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The School of Greatness

1042 Create Financial Success, Develop PRINCIPLES & Understand Your Purpose w/Ray Dalio

The School of Greatness

Lewis Howes

Entrepreneurship, Fitness, Inspiration, Greatness, Health, Money, Celebrity Interview, Self Care, Celebrity, Success, Mental Health, Relationships, Mindset, Health & Fitness, Education, Alternative Health, Business, Self-improvement

4.821.6K Ratings

🗓️ 7 December 2020

⏱️ 77 minutes

🧾️ Download transcript

Summary

“The most important thing in life is meaningful work and meaningful relationships.” Today's guest is billionaire, philanthropist, and author, Ray Dalio. He is the Founder, Co-Chairman and Co-Chief Investment Officer of Bridgewater Associates, the fifth most important private company in the US according to Fortune Magazine. He is also the author of The New York Times #1 Bestseller Principles, which outlines the principles that he lives and works by to create massive amounts of success in his life and business. Lewis and Ray sat down for a deep and inspiring conversation about why pain is the best teacher, how we can use our mindset to achieve great things, the three phases of life, how to have healthy disagreements, and so much more! For more go to: www.lewishowes.com/1042 Check out the Principles website: https://www.principles.com/ Read Ray’s new book: https://www.amazon.com/Changing-World-Order-Nations-Succeed/dp/1982160276 Sign up for updates on the assessment center (personality test): https://assessments.principles.com Daymond John on How to Close any Deal and Achieve Any Outcome: https://link.chtbl.com/928-pod Sara Blakely on Writing Your Billion Dollar Story: https://link.chtbl.com/893-pod

Transcript

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0:00.0

This is episode number one thousand forty two with number one New York Times bestselling author Ray Dalio.

0:07.0

The greatest problem of mankind is people having opinions that they're stuck on because it prevents them from moving forward to finding the best answer.

0:20.0

Welcome to the School of Greatness.

0:23.0

My name is Lewis Howe's former pro athlete turned lifestyle entrepreneur. In each week we bring you an inspiring person or message to help you discover how to unlock your inner greatness.

0:35.0

Thanks for spending some time with me today. Now let the class begin.

0:43.0

Martin Luther King Jr. once said, no work is insignificant. All labor that a lifts humanity has dignity and importance and should be undertaken

0:52.0

with painstaking excellence. And writer T. F. Hodg said, fear is the lack of faith in one's ability to create powerful solutions.

1:02.0

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.

1:15.0

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.

1:28.0

He is also the author of the number one New York Times 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.

1:40.0

And it was such a pleasure to dissect the world's problems and opportunities with Ray today. And we had an incredible conversation that really stuck with me and I think you're going to get a ton out of this as well.

1:50.0

I love 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 in this episode we discuss the three phases of life.

2:04.0

The difference between the conscious mind and the subliminal mind and why you need to be aware of them.

2:10.0

Ray talks about his personal mantra when handling self-doubt, yes a billionaire has self-doubt at times, how to identify the difference between toxicity and healthy disagreement, this was powerful.

2:22.0

The three most important things to know about what's happening in the world right now that we haven't faced before, how to have a financially successful mindset that will take you to the next level and so much more.

2:34.0

I truly enjoyed this, I did not want this conversation to stop. If you're enjoying it, make sure to share this with someone.

2:41.0

LouisHouse.com slash 1042 is the episode number and the link or just copy and paste the link wherever you're listening to it on Apple Podcast or Spotify. And make sure to subscribe on Apple Podcast as well if you're inspired by this episode.

2:57.0

Okay, in just a moment, the one and only Ray Dalio.

3:05.0

Welcome back everyone to the School of Gradness. I am very excited. We have to rate Dalio in the house. Thank you so much for being here Ray.

3:13.0

Oh, I'm thrilled to be.

3:15.0

I am, I'm grateful for you because you have such a wealth of wisdom, not only on wealth accumulation and finances and the history of the financial system, which we're going to get into as well.

3:28.0

But the more I dive into who you are, you understand people and you've created this incredible way to build something by understanding people and in your book on principles.

...

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