How to build wealth in the new economy

One of my favorite book is the almanack of Naval Ravikant.

The book made me realize the true secret to wealth.

If you don't know Naval.

He's the founder of AngelList and a Silicon Valley investor.

He's also known for his philosophy and ideas.

The society told us the only to make money is to:

— Go to school

— Exchange our time for money.

— Work a job we hate

— Question nothing

— Obey the rules.

But this is not true.

It's a lie to keep people miserable and poor.

3 Things you need to get rich quick

1. Specific knowledge:

Specific knowledge is your ability to give the society what they want but don't know how to get it.

The society will be happy to pay if you can solve a problem with your Specific knowledge.

Specific knowledge can't be learned in school.

You can learn it from personal experience, trials, and errors.

To get specific knowledge

You must prioritize:

Self education.

Self improvement.

Self experimentation

2. Leverage:

Leverage is the secret of not using your time to make money.

Types of leverage

Money leverage — money work for you

people leverage — people work for you

code and media — bots and AI work for you.

Code and media is the best form of leverage.

Anyone with the internet can use code or media

The best thing is;

You don't need permission to start.

You don't need money to start.

You don't need a team to start.

All you need is the internet and an idea.

You can publish anything online and potentially attract millions of people to see it.

No more location barrier to get rich.

No more college degree is needed

No more investor capital required.

Leverage is the secret to get rich quick.

Use the internet to create and paid for the value you provide.

3. Accountability

To get rich in this attention economy.

You need to be trusted by people.

To build trust, you must show yourself.

You have to build your reputation in public.

Observe the new rich.

Like of Dan koe, Iman Ghazi, Hamza, and many others.

They all have one thing in common.

Personal brand on social media.

They provide value to people online.

Share their failures and wins.

Build authority for themselves.

I believe anyone who wants to get rich in this new economy should build a personal brand.

Social media is the new society.

Most people haven't realized this yet.

But you can take advantage of this.

Show who you are online.

Share your knowledge

Grow your audience.

And start Monetizing.

These 3 pillars are what you need to rich.

And thanks to Naval for the opportunity.

I hope you found this helpful.

And I'll talk to you soon.

PS: if you want to grow and monetize your audience in the next 30 days DM me “in”.

I'll help you monetize and grow, even with a small follower.