Naval Ravikant - This is How All the NEW FORTUNES are Made [w/ MrBeast]

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★ Sources:
- Source 1 - • Product and Media Are ...
- Source 2 - • How MrBeast Spends $20...
- Source 3 - They Joe Rogan's Podcast on Spotify
- Intro
Have you ever wonder how is it that nowadays there are so many super young people that are so wealthy? (on their own merit). Well, I picked some insights from Naval Ravikant's Podcast and a few interviews of Jimmy (Mr Beast) Donaldson (biggest KZbinr in the world) to fundamentally understand this relatively recent phenomenon.
Below you will find all my notes, reflections and quotes that I took while studying all this content...
🧠 Quotes
"Fortunes require leverage. Business leverage comes from capital, people, and products with no marginal cost of replication (code and media). Apply specific knowledge with leverage and eventually, you will get what you deserve." - Naval Ravikant
"The most valuable thing you can build is an audience"
- Alex Hormozi (founder Acquisition.com)
👨 Speakers
- Naval Ravikant @NavalR
Naval is an entrepreneur and angel investor, a co-author of Venture Hacks, and a co-maintainer of AngelList. I have learnt so much from his deep wisdom about many wide-ranging topics, from meditation and inner freedom to web 3.0 and crypto. I'm grateful for his willingness to share his insights, and inspire me to become a wiser / happier person.
- Jimmy @MrBeast Donaldson
Jimmy (Mr Beast) Donaldson runs several KZbin Channels, a delivery fast food restaurant (Mr Beast Burger) and two philantropic projects: Beast Philantropy and Team Trees. His brand is valued in the Billions of dollars.
📝 Notes
Chapter 1: Naval Ravikant
"Fortunes require leverage. Business leverage comes from capital, people, and products with no marginal cost of replication (code and media). "
Leverage - Is a force multiplier for your input work. It creates a non-linear relationship between the -time effort and quality of your work AND - the outcomes of your work-.
Let's first look at the old forms of Leverage (where all the fortunes were made in the past):
1) Labor Leverage.
2) Capital Leverage
Core Idea: "Products that has no marginal cost of replication"
- The new form of Leverage....
(more on my article!)
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-------- Time Codes ----------
0:00 - Naval Ravikant: How the New Fortunes are Built
5:05 - Jimmy (MrBeast) Donaldson: How to Build a Billion Dollar Empire in less than 10 years...
13:40 - Reflections & More
▼▼▼ ▼ ▼ ▼
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 :)

[@PickingNuggets]

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[@officialmattbell]

Whoever runs the channel, big THANK YOU. You save us a lot of time by supplying us with the best parts of interviews.. Really appreciate you!

[@PickingNuggets]

Thank you very much Matt :)

[@AZANlA]

@@PickingNuggets yeah bro keep it up❤

[@ritchiewlc]

super cool way to re-present naval's content ;) well done mate!

[@PickingNuggets]

Thank You Ritchie !!

[@SquidShield]

I can't believe this channel is free. Thank you, Mr. Nuggets!

[@PickingNuggets]

Hahah thank you Isaiah!

[@aldorodriguez7310]

Fantastic! Thanks for putting this together.

[@PickingNuggets]

My pleasure !

[@StonedApe420]

Fantastic Insights, thank you.

[@PickingNuggets]

Thank You :)

[@desaivivek1]

Super content man! great stuff! thanks so much!!

[@PickingNuggets]

Glad you liked it !!

[@chintandatt7444]

TY for posting!

[@PickingNuggets]

My pleasure :)

[@illectricsheep]

Excellent. I loved the insights. Thank you!

[@PickingNuggets]

Thank youu :)

[@jarryingnaut]

You are doing god's work man. Love your content

[@PickingNuggets]

thank you !!

[@tupacsoulja]

Q good sir…how do you battle copyright strikes ??

[@Animation_Recap_]

great work bro give on going you are doing a great work 😊

[@PickingNuggets]

Thank you !

[@subhanuchamaka9873]

thanks!

[@PickingNuggets]

welcome :)

[@kyrillzlobenko938]

Thanks!

[@PickingNuggets]

Thanks for the support Kyrill !

[@Richby31]

Thanks for the brilliant video

[@PickingNuggets]

Thank you :)

[@scotthyperformance1]

Great video - thank you 🤝

[@PickingNuggets]

Thank you !

[@ShawnSharma]

Such a good video. Billions in game.

[@PickingNuggets]

Thank You Shawn :)

[@yvonnehyatt8353]

Innovation and creative : business , like the best in all areas of issues-so the planet and human will be here in fifty years.another is furniture that save save space.

[@siddharth.keshri]

Awesome

[@meow0036]

Your channel is future,

[@YouTubeIsEnough]

Hey bro, is your channel allowed to be in YPP? I want to know, trying something similar. Response appreciated.

[@PickingNuggets]

Hi! Yes it is!

[@YouTubeIsEnough]

@@PickingNuggets Thank you sir. #Respect

[@katielowen]

“Code based leverage” = very easy to steal 🥰

[@audiodead7302]

Great video with some profound messages. You can't get rich by renting out your time. So true.

[@PickingNuggets]

Thank You !

[@El_Diablo_12]

8:00 To get media leverage, create media products that people can’t find anywhere else

[@PickingNuggets]

Agree !

[@El_Diablo_12]

@@PickingNuggets Love you Nuggets, keep up the great work

[@PickingNuggets]

@@El_Diablo_12 will do! Thank you :)

[@AriKath]

Amazing channel idea!

[@PickingNuggets]

Thank you Ari !!

[@Marine40]

MY GREATEST CONCERN IS HOW TO RECOVER FROM ALL THIS ECONOMIC AND GLOBAL INFLATION AND STAY AFLOAT, ESPECIALLY WITH THE POLITICAL POWER TUSSLE GOING ON IN THE US 🇺🇸.

[@sonofrose790]

As with any big financial decision, it's important to keep your guard up for economic risks. However, smart planning, time management, and seeking advice from a financial adviser can help keep you and your money safe.

[@GC-mb2cd]

good stuff

[@PickingNuggets]

Thanks !

[@nobody983]

Neither code nor filming videos makes you rich. Only those who are good entertainers are going to get a lot of following. Basically it is forcing everybody to become an entertainer. The only caveat is that not everything in life is entertainment. What value really these podcasters provide, there might be some who may contribute in terms of technical knowledge but most are just talking rubbish. They are making money because most people are mind numb bots who want non-stop entertainment.

[@scotthyperformance1]

Being a online entertainer who gives quick dopamine hits (prank vids, funny jokes etc) is extremely hard to monetise - because quick dopamine hits on the internet are everywhere. HOWEVER, being an online figure who educates, and passes on valuable information to an audience is a much more lucrative, more positive way to make a lot of money. Give genuinely good information that positively impacts peoples lives, and the money will flow to you. P.S. If you can educate WHILE also being entertaining, that’s the jackpot.

[@tomh2425]

You are not wrong, however from my perspective this channel's purpose is not entertainment but to deliver value and beeing entertaining at the same time keeps people watching and coming back. You have to filter value from noise and clickbaites. Then you can find true value and follow it by beeing a good example for others in sharing value and things you learned in a genuine way :)

[@XTen1000DaysX]

You don't have to entertain there Is a lot behind all that which happens lol. A lot of tech and stuff which supports every day businesses and life that can make you rich.

[@danielbionupem]

If you have a lot of mind numb bots that want non stop entertainment than you should have entertainment aspect in your business

[@realman6629]

😂😂

[@Thr3_dot]

Subscribed I rarely comment but good job

[@PickingNuggets]

Thank you !

[@Navsingh1984]

💪🏽

[@Sasalektio]

How Capital is a levarage is a little unclear, can anyone explain please?

[@boratezel]

You can use capital to get more capital eg loans, bulk discounts etc

[@PickingNuggets]

I scribbled some notes about this. Hope it helps: There are 2 people making the same investing return per year: 20%. But one person invests only 1k$, whereas the other person invests 1m$. They might be equally good investors (as they are both able to achieve a solid 20% return on their investment), but the amount of money they earn is quite different: the person with the 1k$ will make 200$ of profit, whereas the person with the 1m$ will make 200k$. This difference comes from differences in Capital Leverage. The more money/capital you have to invest, the more (capital) leverage you have and thus more money you can make (or lose -- which is why good judgement is critical when you have high leverage). Besides, if the person who made the 200k$ reinvests it back (total investment = 1.2m$) and makes again a 20% return, now he will make 240k$. Whereas if the person who made the 200$ reinvests it back (total investment = 1.2k$) and makes again a 20% return, he will just make 240$. This is why the rich (people highly leveraged with capital) get richer. The more capital leverage you have, the more money you can gain, and the more money you gain the more capital leverage you get. So it's sort of a "virtuous cycle" (or vicious, depending how you view it) in which capital leverage compounds, which makes the rich to get exponentially richer (because they are already in that part of the exponential curve that "takes off" in capital returns -- at the right end) and the "poor" to stay relatively poor (they are in that part of the curve that looks like nothing happens -- at the left end).

[@Laotzu.Goldbug]

Which podcast / interview is this originally from?

[@sp123]

I'm assuming this is from a Navikant podcast and a Joe Rogan podcasts

[@HimanshuArora7111]

Naval Podcast : How to get rich

[@navedrizv]

You have picked up content from other videos and combined it with your creativity. For all the New KZbinrs out here, this is another legal way of creating videos. I guess you should be able to monetize it

[@PickingNuggets]

For sure! You should be good as long as it qualifies as fair use

[@denoffitness3379]

❤

[@runefinal]

based channel

[@HariNair108]

Without Capital there is no returns. Even for the products whic you mentioned here required capital.

[@PickingNuggets]

Yes you still need the laptop. But its pretty accessible capital wise

[@particleconfig.8935]

''so I can give it to my mom to listen to.. '' LOL I shit my pants

[@rationaloptimist5747]

What MrBeast said(analysing for 1000 days) is quite common. Most wealthy have undergone a phase where they only deep focused on what they wanted to achive. That being said, they left out all other stuff that was less important.

[@rationaloptimist5747]

You need to have priorities

[@vimalcurio]

Exactly. Musk did the same so Steve did.

[@avono5330]

It’s called “deep work”

[@rihosims]

Coding needs still huge amounts of capital. why are you forgetting all the VC money all the startups got injected with. Coders don't come cheap these days and servers neither if you scale up.

[@deepakprajapati4167]

Hey if you want to build or start coding related business I can help you with coding related work

[@trixylynn8759]

​@@deepakprajapati4167 link to see your portfolio?

[@cw1859]

1:54 exactly what Elon is doing with twitter rn

[@aldorodriguez7310]

🎉🎉🎉🎉🎉

[@SirDrey-lw9si]

How can I become articulate guys ?

[@UNOwen-nn6ui]

If you are serious about this then join uberboyos group and ask about this specific problem.

[@SirDrey-lw9si]

@@UNOwen-nn6ui what social media platform will I find the said person

[@r-type4945]

Read and write. Focus on strong and precise expression

[@UNOwen-nn6ui]

@@SirDrey-lw9si yt

[@SirDrey-lw9si]

@@r-type4945 thanks 🙏

[@ALSPEHEIR]

Kind of funny hearing about coding making you rich when mate among others are firing everybody they can.

[@timvu2567]

Thank you for the awesome content

[@PickingNuggets]

Thank you very much :)

[@chasethrillzdafantac]

Jeez naval u know a lot about media and digital worlds. Thank you for sharing mindpower If anyone was into mixing or websites I would love to be of use for free 🩳👖🪒🎿