Naval on wealth creation. On Twitter at @naval.
How to Angel Invest
Nov 17 • 39 min
A preview of our other podcast
Externalities: Calculating the Hidden Costs of Products
Jul 31 • 1 min
Externalities let you account for the true cost of products by including hidden costs like environmental damage.
Net Present Value: What Future Income Is Worth Today
Jul 29 • 1 min
What future income is worth today by applying a discount to its future value.
Consumer Surplus: Getting More Than You Paid For
Jul 25 • 0 min
A lot of people are willing to pay more than what companies charge.
Price Discrimination: Charge Some People More
Jul 23 • 1 min
Charge people for extras based on their propensity to pay.
Compounding Relationships Make Life Easier
Jul 19 • 2 min
Life gets a lot easier when you know someone’s got your back.
Turn Short-Term Games Into Long-Term Games
Jul 15 • 2 min
Improve your leverage in negotiations by turning short-term relationships into long-term ones.
Schelling Point: Cooperating Without Communicating
Jul 12 • 1 min
People who can’t communicate can cooperate by anticipating the other person’s actions.
Kelly Criterion: Avoid Ruin
Jul 10 • 1 min
Don’t ruin your reputation or get wiped to zero.
Principal-Agent Problem: Act Like an Owner
Jul 8 • 6 min
If you think and act like an owner, it’s only a matter of time until you become an owner.
Envy Can Be Useful, or It Can Eat You Alive
Jun 28 • 3 min
Envy can give you a powerful boost, or it can eat you alive if you let it follow you.
Being Ethical Is Long-Term Greedy
Jun 26 • 3 min
If you cut fair deals, you will get paid in the long run.
We Should Eventually Be Working for Ourselves
Jun 24 • 4 min
The goal is that we are eventually wealthy and working for ourselves.
Accountability Means Letting People Criticize You
Jun 21 • 3 min
Misunderstanding accountability, and other mistakes on the path to creating wealth.
How to Get Rich: Every Episode
Jun 2 • 168 min
One giant episode with every interview on How to Get Rich.
May 24 • 1 min
Figure out what you’re uniquely good at and apply as much leverage as possible.
There Are No Get Rich Quick Schemes
May 23 • 4 min
Get rich quick schemes are just someone else getting rich off you.
A Calm Mind, a Fit Body, a House Full of Love
May 21 • 4 min
When you’re finally wealthy, you’ll realize it wasn’t what you were seeking in the first place.
Reject Most Advice
May 20 • 2 min
Most advice is people giving you their winning lottery ticket numbers.
Eventually You Will Get What You Deserve
May 19 • 4 min
Apply specific knowledge with leverage and eventually you will get what you deserve.
Play Stupid Games, Win Stupid Prizes
May 17 • 2 min
Competition will blind you to greater games. You’re one step away from a better market.
Escape Competition Through Authenticity
May 16 • 5 min
Competition can make you play the wrong game. No one can compete with you on being you.
Keep Redefining What You Do
May 13 • 2 min
Become the best in the world at what you do. Keep redefining what you do until this is true.
Be Too Busy to “Do Coffee”
May 8 • 4 min
You should be too busy to “do coffee”, while still keeping an uncluttered calendar.
Work As Hard As You Can
May 6 • 5 min
Work as hard as you can. Even though what you work on and who you work with are more important.
Set an Aspirational Hourly Rate
May 1 • 3 min
If outsourcing a task will cost less than your hourly rate, outsource it.
Judgment Is the Decisive Skill
Apr 29 • 6 min
Everything we’ve discussed so far has been setting you up to apply judgment.
Example: From Laborer to Real Estate Tech
Apr 26 • 5 min
The continuum from laborer to real estate tech company goes from low to high specific knowledge, accountability and leverage.
Pick a Business Model With Leverage
Apr 22 • 5 min
Ideally, you should pick a business model with network effects, low marginal costs and scale economies.
Product Leverage Is Egalitarian
Apr 19 • 5 min
Labor and capital are limited to the people who control those resources. But products reach global markets.
Product and Media Are New Leverage
Apr 17 • 5 min
Product and media are the leverage of new wealth. Create software and media that work for you while you sleep.
Labor and Capital Are Old Leverage
Apr 15 • 4 min
Wealth requires leverage. Labor and capital are older forms of leverage that everyone is fighting over.
Take Accountability to Earn Equity
Apr 13 • 4 min
If you have high accountability, you’re less replaceable and you can get a piece of the business.
Embrace Accountability to Get Leverage
Apr 11 • 4 min
Embrace accountability. Society will reward you with leverage.
There’s No Actual Skill Called Business
Apr 8 • 5 min
There’s no actual skill called business. Avoid business schools and magazines.
The Foundations Are Math and Logic
Apr 5 • 3 min
If you understand mathematics and logic, you have the basis for understanding everything else.
Read What You Love Until You Love to Read
Apr 3 • 4 min
You should be able to pick up any book in the library and read it.
Learn to Sell, Learn to Build
Mar 31 • 5 min
Learn to sell. Learn to build. If you can do both, you will be unstoppable.
Specific Knowledge Is Highly Creative or Technical
Mar 28 • 5 min
Specific knowledge tends to be creative or technical. It’s on the bleeding edge of technology, art and communication.
Arm Yourself With Specific Knowledge
Mar 25 • 6 min
Arm yourself with specific knowledge. It can’t be trained but it can be found by pursuing your genuine curiosity.
Partner With Rational Optimists
Mar 22 • 5 min
Don’t partner with cynics and pessimists. Their beliefs are self-fulfilling.
Pick Partners With Intelligence, Energy and Integrity
Mar 22 • 4 min
Picking partners with high intelligence, energy and integrity is the three-part checklist that you can’t compromise on.
Play Long-term Games With Long-term People
Mar 19 • 6 min
Pick an industry where you can play long-term games with long-term people. All returns in life come from compound interest over many turns of the game.
The Internet Has Massively Broadened Career Possibilities
Mar 19 • 4 min
The Internet has massively broadened the possible space of careers, by allowing you to scale any niche obsession.
Give Society What It Doesn’t Know How to Get
Mar 14 • 2 min
Society will pay you for creating what it wants, but doesn’t know how to get, and delivering it at scale.
Live Below Your Means for Freedom
Mar 11 • 2 min
People living far below their means enjoy a freedom that people busy upgrading their lifestyles just can’t fathom.
You Won’t Get Rich Renting Out Your Time
Mar 8 • 4 min
You won’t get rich renting out your time, because you can’t earn non-linearly.
Make Luck Your Destiny
Mar 7 • 4 min
Build your character in a way so luck becomes deterministic.
Making Money Isn’t About Luck
Mar 6 • 5 min
Making money isn’t about luck. It’s about becoming the kind of person who makes money.
Free Markets Are Intrinsic to Humans
Mar 6 • 4 min
We’re the only animals who cooperate across genetic boundaries, because we can track credits and debits in voluntary exchanges.
Make Abundance for the World
Mar 5 • 3 min
Wealth isn’t about taking something from somebody else—it’s about creating abundance for the world.
Seek Wealth, Not Money or Status
Mar 5 • 6 min
The difference between wealth, money and status.
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