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#rusty media/rustydotacademy#

Why this video? Because money probably the most important part of you being able to “good” life,
whatever the hell good means for you.

After searching through the entire Internet trying to find the best pieces of information to help me
develop some good principles around money, I stumbled upon these gem.

Pods (Ranked)
[ How To Get Rich- Naval Ravikant ]()

Starting out with someone Twitter junkies might have guessed, Naval Ravikant.
The reason it is at number 1 is because of the wisdom density of this podcast.
For those who don’t know Naval Ravikant, he is an Indian-American entrepreneur and investor
who has made significant contributions to the tech industry.
Best known as the co-founder, chairman, and former CEO of AngelList, a platform for startups to
meet investors, candidates, and incubators.
Ravikant has also invested early-stage in over 200 companies including Uber, FourSquare,
Twitter, Wish.com, Posh-mark, Post-mates, Thumbtack, Notion, SnapLogic, Open-door,
~[ ]()~

Clubhouse, Stack Overflow, Bolt, OpenDNS, Yammer, and Clear-view AI, with over 70 total exits
and more than 10 Unicorn companies.
Back in 2018, Naval posted a Thread (multiple tweets together): How to Get Rich without
getting lucky. The thread went viral. He explained everything that it took for him to get rich.
~[ https://twitter.com/naval/status/1002103360646823936 ]()~

This podcast episode is just Naval explaining each and every word he wrote in that thread.
The 3+ hour long podcast is a gem… so much wisdom related to money condensed into a 3 hour
long podcast.
The podcast lays down the fundamental principles of making money.
What Naval discusses in the podcast
Seek wealth, not money or status.
Ignore people playing status games.
You will get rich by giving society what it wants but does not yet know how to get. At scale.
Pick business partners with high intelligence, energy, and, above all, integrity.

[ How to start a startup - Y Combinator ]()

 This one has to be the most underrated of all.
The only reason it is on 2nd rank is because of Naval’s ability to condense so much wisdom into a
video.
This one is a YouTube playlist from Stanford University named CS 183B. It is nearly 10 years old.
Let me tell you the names of the speakers and what they did in their life.
Speakers
Salm Altman, co-founder of OpenAI.
Dustin Moskovitz, co-founder of Facebook.
Paul Graham, co-founder of Y Combinator (a renowned startup accelerator and venture
capital firm).
Peter Thiel, co-founder of PayPal, Palantir, and early investor in Facebook.
Marc Andressen, co-founder of Netscape.
Brian Chesky, co-founder and CEO of Airbnb.
Patrick and John Collison, co-founders of Stripe.
Ben Silberman, co-Founder and CEO of Pinterest.
Reid Hoffman, co-founder of linkedIn.
Keith Rabois, former CEO at Square.
These ultra successful people break down the fundamental principles behind making money
through starting a startup.
Phew, after naming all these successful entrepreneurs and business… I do not know how else to
convince you to watch this 21 videos’ playlist.

[ 100 Business Lessons- Andrew Tate ]()

We all know who Andrew Tate is. And we all know how rich he is.
For context, his online “university” has 350,000 students who pay 50 usd a month to him to learn
to be rich.
This is 17.5 million dollars a month. That’s over 200 million dollars annually.
There’s got to be something this guy knows. And that’s just from his one group. He has 3 more
and other “businesses”.
Despite his controversial life and opinions, we cannot ignore the fact that he has gotten
immensely rich.
People might attribute some of his wealth to the cam girl studio he used to run (which i do not
have an opinion on yet) but you still have to acknowledge the fact that he actually knew how to
make money.
This is an almost 8 hour long video from his Hustler’s University course in which he lays down
100 business principles he used to make money.
~[ For example, these are some of the lessons that he shares. ]()~
** 1. Speed is important, nothing about your businesses can be slow. **

