Ray Dalio gives 3 financial recommendations for millennials

[@jattaya]

3 Tips: 1.Focus on savings 2. Diversify-across places, asset classes etc. 3. Be wary of debt that doesn't aid in savings, or might not earn you a return in excess of the debt. Avoid debt for consumption 4?- Also if you're going to time the market, do what goes against your instincts/makes you uncomfortable, such as buying when others don't want to.

[@jv4nderh4m]

real mvp right here

[@shreyasr1989]

Diverse portfolio is for lazy people who want to stay poor.. - not my words but mark cuban .. focus on savings and increasing income ..

[@StephenDoty84]

@@shreyasr1989 Look at how the total stock market ETF "VTI" has done compared to your average focus fund or stock. It does better through humility and diversification. The S&P 500 beat your average hedge fund from 2008-18.

[@spliffinator1637]

5. Buy bitcoin

[@StephenDoty84]

@@spliffinator1637 6. Short Herbalife

[@Chu_Strums]

Remember to reduce your speaker/headphones volume after this...

[@gekkegerrit5245]

Thanks xD

[@shnooog1]

Hahahh

[@yjmzzang9]

Thanks bud.

[@sherlockhobbes423]

lmaoooooooo

[@tipy959]

Remember to verify all of your accounts with your phone number and not your email address and if you use an email address do not put your real name in it!

[@steveenn]

Finally an interview where Ray Dalio doesn’t get interrupted every damn second!

[@davyroger3773]

A wild Gary Vee appears.....

[@Pickers1000]

She's a great interviewer

[@lostincanada3880]

Ray is speaking as if he is about to get interrupted, lol. Maybe he is experienced, lol.

[@danielngongang9419]

Diddy interviewed him well too

[@chrisginoc]

@@lostincanada3880 Ptsd from all those stupid interviewers on CNBC and the likes.

[@JayOOfosho]

How is she a millennial she’s like 50

[@worldshaper1723]

Let her be one. It is fine.

[@nickisacebeans]

50?! PMSL - she's in her mid-30s I reckon, so just about a millennial... just!

[@dwradford]

@Abū al-Qāsim Muhammad ibn hahahah KZbin needs the laughing reaction like facebook!!

[@samsun01]

@Abū al-Qāsim Muhammad ibn very true. also, Corporate Media shamelessly only puts white women on TV to sell ads. it's as simple as that. plus stupid propaganda...

[@azngabex1376]

Rude but also hilarious 😂

[@coryg121]

Dalio should run for president! He has a great understanding of economics, business cycles and capital markets. But then again, smart rational people don’t tend to run for president.

[@knpstrr]

Smart rational people know they'd get crucified by the MSM in office.

[@mgm8075]

Vote for Andrew Yang ‼️ Many of Dalio’s economic policy insights are the same ideas Yang is running on. He has a podcast episode with Joe Rogan, check it out.

[@coryg121]

MGM YES!!! I watched that episode and was very impressed by what he had to say, and how well he was able to go through the numbers and facts and defend his arguments. But if he wants to get votes, he will have to learn to spike peoples emotions more. Most people vote based on emotion. Trump knew that and was VERY successful in doing so!

[@nickzivs]

Dalio is a shark like the rest of them managing the world's most successful hedge fund FOR THE WEALTHY. He may be somewhat transparent but he 100% isn't telling you everything that's going on. You don't want people like this as president, they lack empathy. Ever heard him talk about wealth disparity, how corporate tax cuts were a bonus for the rich, how loopholes in our tax laws allow for him and his friends to avoid paying their fair share, etc.? No, because he's a wealthy globalist just like many of the others. He and Buffett are humbling at times, but they're still sharks and they'll react when they sense that there's blood in the water.

[@bouldertherock2550]

T Hambone lol bridgewater has never been bailed out

[@denisa.minihane5289]

Refreshing to see a good interviewer..... asks a relevant question and allows Ray Dalio to answer fully without constant i interruption, unlike so many others..... this approach is of value to the audience

[@CommandoMaster]

First - Look at how much you have saved to live off of and for how many months Second - Invest in assets rather than have in cash Third - Do the opposite of the general public opinion

[@dougjamesvandals]

Gold wld be opposite less than 1% are in gold

[@ZuvioxArts]

One of the best quotes around this from warren buffet: “find something that makes you cash when you sleep, or you’ll be working until you die”.

