Podcasts about economic machine works

Episode 677: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) go inside what's happening with DOGE. — Show Notes:  (0:00) The wild story of Iron Mountain (17:39) Our take on DOGE (28:20) Government contract side quest (33:14) Elon vs Sam Altman PPV (39:16) How does Elon never get tired tho? (48:23) Life in situ (58:09) Casting call: $100K to the new MFM field correspondent — Links: • “The Many Lives of Iron Mountain” - https://tinyurl.com/t4drtpdb  • “How the Economic Machine Works” - https://tinyurl.com/ydp966p9  • “Principles for Dealing with the Changing World Order” - https://tinyurl.com/2evfs6bd  — Check Out Shaan's Stuff: Need to hire? You should use the same service Shaan uses to hire developers, designers, & Virtual Assistants → it's called Shepherd (tell ‘em Shaan sent you): https://bit.ly/SupportShepherd — Check Out Sam's Stuff: • Hampton - https://www.joinhampton.com/ • Ideation Bootcamp - https://www.ideationbootcamp.co/ • Copy That - https://copythat.com • Hampton Wealth Survey - https://joinhampton.com/wealth • Sam's List - http://samslist.co/ My First Million is a HubSpot Original Podcast // Brought to you by The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano

Patrick Donley sits down with Nick Hill and Dan Foch from The Canadian Real Estate Investor podcast to discuss how they got their start in real estate, how their partnership developed, what's happening in the Canadian real estate markets, what they see unfolding in the coming years and how to profit, and why it's important to understand where we are in the debt and market cycles.IN THIS EPISODE, YOU'LL LEARN:00:00 - Intro02:27 - How both Nick and Dan got their start in real estate.06:05 - Why their podcast is more data driven.12:50 - What information we need to be gathering as investors.14:48 - How their partnership developed.14:48 - What their current portfolio strategy looks like.28:30 - Who their real estate heroes are.29:57 - What trends do they see unfolding in the coming years and how to take advantage of them?30:02 - What's unfolding in the Canadian real estate markets.34:13 - Why it's important to understand where we are in The Fourth Turning.36:56 - How the current macro environment is affecting their strategies.And much, much more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCESRobert's book The Everything Guide to House Hacking.Hillybilly Elegy by J.D. Vance.The Canadian Real Estate Investor Podcast.Zeckendorf by William Zeckendorf.Rental Property Investing by Brandon Turner.The Fourth Turning by William Strauss and Neil Howe.How the Economic Machine Works by Ray Dalio.Rich Dad Poor Dad by Robert Kiyosaki.Richer, Wiser, Happier by William Green.NEW TO THE SHOW?Check out our Real Estate 101 Starter Packs.Browse through all our episodes (complete with transcripts) here.Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.Keep up with the latest news and strategies on real estate investing with the best real estate podcasts.P.S The Investor's Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSGet a FREE audiobook from Audible.What does happen when money and big feelings mix? Tune in to find out on the new podcast, Open Money, presented by Servus Credit Union.Instead of trying to time the market or pick single stocks, automate your investments and invest in a variety of companies with Betterment.Get the professional support you need to prepare for your future career with UBC Sauder School of Business.Apply for the Employee Retention Credit easily, no matter how busy you are, with Innovation Refunds.Partner with a specialized agency focused on making insurance as easy as possible for real estate investors. Take advantage of monthly reporting, monthly billing, and coverage for all phases of occupancy with National Real Estate Insurance Group.Support our free podcast by supporting our sponsors.Connect with Patrick (@jpatrickdonley): TwitterConnect with Dan: Twitter | Website | LinkedInConnect with Nick: Twitter | WebsiteSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

