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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. Get the app: https://www.alux.com/app 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 - Get Rich Playlist:    • Get Rich Playlist - Alux.com   Take Action Playlist:    • TAKE ACTION by Alux.com   All Sunday Motivational Videos:    • Sunday Motivational Videos   Book Club:    • Alux.com's Book Club   - Social Media:   / alux     / alux     / aluxcom   --- Alux.com is the largest community of luxury & fine living enthusiasts in the world. We are the #1 online resource for ranking the most expensive things in the world and frequently referenced in publications such as Forbes, USAToday, Wikipedia and many more, as the GO-TO destination for luxury content! Our website: https://www.alux.com is the largest social network for people who are passionate about LUXURY! Join today! SUBSCRIBE so you never miss another video: https://goo.gl/KPRQT8 -- To see how rich is your favorite celebrity go to: https://www.alux.com/networth/ -- For businesses inquiries we're available at: https://www.alux.com/contact/