[@kingdomreturn304]

Looking into crypto, wonder how that'll help in life, wondering how it works still, a passive income is a good option

[@themightymidget61]

@@kingdomreturn304 be careful with crypto my friend

[@kingdomreturn304]

@@themightymidget61 Ok bud I will be, whats the risk with crypto, am I better off buying metals and going off grid?

[@themightymidget61]

@@kingdomreturn304 im no professional so i dont want to tell you want to do, but crypto isnt tied to anything with intrinsic value

[@kingdomreturn304]

@@themightymidget61 Ah I see its just a virtual currency which doesn't really have an asset

[@user-pc7ef5sb6x]

1. Have a positive cash flow each month, and save that cash in a separate account. 2. Use the savings to buy assets, assets that increase in value or increase your income. 3. Be different. Don't follow trends when purchasing assets.

[@BM-ru7ef]

Reminds me of Robert Kiyosaki's recommendations

[@saadsiddiqui1775]

Which assets?

[@dennisferguson1029]

Saad Siddiqui Cryptocurrency 😊

[@TheSmoothkriminal]

@@BM-ru7ef no no robert say sab¡vers are losers....

[@AK-47ISTHEWAY]

​@dennisferguson1029 If you want to go bankrupt, then yeah.

[@bhumesh6477]

my advice: short sell yahoo stock

[@cletus2941]

if only you still could...

[@mylesgray3470]

bhumesh why Hold the AOL and Netscape stock though. They are going to be bigger than google!

[@rodriguezvictor349]

Lmao. Funny.

[@owenwalker1774]

😂😂😂😂

[@stopasking9745]

@@cletus2941 lmfao

[@fyllc]

He's practical and explain complex things very well.

[@jackbrady9738]

6:00 for the 79th richest man, the GOAT hedgefund manager, raised in USA, to say this shows just how important it is. All his life he would've been surrounded by people telling him everything that goes against this statement.

[@JD..........]

1) Saving: find out how much you save vs. borrow 2) Diversify In multiple areas 3) Invest opposite your instincts (against the crowd - buy when others are selling and sell when others are buying)

[@lemonarry]

The market reflects the crowd. Sell when no one wants to sell; buy when no one wants to buy.

[@tricksieboy]

And all of your other 'market competitors' think the same thing...

[@rodjames5771]

The Market Reflects the Crowd. That right there is the best free advice you will ever get. Ray is a master at his craft

[@LiubomyrIavorskyi]

Rod James, Ray is incredible wisdom.

[@strat58cat36]

I'm counting myself millennial too!

[@LiubomyrIavorskyi]

All we are young 👍

[@webriveliana893]

😆😆😆👍👍👍👍👍👍

[@stopasking9745]

You're in the club

[@reynoldsad7]

Go for it. As a man/woman thinks in his/her heart so is he/she. 💗. The power is within you to be who and whatever you believe you are.

[@chelsbolin]

Great line!

[@dmoe5764]

I love learning from Ray Dalio. I've read his book Principles and I must admit it is by far one of the most compelling, detailed, beneficial books that I've ever read. Thank you for sharing the knowledge you've accumulated, when applied it is very beneficial.

[@sebastianheine378]

Ray is my idol, he is so genuine and clearly cares about the success of other people. I hope that I can become even a tenth of the man he is.

[@andym0rand02]

God should be your idol, Dalio is possible of surpassing, jesus is not. Therefore you can always continue to strive for more.

[@LiubomyrIavorskyi]

Sebastian Heine, I agree with you. He is really talented manager and Investor And do you remember his amazing video “ How economy works? It’s a incredible simple way to show everyone how work complex systems.

[@dheevesh16]

I wish you the very best. Regards from Mauritius. :)

[@dannysze8183]

he is not genuine

[@phrozen17]

Wow she didn't interrupt him like all the other boneheads

[@aliqazilbash5231]

Thank you Mr. Ray Dalio! I’d listen to him and then listen again with a pen and paper in hand.

