The Almanack of Naval Ravikant contains Naval’s philosophy on wealth and happiness. It’s a collection of his views distilled from interviews and tweets available as a free PDF.

Here are some parts that resonated with me:

On happiness:

  • Happiness is there when you remove the sense of something missing in your life.
  • The most important trick to being happy is to realize happiness is a skill you develop and a choice you make.
  • Desire is a contract that you make with yourself to be unhappy until you get what you want.
  • Every time you catch yourself desiring something, say “Is it so important to me I’ll be unhappy unless this goes my way?”
  • Happiness is being satisfied with what you have.
  • Happiness, love, and passion aren’t things you find, they’re choices you make.
  • Jealousy is such a poisonous emotion because, at the end of the day, you’re no better off with jealousy. You’re unhappier, and the person you’re jealous of is still successful or good-looking.
  • One day, I realized with all these people I was jealous of, I couldn’t just choose little aspects of their life. I couldn’t say I want his body, I want her money, I want his personality. You have to be that person. If you’re not willing to do a wholesale, 24/7/ 100 percent swap with who that person is, then there is no point in being jealous.
  • Working out every day made me happier.
  • Don’t spend your time making other people happy. Other people being happy is their problem. It’s not your problem.
  • If you don’t love yourself, who will?

On wealth:

  • All the returns in life, whether in wealth, relationships, or knowledge, come from compound interest.
  • There are basically three really big decisions you make in your early life: where you live, who you’re with, and what you do.
  • The best way to stay away from this constant love of money is to not upgrade your lifestyle as you make money.
  • If you can’t decide, the answer is no.