Wealth-Building Wednesday: Don't Tolerate the Problem
Channel: The Black Voice
Date: 2023-03-08

Wealth-Building Wednesday: Don't Tolerate the Problem

According to Ray Dalio, all of the Principles of Success fall under 5 Broad-Life Principles:

1. Set Clear & Audacious Goals
2. Don't Tolerate the Problem (We are covering this one today)
3. Diagnose the Root Causes
4. Design a Plan Before You Start
5. Execute to completion

Let's look at number two ~ Identify the Problem and Don't Tolerate It!

Tolerating a problem has the same consequences as failing to identify it. Whether you tolerate it because you believe it cannot be solved, because you don’t care enough to solve it, or because you can’t muster enough of whatever it takes to solve it, if you don’t have the will to succeed, then your situation is hopeless. You need to develop a ﬁerce intolerance of badness of any kind, regardless of its severity.

~ identifying the painful problems creates opportunities to grow
~ be specific in identifying the type of problem. Is it a "know-how" problem or an inherent weakness problem?


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