William chats with Ray Dalio, one of the most successful investors of all time. Ray, whose net worth is estimated at $19.1 billion, founded the world's largest hedge fund firm, Bridgewater Associates, which manages about $150 billion. He's also the author of the #1 NYT bestseller “Principles: Life & Work,” which has sold over 4 million copies. Here, Ray shares invaluable lessons on how to develop your own principles for success, overcome your biggest obstacles, construct a resilient portfolio, invest wisely in China, think rationally about Bitcoin, & build a happy life that suits your personality. This is a true masterclass on investing & life.IN THIS EPISODE YOU'LL LEARN:00:00 - Intro02:42 - How Ray Dalio's habit of writing down his principles changed his life.08:40 - Why it's critical to understand yourself & find paths that suit your nature.11:32 - What Ray discovered about his strengths, weaknesses, values, & motivations.12:25 - How he succeeds by collaborating with people who are strong where he's weak.12:50 - What business leaders like Elon Musk, Bill Gates, & Reed Hastings have in common.16:08 - How to convert your experiences into principles that will guide your decisions.17:29 - What Ray learned about risk & survival after a disastrous investment mistake.21:44 - How he taught himself to embrace pain, harnessing it to become a better investor.26:59 - How meditation empowers him to make decisions in a calm & centered way.31:32 - How to apply his five-step process for getting what you want out of life.32:16 - How to improve your life by identifying the “one big thing” that stands in your way.45:08 - How to combat your ego & your blind-spots.47:23 - Why he's comfortable investing billions in China, despite the uncertainties.45:31 - How he balances risk & reward by seeking to own 15 “good, uncorrelated bets.”52:00 - How regular investors can construct a well-diversified, resilient portfolio.57:16 - What we should learn from the bubble & bust of high-tech stocks & crypto.1:01:39 - Why he's deeply skeptical about Bitcoin.1:05:43 - How economies are driven by credit cycles, & where the U.S. stands in this cycle.1:18:13 - How to prepare for the future by knowing where you are in the three phases of life.1:23:57 - Why Ray is becoming more spiritual in the third & final phase of his life.1:33:18 - Why he's happy to cede control of his investment firm to a new generation of leaders.1:38:10 - Why Ray sees ocean exploration, not space exploration, as the greatest adventure of all. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESListen to William Green's 2022 interview with Ray Dalio, The Changing World Order - TIP410, or watch the video.Principles: Your Guided Journal by Ray Dalio.Principles: Life and Work by Ray Dalio.Ray Dalio's animated video on How the Economic Machine Works.Ray Dalio's animated video on Principles for Success.Ray Dalio's animated video on Principles for Dealing with the Changing World Order.Follow Ray Dalio on LinkedIn.Take the free PrinciplesYou personality assessment test.William Green's book, “Richer, Wiser, Happier” – read the reviews of this book.Follow William Green on Twitter.NEW TO THE SHOW?Check out our We Study Billionaires Starter Packs.Browse through all our episodes (complete with transcripts) here.Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.Learn how to better start, manage, and grow your business with the best business podcasts. P.S The Investor's Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSTalk to your clients about Desjardins Responsible Investment today and support what's right for society and what's good for business.Take stock of your finances and investing strategy with Betterment.If your business has five or more employees and managed to survive Covid you could be eligible to receive a payroll tax rebate of up to twenty-six thousand dollars per employee. Find out if your business qualifies with Innovation Refunds.Send, spend, and receive money around the world easily with Wise.Let an expert do your taxes from start to finish so you can relax with TurboTax.If you're aware you need to improve your bitcoin security but have been putting it off, Unchained Capital's Concierge Onboarding is a simple way to get started—sooner rather than later. Book your onboarding today and at checkout, get $50 off with the promo code FUNDAMENTALS.Support our free podcast by supporting our sponsors.HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Directionally Correct podcast is now sponsored by Orgnostic! https://orgnostic.com/ Cole's Everyone Gets Paid the Same Article: https://open.substack.com/pub/directionallycorrectnews/p/everyone-gets-paid-the-same-a-theory?r=ybtwi&utm_campaign=post&utm_medium=web Pay for Performance & Heart Medication: https://journals.aom.org/doi/10.5465/amd.2018.0007#.Y7TBt2MdDOw.linkedin Louisiana's First Buccee's Comes to Ruston: https://www.nlep.org/Media-Center/Press-Releases/Louisiana-s-First-Buc-ee-s WSJ - Are Your Coworkers Less Ambitious: https://www.wsj.com/articles/your-coworkers-are-less-ambitious-bosses-adjust-to-the-new-order-11672441067 Ray Dalio - How the Economic Machine Works: https://www.youtube.com/watch?v=PHe0bXAIuk0 ONET Job Zones: https://www.onetonline.org/help/online/zones The Fourth Turning Book: https://www.amazon.com/Fourth-Turning-American-Prophecy-Rendezvous/dp/0767900464/ref=asc_df_0767900464/?tag=hyprod-20&linkCode=df0&hvadid=312371602209&hvpos=&hvnetw=g&hvrand=3538414707804191327&hvpone=&hvptwo=&hvqmt=&hvdev=c&hvdvcmdl=&hvlocint=&hvlocphy=9026945&hvtargid=pla-434010102866&psc=1&tag=&ref=&adgrpid=61011965686&hvpone=&hvptwo=&hvadid=312371602209&hvpos=&hvnetw=g&hvrand=3538414707804191327&hvqmt=&hvdev=c&hvdvcmdl=&hvlocint=&hvlocphy=9026945&hvtargid=pla-434010102866 NY Pay Transparency Wide Salary Ranges: https://www.cnn.com/2022/11/14/success/pay-transparency-wide-salary-ranges/index.html

IN THIS EPISODE YOU'LL LEARN:00:04:24 - How Dalio defines credit and debt.00:08:55 - Why too much debt can be an issue for the global economy.00:12:13 - The difference between the short-term and the long-term debt cycle.00:13:02 - Why credit is the primary driver of our economy and leads to bubbles.00:14:45 - How deflationary and inflationary deleveragings eventually resolve themselves.00:17:11 - How we can identify a bubble.00:31:37 - Four tools policymakers can use to handle large debt issues.00:45:39 - Why hyperinflation occurs at the conclusion of some long-term debt cycles.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESTune into the recent We Study Billionaires' episode covering the Lessons from Billionaire Howard Marks.Learn about the Worldly Wisdom of Charlie Munger.Dalio's video: How the Economic Machine Works.Ray Dalio's books: Big Debt Crises & The Changing World Order.Check out William Green's conversation with Ray Dalio here.Check out Preston and Stig's overview of Big Debt Crises here.Follow Clay on Twitter and Instagram.NEW TO THE SHOW?Check out our We Study Billionaires Starter Packs.Browse through all our episodes (complete with transcripts) here.Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.P.S The Investor's Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSGet position and investment info for nearly 6,000 Asset Management Companies with Moomoo, Australia's first A.I. powered trading platform. Sign up and fund your moomoo account before October 31 and get $10 for every $100 you deposit. All investment carries risk. AFSL 224 663. T&Cs apply.Monitor your recovery, sleep, training, and health, with personalized recommendations and coaching feedback with WHOOP. Use code WSB to save 10% off your order today.If your business has five or more employees and managed to survive Covid you could be eligible to receive a payroll tax rebate of up to twenty-six thousand dollars per employee. Find out if your business qualifies with Innovation Refunds.Invest in high-quality, cash-flowing real estate without all of the hassle with Passive Investing.Have gold and silver shipped directly to your door for you to hold at your home. Get BullionMax's Gold Investor Kit today - 3 ounces of the world's most desirable gold coins, including the Gold American Eagle and Canadian Maple Leaf.If you're a sales professional, get every real time advantage you can get with Sales Navigator. Enjoy 60 days of free trial today.In a world of probabilities, trade the possibilities with Pepperstone.Ship with FedEx and be ready for this holiday season with picture proof of delivery.If you're aware you need to improve your bitcoin security but have been putting it off, Unchained Capital's Concierge Onboarding is a simple way to get started—sooner rather than later. Book your onboarding today and at checkout, get $50 off with the promo code FUNDAMENTALS.Get personalized, expert advice that helps you see things clearly with ATB.Enjoy 10% off your first booking in Viator's world of over 300,000 experiences you'll remember. Download the Viator app now and use code VIATOR10.More wealth, more purpose, or making more of a difference? Commonwealth Private helps you create more of yours - with exceptional service and experts who meticulously tailor opportunities for you.Find an advisor who's invested in you with iA Financial Services Inc.Find people with the right experience and invite them to apply to your job. Try ZipRecruiter for FREE today.Ship with FedEx and be ready for this holiday season with picture proof of delivery.Take a position daily on potential price movements, and gain exposure while limiting risk with Interactive Brokers.Support our free podcast by supporting our sponsors.HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

In this interview, Erin Shine introduces the concept of the monetary system. If that's a new concept for you, don't worry because he breaks it down with simple to understand examples. Erin also shares about his passion for real estate and net-zero homes. You're bound to learn something new today!Discussed in episode:Book: The Creature from Jekyll IslandYoutube: How the Economic Machine Works by Ray DalioBlog post: Benefits of Owning One Home in Your LifetimeFree Energy Efficiency EBookConnect with Erin:Website: https://www.attainablehome.com/Instagram: https://www.instagram.com/attainablehome/Connect with me:https://www.instagram.com/its_coach_jess/The content in this podcast is for entertainment purposes only.  Consult with a financial professional for questions about your personal situation. 

