Time management: control your own time, optimise for independence; Leverage, output, judgment（coding/capital do the work, get paid for your judgment); get paid for actual work
Time Management Video by Naval Ravikant a great goal in life: to not have to be at a certain place at a certain time. optimize for independence rather than good pay. the dream is being accountable to your output, not just your input. look for places where 1 unit of work does not just equal 1 unit of pay, that’s linear. you want big output from a small input. we live in an age of leverage. use as much as possible. be in control of your own time. get a leveraged job. where you are tracked on the outputs. that way if you get results you have to be paid for them. Forms of Leverage: Labor Capital Code (permissionless) Media (permissionless) when your pay is based on results, you are (most likely) paid what you are worth. then you can have your time back, you don’t have to spend a ton of time pretending to be busy working. then you can be hyper efficient. aspire to be paid for your judgement.
Whats your advice for person doing job crossed 33 yrs , had family responsibilities and still had a spark to do something but yes not much techie or coder which is best regarding taking time out everyday and which discipline to explore ?
I'm just another fan of Naval, but I would consider something in which you can put your interests/passions. And that something should also have some sort of leverage by its own nature.--> If not code, you can always create a piece of media/content and put it out there in youtube, twitter... And with some patience there may be a fit btw your product and an audience! (there is leverage in media creation because the marginal cost for consumption is 0. Just like Code). Hope it helps!
He argues there are 4 kinds of leverage: Labor, Capital, Code and Media. Example with Labor --> You can have a bigger impact by having more people working for you.
Everyone should aspire to get paid for their judgement? What's the difference between that and classification? İ don't want to judge images to see if there is indeed a cat or dog in that image as the Aİ says, for one.
My problem with CEOs is I don't believe they add as much value as they take. Most CEO nowadays are told to maximise short term gains at the expense of long term growth.
Trouble with all this is you can afford to be you and get away with it only if you're as talented, authentic and leveraged as people like Naval or the vastly underrated Kapil Gupta. Most people are not like them, and all this is inapplicable for them. Most people don't have the right DNA that Kapil talks about and by his own admission, it can't be cultivated. So then, what are they to do? I don't think anyone has an answer. So people like Naval and Kapil should really be brainstorming to figure a way out for the hoi polloi. Absent which, they'll be left floundering and flailing as they always have been. It doesn't serve anyone to say that there is no prescribed path to truth, that the ones who get it get it organically, in that case what is everyone else going to do? Sucking sore thumbs? I don't profess to know the answer, but the very tenet that prescriptions of any form are complete anathema for the striving for truth is maybe flawed. There ought to be some sort of guardrails for the masses to navigate their way through life which can be genuinely useful for most people are indeed looking for direction notwithstanding the fact that in fact for true legendary greatness there may not be any. But everyone need not become legendary, they just need a pathway through the intricate maze that is life, and some basic ground rules upon which they can build their own operational worldview. I don't profess to know what they could be but they ought to be collectively brainstormed. That's aaall, your honor.
Naval, Cal Newport, Tim Ferris, etc. are focused on how people in the ideal situation (talented, went to good schools, work hard). Their fans fail to see this because they all think they can become like Naval if they work hard enough. There isn't a solution to this, except putting your children (direct relatives or neice, nephew, etc) in the best position to succeed. People like Naval didn't choose to be successful as much as their parents put them in a position to be successful. Naval's parents gave him the skill to pass the test to get into Stuyvesant which Naval admitted himself "saved" his life. If he didn't get into Stuyvesant, he acknowledged that he would not have made it into an Ivy League college and would not have went into tech.
![Naval Ravikant | How to be Great at Anything - And what to Avoid [with Kapil Gupta, Jordan Peterson]](http://i.ytimg.com/vi/CqutgfBIuMw/mqdefault.jpg)
![Naval Ravikant | How to be Great at Anything - And what to Avoid [with Kapil Gupta, Jordan Peterson]](/img/tr.png)
![Naval Ravikant - The 5 BIGGEST Truths That Society CAN'T Tell You [w/ Peter Thiel]](http://i.ytimg.com/vi/92gz9YaeCNY/mqdefault.jpg)
![Naval Ravikant - The Most Important Skill to Become Successful [w/ Charlie Munger]](http://i.ytimg.com/vi/xUnBaoU4dyg/mqdefault.jpg)
“Being paid paid for judgement and not work.” Wow! Subscribed.
Thanks!!
Time management: control your own time, optimise for independence; Leverage, output, judgment（coding/capital do the work, get paid for your judgment); get paid for actual work
Where is the full interview of this? What is this gem of a channel I came across
Thank you!
You can find it here:
ua-cam.com/video/LhcN2vNkdz0/v-deo.html&ab_channel=ClubhousePodcast
Same. Great nugs.
Excellent channel
You're laying out the dream for the high-openness, low-conscientiousness person.
what does it mean to be low-conscientiousness and high-openness
@@jaden5843 Look up the Big 5 personality trait model.
this is really a gold nugget, thank you for this!