[@pete3124]

Better call Saul

[@billymcgirr33]

I think he looks more like Mike Rowe

[@evni6208]

That is funny

[@pvillaluna1]

4:45 Is my generation going to be on the hook for that? Answer: ”Yeah” LMAO 😂

[@lorenzmuller3542]

Pahahahahhahahaha! :D

[@andywong7612]

OMG, who is this lucky woman, she just interviewed Jeffray yestoday, and now for Ray Dalio? we should definitely thank her

[@livefreeordie7598]

much better an interviewer than the ones on CNBC, isn't she?

[@andywong7612]

@@livefreeordie7598 oh yeah, far better

[@idcaf]

yes, thank you for being lucky to interview this man. You are so great by being this lucky, how can we possibly thank enough for your luck dear god.

[@hpd633]

Who is she...just look at her, Mr Dalio will have to leave after her and the camera crew leave just so he can stand up. BOING!!!!!!!

[@mkelly1118]

Good video, yahoo finance. Strong interview. Thanks for posting!

[@InvestingCity]

Love what he said about holding cash is basically losing money. Need to put that in investments!

[@LiubomyrIavorskyi]

Investing City, Ray is real wisdom. I know him as excellent friend, as wise leader and as effective investor

[@michaelpisciarino5348]

0:57 Think about your savings. 1:35 How do I save well? 2:20 Diversify well 2:55 BE CAUTIOUS ABOUT DEBT 3:52 Buy when no one wants to buy, but be careful Social Security & Pensions will lead to a squeeze 5:47 Wealth Gap 6:40 Conneticut youth, Education 8:54 Private-Public Partnership

[@lendavidhart9710]

Brilliant, and humble man, thank you for posting.

[@sevimsurec2983]

I feel lucky to watch a fantastic video on KZbin from Ray Dalio tonight. The language he used was very simple to understand, also the way he speaks is very understandable, the way he explains is very clear and his wonderful design ability accompanied his highest level of knowledge on economics and highest level of experience on economical subjects has made a great impact over me. I would like to say ´`Congratulations`` for all of his first class skills but I think he deserves more than that single word.

[@shantanushekharsjunerft9783]

I will simplify it further: (1) save 3 to 6 months of your take home salary in a checking account (2) after you are done saving, invest 15%-20% of your monthly take home pay into a vanguard target retirement fund

[@sanekabc]

Ray Dalio is the nman. F-in brilliant.

[@petekdemircioglu]

Yes. Very intelligent, rational, open minded - very flexible mind.

[@petekdemircioglu]

🔥🔥🔥

[@Jeff-ps5tg]

Hats off to this woman for letting him talk and not interrupting him mid-sentence.

[@rawjor]

ray was probably thinking - I thought we were in the same generation!

[@MasterChiefSpartan]

Good advice for everyone to follow Even though some finance books and blogs like mr money moustsche and the Dave Ramsey show already cover this many times Good reminder !

[@johnw7269]

All the mellinials watching be like: what's a savings account?

[@andy-ti9zf]

the general public doesn't seem to be biting on the recovery. If they ever do then things will crater.

[@ayrtong6]

andy well the market hasn’t imploded yet so how could we bite on the recovery?

[@Swagg3r3d]

Interviewer: Is my generation gonna be on the hook for pensions and healthcare during the next downturn? Dalio: Yep.

[@stopasking9745]

Agree wholeheartedly precious metals is probably the only thing that's not in a bubble right now

[@jesseringle2979]

This guy should run for President and I usually don’t want billionaires involved in politics

[@ElisPalace]

You should want a billionaire involved. Running a country is like running a business and you're dealing with the whole countries money

[@thelifeofnicx]

So pretty much: leaving my money in savings account that has very low interest is bad because I will be taxed on such correct?

[@CG-uk1vz]

Nothing wrong with the savings account as long as you stop after your emergency fund reaches its limit. Everyone's emergency fund is different. Most recommend 3 months to 1 year of your living expenses for a security buffer. After your emergency fund has been reached, you want to start putting the extra money into high yield investments (stocks, real estate, etc.),whichever investments suits YOU the best. Key word is you.

[@thelifeofnicx]

C G thank you! I actually just hit the amount I wanted to save this month. So my goal for 2020 and beyond is to invest and pay off all my student loans. So I’ll guess I’ll just leave the amount I saved in my savings even tho it will get taxed lol 🤷🏾‍♀️

[@shelleygreyrealtor]

Savings accounts are not necessarily bad, they are usually not the best option. With inflation, costs of goods and services going up and losing purchasing power, and then also being taxed on the very low gain accumulated makes it even less desirable. If you plan on using it for something soon or if you really need to take time to create a plan on where to put your money it is fine. BUT savings accounts are not investments and if you want to grow your money, you will need to find investments you like.

