How To Get Rich According To Ray Dalio
There are a million ways to make a million dollars.
In this video, we’re looking at how Ray Dalio does it.
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00:00 – Intro
00:41 – Understand the Economic Machine
01:50 – Use the 5-Step Process to Get What You Want Out of Life
03:28 – Don’t Confuse What You Wish Were True with What is Really True
04:43 – Understand the Power of Compound Interest
05:30 – Diversify Your Investments
06:34 – Learn How to Convert Your Earnings into Wealth
07:43 – Stress-Test Your Ideas
08:51 – Know When to Cut Losses
09:57 – Don’t Let Fear of Mistakes Stop You from Taking Risks
10:57 – Embrace Reality and Deal With It
11:51 – Adapt To The Cyclical Nature Of The Economies
12:36 – Maintain a Long-Term Perspective
13:30 – Be Flexible And Adaptable
14:13 – Understand the Principles of Successful Negotiation
14:55 – Ensure that Those Who Work with You Understand Your Expectations
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