I am currently in my 50s and This is no time to taper retirement savings. I want to max out my retirement contributions and I also have another $200k in a savings account that i want to invest in a non-retirement account. Where should I invest it now?
Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert
A good number of people discredit the effectiveness of financial advisors in exploring new markets, but over the past 10years I’ve had a financial advisor consistently restructure and diversify my portfolio/expenses and I’ve made over $1.2m in gains… might not be a lot but i'm financially secure.
My CFA ‘Grace Adams Cook’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
I just looked her up on the web out of curiosity and I would say she really has an impressive background in investing. I will write her an email shortly.
I wish i learnt most of these principles about seven years ago. A lot of people have been trapped strongly in the matrix-- Go to school, get a job, and then slave your whole life. Many miss out on life-changing information that could have great effect on their finances. I played with the stock market sometime in 2020, and I was surprised at how well it turned out. I want to put in $75k more into the market. I heard people are making really great returns despite the downturn. Any recommendations?
Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over $250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look.
My wife and I were following this same trajectory. Last two years, I pulled out my money and invested with her wealth manager. Not catching up with her profits over the years, but at least I earn more.
@@andrew.alonzo It's best you do your due diligence, I have my portfolio overseen by “Julia Ann Finnicum” and her qualifications speak for itself. Most likely, the internet is where to find basic info, she has a noticeable page for consulting.
@@edward.abraham I just googled her name and her website came up right away. It looks interesting so far. I'm going to book a call with her and let you know how it goes. Thanks
investing requires good experience and knowledge to carry out a good and successful trade, I have lost a lot trying to trade all by myself May I ask which investments are good??>>>>
When I turned 40, I decided to take up something I used to say I hated. Which was running. Started with one lap on track, progressed to 4 laps, and then around the campus. My coworkers had a running club to do races. They asked if I wanted to join. that’s how I did my first 5k. 5k became 10k. 10k became half marathon. Half became full marathon. By the time I was 45, I turned to hiking and trail running because I lived next to Los Angeles’ biggest urban park with many trail miles. Later I took up backpacking and mountaineering, completed Whitney as a day hike. I had done multi-day trekking in England and the Alps. By 52, I became immersed in yoga, taking 2 to 3 classes a day, 5 days a week for 3 years. Covid I was dormant for 18 months. In mid 2021 I moved to a retirement park just when amenity got reopened (closed during Covid time). It’s first time I had daily access to an empty heated pool (no one uses it). I didn’t know know to swim so I watched youtube to teach myself front crawl and breaststroke. By now I can do both well, working on stamina and distance. I am also studying triathlon because I want to eventually learn how to bike. I hope I can try my first sprint tri when I turn 60 in a couple of years. Basically I spent 20 years from 40 to 60 to try what I hated doing from 0 to 39 (I’d rather read books). I don’t know what ppl do during mid life but I certainly hadn’t had any crisis. I had been busy getting in depth both intellectually and physically, learning and progressing in outdoor activities. If I was told in my 20/30s I’d be an active person later in life, I’d say no way that ain’t me LOL
How do I share comments :( I am 27, I hate running. I am obese. I have never been in a relationship. Apparently I have been through a lot as my therapist says. I did not even know. Got my first session in therapy last week. I ran today, very very less. It seems impossible at the moment. I ran yesterday as well, saw little change on the scale even though I had less food (healthy too), still saw very less change on the scale today morning. Just seems impossible at the moment. I can't even imagine getting started at 40. Congrats. (Also I don't know swimming, I was ashamed that I am likely the only person. Thanks, if I loose weight, I will learn how to swim too ig)
@@l.swethaswetha6249 I don't have your exact experience. But life throws curve ball to everyone. When nothing works, i just tell myself. I only have to be a little bit better than yesterday. You may not see changes in your scale. But I am sure your muscle is getting stronger little by little. And you are building a healthy habit and building a discipline mindset. Things are happening underneath. You don't see it yet. But you will. Have patience and be kind to yourself. I don't know you. But i will be your cheerleader cuz i believe in you.
I would add to that one thing. Exercise every day for at least 20 min. I started with a combination of Cardio / Yoga / Qui Gong / strength workout. Alternating every day. That had the biggest impact right after meditation.
I agree. PhYSICAL movement will change ur life, and its been the hardest thing I've ever tried to do. Especially since we live in a sedentary life, it's absolutely critical.
...@@baldyhardnut260 I was a master fitness trainer in the Army. Anyone can get smoked in 20 minutes, even less. I can have someone completely exhausted, heart rate working, lungs wide open, muscles engaged in well under and hour, 10 minutes actually. Most people do not need to do an hour a day. Once or twice a week go for the hour or more, but 30 minutes a day done right is plenty.
For real? I’m 43 and only just started taking meds for my ADHD a few months ago and the benefits have been remarkable but I don’t always love the way they make me feel. They say it’s a trade off, cost vs benefits and the benefits win for me but if there’s a way to effectively treat my ADHD without meds, that would be wonderful. I’ll look more into this, thanks for sharing.
We experienced the pinnacle of our era, but it is now gone. Like what happened to Rome, the corrupt administration will bring this nation to an end. My condolences go out to anyone who is close to retiring and may be worried about whether their pension will be enough to pay the rising cost of living. Insane fiscal policy, poor regulatory policy, poor energy policy, and poor foreign policy
Personally, I can connect to that. When I began working with "Ruth Loralann Brennan," a fiduciary financial counsellor, my advantages were certain. In these circumstances, I would always advise getting professional help so they can steer you through choppy markets and just give you indicators and strategies for knowing when to enter and exit the market.
@James Cooper You can look up the financial advisor using her complete name on your computer; I hire her since she looks after the portfolios of renowned investors.
@@danieljackson87 I greatly appreciate it. I'm fortunate to have come upon your message because investing greatly fascinates me. I'll look her up and send her a message. You've truly motivated me. God's blessings on you
Please come up with a new scam guys. The name dropping financial advisor scam has been out played for the past 5 years. Don't be lazy. Put the effort into a new scam. Let this one go...your making fools of yourself. Take you and all your lazy friends with you. Only come back when you have a new scam.
