Naval Ravikant - The 4 BIGGEST TRAPS in Life that You NEED to GET OUT [w/ Charlie Munger]

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I share 23 powerful Nuggets from top Influential Doers (in their own words), with added 🎆 visuals (to make it super easy to understand) and my own 💭 reflections.
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★ Sources:
► • Joe Rogan Experience #...
► • Escape Competition Thr...
🧠 Quotes (my favorite)
“The three most harmful addictions are heroin, carbohydrates, and a monthly salary.” - Nassim Taleb
“It is not greed that drives the world, but envy.” - Warren Buffett
"People who live far below their means enjoy a freedom that people busy upgrading their lifestyles can’t fathom." - Naval Ravikant
"Competition is for Losers" - Peter Thiel
🐨 The Traps:
1) Working for (Material) Things as Rewards
2) "That's easy for you to say" Mindset
3) The Victim Mentality
4) The Competition Trap
🎶 Music Credits
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-------- Time Codes ----------
0:00 - TRAP 1 -- Working for Material Things as Rewards
1:32 - TRAP 2 -- The "that's easy for you to say" mindset
3:20 - TRAP 3 -- The Victim Mentality
5:08 - TRAP 4 -- The Competition Trap
6:18 - Naval and Joe on Freedom & Retirement
7:44 - Charlie Munger on the Victim Mentality
9:28 - Reflections & More
*****
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I do not own the audio source/s used to create this video. If any of the owners want their content taken down please contact me via the email in the About section of my channel.
All works of commentary, reviewing, video editing and (many times) the mixing of different content sources do come from this channel's creativity. Thus, I believe there is a "transformation of value" from any particular raw audio source. This value transformation and, given the non-fictional / educational nature of the audio source contents, makes it a stronger case for "fair use" right. Also, I believe this video is supportive to the owners of the audio source contents, as it helps to spread their invaluable message in a positive way. But in any case, as mentioned in the previous paragraph, if any owner do not want their content to be featured in this video, please contact me :)

[@mikefatah]

“Your real résumé is just a cataloguing of all your sufferings” -Naval

[@BogalaSawundiris]

Naval Ravikant had a younger brother called Airborne Ravikant

[@adammorra3813]

​@BogalaSawundiris where can I find his work???

[@jmm1817]

Life is a single player game. It's all going on in your head. It is your mind that creates the world. So good

[@rythmicwarrior]

Bernardo Kastrup says, it's not your mind that it's all going on in, but the mind of God and you are a dissociated identity of God.

[@BogattiDontSleep]

The all is mind, everything is mental

[@andrepastor4844]

Wise words my friend

[@filmawayvlad]

Indeed

[@usbsol]

So you only have friends in your head?

[@Theone-ou2xt]

Good content, reading/listening naval makes me want to do his meditation practice, I already have my own practice, but he seems so much more wisdom person.

[@astreakaito5625]

holy wtf one video that solves all the issues I've been facing for months, thank you so much and subbed Just need to walk the path now.

[@PickingNuggets]

Thank you! All the best Astrea :)

[@pfuhad3760]

I come back to this channel to rewatch videos that I watch . I so grateful that you created this channel .

[@PickingNuggets]

Really appreciated that! Thank you Fuhad :)

[@sunflowersandbluewaters]

This channel is very smart. Kudos to channel owners. Your making story’s from great speakers and turning it into a format that is thought provoking … subscribed

[@PickingNuggets]

Thank you so much !!

[@believeurhappy4410]

I like this Naval guy. Great advice ❤️

[@XanderWills]

Navil is such an isnpriation to me! I implement so much of his advice into my personal life as well as the content I create. Happiness is peace in motion.

[@AndreyRubtsovRU]

Isnipriation 😂

[@Contrarian_Freethinker]

The best advice out there ❤️❤️

[@udnikar]

This is excellent .. can hear this on a loop ! Thanks

[@PickingNuggets]

Glad you liked it :)

[@yashdhansare314]

pure gold....thanks a lot for this video...

[@PickingNuggets]

Thank you Yash ❣️

[@ankit19jha]

Thanks for compiling this list

[@PickingNuggets]

My pleasure!

[@paulaclivatiprado5271]

perfection!!! great video!

[@PickingNuggets]

Gracias Paula :)

[@sobeit712]

The idea of everyone should be able to do what he or she loves for a living is a trap in itself. There are things in this world that nobody would enjoy doing but had to be done, and most of these things are essential for the society to function. Think about this for a moment, then the real truth about life starts to unfold.

