AudioTranscriberAI_How to Get Rich

Oct 21, 2026 22:56 · 3:35:36 · SK · Whisper Turbo · 8 Locutores
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S… Speaker 1 (AudioTranscriberAI_How to Get Rich)
Hey, this is Nivi,
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S… Speaker 1 (AudioTranscriberAI_How to Get Rich)
you're listening to the Naval Podcast.
0:02
S… Speaker 1 (AudioTranscriberAI_How to Get Rich)
This is one giant megasode that collects every episode
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we've done on getting rich,
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all of it based on his tweetstorm of how to get rich
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without getting lucky.
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I've collected them all here because we're going to switch topics to
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the new topic of happiness on the next episode.
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S… Speaker 1 (AudioTranscriberAI_How to Get Rich)
We've published one of these giant megasodes before,
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but this one's even bigger.
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It's about three and a half hours long.
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It covers all the tweets from the How to Get Rich tweetstorm,
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plus all the Q &A that we did after that,
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plus 10 minutes of bonus material at the very end
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that we've never released.
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The overall sound quality of this megasode improves
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a lot after the first hour.
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You can find a link to a clean transcript in the show notes,
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or if you go to the website nav .al.
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There's no .com at the end.
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I hope you enjoy.
0:56
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You probably know Naval from his Twitter account,
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and we're going to be talking about his epic tweet storm on how to
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get rich without getting lucky.
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We're going to go through most of the tweets in detail,
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give Naval a chance to expand on them and just generally riff on the topic.
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He'll probably throw in some ideas that he hasn't even published before.
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He's also the co -founder of AngelList and Epinions.
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He's a prolific tech investor in companies like Twitter,
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Uber and many more.
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And I'm the co -founder of AngelList with Naval,
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and I also co -authored the Venture Hacks blog with him back in the day.
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S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
Yeah,
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the How to Get Rich Street Storm definitely hit a nerve.
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A lot of people say it was helpful,
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reach across aisles,
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and people outside of the tech industry,
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people in all walks of life,
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people do want to know how to solve their money problems.
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And everyone vaguely knows that they want to be wealthy,
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but they don't have a good set of principles to do it by.
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S… Speaker 1 (AudioTranscriberAI_How to Get Rich)
What's the difference between wealth?
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Money and status.
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Wealth is the thing that you really want.
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Wealth is assets that earn while you sleep.
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Wealth is the factory,
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the robots that's cranking out things.
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Wealth is the computer program that's running at night that's serving other customers.
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Wealth is even money in the bank that is being reinvested
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into other assets and into other businesses.
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Even a house can be a form of wealth because you can rent it out.
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Although that's probably a lower use of productivity in the land than actually doing some commercial
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enterprise.
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So my definition of wealth is much more businesses and assets
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that can earn while you sleep.
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But really the reason you want wealth is because it buys your freedom.
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So you don't have to wear a tie like a collar around your neck.
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So you don't have to wake up at 7 a .m.
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and rush to work and sit in commute traffic.
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So you don't have to waste away your entire life grinding all the productive hours into
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a way to a soulless job that doesn't fulfill you.
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So the purpose of wealth is freedom.
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It's nothing more than that.
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It's not to buy fur coats or drive Ferraris or sail yachts or jet around the world
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near Gulf Stream.
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That stuff gets really boring and really stupid really fast.
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It's really just so that you are your own sovereign individual.
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You're not going to get that unless you really want it.
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And the entire world wants it.
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And the entire world is working hard at it.
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And to some extent,
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it is competitive.
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It's a positive sum game,
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but there are competitive elements to it.
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Because there's a finite amount of resources right now in society,
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and to get the resources to do what you want,
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you have to stand out.
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Money is how we transfer wealth.
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Money is social credits.
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It is the ability to have credits and debits on other people's time.
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If I do my job right,
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if I create value for society,
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society says,
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oh, thank you.
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We owe you something in the future for the work that you did in the past.
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Here's a little I owe you.
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Let's call that money.
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And that money gets debased because people steal the IOUs,
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the government prints extra IOUs,
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people renege on their IOUs.
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But really what money is trying to be is it's trying to be a reliable
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IOU from society that you are owed something for something you or
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someone who gave you the money did in the past.
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And we can transfer these IOUs around.
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So really money is how we transfer wealth.
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There are fundamentally two huge games in life that people play.
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One is the money game because
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Money is not going to solve all your problems,
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but it's going to solve all your money problems.
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So I think that people know that.
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They realize that so they want to make money.
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But at the same time,
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many of them deep down believe that they can't make it.
