Get my (free) 80page Ebook https://pickingnuggets.org/
I share 23 powerful Nuggets from top Influential Doers (in their own words), with added visuals (to make it super easy to understand) and my own reflections.

✍ Find the best nuggets from important nonfiction books on Shortform! The platform that I use to learn from books https://shortform.com/pickingnuggets
Through my special link, You’ll get a 5day FREE trial and a 20% off the annual subscription!

SUPPORT
❣ If you want to support the work I do on the channel, join my Patreon and get awesome perks and help me keep creating more videos   / pickingnuggets  

MY SERVICES
‍ 1on1 YouTube Consulting // Let's jump on a videocall! https://juliofroment.com/#consulting'>https://juliofroment.com/#consulting

MY PRODUCTS
My YouTube Guide (PDF + Checklist) https://pickingnuggets.gumroad.com/l/...
My YouTube Growth Map (Canvas Map + Videos) https://pickingnuggets.gumroad.com/l/...

MY KEY LINKS
My website https://juliofroment.com/
Twitter   / pickingnuggets  

✭ ✭ ✭ ✭ ✭

★ Sources:
Source 1    • Product and Media Are New Leverage  

Source 2    • How MrBeast Spends $200,000 Per Day |...  

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 YouTuber 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 coauthor of Venture Hacks, and a comaintainer of AngelList. I have learnt so much from his deep wisdom about many wideranging 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 YouTube 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 nonlinear 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!)


Music Credits

LoFi Beats
amies x midnight alpha. – Memory Lane
Provided by Lofi Records
Watch:    • amies x midnight alpha. – Memory Lane  
Download/Stream: https://fanlink.to/AmiesOblivion

| Download this music (free)
→ https://lofigirl.com/blogs/releases/o...


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 nonfictional / 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 :)