To lead a successful life, even "couch potatoes" need to understand these 3 things.

On Sunday, in a LinkedIn post, billionaire Ray Dalio shared his three-step recipe for success, which he claimed anyone could use.

To achieve success and drive progress, one must comprehend the cause-effect relationships that govern reality and apply principles to obtain their goals with unwavering determination, as stated by Dalio, the 75-year-old founder and ex-CEO of Bridgewater Associates.

To achieve your goals realistically, you must set reasonable expectations for success, as per Dalio's formula.

"Dalio, with an estimated $14 billion net worth, wrote that he doesn't care whether people want to be a master of the universe, a couch potato, or anything else; what matters is that they decide what they value most and choose the paths they take to achieve it."

Mark Cuban, another self-made billionaire, defines success as knowing what you want and figuring out how to achieve it, as he stated on LinkedIn's "The Path" podcast last year.

Cuban stated that success is achieved by establishing a goal and waking up each morning with a sense of satisfaction over what has been accomplished.

To become successful, one must be willing to work hard and endure obstacles, as Cuban suggests. Cuban himself experienced setbacks, including running side hustles, getting fired from jobs, and nearly going broke, but ultimately achieved success.

"Randall Kaplan, an entrepreneur and venture capitalist, stated in a LinkedIn video post that the only thing in life one can control is their effort. He emphasized that being willing to put in the work is a significant competitive advantage since most people are not."

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