'A successful life essentially consists of doing these five steps over and over again,' says billionaire investor Ray Dalio. (via CNBCMakeIt)
For today's 20-somethings and college grads, Dalio, now 68, says he's perfected a recipe to succeed as he did." the billionaire reveals a simple, five-step process anyone can use to get ahead."This is your personal evolution.""Step one is to know your goals and run after them," Dalio says in the series. "What is best for you depends on your nature, so you need to really understand yourself and know what you want to achieve in life.
"These problems are typically painful," Dalio explains. "If handled badly, some of them can lead to your ruin. But to evolve, you need to identify those problems and not tolerate them."and nearly had to close his firm. "This experience was like a blow to my head with a baseball bat," Dalio says, adding that it led him to investigate why he made the wrong call, which turned out to be a valuable experience.
"Design a plan to eliminate the problems," Dalio says in the series. "This is where you will determine what you need to do to get around [the blocks]." For Dalio, that meant creating an "idea meritocracy" at Bridgewater, where employees felt comfortable challenging each others' —"Step five is to execute those designs, pushing yourself to do what is needed to progress toward your goal," Dalio says. Today, Bridgewater is known for its culture of "
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