#149 Ray Dalio on If Your Life Has Crashed, You Need to Listen to This | Impact Theory
Tom Bilyeu's Impact Theory
11/26/19
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Being one of the greatest investors in history, Ray Dalio could have easily retired into a life of ease, wealth and comfort. Instead, he has devoted his life to explaining the principles that made him successful. On this episode of Impact Theory with Tom Bilyeu, Ray Dalio details precisely how to implement radical transparency, explains how to get past your ego barrier and your blind spots, and shares the secrets to having freedom and a life worth savoring while at the same time achieving crushing success. This episode is brought to you by: EightSleep. Right now get $150 off your Pod and free shipping when you go to EightSleep.com/IMPACT Butcherbox. Sign up now and get $20 off your first box plus 2lbs of ground beef and 2 packs of bacon at butcherbox.com/IMPACT or enter promo code IMPACT at checkout. That’s 2lbs of ground beef and 2 packs of bacon for free PLUS $20 off your first box by going to ButcherBox.com/IMPACT OR enter promo code IMPACT at checkout. Audible. Get 3 months of Audible for just $6.95 a month. That’s more than half off the regular price. Choose 1 audiobook and 2 Audible Originals absolutely free. Visit audible.com/IMPACT or text IMPACT to 500-500. Skillshare. Start learning on Skillshare today with 2 free months at skillshare.com/impacttheory ITU. Check out Impact Theory University at: http://bit.ly/ImpactTheoryUniversity2 SHOW NOTES: Tom describes the effect Principles had on him [3:05] You can’t always trust that you are right [4:34] Ray describes the “two you’s” and how he gets out of his own way [6:34] Ray and Tom discuss meditation [11:28] Tom explains how he adopted the identity of the learner [14:34] Ray describes the ego barrier and the blind spot barrier [17:03] Ray explains the concept of “just another one of those” [20:04] Ray details precisely how to avoid constantly making exceptions [25:14] Ray explains how to implement radical transparency [26:47] Ray details how to deal with a serious disagreement between two people [30:46] Ray advocates that sometimes you just have to move on [33:01] Ray explains why life almost always works the opposite of the way you think [36:45] Ray talks about how if you want self-discovery you will find a way to get it [39:43] Ray explains how to get the most out of every single minute [43:11] Ray defines tough love and struggling well [44:31] Ray talks about savoring life, freedom, and the life arc [49:00] Tom and Ray discuss that you really can’t skip a phase in life [54:37] Ray shares the impact he wants to have on the world [1:00:40] QUOTES: “Meditation is the biggest gift that I can give anyone. And I would say, more than anything, it is whatever reason for success I’ve had.” [8:37] “You only have to know what the best things to do are. You don’t have to have them all come up from your head. And for God’s sake, don’t be overly opinionated! Just because you have that opinion, it doesn’t mean it’s true.” [11:08] “I got into the habit that I suggest you get into, that other people get into. Whenever you’re in a situation where you’re making an important decision, just pause. And write down: what type of decision was it? And why did I make that decision that way? That’s writing down your principles. It’s kind of your recipe for success.” [23:28] “If you worry, you don’t have to worry. And if you don’t worry, you have to worry.” [46:08] FOLLOW RAY: WEBSITE: principles.com INSTAGRAM: https://bit.ly/37hc087 FACEBOOK: https://bit.ly/2On6wjB TWITTER: https://bit.ly/2KwfcDh BOOKS MENTIONED IN THIS EPISODE: Principles https://amzn.to/32UawgF [2:35]
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Welcome to another episode of Conversations with Tom, with guest Humble the Poet. On this episode, Tom and Humble go back and forth on truths and beliefs that anyone who wants to be successful at anything need to deeply internalize. They discuss the reality of taking risk, the way culture stacks on itself, how to buck the systems you disagree with, how to attain mastery at valuable skills, and how to make and save money. This is not a fluffy episode where they tell you what you want to hear. They go deep on their own fears and failures, and explain exactly how they turned their setbacks into success. This episode is brought to you by: Check out Impact Theory University at: http://bit.ly/ImpactTheoryUniversity2 SHOW NOTES: Humble describes his experience as an