Naval Ravikant - 11 Rules For Life (Genius Rules)

if you find a mountain and you start climbing you  spend your whole life climbing it and you get say   two-thirds of the way and then you see the peak  is like way up there but you're two-thirds of the   way up you're still really high up but not to  go the rest of the way you're gonna have to go   back down to the bottom and look for another path  nobody wants to do that people don't want to start   over yeah and it's the nature of later in life  that you just don't know the time so it's very   painful to go back down and look for A New Path  but that may be the best thing to do and that's   why when you look at the greatest artists uh and  and creators they have this ability to start over   that nobody else does like Elon will you know be  called an idiot and start over doing something   brand new that he supposedly is not qualified for  or when Madonna or Paul Simon or YouTube come out   the new album their existing fans usually hate  it because they've adopted a completely new style   that they've learned somewhere else and a lot of  times they'll just miss completely so you have   to be willing to be a fool and kind of have that  beginner's mind and go back to the beginning to   start over if you're not doing that you're just  getting older Nivi just made the point to me on   the side that inspiration is perishable which is a  very good point when you have your inspiration do   it right then and there this happens to me a lot  with my tweet storms I've actually come up with a   whole bunch of additional tweets starting besides  the ones that are already out there but sometimes   it just hesitate or I just pause and then it just  dies and what I've learned is if I'm inspired to   write a blog post or to publish a tweet storm I  should probably do it right away otherwise it's   not gonna get out there I won't come back to it  so inspiration is a beautiful and powerful thing   and when you have it just seize it so people talk  about impatience when do you know to be impatient   when do you know to be patient my glib tweet on  this was impatience with actions and patience   with the results and I think that's actually a  good philosophy for Life anything you have to   do just get it done why wait you're not getting  any younger your life is slipping away you don't   want to spend it waiting in line you don't want to  spend it traveling back and forth you don't want   to spend it doing things that you know ultimately  aren't part of your mission and when you do them   you want to do them as quickly as you can while  while you do them well with your full attention   but then you just have to give up on the results  you have to be patient with the results because   you're dealing with complex systems you're  dealing with lots of people it takes a long   time for markets to adopt products it takes time  for people to get comfortable working with each   other it takes time for great products to emerge  as you polish away polish away polish away so   impatience with actions patients with results and  as Nivi said inspiration is perishable so when you   have inspiration act on it right then and there if  you stop trying to figure out how to do things the   way other people want you to do them then you'll  get to listen to that little voice inside of your   head that wants to do things a certain way and  then you get to be you and no one in the world   is going to beat you at being you you're never  going to be as good at being me as I am and I'm   never going to be as good at you being you as  you are so certainly listen absorb but don't   try and emulate it's a Fool's errand instead  each person is uniquely qualified at something   they have some specific knowledge capability  and desire that nobody else in the world does   this is purely from the combinatorics of human DNA  and development and so and so your goal in life   is to find out the people who need you the most to  find out the business that needs you the most find   the project and the art that needs you the most  because there's something out there just for you   but what you don't want to do is be building  checklists and decision Frameworks built on   what other people are doing because you're never  going to be there you'll never be good at being at   somebody else the whole phrase is what feels like  play to you but looks like work to others and all   those words are deliberately chosen like feels  like because it's your internal feeling like play   so it's fun but looks because the outside person  doesn't have the feel like work to them and if it   looks like work to them then you can monetize it  and it can be useful so all four of those pieces   are important in that sentence all of those  criteria have to be fulfilled for you to find   something that is a worthwhile Endeavor where  essentially it's your hobby but it's everybody   else's vocation it's your avocation their vocation  and that's how I know no one can compete with me   on it because I'm just playing 16 hours a day and  if they want to compete with me and they're going   to work they're going to lose because they're not  gonna do it 16 hours a day seven days a week a   happy person wants ten thousand things a sick  person just wants one thing right so it's your   it's your unlimited desires that are clouding  your peace your happiness have desires your   biological crazy sort of stands up and says  I can do something I I move I resist I live   but just be very careful of your desires this is  the oldest most right wisdom desire is suffering   that's what it means right every desire you  have is an access where you will suffer so   just don't focus on more than one desire at a  time the universe is rigged in such a way that   if you just want one thing and you focus on that  you'll get it but everything else you gotta let go   the reality is I don't actually read that much  compared to what people think like the re I   probably read one to two hours a day which and  that puts me in the top 0.0001 uh I think that   alone accounts for any material success that I've  had in my life and the intelligence that I might   have because real people don't read an hour a day  real people I think read a minute a day or less uh   so making it an actual habit is the most important  