10 Lessons From ‘The Almanack of Naval Ravikant’ On Wealth, Happiness, and Life
By: Shreya Badonia
Tags: Lessons, Book Review, Naval, Book Recommendations, Naval Ravikant

10 Lessons From ‘The Almanack of Naval Ravikant’ On Wealth, Happiness, and Life

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Naval Ravikant has built a loyal fan base by sharing classic wisdom with a mix of science and rationality. It isn’t very likely to hear an investor talking about being happy and other life philosophies. Naval has taken an extra step to enlighten the world by what he learned from the early hardship in his life and used Twitter and his interviews to share it with the world.

The tweetstorm he did back in 2018 on getting rich without getting lucky attracted a lot of eyeballs. As of today, it has over 130k likes and thousands of retweets.

Most people discovered Naval on the Joe Rogan Experience in 2019, which over 5.2millions views. His other podcasts with Tim Ferriss and Shane Parrish from The Knowledge Project have allowed us to peek into his brilliant mind.

I stumbled upon one of his early interviews with Tim in 2018 and was amazed by his knowledge and clarity. I have listened to most of his interviews, and I have learned something new every time.

When I picked up The Almanack of Naval Ravikant, I wasn’t sure if it’s going to benefit me. I had already listened to all his interviews and made notes in my journal. And I could also go back to his Twitter or any specific interview to get my answers.

But I was wrong.

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Once I picked up this book, there was no going back.

The author, Eric Jorgenson, did a wonderful job researching and organizing all Naval’s wisdom in various categories. The book is meticulously designed and has everything I have learned from Naval on wealth, health, and philosophy in the purest form.

The books make it easier to skim through the topics you want to learn and skip the ones you don’t. This is one of those books you can keep flipping for years and find new things every time you pick them up.

Today I am sharing the 10 Lessons on — happiness, wealth, and life; from the ‘The Almanack of Naval Ravikant.’

On Wealth

Wealth Creation

Naval call wealth creation a skill that anyone can learn. As an Indian immigrant, Naval grew up poor, but he's thriving today by following the lessons he shares with the world.

Money is a tool that you exchange for products and services. It’s fixed.

Wealth, however, is something that works on itself while you’re sleeping. It could be the program you wrote that’s working for you while you’re on vacation, a business you’ve to step up, or merely a piece of content that’s being shared by robots and algorithms and circulated across the globe.

To create wealth, you have to give society value; you have to give something that society needs, but they don’t know it yet.

“There was a time when oil was a technology that made J.D. Rockefeller rich. There was a time when cars were technology that made Henry Ford rich.”

These innovative products will come out of your specific knowledge and are within your capabilities. Once you figure out what society wants, you need to scale it by building leverage.