immigrant and his cultural history [1:16] Humble discusses the difficulty and pay of being a teacher [3:14] Humble doesn’t find value in complaining or even in venting [6:03] What do you do when the world is way out of step with you? [7:22] Humble talks about how culture stacked on itself in hip hop [9:05] Humble describes his existential crisis when he realized he wanted to be an artist [11:06] Tom and Humble discuss why they won’t “work their way up” in entertainment [12:39] Tom and Humble discuss doing hard things to build self-respect [15:08] Tom describes his fear of open water [19:09] Humble explains how he avoided being a starving artist [22:54] “The big strength I found was in admitting I f*cked up” [28:18] Humble and Tom discuss taking risk and not quitting on your dreams [31:35] Humble strongly stakes his claim that he is meant for hip hop [36:10] Humble talks about getting a book published [41:48] Humble describes exactly how he started to make money as an artist [45:00] Tom and Humble discuss whether intelligence makes you happy [51:40] Humble and Tom discuss the power of having a chip on your shoulder [56:43] Humble and Tom discuss wanting to see other people win [1:05:09] Tom advocates that money doesn’t change your self-image [1:11:27] Humble advocates that the struggle to overcome fears never ends [1:14:23] “True freedom exists only in discipline.” [1:18:55] Humble describes his most important tattoos [1:25:17] Humble discusses the power of unlearning things [1:26:35] Tom and Humble advocate that it’s possible to be both content and ambitious [1:30:43] FOLLOW Humble The Poet: WEBSITE: www.humblethepoet.com INSTAGRAM: https://bit.ly/2QfJHRr FACEBOOK: https://bit.ly/2CIDHbP TWITTER: https://bit.ly/2Kl06jL
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Famed hypnotherapist Marisa Peer, named the Best British Therapist by Men’s Health Magazine, has devoted her life to helping people resolve childhood trauma, find love, and lead healthier lives. Her primary insight is that the mind does what you tell it to, but most people do not understand how to talk effectively with their own minds. On this episode of Impact Theory with Tom Bilyeu, Marisa Peer explains exactly how to transform your negative self-talk, details the process by which you can come to the full realization that you are enough, and explains how to deal with the primary impediments to personal growth. This episode is brought to you by: Butcherbox. Use the discount code: "TOM" at butcherbox.com to get 20$ off and FREE BACON Vincero Watches. Go to https://vincerowatches.com and use code IMPACTTHEORY at checkout for 15% off your entire order plus free shipping. Blinkist. Visit www.blinkist.com/IMPACT to try out the premium service completely free for 7 days! Skillshare. Start learning on Skillshare today with 2 free months at skillshare.com/impacttheory ITU. Check out Impact Theory University at: http://bit.ly/ImpactTheoryUniversity2 SHOW NOTES: Marisa tells the story of what led her to hypnotherapy [2:18] Marisa explains how hypnotherapy shuts down the critical part of the brain [4:18] Marisa explains why you need to use language that is powerful and absolutely up to date [6:52] What is the difference between repetition and hypnosis? [9:35] Marisa describes the process of finding the imprint that causes your negative self-talk [11:43] What are the limits to the fact that your mind does what you tell it to? [16:52] Marisa describes the “You are Enough” movement [20:56] Marisa explains how starting with “I am enough” changes people’s self-talk [22:46] Marisa and Tom discuss why people sometimes are not willing to change [25:33] Marisa discusses how she dealt with cancer [32:36] Marisa shares the impact she wants to have on the world [38:54] QUOTES: “If you understand the mind, it does what you tell it. That’s it’s job. If you tell it better stuff, you have an amazing life. If you tell it mediocre stuff, you have a mediocre life.” [6:39] “The number one block is the fear of rejection. If I make it I might get rejected. If I find love they might leave. If I make all that money people won’t like me. So you’ve got to smash out of the ballpark the fear of rejection.” [19:56] “If you make the choice to talk to yourself better, you can bounce back. You might as well use your mind as much as you possibly can to be well.” [37:55] FOLLOW: WEBSITE: https://marisapeer.com INSTAGRAM: https://bit.ly/33kLFmz FACEBOOK: https://bit.ly/2XK3IBe TWITTER: https://bit.ly/2pLuJYu
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