Naval Ravikant and Sahil Lavingia on Clubhouse

Key Takeaways

  • Working hard doesn’t always equal making more money
    • The coder makes more money than the construction worker laying bricks because code can be leveraged more than physical labor
      • “If you don’t have leverage, you’re never going to make real wealth” – Naval Ravikant 
  • If you want to make money, spend more time learning
    • “Success in anything is just a byproduct of learning and learning is just a byproduct of curiosity. So ultimately, if you’re curious about something, you will be successful at it.” – Naval Ravikant 
  • The desire to make money is very hard to turn off and that desire to make money will keep you relatively unhappy and keep you from enjoying your money
  •  4 traits of a successful life that can’t be bought with money:
    • 1) A healthy body
    • 2) A calm mind
    • 3) A loving household
    • 4)  Judgement (knowing who to trust and what to do)
  •  Tips to save more time:
    • Say no to most requests
    • Delete emails without responding and without flinching 
    • Do walking meetings only
    • Keep meetings short (30 minutes and skip the pleasantries)
    • Ask people to do it by email and text instead
    • Spend less time watching movies, sports, or playing video games
  • When someone says they don’t have time, what they’re actually saying is it’s not a priority
  • “You can’t get rid of suffering until you get rid of joy. They’re just opposite sides of the same coin” – Naval Ravikant 

Intro

Books Mentioned

Money & Success

  • Working hard doesn’t always equal making more money
    • The coder makes more money than the construction worker laying bricks because code can be leveraged more than physical labor
      • “If you don’t have leverage, you’re never going to make real wealth” – Naval Ravikant 
  • Building in public isn’t important, what’s important is succeeding in public
    • Sahil posts the financials of Gumroad every month and people love it because the company is doing well, not because he’s just sharing the stats
  • You already know how to get a six-pack, become a better writer, or get rich, all the information for that is available, the only requirement is to do the work
  • 4 traits of a successful life that can’t be bought with money:
    • 1) A healthy body
    • 2) A calm mind
    • 3) A loving household
    • 4)  Judgement (knowing who to trust and what to do)
  • If you want to make money, spend more time learning
    • “Success in anything is just a byproduct of learning and learning is just a byproduct of curiosity. So ultimately, if you’re curious about something, you will be successful at it.” – Naval Ravikant 
  • The desire to make money is very hard to turn off and that desire to make money will keep you relatively unhappy and keep you from enjoying your money

Memory & Getting People To Remember Your Brand

  • If you’re memorizing something, you want to do it in multiple ways. Human memory is stored by multiple triggers, if you want to increase the chances of remembering something, store it with more than one trigger
    • E.g: If you want to memorize a large number, write it out on paper and repeat it out loud multiple times
  • Likewise, if you’re building media or messaging or a brand online, it’s better to approach it multimodally
    • E.g: Share posts on Twitter, write blog posts on your website, have a podcast, post videos on YouTube, etc.
      • “There’s something to multimodal messaging if you really want to get your message out” – Naval Ravikant

Speaking In Public

  • Clubhouse needs a feedback loop where audience members can show their interest or disinterest in what the speakers are talking about
  • Stop trying to speak about what everyone wants to hear, speak about things that are unique and topics people avoid
    • “What’s rare is saying things that are true that either other people haven’t thought through fully before, or things that other people don’t dare to say.”  – Naval Ravikant 
  • Very few people can speak about interesting topics for long periods of time, professional comedians are a small class of people who can (Howard Stern, Joe Rogan, etc.)
    • People who can riff for long periods often build audiences and movements (Donald Trump, Adolf Hitler, etc.)
      • “Those kinds of leaders, for better or for worse, will emerge in Clubhouse and be the dominant personalities over time” – Naval Ravikant 

Knowledge & Wisdom

  • What makes something interesting?
    • It’s either a truth that people didn’t already know, a truth they knew but couldn’t articulate the right way, or something they’re too afraid to say
  • We can collectively build knowledge, but wisdom has to be rediscovered by people one at a time
    • E.g: You can share knowledge about relationships, but you can’t share the wisdom or experience you learned from your past 10 relationships

Happiness & Time

  • Happiness doesn’t mean you have a smile on your face all the time. It means you learned how to be content with your life. 
    • “Your world view is your world” – Naval Ravikant 
      • One form of happiness for Naval, having an empty calendar
  • Tips to save more time:
    • Say no to most requests
    • Delete emails without responding and without flinching 
    • Do walking meetings only
    • Keep meetings short (30 minutes and skip the pleasantries)
    • Ask people to do it by email and text instead
    • Spend less time watching movies, sports, or playing video games
  • When someone says they don’t have time, what they’re actually saying is it’s not a priority
  • Don’t spend time thinking about the past, you can’t go back and in a sense, it doesn’t exist
    • “The present is all that actually exists. That’s where you live. That’s where we exist. That’s what you’ve got to spend time on and time within.” – Naval Ravikant 
  • Your goal should be in a state of flow for most of your day
  • “You can’t get rid of suffering until you get rid of joy. They’re just opposite sides of the same coin” – Naval Ravikant 
    • If you define one event as joyous, then you would have to define another event as suffering
Clubhouse : , , , , ,
Notes By Alex Wiec

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