Ray Dalio, Self-Made Billionaire, Reveals Simple 3-Step Recipe for Success
Ray Dalio, the founder and former CEO of hedge fund giant Bridgewater Associates, has shared a three-step recipe for success in a recent LinkedIn post. According to Dalio, the key to achieving success is to first identify what you want, second figure out how to realistically achieve it, and third, pursue that path with ironclad determination.
Dalio’s formula is simple, but relies on setting reasonable expectations for what success might look like. “I don’t care whether you want to be a master of the universe, a couch potato, or anything else—I really don’t,” he wrote. “Some people want to change the world and others want to operate in simple harmony with it and savor life. Neither is better. Each of us needs to decide what we value most and choose the paths we take to achieve it.”
This philosophy is echoed by Mark Cuban, another self-made billionaire, who defines success as “setting a goal and being able to wake up every morning feeling really good about what you’ve accomplished.” According to Cuban, successful people share one key trait: they are willing to work hard for what they want and endure obstacles and uncertainty along the way. Cuban himself faced many challenges, including running side hustles, getting fired from multiple jobs, and nearly going broke, on his path to becoming a billionaire.
The one thing you can control, Cuban says, is your effort. “And being willing to do so is a huge competitive advantage, because most people don’t.” With that in mind, here are some additional tips for achieving success: identify what you want, set realistic goals, and be willing to put in the effort required to achieve them.
