Navar's Treasure Book: the principle of getting rich without luck

I just read it recently 《 Navar collection 》 This book , It is highly recommended that you read this book .

below , I excerpted navar in the section on understanding the principles of wealth creation , The information written is dense 、 Simple and powerful , Ideas and principles that have a wide range of influence and are enduring .

1. The pursuit of wealth , Not money or status . Wealth refers to assets that can still make money for you while you sleep . Money is the way we convert time and wealth . Status is where you are in the social hierarchy .
2. Creating wealth and adhering to moral standards can have both . If you despise wealth in your heart , Wealth will avoid you .
3. Ignore people who blindly pursue social status . Their means of gaining status is to attack those who create wealth .
4. It's impossible to get rich by renting time . You have to have equity （ Partial ownership of the enterprise ）, To achieve financial freedom .
5. One way to get rich , Is to provide society with what it needs but can't get , And realize large-scale .
6. Choose an industry with long-term development prospects , Find someone who can work together for a long time .
7. The Internet has greatly expanded the career space , But most people haven't clearly realized this .
8. Cultivate iterative thinking . All the rewards in life , Whether it's wealth 、 Interpersonal relationship , Or knowledge , All from compound interest .
9. Choose smart people 、 Energetic business partners , But more importantly , They want integrity .
10. Don't work with cynical and negative people . Their prophecy will be self fulfilling .
11. Learn to sell , Learn to build , Two skills close to the body , irresistible .
12. With expertise 、 Equip yourself with a sense of responsibility and leverage .
13. Expertise refers to knowledge that cannot be acquired through training . If society can train you , Then society can also train others to replace you .
14. If you want to have expertise , We should pursue real interest and love , Instead of blindly chasing hot spots .
15. The process of accumulating expertise , It's like playing for you , It's hard for others .
16. The teaching of expertise needs to be completed by the way that the master leads the apprentice , And can not be completed through school education .
17. Expertise is often highly technical or creative , Cannot be outsourced or automated .
18. Develop a sense of responsibility , Have the courage to take business risks in your own name . Society will depend on the size of responsibility 、 How much equity and leverage returns you .
19. “ Give me a lever long enough and a fulcrum , I can move the earth .”—— Archimedes
20. To get wealth , We must make full use of leverage . Business leverage comes from capital 、 Products with zero marginal cost of labor and reproduction （ Code and media ）.
21. Capital is money . To get financing , You need to use your expertise and sense of responsibility , And show good judgment .
22. Labor leverage is to let others work for you . This is the oldest 、 The most competitive lever . Having labor leverage will make your parents think you're great , But don't over pursue labor leverage .
23. Capital and labor are levers that require permission to use . Everyone is chasing capital , But someone has to be willing to contribute . Everyone wants to lead others , But someone has to be willing to follow .
24. Code and media are levers that can be used without permission . These two levers are the levers behind the new rich class . You can create software and media , Let them work for you while you sleep .
25. There are a large number of robots available to us for free . In order to improve thermal efficiency 、 Save space , These robots are concentrated in the data center . To use! .
26. If you can't write code , Then publish a Book 、 Blogging 、 Do video 、 Record podcasts .
27. Leverage is a multiplier of judgment .
28. Judgment comes from experience , But it can be quickly established by learning basic skills .
29. It doesn't matter “ business ” Skill . Don't waste your time on business magazines and business courses .
30. Study microeconomics 、 Game theory 、 psychology 、 Persuasion 、 ethics 、 Mathematics and computers .
31. Reading is faster than listening , Doing is faster than watching .
32. You should be too busy to socialize , But still keep the schedule in order .
33. Set a bold personal hourly rate , And strictly implement . If the cost of solving a problem is lower than the hourly salary , Then ignore the problem ; If the cost of outsourcing a task is lower than hourly salary , Then choose outsourcing .
34. Do your best at work , Without reservation . however , The people you work with and the content of your work are more important than the degree of effort .
35. Be the world's top in your chosen career field . Constantly redefine your career , Until the ideal becomes a reality .
36. There is no get rich quick tutorial in the world . Even if there is , It's just that the people who provide tutorials want to make money from you .
37. Use your expertise , Leverage , Eventually you'll get what you deserve .
38. When you finally become rich , You will realize , This is not your initial pursuit . But that's a postscript , Not mentioned here .

summary ： Turn yourself into a product .

This sentence has two main points , One is “ own ”, One is “ Commercialization ”.“ own ” It's unique ,“ Commercialization ” Is to leverage ;“ own ” Have a sense of responsibility ,“ Commercialization ” Need expertise .“ own ” In fact, he also has expertise . therefore , These two points can summarize all the above ideas .