Hi All,

If you are looking for a refreshing break from most of the drivel the internet media dishes out, you might consider checking out Ray Dalio’s “Principles“.  Dalio is an interesting and remarkable guy.  He is one of the world’s richest men and chief of the Bridgewater Hedge Fund.  In 2010 his fund earned more than $15 billion.  Those returns are greater than the 2010 profits of Google, Amazon, Yahoo, and eBay combined and have vaulted Bridgewater into one of the world’s largest hedge funds.  This is an incredible achievement when you consider that his firm was started in his living room in 1976 with no employees.

Anyone who can start from zero and generate 15 billion dollars is probably worth hearing from.

Dalio’s philosophy is somewhat controversial, but rather than summarize it here, I’ll just point you to his book, and have you check it out yourself.

Best,

James


This entry was posted in DINKS Reality, Economics, Economy, Other, Wealth by James Hendrickson. Bookmark the permalink.

Avatar photo About James Hendrickson

James Hendrickson is an internet entrepreneur, blogging junky, hunter and personal finance geek. When he’s not lurking in coffee shops in Portland, Oregon, you’ll find him in the Pacific Northwest’s great outdoors. James has a masters degree in Sociology from the University of Maryland at College Park and a Bachelors degree on Sociology from Earlham College. He loves individual stocks, bonds and precious metals.

MANAGE YOUR MONEY TOGETHER

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.

Couples Finance

Blogs You Should Read

Companies Supporting The DINKS

Please consider visiting our gracious supporters:

Get an education with the Online Certificate Programs at Washington Tech