How To Get Rich According To Ray Dalio
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- čas přidán 19. 06. 2024
- There are a million ways to make a million dollars.
In this video, we're looking at how Ray Dalio does it.
Get the app: www.alux.com/app
00:00 - Intro
00:41 - Understand the Economic Machine
01:50 - Use the 5-Step Process to Get What You Want Out of Life
03:28 - Don’t Confuse What You Wish Were True with What is Really True
04:43 - Understand the Power of Compound Interest
05:30 - Diversify Your Investments
06:34 - Learn How to Convert Your Earnings into Wealth
07:43 - Stress-Test Your Ideas
08:51 - Know When to Cut Losses
09:57 - Don't Let Fear of Mistakes Stop You from Taking Risks
10:57 - Embrace Reality and Deal With It
11:51 - Adapt To The Cyclical Nature Of The Economies
12:36 - Maintain a Long-Term Perspective
13:30 - Be Flexible And Adaptable
14:13 - Understand the Principles of Successful Negotiation
14:55 - Ensure that Those Who Work with You Understand Your Expectations
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Ray Dalio is a blessing to many. I achieved success with easy steps below.
Many need to know this. A known podcast in the US taught me how the rich seek the ideas of FinanciaI ConsuItants to help earn success. That’s the secret the rich don’t teach you. I took this step and my finance breathes so good now 🤑
To acquire success, you need the help of a FinanciaI consuItant. I engage in a variety of lnvestments with the ideas of my consuItant and have acquired great returns so far. (the amount is confidential).
for further lnquiry about my financiaI, consultant, you can look up her full name below
•Isabelle Chloe Scott•
Opportunity is a scarce commodity. I will partake in this; there’s no limit to what you can achieve in life (including success) if you put your mind to it. Luckily I stumble into this.
I think I'm blessed because if not I wouldn't have met someone who is as spectacular as Expert Mrs Lucy Mary Liam. Though I started with $1000 but it was successful, it's been four months since I started investing with her and it's been a great experience
The future belongs to those who believe in the beauty of their dreams. Success is a state of mind. I start investing my cash in other to achieve all my dream with the help of Lucy Mary Liam. The difference Mrs Lucy Mary make in my life is second to none. It's definitely a life changing kindness. I really appreciate her effort in my life time.
Wow I'm just surprised someone mentioned Expert Mrs Lucy Mary Liam I thought I'm the only one trading with her. I also trade with her and i earn $5,000 every week, all my family have been trading with her and making profits, we love you Mrs Lucy Mary
Ever since I lost my job with the ministry I have been surviving through my investment with Mrs Lucy Mary Liam, I'm so glad I invested when I did. My first experience with Mrs Lucy Mary Liam give me the assurance to invest the more with her without the fear of losing
She's awesome.
After I came across bitcoin trading platform of Mrs Lucy Mary Liam my financial life has totally changed
Hit $200k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started with $20k in September 2023
Admittedly, I am new to tradlng, but the S&P is in a bull, inflation is going down steadily, interest rates aren't being raised at the moment., i heard about people earning and making more profits this period, I have approximately $250k stagnant in my port_folio that needs growth. What is the best way to take advantage?
An obvious way to invest for a recession is to buy shares in businesses that are likely to experience steady demand even in a downturn. Typically, those are consumer staples, utilities, and healthcare companies, but off course such decisions cannot be made by an average Joe, a financial advisor is important in making this decisions
@@jonathanburtnick Couldn’t agree more Jonathan, I've been in constant touch with a fiinancial-analyst since covid . These days, it's really easy to buy into trending stock's, but the task is determining when to buy or sell. My advisorr decides entry and exit commands on my portfoliio, I've accrued over $550k from an initially stagnant reserve of $150K
@@EmiliaAbelard That’s impressive! I need guidance so i can salvage my port_folio due to the massive dips and come up with better strategies. How can i reach this advsor?
@@dianarabbanii2 Credits to 'Viviana Marisa Coelho' she has a web presence, so you can simply just search for her.
@@EmiliaAbelard I looked up Viviana Marisa Coelho online and researched her accreditation. She seem very proficient, I wrote her detailing my Fin-markt
I have been disabled since 2009 and I am 58 years old at the verge of retirement. My portfoliio of $750k is down to $492k, How can I profit from the present market" , I mean I've heard of people making upto $250k in couple weeks during this crash and I'd like to know how.
For the average citizen, the tactics are rather demanding. In actuality, most of them are effectively completed by experts who possess the necessary knowledge and skill set to carry out such occupations.
