How the Economic Machine Works Ray Dalio | PREI 038
b'I think you are going to love this episode!\\n What I\\u2019m excited to share with you today is the audio portion of one of the greatest videos ever produced that explains how the economy works. More specifically, it\\u2019s titled \\u201cHow the Economic Machine Works\\u201d.\\xa0 The 30-minute video was produced and narrated by Ray Dalio.\\n Who is Ray Dalio?\\n Ray Dalio is an American businessman and the founder of the investment firm Bridgewater Associates. He is one of the wealthiest people on the planet, with an estimated net worth of $15.4 billion (Forbes, 2015). And Time magazine considered him one of the Top 100 most influential people in the world.\\n I reached out to Ray last week and asked him if I could share his great explanation with my listeners, and he graciously agreed.\\n Ray says that an economy is simply the sum of the transactions that make it up. A transaction is a simple thing. Because there are a lot of them, the economy looks more complex than it really is. Instead of looking at it from the top down, it\\u2019s much easier to understand if we look at it from the transaction up.\\n Regardless of how important the economy may be to you, I think having a basic understanding of it will make you a smarter investor. And having a better understanding of it will help make you far more successful in all your financial and investment decisions.\\n I\\u2019m sure many of you will want to listen to this episode more than once because of the amount of content packed into this audio-only reply. My suggestion is to listen to it at least once, then click the link in the show notes to watch the animated video. The animations give it another dimension that helps you visualize and better understand the concepts. So don\\u2019t feel overwhelmed if this is your first time hearing this.\\n Plus, Ray shares his three rules-of-thumb that you can take away and apply to your own personal economy.\\n Now, just sit back and enjoy this audio-only portion of \\u201cHow the Economic Machine Works\\u201d.\\n If you missed our last episode, be sure to listen to Viewing Properties Just Got Easier \\u2013 WeGoLook.\\n \\u2013 \\u2013 \\u2013 \\u2013 \\u2013 \\u2013 \\u2013 \\u2013 \\u2013 \\u2013 \\u2013 \\u2013 \\u2013 \\u2013\\n Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.\\n Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here\\u2019s how.\\n See our available Turnkey Cash-Flow Rental Properties.\\n Please give us a RATING & REVIEW (Thank you!)\\n SUBSCRIBE on iTunes | Stitcher | Podcast Feed\\n Enjoy the show!\\nLearn more about your ad choices. Visit megaphone.fm/adchoices'