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.

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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[avajones]

Ray Dalio is a blessing to many. I achieved success with easy steps below.

[mikeroper]

please tell us how to use this recession to make gains! grew my reserve of $110k to over half-a-million dollars between Dec. 2007 and Aug.2008, but the market is different now.

[MorganGarner-bk]

I have been disabled since 2009 and I am 58 years old at the verge of retirement. My portfoliio of $750k is down to $492k, How can I profit from the present market", I mean I've heard of people making upto $250k in couple weeks during this crash and I'd like to know how.

[Adukwulukman]

The truth is with this recent economy Everyone needs more than their salary to be financially stable. The the best thing to do with your money is to Invest it rightly because money left for saving always end up used with no returns....

[chrismadison]

I think I'm blessed because if not I wouldn't have met someone who is as spectacular as Expert Mrs Lucy Mary Liam. Though I started with $1000 but it was successful, it's been four months since I started investing with her and it's been a great experience

[kelvinharry]

When you invest, you're buying a day you don't have to work

[oliviaralston]

Successful people don't become that way overnight. What most people see at a glance wealth, a great career, purpose is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life....

[Tiaffo]

THE BEST VID IN THE SERIES SO FAR. VERY WELL-MADE 👏👏👏👏👏

[Financial-Education]

Dalio says “Taken together, these principles are meant to paint a picture of a process for the systematic pursuit of truth and excellence and for the rewards that accompany this pursuit.

[javaidak]

Very practical and useful content 👍❤it

[watsonkashala]

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

[CarolineSmith-ehsy]

In light of the impending recession and the fact that inflation is still far higher than the Fed's 2% target, several of the most prominent market analysts have been expressing their views on how terrible they believe the next downturn will be and how far stocks may have to fall. I need advice on what investments to make because I'm attempting to create a portfolio for my children that will at least be $800k in value

[josenesto]

Meaningful work, meaningful relationships.

[dipaknadkarni]

Great video and ideas.
Now being 62 it took time and commitment to reach my goals.
Best to all.

[hugh]

HUGE fan of Ray! Read Principles and watched everyone of his COMMON SENSE videos!

[inthecut]

What are the pro vs cons of talking about your ideas?

[arpiiiit]

I had wait for bonus but it's fine I got valuable knowledge keep working I am keep learning and executing ❤

[Business]

I need to get to the top 0.001 I starting a habit and good mindset I wish you all luck.😊

[lito-hipo-ai]

No Toilet Paper, No Towels and reduction of Housekeeping services… Is this a sign?! Could Marriott or any other HOTEL businesses go DOWN HILL with high interest rates and in today’s economy?!

True and recent story:
I work for one of the many Marriott Franchise business in the Disney Resort Hotel, FL. The owner of our franchise used to brag that we are one of the biggest properties in the USA with almost 500 rooms … located at an area called Flamingo Hills crossings, we are the closest Marriott franchise to Disney Entrance.
It started about a month ago when our management team shared that in the next day or two we would “SWITCHING” housekeeping to a different company - which in reality only meant a “CUT in HOUSEKEEPING SERVICES” because we fired a bunch of house keeping people (probably undocumented due to DeSantis new law on immigration) - The only people left were a few housekeeping supervisors and managers… plus a handful of new workforce the “NEW”Housekeeping company brought in…

It all happened overnight and had major impact on the already low hotel service offered with the “EVERY OTHER DAY HOUSEKEEING” for our guests.

And surely enough, just about a week after the changes there was an increase of guest’s COMPLAINTS about disgusting stinky rooms, dirty sheets and beds, and of course more bugs (ants, roaches and bedbugs) during their stay!

And I am taking about the week of Memorial Day holiday, when hotels are at full capacity and sold out most of the days…

We survived the Memorial Day week but next thing was, as the hotel occupation started ramping up as expected for the summer time, the shortage of supplies became more evident and the managers with covering up excuses (lies) about the shortage of toilet paper, trash bags, laundry detergent to wash the hotel’s towels, office supplies towels, etc…

Not to count, maintenance issues with AC’s and appliances not being fixed in the rooms and the the shortage, increase of work load and pressure to ensure no OT… our restaurant didn’t have a cook, front desk staff that are on salary having to stay late to do laundry towels…

A complete operation DISASTER that fortunately, to the Marriott and Hotel business, many guests don’t complain about either because:

The are too excited and too busy spending their vacation at the parks

Plus they get distracted with the smiles and sweat of the front desk people that are pressured and trained with codes to make those issues look like it is one of a kind for the operation

Or for the more upset guests that are determined to address the issues about their vacation/stay end up getting “BOUGHT OUT” with some 20k or 30k points BONUS on their hotel membership or a free one night stay.

And just a few days ago, comes the so 4th of July week, rooms pretty much SOLD OUT… now it is when I realize that the PROBLEM might be much bigger!

One would think that the hotel management would have used the profit from 5/24/24 to stack up and prepare for the next hotel’s busiest week…

Guess what, they did not!!!!
There was once again shortage of supplies, toiletry and at a point we RAN OUT of things… a few of our guests had to go BUY TOILET PAPER from TARGET across street.

Room were allowed to be occupied with no body or hand soap (bars or liquid), shampoo and conditioner…

We were handing pool towels to our guests because there was not enough towels for all the guest we were hosting… and find out that the problems was not just that we did not have enough people to do the Landry BUT that the hotel had not added new towels to inventory for a while so there was barely enough towel to cover all the rooms specially if they had more than 2 guests.

AC not running in an entire floor for a couple of days, no AC in the breakfast area and guests sleeping with rooms at 80 degrees because AC broken and we had no better rooms to offer to them.

And just recently heard from a couple of managers that we had issues and no money to order things from the hotel’s Amazon business account and that we will run out of key cards because the budget got reduced…

I am wondering…
could it be that the that with high interest rates vs cost of operations for a 500 rooms hotel plus the recession that is just starting makes this Marriott hotel franchise franchise is no longer profitable OR maybe there is a renewal of the mortgage that the owners won’t be able to pay and have to let the business default?

What happen in that case?! Would Marriott Corporate take over?

[fawazsaeed]

The best formula for investing is 33% VOO—33% SCHD— 33%QQQM.