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The first few cold showers were hilarious because I’d slowly ease myself in, wincing the entire way. I started about four or five months ago. Now, I turn the shower on full-blast, and then I walk right in. I don’t give myself any time to hesitate. As soon as I hear the voice in my head telling me how cold it’s going to be, I know I have to walk in. Book Genre: Business, Currency, Economics, Entrepreneurship, Finance, Money, Nonfiction, Personal Development, Philosophy, Productivity, Psychology, Self Help Here, I’ve collected four of the most impactful things I learned while writing this book in my own words.
People are oddly consistent. Karma is just you, repeating your patterns, virtues, and flaws until you finally get what you deserve. Always pay it forward. And don't keep count. Karma management. If you’re not willing to do a wholesale, 24/7, 100 percent swap with who that person is, then there is no point in being jealous.” Be a maker who makes something interesting people want. Show your craft, practice your craft, and the right people will eventually find you.” So what are these skills, and how do we learn them? What are the principles that should guide our efforts? What does progress really look like?What you really want is freedom. You want freedom from your money problems. One way is to have so much money saved that your passive income (without you lifting a finger) covers your burn rate. The second is you just drive your burn rate down to zero—you become a monk. A third is that you're doing something you love. You enjoy it so much, and it's not about the money. So there are multiple ways to retirement. From the broad category of "business/life self help" I feel this book is not very helpful. Naval has obviously made it, most the book is kind of jerking off to that. The practical content of the book is common sense: excercise, value your time, don't be asshole, collect wealth and so on. Follow your intellectual curiosity more than whatever is “hot” right now. If your curiosity ever leads you to a place where society eventually wants to go, you’ll get paid extremely well.
Knowledge only you know or only a small set of people knows is going to come out of your passions and your hobbies, oddly enough. If you have hobbies around your intellectual curiosity, you’re more likely to develop these passions.” It’s almost like you’re taking yourself out of a certain frame and you’re watching things from a different perspective even though you’re in your own mind. You know that song you can't get out of your head? All thoughts work that way. Careful what you read.The thought that such a mind exists, and we can know about it, learn from it, grow from it: absolutely brilliant.
Read science, math, and philosophy. But be selective. Read the fundamentals like On The Origin of Species and The Wealth of Nations. Then reread them; it’s better to read a book that you’re excited about a hundred times than it is to read one hundred average books that don’t. It’s funny how life is a process of finding out how wise your parents actually are. Naval says the same things my parents did when I was 5 -- it just takes 30 years of repetition and life experience for things to sink in. The ability to singularly focus is related to the ability to lose yourself and be present, happy, and (ironically) more effective.[4] Realize that in modern society, the downside risk is not that large. Even personal bankruptcy can wipe the debts clean in good ecosystems. I’m most familiar with Silicon Valley, but generally, people will forgive failures as long as you were honest and made a high-integrity effort. There’s not really that much to fear in terms of failure, and so people should take on a lot more accountability than they do. [78]” The rational part means I have to reconcile with science and evolution. I have to reject all the pieces I can’t verify for myself.”
There are so many ways to create wealth, to create products, to create businesses, and to get paid by society as a byproduct.” All you should do is what you want to do. If you stop trying to figure out how to do things the way other people want you to do them, you get to listen to the little voice inside your head that wants to do things a certain way. Then, you get to be you.” Successful people worldwide are viewed as reliable and trustworthy. When they are recommended by their peers, their network grows. Once they prove what they’re worth, their value grows in the network. In other words, they use the compound rule to build their reputation and integrity. Lesson 2: Money is the ultimate tool for freedom.
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