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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