In the thirteenth episode, recorded at block #731168, hosts Turbo and Mitch talk with Eric Yakes about his book, "The 7th Property: Bitcoin and the Monetary Revolution", The Federal Reserve, and going full-time Bitcoin. In this episode, they are also joined by special guest Ryan Deedy, who has spent the last 14 years working as an equity analyst at various mutual funds and hedge funds before leaving to focus all of his time to advocate for Bitcoin.Find more on Eric:Twitter - @ericyakesHis Book: The 7th Property: Bitcoin and the Monetary Revolution Find more on Ryan:Twitter - @rdeedy_Resources Referenced: How to Win Friends and Influence People by Dale CarnegieProgramming Bitcoin by Jimmy SongGeopolitical Alpha by Marko PapicThomas Sowell's WritingThe 7th Property: Bitcoin and the Monetary Revolution by Eric YakesHow the Economic Machine Works by Ray DalioTwitter Info: -@OrangePillAddix-@TurboHodl-@WittyUsername30-@kc_hodlKansas City Bitcoin MeetupKcBitcoiners.comIntro music by Coma-Media from PixabayDisclaimer: This podcast is for entertainment purposes only and should not be used as financial advice.

IN THIS EPISODE, YOU'LL LEARN:14:14 - Why you can have anything but not everything in life.28:17 - Ray Dalio's 5-step process to achieve your goals in life.33:28 - Why 15 uncorrelated bets is the holy grail of investing.49:46 - The personal advice Ray Dalio gave to Preston.*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES:Ray Dalio's book, Principles – Read reviews of this book.Ray Dalio's book Principles for Dealing with The Changing World Order.Ray Dalio's YouTube talk on How the Economic Machine Works.William Green's conversation with Ray Dalio - The Changing World Order with Ray Dalio.New to the show? Check out our We Study Billionaires Starter Packs.Invest in the $1.7 trillion art market with Masterworks.io. Use promo code WSB to skip the waitlist.Make your home safe with Simplisafe and get 40% off today. Indoor and outdoor cameras, comprehensive sensors, you name it.You can see eczema on the surface of your skin, but there may also be irritation below that you can't see. Discover Eucrisa as it works both above and below the skin to treat eczema in adults and children 3 months of age and older.Donate to GiveWell's recommended charities and have your donation matched up to $1,000 before the end of August or as long as matching funds last if you've never donated before. Pick PODCAST and We Study Billionaires or enter code TIP at checkout.Yieldstreet allows you to invest beyond the stock market with an evolving marketplace of alternative investments. Create your account today.Get access to some of the most sought-after real estate in the U.S. with Crowdstreet.Be part of the solution by investing in companies that are actively engaged in integrating ESG practices with Desjardins.Canada's #1 employee benefits plan for small businesses! The Chambers Plan evolves with the way you work and live while keeping the rates stable. Opt for the simple, stable, and smart choice for your business.Optimize your payments infrastructure, simplify expansion plans, and create new revenue streams for your business with Stripe. Join millions of companies of all sizes. Learn more and get started today!Every 28 seconds an entrepreneur makes their first sale on Shopify. Access powerful tools to help you find customers, drive sales, and manage your day-to-day. Start a FREE fourteen-day trial right now!Browse through all our episodes (complete with transcripts) here.Support our free podcast by supporting our sponsors.HELP US OUT!What do you love about our podcast? Here's our guide on how you can leave a rating and review for the show. We always enjoy reading your comments and feedback!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

IN THIS EPISODE, YOU'LL LEARN:5:06 - Why Dalio believes the U.S. is in danger of a dramatic and turbulent decline.11:23 - How China is rapidly rising to become the world's dominant power.30:30 - Why Dalio warns that cash and bonds are terrible bets in today's environment.39:48 - Why Dalio views diversification as “the most important thing”.41:52 - Is Bitcoin a speculative craze or a smart hedge against inflation?1:04:57 - How to succeed by being “radically truthful”.1:16:21 - How a disastrous mistake turned into one of the best experiences of Dalio's life.1:23:44 - How meditation has strengthened Dalio's creativity, equanimity, and resilience.1:34:45 - What Dalio has learned from the devastating loss of his son.1:37:42 - Why Dalio's faith in the power of evolution makes him hopeful for the future.*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESRay Dalio's book Principles for Dealing with The Changing World Order.Ray Dalio's YouTube talk on How the Economic Machine Works.William Green's book, Richer, Wiser, Happier – read reviews of this book.Stig's conversation with William Green about Richer, Wiser, Happier.New to the show? Check out our We Study Billionaires Starter Packs.Invest in the $1.7 trillion art market with Masterworks.io. Use promo code WSB to skip the waitlist.Make your home safe with Simplisafe and get 40% off today. Indoor and outdoor cameras, comprehensive sensors, you name it.You can see eczema on the surface of your skin, but there may also be irritation below that you can't see. Discover Eucrisa as it works both above and below the skin to treat eczema in adults and children 3 months of age and older.Donate to GiveWell's recommended charities and have your donation matched up to $1,000 before the end of August or as long as matching funds last if you've never donated before. Pick PODCAST and We Study Billionaires or enter code TIP at checkout.Yieldstreet allows you to invest beyond the stock market with an evolving marketplace of alternative investments. Create your account today.Get access to some of the most sought-after real estate in the U.S. with Crowdstreet.Be part of the solution by investing in companies that are actively engaged in integrating ESG practices with Desjardins.Canada's #1 employee benefits plan for small businesses! The Chambers Plan evolves with the way you work and live while keeping the rates stable. Opt for the simple, stable, and smart choice for your business.Optimize your payments infrastructure, simplify expansion plans, and create new revenue streams for your business with Stripe. Join millions of companies of all sizes. Learn more and get started today!Every 28 seconds an entrepreneur makes their first sale on Shopify. Access powerful tools to help you find customers, drive sales, and manage your day-to-day. Start a FREE fourteen-day trial right now!Browse through all our episodes (complete with transcripts) here.Support our free podcast by supporting our sponsors.HELP US OUT!What do you love about our podcast? Here's our guide on how you can leave a rating and review for the show. We always enjoy reading your comments and feedback!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

