Billionaire Ray Dalio Shares The ULTIMATE SUCCESS PRINCIPLES That Made Him WEALTHY | Lewis Howes

My guest today is Ray Dalio, Founder, Co-Chairman, and Co-Chief Investment Officer of Bridgewater Associates, the fifth most important private company in the US, according to Fortune magazine. According to Forbes, he is the 69th Richest person in the world, and he has been called the “Steve Jobs of Investing” by Wired magazine, and named one of the top 100 Most Influential People by TIME magazine.

He is also the author of the New York Times #1 bestseller, Principles, which explains and outlines the principles that he lives and works by to create massive amounts of success in his life and business. And now, he’s become an author for the second time with his new book, The Changing World Order: Why Nations Succeed and Fail. This new book explores the economic turbulence that has defined the past as well as explains why the future will be radically different. I know it’s a fascinating read — I recommend picking up a copy!

When Ray started out in his entrepreneurial career in 1975, he didn’t have much besides a two-bedroom apartment in New York and an idea. But now, forty years later, Bridgewater Associates is the largest hedge fund in the world!

But despite building one of the most successful private companies ever, Ray doesn’t see himself as anything special. He fundamentally believes that the principles he’s learned are what set him apart and allow him to achieve such massive success. And now, at this stage of his life, he is ready and excited to pass along his wisdom to anyone willing to listen.

It was such a pleasure to dissect the world’s problems and opportunities with Ray. We had a conversation that really stuck with me, and I think you’ll get a lot out of it too. I loved diving deeper into why pain is the best teacher, how we can use our mindset to achieve great things, why we should always be willing to learn and admit when we’re wrong, and so much more!

If you’re ready to create financial success, develop principles, and understand your purpose, join me on Episode 1,042 with Ray Dalio!

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It is well worth watching the entire conversation, but if your time is limited here you go:

1. 0:00 Introduction
2. 1:22 The person who made the biggest impact in Ray Dalio’s life
3. 2:58 Pain + Reflection = Progress
4. 4:45 The greatest pain in his lifetime, and the results of it
5. 9:10 Where he would be today without being completely broke in 82
6. 13:36 How Ray Dalio stays confident during transitions of life stages, ambiguity
7. 15:00 Being led by thoughts or feelings?
8. 17:08 Personal mantra when in doubt of something
9. 19:35 His approach to bets in general
10. 20:22 Thoughts on the importance of disagreement
11. 22:35 How Ray Dalio deals with personal attacks on his opinions
12. 25:51 What is thoughtful disagreement? Principles of protocols
13. 29:05 The greatest problem of mankind
14. 30:38 Is this a bad time in the world? Money, credit, wealth, political gaps, and the rise of China
15. 36:49 How should the information provided be applied for the rest of society
16. 45:44 Do we have equal opportunity?
17. 47:55 The mindset of making money
18. 51:04 Top places people should be investing, importance of saving
19. 54:42 Ray Dalio’s first investment experience
20. 55:53 The greatest gift a rich person could give to a poor person
21. 56:55 Three skills to learn
22. 59:25 Diversification
23. 1:01:30 The skill to not to be too high and not be too low either, execute a good game plan
24. 1:04:30 Advice for millenials
25. 1:05:00 Which is easier, staying wealthy or getting wealthy?
26. 1:06:30 Ray Dalio’s book: Principles
27. 1:08:00 Ray Dalio’s personality test
28. 1:09:20 The three truths
29. 1:12:11 Dalio asks about The school of greatness
30. 1:13:00 Dalio’s definition of greatness

If it gets buried in the comment section, you can find each of these sections on my website too.

[reaputnam]

How amazing for us to be able to listen to this man’s wisdom from 71 years on earth for FREE!! Thank you Lewis!! ⚡️⚡️

[Miu-ormx]

42' - 43' wow this guy is great. He is a billionaire who is not a psychopath and has compassion and empathy. Incredible.

[modernadulting]

If you want to be successful, you have to take 100% responsibility for everything that you experience in your life.
Everything you think, say, and do needs to become intentional and aligned with your highest purpose, your values, and your goals.

[vimbai]

So sad to hear about Ray's son's passing, just ten days following this interview. May the Dalio family find comfort. Thank you Lewis and Ray.

[pjnyc]

Love listening and learning from Ray Dalio. True sign of an exceptional interviewer is letting your guest speak. Thank you

[Wisdom]

" If everybody loves something, it is expensive. It everybody hates something, it is cheap. " Very wise words. Great interview. I love the way he says meditation is one of the most important things in his life. Me too. Very important to everything in life.

[philipswain]

I love the jungle analogy. I tried living the ordinary life but then I got cancer and everything changed. I’m in the jungle right now trying to grow my business. Being an independent thinker is the most free there is. It sometimes takes a wake up call to engage it

[cachattacks]

The second half for Ray starts in his early 70, mine was in my mid 50... the sooner you start discovering your life's meaning and purpose, the happier you will be.

[DavidJones-wwzn]

Multiple Source of Income:1, Create an online course
2:Buy a rental property
3: Start an online business
4: Invest in Crypto/ Stocks
5: Purchase a franchise
6: Start a Blog

[sanjaypaul]

Ray Dalio and Lewis Howes are my favorite. I also love anything Lewis Howes does. I am so happy his subscription is growing and that he is getting the word out. I love him! I would love to meet him at another event soon.

[najeraedgar]

I’m so happy I owe his book. I could listen to his wisdom all day and I try to live by his great advise. Thanks Ray for helping us be more ambitious, wise and use pain to reflect!

[CaseyBurnsInvesting]

Ray is one of the wisest, most generous men out there.

[bdescartes]

Disagreements help us to double check ourselves. A smart person may not know everything but have the art of recognizing the right answers when they hear it.

[michaelmurray]

Truly I'm so grateful for you both. This is a wise man. And you are doing great things. Hearing this gives me hope. Although we really might see a change in world order in our lives. I'm 31 years old now. Having the opportunity to learn from people like you both and many more gives me the confidence to trust in my own abilities no matter what is happening in the world !

[YogaBlissDance]

Wow at 38:00 he gets into politics and deep wisdom! Truth. 48:00 Ray corrected him- it's not just MINDSET- and i believe in mindset. Ray said "there are big differences in opportunities." Thank you. So he equalized the opportunity in explaining his success principals thereafter. "Disagreement should be a comfortable thing, that prompts curiosity and
mutual respect..." wish our political discourse could be this mature.
Such wisdom.

[vedicchanting]

Lately, anytime I listen to another School of Greatness interview, I think it was “the best” interview I’ve heard. Over and over, these are SUCH informative and helpful interviews. Thank you Lewis Howes & School of Greatness!

[meganhess]

I come from a poor family in Africa, made my way to California, a single mom. My family is not interested in learning. I tried helping them. That's the problem with some people, they just expect the government to give them money, or they hope for a quick money rich way, which leads them to scams, and they do not learn from them.

[lolitanolita]

Ray is a kind and wise man. Thank you for the interview!

[championshipcognition]

I can't thank you enough, Lewis + Ray! Let's continue to motivate and inspire others to be the best they can be!