It's great advice. But it's advice for the world we live in. Stemming at the root of all this, when you think about. It is all coming from attaining money and making sure that money can always be there for us. And so this, "crisis," that lays hidden in all of us, is coming from our need for financial security. But WHY ? Why is it even like that in the first place ? If the Capitalist system was a relationship, you would have left it a long time ago for be so draining, manipulating and truthfully complicated. No one is questioning the DAMN system that keeps us all like this. Even Dalio, if his wealth disappeared would he be so calm and collected ? ...No, I don't think so.
I'm 39, and I can relate to this. How to be a good father, husband and professional - all at the same time. It's tough, man. On another front: this has been a moment for deep thinking, rebalancing, reinvention of oneself. I've just met my goals set on my 20s, so what's next? Reinventing myself, redefining priorities and setting new objectives has been the focus for me...
Might not be over as fast as you think btw, especially if you do throw your life upside down by doing drastic things - job changes, relocation, major financial decisions etc.
Great advice. For me, I am quite happy right now in my forties. The whole 40s being difficult just becomes self fulfilling for a lot of people I think. However, I am not successful in the business sense, I am not married, things have been a bit crazy but I am happy. Things where crazier between the ages of 15 to 40. Just going out to walk the dog 😉
I'm calmer at 39. In my teens and 20s I felt that need to go out socializing just to look like I had an exciting life. In my mid 30s I married and relaxed at home instead. Less spending, less stress but I still have companionship and our best friends come over for dinner.
I actually love my mid life. Because you have money for stability, you have family to love you and you are still young to achieve big goals. It’s not a crisis, it’s best time.
For me the toughest years we 15-25. After 25 it's been pretty much cruise control. I'm in my 60s now. My advice to make mid-life easier is to plan better earlier and work towards positive goals. Additionally, don't waste money in your 20s-30s because you'll lose out on the magic of compounding gains. $1K traded monthly @ about 5% over 20 years means very early and very comfortable (and I mean VERY) retirement. Forget the monster pickup, the big house you don't need, the 'things' you don't actually need... trade early, trade often, trade for years. The best thing you can do for yourself is to master fundamental and technical analysis as soon as you're able - the sooner the better, because time is probably the most important part of the compounding equation.
I lost my Mom to breast cancer in August of 2001. Then my Dad passed away in July 2021 just one month shy of the 20th anniversary of my Mothers passing. Now I am 47. Some may consider that old but I feel I am too young to not still have parents in my life. I never imagined in my 20's that one day my parents wouldn't be there. I wish I could talk to my 20 something self to emphasize the importance of really appreciating my parents. My parents were overprotective. I was seeking my independence at that stage of my life and argued with them frequently. Back then I thought that home base would always be there for me and took it for granted. I'd give anything just to be able to have Sunday dinner with my folks again. My Mom was a hell of a cook.
Oh man... I feel your pain!! Because l went through something similar at 30's...first I lost my mother, and 4 years later I lost my father and my grandmother a month later... They all gone... I'm forty-five now and feel it like it was yesterday!! My advice to everybody is, enjoy as much you can the company of your family.. Be kind! Because we never know...
Thanks Ray...great advice... keep the good people around you and meditate...by the time many people are in their 40s their life is etched across their face and it ain't pretty ....but you have aged well and with dignity.
You know, meditation seeks answers from within, while prayer seeks answers from God. The reason AA has worked for so many people is largely because people recognize that they don't have the answers and instead seek gratitude for their gifts, or just the gift of life, and answers from the wisdom of God or the natural law. Asking yourself for the answers in a way is silly, because you're the one who put yourself in this mess in the first place. I have tried both ways, and I assure you the mindset and results are not the same.
Thanks for the shortcut, I was beginning to think I needed to learn how to meditate for some unknown advantage but I won't bother. Looking back I see God has been faithful to me , even answered some prayers in miraculous ways. Life doesn't happen to me, life is happening FOR me under His perfect control.
Exercise + diet+ meditation + reading- reduce time on the phone has great benefits. If only i could stop using the phone it would be great. Life is not that hard as we make it hard in our heads. I am battling anxiety , but with the right choices it gets easier . Good luck to you all
I’m a 64 year old woman. My advice for people younger than me is to enjoy life to the fullest while you still have your health and fitness. Take fun vacations, enjoy your family and friends, eat healthy and delicious food, play with your kids, have great sex, and try not to worry too much. Be kind to yourself and others and life will be kind to you.
I'm in my early 50s. I had my "mid life crisis" at 30, or what astrologically would be called a Saturn Return. Walked away from my career and found a great new one I never thought was possible. By 40, because of that earlier change, I had so much wealth built up inside of me that I decide to become an artist and share with the world what was in my heart. Both changes led me to incredible joys and tremendous amounts of free time, as well as out of this world spiritual experiences. If death should come to me now, I can honestly say that I would not feel cheated, even though I have much more living to do and many more surprises to encounter. I am in fantastic health and have a great marriage. The key to all of this wealth is for you to follow your heart, cut out everything in your life that keeps you from feeling free, and realize that we are all living on borrowed time. Once DEATH becomes your LOVER, you will have nothing to FEAR!
@@canadude6401 Thanks for your question. I was a High School teacher for 8 years when I finally heard Pink Floyd say, "Hey, Teacher! Leave those kids alone!" It then took about 18 months for me to find my second career working for a small but successful recording company (my savings went all the way down to ZERO during the transition). Started out as a computer/network tech, but quickly made my way up to the Chief Audio Engineer and Executive Producer in about 2 years time. Never even knew I had a talent for those things, and got paid much better than I ever could as a teacher. So the encouragement here is that if you know you don't belong somewhere anymore, make the jump...trust your intuition...and be willing to learn on the job. Lots of doors can open up that way for you. It will help, when making such changes, if you have a strong belief in YOURSELF, and a relationship with a Higher Power to guide you through the changes. Your INTUITION will guide you to a great place if you're brave enough to trust it!
