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The Money Edit is for women who are passionate about personal finance and financial independence.

This is a place to change your mind about spending, saving and living your best life.

550 pages of gold: Ray Dalio's generous and transparent Principles

550 pages of gold: Ray Dalio's generous and transparent Principles

My favourite thing about traveling are the long blocks of quiet time on the plane. Naturally, my favourite thing to read are personal development and investing books. Combine that with ear plugs and a giant coffee, I’m in the zone!

On my flights to Ontario last week, I read Principles by Ray Dalio. It is frank and honest conversation with a brilliant mentor that most of the world would otherwise never be able to access. Ray built a billion dollar investing company from the ground up, while always keeping his values front and centre. Over the years, he honed a set of principles to govern his life and his work which he shares generously and transparently in this goldmine of a book.

Ray’s reflections on both life and work - and the intersection between them – have opened my mind to the possibility of radical transparency. Grounded in reality, transparency  is about giving feedback, expecting and listening to feedback, dealing with personal weaknesses.

I absolutely align with Ray’s value of generosity. He sees money as a resource and currency to achieve your goals and cultivate your best life.

Remember that the only purpose of money is to get you what you want, so think hard about what you value and put it above money. How much would you sell a good relationship for? There’s not enough money in the world to get you to part with a valued relationship. 

- Ray Dalio

The book is 500+ pages, which can appear daunting. I had it for a few months before I got the courage to really dig in. What I found was that the first 250 pages lend a background on Ray’s career and his life principles, upon which all else is based. The second half of the book is about leadership. It's meant to be read in snippets rather than from beginning to end. By browsing the table of contents I was able to pick and choose what I'm most interested in learning about.

Once again I've learned not to judge a book by its cover (or length!). I thought I was going to learn about investing, but I ended up learning so much more. Money is a byproduct of following your passion and pursuing it with vigor and unwavering principles and faith. Ray Dalio absolutely rocked my world.

PS -  need to write a post on how Ray Dalio, Jen Sincero and Seth Godin have shifted my money mindset from frugality and squirrel-like saving to focusing on the abundant universe! Stay tuned…

Have you read any awesome personal development books lately? Tell me in the comments below!

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