WATCH: This Billionaire's Tip Will Make You More Successful
Ray Dalio, founder of the world's largest hedge fund, has some smart life advice.
A few months ago, I started following Ray Dalio, the billionaire founder of Bridgewater, the world's largest hedge fund, on Twitter. There, he distills many of the guidelines from his new book and #1 New York Times bestseller, Principles.
I'm a diligent to-do lister (though my day planner teeters towards neurotic, I've got enough check marks to fill a private beach), solid at strategizing how to overcome problems, and follow the edict of principle 2.2f to a T. I may not practice transcendental meditaiton (Dalio swears by it), but my Headspace meditiaton app is a trusty companion in my daily morning routine. I'm not a billionaire though. What gives?
Well, when I stumbled upon this CNBC article on Dalio's life advice for achieving your goals, I think I may have discovered my pain point: I become entirely overwhelmed when I'm presented with too many possibilities. What Would Dalio Do? He'd advise I zoom in on the goals I prioritize most, and accept the fact that some will inevitably fall by the wayside as the result.
"While you can have virtually anything you want, you can't have everything you want," Dalio writes, as excerpted in the piece. "Life is like a giant smorgasbord with more delicious alternatives than you can ever hope to taste. Choosing a goal often means rejecting some things you want in order to get other things that you want or need even more."
While I'm more than a few zeroes away from reaching billionaire status, the simple — but astute — advice rings true.
I'm going to start by spending less time on Twitter.