Everyone sets goals but yet only a little percentage of them completely achieve them cause most of us dont have a system to get to those goals. Anyone can achieve their goals once they implement this 5 step system by Ray Dalio.

Goal Setting

Most of us are limited by our mindset rather than abilities. Mostly we dont pursue bigger and harder goals cause we like to stay in our comfort zone and pursue something that is relatively easy to do and takes less time. That is why there is only one Steve Jobs, Bill Gates, or Elon musk. They did something that people with mediocre minds can't even dare to do.

Mindset

The next step is identifying the problems that limit you from achieving the selected goals. Most of us are afraid to highlight our weaknesses due to ego barriers and we like to blame instead of admitting. We find having weaknesses painful because society has taught us having weaknesses is a bad thing.

Problems

Now is the time to diagnose those problems and work on them to solve them. To solve them first you have to reach the root cause of those problems. The best technique is the 5 why technique. After identifying problems dig into it up to five levels by asking a why question than relating them all.

Diagnose

Now is the time to diagnose those problems and work on them to solve them. To solve them first you have to reach the root cause of those problems. The best technique is the 5 why technique. After identifying problems dig into it up to five levels by asking a why question than relating them all.

Design

Replay the story of where you have been and what you have done that led up to where you are now, and then visualize what you and others must do in the future so you will reach your goals.

Designing precedes doing. The design will give you your to-do list.

The last step is to execute the designed solution.

Execute

#1 New York Times Bestseller “Significant...The book is both instructive and surprisingly moving.” —The New York Times Ray Dalio, one of the world’s most successful investors and entrepreneurs, shares the unconventional principles that he’s developed, refined, and used over the past forty years to create unique results in both life and business—and which any person or organization can adopt to help achieve their goals. In 1975, Ray Dalio founded an investment firm, Bridgewater Associates, out of his two-bedroom apartment in New York City. Forty years later, Bridgewater has made more money for its clients than any other hedge fund in history and grown into the fifth most important private company in the United States, according to Fortune magazine. Dalio himself has been named to Time magazine’s list of the 100 most influential people in the world. Along the way, Dalio discovered a set of unique principles that have led to Bridgewater’s exceptionally effective culture, which he describes as “an idea meritocracy that strives to achieve meaningful work and meaningful relationships through radical transparency.” It is these principles, and not anything special about Dalio—who grew up an ordinary kid in a middle-class Long Island neighborhood—that he believes are the reason behind his success. In Principles, Dalio shares what he’s learned over the course of his remarkable career. He argues that life, management, economics, and investing can all be systemized into rules and understood like machines. The book’s hundreds of practical lessons, which are built around his cornerstones of “radical truth” and “radical transparency,” include Dalio laying out the most effective ways for individuals and organizations to make decisions, approach challenges, and build strong teams. He also describes the innovative tools the firm uses to bring an idea meritocracy to life, such as creating “baseball cards” for all employees that distill their strengths and weaknesses, and employing computerized decision-making systems to make believability-weighted decisions. While the book brims with novel ideas for organizations and institutions, Principles also offers a clear, straightforward approach to decision-making that Dalio believes anyone can apply, no matter what they’re seeking to achieve. Here, from a man who has been called both “the Steve Jobs of investing” and “the philosopher king of the financial universe” (CIO magazine), is a rare opportunity to gain proven advice unlike anything you’ll find in the conventional business press.

Principles Summary

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KEY
IDEAS

Principles Summary

8

KEY IDEAS

KEY
IDEAS