Making money is not about luck. It's about becoming the kind of person that makes money. If I lost all my money and you drop me on a random street in any English-speaking country, within 5, 10 years I'd be wealthy again — because it's a skill set that I've developed and anyone can develop.

There are four kinds of luck: blind luck; luck from hustling (you stir up enough dust that luck finds you); luck from preparation (you're skilled enough to spot a lucky break others miss); and luck from your unique character — where you build a brand and mindset so distinctive that luck comes looking for you.

The framework traces back to a blog post by Marc Andreessen.

If you're the best deep sea diver in the world and somebody finds a sunken treasure ship they can't reach, their luck just became your luck. You created your own luck by putting yourself in a position to capitalize on it.

Wealth stacks up one chip at a time, not all at once. I haven't made money in my life in one giant payout. It's always been a whole bunch of small things piling up — more options, more businesses, more investments.

Naval lost his first fortune in the stock market and was cheated out of his second by business partners; only the third time was a charm.

We're talking about enough wealth to get to freedom. Not retire in the sense that you don't do anything — but in the sense that you don't have to be any place you don't want to be, you don't have to do anything you don't want to do, and you don't have a boss.