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They don't want any wealth creation to happen.
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So they virtue signal by attacking the whole enterprise by saying,
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well, making money is evil and you shouldn't do it,
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blah, blah, blah.
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But what they're trying to do is they're actually playing the other game,
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which is a status game.
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They're trying to be high status in the eyes of other people watching.
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by saying, well, I don't need money,
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we don't want money.
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And then status is just your ranking in the social hierarchy.
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So wealth is not a zero -sum game.
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Everybody in the world can have a house.
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Because you have a house doesn't take away from my ability to have a house.
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If anything,
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the more houses that are built,
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the easier it becomes to build houses,
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the more we know about building houses,
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and just the more people that can have houses.
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So wealth is a very positive sum game.
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Ďakujem za pozornosť.
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Ďakujem za pozornosť.
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Ďakujem za pozornosť.
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Status, on the other hand,
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is a zero -sum game.
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It's a very old game.
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We've been playing it since Monkey Tribes,
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and it's hierarchical,
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who's number one,
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who's number two,
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who's number three.
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And for number three to move to number two,
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number two has to move out of that slot.
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So status is a zero -sum game.
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Politics is an example of a status game.
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Even sports is an example of a status game.
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To be the winner,
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there must be a loser.
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I don't fundamentally love status games.
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They play an important role in our society,
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so we figure out who's in charge.
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But fundamentally,
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you play them because they're a necessary evil.
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The problem is on an evolutionary basis,
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like if you go back thousands of years,
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status is a much better predictor of survival than wealth is.
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You couldn't have wealth before the farming age,
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before farmers,
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because you couldn't store things.
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Hunter -gatherers carried everything on their backs.
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So hunter -gatherers lived entirely in status -based societies.
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Farmers started going to wealth -based societies,
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and the modern industrial economies are much more heavily wealth -based societies.
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But there's always a subtle competition going on between status and wealth.
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For example, when journalists attack rich people or attack the technology
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industry, they're really bidding for status.
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They're saying, no,
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the people are more important and I,
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the journalist, represent the people and therefore I am more important.
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The problem is that by playing these status games,
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to win at a status game,
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you have to put somebody else down.
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That's why you should avoid status games in your life.
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Because they make you into an angry,
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combative person.
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You're always fighting to put other people down,
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to put yourself and the people that you like up.
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And they're always going to exist.
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There's no way around it.
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But just realize that most of the times when you're trying to create wealth,
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you're actually getting attacked by someone else.
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And they're trying to look like a goody two shoes.
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But really what they're doing is they're trying to up their own status at your expense.
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They're just playing a different game and it's a worse game.
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It's a zero sum game instead of a positive sum game.
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One thing you mentioned before the interview that stuck with me was the idea
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that you think everyone can become rich and that perhaps
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some of the ways of getting rich or the idea of wealth is
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vilified by some people in other countries.
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Do you want to expand on that a little bit?
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S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
Yeah, I think there's this notion that making money is
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evil, right?
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It's like rooted all the way back down to money is the root of all evil.
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People think that the bankers steal our money.
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And, you know,
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it's somewhat true in that in a lot of the world,
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there's a lot of theft going on all the time.
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The history of the world in some sense is this predator -prey
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relationship between makers and takers.
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There are people who go out and create things and build things and work hard on things.
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And then there are people who come along and take with a sword or a gun or taxes or crony
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capitalism or communism or what have you.
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There's all these different methods to steal.
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Even in nature,
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there are more parasites than there are non -parasitical organisms.
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You have ton of parasites in you who are living off of you.
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And the better ones are symbiotic or giving something back.
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But there are a lot that are just taking.
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That's just the nature of how any complex system is built.
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But what I am focused on is true wealth creation.
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It's not about taking money.
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It's not about taking something from somebody else.
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But it's from creating abundance.
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Obviously,
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there's not a finite number of jobs or a finite amount of wealth.
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Otherwise, we would still be sitting around in caves,
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figuring out how to divide a piece of firewood and,
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you know, the occasional dead deer.
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So most of the wealth in civilization,
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in fact,
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not most, all of it has been created.
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And it got created from somewhere.
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It got created from people.
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It got created from technology,
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got created from productivity,
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got created from hard work.
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So this idea that it's stolen is,
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I think, this horrible zero -sum game that people who are trying
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to gain status play.
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But the reality is everyone can be rich.
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And we can see that by seeing that in the first world,
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everyone is richer than almost anyone who was alive 200 years ago.
