One page book review: Principles by Ray Dalio, Azam’s book reviews for real estate investors.

Here’s quick book review of “Principles” by Ray Dalio, another one of Azam’s Quantum One Page Book reviews for real estate investors.  These are the biggest lessons I took away from this nearly 600 page book.

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Now for today’s class on Principles by Ray Dalio…

One page book review: Principles by Ray Dalio, Azam’s book reviews for real estate investors.

My one sentence summary:

How being badass and focusing on “Meaningful work, meaningful relationships” will create success in every area of your life.  BigReia.com

Here’s a powerful excerpt:

“Before I begin telling you what I think, I want to establish that I’m a ‘dumb shit’  who doesn’t know much relative to what I need to know. Whatever success I’ve  had in life has had more to do with my knowing how to deal with not knowing than anything I know. 

The most important thing I learned is an approach to life based on principles that help me find out what’s true and what to do about it. I’m passing along these principles because I am now at the stage in my life in which I want to help others be successful rather than to be more successful myself. 

Because these principles have helped me and others so much, I want to share  them with you. It’s up to you to decide how valuable they really are and what, if  anything, you want to do with them.

Principles are fundamental truths that serve as the foundations for behavior that get you what you  want in your life. They can be applied again and again in similar situations to help you achieve your goals.”

More along the same lines, watch the video for more on this:

“While making money was good, having meaningful work and meaningful relationships was far better. To me, meaningful work is being on a mission I become engrossed in, and meaningful  relationships are those I have with people I care deeply about and who care deeply about me.  Think about it: It’s senseless to have making money as your goal as money has no intrinsic value—its value comes from what it can buy, and it can’t buy everything. 

It’s smarter to start with what you really want, which are your real goals, and then work back to what you need to attain them. Money will be one of the things you need, but it’s not the only one and certainly not the most important one once you get past having the amount you need to get what you really want.  

When thinking about the things you really want, it pays to think of their relative values so you  weigh them properly. In my case, I wanted meaningful work and meaningful relationships equally, and I valued money less—as long as I had enough to take care of my basic needs. In thinking about the relative importance of great relationships and money, it was clear that relationships were more important because there is no amount of money I would take in exchange for a meaningful relationship, because there is nothing I could buy with that money  that would be more valuable. So, for me, meaningful work and meaningful relationships were and still are my primary goals and everything I did was for them. Making money was an incidental consequence of that.”

I learned a lot about how much 77 Collecting ties directly into this.

All About 77s

– This was the MAIN takeaway for me “meaningful” 

– This is how our Heroes build ALL of our companies – FUN

– You’re not “working” you’re just hanging out with FRIENDS

Here were his thoughts on RAD (although he didn’t use that phrase)

Excerpt from book:

“It seems to me that the personal evolutionary process— takes place in five distinct steps. If you can do those five things well, you will almost  certainly be successful. Here they are in a nutshell: 

1. Have clear goals. 

2. Identify and don’t tolerate the problems that stand in the way of your achieving those goals. 

3. Accurately diagnose the problems to get at their root causes. 

4. Design plans that will get you around them. 

5. Do what’s necessary to push these designs through to results.”

UHA and TIME – RAD and Final Notes

– The more achieved always look at time in long term

– RAD is a simple way to double, redouble and more results

– By creating EA you can always build a team of NINJAs at will

– These practices will make you a conductor for brilliance of others

– You’ll develop standards for ALL those you speak with or allow in…

And finally this is the last excerpt that sums up the book well:

“Then I spoke with proven shapers I knew—Bill Gates, Elon Musk, Reed Hastings, Muhammad  Yunus, Geoffrey Canada, Jack Dorsey (of Twitter), and more. They had  all visualized remarkable concepts and built organizations to actualize them, and done that  repeatedly and over long periods of time.  It turns out they have a lot in common. They are all independent thinkers who do not let  anything or anyone stand in the way of achieving their audacious goals. 

