How the Economic Machine Works

Posted on December 30, 2012 - 11:46 pm by James Hendrickson

If you’re interested in an alternative basic primer on how the economy works, check out Ray Dalio’s How The Economic Machine Works.

In case you don’t know Ray Dalio, the New Yorker has called him “preposterously rich“, and indicated he earned something like 2 billion dollars in 2010. He has also been cited by Time Magazine as one of the world’s 100 most influential people and his hedge fund Bridgewater Associates has 122 billion in assets under management.

He probably knows something you and I don’t.

Best,

James

Here are some simple guidelines for DINKS to build wealth:

1) Collaborate: Meet regularly to talk about money, set goals together, track and monitor them.

2) Understand and respect your partner. Take time to understand your partners values about money.

3) Watch the numbers. Get a budget, monitor your spending and track your net worth.

4) Max your retirement. Maximize contributions to your tax deferred retirement accounts.

5) Invest in stock. Stocks perform better than bonds or cash.

6) Avoid high interest debt. Credit cards and title loans are financial cancer.

7) Diversify. Don't put all your eggs in one basket.

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How the Economic Machine Works

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