It comes down to technique; a downtrend gives you room to focus on the market and grow significantly in the short or long term. While it is easier to make money when the market is rising, a downtrend can still yield high returns if you have the necessary knowledge and skills. For this reason, I have been scaling up during this difficult period by working with an investment advisor; this has been the only way I have raised up to $150K in the last six months.
in as much as my knowledge of the business is limited, it seems that this is the ideal time to enter the market based on my understanding of supply and demand in the economy. The consistent price variations, which shouldn't be an issue, are the only thing stopping me. But I really need a counselor; could you please assist me?
One of the fiduciaries I deal with is Alicia Ann Jordan. Just check the name. There would be a letter with the necessary information to set up an appointment.
Thank you! I checked out Alicia Ann Jordan's credentials on her website and it seems quite good! Hopefully, she's taking in fresh applicants because I sent her an email.
The truth is with this recent economy Everyone needs more than their salary to be financially stable. The the best thing to do with your money is to Invest it rightly because money left for saving always end up used with no returns....
@JustinMcBride001
Thank you for this amazing tip. I just looked the name up, wrote her explaining my financial market goals.
please tell us how to use this recession to make gains! grew my reserve of $110k to over half-a-million dollars between Dec. 2007 and Aug.2008, but the market is different now.
there are loads of ways to make a killing right now, but such high-volume near impeccable trades can only be carried out by real-time experts.
@@Dannyholt33 With the inflation, the stock isn't going to be raking in huge gains. It wouldn't be a bad time to BUY it, just don't expect big gains from it for a while. I'll buy once things start looking up in all those trouble areas..until then, too much turbulence for me.
I'm sure the idea of a portfolio-managers might sound controversial to a few, but a new study by investopedia found out that demand for Portfolio-Managers sky-rocketed by over 41.8 percent since the pandemic and based on firsthand encounter I can say for certain their skillsets are topnotch. I've raised over $400k within 18months from an initially stagnant portfolio worth of 150K which was devoid of dividend stocks. These are the high-volume traders.
"Colleen Rose Mccaffery'' is my manager, She has been of great help and her tutelage has brought me to a higher understanding of profit generation. You can look up her name on the net for her page and reach out. Understands the job perfectly.
When you invest, you're buying a day you don't have to work
Assets that can make you rich
Bitcoin
Stocks
Real estate
You're right Sir, it's obvious a lot of people remain poor due to ignorance, it's better to take risks and make sacrifices than to remain poor
At first I was scared,I started with 500 dollars but now am making profits with her. All thanks to her and her great methods.
Her availability is open on (Face book) 👇
(Margaret Tahoma) 😊
Successful people don't become that way overnight. What most people see at a glance wealth, a great career, purpose is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life....
You are right, to be a successful person in life require him or her of hard work and time
The thing about been successful is working toward it and not going the other way round
You are right. Been thinking of going into gold and cyptocurrency
It's obvious everyone is doing this online Investment
@@vickia.weaver7488 I totally agree with you it has been an eye-opening experience for a lot of people.
THE BEST VID IN THE SERIES SO FAR. VERY WELL-MADE 👏👏👏👏👏
I agree with you
Dalio says “Taken together, these principles are meant to paint a picture of a process for the systematic pursuit of truth and excellence and for the rewards that accompany this pursuit.
Very practical and useful content 👍❤it
Meaningful work, meaningful relationships.
The insider is speaking…
In light of the impending recession and the fact that inflation is still far higher than the Fed's 2% target, several of the most prominent market analysts have been expressing their views on how terrible they believe the next downturn will be and how far stocks may have to fall. I need advice on what investments to make because I'm attempting to create a portfolio for my children that will at least be $800k in value
I invests and earn by following my Coach's instructions. My advice is to get a professional who will help you invest , plan and enhance your management skills. For the record working with Isabelle Chloe Scott, has been an amazing experience.
Only a good FA will be enough to guide you through the current market volatility. I've been speaking with an advisor for a while now, primarily because I don't have the necessary expertise or stamina to handle these recurrent market conditions. The fact that I made over $300,000 during this downturn proved that there is more to the market than the typical person is aware of. The greatest course of action right now is to have an investing consultant, especially for people who are nearing retirement.
There are many interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire
wow! I just look this person up out of curiosity and I'm super impressed with her qualifications.thanks for sharing
I need to get to the top 0.001 I starting a habit and good mindset I wish you all luck.😊
What are the pro vs cons of talking about your ideas?
I had wait for bonus but it's fine I got valuable knowledge keep working I am keep learning and executing ❤
Great video and ideas.
Now being 62 it took time and commitment to reach my goals.
Best to all.
It’s never too late. I’m 31 and embarrassed for not being successful yet. As long as you can think you can become successful. Goodluck
@@samricher I am successful. Never beat yourself up at age 31. To be honest I did not really start investing until age 33 but learned a lot and I pray that you take the slow wealth journey and also enjoy life now. Pay yourself first (your future), watch your spending, and try to figure out where you may be bleeding money (ie subscription you do not use, your thermostat settings, water consumption, impulsive buys, etc). Most people I know could be rich with only a change in habits).
