The KEY PRINCIPLES For Building A Life Of WEALTH & SUCCESS | Ray Dalio
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- Опубликовано: 25 ноя 2019
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Check out Ray's NEW book: Principles for Success by Ray Dalio: bit.ly/PFS_ImpactTheory
Being one of the greatest investors in history, Ray Dalio could have easily retired into a life of ease, wealth and comfort. Instead, he has devoted his life to explaining the principles that made him successful. On this episode of Impact Theory with Tom Bilyeu, Ray Dalio details precisely how to implement radical transparency, explains how to get past your ego barrier and your blind spots, and shares the secrets to having freedom and a life worth savoring while at the same time achieving crushing success.
SHOW NOTES:
Tom describes the effect Principles had on him [3:05]
You can’t always trust that you are right [4:34]
Ray describes the “two you’s” and how he gets out of his own way [6:34]
Ray and Tom discuss meditation [11:28]
Tom explains how he adopted the identity of the learner [14:34]
Ray describes the ego barrier and the blind spot barrier [17:03]
Ray explains the concept of “just another one of those” [20:04]
Ray details precisely how to avoid constantly making exceptions [25:14]
Ray explains how to implement radical transparency [26:47]
Ray details how to deal with a serious disagreement between two people [30:46]
Ray advocates that sometimes you just have to move on [33:01]
Ray explains why life almost always works the opposite of the way you think [36:45]
Ray talks about how if you want self-discovery you will find a way to get it [39:43]
Ray explains how to get the most out of every single minute [43:11]
Ray defines tough love and struggling well [44:31]
Ray talks about savoring life, freedom, and the life arc [49:00]
Tom and Ray discuss that you really can’t skip a phase in life [54:37]
Ray shares the impact he wants to have on the world [1:00:40]
QUOTES:
“Meditation is the biggest gift that I can give anyone. And I would say, more than anything, it is whatever reason for success I’ve had.” [8:37]
“You only have to know what the best things to do are. You don’t have to have them all come up from your head. And for God’s sake, don’t be overly opinionated! Just because you have that opinion, it doesn’t mean it’s true.” [11:08]
“I got into the habit that I suggest you get into, that other people get into. Whenever you’re in a situation where you’re making an important decision, just pause. And write down: what type of decision was it? And why did I make that decision that way? That’s writing down your principles. It’s kind of your recipe for success.” [23:28]
“If you worry, you don’t have to worry. And if you don’t worry, you have to worry.” [46:08]
FOLLOW RAY:
WEBSITE: principles.com
INSTAGRAM: bit.ly/37hc087
FACEBOOK: bit.ly/2On6wjB
TWITTER: bit.ly/2KwfcDh
BOOKS MENTIONED IN THIS EPISODE:
The Hero with a Thousand Faces by Joseph Campbell: amzn.to/2qLS3FZ [0:03]
Principles by Ray Dalio: amzn.to/32UawgF [2:35]
IMPACT THEORY MERCHANDISE:
Check out ImpactTheory's Merch Shop: shop.impacttheory.com/
A billionaire who has gone through a life of many ups and downs, now here to share his wisdom with the new generation. No ulterior motives. Can we take a second to appreciate that??
Leon Hendrix - Life Of A Wantrepreneur amen 🙏🏼👏👏👏
Leon Hendrix - Life Of A Wantrepreneur Every person has a gainful angle
@@rp8592 Yep, might just be that his gain is feeling good about himself and what he's doing.
Leon Hendrix - Life Of A Wantrepreneur Ray the man!
@@robertmichaelbinet1090 The myth, the man, the legend!
These things make the internet bills totally worth it. How much can one person learn from the internet if used properly
Prashant Nittala truly wonderful isn’t it!
maximum respect to you sir
Bills are just invoices for blessings received!
"You Tube University" Stunning!
RIP to your son, Ray ✨💗 God Bless you for your strength and willingness to give
One man I can listen to, all day long, is Ray Dalio. It's not because he is wealthy, it's because he is so so wise
Would recommend everybody to watch "How the Economic Machine Works" from Ray Dalio. Taught me more about economics in 30 minutes, than I learned in 3 years at the university.