[@thelifeofnicx]

Shelley Sheri I just want to always have 20k as an “emergency fund” so now that I have that the rest of the money I make so plan on investing and etc. so would you say it’s smart to leave that 20k in the bank ? Orrr

[@shelleygreyrealtor]

@@thelifeofnicx I think it's relative to your lifestyle and location. I live in a cheap part of socal, but because I own businesses and not a traditional 9 to 5, I have shifted the way I use money. The only debt I carry that keeps a balance are my mortgages. I keep a 1 year emergency fund for my living expenses, mortgage for my home and mortgages for my rentals in a high yield savings account. I consider myself really conservative because I have 2 small kids and non traditional sources of income. I sleep very well knowing that if all money stops coming in that I have a year to gather my thoughts and figure it out. The rest I have in stocks, but I want to become more defensive. Right now looking for something that will protect me from a downturn. Everyone should have a different number, but I think you should make sure to find something that will protect you, while still allowing you to grow. I have friends that are way more comfortable with high risk investments and I have tried it, but just don't think it's worth my peace of mind.

[@ksideth]

Another great piece of advice or music from Mr Ray and Yahoo finance. Thanks

[@mickto8372]

Thank you to the host for being such a neutral representative of our generation. Tired of everyone turning everything into political BS

[@carloseduardonaranjosuarez5917]

Thank you very much, Mr. Dalio, You are a financial god

[@iancassie9840]

storing wealth when we are dealing with fraudulent hidden inflation and your wage and salary is actually reducing in purchasing power REALLY

[@satyampatel457]

summary 1. think about your savings. How much in terms of time? 2. How do I save well? NB need to invest in assets that do better than inflation and taxes over time. Diversify well. Be cautious about debt. 3. Do the opposite of what your instincts are. Also: 1. pension obligations are the same as debt. 2. rich-poor divide needs to be better managed for capitalism to work.

[@asherburns2953]

Why would I take advice from yahoo?

[@samueladams3213]

did she just call herself a millennial?

[@cryptocode88]

Samuel Adams I’m 31 and I’m a millennial lol

[@Varidime]

The oldest millennials turn 38 this year.

[@Pjblabla2]

Ray Dalio is awesome !!! So humble

[@StephenDoty84]

Maybe it's time to pay up for a better barber, though.

[@KhamPisethOfficial]

This is a great video short and straight to the point. 3 Tips: 1) Know your monthly expense and focus on saving 2) Invest in assets and diversify across asset class and across countries. and 3) Don't follow the crowd as Ray Dalio writes in his Principle "Think for Yourself"

[@SongwonMusic]

The fact that all of this is a revelation for some people is concerning...

[@overnightgrowth]

Simple, reasonable and easy to follow advice.

[@benevolentdictator2315]

Basically he is saying to do the George Constanza thing...eat the eclair in the trash can because nobody wants it at the risk of looking silly....I can do that.

[@MichaelCorleone654]

benevolent dictator Do the opposite of every instinct in your life and you’ll end up working at the Yankees

[@kenmccready2870]

He is remarkable,what a fantastically gifted mind ......his message and insights should be thought from kinder garden up.....

[@adonixp]

I'm sorry; she is not a millennial. If she is, as J would say "a lot of city miles on you"

[@zacr389]

Very wise words. My favourite is #3 easy to decide for new players - just do the opposite of what you think!

[@gregorydavids4411]

Nice Video! Great content as always. Investing is the most important thing anyone can do for themselves to create passive income. Don’t save your money because it ends up losing value

[@geraldharry2185]

Saving money and not investing is the worst thing any millennial can do to themselves because you get financially free at an early Stage of life

[@lakshayp2715]

For so many, just because they don’t have the knowledge to invest in stock they prefer keeping their money in the bank and saving it up. I can tell because I’m in that shoes too

[@Nicholas-wb1lv]

Lakshay P You can start up a long term investment to be able to gain passive income so in such means instead of you keeping money in the bank and just saving it you invest in what will give you returns daily, weekly, monthly or yearly

[@leduong5459]

I Prefer having a weekly return, would be lots of fun

[@Nicholas-wb1lv]

Le Duong THEN INVEST IN STOCKS

[@arrowb3408]

At 2:45 regarding the high rate of high school disengagement/ dislocation in CT state was shocking and agree with what he said-- to help the youngsters to enter the society to be a workable human being rather doing those self destruction.