Work and react quickly. Everything needs to be done fast; and that doesn’t mean done
inexpensively or cheaply. It must be quick, inexpensively and of high quality.
Professional fighters learn to punch correctly, then more quickly. Punching more
quickly doesn’t mean degrading the quality of your punch. Keep the same quality of
your punch, and do it more quickly.
When an airplane’s engines fail, the airplane still flies forward due to forward
momentum. It doesn’t stop and fall out of the sky.
Don’t accept unrealistic, stupid timeframes. Everyone is slow, and being slow is deadly.
The longer it takes to get a business running, the less you make in the long-term.
Companies say in their job descriptions they “require” a university degree to get a trial
period at a company which may or may not lead to a job. But if you’re ‘willing to offer
them them to work for free for one week, and if they’re not happy with your
performance not to give you the job.
Having a lot of clients adds to your credibility and reputation, even if you’re ultimately
losing money.
** 2. A business is only money into your bank. That is all. **

Your business is not your logo, not your accountant, not your lawyer, not your office
space, copyright, etc. All of these things cost money and do not make money. You’ve
no money, you’ve no business. Cash is first.
You can eventually us your reputation and results to upsell current clients and increase
margins with new clients.
Expenses are problems. Money can fix those problems. Money in is a business. Money
out is a vanity.
Don’t spend money until you’re already making money.
What matters isn’t what you sell, but that it sells. If it sells, sell it and get rich.
Be passionate for profit.
You don’t need to know about things to sell things. You need to know about selling to
sell things.
3. Staff either make you money or save you time, or you don’t need them.
** **

Sales staff bring money in. Personal assistants can save you time.
Coming to work late and leaving early… Sick days… lunch, coffee and cigarette breaks,
browsing social media all cost YOU money. Inefficient staff waste a lot of your time
and money.
Evaluate staff productivity frequently and fire staff who no longer safe you time or
money. Especially if they don’t even cover their wage. Staff who are doing a great job
meeting targets need to work on meeting them more quickly.
 * “It took you 2 weeks. How can you do it in 1 week?” *

For time saved such as personal assistants, include how much money you could make
instead of doing those tasks yourself.
There’s always more work to do, especially for startups, and finding work to do adds
up. The more work a staff member gets done, the more valuable they become.
After watching this video, you’ll know why he does what he does.
In the video he has said “any attention is good attention as long as you know how to monetise it.
attention is free advertising” which also seems to justify why he says irrational stuff to stay in the
news all the time.
In short, this video is a must watch for anyone trying to learn about money and business. Street
smart guys are gonna love this one.

[ How to Get Rich- Aperture ]()

While this video might not be the blueprint to make money, this video is certainly going to blow
your mind.
You might have realised this by now that for you to make money, you must first at least
understand what money is or how it works.
This video, like all Aperture videos, will help you explain the complexity behind money and how
it works. Well, at least to some extent.
The video focuses on mental clarity, purpose, and taking risks to become rich and successful.
Insights from the video
Money is an illusion and storing wealth in currency is not the way to win the game of
financial freedom, as the value of fiat currency is being devalued each day, while assets
appreciate in value, but it's all a mirage and the gap between the rich and poor will continue
to grow wider unless we stop placing our financial success in the hands of those who are
destroying it.
What is man's greatest invention?" - Money may not be tangible like fire or the wheel, but it
has had a significant impact on society.
Before the invention of money, some people could never store their wealth due to the
perishable nature of their goods, making it difficult to remain wealthy all year long.
The barter system was replaced by the money trading system because it allowed for the
use of arbitrary objects as placeholders of value, making trade and transactions easier.

[ How They Keep You POOR! - Alex Hormozi ]()

Alex Hormozi is a first-generation Iranian-American entrepreneur, investor, and philanthropist

 who has recently popped-off on YouTube.
He is best known for founding acquisition.com and his no bullshit psychology behind making
~[ ]()~

money and closing deals.

Alex has founded companies that are worth well over $100 million.
Overall, Alex Hormozi is a successful entrepreneur, investor, and philanthropist who has achieved
significant success in scaling businesses and helping others succeed in their ventures
Insights from the podcast
The dog walker in Beverly Hills makes around $3k a day by solving the problem of busy dog
owners who have money to spend on their pets.
The key to making money is breaking down the primary actions that result in the output and
reverse engineering those actions to achieve your goals.
To build a successful business, think big and aim for a number as high as you can
mathematically fathom, then reverse engineer the steps needed to reach that goal.

