Ray Dalio’s Best Advice for Young Entrepreneurs

less than 1m read

·Nov 8, 2024

You're a role model for so many young people who want to be like you. They're thinking by being like you means extraordinarily rich, but they're not looking at these deeper questions. What would you say to all these young entrepreneurs who are, you know, wanting to be successful businessmen?

Because you are, I just ran into a game that I love, and it happens to pay well if you're good at it. That's all it was; I didn't go after that.

And I think here's what I would say: Money has no intrinsic value. What does it get you? You have to think, what does it get you? I think, um, you should pick whatever brings you the most happy life you have. And you should be what I call self-sufficient plus. That means you have to have enough money to have the life that you want to have, and maybe a little bit more so that you can help others and whatever.

And that could be the simplest, most beautiful life. Never lose sight of what you want because if you define success in that way, it's terrible in other words. Because then you're going to create an obsession which has no purpose and no ending, and no ending.

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Ray Dalio’s Best Advice for Young Entrepreneurs

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