how to be rich


Introduction 0:00 Seek Wealth, Not Wealth or Status 1:30 Create Abundance for the World 6:40 Free Markets Are Intrinsic to Man 10:21 Making Money Isn’t About Luck 14:19 Make Luck Your Destiny Make 19:25 You Win Don’t Rent Your Time 24:00 Live Below Your Means For Freedom 28:40 Give Society What It Doesn’t Know How To Get 31:01 The Internet Has Widespread Career Possibilities 33:44 Play Long Term Games with Long Term People 38:23 Choose Partners with Wisdom, Energy, and Integrity 44:24 Partner with the Rational Optimist 49:09 Arm yourself with Specific Knowledge 54:34 Specific Knowledge is highly creative or technical 1:00:53 Learn to sell, Learn to build 1:06:24 Read till you love 1:10:59 The foundation is math and logic 1:12:00 “Business” There is no real skill called 1:16:48 Embrace Accountability to Gain Leverage 1:20:06 Take Accountability to Earn Equity 1:25:37 Labor and Capital are Old Leverage 1:30:06 Products and Media new leverage are not 1:35:01 p leverage is egalitarian 1:39:42 choose a business model with leverage 1:44:56 Example: from worker to entrepreneur 1:50:51 decision is a decisive skill 2:01:15 an aspirant Set Hourly Rate 2:07:41 Work As Hard As You Can 2:11:26 Be Too Busy To “Have Coffee” 2:16:34 Keep Redefining What You Do 2:20:38 Avoid Competition Through Authenticity 2:22:41 Play Stupid Games, Stupid Win Prizes 2:28:17 Finally You Get What You Deserve 2:35:53 Reject Most Advice 2:35:00 A Calm Mind , a fit body, a home full of love 2:37:55 No one gets rich quick Schemes 2:42:02 Build Yourself 2:46:42 Accountability Means Letting People Criticize You 2:48:55 We must ultimately work for ourselves 2:55:33 Being Ethical Is Long-Term Greedy 2:56:58 Jealousy Can Be Useful, Or It Can Eat You Alive 3:00:23 The Principal-Agent Problem: A Boss’s act like 3:03:51 Kelly Criterion: Avoid Waste 3:10:33 Scalping Point: Cum Without Communication sum up 3:12:03 turn short-term games into long-term games 3:13:55 compounding relationships make life easier 3:16:36 price discrimination: charge more than some people 3:19:04 consumer surplus : 3:20:14 receiving more than paying for net present value: what is future income today 3:21:03 external: calculating hidden cost of products 3:22:05 Bonus material: investing in yourself Time off for 3:23:47 Transcript: https://nav.al/rich

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