No kidding and best of luck.
@@dipaknadkarni62 thank you man! Much appreciated
The best formula for investing is 33% VOO-33% SCHD- 33%QQQM.
How about Emil Anton 🙂
HUGE fan of Ray! Read Principles and watched everyone of his COMMON SENSE videos!
Stephen Schwarzman
Sounds like MasterClass… 😂
Please do Oprah next.
you should add back "The home of future Billionaires" into the intro
Cool video, thank you. I recommend that you do Aliko Dangote followed by Bernard Arnault. 👍🏿💯
ROBERT KIYOSAKI
No Toilet Paper, No Towels and reduction of Housekeeping services… Is this a sign?! Could Marriott or any other HOTEL businesses go DOWN HILL with high interest rates and in today’s economy?!
True and recent story:
I work for one of the many Marriott Franchise business in the Disney Resort Hotel, FL. The owner of our franchise used to brag that we are one of the biggest properties in the USA with almost 500 rooms … located at an area called Flamingo Hills crossings, we are the closest Marriott franchise to Disney Entrance.
It started about a month ago when our management team shared that in the next day or two we would “SWITCHING” housekeeping to a different company - which in reality only meant a “CUT in HOUSEKEEPING SERVICES” because we fired a bunch of house keeping people (probably undocumented due to DeSantis new law on immigration) - The only people left were a few housekeeping supervisors and managers… plus a handful of new workforce the “NEW”Housekeeping company brought in…
It all happened overnight and had major impact on the already low hotel service offered with the “EVERY OTHER DAY HOUSEKEEING” for our guests.
And surely enough, just about a week after the changes there was an increase of guest’s COMPLAINTS about disgusting stinky rooms, dirty sheets and beds, and of course more bugs (ants, roaches and bedbugs) during their stay!
And I am taking about the week of Memorial Day holiday, when hotels are at full capacity and sold out most of the days…
We survived the Memorial Day week but next thing was, as the hotel occupation started ramping up as expected for the summer time, the shortage of supplies became more evident and the managers with covering up excuses (lies) about the shortage of toilet paper, trash bags, laundry detergent to wash the hotel’s towels, office supplies towels, etc…
Not to count, maintenance issues with AC’s and appliances not being fixed in the rooms and the the shortage, increase of work load and pressure to ensure no OT… our restaurant didn’t have a cook, front desk staff that are on salary having to stay late to do laundry towels…
A complete operation DISASTER that fortunately, to the Marriott and Hotel business, many guests don’t complain about either because:
The are too excited and too busy spending their vacation at the parks
Plus they get distracted with the smiles and sweat of the front desk people that are pressured and trained with codes to make those issues look like it is one of a kind for the operation
Or for the more upset guests that are determined to address the issues about their vacation/stay end up getting “BOUGHT OUT” with some 20k or 30k points BONUS on their hotel membership or a free one night stay.
And just a few days ago, comes the so 4th of July week, rooms pretty much SOLD OUT… now it is when I realize that the PROBLEM might be much bigger!
One would think that the hotel management would have used the profit from 5/24/24 to stack up and prepare for the next hotel’s busiest week…
Guess what, they did not!!!!
There was once again shortage of supplies, toiletry and at a point we RAN OUT of things… a few of our guests had to go BUY TOILET PAPER from TARGET across street.
Room were allowed to be occupied with no body or hand soap (bars or liquid), shampoo and conditioner…
We were handing pool towels to our guests because there was not enough towels for all the guest we were hosting… and find out that the problems was not just that we did not have enough people to do the Landry BUT that the hotel had not added new towels to inventory for a while so there was barely enough towel to cover all the rooms specially if they had more than 2 guests.
AC not running in an entire floor for a couple of days, no AC in the breakfast area and guests sleeping with rooms at 80 degrees because AC broken and we had no better rooms to offer to them.
And just recently heard from a couple of managers that we had issues and no money to order things from the hotel’s Amazon business account and that we will run out of key cards because the budget got reduced…
I am wondering…
could it be that the that with high interest rates vs cost of operations for a 500 rooms hotel plus the recession that is just starting makes this Marriott hotel franchise franchise is no longer profitable OR maybe there is a renewal of the mortgage that the owners won’t be able to pay and have to let the business default?
What happen in that case?! Would Marriott Corporate take over?
