🐺Naval Ravikant's 15 Secret Financial Lessons

Hey there!

Welcome to the WOLF Financial Newsletter.

If you want to join over 14,000 other investors who want to build wealth and learn advanced investing strategies live on Twitter Spaces, subscribe below:

I’m obsessed with how to reach financial freedom.

So, I spent 50+ hours studying how Naval Ravikant thinks about money.

Here are 15 of his principles that transformed my life (and will do the same for you):

Naval Ravikant is a renowned entrepreneur, investor, and thinker known for his profound insights on life, business, and personal growth.

Many of you may be familiar with his work through the book, The Almanack of Naval Ravikant by Eric Jorgenson.

Let's get into his teachings:

1. Getting rich isn't about hard work.

I was shocked when I first learned this. I used to think "The harder I work, the more money I'll make, right?"

Wrong.

Getting rich is about knowing what to do, who to do it with, and when to do it.

2. If you don’t own a piece of a business, you don’t have a path towards financial freedom.

You’re not going to get rich renting out your time.

You must own equity – a piece of a business – to gain your financial freedom.

Before we continue, a quick word from today’s sponsor:

We’re already well into Q2. It’s time to ditch the losers and add some new life to your investment portfolio.

SPRX is the perfect opportunity to upgrade your portfolio and take advantage of up and coming trends.

Their objective is to find under-the-radar opportunities in numerous categories including:

• Space Exploration

• Automation & Robotics

• Enterprise Digitalization

• Artificial Intelligence (AI)

• Photonics and Additive Manufacturing

• Environmental Focus and Decarbonization

SPRX is an actively managed ETF that seeks long-term capital growth and trades on the Nasdaq exchange.

One of the biggest reasons why I love Spear and their lineup of ETFs (SPRX specifically), is whether you have $100 million or just a few hundred, you can take advantage of the same high-end strategies that private hedge funds and wealthy investors use.

Click HERE to learn more about SPRX.

3. The goal is to maximize your wealth, not your income.

Your wealth is determined by how long you can survive financially without any new money coming in.

Income helps you pay the bills, but wealth is what allows you true financial freedom.

4. Seek wealth, not money or status.

True wealth is having assets that earn while you sleep.

Too many young people are concerned about "looking" wealthy, rather than actually "being" wealthy.

Status is a short-term game that everyone eventually loses.

5. You can’t beat someone who loves it more than you.

If you’re not 100% into it, someone else who is 100% into it will outperform you.

The key? Find something you love and are passionate about.

Don't force it, if you haven't found it yet, keep looking.

6. The three big life decisions.

There are basically three really big decisions you make in your early life.

• Where you live

• Who you’re with

• What you do

These three will determine your wealth more than anything else.

Choose wisely.

7. The older the problem, the older the solution.

Too often we want to make things more complex than they are.

We want to create this elaborate plan and system for solving the problem when really, the solution is simple.

Building wealth is simple, but it's not easy.

8. Happiness is a skill.

Happiness is not something you inherit, but a highly personal skill that can be learned, like fitness or nutrition.

Real happiness only comes as a side-effect of peace. Most of it is going to come from acceptance, not from changing your environment.

9. Pick one big desire in your life at any given time to give yourself purpose and motivation.

More than one leads to distraction.

As the old saying goes... "The person who chases two rabbits catches none."

10. Desire is a contract you make with yourself to be unhappy until you get what you want.

We all want better, nicer, faster things. But the more of these desires you have, the unhappier you'll be.

11. Your #1 priority = your health.

To have peace of mind, you have to have peace of body first.

Naval says, "What I did was decide my number one priority in life, above my happiness, above my family, above my work, is my own health."

Wealth has no meaning without health.

12. Set up systems, not goals.

Every year in December people set "goals" for the year. Most of these people never achieve them because they lack systems.

Building wealth is the same way. You need a system for what steps you're going to take to build wealth.

13. Value your time. It is all you have. It’s more important than your money.

Time is the only resource you can't go out and get more of.

Too often, by the time people realize they have enough money, they’ve lost their time and their health.

14. Figure out what you’re good at and start helping people with it.

Most people have a 6-figure skill inside of them.

They just don't know how to monetize it.

Look at what you're good at and start offering it to other people.

15. Happiness = Health + Wealth + Good Relationships

Money does buy happiness to a point.

By no means does it solve all of your problems, but with these three things, you're on your path to happiness.

At the end of the day, that's why the majority of people want wealth.

There you have it!

15 of Naval's principles that have changed the trajectory of my life and business.

If you enjoy this newsletter, here are some of my favorites I’d recommend you read each week: