Naval Ravikant | Time Management

Naval explains how to manage your time by gaining it back! How? Use leverage, accountability and specific knowledge.
Enjoy!
(P.D. I'm not any of the speakers on the video)
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---- Source ----
• Naval: Periscope #2
-----New Update-------
- There is a mistake in the expression input/output. It should be: Output = Amount_of_leverage * Input
#Naval #Ravikant #Periscope #Time #Management
---- Notes ----
A great goal in life: To not have to be in a certain place at a certain time.
Be accountable for your output, not your input.
Shoot for independence, rather than a good pay.
We live in the age of leverage, and if you are a worker you want to be a leveraged as possible. You want big output, from a small imput (input = Amount_of_leverage * output ).
Leverage forms --- Labor, Capital, Code & Media. The latter (Code & Media) is permissionless.
To control your time (if you are a worker): Get into a leveraged job in which you can control your own time, and you are tracked on your outcomes. If you add value, they will have to pay you what you are worth.
You normally add value by using leverage, accountability and specific knowledge.
When they pay you what you are worth, you can have your time back. And then you can be hyper-efficient, and not worry about time management.
You ultimately want to be paid for your (leveraged) judgement. That's how you get to master your time. A small increase in better judgement & capabilities, with a high amount of leverage, can translate into huge outcomes (amplification effect).
Example: CEO's (in big companies) are so highly paid because they are extremely leveraged, and so a slightly better judgement can translate in billions of dollars.
How to develope the good judgement (in your art)? You have to absolutely love to do it. Nobody can compete in being you. So, PRODUCTIZE YOURSELF !

[@Ducky_logan]

“Being paid paid for judgement and not work.” Wow! Subscribed.

[@PickingNuggets]

Thanks!!

[@MusixPro4u]

You're laying out the dream for the high-openness, low-conscientiousness person.

[@jaden5843]

what does it mean to be low-conscientiousness and high-openness

[@MusixPro4u]

@@jaden5843 Look up the Big 5 personality trait model.

[@Mert-pd2ht]

Where is the full interview of this? What is this gem of a channel I came across

[@PickingNuggets]

Thank you! You can find it here: kzbin.info/www/bejne/gpnGf2Wsg9CXsJI&ab_channel=ClubhousePodcast

[@gronksteady]

Same. Great nugs.

[@AlicinChristensen]

Excellent channel

[@呀你可]

Time management: control your own time, optimise for independence; Leverage, output, judgment（coding/capital do the work, get paid for your judgment); get paid for actual work

[@maxim.design]

this is really a gold nugget, thank you for this!

[@PickingNuggets]

Thanks for watching :)

[@shivargvfilm1989]

I really like the part of notes u added at the end of video.... Loved it

[@PickingNuggets]

Thank you so much Eranna. I'm happy that it added value to you. Take care :)

[@elitechampion6502]

@@PickingNuggets notes at the end of video are your usp .keep on doing the great work

[@elchichi]

*output = amount_of_leverage x input not the other way around, but great video thanks!

[@PickingNuggets]

thank you!

[@arunpaul2301]

One of the best explanations I've heard. Ps. It will be good if you upgrade your mic.

[@DPMusicStudio]

The original video is an impromptu video made using Naval RaviKant’s smartphone. Plus it was made on Periscope.

[@fightmeushat]

Error at the end notes: output = input * leverage

[@PickingNuggets]

Thanks for the correction !

[@DocZee2024]

One suggestion I have is you need to start to exercising. Then people will become more interested in your valuable content

[@atulamresh9336]

Awesome!!!

[@LeveragedFinance]

Judgement pay: think balloon tower defense. You are the player telling where to put the tower, not the archer in the tower doing the "HARD WORK".

[@moviesynopsis001]

My problem with CEOs is I don't believe they add as much value as they take. Most CEO nowadays are told to maximise short term gains at the expense of long term growth.

[@PickingNuggets]

Thats the beginning of the decline to death for that company. Its "day 2", as Jeff Bezos says.

[@dhananjaykrishna2377]

This channel is a gold mine.... A small suggestion, kindly take care of the audio quality.

[@PickingNuggets]

Thank you so much for the kind words and the feedback!

[@satoshinakamoto7253]

read more

[@althafyoosuf7945]

Awesome

[@byrneoconner7461]

Whats your advice for person doing job crossed 33 yrs , had family responsibilities and still had a spark to do something but yes not much techie or coder which is best regarding taking time out everyday and which discipline to explore ?

[@PickingNuggets]

I'm just another fan of Naval, but I would consider something in which you can put your interests/passions. And that something should also have some sort of leverage by its own nature.--> If not code, you can always create a piece of media/content and put it out there in youtube, twitter... And with some patience there may be a fit btw your product and an audience! (there is leverage in media creation because the marginal cost for consumption is 0. Just like Code). Hope it helps!

[@narutouzumaki3548]

Can someone please explain the context in which he is using the word leverage with an example?

[@PickingNuggets]

He argues there are 4 kinds of leverage: Labor, Capital, Code and Media. Example with Labor --> You can have a bigger impact by having more people working for you.

[@narutouzumaki3548]

@@PickingNuggets thank you 🙏

[@stipkee]

Complete interview?

[@PickingNuggets]

kzbin.info/www/bejne/hnaqhZmOo8yIjck&ab_channel=BrainOnFire There you go!

[@stipkee]

@@PickingNuggets thanks

[@atharvpatil3106]

are you there on spotify??

[@k.butler8740]

Everyone should aspire to get paid for their judgement? What's the difference between that and classification? İ don't want to judge images to see if there is indeed a cat or dog in that image as the Aİ says, for one.

[@bossgd100]

Its more about décision making than classification

[@somrajdutta8366]

Gem of a channel this should be flooded with views. But then most of the world is on Facebook or Porn hub. My chance to dominate.Yaay

[@sombh1971]

Trouble with all this is you can afford to be you and get away with it only if you're as talented, authentic and leveraged as people like Naval or the vastly underrated Kapil Gupta. Most people are not like them, and all this is inapplicable for them. Most people don't have the right DNA that Kapil talks about and by his own admission, it can't be cultivated. So then, what are they to do? I don't think anyone has an answer. So people like Naval and Kapil should really be brainstorming to figure a way out for the hoi polloi. Absent which, they'll be left floundering and flailing as they always have been. It doesn't serve anyone to say that there is no prescribed path to truth, that the ones who get it get it organically, in that case what is everyone else going to do? Sucking sore thumbs? I don't profess to know the answer, but the very tenet that prescriptions of any form are complete anathema for the striving for truth is maybe flawed. There ought to be some sort of guardrails for the masses to navigate their way through life which can be genuinely useful for most people are indeed looking for direction notwithstanding the fact that in fact for true legendary greatness there may not be any. But everyone need not become legendary, they just need a pathway through the intricate maze that is life, and some basic ground rules upon which they can build their own operational worldview. I don't profess to know what they could be but they ought to be collectively brainstormed. That's aaall, your honor.

[@areez22]

I believe Objectivism is at least mostly correct. It is the philosophy of Ayn Rand.

[@sp123]

Naval, Cal Newport, Tim Ferris, etc. are focused on how people in the ideal situation (talented, went to good schools, work hard). Their fans fail to see this because they all think they can become like Naval if they work hard enough. There isn't a solution to this, except putting your children (direct relatives or neice, nephew, etc) in the best position to succeed. People like Naval didn't choose to be successful as much as their parents put them in a position to be successful. Naval's parents gave him the skill to pass the test to get into Stuyvesant which Naval admitted himself "saved" his life. If he didn't get into Stuyvesant, he acknowledged that he would not have made it into an Ivy League college and would not have went into tech.

[@samwstout]

When was this livestream?

[@PickingNuggets]

End of 2018

[@Martinit0]

Investors are purely "paid" for their judgement.

[@hardinzepaint1002]

5:30

[@moheuddin_sehab]

❤❤p

[@massiveknowledge877]

Edit end quote.

[@PickingNuggets]

Hello! I edited it on the description

[@massiveknowledge877]

@@PickingNuggets thanks for reply!

[@rehaahuja216]

poor voice quality , couldnt hear a thing