[@gopaldangar1050]

Agree. But if someone tries to get out of that then it is totally possible. And now a person with no desire and no efforts/hardwork to change his life will be stuck in that job. So at the end, there still will be plenty of people remaining to do those jobs that you are talking about.

[@nhinja]

"There are things in this world that nobody would enjoy doing but had to be done." Is this actually true? We can't possibly know what the preference of each human in the world can we? And these essential things you speak of... are they truly necessary? If we didn't have garbage collectors, maybe we would be more mindful of our things as a society and hence wouldn't "need" garbage collectors. The "real truth of life" is that it is just a series of problems. How will I shelter, feed, water myself and my family? As we satisfy these basic needs, then we need to figure out what to do with our excrement. Urine actually makes a great fertilizer so water the garden with it. Feces is also good as fertilizer so chuck it in the compost pile. But no, society decided it's better to use our water supply to transport it to sewage facilities to be "taken care of." This is because historically we are conditioned to pass on our shit for other people to deal with. That's where the problem solvers come in. The farmers, skilled trades, and engineers to name a few. The ones I know love what they do. Now imagine a world where every one is a problem solver.

[@joshuafisher4241]

Who is to say those things nobody enjoys doing but have to be done can't be automated in the not-too-distant future?

[@sp123]

@@joshuafisher4241 because conservatives can't afford automated technology, they would rather lobby the government to let them keep low paid labor slaves

[@gnir81]

@@nhinja this is an utterly ridiculous argument. I could blow so many holes in it that you would forget you even had an argument.

[@Showmetheevidence-]

Naval is actually so incredibly wise. Some REAL good advice here!

[@ze_german2921]

The trick is to work for things that appreciate in value, like land and value and not depreciate like and don’t ever put yourself in a position where one layoff will cause you bankruptcy, and to lose everything

[@neverunderestimatemybeing]

Subscribed as soon as I realized how you were using imagery and text to breakdown this amazing advice. This is different

[@PickingNuggets]

thank you !!

[@tagberli]

I'm so glad you decided to start this channel it is truly a gem.

[@PickingNuggets]

thank you so much :)

[@pouetpouetdaddy5]

I'm 50 years old, no material possesion, except furniture, nice one, in my apartment...but I saw a lot of place in the world ( all Europe, some USA, South America, some Asian country)... I have no debt at all, lot of money for retirement, and some fuck you money...and I seem more relax than most people at my job

[@sauravbasu8805]

How did you do that ? Did you inherit the money or make it yourself ? Which job are you in ? These are genuine questions, I am curious to know. Please reply, as the answers might help me.

[@MarcellaFlorez-np5wc]

That’s amazing. ❤

[@johnroy7784]

Thank you! Enjoyed this video

[@PickingNuggets]

Thanks for watching :)

[@ankushkurmi3741]

Thanks a lot for arranging all this content

[@PickingNuggets]

My pleasure :)

[@mitchrapp5214]

Naval drops so many gems

[@selvanRathinasamy]

Very happy to listen to you.Thanks for the videos and the time you put on to make them

[@PickingNuggets]

Glad you like them!

[@lucien137]

thank you for sharing 👍

[@PickingNuggets]

thanks for watching :)

[@davidsmith6028]

Great video, thanks for taking the time to do these!

[@PickingNuggets]

My pleasure!

[@blateco]

Just came across your content. Exactly what we’ve been looking for. Thank you!

[@PickingNuggets]

Glad you like it :)

[@vivekvardhan9951]

This is a great channel. A rare gem on youtube

[@PickingNuggets]

Thank you so much 🙏

[@123foxery]

This channel is so good

[@PickingNuggets]

thank youu ❣️

[@rosemarieramsingh8749]

Wowwwww. So so good.❤❤

[@PickingNuggets]

Thank you Rosemarie !!

[@ricardoabp]

I'm very glad I've discovered you channel. Keep up the good work!

[@PickingNuggets]

Thank you so much Ricardo!

[@peterbarwell8358]

Well picked

[@PickingNuggets]

thanks!

[@AfzalHussein]

Great summaries. Thanks!