In this episode I give a brief overview of how the economic machine works. I give credit to Ray Dalio everything I learned about the economy I learnt from Ray Dalio

Episode Notes Did you like this episode? Subscribe on iTunes: http://apple.co/3iHA4ac Or, drop us a tip to show your appreciation: https://tips.pinecast.com/jar/investedsuccess Show Notes and Resources: Did you like this episode? Subscribe on iTunes: http://apple.co/3iHA4ac Or, drop us a tip to show your appreciation: https://tips.pinecast.com/jar/investedsuccess Show Notes and Resources: Amanda Holden is an award-winning money writer, speaker, and educator. Through her business, Invested Development, she educates women about investing and other money topics — because Amanda believes that the world needs more women with financial power. Over the last five years, Amanda has taught thousands of young women to invest. She uses a unique and effective mix of stand-up comedy and relatability to inspire real action with her students. Amanda also writes a women + money blog called The Dumpster Dog Blog. Amanda was recently featured in Forbes for her work with women, and won Plutus Awards for creating the Best Investment Content and Best Social Media. For free investing education (and the occasional #TRASHION outfit), find Amanda on Instagram and TikTok @dumpster.doggy. Amanda's Blog: https://www.amanda-holden.com/ "How the Economic Machine Works" by Ray Dalio: https://www.youtube.com/watch?v=QPBC1XLx8Ek Read the blog: https://bit.ly/3qJRu99 Subscribe on YouTube: https://www.youtube.com/channel/UC9tAwnUno9ilzPaO9y7dnYg?sub_confirmation=1 ✩ s o c i a l ✩ ✓ www.facebook.com/groups/investedsuccess/ ✓ Instagram.com/SuccessInvested ✓ Twitter.com/SuccessInvested Business inquiries ➵ hello (at) moneyselfmade.com The views expressed are provided as a general source of entertainment information only and should not be considered to be personal investment advice or solicitation to buy or sell securities. Investors considering any investment should consult with their investment advisor to ensure that it is suitable for the investor's circumstances and risk tolerance before making any investment decisions. The information contained on the blog and this email were obtained from sources believed to be reliable, however, we cannot represent that it is accurate or complete. DISCLAIMER: I get $0.00 financial benefit if you click on the majority of links above, but I also am fully disclosing that I sometimes use affiliate links, often to help me provide you cool discounts. Everything I suggest on my website (affiliate or not) is a product or service I love and use myself. This is a hardcore rule that applies to 100% of anything I recommend. Please don't buy anything unless you'll genuinely benefit from it. Support Invested Success by contributing to their Tip Jar: https://tips.pinecast.com/jar/investedsuccess Find out more at https://investedsuccess.pinecast.co Check out our podcast host, Pinecast. Start your own podcast for free with no credit card required. If you decide to upgrade, use coupon code r-538425 for 40% off for 4 months, and support Invested Success.

Check out this first update of Harrison Painter sharing results in his $10,000 Side Hustle Challenge. In only 3 weeks of working a side hustle using DoorDash I have earned almost $1,000 and have an investment portfolio that includes silver, gold, and Ethereum. How are you doing in the challenge? Resources: OneGold: https://www.onegold.com/ Gemini: https://www.gemini.com/ How the Economic Machine Works in 30 Minutes: https://www.youtube.com/watch?v=PHe0bXAIuk0 Enjoy!

Location: Remotely Date: Thursday 15th July Company: Validus Power Corp, Bitcoin Magazine Role: Bitcoin Strategist, Director of Financial Markets & Research In Ray Dalio's video How the Economic Machine Works, he explains the concept of deleveraging long-term debt cycles. Currently, central bankers have pulled all the levers they can to avoid unwinding the supercycle of global debt, but eventually, something has to give. The final tool that central bankers have to avoid creative destruction is inflation, and it is now a mathematical certainty that a devaluation of fiat currencies is coming. Is the rise of Bitcoin the only logical conclusion to the fiat money system? In this interview, I talk to Bitcoin Strategist Greg Foss and Dylan LeClair from Bitcoin Magazine. We discuss crony capitalism and perpetual bailouts, why debt cycles spell inflation, and how the world will turn to Bitcoin. 

““The reality is that Bitcoin will outcompete every other money going forward...at this point during the monetization process is going to increase 10, 100, 500-fold maybe.”— Dylan LeClairLocation: RemotelyDate: Thursday 15th JulyCompany: Validus Power Corp, Bitcoin MagazineRole: Bitcoin Strategist, Director of Financial Markets & ResearchIn Ray Dalio's video How the Economic Machine Works, he explains the concept of deleveraging long-term debt cycles. Currently, central bankers have pulled all the levers they can to avoid unwinding the supercycle of global debt, but eventually, something has to give.The final tool that central bankers have to avoid creative destruction is inflation, and it is now a mathematical certainty that a devaluation of fiat currencies is coming. Is the rise of Bitcoin the only logical conclusion to the fiat money system?In this interview, I talk to Bitcoin Strategist Greg Foss and Dylan LeClair from Bitcoin Magazine. We discuss crony capitalism and perpetual bailouts, why debt cycles spell inflation, and how the world will turn to Bitcoin. This episode's sponsors:Gemini - Buy Bitcoin instantlyBlockFi - The future of Bitcoin financial servicesSportsbet.io - Online sportsbook & casino that accepts BitcoinCasa - The leading provider of Bitcoin multisig key security.Exodus - The world's leading Desktop, Mobile and Hardware crypto wallets.Ledger - State of the art Bitcoin hardware walletRevolut - A better way to handle your money-----WBD374 - Show Notes-----If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:Become a Patron and get access to shows early or help contributeMake a tip:Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2SQR Codes: BitcoinIf you do send a tip then please email me so that I can say thank youSubscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS FeedLeave a review on iTunesShare the show and episodes with your friends and familySubscribe to the newsletter on my websiteFollow me on Twitter Personal | Twitter Podcast | Instagram | Medium | YouTubeIf you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.

