Picking Nuggets - Sharing my Notes #11

Aug 23, 2022

Hey there!

Yesterday I posted a new video:

📝 The following are my takeaways…

👇 Naval Ravikant 👇

- The purpose of money is Freedom from your money problems.

- Retirement (end goal)

* When you stop sacrificing today for an imaginary tomorrow.

* When today is complete in and of itself.

• How to get there?

• * Earn Passive Income that covers your spending level.

• * Spend nothing.

** Do what you Love

WEALTH CREATION:

"You will get rich by giving society what it wants but does not

yet know how to get. At scale." - Naval Ravikant

• Implies:

** Leverage (e.g./ Code and Media)

** Do what you Love (Authenticity) -- Unique Skillset -- Specific Knowledge --- source of Creative Work

("Competition is for losers" - Peter Thiel)

"Building specific knowledge will feel like play to you but will

look like work to others" - Naval Ravikant

** Accountability

* Put your name on it -- You own the Risks and Rewards.

** Product-Market fit

TRAPS

- Trap 1: To work for material rewards.

• Recipe for self-imprisonment.

- Trap 2: to say "That's easy for (someone rich) to say"

• It is not easy to get rich, but all the tools needed are out there.

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Until next time,

Julio xx