Ray Dalio Net Worth = $19 Billion
Ray Dalio is the co-founder of Bridgewater Associates, which is one of the world's largest hedge funds. He is easily in the top 100 wealthiest people in the world. He got a new stat in investing by getting into the game at the tender age of 12 and never looking back. Similar to Warren Buffet, it's clear that getting started early can be the key. He is known for predicting that a financial collapse was on the way in 2008.
Most people don't know a lot about Ray Dalio because he has kept a pretty low profile. In 2017 he launched a book called Principles, where he taught everything he knows and has learned in his long investment career, and it made him much more mainstream. He is well known in circles of wealth around the world and is also well known for his ability to build amazing teams.
Source of Wealth
Quotes - Ray Dalio Net Worth and Key Habits
"If you're not failing, you're not pushing your limits, and if you're not pushing your limits, you're not maximizing your potential." Ray Dalio
"I learned that if you work hard and creatively, you can have just about anything you want, but not everything you want. Maturity is the ability to reject good alternatives to pursue even better ones." Ray Dalio
"Choose your habits well. Habit is probably the most powerful tool in your brain's toolbox." Ray Dalio
"Every time you confront something painful, you are at a potentially important juncture in your life – you have the opportunity to choose healthy and painful truth or unhealthy but comfortable delusion." Ray Dalio
"Remember that the only purpose of money is to get you what you want, so think hard about what you value and put it above money. How much would you sell a good relationship for? There's not enough money in the world to get you to part with a valued relationship." Ray Dalio
"There are two broad approaches to decision making: evidence/logic-based (which comes from the higher-level brain) and subconscious/emotion-based (which comes from the lower-level animal brain)." Ray Dalio
Ray Dalio Net Worth and Key Habits
Habit #1 - Embrace Reality
Ray Dalio believes in relying on logic as much as possible. He knows that logically comes from a higher, more complicated part of the brain than emotional-based thinking does. He often talks about how most people believe in delusions and doesn't base their decision making off of facts, and it messes them up.
The only way to win is to embrace reality because it allows you to start from where you are. If you are terrible, you need to embrace that you're fearful because it gives you a proper starting place. When you embrace reality, you can shake your emotions and see things logically for what they are, and that will improve your choices.
Habit #2 - Be Radically Open Minded
Most people believe in things they were told as kids, and they do everything they can to keep holding on to these ideas. They will die before they let these ways of thinking go. If you don't shake this, you may still be operating under incorrect belief systems that have just been passed down throughout your family.
Ray Dalio challenges himself and others to be open-minded. You find new approaches to problems and life when you stay open-minded to the possibilities. You have to be willing to listen and then evaluate everything for the truth. If there is the truth you have to accept it. There is no room to let emotion block out the fact.
Habit #3 - Focus On Your Strengths
Ray Dalio is known for giving all employees baseball trading cars with their strengths and weaknesses on them. At first, this can be very uncomfortable to have their shortcomings out there, but it helps the company operate better. When you know who is good at what, you don't waste time making people behave in their weaknesses.
When you work on your weaknesses, you may become competent, but when you work on your strengths, you have the opportunity to be great. Focus on being great and be known for doing that one thing well because its all you need. No one looks for people who are well rounded at a bunch of stuff.