They are extremely resilient, because their need to achieve what they envision is stronger than the pain they experience as they struggle to achieve it. Perhaps most interesting, they have  a wider range of vision than most people, either because they have that vision themselves or  because they know how to get it from others who can see what they can’t.  

All are able to see both  the big pictures and the granular details (and levels in between) and synthesize the perspectives they gain at those different levels. They are simultaneously creative, systematic, and practical.   Above all, they are passionate about what  they are doing, intolerant of people who work for them who aren’t excellent at what they do, and  want to have a big, beneficial impact on the world.”

Want more (brilliantly) EPIC posts of real estate investing and bidness badasssery...?

There is a great post and class on the 38 Ways to Buy Apartment Buildings Zero Down with Pet Policies, and here are some other helpful and EPIC posts... for starters as a real estate investor if you ever want to build a business that makes you 30 grand a month then you MUST do this...

There's also a great class Azam did on how anybody can retire in the next 1-2 years with $30,000 a month in passive income by buying and selling businesses zero down.  What about Micro Flipping?  We have a great class on how to start micro-flipping real estate zero down from your house and make $500/day, speed wholesaling 101.

There’s also another great class on how to buy apartment buildings zero down that you can check out as well.  This relates directly to growing income on rental properties.  Speaking of which make sure to check out our epic page on 14 ways to avoid tenants from hell.  Also we have a great post on how to make build a "six figure a month" real estate wholesaling business.

Also here is a post on how I did this and I flipped a house off Zillow for 30.  Also you can check out the post on five steps to flip a house right off Zillow for 40 grand.  You can also check out our other epic post on 57 ways to make money with vacant land.

Here’s another post on how a Hero flipped a house off Zillow and made 40k in a few weeks while he was learning to read.  Also you want to check our post on the EPIC $25 million letter and the copy writing lessons for real estate investors, you'll love it.  Also you can see how ONE letter is making me $9,000 a month.  Also you can check out the post on 101 FREE places to advertise your houses.

Also check out the "SA" class and your REAL chances of create social mobility and income ascension with your real estate business.  Brilliant stuff.  Also there is a great post on the ONLY way you'll ever make 30 grand a month as a real estate investor and/or business builder.  Another brilliant class with a free downloadable Investor Guide is about 19 Ways to Make $10,000 a Month by Helping Tired Landlords.

Plus make sure you check out Azam's post on how to hire a realtor that makes you $10,000 a month... while you sit back with your shoes kicked up on your desk and fingers folded behind your head.  Also there is a great post on how to make five grand a week from putting out signs.

Also we have some great posts on 30 ways to buy real estate with no money down.  That is a two part series so make sure to watch the second part on the 30 ways to buy real estate zero down and with no loans or credit.  I also get questions about our "Epic Flipping" and how to turn $1 into over $25,000 by flipping ordinary items for exponentially high ROI.

And don’t forget our EPIC page on 100 FREE ways to find motivated sellers, we are making the number one page in the world on FREE ways of finding motivated sellers.  Also check out how I find motivated sellers from code violation properties, and also how I make over $1,500 a week giving investors access to that list.  Speaking of lists, for a list of the "Good People" and My Indy Anna Homeys you can go to our People Page at https://www.BigReia.com/people.

You can also get a LONG list of every contract, piece of paperwork and legal document that you'll EVER need for your real estate business all FREE to download: https://www.BigReia.com/Contracts.

Also perhaps the most important class Azam has done is on the "Frequency of Thought" and how to use the laws of quantum physics to rewire your brain, attract brilliance like a lightning rod and be the best version of yourself.  Check out this epic 3-hour class on Quantum Real Estate.

Go to BigReia.com and you’ll become allergic to being an LC and addicted to improving the world and creating Social Mobility for you and yours… 

Thanks so much!  = )

Make the Universe Smile.

~ Indy Anna
Love (at) BigReia.com
317-969-5619 (YES that's my actual Direct Line and I really do answer lol, so please text me first Thx!)

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100 FREE ways to find motivated sellers.