In E105B, Andrew Hines discusses the economic outlook in Canada and focuses on some specifics with respect to picking housing markets that may be better hedged in the event of further economic downturn. With the endless printing of money and the exploding Canadian housing market we Canadians have had some very difficult decisions to make. Where do we put our money? Where do we invest? There is no right answer but Andrew discusses the topics and gives some key questions and concerns to ponder. Listen on Apple Podcast, Spotify, Google, Stitcher and more @ https://linktr.ee/theandrewhines Key ResourcesPodcast Links: https://linktr.ee/theandrewhines Peter Schiff on Joe Rogan: https://open.spotify.com/episode/5jltMsiPKkUHEds5aBTSKz?si=DU-qFwoMRZGbz85e7Zk7Cw Hidden Secrets of Money: https://youtube.com/playlist?list=PLE88E9ICdipidHkTehs1VbFzgwrq1jkUJ How the Economic Machine Works: https://youtu.be/PHe0bXAIuk0 Connect with Andrew Hines oninstagram: https://www.instagram.com/theandrewhines facebook: https://www.facebook.com/theandrewhines Andrew Hines Audio · E105B Canadian Real Estate Market And Economic Outlook With Andrew Hines Music Info, Artist: JPB, Song: High, NCS Release: Feb 1 2015, No Copyright Copyright Free

A little different video but I think the information is important in this video how the economy machine works --- Support this podcast: https://anchor.fm/dc-riley/support

Bloomberg Opinion columnist Barry Ritholtz speaks with Ray Dalio, who is the founder, co-chief investment officer and co-chairman of the world’s largest hedge fund, Bridgewater Associates. Dalio is known for his practical yet unconventional understanding of economics, which he spells out in his video “How the Economic Machine Works.” He's also the author of the New York Times bestseller “Principles: Life and Work.”

From Robert Kiyosaki to Ray Dalio No, unfortunately Ray Dalio hasn't joined Rob & Rob on this week's episode of The Property Podcast. That would have been epic though!  Even Rob B confessed he might not have been able to get through that interview without being starstruck and giggling the whole way through.  However, if you follow Ray Dalio on LinkedIn then you'll have seen he's been sharing some amazing insights via video this year. But they can be quite hard to understand and digest.  So, Rob & Rob have done the leg work for you and are about to summarise what Ray has been saying.  They'll be talking about the US a lot, but what happens there affects the whole world. So stay tuned. Dissecting the thoughts of Ray Dalio on The Property Podcast  Economics can be an absolute minefield when you know aspects of it, but don't completely understand it.  Thankfully it's a topic that The Robs are incredibly passionate about and have kindly dissected Ray Dalio's work into a more digestible version.  Here's what The Robs are discussing on today's podcast, thanks to Ray Dalio:  Debt cycles  The first topic is the short-term debt cycle. This is also known as ‘the business cycle' and it repeats every eight years. This consists of: Debt-driven expansion... Over-optimism… Contraction/recession.   Because these happen so often people tend to understand them pretty well. And it's something that Ray Dalio covers in his popular video, ‘How the Economic Machine Works'. The bigger deal is the long-term debt cycle.  Now this cycle is considered more important but it's more poorly understood and that's because it lasts roughly 75 years.  This is the lengthy one that you're going to want to wrap your head around so you'll want to grab a pen and paper for this part.  The current debt cycle Yes, it's happening right now. So once Rob & Rob have walked you through the different stages of the long-term debt cycle, they're going to put it into real terms.  They're going to take a look at how it's currently playing out, particularly in America, and what stage of the cycle we're at.  What does it mean for us? As well as the long-term debt cycle, Ray describes how global power shifts between different countries over time.  But what does this all mean for us here in the UK?  To find that out, you're going to have to tune into this episode to find out. You may even end up listening to it more than once! Enjoy!   This week's news  This is where we would usually give you a link to a news article and Rob & Rob would discuss (or tear it apart) on the podcast. But this week we're not giving you one.  That's because this week is usually when we have our Market Update episode and The Robs delve into everything that's been going on in the world over the past month.  They've decided to push that back to next week. So, to give you a teaser, you can expect to hear all about the potential of negative interest rates, and why up to 6% of homes in England could be unmortgageable right now.  It's going to be a good one so make sure you tune in next week.   Hub Extra  If today's episode hasn't completely exhausted every brain cell you have, then we've got just the resource tool for you.  Of course, it's Ray Dalio's articles that we've discussed in today's episode.  If you're ready to take your economic knowledge to the next level then these will certainly get you there.   The Property Hub Magazine  As Rob B mentioned in today's episode, if you subscribe to the magazine now you'll be on the list in time to receive the November/December issue.  And yes, he was right, this issue is all about the lessons learnt in 2020 and let's face it, there's been a few!  Naturally it'll tie in with when Rob & Rob review their predictions from the beginning of the year.  There might even be an insight as to what to expect next year. So, if you want to get ahead of the game, make sure you subscribe now!   Let's get social We'd love to hear what you think of this week's Property Podcast over on Facebook, Twitter or Instagram. You might even have a topic you'd like us to cover in the future - if so, pop us a message on social and we'll see what we can do. Make sure you've liked and subscribed to our YouTube channel where we upload new content every week!  If that wasn't enough, you can also join our friendly property community on the Property Hub forum. See omnystudio.com/listener for privacy information.

