My Advice to People in Their 40s and 50s

My #advice to people in their 40s and 50s. #raydalio #principles #midlife

[Jenesis]

When I turned 40, I decided to take up something I used to say I hated. Which was running. Started with one lap on track, progressed to 4 laps, and then around the campus. My coworkers had a running club to do races. They asked if I wanted to join. that’s how I did my first 5k. 5k became 10k. 10k became half marathon. Half became full marathon. By the time I was 45, I turned to hiking and trail running because I lived next to Los Angeles’ biggest urban park with many trail miles. Later I took up backpacking and mountaineering, completed Whitney as a day hike. I had done multi-day trekking in England and the Alps. By 52, I became immersed in yoga, taking 2 to 3 classes a day, 5 days a week for 3 years. Covid I was dormant for 18 months. In mid 2021 I moved to a retirement park just when amenity got reopened (closed during Covid time). It’s first time I had daily access to an empty heated pool (no one uses it). I didn’t know know to swim so I watched youtube to teach myself front crawl and breaststroke. By now I can do both well, working on stamina and distance. I am also studying triathlon because I want to eventually learn how to bike. I hope I can try my first sprint tri when I turn 60 in a couple of years. Basically I spent 20 years from 40 to 60 to try what I hated doing from 0 to 39 (I’d rather read books). I don’t know what ppl do during mid life but I certainly hadn’t had any crisis. I had been busy getting in depth both intellectually and physically, learning and progressing in outdoor activities. If I was told in my 20/30s I’d be an active person later in life, I’d say no way that ain’t me LOL

[veronica.baker]

I wish i learnt most of these principles about seven years ago. A lot of people have been trapped strongly in the matrix-- Go to school, get a job, and then slave your whole life. Many miss out on life-changing information that could have great effect on their finances. I played with the stock market sometime in 2020, and I was surprised at how well it turned out. I want to put in $75k more into the market. I heard people are making really great returns despite the downturn. Any recommendations?

[LaplantFilm]

I would add to that one thing. Exercise every day for at least 20 min. I started with a combination of Cardio / Yoga / Qui Gong / strength workout. Alternating every day. That had the biggest impact right after meditation.

[DeFi-Macrodosing]

I'm 39, and I can relate to this. How to be a good father, husband and professional - all at the same time. It's tough, man. On another front: this has been a moment for deep thinking, rebalancing, reinvention of oneself. I've just met my goals set on my 20s, so what's next? Reinventing myself, redefining priorities and setting new objectives has been the focus for me...

[Odette-lv]

investing requires good experience and knowledge to carry out a good and successful trade, I have lost a lot trying to trade all by myself May I ask which investments are good??>>>>

[TheElectronPusher]

The part about leverage and getting more out of the time you already have is critically important. Love it. Thanks Ray.

[andresbard]

We experienced the pinnacle of our era, but it is now gone. Like what happened to Rome, the corrupt administration will bring this nation to an end. My condolences go out to anyone who is close to retiring and may be worried about whether their pension will be enough to pay the rising cost of living. Insane fiscal policy, poor regulatory policy, poor energy policy, and poor foreign policy

[tbobtbob]

I started meditating at 45. This ended decades of ADHD meds and had a long list of other benefits.

[Blaah]

I actually love my mid life. Because you have money for stability, you have family to love you and you are still young to achieve big goals. It’s not a crisis, it’s best time.

[Ypclarke]

Very True! It’s all about prioritizing and choosing the right people to surround ourselves with at this very important life milestone. Thank you Ray for sharing your amazing wisdom!

[arthurdanu]

I'm in my early 50s. I had my "mid life crisis" at 30, or what astrologically would be called a Saturn Return. Walked away from my career and found a great new one I never thought was possible. By 40, because of that earlier change, I had so much wealth built up inside of me that I decide to become an artist and share with the world what was in my heart. Both changes led me to incredible joys and tremendous amounts of free time, as well as out of this world spiritual experiences. If death should come to me now, I can honestly say that I would not feel cheated, even though I have much more living to do and many more surprises to encounter. I am in fantastic health and have a great marriage. The key to all of this wealth is for you to follow your heart, cut out everything in your life that keeps you from feeling free, and realize that we are all living on borrowed time. Once DEATH becomes your LOVER, you will have nothing to FEAR!

[Tomara]

Thanks Ray...great advice... keep the good people around you and meditate...by the time many people are in their 40s their life is etched across their face and it ain't pretty ....but you have aged well and with dignity.

[fixedoddsbetting]

Great advice. For me, I am quite happy right now in my forties. The whole 40s being difficult just becomes self fulfilling for a lot of people I think. However, I am not successful in the business sense, I am not married, things have been a bit crazy but I am happy. Things where crazier between the ages of 15 to 40. Just going out to walk the dog 😉

[patrickfuchs]

For me the toughest years we 15-25. After 25 it's been pretty much cruise control. I'm in my 60s now. My advice to make mid-life easier is to plan better earlier and work towards positive goals. Additionally, don't waste money in your 20s-30s because you'll lose out on the magic of compounding gains. $1K traded monthly @ about 5% over 20 years means very early and very comfortable (and I mean VERY) retirement. Forget the monster pickup, the big house you don't need, the 'things' you don't actually need... trade early, trade often, trade for years. The best thing you can do for yourself is to master fundamental and technical analysis as soon as you're able - the sooner the better, because time is probably the most important part of the compounding equation.

[cervelo]

I am 51 so it was good that this popped up. I didn't take too much from the video. Today I had day off work, it was a rainy day and I didn't get much out of the day.
Yesterday I mowed the lawn, did gardening, went for a haircut and a meal, and I got a lot more out of the day.
Today I lacked positive stimuli and my mood dipped. The weather around here is poor.
I will consider buying Ray's book, maybe.
I could do more reading, and get off the Internet.
I enjoy walking but my most recent 10 mile walk I suffered afterwards, seems like something out of balance, need to see a specialist about.
I plan and hope to resume my cycling hobby. I don't like the look of road cycling any more it looks dangerous to me now. So I would be cycling on paths and trails etc away from roads and cars etc.
Good video, thought provoking.
Ray is a multi billionaire one of the worlds' most wealthy person so its good he makes videos.
At a certain age you never know how many years you have got left, he is leaving us with some of his good materials, for those that don't buy his book(s). And Youtube is a lot more accessible than buying and reading books.
Very good.

[branem.]

Exercise + diet+ meditation + reading- reduce time on the phone has great benefits. If only i could stop using the phone it would be great. Life is not that hard as we make it hard in our heads. I am battling anxiety, but with the right choices it gets easier . Good luck to you all

[saferandquieteroads]

Thank you Ray, you are a great mentor, and I wish you the best

[R.A]

Thank you so much for being a mentor! You have significantly added to my life!

[babukhanpathan]

Ray Dalio has saved many with his principles... thank you for sharing most valuable lessons from your life. Please continue to enlighten us.

[cakeismtrader]

I feel like I already went through all this in my 20’s having lost both my parents