourself with the best people, recruit the best people & work on it dedicatedly & take care of yourself & family - exercise, eat healthy, take good rest & give time to your family.
Be impatient with action but be patient with results.
Avoid meetings - if you need to do meetings then make them short by doing walking ones or standing ones or transactional ones.
4 ways to get luck: Blind luck/dumb luck, Hard work, Spotting luck & Creating your luck
By renting out your time you won’t get rich. Through equity & leverage you will get rich.
Something which you can learn from an institute or someone, then anytime someone else also can learn and eventually many people can learn and you will be replaced by someone cheaper than you.
Pick an industry and find a group of trusted people (network). Stay long with them then you can see compound interest.
Work with a high intelligence, high energy & high integrity person(s).