This week a group of 83 millionaires submitted an open letter asking for higher taxes on themselves and the super wealthy.  Why would a group of people asked to be taxed more?  We discuss some of the issues contributing to economic inequality in America and some statistics on millionaires habits in building wealth. 

Join me today as we discuss more components that involve how the use economy works, particularly how the central bank impacts the economy.      

Do you now understand how the stock market works after listening to the last episode and now you're eager to dive in? Do you still have questions about WHICH stocks to pick and which investment platforms to use? Are you ready to start putting money in the stock market but you're scared of losing money or making a mistake? If so, you're in luck! In today's episode, I'm spilling the tea on which stocks I pick, how they've done, and which apps and platforms I use to invest. And if you listen all the way to the end, I'll even share how you can copy my entire portfolio in one click! Listen now! Join my free upcoming Masterclass all about how to consistently get clients: http://courtneylsanders.com/masterclass Mentioned in this episode: How the Economic Machine Works: https://www.youtube.com/watch?v=PHe0bXAIuk0&t=1160s My Portfolio: https://m1.finance/GXhYs2MR31BN M1 Finance: https://m1.finance/TIjXOfeIOiam Robinhood: https://join.robinhood.com/erinp342 Cash App: https://cash.app/app/LFHNDXR Related Episodes: 111 How to Invest in the Stock Market as a Complete Beginner (Part 1): iTunes: https://podcasts.apple.com/us/podcast/111-how-to-invest-in-stock-market-as-complete-beginner/id1264659520?i=1000475111938 Spotify: https://open.spotify.com/episode/7mcs27cWv6y9M0iksevfIl 110 5 Money Moves to EVERYONE Should Make in the Middle of a Crises: iTunes: https://podcasts.apple.com/us/podcast/110-5-money-moves-to-everyone-should-make-in-middle/id1264659520?i=1000472948353 Spotify: https://open.spotify.com/episode/0pq2b8nU859DZGoJ1E2D3B Want to know the system I used to rapidly grow my business and quit my job? Find out more here: http://courtneylsanders.com/masterclass Follow me on instagram! https://www.instagram.com/courtneylsanders/

Economics 101 -- "How the Economic Machine Works." Created by Ray Dalio this simple but not simplistic and easy to follow 30 minute, animated video answers the question, "How does the economy really work?" Based on Dalio's practical template for understanding the economy, which he developed over the course of his career, the video breaks down economic concepts like credit, deficits and interest rates, allowing viewers to learn the basic driving forces behind the economy, how economic policies work and why economic cycles occur. To learn more about Economic Principles visit: http://www.economicprinciples.org. [Also Available In Chinese] 经济这台机器是怎样运行的: https://www.youtube.com/watch?v=-ZbeYejg9Pk [Also Available In Russian] Как действует экономическая машина. Автор: Рэй Далио (на русском языке): http://youtu.be/8BaNOlIfMLE For more from Ray: Principles | #1 New York Times Bestseller: https://amzn.to/2JMewHb Buy his new book, Principles for Success: https://amzn.to/34lgnNJ Connect with him on Facebook: https://www.facebook.com/raydalio Follow him on Twitter: https://www.twitter.com/raydalio Follow him on Linkedin: https://www.linkedin.com/raydalio Follow him on Instagram: https://www.instagram.com/raydalio/ Download his free iOs app: https://principles.app.link/PFS https://m.youtube.com/watch?v=PHe0bXAIuk0

Did you panic this week? Clayton did not but he did have a close call amid the turmoil. He discusses the economic impact of the coronavirus (Covid-19) and specifically how it affected the currency and stock exchanges, the cursed EURAUD pair, and how he spots overbuying.   Schedule a free call at AllenFX.com today! How the Economic Machine Works by Ray Dalio   © 2020 AllenFX LLC.  All rights reserved.

In this episode, we're looking at a small quote from "How the Economic Machine Works by Ray Dalio" and analyzing whether the rules still apply if you're doing business online. Just know that this episode is NOT INTENDED to discredit or pick apart the original video in ANY way. Instead, our goal was simple to show people that online business is sort of like "cheating" because you can create income without the need for massive amounts of capital. The infrastructure is already pretty much in place! The original video is very educational and engaging, so I suggest watching it before and/or after this one for some context.   ABOUT US Joe and Mike Brusca own and operate a digital portfolio of over 10 websites including 4 high ticket dropshipping stores. The duo have created over 6 high ticket dropshipping stores, all in operation and profitable. 2 have been sold for a total of over $200,000. You can get their FREE COURSE at BuildAssetsOnline.com/PlayBook

Turmoil in the market can be difficult to navigate especially when two superpowers are jockeying for position.  Clayton wants you to manage your trades better and stay focused on your rules. Check out these links referenced in today's show: How the Economic Machine Works by Ray Dalio PMI Releases Forex Economic Calendar Goods Trade Balance  

Varför ska man spara? Vad finns det för olika investeringsstilar? Vad är kvantitativa värdeinvesteringar? Det är vad vi tar upp i detta avsnitt där vi går igenom investeringar och närmare bestämt kvantitativa värdeinvesteringar. Vi går in på varför vi började spara och varför det är viktigt att spara. Sen går vi in på poddens huvudtema och diskuterar olika investeringsstilar, beskriver vad det innebär att investera kvantitativt, vad kvantitativa värdeinvesteringar är och varför det fungerar. Dagens spaning: - How the Economic Machine Works av Ray Dalio - How the Economic Machine Works (video) Länkar: - Börslabbets studie: Vad fungerar på Stockholmsbörsen? - Investerarysikern: Investera systematiskt och slå börsen - Quantitative value investing (Wikipedia) - Joel Greenblatt på Talks at Google - Warren Buffett (Wikipedia) - FIRE movement (Wikipedia) - Big Debt Crises av Ray Dalio - Hennings recension av Big Debt Crises Vi har för närvarande inga externa samarbeten och alla åsikter är våra egna. Inget vi pratar om är någon typ av investeringsrekommendationer. Medverkande i avsnittet: - Henning Hammar, driver tjänsten Börslabbet, doktor i fysik, @investerarfys - Daniel Constanda, IT-konsult i finansbranchen på Clara Financial Consulting, @DanielConstanda - Martin Nordgren, ingenjör på Tobii, tidigare på Dirac, @martinjnordgren Kontakta oss:dataspaning.se @dataspaning @ Twitterdataspaning@gmail.com

Ray Dalio produces this simple but not simplistic and easy to follow 30 minute, answers the question, "How does the economy really work?" Based on Dalio's practical template for understanding the economy, which he developed over the course of his career, the video breaks down economic concepts like credit, deficits and interest rates, allowing viewers to learn the basic driving forces behind the economy, how economic policies work and why economic cycles occur. video Source: https://www.youtube.com/watch?v=PHe0bXAIuk0 Economic freedom is political freedom. God Bless.

