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Ray Dalio

👤 Speaker
1073 total appearances

Appearances Over Time

Podcast Appearances

Money Rehab with Nicole Lapin
Ray Dalio (Part 2): Principles of Happiness, Grief, and What Money Can’t Buy

Yeah.

Money Rehab with Nicole Lapin
Ray Dalio (Part 2): Principles of Happiness, Grief, and What Money Can’t Buy

you know, probably significantly more than half my money will go to charity. Then it's basically, I don't want my grandchildren to be in a position where they can't have an adequate education and an adequate health care and that sort of thing. So some money is being used for that.

Money Rehab with Nicole Lapin
Ray Dalio (Part 2): Principles of Happiness, Grief, and What Money Can’t Buy

you know, probably significantly more than half my money will go to charity. Then it's basically, I don't want my grandchildren to be in a position where they can't have an adequate education and an adequate health care and that sort of thing. So some money is being used for that.

Money Rehab with Nicole Lapin
Ray Dalio (Part 2): Principles of Happiness, Grief, and What Money Can’t Buy

you know, probably significantly more than half my money will go to charity. Then it's basically, I don't want my grandchildren to be in a position where they can't have an adequate education and an adequate health care and that sort of thing. So some money is being used for that.

Money Rehab with Nicole Lapin
Ray Dalio (Part 2): Principles of Happiness, Grief, and What Money Can’t Buy

But most of it, I think, probably will go to those charities that will have better impact because I've been, wow, the world has been A wonderful place. The environment. The country. United States. A land of opportunity. And I see so many people. I empathize with so many people.

Money Rehab with Nicole Lapin
Ray Dalio (Part 2): Principles of Happiness, Grief, and What Money Can’t Buy

But most of it, I think, probably will go to those charities that will have better impact because I've been, wow, the world has been A wonderful place. The environment. The country. United States. A land of opportunity. And I see so many people. I empathize with so many people.

Money Rehab with Nicole Lapin
Ray Dalio (Part 2): Principles of Happiness, Grief, and What Money Can’t Buy

But most of it, I think, probably will go to those charities that will have better impact because I've been, wow, the world has been A wonderful place. The environment. The country. United States. A land of opportunity. And I see so many people. I empathize with so many people.

Money Rehab with Nicole Lapin
Ray Dalio (Part 2): Principles of Happiness, Grief, and What Money Can’t Buy

There is going to be turbulence and turmoil. Fantastic opportunities and terrible twists, and that's an adventure, okay? That's a challenge. It's like going into the jungle. And so I think it's the approach to life that matters more than anything. When people think bad things happen, of course bad things happen. Good things happen to everybody, a lot. It's your approach to that.

Money Rehab with Nicole Lapin
Ray Dalio (Part 2): Principles of Happiness, Grief, and What Money Can’t Buy

There is going to be turbulence and turmoil. Fantastic opportunities and terrible twists, and that's an adventure, okay? That's a challenge. It's like going into the jungle. And so I think it's the approach to life that matters more than anything. When people think bad things happen, of course bad things happen. Good things happen to everybody, a lot. It's your approach to that.

Money Rehab with Nicole Lapin
Ray Dalio (Part 2): Principles of Happiness, Grief, and What Money Can’t Buy

There is going to be turbulence and turmoil. Fantastic opportunities and terrible twists, and that's an adventure, okay? That's a challenge. It's like going into the jungle. And so I think it's the approach to life that matters more than anything. When people think bad things happen, of course bad things happen. Good things happen to everybody, a lot. It's your approach to that.

Money Rehab with Nicole Lapin
Ray Dalio (Part 2): Principles of Happiness, Grief, and What Money Can’t Buy

So the most important thing, whether it's my grandchildren or whether it's your listeners or anybody out there, is this idea of principles and approach so that that adventure, life's adventurous journeys, that you are able to navigate it well. So I think that's the most important thing. Will it be? Yeah. The world is going to be turbulent. Life is hard. Being very successful is very hard.

Money Rehab with Nicole Lapin
Ray Dalio (Part 2): Principles of Happiness, Grief, and What Money Can’t Buy

So the most important thing, whether it's my grandchildren or whether it's your listeners or anybody out there, is this idea of principles and approach so that that adventure, life's adventurous journeys, that you are able to navigate it well. So I think that's the most important thing. Will it be? Yeah. The world is going to be turbulent. Life is hard. Being very successful is very hard.

Money Rehab with Nicole Lapin
Ray Dalio (Part 2): Principles of Happiness, Grief, and What Money Can’t Buy

So the most important thing, whether it's my grandchildren or whether it's your listeners or anybody out there, is this idea of principles and approach so that that adventure, life's adventurous journeys, that you are able to navigate it well. So I think that's the most important thing. Will it be? Yeah. The world is going to be turbulent. Life is hard. Being very successful is very hard.

Money Rehab with Nicole Lapin
Ray Dalio (Part 2): Principles of Happiness, Grief, and What Money Can’t Buy

But hard... means strength, just the way it is. So you have to be strong. You have to be capable. You need to, for example, understand what your weaknesses are as well as your strengths. And then you can deal with your weaknesses. There's no problem. You can have somebody who is strong where you're weak help you. There are lots of ways of dealing with that.

Money Rehab with Nicole Lapin
Ray Dalio (Part 2): Principles of Happiness, Grief, and What Money Can’t Buy

But hard... means strength, just the way it is. So you have to be strong. You have to be capable. You need to, for example, understand what your weaknesses are as well as your strengths. And then you can deal with your weaknesses. There's no problem. You can have somebody who is strong where you're weak help you. There are lots of ways of dealing with that.

Money Rehab with Nicole Lapin
Ray Dalio (Part 2): Principles of Happiness, Grief, and What Money Can’t Buy

But hard... means strength, just the way it is. So you have to be strong. You have to be capable. You need to, for example, understand what your weaknesses are as well as your strengths. And then you can deal with your weaknesses. There's no problem. You can have somebody who is strong where you're weak help you. There are lots of ways of dealing with that.

Money Rehab with Nicole Lapin
Ray Dalio (Part 2): Principles of Happiness, Grief, and What Money Can’t Buy

But there are so many people have ego barriers that stand in the way of them looking at their weaknesses. Because if you look at your weakness, you can deal with it. There's first order consequences and second order consequences for most things. And the second order consequences are usually the opposite of the first order consequences.

Money Rehab with Nicole Lapin
Ray Dalio (Part 2): Principles of Happiness, Grief, and What Money Can’t Buy

But there are so many people have ego barriers that stand in the way of them looking at their weaknesses. Because if you look at your weakness, you can deal with it. There's first order consequences and second order consequences for most things. And the second order consequences are usually the opposite of the first order consequences.

Money Rehab with Nicole Lapin
Ray Dalio (Part 2): Principles of Happiness, Grief, and What Money Can’t Buy

But there are so many people have ego barriers that stand in the way of them looking at their weaknesses. Because if you look at your weakness, you can deal with it. There's first order consequences and second order consequences for most things. And the second order consequences are usually the opposite of the first order consequences.

Money Rehab with Nicole Lapin
Ray Dalio (Part 2): Principles of Happiness, Grief, and What Money Can’t Buy

Let's say, for example, the food that you most enjoy to eat is probably the least healthy for you. Okay, the exercise that you want to do is not what you want to do, and it's the most good for you. Okay, so there are a lot of these kind of tricks. It's like the, I think they call it the marshmallow test for a kid. You have a choice.