Dave ramsey
00:00 - Intro
00:41 - Understand the Economic Machine
01:50 - Use the 5-Step Process to Get What You Want Out of Life
03:28 - Don’t Confuse What You Wish Were True with What is Really True
04:43 - Understand the Power of Compound Interest
05:30 - Diversify Your Investments
06:34 - Learn How to Convert Your Earnings into Wealth
07:43 - Stress-Test Your Ideas
08:51 - Know When to Cut Losses
09:57 - Don't Let Fear of Mistakes Stop You from Taking Risks
10:57 - Embrace Reality and Deal With It
11:51 - Adapt To The Cyclical Nature Of The Economies
12:36 - Maintain a Long-Term Perspective
13:30 - Be Flexible And Adaptable
14:13 - Understand the Principles of Successful Negotiation
14:55 - Ensure that Those Who Work with You Understand Your Expectations
Why will I like you, i don't even use this lmao
Getting rich is hard I've run into many obstacles but I keep trying. This gives me something to work for.
you want to be wealthy thats the goal . start investing and cut debt
Christian von Koenigsegg
Elon musk please
The video I was looking for.
King Solomon
John R. Padget
When the economy started to tank, I lost more than $40,000. Not because I was involved in a heated exchange. Because that's what everyone else said, I was just dumb to hold, and that's why. Even while I still have responsibility for my decisions, I now consider myself to be a better investor because I am more aware of the potential pitfalls. I was in the market for more than 3 years before I realized that. I'm happy to have discovered a way to get my money back at approximately $5,000 per week in profits. Many thanks, Mrs Judith M Layton.
She frequently engaged on the platform known as TelegramS, utilizing the aforementioned username below.
@Maejudith
Thank you for sharing
I'm a huge fan of Ray. I read all 3 of his books, and I learned a lot from him. He's really opened up my eyes and mind to wider horizons. I don't understand the hates he gets. Some sour CZcamsrs and commenters degrade him saying how wrong he is and how he keeps on repeating himself etc. Hello, that's because the interviewers or people keep asking him the same stuff ok! And also, I want to ask them, "are you are a billionaire or some kind of elite? If not, I'd rather listen to what Ray has to say than listening to the petty you!"
👍🏾
Sam Zell
Elon musk
Please make one video on Jim Simon 🎉
SOLID CHOICE here Alux with Ray, others could be Robert F. Smith CEO at Vista Equity Partners, any characters from Shark Tank TV series, Charlie Munger of Berkshire Hathaway.
❤👍👍
Give yourself assets for your own economic benefit 💸
"embrace reality and deal with it..." This is the key phrase in success in business, relationships and life in general. If you embrace reality and deal with it on it's own terms without any type of wishful thinking or false hopes/expectations, whatever the outcome, you will be that much further toward whatever your goal or success may be.
Great
Having read Unshakeable and Money Master the Game and learning a lot from both of these books, I'd love to see a video on Tony Robbins.
Thanks Alux
Larry Ellison
CA Rakesh Jhunhnunwala - The Secret, Sacred INDIAN Investor and Trader; Quant Specialist Professor Jim Simmons;
Bam 💥
More more
How To Get Rich According to Bobby Axelrod
from the SHOWTIME Series "Billions"
This video is like
"how to get rich:
1. Make a lot of money"
This is two ironic I’m 19 and I’m read the book “Money Master The Game” by Tony Robins and he mentions him in the book. By the way good book for anyone wanting to read a financial book
Funny..ALUX seeking to get rich charging $40 for a hoodie, $25 for a T-shirt:a T-shirt;COG can’t be >$3…an 8,000% markup
🎩
😁
👕👍Great!
👖
Yr videos aren't as good as before, sure the views show that enough though
windows was so clunky steve jobs used to break into hives when he saw it.
Alux,for at least for 5 years we've been waiting a video for president DJT. I learned from u that 'u can't fall into crowds' bulsht talk'.Dont be afraid of getting critisized l,just pull the trigger 🎉
george soros or mark cuban
Robert kiyosaky ❤
How To Get Rich: Bernard Arnault
Hey Alux, could you please make a video on how to get succeed as an international student? I am currently 16 and planning to move to UK after 18 on student visa. I really need your advice on this. So please help.
I have French bulldogs puppies available if interested
Pay my tithe & offering,pay off my bit of debt & invest
Get lucky.
Yeah, no, go away.
Do Carl Icahn next
I could not imagine how difficult building true wealth would be. The path is fraught with obstacles and failures, but for every perhaps 5-10 failures I experience one success that really makes up for them and gets me further along. I've grown to really appreciate Alux. Would love to see a segment on Bernard Arnault if it has not already been done.
Jim Rohn.
Getting rich by myself is possible.
Yea it us 👍👍👍👍👍👍
Talk to corrupt people nikal beta..
Please do a video about Andrew Tete
Very useful video
Thanks ALUX!
He is just one of my 5 heavy lifters in life
1.ALUX-EMIL ANTON-ALUX LADY
2.CARL SAGAN
3.ELON MUSK
4.RAY DALIO
5.BARIŞ ÖZCAN
Ray’s way of thinking is just extraordinary…transparency !!!
Patrick Bet-David CEO Valuetainment. Tilman Fertitta Landrys Inc.