Bloomberg Opinion columnist Barry Ritholtz interviews Ray Dalio, who is founder, co-chairman and co-chief investment officer of the world’s largest hedge fund, Bridgewater Associates. Dalio has been a global macro investor for more than 45 years, having started Bridgewater out of a two-bedroom apartment in New York City in 1975. He is known for the practical yet unconventional theory of economics he spells out in his video series "How the Economic Machine Works," and is the author of the New York Times bestseller "Principles: Life and Work." His newest book, "Principles for Navigating Big Debt Crises," was published this month. 

Search for the video on YouTube. Enjoy :) --- Support this podcast: https://anchor.fm/momoneymoproblems/support

In today's episode of The Art of Passive Income, Mark and Scott talk with Jennifer Beadles—REIMillionaire.com. She's done it all when it comes to real estate! Jennifer, who's both a realtor and investor, learned the ropes through a land developer and her passion grew from there. She learned everything that goes into building homes, plus rehabs, rentals, financing, and budgeting! Through hard work and saving, Jennifer bought her first property at age 21 to turn into an investment property… great idea but at the wrong time during the onset of the crash in 2007. And while that one didn't work out the way she planned, she continued her journey with real estate investing and now mainly focuses on value-add properties. Jennifer proves to be an overachiever as she has also created 22 different income streams in seven years—from hard money lending to cryptocurrency. Join us as Jennifer walks us through her incredible journey, including: Creating income streams Her favorite income stream Her best investment Opportunity today And, so much more! Plus, what misconception do people have about house flipping that is portrayed on TV? Listen in for all the details! TIP OF THE WEEK Mark: Watch the video, How the Economic Machine Works.  Learn more about Jennifer and her 1.2 million income streams at REIMillionaire.com. It's a plethora of knowledge and information. Scott:  Check out DreamyPixel.com. If you enter your email address to their lead magnet, you're going to get access to a boatload of beautiful, free landscape images that you can use in your deals of the week, your ads, maybe for your website. Jennifer: Watch “The Big Short” either for the first time or re-watch it. It's a phenomenal reminder. Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

Del två av fyra i vår sommarserie om legendariska investerare. Denna vecka berättar vi om Ray Dalio som driver världen största hedgefond. Vi berättar om deras olika modellportföljer, Dalios livsfilosofi och hans nycklar för att förstå världsekonomin. How to Economic Machine Works: https://www.youtube.com/watch?v=PHe0bXAIuk0 Principles for Success: https://www.youtube.com/watch?v=B9XGUpQZY38 Veckans sponsor: Evendo Podden görs i samarbete med IPO.se Följ oss på Twitter: twitter.com/marketmakerspod Följ oss på Facebook: www.facebook.com/marketmakerspod/ Musik i detta avsnitt: - Loxbeats - Artificial Music - D.NZ.L - Lakey Inspired - DJ Quads - Meluran - S Strong - Justin Seven - Joakim Karud See acast.com/privacy for privacy and opt-out information.

When investing in property, understanding how the economy works is just as important to your long term success as finding your target area, gaining finance or doing building work.   And few people understand how the economy works better than Ray Dalio.  Among numerous other things, Ray is a billionaire investor, hedge fund manager and philanthropist.  He's also the creator of the absolutely brilliant and essential video “How The Economic Machine Works” (it's also really worthwhile checking out Ray's Youtube page too!).   We can't recommend this video enough.  We strongly urge everyone to check it out.  It's only 30 minutes, but could really help you for years to come.  In this episode, we summarise Ray's thoughts and illustrate how they apply to property investment. NEWS THIS WEEK In the news this week, it appears that our predictions continue to come to fruition.  Central London property prices are falling. While £600,000 off a home in Mayfair may seem like a drop in the ocean, it's that drop that's the beginning of the ripple effect.  You can find out more here. JOIN THE CONVERSATION OVER IN THE FORUM Share your stories with us - Join the conversation in the forum. IF YOU ENJOYED THE PROPERTY PODCAST, PLEASE LEAVE A REVIEW ON ITUNES Reviews are really important in helping other people to find the show, so by way of thanks we read out every single review we receive on air. If you'd like to hear your name on the show, leave us a review on iTunes here. Not sure how to leave a review? This video shows you how to review and subscribe on iTunes. See omnystudio.com/listener for privacy information.

Why does productivity matter? 1. You enjoy life more 2. You know how to get the right things done 3. Minimize regret "Do all that you can to raise your productivity, because in the long run thats what matters most.” - Ray Dalio (Youtube Video: How the Economic Machine Works) https://youtu.be/PHe0bXAIuk0 Instead of looking for short bursts of productivity Instead, look for ways to make small incremental steps everyday to be more productive. Play the long game. Why is productivity so hard? 1. We are all a little bit lazy. 2. We need to spend time connecting to our vision of our future. 3. Its hard work but its worth it! Whats the secret to success? Don’t copy successful people, do the opposite of unsuccessful people! Here are the 5 things to avoid! 1. Working to much 2. Worry to much 3. Being to hard on yourself 4. Neglecting your personal education 5. Hating rules Feel free to email me at info@takechargeofchange.com to start a conversation on resiliency training for your team. Click the following link to grab your free copy of The Resilient Professional eBook... http://takechargeofchange.com/

Bloomberg View columnist Barry Ritholtz interviews Ray Dalio, chairman and chief investment officer of the world’s largest hedge fund, Bridgewater Associates. Dalio has been a global macro investor for more than 45 years, having started Bridgewater out of a two-bedroom apartment in New York City in 1975. He’s also the author of the New York Times bestseller "Principles: Life and Work," and is known for the practical yet unconventional theory of economics he spells out in his video series "How the Economic Machine Works."

