<aside> ‼️ IN PROGRESS!!! BTW, NAVAL WRITES SO GOOD THAT THERE IS NO POINT IN SUMMARISE IT. 🤷
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<aside> âś… Wealth is assets that earn while you sleep
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What’s the difference between wealth, money and status?
Wealth is assets that earn while you sleep.
You want wealth because it buys you freedom. The purpose of wealth is freedom; it’s nothing more than that. It’s not to buy fur coats, or to drive Ferraris, or to sail yachts, or to jet around the world in a Gulf Stream. That stuff gets really boring and stupid, really fast. It’s about being your own sovereign individual.
You’re not going to get that unless you really want it. The entire world wants it, and the entire world is working hard at it.
It is competitive to some extent. It’s a positive sum game—but there are competitive elements to it, because there’s a finite amount of resources right now in society. To get the resources to do what you want, you have to stand out.
Money is how we transfer wealth. Money is social credits; it’s the ability to have credits and debits of other people’s time.
If I do my job right and create value for society, society says, “Oh, thank you. We owe you something in the future for the work that you did. Here’s a little IOU. Let’s call that money.”