thing and how you make it a habit doesn't matter   it's very much like exercise or working out do  something every day it almost doesn't matter what   you do so the people who are obsessing over like  should I be weight training or should I be doing   tennis or should I be doing Pilates or should I  be doing the high intensity Training Method versus   the happy body versus whatever they're missing  the point the important thing is to do something   every day it doesn't matter what it is so the same  way I would argue the important thing is to read   every day and it's not it doesn't matter it almost  doesn't matter what you read because eventually   you'll read enough things and your interest will  lead you there that it will dramatically improve   your life so just like the best workout for you is  the one that you're excited enough to do every day   the same way I would say the best books to read  are the ones that are books or blogs or Twitter   or whatever anything with ideas and information  and learning the best ones to read are the ones   that you're excited about reading all the time  I'm actually an anti-social introvert and I was   just lost in the world of words and ideas from an  early age I think some of it comes from the happy   circumstance that when I was young nobody forced  me on what to read I think there's a tendency   among parents and teachers to say oh you should  read this but don't read that the reality is I   just read a lot that by today's standards would  be considered mental junk food but eventually   you just get to like reading you run out of the  junk food and then you start eating the healthy   food right or your tastes kind of graduate so I  think to some extent that's what happened with me   because I started from comic books and then run  from that into Mysteries and went from that into   fantasy you get into sci-fi and then from if I  admitted to science and then mathematics and then   philosophy so it just kind of kept climbing up the  stack but I'm lucky that there was no one around   when I was seven years old or 16 years old saying  oh you shouldn't read that you should read this   instead now what I realized is that the biggest  mistake was memorization right because when you're   actually trying to live your life in congruence  with reality you you want to have a deep   understanding of what you do and why you do it  and so it's much more important to know the basics   really well than is to know the advanced knowing  calculus wouldn't help you today it doesn't help   you in business doesn't help you in most things  but knowing arithmetic really will help you really   whether it's at the Corner Grocery Store counting  change to figuring out the value of your podcast   business to figuring out how to do the probability  math on you know some action that you want to take   so understanding basic mathematics cold is way  more important than memorizing calculus Concepts   and the problem is and this is true of I think  all reasoning it's much better to know the basics   from the ground up solid found Foundation of  understanding a steel frame of understanding that   is to just have a scaffolding which is memorizing  advanced concepts this is why there are a lot of   people I'm sure that you listen to who are really  smart they use a lot of jargon and you can't quite   follow their reasoning you don't know how they're  putting things together and you're this deep down   suspicion they don't even really understand right  so if you look at the the most powerful thinkers   especially the ones where money or life is on the  line they have to understand the basics really   really well Richard Feynman the physicist was able  to he had this piece in one of his lectures where   he takes you from counting numbers on your hand  all the way to calculus in four pages of text   in the orally but written Downs four pages of  text and it's a complete unbroken logical chain   that takes you through geometry trigonometry  precalculus analytic geometry graphs everything   all the way to calculus he understood numbers at  a core level he didn't have to memorize anything   when you're memorizing it's an indication that you  don't understand you should be able to re-derive   anything on the spot and if you can't you don't  know it so do you apply that to things other   than mathematics you apply that to everything  everything and the first thing if you're going   to make money is that you're not going to get rich  renting at your time there are many reasons for   that but the most basic is just that your inputs  are very closely tied to your output in almost any   salary job even a one that's paying a lot per hour  like a lawyer or a doctor you're still putting in   the hours and every hour you get paid so what that  means is when you're sleeping you're not earning   when you're retired you're not earning when you're  on vacation you're not earning and you can't earn   non-linearly if you look at even doctors who get  rich like really rich it's because they open a   business they open like a private practice and  that private practice builds a brand and that   brand attracts people or they build some kind of  a medical device or a procedure or a process where   they have intellectual property so essentially  you're working for somebody else and that person   is taking on the risk and has the accountability  and the intellectual property and the brand so   they're just not going to pay you enough they're  going to pay you the bare minimum that they have   to to get you to do the job and that can be a  high bare minimum but it's still not going to be   true wealth where you're retired shared and then  finally you're not creating new things for society   you're just doing things over and over and you're  essentially replaceable because you're now doing a   set role most set roles can be taught if they can  be taught like in a school then eventually you'll   be competing with someone who's got more recent  knowledge who's been taught and is coming in to   replace you you're much more likely to be doing  a job that can be eventually replaced by a robot   or by an AI and it doesn't have to be wholesale  replaced overnight it can be replaced a little   bit of a time and that eats into your wealth  creation and therefore your earning