The Secrets to Building Lasting Wealth from Naval Ravikant
I came to know about Naval when Noah kagan recommended his Twitter profile. After that day I got numerous references about the Naval from various different youtube videos and podcasts, etc.
When I finally decided to check him up, he completely blew my mind with his thinking.
Here are my top 7 learnings about building wealth from the Naval
1. Build Specific Knowledge
Naval believes that the most successful individuals are those who have a deep understanding and expertise in their chosen field.
This means constantly seeking out new information and honing your skills, rather than just having a general understanding of many different areas.
2. Don’t chase money, instead focus on creating value
If you can find a way to help people solve their problems, they will be happy to pay you for it. Look for ways to add value to your life and the lives of those around you.
It could be through your work, your hobbies, or even your relationships. Focus on creating value instead of chasing after money, and wealth will come naturally.
3. Learn to sell. Learn to build. If you can do both, you will be unstoppable.
Naval stresses the importance of learning how to sell, whether it be through your own products or services, investments, or even yourself and your ideas.
But it’s just as important to also have the ability to build and create something of value. Combining these skills will lead to unlimited potential for success.
4. The more you know, the Less you diversify
As you learn more about a certain industry or topic, it makes sense to invest more heavily in that area.
Don’t spread yourself too thin by diversifying too much. Focus on what you know and understand well, and build your wealth from there.