@@arthurdanu1809 Thank you for your response Arthur. Love the Pink Floyd rationale ;) I like the shift you made. I worry about finances during a transition. I have made a goal to stick it out until the end of the year and then consider new directions in 2024, especially if a well deserved pay raise isn't granted. I think your key takeaway was "if you're brave enough to trust it". I have to get to a point that I develop the courage to leave the safe shore. Reminds me of a Mark Twain quote: "Twenty years from now you will be more disappointed by the things you didn't do than by the ones you did do. So throw off the bowlines, sail away from the safe harbor. Catch the trade winds in your sails. Explore. Dream. Discover" Thanks again for the response.
it's not bad advice but it's not terribly insightful. billionaire advice isn't the greatest, to the average person. how wealthy people leverage time is -- they pay people to do work for them (they have others do mundane/administrative tasks while they focus on high-value/high-return tasks).
I am 51 so it was good that this popped up. I didn't take too much from the video. Today I had day off work, it was a rainy day and I didn't get much out of the day. Yesterday I mowed the lawn, did gardening, went for a haircut and a meal, and I got a lot more out of the day. Today I lacked positive stimuli and my mood dipped. The weather around here is poor. I will consider buying Ray's book, maybe. I could do more reading, and get off the Internet. I enjoy walking but my most recent 10 mile walk I suffered afterwards, seems like something out of balance, need to see a specialist about. I plan and hope to resume my cycling hobby. I don't like the look of road cycling any more it looks dangerous to me now. So I would be cycling on paths and trails etc away from roads and cars etc. Good video, thought provoking. Ray is a multi billionaire one of the worlds' most wealthy person so its good he makes videos. At a certain age you never know how many years you have got left, he is leaving us with some of his good materials, for those that don't buy his book(s). And TH-cam is a lot more accessible than buying and reading books. Very good.
I think the 40s and 50s creates a mid life crisis for many people because folks wake up to the fact that it's your last hurrah. You're old enough where you reaped the fruit of whatever seeds you sowed in your 20s and 30s yet young enough to try to change course if you're not satisfied with where you're at in life. But that "changing course" is much more daunting in your 40s and 50s then it would've been in your 20s and 30s because of those responsibilities you now bear (family, career, etc.) versus the freedom/flexibility you had when you were younger. Personally, I always felt like the 20s and 30s is when the wet concrete is poured, 40s and 50s is when it begins to cure, and 60s and 70s+ is when it is fully hardened. So be careful what foundation you set for yourself!
midlife crisis happens because people spent their entire life up until that point without directing or leading their life towards higher ideals. life drags them around from here to there. eventually around 40-50 people become aware of their mortality and time is ticking and it forces self-reflection, which in turn shows wasted time, lack of self-driven direction and contemplation over if its too late to change course etc.
I believe not to take stress or at least take stress less as possible. Try to get a 200K job which is easy pay and try to keep your expenses low as possible, and for god sakes make sure you have a good soul mate one wrong move can go bad in long run, trust me, I been there. If you want to get out of this Rat Race, then take 2 years experience, make sure you have a good background record, good references from your job and provide a digital training for it.
If you’ve spent half your life or more without Jesus Christ, and you’re bogged down with life and the disappointment of a messed up world, it’s time you got in touch with your Creator and He will give you peace.
Educate yourself on the Reserve Bank monetary system. If you use the name on the State created birth certificate then you are the debtor and most likely you think like a debtor. Unplug from government and reorganise yourself in the private and reclaim your natural creditor standing.
I used to ride hard on the road, my heart had issues; now I just try to walk five miles a day. I am praying more, listening to podcast on the Bible in a Year, etc. Threw out some dead weight, work on my hobbies, help others and try to save what I can
In 40 it's harder to hide from the truth. You see that a lot of things you thought are good are simply not. You see that a world is a big mess and people who run it have no idea what to do about it. And then there are two ways - either to dupe yourself in order to forget what you've learned or face it, embrace it and trust your reason to go through. The latter way has rewards we've not yet discovered, but as any rewards after hard and good work they must be remarkable.
I guess I'm too weak for all this. In order to stay functional in my job, I had to sacrifice my private life as I destroyed all my relationships because of my constant stressed state. Luckily I have no children. The rat race is just too tough for me, I do it, but it messes up my life so badly. Will likely grow old alone.
Maybe it's a good time to eeigh a work change, and the steps you need to take to make that feasible... so you can increase your own wellbeing and relationships. That's a good problem to solve because the solutions will have a direct positive influence on your life!
I hope you're at least making a lot of money. If you are, maybe you can retire early and focus on your private life. Some will blithely tell you to switch careers, but that's like saying go climb Everest. Sounds like you tried the juggling act, but as you discovered the reality is that it's really hard to "have it all." Believe me, there are many in your same position.
I paid off my house at 40, travel a lot . Enjoy be at home doing nothing something just enjoy my backyard. Love my paid check since I have no debt. I love it.
correcto meditar, disfrutar de lo que a uno le gusta, servirle a la sociedad, a las personas que necesitan un apoyo, todo no es dinero en esta vida, tan solo somos un suspirito en la escala del tiempo en el universo, que no sabemos cuándo inicio, o cuando finalizara o si tan solo somos unas ideas en alguna dimensión escondida
40s are the age of big regret ... especially if you have not had kids ... your looks hit the wall fast , wrinkles and grey and haggered looks prohibit attraction from the opposite sex ... the years of failed relationships keep in your thoughts as a special kind of mental anguish and torture...life is like the juice thats not worth the squeeze ... a few passing momemts of happiness shrouded by years of long work hours , traffic jams and financial demands ... ill be glad to go when my time comes thats for sure
Very True! It’s all about prioritizing and choosing the right people to surround ourselves with at this very important life milestone. Thank you Ray for sharing your amazing wisdom!
Im doing mindfullnes because my partner recommended it and it works. Not reacting respondind. But I have an extreme sensitiveness and obsessiveness problem.
Мuch more happy at my almost 45, remember my 20es with horror no money, no brain, got "engaged" with many ppl I now wish I didn't do. Never want to go back. I guess it is very subjective, depends where you are coming from.
Adopt. Bc men have biological clocks too. And men past 35 that have children, they’re prone to disabilities, disease etc… just like women who have children later in life.
@@novelaego2404 I see what you mean. Meditating filled me with the feeling that chasing money was a poor use of life, that the future was a hallucination, and that I was valuable to society independent of my skills or contributions. Not really adaptive realizations in a society that requires money and rewards saving and value creation.