Ákos Moldován Because he really wants to convey helpful, actionable information! Not so sure about American Academia...
Yeah that is really the best content on RUclips about economics. Very precise and thoughtful. Also his heros journey in the jungle video is very very good.
stupid video. Just watched it for a few minutes. Time wasted.... Thanks so much
@@mktsp2 You can always watch some cat videos also. Even when the next crash hits.
Ákos Moldován ah,so it’s either this or that? Mm, dichotomous thinking. No wonder...
I am lost. But I promise this, I will become the best version of myself.
We all started off somewhere.
If I don’t understand something, I look it up and try to contextualize it until I get it.
At first it’s dreary, maybe tedious.
But once I build that momentum I’m giddy af
I discovered for myself that the best time to learn something is in the time of need, and not just random in the moment interest. Random and spontaneous is okay, but there will always be that need to make it relevant to your immediate needs. When we can do that, we see the value and usefulness by having a need for it before discovering it. Also, experience is the best teacher. One thing leads to another. Typically it starts with a desire, that desire leads to what becomes necessary to have it, necessities, then those necessities have needs that are to be strategically satisfied, these are called requirements. If you can appreciate this logic/protocol of happening, then the connections you make will help you map your necessary path that becomes your life plan. Basically, you can use this desire-necessity-requirement protocol for having anything at any level. You are the planner, and you decide the topology and real-time reality determines the order, timing and necessity, at the pace of business and your ability to respond. (gotta have skills). You only arrive at an understanding when it has been important and meaningful to your desire to know, be, do or have that something you desire. Your brain doesn't care with the occasional interest or distraction, but when you give something that special attention that triggers a need within, intrinsic needs, only then will your brain see it necessary to work on assessing the relevance and value of a thing, idea or person. Our brain is eager to make the next connection that leads us to another and doesn't know how to stop, it waits for you to accept defeat and failure. Until then, your brain is eager for you to concentrate on what is important to you, and have laser-like focus so that it can receive new and fresh clues needed to deliver on those desires you set your heart on achieving or having. If you don't have any dreams or desires, then you are bored and lack aim and have no purpose to align yourself to. This is when somebody else will employ you to serve their needs, to help them fulfill their dreams. Life will find a way to put your value to good use. You can become self-aware and decide for yourself or random happenings to find a place and direction for you. Somebody will value you for your value or basic ability to do labor. You have to invest your time, mind, money and energy in learning new skills, grow your vocabulary to enhance your ability to interpret new ideas. I like expanding and elaborating on ideas because it helps me to reinforce their value into my mental constructs. Good luck.
More Ray Dalios, less life coaches on the show.
10 x 👍👍👍to that
10 x 👍👍
Yes, like 'real' entrepreneurs who've actually been through a life full of ups and downs...
@@sumitme 100X to that!
i concur.
9:01 the two selves
11:33 meditation as thinking laterally less than linearly?
11:53 are you altering the two selves or understanding the two selves?
12:30 you're creating a connection
14:03 now you're triangulating with others... We're on the same mission, right? Let's all go above ourselves.
18:43 the two big things
19:03 how to fix the blind spot barrier by going above yourself to orchestrate all the different ways of seeing
22:38 this has happened before (and to other people) what kind of thing is it I'm dealing with?
23:36 "why did I make that decision that way?" Those are your principles! They're just your reasons for making your decisions and what matters to you.
26:18 life gets easier because it's not all bits and pieces. It's just reality. "How should I deal with this reality?"
31:11 don't worry about what they think but about the thinking that got them there.
31:55 the two of you have the path to rise above the problem. That's what "principled thinking" means.
34:22 in all relationships, there's a question, "how are we going to be with each other?"
35:28 do you want that terrible life? Don't be so trapped! Realize there's a big world out there. Decide where you want to go. Own it! Either you have a great relationship...or you move on! (!!)
44:58 "struggling well" will get you what you want. If you realize that, then you will go to the struggle. Same thing. Go above it: "am I struggling well?"
46:46 GO to these [uncomfortable] things and enjoy it. You can treat life like a puzzle.