[@azizketata3241]

Keep it simple , count your money , don't blow it

[@LiubomyrIavorskyi]

Absolutely I agree ☝🏻 with Ray. Everyone must focus on 1. Saving systematically I’d add else to create emergency 🚨 fund for different critical situations 2. Focus on growing of your savings with average annual compounding rate which will be higher than (% inflation + % taxes) and at the same time not to lose your capital. 3. To develop such behavior to counter impulsive emotional spending.

[@leosun5000]

Don't blow it keep it simple count your money Easy!

[@misakamikoto8785]

Great advise, I made 1000% by spending all my position shorting before the purge, it is extremely uncomfortable to do but the reward is worth it.

[@dagobaker]

15% of your wage + any match into the vanguard 500 mutual fund for 40 years

[@joannekelly5132]

Diversify not all of it. Bubble in indexers. Maybe a small cap as well.

[@shenkevin2]

@@joannekelly5132 I'm glad there are more of a recognition of the bubble in index among people. There are no magic pills that always go up

[@climaxhubbard]

i would go overweight in metals right now. your recommendation is exactly what he's talking about, its exactly what the herd has been doing for the last decade and things are about to change. read his essay "paradigm shifts." he's a very smart man

[@streetcoptraining7978]

If you're gonna follow anyone's advice I would say that Ray Dalio is a good place to start. Praying for ya Ray, I can see it. Thank you for helping all of us become better.

[@imbisoul]

I thought he was Saul Goodman at first

[@stopasking9745]

Precious metals Gold Silver Platinum are probably the only things that aren't in a bubble right now I would stick to Silver and platinum however if you have your choice you could do ETFs tho I would suggest the physical metal

[@Damannis]

Buy Bitcoin and Silver, Sell Yahoo

[@yantingli8651]

There are many thought leaders when asked to give advice, give bullshit such as "don't underestimate yourself""pursue your dream""value happiness". Yes, it is true to some degree, but it is too vague, and not actionable. I respect these thought leaders for their status, but even more for Ray Dalio because of his honesty and consistency in his action and words. Reading his books and watching his interviews give no conflicts at all, but for a lot of book author, I don't think they really wrote the book.

[@vernefits1953]

Julia is gorgeous and so smart interviewer

[@manavsingh7378]

4:33 - what book is she talking about? Anyone who knows please let me know!

[@charlesz5418]

Maybe you find out but it's Ray book about debt. You can find it on Bridgewater site

[@manavsingh7378]

@@charlesz5418 I see. Thank you. I couldn't find it. Will look for it now. Thank you! Is it called - Big Debt Crisis?

[@belajar_menggambar]

My advice to milenial is start makes youtube videos..

[@belajar_menggambar]

@@Gamergirl56861 yes,,, offcourse... But just like every bussines,, not everyone success..

[@Gamergirl56861]

True

[@Optimusgrindt]

Do you hold ‘savings’ / emergency fund in a savings act? I also fund a Roth regularly and have a 401k match

[@nateprince]

What kind of assets are you investing in? I own precious metals and real estate in the U.S. How about you?

[@ChaceBonanno]

ProFound Shifts Large cap equities and broad based ETFs Why no equities or exposure to equities for you?

[@nateprince]

CHACE I have not educated myself in equities and know very little about them. Ill dig into them soon. What is it about equities that attract your attention?

[@MrWolf0451]

I've been considering investing in precious metals but im still ignorant on which one would be a more prudent choice. I'm leaning on silver over gold. Anyone with more experience on the topic, I'd love to hear your thoughts.

[@empemitheos]

out of the money put options.

[@nateprince]

Ben Perow I think that’s wise, I read somewhere that historically the value of silver to gold has always been much higher than it is today.

[@whoknows1408]

Why is audio level so low? I can barely hear this on max.