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200 years ago,
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nobody had antibiotics,
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nobody had cars,
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nobody had electricity,
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nobody had the iPhone.
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So all of these things are inventions that have made us wealthier as a species.
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Today,
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I would rather be a poor person in a first world country than be a
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S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
rich person in Louis XIV's France.
9:13
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I'd rather be a poor person today than an aristocrat back then.
9:16
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And that's just because of wealth creation.
9:19
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The engine of technology is science that is applied for the purpose of creating abundance.
9:23
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So I think fundamentally,
9:25
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everybody can be wealthy.
9:26
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And the thought experiment I want you to think through...
9:29
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Imagine if everybody had the knowledge of a good software
9:34
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engineer and a good hardware engineer.
9:36
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If you could go out there and you could build robots and computers and
9:40
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bridges and program them.
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Let's say every human knew how to do that.
9:43
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What do you think society would look like in 20 years?
9:47
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My guess is what would happen is we would build robots,
9:50
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machines, software and hardware to do everything.
9:53
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And we would all be living in massive abundance.
9:56
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we would essentially be retired in the sense that none of us would have to work for any
10:00
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We'd even have robotic nurses.
10:02
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We'd have machine -driven hospitals.
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S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
We'd have self -driving cars.
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S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
We'd have farms that are 100 % automated.
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We'd have clean energy.
10:10
S… Speaker 3 (AudioTranscriberAI_How to Get Rich)
So at that point,
10:11
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we could use technology breakthroughs to get everything that we
10:15
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wanted.
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And if anyone is still working at that point,
10:17
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they're working as a form of expressing their creativity.
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They're working because it's in them to contribute and to build and design things.
10:24
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So I don't think capitalism is evil.
10:26
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Capitalism is actually good.
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It's just that it gets hijacked.
10:30
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It gets hijacked by improper pricing
10:32
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of externalities. It gets hijacked
10:34
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by improper deals
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where you have corruption
10:38
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or you have monopolies.
10:40
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Overall, capitalism is intrinsic
10:42
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to the human species. Capitalism is not
10:44
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something we invented. Capitalism is not
10:46
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even something we discovered. It is
10:48
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
innate to us in every exchange that we have.
10:50
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When you and I exchange information,
10:53
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I want some
10:54
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information back from you, I give you information, you give me information.
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If we weren't having a good information exchange,
10:59
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you'd go talk to somebody else.
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So the notion of exchange and keeping track of credits and debits,
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this is built into us as flexible social animals.
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We are the only animals in the animal kingdom that cooperate across genetic boundaries.
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Most animals don't even cooperate,
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but when they do,
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they cooperate only in packs where they co -evolve together and they share
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blood, so they have some shared interests.
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Humans don't have that.
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And what lets us cooperate?
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It's because we can keep track.
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of debits and credits.
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Who put in how much work?
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Who contributed how much?
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That's all free market capitalism is.
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So I strongly believe that it is innate to the human species
11:35
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and we are going to create
11:37
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more and more wealth and abundance for everybody.
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S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
Everybody can be wealthy.
11:41
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
Everybody can be retired.
11:43
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Everybody can be successful.
11:44
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
It is merely a question of education and desire.
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You have to want it.
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If you don't want it, that's fine.
11:50
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Then you opt out of the game.
11:51
S… Speaker 3 (AudioTranscriberAI_How to Get Rich)
But
11:51
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But don't try and put down the people who are playing the game,
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because that's the game that keeps you in a comfortable warm bed at night.
11:58
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That's the game that keeps a roof over your head.
12:00
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That's the game that keeps your supermarket stock.
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That's the game that keeps the iPhone buzzing in your pocket.
12:05
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So it is a beautiful game that is worth playing ethically,
12:09
S… Speaker 3 (AudioTranscriberAI_How to Get Rich)
rationally,
12:10
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morally, socially for the human race.
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And it's going to continue to make us all richer and richer until we have massive wealth
12:16
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creation for anybody who wants it.
12:18
S… Speaker 1 (AudioTranscriberAI_How to Get Rich)
And it's not just individuals secretly despising wealth,
12:21
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right? There's countries,
12:22
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groups,
12:23
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political parties that overtly despise wealth,
12:27
S… Speaker 1 (AudioTranscriberAI_How to Get Rich)
or at least seem to.
12:28
S… Speaker 4 (AudioTranscriberAI_How to Get Rich)
That's right.
12:29
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And so what those countries,
12:31
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political parties and groups are reduced is playing the zero -sum game of status.
12:35
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And in the process to destroy wealth creation,
12:37
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they drag everybody down to their level,
12:38
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which is why the U .S.
