Naval Ravikant - Money Habits Keeping You Poor [w/ Charlie Munger, Mohnish Pabrai]

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It's packed with 23 Nuggets from top Influential Doers and Entrepreneurs (in their own words), 🎆 visuals (to make it super easy to understand), and my own 💭 reflections.

⚡️ SOURCES

(Upgrading your Lifestyle)

(Selling you cheap)

(“Investing” in Get-Rich-Quick Schemes)

(Not Compounding Your Savings And Start Compounding Too Late)

CHAPTERS
0:00 - Upgrading your Lifestyle
0:57 - The Life of Mozart (Negative Example)
1:37 - Mr Money Mustache (Positive Example)
4:20 - Selling You Cheap
5:28 - "Investing" in Get-Rich-Quick Schemes
8:43 - Not Compounding your Savings
9:59 - Start Compounding Too Late
10:46 - Reflections
11:53 - My 4 Favorite Tools for Leaning And Productivity in 2023

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[alphabeta]

4:21 Pick an aspirational hourly rate
5:29 There are no get rich quick schemes
8:30 If you want to become a philosopher king, first become a king, then become a philosopher
8:45 *Compound interest is the 8th wonder of the world*
11:20 How to lose time and money

[StellaAlmiron]

Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains.

[PickingNuggets]

Through my special link, you’ll get a 5-day FREE trial and a 20% off the annual subscription!

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[JakeRichardsong]

Mozart's cause of death was not any character issues, it was: post-streptococcal Schönlein-Henoch syndrome which caused chronic glomerular nephritis and chronic renal failure. He was also prone to illness since childhood. Again, not his fault.

[Ethannesss]

"burning neurons", that's a good one!!!

[TharunsJournal]

I enjoy watching your YouTube channel the most

[Muller_Andr]

new trader here, love these vids this stuff is above my head. but after learning for two years starting to understand what your doing, would love to trade like this in my IRA I'll get there one day.

[bec_Divyansh]

Great advice for handling money this year!

[ryanpena]

Awesome content, love all your videos

[myexperimentalmind]

Thanks for another upload!!! Hope you keep them coming!

[dsinghr]

There is nothing worse than having money in bank account and not splurging it. Frugality is worst than torture

[MTtroutfisher]

Correction: MMM didn’t have a goal to retire early, it just kinda happened as he’d built up enough resources to be self-supporting and could then leave traditional work.

[Blubbha]

So it's like this: push yourself as much as possible before you start a family to increase your income or build income streams. Then start to invest. Build up more income streams which is the hardest for sure. But reach a level where you can live from 50 to 75% and ignore the rest. Once you start pay yourself first it's easier to invest and build long-term wealth. Don't do it the other way around.

[JaMarrJ]

Great video brother definitely getting a sub from me - Happy New Year! 🎈 🎉

[patrickmack]

Mr Money Moustache does... not live in the sticks in Colorodo...he has purchased a new car, he's gotten divorced, and earns more $ than 90% of US housholds, even in 2023, ignoring investment income.

[martinrea]

I wouldn't like a wife with a mustache, no matter how good she was with money.

[Jay-utov]

An update: MMM is now divorced. Life isn't always pretty

[DrFractal]

Naval has run out of material five years ago - now just full time grifting! Angellist 😮