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Principles: Life and Work

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RayDalio
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According to Ray Dalio, to succeed in life and business, use and apply the power of principles—fundamental laws of life that do not change, and can be applied across various domains to achieve goals and objectives. In this discussion, we’re resharing some of Ray Dalio’s thoughts on this topic from his book Principles: Life and Work.
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RayDalio
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There is a 5-step process that everyone can follow to achieve what they want from life:’
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1 of 5. Set clear goals: It’s essential to have a clear focus on what you want to reach for so that you can identify when you are making progress.
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If you are new to goal setting, you can make long or short term plans for one or all areas of your life. Goals should be written in the present tense, as though the year has passed and you already achieved them.
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To keep your goals fresh in your mind, review them daily. Keep it simple. Write down ten goals and when you review the list, note which one would have the most positive impact on your life. Once that is determined, make that goal your number one priority.
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Goal setting helps you identify your strengths and weaknesses, along with unfulfilled desires that have been languishing in your subconscious mind for years.
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2 of 5. Identify problems and don’t tolerate them: Take the time to call these problems out by name and work towards eradicating them, then, you will be in the upper tier of successful people.
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It’s truly fascinating how successful people attack and see their problems. Where others see impenetrable barriers, they see challenges to embrace and obstacles to overcome.
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The way to start out in solving a problem is to entertain a solid belief that every problem has the seeds of its own solution. You can find the answer to your problem if you look deeply into the problem itself.
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Let the problem free-float in your mind. Refrain from pressure, tension, or even timing. Simply allow it to subsist in unhurried mental activity. Your mind will therefore produce the answer when needed.
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3 of 5. Diagnose your problems to find root causes: It’s important to identify the biggest problems first when reaching for goals. To make any progress on your issues, you need to hold yourself accountable to them. Think of every failure as a personal failure, and strive to be more creative, flexible, or whatever else it takes to improve.
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If everything came easy, you wouldn’t have the opportunity to learn new things. Each time you fail, you can learn something new. Whether you discover a new solution to an old problem or you gain more insight, failure can help you do better next time.
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Recalling times when you’ve rebounded in the past can help you feel equipped to deal with failure again. Draw upon the knowledge, tools, and talents you’ve used before and remind yourself that you have the capability to bounce back.
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Each time you bounce back from problems and rise above obstacles, you grow mentally stronger. Failure can show you that you’re tougher than you think and you can handle more than you imagine. Each time you fail, you build mental muscle.
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