Consumer Surplus: Getting More Than You Paid For

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Consumer Surplus: Getting More Than You Paid For

FromNaval

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1 minute

Released:

Jul 25, 2019

Format:

Podcast episode

Description

A lot of people are willing to pay more than what companies charge. • Consumer surplus is the extra value you get when you pay less than you were willing 0:00 Transcript: http://nav.al/surplus

Released:

Jul 25, 2019

Format:

Podcast episode

Titles in the series (100)

Naval on wealth and happiness. On Twitter at @naval.

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Give Society What It Doesn't Know How to Get: Society will pay you for creating what it wants, but doesn’t know how to get, and delivering it at scale. by Naval
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Make Luck Your Destiny: Build your character in a way so luck becomes deterministic. by Naval
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Arm Yourself With Specific Knowledge: Arm yourself with specific knowledge. It can't be trained but it can be found by pursuing your genuine curiosity. by Naval
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The Internet Has Massively Broadened Career Possibilities: The Internet has massively broadened the possible space of careers, by allowing you to scale any niche obsession. by Naval
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How to Get Rich: Every Episode: One giant episode with every interview on How to Get Rich. by Naval
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Work As Hard As You Can: Work as hard as you can. Even though what you work on and who you work with are more important. by Naval
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Escape Competition Through Authenticity: Competition can make you play the wrong game. No one can compete with you on being you. by Naval
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Learn to Sell, Learn to Build: Learn to sell. Learn to build. If you can do both, you will be unstoppable. by Naval
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Be Too Busy to “Do Coffee”: You should be too busy to “do coffee”, while still keeping an uncluttered calendar. by Naval
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You Won't Get Rich Renting Out Your Time: You won't get rich renting out your time, because you can't earn non-linearly. by Naval
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Making Money Isn't About Luck: Making money isn't about luck. It's about becoming the kind of person who makes money. by Naval
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Embrace Accountability to Get Leverage: Embrace accountability. Society will reward you with leverage. by Naval
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Live Below Your Means for Freedom: People living far below their means enjoy a freedom that people busy upgrading their lifestyles just can't fathom. by Naval
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Pick Partners With Intelligence, Energy and Integrity: Picking partners with high intelligence, energy and integrity is the three-part checklist that you can't compromise on. by Naval
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Set an Aspirational Hourly Rate: If outsourcing a task will cost less than your hourly rate, outsource it. by Naval
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Read What You Love Until You Love to Read: You should be able to pick up any book in the library and read it. by Naval
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Specific Knowledge Is Highly Creative or Technical: Specific knowledge tends to be creative or technical. It's on the bleeding edge of technology, art and communication. by Naval
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Accountability Means Letting People Criticize You: Misunderstanding accountability, and other mistakes on the path to creating wealth. by Naval
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Pick a Business Model With Leverage: Ideally, you should pick a business model with network effects, low marginal costs and scale economies. by Naval
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Partner With Rational Optimists: Don't partner with cynics and pessimists. Their beliefs are self-fulfilling. by Naval
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Play Long-term Games With Long-term People: Pick an industry where you can play long-term games with long-term people. All returns in life come from compound interest over many turns of the game. by Naval
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Product and Media Are New Leverage: Product and media are the leverage of new wealth. Create software and media that work for you while you sleep. by Naval
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The Foundations Are Math and Logic: If you understand mathematics and logic, you have the basis for understanding everything else. by Naval
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Keep Redefining What You Do: Become the best in the world at what you do. Keep redefining what you do until this is true. by Naval
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Eventually You Will Get What You Deserve: Apply specific knowledge with leverage and eventually you will get what you deserve. by Naval
4 min listen
There Are No Get Rich Quick Schemes: Get rich quick schemes are just someone else getting rich off you. by Naval
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Productize Yourself: Figure out what you're uniquely good at and apply as much leverage as possible. by Naval
2 min listen
Judgment Is the Decisive Skill: Everything we've discussed so far has been setting you up to apply judgment. by Naval
7 min listen

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Consumer Surplus: Getting More Than You Paid For

Consumer Surplus: Getting More Than You Paid For

Description

Titles in the series (100)

More Episodes from Naval

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