Kickstart Your Business in Just 6 Weeks! https://bit.ly/46MKb5Q Upgrade your life in just 7 days with our FREE Challenge: https://bit.ly/3PTE2xA Ray Dalio has decades of experience, knowledge, and learnings he’s put together his books, Principles: Life and Work, Principles for Dealing with the Changing World Order, and video content he’s made freely available on his YouTube channel for everyone that values truth and radical honesty. Check out Ray’s video mentioned in this episode, Principles for Dealing with the Changing World Order: https://youtu.be/xguam0TKMw8 In a world teetering on the brink of economic uncertainty and geopolitical tensions, billionaire investor and founder of Bridgewater, Ray Dalio has delivered multiple sobering conversations that you can't afford to miss. Revered for his radical honesty and objective view of reality, Ray dives into the mechanics of our failing banking system, the rise and fall of global powers, and how you can navigate these turbulent times. With a strong verdict recently decided in the FTX case and hundreds of billions of dollars in unrealized losses across major banks being reported, Ray's voice of reason and objective views demand the attention of people like you seeking answers to the infamous question, "What now?”
In this episode, Ray not only highlights the importance of understanding the mechanics of the current economic crisis but also shares practical strategies on how to become antifragile, protect your money, and thrive in chaos. Noteworthy takeaways include the need to earn more than you spend, the power of diversification, and why competing in the markets is harder than competing in the Olympics.
Don't bury your head in the sand – equip yourself with the knowledge and tools to survive and thrive in this changing world order. Tune in now for this enlightening conversation with Ray Dalio, and learn how to position yourself for survival regardless of the stage we’re in." CHAPTER MARKERS
[00:00] How to Become Antifragile
[43:44] Protect Your Money
[1:19:06] How to Thrive in Chaos
[1:53:54] The New World Is Here QUOTES: “When we think about safety we have to think about that as purchasing power.” “To be financially strong, requires you to not spend more than you earn.” “You’ve got to get strong in a politically fragmented environment.” “If you’re a new politician and you run a state, […] and it's before an election its in your interest to borrow and spend because nobody pays attention to the borrowing, they pay attention to the spending.” “Holding cash and debt assets is a bad thing.” “If you worry, you don't have to worry, and if you don't worry, you need to worry.” “History has shown when the causes that people are behind are more important to them than the system, the system is in jeopardy. And that is a risky situation.” Follow Ray Dalio:
Website: https://www.principles.com/ Twitter: https://twitter.com/RayDalio Instagram: https://www.instagram.com/raydalio/ YouTube: https://www.youtube.com/channel/UCqvaXJ1K3HheTPNjH-KpwXQ Follow Tom Bilyeu: Website: https://impacttheoryuniversity.com/ Twitter: https://twitter.com/TomBilyeu Instagram: https://www.instagram.com/tombilyeu/