Naval Ravikant is a Silicone Valley entrepreneur and investor.
He’s worth an approximate $60M.
I’d say he knows a thing or two about building wealth.
He put out a tweet storm titled “How to get rich” which he admits should have been titled “How to get
wealthy”, but that just wasn’t quite as sexy.
(You can find a full transcript of him talking through it on this YouTube video –
https://youtu.be/3amLsamhtCg.)
I’m currently reading a book that dives even deeper titled “The Almanack of Naval Rivikant, which is
required reading if you really want to retire in 9 years.
One of the passages expresses a concept I’ve been evangelizing for quite some time.
There are three ways to retire.
Thankfully, I have achieved the third form of retirement and as a I write this from a beach chair in Hawaii,
I can confirm this does not feel like I’m working on vacation.
If you do what you love, you love doing it anytime, anywhere. You have achieved one form of Financial
Zen.
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From the book:What is your definition of retirement? Retirement is when you stop sacrificing today for
an imaginary tomorrow. When today is complete, in and of itself, you’re retired. How do you get
there? Well, one way is to have so much money saved that your passive income (without you lifting a
finger) covers your burn rate.
A second is you just drive your burn rate down to zero—you become a monk.
A third is you’re doing something you love. You enjoy it so much, it’s not about the money. So there are
multiple ways to retirement.”
Jorgenson, Eric. The Almanack of Naval Ravikant: A Guide to Wealth and Happiness (p. 78).
