13. Eric Jorgenson: Health, Wealth, & Wisdom from Naval Ravikant
59 min

My guest today is Eric Jorgenson, the author of The Almanack of Naval Ravikant: A Guide to Wealth and HappinessNaval Ravikant is the co-founder of AngelList, investor in 200+ companies, and considered by many to be a modern-day philosopher.

This book is a collection of Naval's wisdom and experience shared as a curation of his most insightful interviews, essays, and podcasts. In our conversation, Eric shares Naval's advice on how to build wealth, learn the skill of happiness, become a better reader, and much more.

You can get a free ebook copy of the book here: navalmanack.com

TIMESTAMPS:

  • [00:41] - The background story of this book  
  • [03:18] - Who is Naval Ravikant?
  • [05:13] - How to get rich without getting lucky
  • [08:12] - If you want to get rich, you have to own equity
  • [11:23] - How you can use leverage to create wealth
  • [16:27] - Why you want to productize yourself
  • [21:27] - Happiness is a skill you can learn
  • [32:03] - The benefits of meditation & how it can make you happier
  • [37:25] - How Naval reads books & reading tips
  • [43:33] - How has Eric evolved after studying Naval
  • [46:12] - How to apply what you read 
  • [49:50] - Books that had a huge influence on Eric & how they changed him
  • [54:50] - Update on Alex & Books 


Learn more about the author:


***

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The Brandon Zhang Show
The Brandon Zhang Show
Brandon Zhang
S2E22 "Cathryn Lavery - Launching DTC Brands and Picking the Right Co-Founder"
On today’s episode, Cathryn Lavery joins us to talk about how she prepared for her jump to entrepreneurship, picking the right co-founder, and the keys to a successful Kickstarter campaign. Cathryn Lavery is the Founder & CEO of BestSelf Co — an organization dedicated to helping people become their best selves, fulfill their potential, and lead happier lives. Cathryn has sold launched and sold over $25 million in DTC products and was placed #318 on the Inc 5000 list in 2019.  Links: Cathryn's Company Best Self Cathryn's Personal Website How to Name Products Article on Finding a Co-Founder Article on Kickstarter Campaigns Article on Building Relationships as an Introvert Contact Me: My Twitter My Website 5 Key Takeaways:  * The Foundation was a program that helps people build their own businesses to create their own freedom. And it was focused on helping you find a problem industry and finding a solution, it gives you accountability partners, different lessons and modules, and guides you through that process. It was one of the first times I was surrounded by other entrepreneurs and it was actually where I met my co-founder.   * The most important part about a Kickstarter campaign is being able to understand who you are selling to and why the product will help him. This was easy for me to articulate in my first product as the audience was me and just writing about my personal experience helped me find that audience.   * People often think that introverted means anti-social. That’s not true, it just means that I might need time to regroup alone. I think introverts and extroverts just have different ways of managing their energy. This is why I think introverts often think that they can’t network as effectively because of this idea that being social is tied with being extroverted.   * I think looking back at my search for a co-founder, obviously complementary skills were really important but I also should have had more conversations to understand their values, their goals for the future of the company, etc. A business partnership is basically a marriage and you want to have the same level of trust and belief in a business partner as you would a partner in real life.   * I just read this book “The Five Dysfunctions of a Team” and the first domino was a lack of trust. And this is because you have a group of people that are all afraid of being vulnerable and it creates this artificial harmony where no one is able to be themselves. The best way to deepen relationships is by being vulnerable.
58 min
Made You Think
Made You Think
Nat Eliason and Neil Soni
Seek Wealth, Not Money or Status. The Almanack of Naval Ravikant by Eric Jorgenson
“My old definition was "freedom to." Freedom to do anything I want. Freedom to do whatever I feel like, whenever I feel like. Now, the freedom I'm looking for is internal freedom. It's “freedom from." Freedom from reaction. Freedom from feeling angry. Freedom from being sad. Freedom from being forced to do things. I'm looking for "freedom from," internally and externally, whereas before I was looking for “freedom to." On this episode of Made You Think, Nat and Neil discuss The Almanack of Naval Ravikant by Eric Jorgenson, Jack Butcher, and Tim Ferriss. This book contains insights to wealth and happiness according to investor and entrepreneur, Naval Ravikant. From Naval's podcasts and essays to tweets and interviews, his collection of wisdom is put into one piece of writing, sparking great conversations and discussions from Nat and Neil (and tangents of course!) 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This book is based off of interviews, podcasts, tweets, and other content from Naval Ravikant, exploring his worldview and how he perceives different ideas such as wealth and happiness. Additionally, Naval is a well-known investor and former CEO of AngelList. 5:51 - Angel investors vs. early investors. The reasons why someone may choose to invest early in a growing company, with one of those reasons often being to increase your social capital. 10:15 - Small business crowdfunding. How a brewing company in Pennsylvania leverages their customers and local community. 12:20 - Naval was also into cryptocurrency, and co-founded a cryptocurrency hedge fund with his brother, Kamal. He's what they call a Twitter philosopher, and is able to provide timeless wisdom into small packages that resonates with a lot of people. 16:50 - “Let's get you rich first. I'm very practical about it because, you know, Buddha was a prince. He started off really rich, then he got to go off in the woods.” Is there a link between increased wealth and happiness? Wealth first, so you can have the freedom to say ‘no’ to things that don’t make you happy, and from there you can build a happier life. 22:01 - “To me, the real winners are the ones who step out of the game entirely, who don't even play the game, who rise above it. Those are the people who have such internal mental and self-control and self-awareness, they need nothing from anybody else.” Money and fame. It’s hard to say no to money, and at what point do you say no to something? Examples of public figures who have stepped out of the public eye. 24:59 - Earlier in Naval’s career, he was quick to temper, and it’s been a big goal to get that under control. It can be hard to balance business and mental peace, especially when you’re at the level that Naval is. 28:18 - The idea of “Freedom from” comes back into play here. Having more control of people who you work with and work for, and wealth gives you the power to say ‘no’ to things that make you unhappy or drain your energy. Clearing up mental space. 33:42 - It’s important to use automation and outsource repetitive work to save your resource of time, which ultimately allows you to scale your income. “Technology democratizes consumption but consolidates production.” 38:07 - Leveraging online tools. The nearly unlimited scalability of an e-product or online course. There’s real value in having an audience of supporters and an email list. 44:05 - “Learn to sell, learn to build. If you can do both, you will be unstoppable.” The two go hand-in-hand when you can learn to build things that can sell itself effortlessly while you sleep. The broader definition of ‘sell’ includes marketing, too. “The year I generated the most wealth for myself was actually the year I worked the least hard and cared the least about the future. 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1 hr
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57 min
Flow Research Collective Radio
Flow Research Collective Radio
Flow Research Collective
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45 min
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