"Clinging to any form of conservatism can be dangerous. Become too conservative and you are unprepared for surprises. You cannot depend on luck. Logic is blind and often knows only its own past. Logic is good for playing chess but is often too slow for the needs of survival." - Frank Herbert
@@15IgorS I've been using the Win Hof app since last year and practicing the breathing method for about 3 years. I know what you are talking about. That's part or my morning routine every single morning right after my 20-30 minutes meditation and closing by doing the 5 tibetan rites.
@@automnejoy5308As I have been practicing for several years now, I can just sit down, close my eyes and disconnect. It's difficult for me to explain to you here, but that's what I do... I close my eyes and go to another dimension and by focusing on my breath. I do this once in the morning, first thing I do as soon as I open my eyes for 20-30 minutes and at night, I do a 15 minute one or a Pranayama breathing session right before bed.
@@thefifthstage369 Thanks for your response. Sounds nice. I may try it. I'm the same age as you. Always interested to know what my peers are up to these days in this dark and troubled world. lmao.
Blah, blah, blah....just another rich person giving advise because he's got the greenbacks. In this society, having greenbacks = I-konw-it-all 😂 Wait till you find out how his greenbacks were obtained. 😟
@Bryan.S As a beginner investo, it's essential for you to have a mentor to keep you accountable. I'm guided by PATRICIA V VESELY a widely known crypto consultant 💪
@Bryan I'm sure her services is available outside the US, 🌏 but you gotta ask her first. I'm positive because I have a friend who stays in Australia and is using her services too. You should ask her though to know if she offers her services to your country.
lets be real here we only listen to Ray because he is ultra rich if he wasnt we wouldnt even be here listening to the guy and Ray himself is only Rich becuase he could get enough rich people to back his investment decisions making them even richer, so what are we really looking for when we watch Ray its MONEY we want MONEY and we want to know how to get it so we dont have to work anymore. I want a nice freehold home and a nice car and a nice bank account so i can retire early thats it.
For me "retire early" means I have time freedom and then the resources/money to do what I want with the time that I have. Doing it early means I have the youthful health to physically enjoy many things I want to do a long with having enough time in my life span to complete them.
Hello sir good afternoon 😊 I am big fan of ur work style and be calmed with every situations I always follow the rules and being disciplined with my all my work policy and for my health
he's not saying it explicitly, but what he means is that time is finite and to leverage your time you need to get an employee to do mundane/admin tasks for you while you focus on high-value tasks. this is not very applicable to the majority of people. "Simple, get worker bees to do the boring stuff for you! " LOL
I am going into my 40y soon. I just received an offer from a university for computer science learning. I will try to take it which means I have to quit my current job as a banking branch manager, to pursue a second career.
In my case is: 20 ...20...20+ 0 to 20 at school.......21 to 40 get your experience........41 to today.....quit your job at 40, start your own business, create your personnal bank. create your real estate business Note: at 40..... I could take my retirement......but with robotic,automation and numerisation facility's.....since 2000.....and working from home..... Can't ask for better life
Thanks for the pointers, Ray. Already figured them out, and never too much communication, hence journaling them everyday is my advice to others in the comments. Focus, time & health are most precious indeed.
Hell dear Ray, I was reading your wonderful Book: Principles. It's one of the best ever as personal improvement. especially because you are a living example of improvement and complete full Life. Most of "gurus" just describe something that never happened to them. 😎☯
I have no family, and in the past 4 years the value of my assets dropped by 50% due to inflation and the housing price spike (in places worth retiring to, house prices have doubled). Depressing.
Many would agree that 30's are quite similar to 20's if you take a good care of yourself. Then 40's are similar to 30's and even 20's because the question of the same sort arises across all these age groups including you reading this comment. "What 40's are like?" just the same way younger people are wondering what 30's are like.
Ray how are the China predictions going, as a billionaire what do you know about a tough life? How big is your safety net, which allows you take huge chances?
His principles surely don't apply to all persons at all times, no matter their age. Sometimes a person has a problem, a massive, cruel problem..and they find they are very ill and can barely function. At that point it's about either survival and believing in a comeback, or about making peace with dying and death..not about success.
Looks like Dioganese was right. The best someone has as advice at the apex of capatilisn is asking us to prey and hope anything you have accumulated in the past will help you overcome the futurre.. I will now place my phone to the left and let the 'Rays' of sunshine in.. Best advice all year. It was given thousands of years ago.That wine barrel is looking an increasingly inviting place to reside.
Not many advices are given to people in their 40s or 50s but to save money for their retirment, I think more than just finding ways to be more effective try to enjoy life the best you can after all life can't be just about working right? we will become old and uneffective in less than 2 decades and the money might as well be used to pay medical bills...
Can sport practice be considered meditation? Cause I find meditation really unbearable, I tried and failed miserably, I get asleep or bored. But when I'm running, or lifting weights , or practicing any sportr I like, I feel great. But I dont know if its the same as meditating
I have too much free time in life. There is a problem for me to fill every day with activities. I am planning to be a gym member....and starting to hiking (long walks every day)....
I am currently in my 50s and This is no time to taper retirement savings. I want to max out my retirement contributions and I also have another $200k in a savings account that i want to invest in a non-retirement account. Where should I invest it now?
Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert
A good number of people discredit the effectiveness of financial advisors in exploring new markets, but over the past 10years I’ve had a financial advisor consistently restructure and diversify my portfolio/expenses and I’ve made over $1.2m in gains… might not be a lot but i'm financially secure.
I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?
My CFA ‘Grace Adams Cook’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
I just looked her up on the web out of curiosity and I would say she really has an impressive background in investing. I will write her an email shortly.
I wish i learnt most of these principles about seven years ago. A lot of people have been trapped strongly in the matrix-- Go to school, get a job, and then slave your whole life. Many miss out on life-changing information that could have great effect on their finances. I played with the stock market sometime in 2020, and I was surprised at how well it turned out. I want to put in $75k more into the market. I heard people are making really great returns despite the downturn. Any recommendations?
Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over $250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look.
My wife and I were following this same trajectory. Last two years, I pulled out my money and invested with her wealth manager. Not catching up with her profits over the years, but at least I earn more.
@@edward.abraham For real, I have wanted to switch to a wealth manager. Please, could you recommend yours?
@@andrew.alonzo It's best you do your due diligence, I have my portfolio overseen by “Julia Ann Finnicum” and her qualifications speak for itself. Most likely, the internet is where to find basic info, she has a noticeable page for consulting.
