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The Daily Motivation

Where You Should Invest Your Money TODAY To Become a Millionaire | Ray Dalio EP 410

The Daily Motivation

Lewis Howes

Education, Self-improvement

4.8960 Ratings

🗓️ 22 October 2023

⏱️ 9 minutes

🧾️ Download transcript

Summary

Ray Dalio, a renowned figure in the financial world, shares his expertise on smart investments to increase one's chances of becoming a millionaire. He discusses strategies for allocating funds in areas such as stocks, real estate, and other assets, highlighting the importance of sound financial planning and disciplined decision-making.

Transcript

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0:00.0

Hi my name is Lewis Howes and welcome to the Daily Motivation Show.

0:07.0

Calling all conscious achievers who are seeking more community and connection, I've got an imitation for you.

0:17.0

Join me at this year's Summit of Greatness, this September 7th through 9th, in my hometown of Columbus, Ohio to unleash your true greatness.

0:26.4

This is the one time a year that I gather the greatness community together in person

0:31.6

for a powerful powerful transformative weekend.

0:34.0

People come from all over the world and you can expect to hear from inspiring speakers like

0:39.0

Inky Johnson, Joshpry Singh, Vanessa Van Edwards, Jen, Censhero, and many more.

0:45.0

You'll also be able to dance your heart out to live music, get your body moving with group workouts,

0:51.0

and connect with others at our evening socials.

0:53.7

So if you're ready to learn, heal, and grow alongside other incredible individuals

0:58.3

in the greatness community, then you can learn more at Lewishouse.com

1:02.1

slash Summit 2023.

1:05.0

Make sure to grab your ticket, invite your friends,

1:07.6

and I'll see you there.

1:12.2

What have you found are the top places that people should be investing?

1:17.0

First, calculate how many days, weeks, months, or years, you can live on your saving.

1:24.1

Because when you do that, you'll gain security.

1:27.7

So look at how much you're spending, okay,

1:30.1

and then say, how much do I need?

1:32.0

And whatever that number is, you going to need more than that because

1:36.5

it may go down rather than go up so okay now do I have a year spending? You start there. Then you start to think what are the things that are most important for me like and then you start with your business or your residents that have a symbiotic relationship and that you know well.

1:58.4

If you start with your business, okay, you're closer to that, investing in yourself with whatever that may end up being.

...

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