{"podcast":{"title":"My First Million","slug":"my-first-million-438184","podcast_index_feed_id":438184,"rss_url":"https://feeds.megaphone.fm/HS2300184645","website_url":"https://www.mfmpod.com/","image_url":"https://megaphone.imgix.net/podcasts/39846662-79ea-11eb-9b06-a75ddc4bddcc/image/39f8195a6d8978d0a7bd9c7d7b3fba2d.png?ixlib=rails-4.3.1&max-w=3000&max-h=3000&fit=crop&auto=format,compress","author":"Hubspot","episode_count":904,"summary":"Sam Parr and Shaan Puri brainstorm new business ideas based on trends & opportunities they see in the market. Sometimes they bring on famous guests to brainstorm with them.","last_synced_at":"2026-09-21T16:19:50.838344+00:00","page_url":"https://stenobird.com/podcast/my-first-million-438184"},"episode":{"title":"Ray Dalio: The principles that made me a billionaire","slug":"ray-dalio-the-principles-that-made-me-a-billionaire","published_at":"2026-07-17T09:00:00+00:00","page_url":"https://stenobird.com/podcast/my-first-million-438184/ray-dalio-the-principles-that-made-me-a-billionaire","show_page_url":"https://stenobird.com/podcast/my-first-million-438184","url":"https://pdst.fm/e/traffic.megaphone.fm/HS4992688292.mp3","audio_url":"https://pdst.fm/e/traffic.megaphone.fm/HS4992688292.mp3","summary":"Ray Dalio's rules for building wealth: https://clickhubspot.com/rgsk Episode 842: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) sit down with Ray Dalio ( https://x.com/RayDalio ) to talk about the holy grail of investing strategies. — Show Notes: (0:00) Intro (0:49) Hitting rock bottom (8:28) Personality traits of the 1% (14:22) Partnerships that win (18:25) Pain + Reflection = Progress (23:30) What’s the money for anyway? (26:26) Principles (28:41) Ray’s hiring philosophy (30:43) Being a caddy (35:16) Mistakes smart investors make (37:01) What Ray spends his money on (39:13) Aliens (41:00) The 5 Big Forces (46:35) Investing in Gold and Bubble Mechanics (52:55) How Bridgewater became the biggest hedge fund (55:40) The gap between the best and everyone else (59:26) The 1 Big Takeaway — Links: • Ray’s Personality Test - https://principlesyou.com/  • Bridgewater Associates - https://www.bridgewater.com/  — Check Out Sam's Stuff: • Hampton (joinhampton.com): My community for founders. Average member does $25m/year. Many of the guests are members. Get after it...apply: http://joinhampton.com/mfm — Check Out Shaan's Stuff: • Shaan's weekly email - https://www.shaanpuri.com  • Visit https://www.somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents. • Mercury - Shaan uses Mercury across all of his companies. you can too: http://mercury.com/  Mercury is a fintech company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., Members FDIC • I run all my newsletters on Beehiiv and you should too + we're giving away $10k to our favorite newsletter, c…","meta_description":"Ray Dalio's rules for building wealth: https://clickhubspot.com/rgsk Episode 842: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/Sha…","key_points":[],"chapters":[],"topics":[],"duration_seconds":3771,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/my-first-million-438184/episodes/ray-dalio-the-principles-that-made-me-a-billionaire/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/my-first-million-438184/ray-dalio-the-principles-that-made-me-a-billionaire.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}