[@dorianhill2480]

Unplug your headphones.... Or put them on 😊

[@r.b.l.5841]

When i save - someone else is missing out on their pay, meanwhile my savings need a safe place to grow, not in a bank account. When a large segment of the population all save, the economy tanks, which can lead to those very people who are trying to save losing their job. The house of cards of the economy, based on debt, is a trap with no escape. The only way out of the debt trap is to Not Get Into the debt trap. To invest in long term economy we actually need the opposite of what our government has been doing. We need the rich and profitable corporations to pay their share in taxes, then invest those taxes in education and maintaining the (crumbling) infrastructure build new systems (solar or wind farms say) that support long term high paid jobs, creating stablility - If you expect people to borrow to buy a new house you should expect they want a stable well paid job first. Our long history if cutting funding for public education has left the USA lagging WAY behind all the rest of the OECD countries and thus that much further to go to catch up.

[@assyrianbetnahrian9574]

Schools need to teach about money I can give someone 1.000.000 $but if you dont know what to do with it then that million would just be like one dollar

[@allenshaquille8745]

Good speech. I’m so lucky I have a good profiting investment, My partnership with ACS group has been a rewarding journey.

[@pinoee5734]

Allen Crook can you get me on board

[@allenshaquille8745]

PinoEE sure buddy. Have you got telegram? Search on here Afx_solution

[@shilohnovick6115]

Checked it out already. Def! a good one 👍🏼

[@bertramknoesen9170]

There hasn’t been anything that has equaled the excitement, the reward and the exhilaration that Acs services has provided and can provide.

[@mariapady7564]

This is cool allen. Truly smart earnings , I have entertained the thought of changing how I make a living. I believe this will work as an alternative to make extra cashflow.

[@Letsbefriends88]

ZMM on the ASX. 99% down. Smart money investing?

[@NoName-ny1bt]

Funny how so many of the comments are related to her age. Cmon u monsters

[@nkolemwaba2526]

She did the interview really well Asked good questions and didnt interrupt him. You'd think that is what people notice.. Also there are a lot of people who look younger or older depending on the perception of the person looking at them.

[@lisaburke7506]

The people commenting on her looks are probably in high school. All millennials know that she's a millennial. She did great job interviewing and was very professional.

[@BellTunnel]

Can I buy stock in Ray Dalio? I’m bullish on Ray. Ray 2020.

[@danmac0]

If she is a millennial she is from the year 1000

[@webriveliana893]

Dan Mac 😆😆😆😆😆😆😆👍👍👍👍👍

[@stopasking9745]

I think the first year for the Millennials was either 1981 or 1980 maybe 82 so she could qualify

[@stopasking9745]

I think if you're 35 or under you qualify as a while maybe 36 something like that

[@rightwingsafetysquad9872]

@@stopasking9745 1975-1995

[@stopasking9745]

@@rightwingsafetysquad9872 thank you for the correction

[@affansiddhiqui3739]

I can see the empathy spark in ray dalio

[@yafoda2222]

Thanks me later 😊 1. How much money can you save 2 How do you save well (Good Investments, diversify well) 3 Do the opposite of your instincts say (Do investment which feel uncomfortable) Thank me now ☺️

[@HowItHappened]

Great to hear Dalio's advice for Millenials and nice to see him helping out the bottom 60% with his charity donations

[@totadol]

She constantly keeps saying "my generation" which sounds quite unnecessary. She could just say "the millennials"

[@jasmines6768]

I wonder sometimes.. some of these principles are moot if the value of the dollar or whatever currency plummets. Unless assets are in other forms besides just currency

[@joeyo3386]

If this lady is a millennial then I’m a rich white man

[@ManPursueExcellence]

😆😂😭

[@sfrealestatedealmaker6001]

Joe Yo 😂😂😂😂🔥

[@rightwingsafetysquad9872]

Millennials were born between 1975 and 1995. ALL millennials are adults now, some in their 40s.

[@harambo9805]

@@rightwingsafetysquad9872 - Wrong!

[@Anonymous-pm7jf]

Good questions and good advice. Thumbs up.

[@tyronejohnson77]

Why isn’t this man running for president?! #RayDalioForPresident2020

[@davyroger3773]

Cause he has a Hedge Fund to run

[@MullahSteinberg]

Today is October 14th 2034 Jus came across this video Can anybody tell me what is yahoo ? Does seemed to be listed anywhere in the world

[@Blueblackngold]

Why lie about your age

[@IAmAwesomeSoAreYou]

T K ikr? I think he’s like 90.

