13. Eric Jorgenson: Health, Wealth, & Wisdom from Naval Ravikant

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Episode: 13. Eric Jorgenson: Health, Wealth, & Wisdom from Naval Ravikant
Pub date: 2020-11-02


Podcast Notes Key Takeaways  Seek wealth, not status:Don’t confuse wealth (having money) with status (being famous)You can have an audience and be well-known (high status) but if you don’t have a business or monetize that audience, you won’t be wealthy You aren’t going to get rich renting out your time, you need to own equity:When you trade your time for money, you can only earn when you’re working. But if you own a business or equity, you can make money even when you’re sleeping or on vacation.There’s a lot of ways to own equity: Invest in the stock marketInvest in private startupsWork in a company and earn stock optionsYou can start a business and you’ll own 100% of the companyYou need to use leverage to create wealth:There are 3 main forms of leverage: capital, labor, and products with zero marginal costNaval’s meditation advice: Meditate first thing in the morning for 60 minutes for 60 daysLet your thoughts come and go and see what happensA lot of unresolved issues with come to you and you can work towards getting to a mental inbox zeroMeditation is like intermittent fasting for the mindThere aren’t any negative side effects of meditation, you really have nothing to loseIf you’re new to reading, Naval’s advice is to read what you love until you love to readIf you want to read “junk” books, read them. Eventually, you’ll make your way to the “healthy” books.“Read the stuff that you’re interested in and you’ll read twice as long or ten times as long and you’ll read more and you’ll get more ideas.” – Eric Jorgenson

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My guest today is Eric Jorgenson, the author of The Almanack of Naval Ravikant: A Guide to Wealth and Happiness.  Naval Ravikant is the co-founder of AngelList, investor in 200+ companies, and considered by many to be a modern-day philosopher.

This book is a collection of Naval's wisdom and experience shared as a curation of his most insightful interviews, essays, and podcasts. In our conversation, Eric shares Naval's advice on how to build wealth, learn the skill of happiness, become a better reader, and much more.

You can get a free ebook copy of the book here: navalmanack.com

TIMESTAMPS:

[00:41] - The background story of this book  [03:18] - Who is Naval Ravikant?[05:13] - How to get rich without getting lucky[08:12] - If you want to get rich, you have to own equity[11:23] - How you can use leverage to create wealth[16:27] - Why you want to productize yourself[21:27] - Happiness is a skill you can learn[32:03] - The benefits of meditation & how it can make you happier[37:25] - How Naval reads books & reading tips[43:33] - How has Eric evolved after studying Naval[46:12] - How to apply what you read [49:50] - Books that had a huge influence on Eric & how they changed him[54:50] - Update on Alex & Books 

Learn more about the author:

Twitter: @EricJorgenson

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