Thread by @Tim_Denning

I'm 38.

When I was 32 I worked in a bank, went woke (then broke) & suffered depression.

Then I discovered Naval Ravikant's "How to get rich" post & made several million dollars by 38

8 of his insights that transformed my life (and will do the same for you):

@naval opened my eyes to the woke agenda.

He made me question DEI & the fabric of society

He's said so many wild things, I'm surprised he hasn't been canceled by the virtue signallers who are destroying the world

"How to Get Rich" is his best work. These are his best insights

@naval 1. "Seek wealth, not money or status."

Busy people are broke.

The only free people are those who use money to become 'time wealthy.'

But the temptation is to chase money & use it to buy status.

Only insecure people give a f*ck about status.

@naval 2. "There is no skill called 'business.' Avoid business magazines and business classes."

Business people are morons.

Soon as I left the corporate world everything got better.

There are doers and pretenders. Most corporations are full of pretenders (actors)

Build a business

@naval • As an employee you're a renter controlled by a rent seeker.

• As a one-person business or entrepreneur you're an owner & get all the rewards.

Start as an employee & become a business as quickly as possible.

Goal: 2B+ solopreneurs globally

3. "Learn to sell. Learn to build. If you can do both, you will be unstoppable"

In corporate I worked in sales. But I was a glorified order taker

Naval taught me to

• Build something after hours
• Understand ethical persuasion to sell

These 2 skills made me millions of dollars. College doesn't teach them.

4. "If you can't code, write books and blogs, record videos and podcasts."

People used to laugh at my writing.

In 2018 I doubled down on it.

Without attention you're broke & must ask for permission to get opportunities

But if you master content creation you can join the permissionless economy

@naval 5. "Study microeconomics, game theory, psychology, persuasion, ethics, mathematics, and computers."

I picked one: psychology.

Once you know how humans think their actions become predictable. You can build an online business just around that.

@naval Learning economics is the difference between poverty & wealth

It's how I learned about:

• Money printing
• Scarce assets
• The tax of inflation
• Why Bitcoin is so valuable
• Why the US debt will never get repaid

Learn basic economics or you'll be broke

6. "You’re not going to get rich renting out your time. You must own a piece of a business to gain financial freedom"

• Salary growth is too slow.
• Inflation erodes any pay rise

Governments steal your time through inflation + taxation.

A business gives you leverage that buys time back

@naval 7. "Play iterated games.

All the returns in life, whether in wealth, relationships, or knowledge, come from compound interest."

10,000 iteration not 10,000 hours.

Daily Habits + Long Term Goals = Compound Interest

Compound Interest = Freedom/Wealth

@naval 8. "When you're finally wealthy, you'll realize that it wasn't what you were seeking in the first place"

Now I've achieved wealth, thanks to Naval, money isn't the goal.

I measure happiness based on how many hours a day I get to spend with my 1 year old daughter.

@naval Final Thought

99% of people chase bullsh*t goals.

They're:

• Busy
• Full of excuses
• Tired/Burned out
• Slaves to society

Valuing your time + attention is how you set yourself free and quit playing status games.

@naval Naval Ravikant got rich by getting unlimited inbound opportunities.

That's how he became free. You can do the same.

Get my free email course to get started writing online: timdenning.com/startonsocial-…