How to GET RICH (Almanack of Naval Ravikant) 👉😳💰
In the Almanack of Naval Ravikant, there's one passage here that I want to focus on that really struck me.
Naval says code and media are permissionless leverage. They're the leverage behind the newly rich. You can create software and media that works for you while you sleep. This is the new way of becoming rich, right? This is new to the digital age. The New Way of How to Get Rich. This is new to the information age.
The notion of creating something that lives on a server that is viewed, listened to, used, what have you. However, you're going to leverage and monetize the use of code and media, and if it gains traction, can get some momentum, it can steadily make you money while you sleep.
Now, that's not easy, but it certainly is something that wasn't there for the old rich. It is there for the new rich. And it is the way to go.
So when I think about ways to make money or pursuits I'm looking at, this is something I think about. How can I leverage code and media to, at some point, make money while I sleep?
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Andrew Thorp King is the author of FAILURE RULES!: The 5 Rules of Failure for Entrepreneurs, Creatives, and Authentics.
He's a fintech banker, spy novelist, speaker, punk rocker, ex-bodybuilder, cigar lover, tattoo enthusiast, and serial entrepreneur. He founded two independent record labels—Thorp Records and Sailor's Grave Records—and has invested in many spaces, including online lending, fitness, lead generation, and independent music.
He is also a serial failure. He's crashed and burned through bankruptcy, divorce, mortgage default, public assistance, and multiple business failures. But, he's like a jack-in-the-box, because after every punch life hits him with, he pops back up and rebuilds his life—informed by failure—with a big smile on his face.
At first, failure sucks. But if you follow the rules of failure—seeing beyond the mess and picking through the good stuff left in the rubble—you can move forward into success.
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