@@edward.abraham I just googled her name and her website came up right away. It looks interesting so far. I'm going to book a call with her and let you know how it goes. Thanks
investing requires good experience and knowledge to carry out a good and successful trade, I have lost a lot trying to trade all by myself May I ask which investments are good??>>>>
When I turned 40, I decided to take up something I used to say I hated. Which was running. Started with one lap on track, progressed to 4 laps, and then around the campus. My coworkers had a running club to do races. They asked if I wanted to join. that’s how I did my first 5k. 5k became 10k. 10k became half marathon. Half became full marathon. By the time I was 45, I turned to hiking and trail running because I lived next to Los Angeles’ biggest urban park with many trail miles. Later I took up backpacking and mountaineering, completed Whitney as a day hike. I had done multi-day trekking in England and the Alps. By 52, I became immersed in yoga, taking 2 to 3 classes a day, 5 days a week for 3 years. Covid I was dormant for 18 months. In mid 2021 I moved to a retirement park just when amenity got reopened (closed during Covid time). It’s first time I had daily access to an empty heated pool (no one uses it). I didn’t know know to swim so I watched youtube to teach myself front crawl and breaststroke. By now I can do both well, working on stamina and distance. I am also studying triathlon because I want to eventually learn how to bike. I hope I can try my first sprint tri when I turn 60 in a couple of years. Basically I spent 20 years from 40 to 60 to try what I hated doing from 0 to 39 (I’d rather read books). I don’t know what ppl do during mid life but I certainly hadn’t had any crisis. I had been busy getting in depth both intellectually and physically, learning and progressing in outdoor activities. If I was told in my 20/30s I’d be an active person later in life, I’d say no way that ain’t me LOL
do kinobody
How do I share comments :(
I am 27, I hate running. I am obese. I have never been in a relationship. Apparently I have been through a lot as my therapist says. I did not even know. Got my first session in therapy last week. I ran today, very very less. It seems impossible at the moment. I ran yesterday as well, saw little change on the scale even though I had less food (healthy too), still saw very less change on the scale today morning. Just seems impossible at the moment. I can't even imagine getting started at 40. Congrats. (Also I don't know swimming, I was ashamed that I am likely the only person. Thanks, if I loose weight, I will learn how to swim too ig)
Do you have kids and a spouse?
@@missioncodez I've never once seen a runner smiling, but walkers always smile.
@@l.swethaswetha6249 I don't have your exact experience. But life throws curve ball to everyone. When nothing works, i just tell myself. I only have to be a little bit better than yesterday. You may not see changes in your scale. But I am sure your muscle is getting stronger little by little. And you are building a healthy habit and building a discipline mindset. Things are happening underneath. You don't see it yet. But you will. Have patience and be kind to yourself. I don't know you. But i will be your cheerleader cuz i believe in you.
I would add to that one thing. Exercise every day for at least 20 min. I started with a combination of Cardio / Yoga / Qui Gong / strength workout. Alternating every day. That had the biggest impact right after meditation.
I agree. PhYSICAL movement will change ur life, and its been the hardest thing I've ever tried to do. Especially since we live in a sedentary life, it's absolutely critical.
20 mins is too little people who say they dont have the time i mean comon an hour a day really?
...@@baldyhardnut260 I was a master fitness trainer in the Army. Anyone can get smoked in 20 minutes, even less. I can have someone completely exhausted, heart rate working, lungs wide open, muscles engaged in well under and hour, 10 minutes actually. Most people do not need to do an hour a day. Once or twice a week go for the hour or more, but 30 minutes a day done right is plenty.
Breathing heavy and heart rate high in a short time only really results in burnt glycogen stores, not much else...at least not sustainably.
@@davidvanwye8108 .. short bursts of intense physical activity are excellent for cardiovascular health.
I started meditating at 45. This ended decades of ADHD meds and had a long list of other benefits.
Finding a good meditation teacher and practice is worth more than almost anything.
Learning to meditate was the best thing I’ve ever done…now I just have to get back to it.
For real? I’m 43 and only just started taking meds for my ADHD a few months ago and the benefits have been remarkable but I don’t always love the way they make me feel. They say it’s a trade off, cost vs benefits and the benefits win for me but if there’s a way to effectively treat my ADHD without meds, that would be wonderful. I’ll look more into this, thanks for sharing.
I've been thinking about this - i need it bad -
We experienced the pinnacle of our era, but it is now gone. Like what happened to Rome, the corrupt administration will bring this nation to an end. My condolences go out to anyone who is close to retiring and may be worried about whether their pension will be enough to pay the rising cost of living. Insane fiscal policy, poor regulatory policy, poor energy policy, and poor foreign policy
Personally, I can connect to that. When I began working with "Ruth Loralann Brennan," a fiduciary financial counsellor, my advantages were certain. In these circumstances, I would always advise getting professional help so they can steer you through choppy markets and just give you indicators and strategies for knowing when to enter and exit the market.
@James Cooper You can look up the financial advisor using her complete name on your computer; I hire her since she looks after the portfolios of renowned investors.
@@danieljackson87 I greatly appreciate it. I'm fortunate to have come upon your message because investing greatly fascinates me. I'll look her up and send her a message. You've truly motivated me. God's blessings on you
Please come up with a new scam guys. The name dropping financial advisor scam has been out played for the past 5 years. Don't be lazy. Put the effort into a new scam. Let this one go...your making fools of yourself. Take you and all your lazy friends with you. Only come back when you have a new scam.
@@danieljackson87 "Ruth Loralann Brennan" was indicted last week.
It's great advice. But it's advice for the world we live in. Stemming at the root of all this, when you think about. It is all coming from attaining money and making sure that money can always be there for us. And so this, "crisis," that lays hidden in all of us, is coming from our need for financial security. But WHY ? Why is it even like that in the first place ? If the Capitalist system was a relationship, you would have left it a long time ago for be so draining, manipulating and truthfully complicated. No one is questioning the DAMN system that keeps us all like this. Even Dalio, if his wealth disappeared would he be so calm and collected ? ...No, I don't think so.
Most insightful comment I've seen on this video...goes straight to the root problem.
