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The Daily Motivation

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

The Daily Motivation

Lewis Howes

Education, Self-improvement

4.8960 Ratings

🗓️ 16 April 2026

⏱️ 8 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.

0:10.3

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

0:15.5

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

0:22.7

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

0:26.4

So look at how much you're spending, okay, and then say, how much do I need?

0:30.6

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

0:34.2

because it may go down rather than go up.

0:41.3

So, okay, now, do I have a year spending? You start there.

0:42.3

Then you start to think, what are the things that are most important for me?

0:47.3

Like, and then you start with your business or your residents

0:52.3

that have a symbiotic relationship and that you know well.

0:57.1

If you'd start with your business, okay, you're closer to that, investing in yourself

1:02.1

with whatever that may end up being.

1:04.9

That may be your best investment.

1:07.0

I really think there's something good about your home, a basic thing about your home, because it's nice forced savings.

1:15.4

It also means you fix it up, you're saving you find out there's, oh, well, if I add this thing or that thing, and you're enjoying it.

1:25.5

So when you're enjoying it and you're controlling it and it's

1:29.1

yours and so on, that's pretty good. And if, you know, if they keep mortgage tax deductions and

1:34.9

so on, you know, there might be some benefits to it also. Okay. But that's not a black and white

1:40.9

answer. You know, so you could take a short pencil and say, is it better

1:44.9

to rent or buy? Okay, that's a different question. But by and large, am I going to move,

1:50.6

you know, all of those other questions? So when you start with, okay, what is it that's close to

...

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