That money gets debased because people steal the IOUs the government prints extra IOUs and people renege on their IOUs. We owe you something in the future for the work that you did. If I do my job right and create value for society, society says, “Oh, thank you. Money is social credits it’s the ability to have credits and debits of other people’s time. To get the resources to do what you want, you have to stand out. It’s a positive sum game-but there are competitive elements to it, because there’s a finite amount of resources right now in society. The entire world wants it, and the entire world is working hard at it. You’re not going to get that unless you really want it. It’s about being your own sovereign individual. That stuff gets really boring and stupid, really fast. It’s not to buy fur coats, or to drive Ferraris, or to sail yachts, or to jet around the world in a Gulf Stream. The purpose of wealth is freedom it’s nothing more than that. to rush to work and sit in commute traffic so you don’t have to waste your life grinding productive hours away into a soulless job that doesn’t fulfill you. You want wealth because it buys you freedom-so you don’t have to wear a tie like a collar around your neck so you don’t have to wake up at 7:00 a.m. My definition of wealth is oriented toward businesses and assets that can earn while you sleep. Wealth is money in the bank that is reinvested into other assets and businesses.Ī house can be a form of wealth, because you can rent it out although that’s a less productive use of land than running a commercial enterprise. Wealth is the computer program running at night that’s serving other customers. Wealth is assets that earn while you sleep it’s the factory of robots cranking out things. Nivi: What’s the difference between wealth, money and status? Everyone vaguely knows they want to be wealthy, but they don’t have a good set of principles to do it by.
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People outside of the tech industry-people in all walks of life-want to know how to solve their money problems. A lot of people say it was helpful and reached across aisles. Naval: The “How to Get Rich” tweetstorm definitely hit a nerve and went viral. And I co-authored the Venture Hacks blog with him back in the day. I’m the co-founder of AngelList with Naval. He’s also a prolific tech investor in companies like Twitter, Uber and many more. Naval’s the co-founder of AngelList and Epinions. He’ll probably throw in ideas he hasn’t published before. ” We’ll go through most of the tweets in detail, give Naval a chance to expand on them and generally riff on the topic. We’re going to talk about his tweetstorm, “ How To Get Rich (without getting lucky). Nivi: You probably know Naval from his Twitter account. Naval is a prolific tech investor and founder of AngelList Wealth is assets that earn while you sleep A collection of all my interviews about my ‘How to Get Rich’ tweetstorm.
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