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How to get rich without luck|40 tips for famous angel investors in Silicon Valley

2023-02-28 03:55:54


3.Ignore people playing status games.They gain status by attacking people playing wealth creation games


There is a very popular tweet on Twitter these days, How to Get Rich (without getting lucky) How to get rich without luck, which has been retweeted by many people and translated into more than 30 languages.

This content on how to get rich without luck was posted by Twitter investor, who is also a very famous angel investor in Silicon Valley, Naval Ravikant, the founder of AngelList, the originator of the American equity crowdfunding platform, and some people also call him a business thinker.

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这40条短短的致富小贴士,已经有人翻译成了中文,但质量都不高,和机翻的差不多,我根据自己的理解重新译了下,虽然与信达雅还有一段距离,但意思是对的。如果你英文还凑合,也不用看我下面翻的中文,直接看英文。下面是正文:

Seek wealth, not money or status. Wealth is having assets that earn while you sleep. Money is how we transfer time and wealth. Status is your place in the social hierarchy.

Wealth is an asset that helps you make money while you sleep.Money is a tool for us to measure our time and wealth.Status is a status symbol of your social hierarchy.

Understand that ethical wealth creation is possible. If you secretly despise wealth, it will elude you.

Believe that it is possible to obtain wealth in an upright manner.If you despise wealth from your heart, it will hide from you.

Ignore people playing status games. They gain status by attacking people playing wealth creation games.

Don't pay too much attention to those who play the status game. They gain their“Status” by attacking the wealth creators.

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

You Can't get rich by selling your time. You have to build a business model to get financial freedom.

You will get rich by giving society what it wants but does not yet know how to get. At scale.

To get rich, you should provide what people want, but don't yet know how to get it, and scale it up.

Pick an industry where you can play long term games with long term people.

找一个可以跟一群人共同玩很长时间的产业。(大辉注:选择重复长期博弈,而非偶尔短期博弈)

The Internet has massively broadened the possible space of careers. Most people haven’t figured this out yet.

The Internet has greatly expanded the career space. A lot of people don't realize this.

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

Play an iterative game. All the rewards in life, be it wealth, relationships, or knowledge, come from compounding.

Pick business partners with high intelligence, energy, and, above all, integrity.

Choose partners with high IQ and strong ability, but more importantly, there must be integrity.

Don’t partner with cynics and pessimists. Their beliefs are self-fulfilling.

Don't work with cynics and pessimists. They believe in self-actualization rather than the achievement of a collective goal.

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

Learn to sell, learn to build. If you master both at the same time, you will be invincible, nothing can stop you.

Arm yourself with specific knowledge, accountability, and leverage.

Equip yourself with unique knowledge, trusted quality, and leverage.

Specific knowledge is knowledge that you cannot be trained for. If society can train you, it can train someone else, and replace you.

Unique knowledge refers to knowledge and skills that can not be easily learned. If they can be easily learned and taught, then society can train others to take your place.

Specific knowledge is found by pursuing your genuine curiosity and passion rather than whatever is hot right now.

Unique knowledge is acquired in the pursuit of genuine curiosity and passion, not the hottest of the moment.

Building specific knowledge will feel like play to you but will look like work to others.

建构独特知识对你来说就像玩一样,但对别人来说就却是工作。

When specific knowledge is taught, it’s through apprenticeships, not schools.

Unique knowledge is not taught in schools; it can only be taught by apprenticeship.

Specific knowledge is often highly technical or creative. It cannot be outsourced or automated.

独特知识通常有很高的技术含量和创造性,它不能外包或自动化。

Embrace accountability, and take business risks under your own name. Society will reward you with responsibility, equity, and leverage.

Become a trusted person and take commercial risks in your own name. Society rewards you with power, assets and leverage.

The most accountable people have singular, public, and risky brands: Oprah, Trump, Kanye, Elon.

People who can be trusted have unique, public, risky brands like Oprah, Trump, Kanye, Elon.

