Naval’s Blueprint for Wealth Is More Relevant Than Ever
It’s a hard time to get wealthy and live comfortably — young adults are only 50% as likely to own a home than their parents — with student loan debt up by 300%. The tsunami called “cost of living crisis” has flooded the world in seconds and is taking its sweet time to recede. Especially young people are trying to make ends meet. “I’m babysitting now.”, “I’m a delivery driver after work”, “I’m starting a second job”. The side hustle market is booming — and so many get it wrong. There is no shortage of “Make $1,000 a day using this simple tool”. Lots of them are unsustainable quick-fix schemes that (1) don’t work, (2) are a waste of time, (3) aren’t meaningful, and (4) aren’t sustainable. But: There are ways to get wealthy — it just takes more time and thought.Naval Ravikant, entrepreneur and investor, and quite active on Twitter, gives some fundamental advice on how to get wealthy through assets that are scalable (i.e. reducing your time sacrifice over time).We all know capital & people. People and corporations have used them to gain leverage and produce more money over the last centuries. You have a lemonade stand. How do you sell 1,000 lemonades instead of 10? You can get your capital to work for you, purchase lemonades in bulk from a manufacturer and make a profit selling it to consumers. The more capital you put in, the more money you make.
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