12:40
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is a very popular country for immigrants,
12:42
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because it's the American dream.
12:43
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Anyone can come here,
12:44
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be poor,
12:45
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
and then work really hard and make money and get wealthy,
12:48
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
but even just make some basic money for their lives.
12:50
S… Speaker 5 (AudioTranscriberAI_How to Get Rich)
Obviously,
12:51
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
the definition of wealth is different for different people.
12:53
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A first world citizen's definition of wealth might be,
12:55
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
oh, I have to make millions of dollars and I'm completely done,
12:58
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whereas to a third world poor immigrant just entering the country,
13:01
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
and we were poor immigrants who came here when I was fairly young to the United States,
13:05
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
wealth may just be a much lower number.
13:07
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
It may just be like,
13:07
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
I don't have to work a manual labor job for the rest of my life that I don't want to work.
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S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
But groups that despise it will essentially bring the entire group down
13:16
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to that level.
13:16
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If you get too many takers and not enough makers,
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society falls apart.
13:21
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
You end up with a communist country,
13:23
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
look with Venezuela,
13:23
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
right?
13:24
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
They were so busy taking and dividing and reallocating that people are literally starving
13:28
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
in the streets and losing kilograms of body weight every year just through sheer
13:32
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starvation.
13:33
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
Another way to think about it is imagine an organism that has too many parasites.
13:37
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
You actually need some small number of parasites to stay healthy,
13:41
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
and you need a lot of symbiotes,
13:43
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
like all the mitochondria in all of our cells that help us respirate
13:47
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
and burn oxygen.
13:48
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
These are symbiotes that help us survive.
13:51
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We couldn't survive without them.
13:52
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
But to me,
13:53
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
those are partners in the wealth creation that creates the human body.
13:56
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
But if you just were filled with parasites,
13:58
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
if you got infected with worms or a virus or bacteria that were purely
14:02
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
parasitical,
14:03
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you would die.
14:05
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
Any organism can only withstand a small number of parasites.
14:08
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
And when the parasitic element gets too far out of control,
14:12
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you die.
14:12
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
So, you know,
14:13
S… Speaker 3 (AudioTranscriberAI_How to Get Rich)
again,
14:14
S… Speaker 4 (AudioTranscriberAI_How to Get Rich)
I'm talking about ethical wealth patient.
14:16
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
I'm not talking about monopolies.
14:17
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
I'm not talking about crony capitalism.
14:18
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
I'm not talking about mispriced externalities like the environment.
14:21
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
I'm talking about free minds and free markets,
14:24
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
small -scale exchange between humans that's voluntary and doesn't have an outsized
14:28
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
impact on others.
14:29
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
But I think that kind of wealth creation,
14:31
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
if a society does not respect it,
14:32
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
if a group does not respect it,
14:34
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
that society will plunge into ruin and darkness.
14:37
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
Obviously, we want to be wealthy and we want to get there in this lifetime without
14:41
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
having to rely on luck.
14:43
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
A lot of people think making money is about luck.
14:45
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
It's not.
14:45
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
It's about becoming the kind of person that makes money.
14:48
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
I like to think that if I lost all my money and if
14:52
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
you dropped me on a random street in any English -speaking country,
14:55
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
within 5 -10 years,
14:57
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
I'd be wealthy again.
15:00
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
It's just a skill set that I've developed and I think anyone can develop.
15:03
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
In a thousand parallel universes,
15:05
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
you want to be wealthy in 999 of them.
15:08
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
You don't want to be wealthy in the 50 of them where you got lucky.
15:11
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
So we want to factor luck out of it.
15:13
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
There's really four kinds of luck that we were talking about.
15:15
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
This came from a book,
15:17
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
P.
15:17
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
Mark Andreessen wrote a blog post about it.
15:20
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
But there's different kinds of luck.
15:22
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
The first kind of luck you might just say is like blind luck,
15:25
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
where I just got lucky because something...
15:28
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
completely out of my control happen.
15:29
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
That's fortune,
15:30
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
that's fate, etc.
15:31
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
Then there's luck that comes through persistence,
15:34
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
hard work,
15:35
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
hustle, motion,
15:36
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
which is when you're just running around creating lots of opportunities,
15:39
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
you're generating a lot of energy,
15:41
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
you're doing a lot of things.
15:42
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
Lots of things will just get stirred up in the dust.
15:45
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
It's almost like mixing a Petri dish and seeing what combines or mixing
15:49
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
a bunch of reagents and seeing what combines.