[@sfrealestatedealmaker6001]

Infinite Lmaooo 90 😂😂😂😂🔥

[@mikenorman5172]

Spoken like a true investor, saving is just a tool it don't get you wealthy. You need to invest savings into cash generating portfolio that will work towards wealth creation.

[@liviohuber4326]

I totally agree✓✓✓

[@markcyrus7898]

I agree to these because my money just sits in banks and don't grow as I want it to, what kind of portfolio do you recommend.

[@lorienwhite1087]

@@markcyrus7898 same here

[@mikenorman5172]

@@markcyrus7898 there so many invesment opportunities out there as for me I have a well diversified stocks portfolio, which has been doing really great overtime thanks to my affiliation with a pro brokerage firm.

[@skyauden2522]

@@mikenorman5172 what kind of services are you been offered?

[@15751Chris]

Millennials you're screwed no matter what.

[@TheBigdan210]

No kidding. AI is putting everyone on universal income.

[@BAdventures]

Many people don't get this foundation growing up. Why? So banks and credit card companies can make more money. Good topic and discussion 😎👍

[@lameiraangelo]

My Lord. I am ready to sing Prince's song: "Cream"... not to Ray Dalio.

[@amaetfacquodvis2450]

she should make more interviews! that one was very good!

[@Elsenoresmipastol]

Rey Dalio should run for President🤔🤔🤔

[@brockhenderson8321]

These things can happen if the world stops using government, debt based money.

[@FreddyNg]

meanwhile...7 million Americans are 90 or more days behind on their auto loan payments. Let's buy a nice expensive liability that you can't afford. lol

[@Andy-xb5qg]

Rich and poor people always existed, in any society and any time in history. This was true even in the disastrous Soviet Union, where the rich were those in control of the communist party and their friends (it’s still the case in Russia). The real problem is the idea there is something wrong and we have to do something to regulate this “imbalance” between rich and poor people. This is a dangerous notion as is the opposite of the free enterprise and meritocracy system, which is the fundamental principle of capitalism. Pointing an imbalance or problem between rich and poor is a socialist idea and is very similar to what lead to the creation of Soviet Union. Sad to see this is happening in the US.

[@gt5713]

The problem is that the system we have is designed specifically so that a few will benefit and pull up the ladder behind them, leaving all others clamoring to the government for help. Real capitalism requires real money, and we haven't had that for a long time. What we have now is socialism for the rich and capitalism for the poor. Full blown socialism isn't the answer of course, but no poor person wants to hear that. They want someone to relieve their pain. They don't believe that our government funny money intentionally caused the wealth imbalance and their shrinking standard of living, and they think socialism might be the solution. They are on the right track thinking that we have to do something to regulate the imbalance, in my opinion. The only way to do that is to return to sound money, where it can't magically be counterfeited into existence by banks and the government. (As was demanded by our constitution, if you recall) There would never need to be any serious debt crisis if money was backed by real tangible gold and silver. The system would regulate itself. If a bank makes loans to people that can't pay it back, so what? The bank loses, and maybe learns a little in the process. If a government wanted to create a social program, it would be required to tax that society, not the children of that society. If a government wanted to fight a war, they would need to tax their citizens to pay for it. There is no logical reason why any free society would choose to use a fiat currency if they could instead use something like gold/silver. There are, however, logical reasons why governments would want to force it on us anyway, and none of those reasons work in favor of poor or middle class people. The three questions millennials really need to ask themselves is 1. What is money? 2. Where does it come from? and 3. Is it possible that the monetary system that we currently have is causing most of the problems our society is facing. When you get a solid grasp on these basic ideas, only then can you begin to understand the concepts of saving and investment in today's world. Ray tells them to concentrate on saving, but what is saving, exactly, if the instrument you use to save in is made of quicksand? Follow up question, is it necessary to save in such an instrument?

[@thegreatest1540]

how is this broad a millennial?! i'm in my 20s and shes older than my dad

[@robertr392]

You all are crazy, she's like 32, well within the age range. About 36 to 37 is the current oldest millennial.

[@joefunk76]

Looks like Dalio sprung for the stainless on his Apple Watch.

[@royyang7098]

ray dalio is a fcking genius. i can listen to him talk about money all day.