How to get rich WITHOUT getting lucky 👀 #careergoals #careeradvice #motivation #business #securethebag #naval

how to get rich without getting lucky. There's a famous investor in Silicon Valley, Naval, which sounds like a Mortal Kombat character, doesn't it? Shanksoon versus Naval. Finish him, and he wrote an article that went viral called "How to get rich without getting lucky." Here's the best part. He said, "People seem to think you can create wealth through work, and it's probably not going to work." The most basic reason is that your inputs are tied to your outputs. In almost any salary job, even one that's paying a lot per hour, like a lawyer or doctor, you're still putting in hours, and every hour you get paid. What that means is when you're sleeping, you're not earning. When you're retired, you're not earning. When you're on vacation, you're not earning. You can't earn non-linearly. Even if you look at doctors who get rich, like really rich, it's because they open a business. They open a private practice, or they build some kind of medical device, or procedure, or process with an intellectual property. Essentially, you're working for somebody else, so they're just not going to pay you enough. They're going to pay you the bare minimum they have to, and that can be a high bare minimum, but it's still not going to be true wealth. How does this apply to senior leaders? Equity, equity, equity. If you're early in your career, you might want to choose cash over equity and score a few wins, and that's fine. But if your goal is to get rich, you eventually have to find a business you believe in and bet on the equity. Next week, I'll be doing an entire series on exactly how to negotiate equity like a pro. So hit follow and don't miss it. Till then, bye-bye.