Simple enough, wealth is investing in assets that will pay you when your not directly working.
- Stocks
- Bonds
- Real Estate
- Businesses
Money is a wage, you trade your time for it.
Status is what society perceives of you, focus on you not society.
- Stocks
- Bonds
- Real Estate
- Businesses
Money is a wage, you trade your time for it.
Status is what society perceives of you, focus on you not society.
https://twitter.com/naval/status/1002103497725173760
Wealth is not “evil”, nor are the millionaires of the world who possess a vast amount of wealth.
If you wake up every day with the mindset that you aren’t wealthy because your morals are strong, your completely incorrect.
Embrace wealth, it will come.
If you wake up every day with the mindset that you aren’t wealthy because your morals are strong, your completely incorrect.
Embrace wealth, it will come.
https://twitter.com/naval/status/1002103559276478464
Bill Gates got rich because the world uses Microsoft, society needed computers.
Steve Jobs got rich because everyone needs a cellphone, he just reinvented the cellphone.
You can get rich by providing your knowledge.
Your scale is the Internet.
Steve Jobs got rich because everyone needs a cellphone, he just reinvented the cellphone.
You can get rich by providing your knowledge.
Your scale is the Internet.
https://twitter.com/naval/status/1002103723848450049
It’s ideal to have an industry or participate in one where the chances of it existing in the future are very high.
- Tech will always be here
- Finance is always needed
Long term people are those who are ethical and integral
- Tech will always be here
- Finance is always needed
Long term people are those who are ethical and integral
https://twitter.com/naval/status/1002103770518441989
Switch your mindset from consumerism to creation.
You can learn to sell on Twitter, you can build your own products using Gumroad.
This is just one example, the opportunities are endless.
You can learn to sell on Twitter, you can build your own products using Gumroad.
This is just one example, the opportunities are endless.
https://twitter.com/naval/status/1002104154737684480
Just as in a job, you are replaceable, which is why I always advocate for additional income sources.
If others can do what you can do, you can lose your job tomorrow.
If you are good something specific, get paid for it.
If others can do what you can do, you can lose your job tomorrow.
If you are good something specific, get paid for it.
https://twitter.com/naval/status/1002104947624722433
No one ever in the history of the world by simply working hard and trading their labour.
They utilized leverage, whether this was money, the use of people, networks, or the Internet.
You will never get rich ALONE.
You need LEVERAGE.
They utilized leverage, whether this was money, the use of people, networks, or the Internet.
You will never get rich ALONE.
You need LEVERAGE.
https://twitter.com/naval/status/1002106317064949763
This further reinforces my point before.
We are living in the greatest time of human possibilities, even though it may not seem like it.
Create intellectual property e.g.
Are you an Accountant? Write a eBook on how to reduce taxes, sell it forever.
We are living in the greatest time of human possibilities, even though it may not seem like it.
Create intellectual property e.g.
Are you an Accountant? Write a eBook on how to reduce taxes, sell it forever.
https://twitter.com/naval/status/1002106893265920000
You cannot learn “business”.
A degree in business means nothing, it’s futile.
You need to create your own to learn it, how to deal with customers, complaints, long hours etc...
A degree in business means nothing, it’s futile.
You need to create your own to learn it, how to deal with customers, complaints, long hours etc...
https://twitter.com/naval/status/1002107808202960896
Set standards for yourself and don’t undervalue yourself.
Your job doesn’t pay you what your worth. Do you really think your value is $10 a hour? No, it is not.
Your job doesn’t pay you what your worth. Do you really think your value is $10 a hour? No, it is not.
https://twitter.com/naval/status/1002108599399661568
You may have the leverage, armed with the specific knowledge, and the use of the Internet.
Good you have all the tools, but if you don’t work hard, you won’t get anywhere.
Wealth is created in a simple formula:
Leverage + Hard Work + Consistency = $
Good you have all the tools, but if you don’t work hard, you won’t get anywhere.
Wealth is created in a simple formula:
Leverage + Hard Work + Consistency = $
https://twitter.com/naval/status/1002108800457883650
Everything in life worth having takes a long time, with discipline.
Hence my name ‘Long Term Wealth’
If there was a ‘get rich quick scheme’ everyone would be rich.
It does not exist.
Hence my name ‘Long Term Wealth’
If there was a ‘get rich quick scheme’ everyone would be rich.
It does not exist.
https://twitter.com/naval/status/1002109022420451328
A whole different topic, however my take on this once you are actually wealthy, life isn’t over.
You still need to have a purpose, but at least your not dragging yourself to work on a Monday.
You still need to have a purpose, but at least your not dragging yourself to work on a Monday.
https://twitter.com/naval/status/1002109558058237953
This thread is compiled of the key points I believe that were essential for me to point out.
This is of course, my perspective.
You can read the thread in it’s entirety below.
This is of course, my perspective.
You can read the thread in it’s entirety below.
https://twitter.com/naval/status/1002103360646823936
If you enjoyed this, please like, RT and comment.
What are your takes from this thread?
Also, follow @naval
He is a phenomenal individual.
What are your takes from this thread?
Also, follow @naval
He is a phenomenal individual.
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