How To Get Rich – Without Getting Lucky

Lets discuss a tweet by Naval Ravikant which goes over the details of how you can get rich – without getting lucky. Enjoy! Add me on Instagram: GPStephan

Tweet By Naval Ravikant – https://twitter.com/naval/status/1002103360646823936

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Main Take Aways:

-Money by itself is NOT what’s going to make you rich, so don’t JUST pursue money. It’s MORE important to own assets that MAKE you money, rather than just trying to get money as the end goal.

-Wealth is constantly changing and evolving, money is always going to be flowing from one person to another…and that’s the beauty in it. You CAN make money without doing so at another person’s expense – and the sooner you understand that, the sooner you can begin accumulating wealth.

-The issue we ALL faced is that there are only 24 hours in a day…so, beyond a certain point, it becomes iMPOSSIBLE to get ahead by working longer hours. BUT, WHEN YOU INVEST WHAT YOU EARN – your money can begin working independently from your time, and OWNERSHIP in assets like stocks, real estate, and a business is what will build wealth long term – not working more hours.

-the internet has really leveled the playing field in terms of who can make money, and from where. It’s no longer dependent that you live in a certain location to build a business, you no longer need a ton of money to open up a physical store, and as long as you can provide a service to someone else – and you find a way to show people the value of what you create – you can make money.

-Each day you have the choice to build off the success of the previous day, OR, you can point that arrow down and that’s the momentum you’re going to carry forward. ANYTHING worthwhile is something you need to do consistently, without fail, as often as you can…and when you get that down, that will bring you results.

-They say you are the combination of the 5 people you spend the most time with…so, surround yourself with people who inspire and push you to become a better person. If you surround yourself with negative losers, that’s going to subconsciously influence you – if you surround yourself with people who continually improve themselves, that’s going to push you just as much.

-if you can’t effectively articulate the benefits of what you have to offer to another person, they will never bother using it – even if it’s the most revolutionary product of our decade. You have to learn how to sell, and whether you like it or not, life is often one big giant sales game.

-You are paid in direct proportion to the value you provide, and how easily you can be replaced…the more you make yourself indispensable, the more job security you have, the more you can earn, and the more longevity you will have.

-Hiring people requires that someone AGREES to work with you, and even though it’s impressive to say “you have X people working for you” – it’s not always necessary. Instead, running a digital business can continue to work exponentially – without requiring the work of more people.

– If you can’t code, write books and blogs, record videos and podcasts. Leverage is a force multiplier for your judgement. Judgement requires experience, but can be built faster by learning foundational skills.There is no skill called “business.” Avoid business magazines and business classes.

Or, in other words…give value, give entertainment, teach something you know, ADD something to society, learn how to build and sell that, leverage your efforts NOW…and learn by the experience of going out and doing it. These aren’t principles that can be taught in a classroom, and they’re often learned and discovered as you go about life…or, as you scroll through twitter or watch youtube videos.

For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness@gmail.com

*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.

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