[@PickingNuggets]

Thank you Afzal :)

[@BRAINWHISPERER]

Working for things trap....like that phrase Will use that next release limited money belief video

[@ShibaniSur]

Love your channel 🤍

[@froufou100]

excellent video and I appreciate the small chunk size and summary of important people's thoughts - Merry Christmas to you xx

[@PickingNuggets]

thank you! Glad you liked it :)

[@iannazareth7152]

Great content! Thanks!

[@PickingNuggets]

Thank you Ian :)

[@barnyardbrio7597]

wow. so true

[@harrisregi2423]

I am getting addicted to videos of this channel

[@PickingNuggets]

Happy you do 😛

[@symingtonsrenevasan8806]

Seek the truth and truth will set you free.

[@rohan3984]

It is always a pleasure to consume your content

[@PickingNuggets]

Thanks for watching :)

[@barnyardbrio7597]

holy shit. I LOVE smart people!

[@personalfinanceabundance]

Great insights.

[@PickingNuggets]

Thank you :)

[@jaybanthony]

All I want is Freedom!

[@xtra_612]

This channel is unique, no wonder it became popular.

[@PickingNuggets]

Thanks so much ❣️

[@johnanderson3731]

Thanks

[@PickingNuggets]

Thank you John! Highly appreciate it :)

[@thomcarr7021]

I was a friend of a kid growing up that lived in a moderate home like us. His father went on to invent the first ATM machines and software. He became one of the first billionaires in the US. At Christmas, he gave his son $1,000 each year and that was it. He said "Free money is poison". You see that with lotto winners.

[@PickingNuggets]

Thanks for sharing!!

[@Neo08CA]

Thank you so much for making this video. I have been watching your videos lately, and I can't thank you enough. Please keep doing what you are doing.

[@PickingNuggets]

Thank you so much Neo! I really appreciate it :)

[@tijlvandercruijsen2607]

Great Video! keep it up very much appreciated!

[@PickingNuggets]

thank you !!

[@Saurabh.Nikhade]

40 hours work week and 5 days working would be in usa and Europe , in india rule is 52 hours working week and 6 days working.

[@premchettri7170]

I think the biggest trap of life is confirming to societal norms ( specially before you know , if its even true ). like marriage / dating... wishful thinking ... more people have lost their productive life doing these than actual meaningful work !

[@yokoso2386]

1. working for thing as reward is a trap that people fall into the interesting thing that you have done is it is all go to be around the sarcrifesthat you've made and hard thibgs that you did

[@youyoua988]

I mean food is kinda necessary don’t you think?! A 40 hour week in America still leaves you deciding between food or rent. You definitely pay rent but you should probably skip a meal or too.

[@sidesplitters]

Thank you. This is a fantastic video that really helped me.

[@PickingNuggets]

Im glad it helped you :)

[@totlenmoingaycungban]

I live your content so much. The great lessons from the giant with your notes.

[@PickingNuggets]

Thank you !!

[@kingmo565]

This is still coming from a guy whose tagline on twitter up until recently was "I block miserable people". Follows no one and exhibits clearly narcissistic traits (which anyone that truly knows this guy knows what a narcissist he is). But at least the advice given here is good even though he is a toxic person.

[@silentperson233]

meh

[@bArda26]

Another great video!

[@PickingNuggets]

Thank you :)

[@Thatone_Dude21]

Dam good

[@PickingNuggets]

Thanks !

[@trestenspruell1214]

Anytime I see the name “Charlie Munger”, I’m in!

[@chadelles2586]

The dudes a legend!

[@gsadventures678]

Glad I came across this little nugget.

[@nikosniko7092]

What did Naval call a salary? A slow drip of?

[@mpetrison3799]

"I block miserable people." Sounds like a real humanitarian. 🙄

[@stoicismcore]

What software program does this channel use for creating this kind of lecture style videos? I am impressed.

[@PickingNuggets]

Thanks for that! It's all Canva and Imovie :) (now I switched to FCP)

[@jihyelee7140]

Thank you~

[@PickingNuggets]

welcome :)

[@pkgo98]

I love that podcast

[@chiefofnuggets]

Bro what do you use to take notes?

[@PickingNuggets]

Google Keep! And then i use Canva

[@mishmohd]

JoRo is awesome

[@mithunmohan5019]

Great video

[@PickingNuggets]

thank you !

[@capitalconcept6848]

Well put. What do you think when an entire system is design to work against you, eg. Nigerian system

[@fallen1805]

Working towards fixing my motorcycle as a reward instead of selling it and saving is a great idea Whoever disagrees obviously doesn’t own a motorcycle !

