Do Epic Shit — Book Notes
Ankur Warikoo is an amazing entrepreneur, content creator.
Do epic sh*t is a book with a lot of takeaways. You probably need to read and reread to learn about habits, money, embracing failure, and having a meaningful life.
Success and Failure
- A year from now, you will wish you had started today
Start today! is probably one of the best pieces of advice in the book.
“The best time to plant a tree was 20 years ago. The second best time is now.”
- How we think of our problems is how the world will think of our problems
Happiness is a decision, don’t allow the problems rule you
- Persistence isn’t a one-day miracle
Everyone sees success as the result of luck, but the truth is that you need to create luck, hard-work yields results.
Think in the long-term of your actions, the second-order effect of every book, of doing exercise frequently
- We just have one life
Why limit ourselves to only one profession. We can blog, play tennis, play chess and be extremely good programmers.
- Consistency + Authenticity
Naval Ravikant “You can escape competition through authenticity when you realize that no one can compete with you on being you”
- They don’t see the journey. Only you do
No one sees how you overcome all the problems and your hard-work
- There is a temporary discomfort in doing the unconventional, there is a permanent discomfort in living life as a template.
Money buys freedom!
Hard work is important but most important is what you work on
Time is the only thing that matters! “Time is the new gold”
Habits
Habits are about identity, exponential growth, and compound results
Three things that will tell you who/what you consider important in your life
- The first hour after you wake up (Exercise)
- Last hour before you sleep (Read-Chess)
- Your calendar (Free as possible- NO meetings)
James Clear To create habits:
- Clue: Make it obvious, context, trigger
- Desire: Identity
- Response: Execution
- Reward: It should become satisfying
Awareness
- Make sure decisions in your life are made from a point of view of awareness and not ignorance
- Your self-talk determines your self-worth: If you don’t believe in yourself then nobody will.
- Most decisions in life are reversible: Give serendipity a chance
- Authentic people don’t have any competition
- We always have two choices: easy one vs right one
- Explore as many things as you can before settling down what you want in life
- Read books to learn.
Naval Ravikant “Reading is faster than listening. Doing is faster than watching.”
- Compounding is the biggest miracle of life
“All returns in life come from a compound interest in long-term games”
Entrepreneurship
- Hiring for your startup? Attitude >> Experience >> Education
- Entrepreneurship is the most brutal way to discover yourself
- There are peace and wartimes CEOs
- Show people who they can be instead of telling who they should be
Value your time
Money
Income = Accountability + Leverage + Specific Knowledge
- Inflation is a thing
- Liquidity is critical
- Compounding rest on a very important element TIME
- Avoid Loans
- Avoid renting your time and owning assets
- Invest today
Relationships
- The most important relationship is with yourself
- Money and time are also a very important relationships of our life
- Nothing teaches you better than teaching others
- Who you decide to spend your life is one of the biggest decisions you will make in your life
- Your parents are first humans
- We are the five thoughts we spend the most time with
Conclusion:
Easy read, full of wisdom. A good gift for everyone
