How to Get Rich

Video Description

Intro 0:00 Seek Wealth, Not Money or Status 1:51 Make Abundance for the World 7:00 Free Markets Are Intrinsic to Humans 10:39 Making Money Isn’t About Luck 14:37 Make Luck Your Destiny 19:41 You Won’t Get Rich Renting Out Your Time 24:16 Live Below Your Means for Freedom 28:55 Give Society What It Doesn’t Know How to Get 31:15 The Internet Has Massively Broadened Career Possibilities 33:58 Play Long-term Games With Long-term People 38:36 Pick Partners With Intelligence, Energy and Integrity 44:36 Partner With Rational Optimists 49:20 Arm Yourself With Specific Knowledge 54:44 Specific Knowledge Is Highly Creative or Technical 1:01:04 Learn to Sell, Learn to Build 1:06:34 Read What You Love Until You Love to Read 1:12:09 The Foundations Are Math and Logic 1:16:57 There’s No Actual Skill Called “Business” 1:20:15 Embrace Accountability to Get Leverage 1:25:45 Take Accountability to Earn Equity 1:30:13 Labor and Capital Are Old Leverage 1:35:08 Product and Media are New Leverage 1:39:49 Product Leverage is Egalitarian 1:45:03 Pick a Business Model With Leverage 1:50:12 Example: From Laborer to Entrepreneur 1:55:57 Judgment Is the Decisive Skill 2:01:21 Set an Aspirational Hourly Rate 2:07:47 Work As Hard As You Can 2:11:31 Be Too Busy to “Do Coffee” 2:16:38 Keep Redefining What You Do 2:20:42 Escape Competition Through Authenticity 2:22:45 Play Stupid Games, Win Stupid Prizes 2:28:21 Eventually You Will Get What You Deserve 2:30:57 Reject Most Advice 2:35:04 A Calm Mind, a Fit Body, a House Full of Love 2:37:59 There Are No Get Rich Quick Schemes 2:42:05 Productize Yourself 2:46:46 Accountability Means Letting People Criticize You 2:48:40 We Should Eventually Be Working for Ourselves 2:52:17 Being Ethical Is Long-Term Greedy 2:56:42 Envy Can Be Useful, or It Can Eat You Alive 3:00:07 Principal-Agent Problem: Act Like an Owner 3:03:36 Kelly Criterion: Avoid Ruin 3:10:18 Schelling Point: Cooperating Without Communicating 3:11:59 Turn Short-Term Games Into Long-Term Games 3:13:39 Compounding Relationships Make Life Easier 3:16:20 Price Discrimination: Charge Some People More 3:18:49 Consumer Surplus: Getting More Than You Paid For 3:19:59 Net Present Value: What Future Income Is Worth Today 3:20:47 Externalities: Calculating the Hidden Costs of Products 3:21:49 Bonus Material: Finding Time to Invest in Yourself 3:23:31 Transcript: https://nav.al/rich