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On Today's Episode: The principles you live your life by will either reward you with a life you enjoy living or lead you to a life you want to escape. Whether you consciously choose your principles or operate subconsciously on your default network, principles specific to you are guiding you in the outcomes you achieve.\nRay Dalio is the founder of the world\u2019s biggest hedge fund, Bridgewater Associates which manages over $100 billion. His mission has been to share the principles that have made him wildly successful. He wasn\u2019t born into wealth, so when he shares these principles and lessons he\u2019s found repeatedly successful, you may want to take notes.\nThis episode is stuffed with foundational ideas and mindset shifts to help you succeed and learn to start thinking from first principles. Understanding how to handle your opinions, how to struggle well, how to separate yourself from doing things that are better done by someone else is your first step to major success.\n\nSHOW NOTES:\n0:00 | Introduction to Ray Dalio\n0:14 | Prepare for the Recession\n33:32 | The Secret to Wealth & Success\n52:55 | How to Survive & Thrive\n1:20:50 | Adopt the Right Mindset\n\nFollow Ray Dalio:\nWebsite: https://www.principles.com/\nTwitter: https://twitter.com/RayDalio\nInstagram: https://www.instagram.com/raydalio/\nYouTube: https://www.youtube.com/channel/UCqvaXJ1K3HheTPNjH-KpwXQ\n\nAre You Ready for EXTRA Impact?\nIf you\u2019re ready to find true fulfillment, strengthen your focus, and ignite your true potential, the Impact Theory subscription was created just for you.\nWant to transform your health, sharpen your mindset, improve your relationship, or conquer the business world? This is your epicenter of greatness.\xa0\nThis is not for the faint of heart. This is for those who dare to learn obsessively, every day, day after day.\nSubscription Benefits:\n\nUnlock the gates to a treasure trove of wisdom from inspiring guests like Andrew Huberman, Mel Robbins, Hal Elrod, Matthew McConaughey, and many, many, more\n\nNew episodes delivered ad-free\n\nExclusive access to Tom\u2019s AMAs, keynote speeches, and suggestions from his personal reading list\n\nYou\u2019ll also get access to an 5 additional podcasts with hundreds of archived Impact Theory episodes, meticulously curated into themed playlists covering health, mindset, business, relationships, and more:\n\n\nLegendary Mindset: Mindset & Self-Improvement\n\n\nMoney Mindset: Business & Finance\n\n\nRelationship Theory: Relationships\n\n\nHealth Theory: Mental & Physical Health\n\n\nPower Ups: Weekly Doses of Short Motivational Quotes\xa0\n\n\ufeff\nSubscribe on Apple Podcasts: https://apple.co/3PCvJaz\nSubscribe on all other platforms (Google Podcasts, Spotify, Castro, Downcast, Overcast, Pocket Casts, Podcast Addict, Podcast Republic, Podkicker, and more) : https://impacttheorynetwork.supercast.com/\nLearn more about your ad choices. Visit megaphone.fm/adchoices