General Advice Warning. The information on DadMode is intended to be general in nature and is not personal financial or product advice.

his is a big one and can be a little intimidating at first.

Ray Dalio is the founder of the world's largest hedge fund, Bridgwater Associates, and is regarded as one of the leading innovators in the financial space. That may sound pretty boring and unrelated to fatherhood but it’s what he has learnt on his journey that is so valuable.

In Principles, Dalio uses the process of starting and managing Bridgwater as a springboard to outline a set of principles for life and work. Each principle is explained in detail with examples and real-world applications.

This book has helped me not only de-clutter my thought process but it’s allowed me to remove a lot of the unnecessary energy wastage associated with decision making. Things are easier if you have a principle or process in place.

A great example of one of the principles is the five-step process to get what you want out of life.

In this chapter, Dalio takes you through the process of constant evolution needed to be successful in life.

  1. Goals (Identify something that you want)
  2. Problems (Come up against a roadblock between you and your goal)
  3. Diagnosis (Why is the problem there, what caused it)
  4. Design (Come up with a solution for the problem with the info gained in step 3)
  5. Doing (Put your solution into action towards your goal)

We are always at some stage of this process with whatever we are doing. Once we are aware of it, we can recognise where we are and do what we can to move on.

Principles has given me tools that I use daily when I’m parenting. It’s so important to have strategies in place to make decisions and deal with situations when you’re a dad and this book helps you do that in a big way.

Bonus - Check out the Principles website There's heaps of content to get stuck in to.

Principles by Ray Dalio
Buy Principles
Jun 12, 2022
Personal Development

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