The Almanack Of Naval Ravikant

Money doesn't buy happiness - it buys freedom.

Making money is not a thing you do —it’s a skill you learn

Spend less than you earn—invest the surplus—avoid debt.

Do simply this and you’ll wind up rich. Not just in money.

Carrying debt is as appealing as being covered with leeches and has much the same effect.

Avoid fiscally irresponsible people. Never marry one or otherwise give him or her access to your money.

You own the things you own and they in turn own you.

Money can buy many things, but nothing more valuable than your freedom.

Life choices are not always about the money, but you should always be clear about the financial impact of the choices you make.

Save a portion of every rupee you earn or that otherwise comes your way.

The greater the percent of your income you save and invest, the sooner you’ll have F-You Money.

Try saving and investing 50% of your income. With no debt, this is perfectly doable.

If you don’t own a piece of a business, you don’t have a path towards financial freedom.

If you don’t own a piece of a business, you don’t have a path towards financial freedom.

The stock market is a powerful wealth-building tool and you should be investing in it. But realize the market and the value of your shares will sometimes drop dramatically. This is absolutely normal and to be expected. When it happens, ignore the drops and buy more shares.

This will be much, much harder than you think. People all around you will panic. The news media will be screaming Sell, Sell,

Nobody can predict when these drops will happen, even though the media is filled with those who claim they can. They are delusional, trying to sell you something or both. Ignore them.

Wealth creation is an evolutionarily recent positive-sum game. Status is an old zero-sum game. Those attacking wealth creation are often just seeking status.