15:51
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
You're just generating enough force and hustle and energy that luck will
15:55
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
find you.
15:56
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
A third way is that you just become very good at spotting
16:00
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
luck.
16:01
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
So if you are very skilled in a field,
16:03
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
you will notice when a lucky break happens in that field when other people
16:07
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
who aren't attuned to it won't notice.
16:09
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
So you become sensitive to luck and that's through skill and knowledge and work.
16:13
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
And then the last kind of luck is the weirdest,
16:16
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
hardest kind,
16:17
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
but that's what we want to talk about,
16:18
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
which is where you build a unique character,
16:21
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
a unique brand,
16:22
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
a unique mindset where then luck finds you.
16:26
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
For example,
16:27
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
let's say that you're the
16:29
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
best person in the world at deep sea underwater diving.
16:33
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
And you're known to take on deep sea underwater dives that nobody else will
16:37
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
even attempt to dare.
16:38
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
And then by sheer luck,
16:41
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
somebody finds a sunken treasure ship off the coast they can't
16:45
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
get at. Well,
16:46
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
their luck just became your luck because they're going to come to you to get that treasure and
16:50
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
you're going to get paid for it.
16:51
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
Now, that's an extreme example,
16:52
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
but it's just showing how like...
16:54
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
The person who got lucky by finding the treasure chest,
16:56
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
that was blind luck.
16:57
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
But them coming to you and asking you to extract it and having to give you half,
17:01
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
that's not luck.
17:02
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
You created your own luck.
17:03
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
You put yourself in a position to be able to capitalize on that luck or to attract
17:07
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
that luck when nobody else has created that opportunity for themselves.
17:11
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
So when we talk about without getting lucky,
17:14
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
we want to be deterministic.
17:15
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
We don't want to leave it to chance.
17:16
S… Speaker 1 (AudioTranscriberAI_How to Get Rich)
Do you want to elaborate a little bit more on the idea that in a thousand parallel
17:21
S… Speaker 1 (AudioTranscriberAI_How to Get Rich)
universes,
17:21
S… Speaker 1 (AudioTranscriberAI_How to Get Rich)
you want to get rich in 999 of them?
17:25
S… Speaker 1 (AudioTranscriberAI_How to Get Rich)
I think some people are going to see that and say,
17:27
S… Speaker 1 (AudioTranscriberAI_How to Get Rich)
that sounds impossible,
17:29
S… Speaker 1 (AudioTranscriberAI_How to Get Rich)
sounds like it's too good to be true.
17:31
S… Speaker 3 (AudioTranscriberAI_How to Get Rich)
No,
17:32
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
I don't think it's impossible.
17:33
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
I think that you may have to work a little bit harder at it,
17:36
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
given your starting circumstances.
17:37
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
I mean,
17:38
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
remember, I started as a poor kid in India,
17:39
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
right?
17:40
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
So if I can make it,
17:41
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
anybody can,
17:42
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
in that sense.
17:43
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
Now, obviously,
17:44
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
I had all my limbs and I had my mental faculties and I did have an education.
17:48
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
So there are some prerequisites you can get past.
17:50
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
But if you're listening to this video or podcast,
17:53
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
you probably have the requisite means at your disposal,
17:56
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
which is a functioning body and a functioning mind.
17:58
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
And I've encountered plenty of bad luck along the way.
18:01
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
First little fortune that I made,
18:02
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
I instantly lost in the stock market.
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S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
The second little fortune that I made,
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S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
or I should have made,
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S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
I got cheated by my business partners.
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S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
It's only the third time around has been a charm.
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S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
And even then,
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S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
it has been a slow and steady struggle.
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And I haven't made money in my life in one giant payout.
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S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
It's always been a whole bunch of small things piling up.
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S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
So it's more about consistently creating wealth by creating businesses and
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creating opportunities and creating investments.
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S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
It hasn't been like a giant one -off thing.
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S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
My personal wealth has not been generated by one big
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S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
year.
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S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
It just stacks up little bit chips at a time.
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S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
more options,
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S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
more businesses,
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S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
more investments,
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S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
more things I can do.
18:42
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
Same way,
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S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
someone like a Ninad,
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S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
he's building his brand online,
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S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
he's building videos.
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S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
It's not like any one video is going to suddenly shower him
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S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
with riches overnight.
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S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
It's going to be a long lifetime of learning,
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S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
of reading,
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S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
of creating that's just going to compound.
18:59
S… Speaker 2 (AudioTranscriberAI_How to Get Rich)
So we're talking about getting wealthy so you can retire,

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