🧵 My Key Perspectives of @naval’s Master Thread 🧵

How to get rich (without getting lucky)
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.
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.
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.
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
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.
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.
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.
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.
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...
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.
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 = $
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.
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.
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.
If you enjoyed this, please like, RT and comment.

What are your takes from this thread?

Also, follow @naval

He is a phenomenal individual.

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5 Apr
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A thread on how you can achieve wealth using Twitter.

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