Power Principles Self Made Hedge Fund Billionaire Ray Ralio and That Rapper 50 Cent both Have in Common.
Looks like billionaire hedge fund titan and rapper have more in common then you’d ever expected.Both self made titans sometimes even use the same wording in their principles.
Sources: Principles by Ray Dalio and 50th Law by 50 Cent and Robert Greene
1 See things as they are – harsh reality.
People can be treacherous. They bring endless battles into your life.
Your task is to resist the temptation to wish it were all different – instead you must fearlessly accept these circumstances, even embrace them.
By focusing your attention on what is going on around you, you will gain a sharp appreciation for what makes some people advance and others fall behind.
By seeing through people’s manipulations, you can turn them around.
The firmer your grasp on reality, the more power you will have to alter it for your purposes.”
Pain + Reflection = Progress
How big of an impediment is psychological pain to your progress?
People who confuse what they wish were true with what is really true create distorted pictures of reality that make it impossible for them to make the best choices.
They typically do this because facing “harsh realities” can be very difficult.
However, by not facing these harsh realities, they don’t find ways of properly dealing with them.
And because their decisions are not based in reality, they can’t anticipate the consequences of their decisions.
2. Push beyond the limits.
“Your sense of who you are will determine your actions and what you end up getting in life.
If you see your reach as limited, that you are mostly helpless in the face of so many difficulties, that it is best to keep your ambitions low, then you will receive the little that you expect.
Knowing this dynamic, you must train yourself for the opposite — ask for more, aim high, and believe that you are destined for something great.
Your sense of self-worth comes from you alone — never the opinion of others.
With a rising confidence in your abilities, you will take risks that will increase your chances of success.
People follow those who know where they are going, so cultivate an air of certainty and boldness.”
Both of them also love to meditate.