capability   so fundamentally your inputs are matched to your  outputs you are replaceable and you're not being   creative I just don't think that that is a way  that you can truly make money so the first thing   you have to do is you have to own a piece of  a business you need to have Equity either as   an owner an investor shareholder or a brand that  you're building that accrues to you to gain your   financial freedom so this newest form of Leverage  is where all the new fortunes are made so all the   new billionaires the last generation fortunes were  made by Capital that was the Warren buffets of the   world but the new generation fortunes Are All Made  through code or media Joe Rogan making 50 to 100   million bucks a year from his podcasts PewDiePie I  don't know how much money he's rolling in but he's   bigger than the news right the Fortnite players  of course Jeff Bezos and Mark Zuckerberg and Larry   Page and Sergey Brin and Bill Gates and Steve Jobs  that is all code based leverage probably the most   interesting thing to keep in mind about the new  forms of Leverage is they are permissionless they   don't require somebody else's permission for  you to use them or succeed for labor leverage   somebody has to decide to follow you for Capital  leverage somebody has to give you money to invest   or to turn into a product but coding writing books  recording podcasts tweeting youtubing these kinds   of things these are permissionless you don't need  anyone's permission to do them and that that's why   they're very egalitarian they're great equalizers  of Leverage and it's really it's actually really   important to have empty space if you don't have  a day or two days a week in your calendar where   you're not always in meetings and you're not  always busy then you're not going to be able to   think you're not going to have good ideas for your  business you're not going to have good judgments   so I also encourage taking at least one day a week  preferably two because if you budget two you'll   end up with one uh a day a week where you have  nothing on your calendar and you just have time to   think um it's only after you're bored that you're  gonna have the great ideas uh it's never going to   be when you're stressed or busy or running around  or rushed so make the time to me the real winners   are the ones who step out of the game entirely  who don't even play the game Who rise above it   and those are the people who have such internal  mental and self-control and self-awareness that   they need nothing from anybody else so there are a  couple of these characters that I know in my life   um some older gentlemen that I like to kind of  learn from and we mentioned our polish friend   earlier I would consider him successful because  he doesn't need anything from anybody yeah he   is at peace he is at health and whether he makes  more money or less money or with the next person   over from him does better or worse than him has  no effect on his mental state and bearing and   historically I would say that the legendary Buddha  or Krishna Morty Who stuff that I like reading   they are successful quote unquote in the sense  that they step out of the game entirely winning or   losing does not matter to them there's some line  that I read somewhere that all of man's troubles   arise uh because he cannot sit in a room quietly  by himself for a half an hour right and if if you   could literally just sit if you could just sit for  30 minutes and be happy you were successful uh and   I think that that is a that is a very powerful  place to be but very few of us get there now   let me leave you with some words from Steve Jobs  Warren Buffett and Charlie Munger on some of these   rules be ready to start over Steve Jobs said I  didn't see it then but it turned out that getting   fired from Apple was the best thing that could  have ever happened to me the heaviness of being   successful was replaced by the lightness of being  a beginner again less sure about everything it   freed me to enter one of the most creative periods  of my life do what feels like play but looks like   work similar to this Steve Jobs said don't be a  career the enemy of most dreams and intuitions   and one of the most dangerous and stifling  Concepts ever invented by humans is the career   a career is a concept for how one is supposed to  progress through stages during the training four   and practicing of your working life there are  some big problems here first and foremost is a   notion that your work is different and separate  from the rest of your life if you're passionate   about your life and your work this can't be so  they will become more or less one this is a much   better way to live one's life overcome the need  for external validation Warren Buffett said would   you rather be the world's greatest lover but have  everyone think you're the world's worst lover or   would you rather be the world's worst lover but  have everyone think you're the world's greatest   lover your answer to this question will tell  you whether you're doing things for the sake   of external valuation or for the sake of your own  driven passion fall in love with reading Charlie   Munger reads around 500 non-fiction books every  year he said the following in my whole life I have   known no wise people who didn't read all the time  none zero you would be amazed at how much Warren   reads and at how much I read my children laugh  at me they think I'm a book with a couple of   legs sticking out Navarro vacant has also said  that it's not about educated versus uneducated   it's about likes to read and doesn't like to read  personally my main three sources of learning are   videos and podcasts books and the book summary app  short form which I explained next show from create   super insightful study guides from hundreds  of non-fiction books and it has helped me to   discover and learn ideas much faster the cost  is equivalent to the price of one book a month   and you can use my affiliate link shortform.com  picking nuggets to get a 5 day free trial and a   20 discount on the annual subscription you can  also find the link in the description below

Channel: Picking Nuggets

Views: 340,546

Keywords: ravikan, naval, rules life

Id: TmAO9jBqJf4

Length: 16min 33sec (993 seconds)

Published: Mon May 15 2023