[@FM-yg2et]

A lot of interesting philosophy for setting your sights higher. But I can never respect someone who says "working for material goods is a trap" in this way because it's literally the thing we're required to do. It's not like you decided to be materialistic. The masters of this world tried to predestine your life that way. The context is required, and that context is that it's usually the people who benefit from your conditioning who are calling you stupid for being conditioned.

[@UserUnknown-ky7zl]

6:51 amor fati 10:05

[@DonatasPetrus]

Some weeks (this one) feel like every waking moment is means to end. It is unavoidable this week, truthfully. This video helped bring me back to center, thank you.

[@PickingNuggets]

Glad it was helpful :)

[@lorenzomizushal3980]

Survivorship bias and all that

[@alphabeta8403]

6:00 *1. Solve your money problems.*

[@TheDrIanGregory]

Too much fluff. What are the four things?

[@Xxxxxrrr6464]

👍

[@PickingNuggets]

🎆 Did you enjoy the Slides (visuals)? Get them ALL here - pickingnuggets.gumroad.com/l/Slides_Episode_4 It comes in a nice PDF for digital consumption, and also in a (high-quality) Printable format so that you can have your favorite slide/s always present with you! "You become that which you are most consistently exposed to" - Kapil Gupta

[@kyleadjackson]

Nas - King's Disease

[@Libturd]

Remember yall, these mindsets don't happen over night. You built your thought habits for 20+ years. Old habits die hard. These take real effort to adapt.

[@steelyburt]

What people want is to have sex. Thats the entire motivation for status and/or status symbols, like fancy watches and cars.

[@sijigs]

Lol how about security?

[@anthonyemmm]

I’m trapped

[@filmawayvlad]

I’ve been to Jamaica, Queens - that’s where JFK is, right?

[@filmawayvlad]

If you have a job, in the 1st job. Nassim may keep his ideas

[@randolphpinkle4482]

I'd say a greater trap is the self-delusion trap. A cocktail of fantasy and wishful thinking that stops people from appreciating how wonderful reality can be.

[@PickingNuggets]

100% agree!

[@sulaimankhan8033]

Well ! No wonder Joe Rogan also gets irritated by a dull life & he keeps busy by making deep conversations

[@TomerBenDavid]

While it makes sense my main issue is that all these kapil, charlie and more are genius so maybe thats the differentiator they started from nkthing but they are also the minority genius...

[@foxmercuryearthylog120]

Charlie Munger sure does sound like Joe Rogan.

[@Shivavishnubrahma]

All he does give quotes from other people

[@tigreytigrey8537]

Lol naval confidently misquoted taleb.

[@TheMarmite09]

He says things without saying anything

[@maroangel8525]

you can think "I am who I am" "This world is mine but be careful if you do everything your way, everyone will leave you. try to make your happy world without any harm" "I can do it because I can do it's just matter of time" "my mind is mine, your mind is yours" so, let it be, don't mind other's mind. live your life in 1st person omniscient point of view. I mean live "your" life or "make" your life.

[@VannakKann]

Let’s be honest, luck play a big part.

[@renoesmaeilian9489]

%100

[@pbabs3389]

Luck is when preparation meets opportunity

[@HUgdJHf64]

Reality distortion

[@talhajahangir911]

How do you make these animations? Any software?

[@PickingNuggets]

Hi! I use Canva and Imovie!

[@BogalaSawundiris]

Naval Ravikant had a younger brother called Airborne Ravikant. Both of them had an elder brother called Ground Ravikant

[@codemonk1999]

Lol.. it's a new phenomenon I guess, everyone wants to be productivity guru, life guru, know it all. Is it like "keeping up with Jay"? Wish it was so easy to get out of the issues and live your own life (may be a victim mentality, I don't know).

[@oomar3450]

Other countries have no issues educating their citizens...??? WTF!!!

[@tomeryaha6151]

Point 2 is valid point, because of the survivorship bias. It wonderfull you succeded, but the 99% of your background didnt

[@BRuas9080]

That's why I decided at 18 that I would never earn a salary in my life. And I would never wear a wristwatch either. 65 here and a few million in the bank account

[@tomeryaha6151]

point 1 is kind of hypocrate. Why did he invast in the first place if not for metirial reward? Does he live below his wealth?

[@likhithmanjunatha9934]

Freedom, security and options? Read his book.