48:50 enjoying the struggle. You're getting stronger, but that's what you will really want
Secrets revealed
you are amazing. thank you so much
I think that radical truthfulness could profoundly transform us
Omg you got Ray Dalio! We are the luckiest audience ever! Love him!!
Check out the interview that was done with him on valuetainment as well very cool
We are!!
@@brandonbarnard823 Looks like he's on a roll
😮😮😮😮😮 Ray Dalio accepting your invitation to come on the show is a testament to your hard work and your impact, Tom Bileyu!!!!! Thank you for your hard work and impact! 🙌🙌🙌🎉🎉🔥🔥🔥🙏🙏🙏🙏🙏 😇😇😇😇😇
“Life works almost the opposite way, you believe it does” Ray D
Im a simple man, I see Ray Dalio i click
hahaahaahha
Cameron Richardson , me too.
You're a smart man, too, then
Ray is truly a ray of light penetrating the darkest pits of humanity
These types of interviews need to be played in schools in 2020 and beyond.
Ray dalio is one of the best people out there. What he is doing is actually helpful and I believe the lessons he is trying to teach will be immensely helpful for open minded people willing to accept it.
With a lot of interviewers on YT now a days, Tom you stand out. you do a great Job at researching and knowing your guest, ask great questions, and most important you LISTEN AND LET YOUR GUEST TALK. Compare to other interviewers that usually interrupt or cut off their guest. And you keep it professional rather than a lax conversation type of interview.
What a lovely guest he has such a lovely view on life, love, unity, understanding, forgiveness, selflessness, abundance, happiness, blissfulness, alignment
So sad that Ray recently lost his son. He’s a good man.
he is a conman
@@bla-ub7ur well yeah a con with 20 billion dollars i wanna be a con man.
I can't believe you got Ray Fucking Dalio. I have wanted him as a guest for So. Fucking. Long. His video series on How the Economic Machine Works was so beautiful it made me cry. Thank you, Tom. Thank you!!!!!
William Simmons Your foul language diminishes you. Think about it !
@@robichard Hahaha....Go watch the David Goggins episode and then come back. I'd much rather be who I am than change myself because of words from some rando on the interwebs. Maybe the fact that it bothers you so much diminishes you? Think about it !
Wow, Dalio came to you. I’m sure you’re aware of how amazing that it is for you. Massive sign that you are doing good things Tom!
Ray Dalio is the Grey Champion.
Minute 47-48 is wonderful.
44:30 we find our blessing in life when we find the suffering we're comfortable with
That's so profound... Similar to what Mark Manson talks about.
@@leonjhendrix2 Yep in the subtle art. but this one is actually from Jerry Seinfeld
He looks to be in good condition for someone in their 70's. Still plenty of vitality.
Totally agree!
Yeah it's very admirable. Especially as someone who I'd imagine going through a lot of stress. But he does meditate twice a day for 20 minutes so...
Just like Trump:)
And for somebody who does a job as stressfull as his he's in an even better condition
70s is still young if you take care of yourself
Mr Tom Bilyeu, what is remarkably unique about you is your interview style - you have a way of making every person you interview soar! They become icons to me even when, which often occurs, I’ve never heard of the person & think I’ll have no interest. This is your gift, obviously among many! You interview with your own story/vulnerability seeping through in the most open, nonjudgmental way! I’m in awe & I deeply thank you for having the ability to open up areas of learning that seem unexpected. May your remarkable gifts send you blasting through your current & future endeavors/adventures!
There is so much humility about this man, and so much willingness to be of service that connects to my deepest core and inspires me to want to be the same. I am deeply humbled by this man's work, and I am so sorry for his recent loss. Thank you Ray!
Joseph Campbell is legendary. His book “The Hero’s Journey” is life-changing!
I must read it. 💪
Is it good related to entrepreneurship?
Dean Lute definitely. It takes you on a deep journey within to help discover your potentials
@@ZaroonSwati definitely a must!
@@jamesdean7412 Related to achieving anything that calls for adventure, so yes, definitely.
You only live once, but if you do it right, once is enough.
Is that from Ray Dalio? :D
@@leonjhendrix2 No, Mae West. :)
My brother did it right for 10 years, was his life enough?
wrong, you only die once, you live everyday
@@deepakj4833 Only a matter of perspective.
