How the Economic Machine Works – Ray Dalio | PREI 038

Passive Real Estate Investing

Real Estate Investing with Marco Santarelli, Investor and Entrepreneur.

Education, Business, Investing, Entrepreneurship, How To, Business:investing

4.6 • 968 Ratings

🗓️ 24 March 2016

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

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

Transcript

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0:00.0	Welcome to passive real estate investing the show where busy people like you
0:04.7	learn how to build substantial passive income while creating wealth for the long term
0:09.2	and now here's your host Marco Santorelli.
0:13.0	Welcome to Passive Real Estate Investing.
0:15.0	I'm your host, Marco Santorelli.
0:18.0	I think you're going to love today's episode.
0:20.0	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.
0:28.0	More specifically it's titled how the economic machine works.
0:32.0	The 30 minute video was produced and narrated by
0:35.2	Ray Dahlio. Who's Ray Dahlio? Well Ray Dahlio is an American businessman but
0:40.4	he's also the founder and more well known for his investment firm or hedge fund,
0:44.8	Bridgewater Associates.
0:46.5	He's actually one of the wealthiest people on the planet with an estimated net worth of 15.4 billion dollars according to Forbes and that was a recent
0:55.2	number and Time magazine actually considered him one of the top 100 most
0:59.2	influential people in the world so 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 the economy is simply the sum of all the transactions that make it up, and a transaction is a
1:15.0	simple thing because there are a lot of them the economy looks more complex than it really is
1:20.0	so instead of looking at it from the top down, it's much easier to understand if we look at it from the transaction up.
1:27.0	Regardless of how important the economy may be to you, I think having a basic understanding of it will make you a smarter investor
1:34.8	and having a better understanding of it will help make you a far more successful investor
1:40.2	in all of your decisions, whether financial or otherwise.
1:44.3	So I'm sure many of you will want to listen to this episode more than once because of the
1:48.2	amount of content that's packed into the audio only portion that I'm going to play for you here in a minute.
	...

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