“Give me a lever long enough, and a place to stand, and I will move the earth.” — Archimedes

"Just give me a lever long enough, a place where I can stand, and I can pry the earth."- Archimedes

Fortunes require leverage. Business leverage comes from capital, people, and products with no marginal cost of replication (code and media).

Gaining wealth requires leverage. Business leverage comes from capital, manpower, and products (code and media) that can be replicated at zero marginal cost.

Capital means money. To raise money, apply your specific knowledge, with accountability, and show resulting good judgment.

Capital is money, raise it with your unique knowledge, credible patience and excellent decision-making.

Labor means people working for you. It’s the oldest and most fought-over form of leverage. Labor leverage will impress your parents, but don’t waste your life chasing it.

Labor is the people who work for you, and it's the oldest and most influential lever.Human leverage will make your parents proud, but life should not be wasted chasing it.

Capital and labor are permissioned leverage. Everyone is chasing capital, but someone has to give it to you. Everyone is trying to lead, but someone has to follow you.

Capital and labor are licensing levers. Everyone is after capital, but someone has to give it to you. Everyone wants to lead, but someone has to follow you.

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.

Code and media are unlicensed levers. They are the levers of the modern nouveau riche. Let the software and media you create work for you while you sleep.

An army of robots is freely available — it’s just packed in data centers for heat and space efficiency. Use it.

There are a large number of machines that can be used freely, and they are placed in data centers just to make more efficient use of space and heat dissipation, and to use it well.

If you can’t code, write books and blogs, record videos and podcasts.

If you can't Write Code, you can write books and blogs and record videos and audio.

Leverage is a force multiplier for your judgement.

Leverage doubles your judgment.

Judgement requires experience, but can be built faster by learning foundational skills.

Judgment requires experience, but it can be quickly established by learning basic skills.

There is no skill called “business.” Avoid business magazines and business classes.

There is no such thing as a“Business” skill. Avoid business magazines and business courses.

Study microeconomics, game theory, psychology, persuasion, ethics, mathematics, and computers.

Learn microeconomics, game theory, psychology, persuasion techniques (behavioral design), ethics, mathematics, and computers.

Reading is faster than listening. Doing is faster than watching.

See faster than hear, do faster than see.

You should be too busy to “do coffee,” while still keeping an uncluttered calendar.

Although you are too busy to even have a cup of coffee, you still need to keep your schedule organized.

Set and enforce an aspirational personal hourly rate. If fixing a problem will save less than your hourly rate, ignore it. If outsourcing a task will cost less than your hourly rate, outsource it.

Set and implement an ideal personal hourly rate.If solving a problem costs faster and less money than you can do it yourself, don't do it.If outsourcing a task costs less than your hourly wage, outsource it.

Work as hard as you can. Even though who you work with and what you work on are more important than how hard you work.

Do your best, even though who you work with and what you do is more important than how hard you work.

Become the best in the world at what you do. Keep redefining what you do until this is true.

Strive to be the best person in this field.Keep defining and adjusting until this is achieved.

There are no get rich quick schemes. That’s just someone else getting rich off you.

There is no get-rich-quick strategy in the world, it's just that the get-rich-rich guy wants to make money from you.

Apply specific knowledge, with leverage, and eventually you will get what you deserve.

Use unique knowledge and leverage, and you'll get what you deserve.

When you’re finally wealthy, you’ll realize that it wasn’t what you were seeking in the first place. But that’s for another day.

When you get rich one day, you'll realize that this isn't what you wanted in the first place, but it was that day, and now it's time to make an effort to do what's right in front of you.

Summary: Productize Yourself.

To sum it up: productize you.

What do you feel after reading it, do you think it is chicken soup or a methodology that can be practiced?

A reader's comment below sums it up:

Through the accumulation of unique skills and access to various resources, you can become an invaluable asset to yourself.

This is a path to get rich without luck, but luck is an important factor, which can also be understood as the ancients often said.

Article/Dahui, wechat Public Account: actiondesign, behavioral design. Weibo@dahui captain.