4.3 • 602 Ratings
🗓️ 12 June 2015
⏱️ 38 minutes
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#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.
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0:00.0 | Get Rich Education is brought to you by Mid-South Homebuyers and the landgeek.com. |
0:11.0 | Welcome to Get Rich Education with Keith Weinhold, giving you information and ideas on the investment that has turned more ordinary people into millionaires and billionaires than anything else and can provide you with more wealth and happiness than you ever thought possible now here's your host investor entrepreneur business owner and educator Keith Weinhold. You're listening to Get Rich Education. This is |
0:44.9 | episode 35. Welcome in. I'm your host Keith Weinhold. Here's hoping that you've lived an abundant |
0:51.5 | week experiencing your highest return on time invested. |
0:56.5 | Well, as usual, with the new release here, I hope your return on time invested is about to |
1:02.6 | increase some more. I've got, I guess, somewhat of a special show for you today, a different |
1:09.3 | show anyway. |
1:11.1 | It's a presentation of Ray Dalio's How the Economic Machine Works. |
1:16.4 | It's just such a terrific overview of the economy. |
1:21.5 | Now earlier I went through the process of seeking permission to play this for you this week |
1:25.7 | because I really want you to understand |
1:27.7 | how the economy works, the economy that you live in, the economy that you breathe in, invest |
1:34.5 | in, buy a head of lettuce in, and that you extend credit with and expand debt within |
1:42.1 | every day of your life, really. |
1:45.0 | An economy by definition is wealth and resources, |
1:49.0 | especially in terms of the production |
1:51.0 | and consumption of goods and services. |
1:55.0 | Now, on prior shows, I've often discussed |
1:58.0 | how I do want you to consume well. Yeah, that can be part of |
2:05.8 | living well, but keep the production in your personal economy ahead of consumption, produce |
2:12.0 | greater than you consume, and produce prior to consuming too, typically, invest prior to consuming. |
2:20.3 | Now, you will probably think about your personal economy a lot as you listen to this. |
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