I think you are going to love this episode! What I’m excited to share with you today is the audio portion of one of the greatest videos ever produced that explains how the economy works. More specifically, it’s titled “How the Economic Machine Works”.  The 30-minute video was produced and narrated by Ray Dalio. Who is Ray Dalio? Ray Dalio is an American businessman and the founder of the investment firm Bridgewater Associates. He is one of the wealthiest people on the planet, with an estimated net worth of $15.4 billion (Forbes, 2015). And Time magazine considered him one of the Top 100 most influential people in the world. I reached out to Ray last week and asked him if I could share his great explanation with my listeners, and he graciously agreed. Ray says that an economy is simply the sum of the transactions that make it up. A transaction is a simple thing. Because there are a lot of them, the economy looks more complex than it really is. Instead of looking at it from the top down, it’s much easier to understand if we look at it from the transaction up. Regardless of how important the economy may be to you, I think having a basic understanding of it will make you a smarter investor. And having a better understanding of it will help make you far more successful in all your financial and investment decisions. I’m sure many of you will want to listen to this episode more than once because of the amount of content packed into this audio-only reply. My suggestion is to listen to it at least once, then click the link in the show notes to watch the animated video. The animations give it another dimension that helps you visualize and better understand the concepts. So don’t feel overwhelmed if this is your first time hearing this. Plus, Ray shares his three rules-of-thumb that you can take away and apply to your own personal economy. Now, just sit back and enjoy this audio-only portion of “How the Economic Machine Works”. If you missed our last episode, be sure to listen to Viewing Properties Just Got Easier – WeGoLook. – – – – – – – – – – – – – – Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing. Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how. See our available Turnkey Cash-Flow Rental Properties. Please give us a RATING & REVIEW (Thank you!) SUBSCRIBE on iTunes | Stitcher | Podcast Feed Enjoy the show! Learn more about your ad choices. Visit megaphone.fm/adchoices

#35: Ray Dalio, Founder and CEO of the Bridgewater Associates investment firm with his brilliant work, “How The Economic Machine Works”. Listen to this week’s show and learn 1:47  Definition of “economy.” 2:00  Produce more than you consume. 5:59  “How The Economic Machine Works”   Resources mentioned: You Tube video “How The Economic Machine Works”: here. Written .pdf document “How The Economic Machine Works”: here. Ray Dalio Wikipedia Page: here. TheLandGeek.com/GRE MidSouthHomeBuyers.com New! Check out the beta version site at GetRichEducation.com Download the GRE Android App at Google Play and keep the GRE icon right on your phone’s home screen! We would be grateful if you wrote a review! Here’s how to write one at: iTunes, Stitcher, and Android.  

In a break from the traditional format of the Creating Wealth Show, today features the audio version of Ray Dalio's educational and informative video How the Economic Machine Works. Dalio discusses a range of topics in-depth to provide a full overview of how the economic machine functions – just a few examples are the inflation/deflation model, de-leveraging and the difference between credit and actual money.     Key Takeaways 01.24 – The premise for today's show is to gain an insightful overview of economics, thanks to Ray Dalio. 08.45 – The amount of free, available education options really question why students pay so much for a College degree. 11.27 – Transactions are the lynchpin – they create the three forces which ultimately drive the economy. 14.37 – The main difference between borrowers and lenders is that the former want to buy something they can't afford, while the latter want to make money into more money. 21.13 – Credit doesn't necessarily have to be a bad thing; when the purchases can be used to create income it can be a positive, growth-creating technique.  22.53 – Ray Dalio takes us through his interpretation of the inflation/deflation cycles.  26.35 – Debt repayments and changing credit-worthiness are issues which have an effect worldwide.  32.07 – Because you can't always guarantee that a borrower won't default on their loan, so debt-restructuring is sometimes a necessary step.  38.00 – Printing money can have a positive effect on the economy, but it has to be done very specifically.     Mentioned in this episode   How the Economic Machine Works by Ray Dalio

We hope LMM  is your go-to place for all things personal finance but there are other resources available. We share some of our favorites. Podcasts APM Marketplace:  News on business, money, and economics. Stacking Benjamins:  Our buddy Joe!  If you like LMM, you’ll love this podcast.  Joe was a recent guest on Episode 81. Books The Simple Dollar:  Trent Ham’s guide to wiping out debt. I Will Teach You to Be Rich:  Ramit Sethi’s book for young people at the start of their personal finance journeys. The Richest Man in Babylon:  Personal finance taught through fables by George Clason. Wildcat Currency:  Recent guest Professor Edward Castronova’s new book on digital currencies. The Intelligent Investor:  Written by Benjamin Graham, Warren Buffett’s mentor.  Can’t get much better PF bona fides than that. The Four Hour Work Week:  Tim Ferriss’ first book which has evolved into a wildly successful series. Blogs Get Rich Slowly:  We’ve interviewed founder JD Roth and writer Kristen Wong.  One of the first successful PF blogs and still a major player. Jim Collins:  The inspirational proponent of “eff you money.”  His blog is hidden but we found it for you! Ready for Zero:  Great friends of LMM’s.  If you’re in debt, they’ll get you out.  We spoke to Claire in Episode 42 about this invaluable service. Financial Samurai:  Reach financial independence sooner. Mr Money Mustache:  Early retirement through extreme frugality. Tools Mint:  Our favorite budgeting tool.  If you’re a beginner to PF, this is the place to start. Betterment:  LMM’s favorite investing tool for beginners. Movies Maxed Out:  A documentary about predatory lending practices. How the Economic Machine Works:... Learn more about your ad choices. Visit megaphone.fm/adchoices

The following conversation took place at Harvard University. Former U.S. Treasury Secretary, Larry Summers invited Ray Dalio, founder and chairman of Bridgewater Associates, the world’s largest hedge fund, to discuss Dalio’s unique views on economics. The conversation is based off of Dalio’s 30-minute animated video entitled “How the Economic Machine Works” which is available on YouTube and at http://EconomicPrinciples.org.