[ The Ramsey Show- Dave Ramsey ]()

Dave Ramsey is best known for his expertise and teachings in personal finance and money
management.
He is a well-known financial author of ‘Baby Steps Millionaires: How Ordinary People Built
**

Extraordinary Wealth, and How You Can Too’ and radio host, and his primary focus is on
**

helping people get out of debt, build wealth, and achieve financial independence.
Some of his key principles and concepts include the "Baby Steps" method for achieving financial
goals, the importance of living within your means, creating and sticking to a budget, and
avoiding debt.
Ramsey's popular radio show, "The Dave Ramsey Show," has been on the air for many years and
has gained a large following.
He has also authored several best-selling books, including "The Total Money Makeover," which
outlines his step-by-step plan for achieving financial freedom.
Ramsey's straightforward and no-nonsense approach to money management has resonated with
millions of people seeking to improve their financial well-being.
Dave Ramseys plan isn’t the fastest, most efficient way to become wealthy but it’s a rock solid,
practically guaranteed way to succeed financially, and every single person can follow it.
These are his most popular rants
~[ https://www.youtube.com/watch?v=x9ueaxf75SU&t=185s&ab_channel=TheRamseyShow-
Highlights ]()~

~[ https://www.youtube.com/watch?v=7wjuCgtL0yA&ab_channel=TheRamseyShow-
Highlights ]()~
 ~[ https://www.youtube.com/watch?v=FdnhKJG6bYk&ab_channel=TheRamseyShow-
Highlights ]()~

~[ https://www.youtube.com/watch?v=XCT7Qbc9lRA&ab_channel=TheRamseyShow-
Highlights ]()~

[ Ray Dalio: Money, Power, and the Collapse of Empires | Lex Fridman Podcast ]()

Ray Dalio is a well-known American investor, hedge fund manager, and philanthropist.
He is worth over 19 billion dollars.
He is the founder of Bridgewater Associates, one of the world's largest and most successful
hedge funds, which manages more than 235 billion dollars.
Dalio is famous for his unique investment strategies and his approach to macroeconomic
analysis.
~[ This video is one of his most famous videos of all time which explains how the economy works in
a simple way. ]()~

Insights
The key idea of the video is that money and power have a complex relationship throughout
history, influenced by various factors, and understanding this relationship is crucial for
societal progress and stability.
Money and power have a symbiotic relationship throughout history, leading to a dynamic
struggle for power that evolves with societal changes, technological advancements, and the
rise and fall of empires, influenced by factors such as inventions, military power, currency,
competitiveness, work ethic, debt, wealth gaps, internal conflict, and external challenges.
The rising and declining empires are governed by a big cycle that includes the long-term
debt and capital market cycle, the internal order and disorder cycle, and the external order
and disorder cycle, which determine the internal and world order of the system.

BONUS EPISODES

[ How to get so rich you question the meaning of making money- Alex Hormozi ]()

Who Alex is is already discussed in above block. Tap here to jump to it.
~[ ]()~

In this video he talks about

Leverage is key to making money.
Improve skills and systems to increase leverage.
Focus on one business long-term.
 Improve existing business vs. new businesses.
Do the boring but important tasks.
Build a solid foundation first.
Say no to distractions.
Success requires years of focus.
Don't quit after a few months.

[ Joe Rogan Experience (1309) w/ Naval Ravikant

\ \ ]()

Starting off with someone Twitter junkies might have guesses, Naval Ravikant.
So it is safe to say that he is one heck of an investor.
But what used to go unnoticed about him (not anymore) is that he is a deep-thinker too.
His episode with Joe Rogan was an unconventional one. Joe Rogan thought he’s gonna be
discussing money with Naval. Instead what they discussed was the mindset that made Naval rich.
The nuggets of wisdom that helped Naval Ravikant achieve what he did.
They discuss work ethic, personal growth, peaking too early, the joy of learning new things, and
the importance of authenticity.
Naval Ravikant emphasises on the importance of creating timeless principles and adapting
oneself to make money by doing what they love.
They touched on the power of individual brands and the leverage that comes with having unique
skill sets and specific knowledge.

⠀Outro
Even if you watch just one video and ACTUALLY understand it, it will be enough for you.
I cannot promise you that you will get rich after this, but I hope this will help you bring some
clarity to your finances and how you look at money.