Thanks for watching :)
I really like the part of notes u added at the end of video.... Loved it
Thank you so much Eranna. I'm happy that it added value to you. Take care :)
@@PickingNuggets notes at the end of video are your usp .keep on doing the great work
This channel is a gold mine.... A small suggestion, kindly take care of the audio quality.
Thank you so much for the kind words and the feedback!
read more
Time Management Video by Naval Ravikant
a great goal in life: to not have to be at a certain place at a certain time.
optimize for independence rather than good pay.
the dream is being accountable to your output, not just your input.
look for places where 1 unit of work does not just equal 1 unit of pay, that’s linear.
you want big output from a small input.
we live in an age of leverage. use as much as possible.
be in control of your own time.
get a leveraged job.
where you are tracked on the outputs.
that way if you get results you have to be paid for them.
Forms of Leverage:
Labor
Capital
Code (permissionless)
Media (permissionless)
when your pay is based on results, you are (most likely) paid what you are worth.
then you can have your time back, you don’t have to spend a ton of time pretending to be busy working.
then you can be hyper efficient.
aspire to be paid for your judgement.
One of the best explanations I've heard.
Ps. It will be good if you upgrade your mic.
The original video is an impromptu video made using Naval RaviKant’s smartphone. Plus it was made on Periscope.
*output = amount_of_leverage x input
not the other way around, but great video thanks!
thank you!
Error at the end notes: output = input * leverage
Thanks for the correction !
Whats your advice for person doing job crossed 33 yrs , had family responsibilities and still had a spark to do something but yes not much techie or coder which is best regarding taking time out everyday and which discipline to explore ?
I'm just another fan of Naval, but I would consider something in which you can put your interests/passions. And that something should also have some sort of leverage by its own nature.--> If not code, you can always create a piece of media/content and put it out there in youtube, twitter... And with some patience there may be a fit btw your product and an audience! (there is leverage in media creation because the marginal cost for consumption is 0. Just like Code).
Hope it helps!
are you there on spotify??
Complete interview?
ua-cam.com/video/PEGTfXngUWg/v-deo.html&ab_channel=BrainOnFire
There you go!
@@PickingNuggets thanks
Awesome!!!
Can someone please explain the context in which he is using the word leverage with an example?
He argues there are 4 kinds of leverage: Labor, Capital, Code and Media.
Example with Labor --> You can have a bigger impact by having more people working for you.
@@PickingNuggets thank you 🙏
When was this livestream?
End of 2018
Judgement pay: think balloon tower defense. You are the player telling where to put the tower, not the archer in the tower doing the "HARD WORK".
Everyone should aspire to get paid for their judgement? What's the difference between that and classification? İ don't want to judge images to see if there is indeed a cat or dog in that image as the Aİ says, for one.
Its more about décision making than classification
One suggestion I have is you need to start to exercising. Then people will become more interested in your valuable content
Awesome
My problem with CEOs is I don't believe they add as much value as they take. Most CEO nowadays are told to maximise short term gains at the expense of long term growth.
Thats the beginning of the decline to death for that company. Its "day 2", as Jeff Bezos says.
5:30
Gem of a channel this should be flooded with views. But then most of the world is on Facebook or Porn hub. My chance to dominate.Yaay
Trouble with all this is you can afford to be you and get away with it only if you're as talented, authentic and leveraged as people like Naval or the vastly underrated Kapil Gupta. Most people are not like them, and all this is inapplicable for them. Most people don't have the right DNA that Kapil talks about and by his own admission, it can't be cultivated. So then, what are they to do? I don't think anyone has an answer. So people like Naval and Kapil should really be brainstorming to figure a way out for the hoi polloi. Absent which, they'll be left floundering and flailing as they always have been. It doesn't serve anyone to say that there is no prescribed path to truth, that the ones who get it get it organically, in that case what is everyone else going to do? Sucking sore thumbs? I don't profess to know the answer, but the very tenet that prescriptions of any form are complete anathema for the striving for truth is maybe flawed. There ought to be some sort of guardrails for the masses to navigate their way through life which can be genuinely useful for most people are indeed looking for direction notwithstanding the fact that in fact for true legendary greatness there may not be any. But everyone need not become legendary, they just need a pathway through the intricate maze that is life, and some basic ground rules upon which they can build their own operational worldview. I don't profess to know what they could be but they ought to be collectively brainstormed. That's aaall, your honor.
I believe Objectivism is at least mostly correct. It is the philosophy of Ayn Rand.
Naval, Cal Newport, Tim Ferris, etc. are focused on how people in the ideal situation (talented, went to good schools, work hard). Their fans fail to see this because they all think they can become like Naval if they work hard enough. There isn't a solution to this, except putting your children (direct relatives or neice, nephew, etc) in the best position to succeed. People like Naval didn't choose to be successful as much as their parents put them in a position to be successful. Naval's parents gave him the skill to pass the test to get into Stuyvesant which Naval admitted himself "saved" his life. If he didn't get into Stuyvesant, he acknowledged that he would not have made it into an Ivy League college and would not have went into tech.
Investors are purely "paid" for their judgement.
❤❤p
Edit end quote.
Hello! I edited it on the description
@@PickingNuggets thanks for reply!
poor voice quality , couldnt hear a thing