I'm 39, and I can relate to this. How to be a good father, husband and professional - all at the same time. It's tough, man. On another front: this has been a moment for deep thinking, rebalancing, reinvention of oneself. I've just met my goals set on my 20s, so what's next? Reinventing myself, redefining priorities and setting new objectives has been the focus for me...
Might not be over as fast as you think btw, especially if you do throw your life upside down by doing drastic things - job changes, relocation, major financial decisions etc.
Midd life learnings :)
I'm right there, 38 and trying to balance it all, while trying to advance in the career to be able to provide. It's tough!
I’m your age as well, could agree more 👊🏻👊🏻
hold frame
Great advice. For me, I am quite happy right now in my forties. The whole 40s being difficult just becomes self fulfilling for a lot of people I think. However, I am not successful in the business sense, I am not married, things have been a bit crazy but I am happy. Things where crazier between the ages of 15 to 40. Just going out to walk the dog 😉
Walking a dog has so many benefits. It can be meditative, cardiovascular, reconnecting, energizing, therapeutic and just plain fun!
@@starryspicytacgogh4331 yeah walking them... Playing with them... Best giving them the bathe... Nothing cuter...
@@yankeedoodle6293 heheh anytime
I'm calmer at 39. In my teens and 20s I felt that need to go out socializing just to look like I had an exciting life. In my mid 30s I married and relaxed at home instead. Less spending, less stress but I still have companionship and our best friends come over for dinner.
That's actually depressing
The part about leverage and getting more out of the time you already have is critically important. Love it. Thanks Ray.
I'm curious to know how leveraging is done. Delegating tasks and eventually paying for it?
I actually love my mid life. Because you have money for stability, you have family to love you and you are still young to achieve big goals. It’s not a crisis, it’s best time.
For me the toughest years we 15-25. After 25 it's been pretty much cruise control. I'm in my 60s now. My advice to make mid-life easier is to plan better earlier and work towards positive goals. Additionally, don't waste money in your 20s-30s because you'll lose out on the magic of compounding gains. $1K traded monthly @ about 5% over 20 years means very early and very comfortable (and I mean VERY) retirement. Forget the monster pickup, the big house you don't need, the 'things' you don't actually need... trade early, trade often, trade for years. The best thing you can do for yourself is to master fundamental and technical analysis as soon as you're able - the sooner the better, because time is probably the most important part of the compounding equation.
Because youre a boomer. Your generation had 80% more buying power than anybody born after 1990
I feel like I already went through all this in my 20’s having lost both my parents
I am like that, I've aged backwards
I’m sorry for your loss and I pray for your strength, and for your parents
I lost my Mom to breast cancer in August of 2001. Then my Dad passed away in July 2021 just one month shy of the 20th anniversary of my Mothers passing. Now I am 47. Some may consider that old but I feel I am too young to not still have parents in my life. I never imagined in my 20's that one day my parents wouldn't be there. I wish I could talk to my 20 something self to emphasize the importance of really appreciating my parents. My parents were overprotective. I was seeking my independence at that stage of my life and argued with them frequently. Back then I thought that home base would always be there for me and took it for granted. I'd give anything just to be able to have Sunday dinner with my folks again. My Mom was a hell of a cook.
Oh man... I feel your pain!! Because l went through something similar at 30's...first I lost my mother, and 4 years later I lost my father and my grandmother a month later... They all gone...
I'm forty-five now and feel it like it was yesterday!! My advice to everybody is, enjoy as much you can the company of your family.. Be kind! Because we never know...
I am so sorry. I lost my mom last year, she went too soon. It was so unexpected. I can only imagine the amount of pain for losing both my parents.
Thanks Ray...great advice... keep the good people around you and meditate...by the time many people are in their 40s their life is etched across their face and it ain't pretty ....but you have aged well and with dignity.
Fame and fortune don't offer peace of mind. Good relationships, with self and others are essential. We're human beings, not human doings.
Thank you sir , meditation's benefits are real 🙏 ✌️👍
You know, meditation seeks answers from within, while prayer seeks answers from God. The reason AA has worked for so many people is largely because people recognize that they don't have the answers and instead seek gratitude for their gifts, or just the gift of life, and answers from the wisdom of God or the natural law. Asking yourself for the answers in a way is silly, because you're the one who put yourself in this mess in the first place. I have tried both ways, and I assure you the mindset and results are not the same.
Thanks for the shortcut, I was beginning to think I needed to learn how to meditate for some unknown advantage but I won't bother. Looking back I see God has been faithful to me , even answered some prayers in miraculous ways. Life doesn't happen to me, life is happening FOR me under His perfect control.
Exercise + diet+ meditation + reading- reduce time on the phone has great benefits. If only i could stop using the phone it would be great. Life is not that hard as we make it hard in our heads. I am battling anxiety , but with the right choices it gets easier . Good luck to you all
I’m a 64 year old woman. My advice for people younger than me is to enjoy life to the fullest while you still have your health and fitness. Take fun vacations, enjoy your family and friends, eat healthy and delicious food, play with your kids, have great sex, and try not to worry too much. Be kind to yourself and others and life will be kind to you.
That is far better advice than Dalio's.
@@4040smokey hear, hear
I'm in my early 50s. I had my "mid life crisis" at 30, or what astrologically would be called a Saturn Return. Walked away from my career and found a great new one I never thought was possible. By 40, because of that earlier change, I had so much wealth built up inside of me that I decide to become an artist and share with the world what was in my heart. Both changes led me to incredible joys and tremendous amounts of free time, as well as out of this world spiritual experiences. If death should come to me now, I can honestly say that I would not feel cheated, even though I have much more living to do and many more surprises to encounter. I am in fantastic health and have a great marriage. The key to all of this wealth is for you to follow your heart, cut out everything in your life that keeps you from feeling free, and realize that we are all living on borrowed time. Once DEATH becomes your LOVER, you will have nothing to FEAR!
Just wow
that's awesome. My foot has often been out the door of my 9-5. If you don't mind me asking, what career change did you make?
