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Showing posts from October, 2024

"How The Economic Machine Works by Ray Dalio"

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  "How The Economic Machine Works  by Ray Dalio" World-famous investor Ray Dalio made a30 minute video on YouTube: " How The Economic Machine Works " His three main takeaways: #1: Don't let your debt rise faster than your income because your debts in life (house, car, credit card), left unpaid, will crush you. Action step: Don't spend what you don't have unless you are taking on debt to increase your earning potential (student loan). #2: Don't have your income rise faster than your productivity because you will eventually become uncompetitive. Action step: Your competitive advantage is how productive you are. There are no shortcuts here. Only the long, hard work to get better at your craft. #3: Do all that you can to raise your productivity because in the long run that is what matters most. Action step: Do only what you are best at or get really good at what you do. Interesting how aligned Ray's advice is to a strengths-based approach of huma...

Who Should I Follow?

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  Who Should I Follow? Our evolution cemented us as tribal creatures. We seek to belong. We seek to lead and to follow. Often we follow people without even thinking about it. We (subconsciously) follow others based on shared parts of our identity (gender, race, personality, religious or political beliefs, etc.) We used to follow others because this was a necessity for survival. Most of us are lucky enough to no longer need this kind of protection from others. I want to follow someone who: I can learn from Who shares (part of) my values system Who is connected to others that I can learn from