I love Ray Dalio. He and his wife have had a healthy, long term marriage. He is exceptional in sharing his awesome wisdom. Respect!
Ray feels like a benevolent father, I love him!
I also feel like he's someone that actually cares.
This is the treasurer. Finding the thoughtful disagreements. Ray Dalio gives the understanding of the art of curiosity and probables of unity and possibilities. It's the sensibility of considering and believability.
Even in the deepest valley you will see the light.
Love it
Ray Dalio is a beautiful soul
No judgement passed, but my personal opinion for those have commenting he did not dive in to practical examples or clearly state “tools”, I’d suggest giving it a few more listens. Thank you Tom for the interview, and thank you Ray for the insight. He gave the correct principles to get through anything, regardless of the situation. It boils down to how you handle your life paired with Tom’s vision of tapping into your human potential. Finding your path in life with directions from lessons learned not only by you but experience from others. Make it easier not harder! 👏🏽
Tom is an excellent interviewer. He asks great questions and then listens without interrupting
Tom thankyou. Finally someone has let Ray speak without interruption. The best (non finance) Ray Dalio interview I've seen.
When Ray thanked Tom at the end, that gave me goosebumps
Same here!
Extremely powerful.
sames
Agreed! I like how Ray wanted to give Tom a hug at the end. Truly a genuine guy.
YOu freaking MADMAN, you actually got Ray Dalio on here! Amazing. Amazing man, amazing books, amazing life. When I was younger, I always thought billionaires are soulless people with no perspective on life, Dalio's writing really showed me how to be a truly fulflled individual and why the way I was chasing fortune was wrong.
Alot of wealthy individuals are good people. In fact a lot of public places, libraries and much more are gifted to the people from the wealthy trying to help in positive ways. This doesn't require gov't. Just good successful individual's helping other's to reach more success.
The key to a happy life is meaningful work and meaningful relationships - Ray Dalio
Rooster Maind all billionaire are pretty kick ass people man! Can’t wait to be ond
@@AlexandertheGreat033 Me too. We gotta do a podcst together once we get there.
Pretty funny to see "madman" used as a compliment. Lol
I've never heard of this guy but he's very impressive. Great interview!👍
The main point of money and wealth is to influence the public with your perspective of the world. Money has power because it can influence easier and gives you leverage in many other ways. These perspectives can be gifting and others can be damaging. Loved the interview and content you put out.
Oh my, Ray's face at 16:35 says it all. I've never seen him so engaged in a conversation. Tom is a great interviewer!
I was so shocked to see Ray Dalio on here, by far one of the greatest episodes. We are lucky to be given advice from such a inciteful, humble, and legendary human being.
This is my third Ray Dalio interview in 90 minutes. What a man!!! He's truly the type of person we need more of in this world. An incredible example for any of us looking to make a positive impact. It's refreshing to hear his perspective as he doesn't fit our stereotypes for someone who'd be so self-aware and have the depth and ability to articulate the personal stuff along with the business. Loved his explanation of why meditation is so important!
I love Ray Dalio.
Thanks Tom. 🤗
I wish Ray Dalio was my grandfather! He seems to be such a nice person.
I've been through the biggest high and one of my biggest lows in my life so far this year and I could see that, for the low, there was a pattern that was coming back again (I become a workholic when this happens). I decided to go seek help this time and, though it's tough, I feel like I'm getting through it better than the first times. Somebody was asking me what she could do to help. I was like "Not much more than what you're doing now. It's a tough time. It just has to pass." I always remind myself "This too shall pass." whenever I feel like things are just getting worse. Oddly enough, things are starting to fall back into place somehow, some things just won't, but most things do. Your videos really help with keeping my head out of water.
My son, was given this book as a must read. I am 73, he is 32.
Incredible, we got a Dalio interview where the interviewer didn't interrupt him constantly. Good job!
Greetings from Ghana 🇬🇭.
I really enjoy this interview.It takes the subconscious mind to do the impossible.
🧘♂️☮️
Tom you are such a wonderful interviewer!! You really did Ray Dalio’s contribution justice. No simple task. Total Respects.