@@canadude6401 Thanks for your question. I was a High School teacher for 8 years when I finally heard Pink Floyd say, "Hey, Teacher! Leave those kids alone!" It then took about 18 months for me to find my second career working for a small but successful recording company (my savings went all the way down to ZERO during the transition). Started out as a computer/network tech, but quickly made my way up to the Chief Audio Engineer and Executive Producer in about 2 years time. Never even knew I had a talent for those things, and got paid much better than I ever could as a teacher. So the encouragement here is that if you know you don't belong somewhere anymore, make the jump...trust your intuition...and be willing to learn on the job. Lots of doors can open up that way for you. It will help, when making such changes, if you have a strong belief in YOURSELF, and a relationship with a Higher Power to guide you through the changes. Your INTUITION will guide you to a great place if you're brave enough to trust it!
👏👏🏼
@@arthurdanu1809 Thank you for your response Arthur. Love the Pink Floyd rationale ;)
I like the shift you made. I worry about finances during a transition. I have made a goal to stick it out until the end of the year and then consider new directions in 2024, especially if a well deserved pay raise isn't granted.
I think your key takeaway was "if you're brave enough to trust it". I have to get to a point that I develop the courage to leave the safe shore.
Reminds me of a Mark Twain quote:
"Twenty years from now you will be more disappointed by the things you didn't do than by the ones you did do.
So throw off the bowlines, sail away from the safe harbor.
Catch the trade winds in your sails.
Explore. Dream. Discover"
Thanks again for the response.
it's not bad advice but it's not terribly insightful. billionaire advice isn't the greatest, to the average person. how wealthy people leverage time is -- they pay people to do work for them (they have others do mundane/administrative tasks while they focus on high-value/high-return tasks).
Amazing lack of any concrete information in these two minutes of non-answers.
I am 51 so it was good that this popped up. I didn't take too much from the video. Today I had day off work, it was a rainy day and I didn't get much out of the day.
Yesterday I mowed the lawn, did gardening, went for a haircut and a meal, and I got a lot more out of the day.
Today I lacked positive stimuli and my mood dipped. The weather around here is poor.
I will consider buying Ray's book, maybe.
I could do more reading, and get off the Internet.
I enjoy walking but my most recent 10 mile walk I suffered afterwards, seems like something out of balance, need to see a specialist about.
I plan and hope to resume my cycling hobby. I don't like the look of road cycling any more it looks dangerous to me now. So I would be cycling on paths and trails etc away from roads and cars etc.
Good video, thought provoking.
Ray is a multi billionaire one of the worlds' most wealthy person so its good he makes videos.
At a certain age you never know how many years you have got left, he is leaving us with some of his good materials, for those that don't buy his book(s). And TH-cam is a lot more accessible than buying and reading books.
Very good.
I think the 40s and 50s creates a mid life crisis for many people because folks wake up to the fact that it's your last hurrah. You're old enough where you reaped the fruit of whatever seeds you sowed in your 20s and 30s yet young enough to try to change course if you're not satisfied with where you're at in life.
But that "changing course" is much more daunting in your 40s and 50s then it would've been in your 20s and 30s because of those responsibilities you now bear (family, career, etc.) versus the freedom/flexibility you had when you were younger.
Personally, I always felt like the 20s and 30s is when the wet concrete is poured, 40s and 50s is when it begins to cure, and 60s and 70s+ is when it is fully hardened. So be careful what foundation you set for yourself!
midlife crisis happens because people spent their entire life up until that point without directing or leading their life towards higher ideals. life drags them around from here to there. eventually around 40-50 people become aware of their mortality and time is ticking and it forces self-reflection, which in turn shows wasted time, lack of self-driven direction and contemplation over if its too late to change course etc.
I believe not to take stress or at least take stress less as possible. Try to get a 200K job which is easy pay and try to keep your expenses low as possible, and for god sakes make sure you have a good soul mate one wrong move can go bad in long run, trust me, I been there. If you want to get out of this Rat Race, then take 2 years experience, make sure you have a good background record, good references from your job and provide a digital training for it.
Thank you so much for being a mentor! You have significantly added to my life!
I would add daily prayer & a healthy relationship with God. Take care…
I can just ask my father for multiple small 1 million dollar loans.
My advice, read my book. Thanks Ray.
Meditation, leverage? Gimme a break. The most useless advice from a so called "guru". I wish I had those 2min back. Ugh.
Can someone explain leverage to me? What it means?
If you’ve spent half your life or more without Jesus Christ, and you’re bogged down with life and the disappointment of a messed up world, it’s time you got in touch with your Creator and He will give you peace.
Educate yourself on the Reserve Bank monetary system. If you use the name on the State created birth certificate then you are the debtor and most likely you think like a debtor. Unplug from government and reorganise yourself in the private and reclaim your natural creditor standing.
I used to ride hard on the road, my heart had issues; now I just try to walk five miles a day. I am praying more, listening to podcast on the Bible in a Year, etc. Threw out some dead weight, work on my hobbies, help others and try to save what I can
@stephenw2671 working on saving myself right now. It has meant changes, but I suspect things are about to change for everyone
In 40 it's harder to hide from the truth. You see that a lot of things you thought are good are simply not. You see that a world is a big mess and people who run it have no idea what to do about it. And then there are two ways - either to dupe yourself in order to forget what you've learned or face it, embrace it and trust your reason to go through. The latter way has rewards we've not yet discovered, but as any rewards after hard and good work they must be remarkable.
I guess I'm too weak for all this. In order to stay functional in my job, I had to sacrifice my private life as I destroyed all my relationships because of my constant stressed state. Luckily I have no children. The rat race is just too tough for me, I do it, but it messes up my life so badly. Will likely grow old alone.
Maybe it's a good time to eeigh a work change, and the steps you need to take to make that feasible... so you can increase your own wellbeing and relationships. That's a good problem to solve because the solutions will have a direct positive influence on your life!
"Weigh"
I hope you're at least making a lot of money. If you are, maybe you can retire early and focus on your private life. Some will blithely tell you to switch careers, but that's like saying go climb Everest. Sounds like you tried the juggling act, but as you discovered the reality is that it's really hard to "have it all." Believe me, there are many in your same position.
@@automnejoy5308 A decent amount of money, but certainly not extraordinary. But yes, retiring early is my goal, as soon as possible.