So chuffed that you got to interview Ray Dalio. Remember you raving about principles and the effect it had on you. Seeing this come up on my timeline really made me smile.
This is revelelatory and validating. Thankyou. I connected with Ray on "betting against the consensus and being right" as a skill, and then connected with Tom for choosing the unseen, uncommon option of "being a learner" wich exempts one and voids "worthiness issues"..
thankyou. I'm 63 and had the mega set back experience.. not blaming circumstances, I'm taking responsability.. and delving into online entrepreneurship where peope are light years ahead of me.. #Principles are "the equalizer" for those who are attuned to them I'm learning. Much love, respect and #gratitude. Thankyou.
Ray calls it the jungle, Brene Brown calls it the wilderness. It's the hard place where you find your people and yourself.
Ray has designed a road path to dissecting the millions of decisions you may make throughout your journey in life.
Great interview.
Ray is a grand master chess player and probably wins 99% of the time the 1% is when he draws !!!
Top guys.
When people ask me for my favorite book recommendations Ray Dalio is always my #1 recommendation.
Truly a game changer.
Rules yeah but which one??
@@split_jcgg9613 I was just going to ask. Lol I don't read much but I think I would buy one of this guy's books. Very impressive interview.
Kudos to Tom.👍
Ray Dalio. The man I admire the most. Such a humble human. Thanks for bringing him Tom!
He's definitely a great role model to have!
I have read none of his book, but after listening this interview I'm going to do it immediately.
Thank you for this great job!
Tom if you had to introduce yourself the way you introduce your guests I'm curious as to what that would sound like.
I love that
God
..................So, please help me welcome the creator of his own life & maker of many others, Tom Bileyeu!!
*non-stop applause* 👏🏼👏🏼👏🏼
His wife did it once, that was close!
"Today's guest is Tom. He's rich and has 6-pack abs. Welcome."
With God anything is possible! Thank you Mr. Dalio for your insight.....I was like a sponge taking it all in.🥰
Holy Cow!
Only last week I was thinking how awesome it would be if Ray Dalio showed up on Impact Theory. He is a great guy with lot of insights to share but gets interrupted often during his interviews by the hosts ( cough...cough.... Patrick Bet David....cough... cough....Gary Vaynerchuk).
But Impact Theory audiences know that you are a great listener who does his homework right.
Glad you invited him here.
Also, bring MJ DeMarco on the show. Great guy who practices what he preaches.
Yeah the GaryVee one was almost funny how often he got interrupted...
"Pain is your teacher" Ray Dalio
" This too shall pass" Tom Bilyeu👌
Those quotes although Not necessarily directly after each other, together are so profound!
I love how he keeps highlighting about going above an issue so that your emotions and ego are not above your head but rather below you, and then analysing that issue objectively so that you then can move to the next step.
This video is an instant classic! Internet gold!
Because of Ray Dalio I started practicing Transcendental Mediation and it has been a game changer.
I find his way of way of properly rationalizing and managing his brain (thoughts) simply fascinating.
Thank you @ImpactTheory for such a great gift!
Please pass it along
Great Content!! Every single second is an opportunity to change your life, because in any moment you can change the way you feel. See the things that you want as already yours. Know that they will come to you at need. Then let them come. Don’t fret and worry about them. Don’t think about your lack of them. Think of them as yours, as belonging to you, as already in your possession.
I was always suspicious of the Law Of Attraction and visualization but did it anyways consistently (just to make sure it actually works). Well, so far, it really did... I've visualized myself starting my first business - and made it happen. I've visualized myself scaling to 7-figures - and made it happen. I've visualized myself moving to Australia - and made it happen. I've visualized myself selling that business - and made it happen.
Of course, it has to be backed by action... but when you start having dreams about what you're visualizing, it's usually a good indicator that your subconscious starts figuring things out...
Wow! Powerful stuff bro, congratulations. Keep going. Peace
*Principles* is one of the greatest books out there
Definitely worth re-reading every year or two because it's so dense in wisdom.
I love how he got up to give Tim a hug at the end and he wasn’t expecting it. Amazing man, thank you for sharing your wisdom
This is universal and timeless.
I am at a place in my life where i need to hear this mans view. Thank you Tom. Great Guest! Very wise man.
14:53 - 17:02
Wow. Idk if anyone else grasped how powerful that was. Feel like the book ‘Mindset’ helped Tom with that epiphany.
this is the only video that needs to be on youtube.
As a stoic, something about Ray Dalio reminds me greatly of Marcus Aurelius.
What an extraordinary humble man. 👍
Yesss!!! Congratulations for nailing this interview Tom! Because of you Ray was able to reach so many people including me. Thank you for bringing in so much value and work. Cheers!
Ditto. 👍👏
the art of thoughtful disagreement... a great book
I'm very lucky and grateful for living in this time, where you can see and hear this great thinkers at the touch of a button ..this stills mesmorize me !!
I love Ray Dalio. He's one of the kind.
13:00 - "Things bubble up" during meditation. I have definitely found this to be true. It was amazing the thoughts that would surface once the mind was settled.
What a legend Ray is
I have seen 46 min. so far and it's basically a discussion between 2 successful businessmen about psychology and philosophy, more psychology and how to apply it to become better in your life. I personally would have taken a lot more out of it if they just stuck to business - what they're REALLY GOOD at. The things they discussed are very general and just common sense that I have heard somewhere before.
Tom, the coolest thing happened while I was completely absorbed in watching this and listening to Ray. At 52:20 when he is giving his reasoning on saying why 45-55 year olds are the most unhappy age, his message made us both shift our posture at the exact same time in the exact same way. It was really cool to see another example in my life of what I learned from Tony Robbins about mirroring in NLP.
Thank you for another great episode, I don't know how long you must have been trying to get Ray Dalio on your show, but this is a real example to me of manifestation.
My name is Justin and I had my life crash between going from phase 1 to phase 2, and I wanted to tell you that your show is an invaluable resource to someone with the freedom to do anything, and you help me to build my compass of meaning. Thank you for your service
"Evolution will decide its value."
And stop carrying "chips on your shoulder" about things that have impacted you in the past.
So important to keep looking forward...
Easier said than done. I'm still haunted. How do I heal?
this will be me... ive been thru the ringer for the lst 13 years...beat down in ever facet of the game...but i wont stop i know what im capable of....growth is trending..success is near
35:15 to about 37:00.
Perfect. It’s the truth. That’s all anyone needs to hear. If you don’t get this you won’t ever win.
Thanks Tom. You are a great interviewer
I hope one day i will be introduced like this on a platform.
Yuh u will be
He is the real man🙏
Mr. Dalio should share his Bridgewater training videos.
Yes! He's amazing. Just finished his book Principles! Do yourself a favor and go read it!
I second this. The book was amazing and gave great insight on how his company worked so well.
Omw to bookstore now! Thanks!
It's one of those books that's worth re-reading again and again every year...
Thank you! I'll get it on amazon right now
Tom, you are one of the best RUclips interveiwers that I've known so far.
100% agree. You can see that he prepares for hours and does deep research.
The rich man I respect the most!
Me: Wow! Impact Theory brought Neil Degrasse Tyson on, it can't really get better than this.
Impact Theory: Brings Ray Dalio
Me: wow x10
Angel Freelancer For real
@s s Well, I actually think Neil's interview was much better than Dalio's.
And yes, I'm easily impressed. I like everyone who's way smarter than the average.
In fact, he's inarguably the biggest star in astrophysics nowadays. Like him or not, he's brought the easiest-to-digest physics concepts to many people's lives - and not many astrophysicists have done that apart from Carl Sagan or Stephen Hawking.
If you're not impressed by that, well, you're either 1) a hater or 2) a troll.
I think that was my favorite interview on this channel. And i do not say that lightly. Amazing interview.
Ray Dalio is a true legend.
Failure is the beginning of discovery process. We should make our manifesto.
God is in charge Ray Dalio
I am one of the biggest fan of this show.... very greatful to all these life changing advice
what a time to be alive
"The art of thoughtful disagreement"
Thank You!
Must respect to Ray for passing on his library of raw knowledge. #grateful