Ray Dalio is rich but has messed up family. He also has messed up employees who have no personal lives. He is a big talker.
i watch this at my 30s so i can anticipated the all things. Master Plan here
I paid off my house at 40, travel a lot . Enjoy be at home doing nothing something just enjoy my backyard. Love my paid check since I have no debt. I love it.
correcto meditar, disfrutar de lo que a uno le gusta, servirle a la sociedad, a las personas que necesitan un apoyo, todo no es dinero en esta vida, tan solo somos un suspirito en la escala del tiempo en el universo, que no sabemos cuándo inicio, o cuando finalizara o si tan solo somos unas ideas en alguna dimensión escondida
40s are the age of big regret ... especially if you have not had kids ... your looks hit the wall fast , wrinkles and grey and haggered looks prohibit attraction from the opposite sex ... the years of failed relationships keep in your thoughts as a special kind of mental anguish and torture...life is like the juice thats not worth the squeeze ... a few passing momemts of happiness shrouded by years of long work hours , traffic jams and financial demands ... ill be glad to go when my time comes thats for sure
Damn this hit me hard because I can relate 😢
I would recommend not sitting at a table where the sun is in your eyes and you have to squint uncomfortably
Thank you Ray, you are a great mentor, and I wish you the best
i was over 100k a year turning 50. now I am at 18$ an hr. living life backwards. midlife hits hard.
sink or swim. that's the reality. accept what you're given or take what you deserve.
Very True! It’s all about prioritizing and choosing the right people to surround ourselves with at this very important life milestone. Thank you Ray for sharing your amazing wisdom!
Im doing mindfullnes because my partner recommended it and it works. Not reacting respondind. But I have an extreme sensitiveness and obsessiveness problem.
Ray talks but says nothing. The empty yapping of an old dog.
Mid life crisis in the 40s. Juggling between parents and children. great analysis 👍
leverage: inheritance + no wife + no kids = time to be healthy, wealthy and happy
Мuch more happy at my almost 45, remember my 20es with horror no money, no brain, got "engaged" with many ppl I now wish I didn't do. Never want to go back. I guess it is very subjective, depends where you are coming from.
Thanks Dalio... I needed this exactly today
What is your advice to Scandinavian people who got their life&business okay and who try to make a child in their 40s?
Adopt. Bc men have biological clocks too. And men past 35 that have children, they’re prone to disabilities, disease etc… just like women who have children later in life.
I wish I had meditated less and chased money more in my 20s. Compound interest is amazing.
you were mediating 8+ hours a day? I dont get this comment.
@@novelaego2404 I see what you mean. Meditating filled me with the feeling that chasing money was a poor use of life, that the future was a hallucination, and that I was valuable to society independent of my skills or contributions. Not really adaptive realizations in a society that requires money and rewards saving and value creation.
@ Eric Smith gotcha 🙏🏼✌🏼✌🏼
This hits home
"Clinging to any form of conservatism can be dangerous. Become too conservative and you are unprepared for surprises. You cannot depend on luck. Logic is blind and often knows only its own past. Logic is good for playing chess but is often too slow for the needs of survival." - Frank Herbert
You are sitting in an office in an American city preaching meditation....and we are somehow supposed to take you seriously 😂😂😂😂
I started meditating at 30, I'm 35 now. Best decision ever made, my depression dessapeared!
What do you do, exactly? How much time do you spend on it?
I can suggest to do the Wim hof breathing method. And you could find guided meditations on TH-cam and apps. But the breathing method is amazing!
@@15IgorS I've been using the Win Hof app since last year and practicing the breathing method for about 3 years. I know what you are talking about. That's part or my morning routine every single morning right after my 20-30 minutes meditation and closing by doing the 5 tibetan rites.
@@automnejoy5308As I have been practicing for several years now, I can just sit down, close my eyes and disconnect. It's difficult for me to explain to you here, but that's what I do... I close my eyes and go to another dimension and by focusing on my breath. I do this once in the morning, first thing I do as soon as I open my eyes for 20-30 minutes and at night, I do a 15 minute one or a Pranayama breathing session right before bed.
@@thefifthstage369 Thanks for your response. Sounds nice. I may try it. I'm the same age as you. Always interested to know what my peers are up to these days in this dark and troubled world. lmao.
Blah, blah, blah....just another rich person giving advise because he's got the greenbacks. In this society, having greenbacks = I-konw-it-all 😂 Wait till you find out how his greenbacks were obtained. 😟
I really thought I will come across something useful in this video! 😐
I am indeed in some of the worst years of my life : stretched from everywhere …
You can do it! 😃
Just(relax)& do it and pray for every day.
Ray left out a very important piece of advice for those in their 40s and 50s; have billions of dollars.
Yes, I'm busy, I'm behind my schedule but I do prioritise meditation 💫
I’m in my 60s and I’m having mid life crisis. .. ….on a positive note. I guess I’ll live till I’m 120. Lol !😂
Meditation is not enough, lift heavy weights.
Thanks for keeping us financially educated ❤ I'm favoured, regardless of how bad it gets on the economy, I still make $27,000 every single week.. .
@Bryan.S As a beginner investo, it's essential for you to have a mentor to keep you accountable. I'm guided by PATRICIA V VESELY a widely known crypto consultant 💪
@Bryan I'm sure her services is available outside the US, 🌏 but you gotta ask her first. I'm positive because I have a friend who stays in Australia and is using her services too. You should ask her though to know if she offers her services to your country.
Learn new skills always. It’s great for cognitive maintenance and gives you new endeavours to pursuit
lets be real here we only listen to Ray because he is ultra rich if he wasnt we wouldnt even be here listening to the guy and Ray himself is only Rich becuase he could get enough rich people to back his investment decisions making them even richer, so what are we really looking for when we watch Ray its MONEY we want MONEY and we want to know how to get it so we dont have to work anymore. I want a nice freehold home and a nice car and a nice bank account so i can retire early thats it.
For me "retire early" means I have time freedom and then the resources/money to do what I want with the time that I have. Doing it early means I have the youthful health to physically enjoy many things I want to do a long with having enough time in my life span to complete them.
Trust in my Lord Jesus and I always fine.
Never knew you were into meditation Ray. Wise advice 🙏🏻
I’m 58 years young and in 60 days l will be 59 and fine. 😀
My 40’s were the hardest.
Good work Ray mostly gibberish though
I will be 50 in three years and tbh, I don’t want to meet anyone around me
Hello sir good afternoon 😊
I am big fan of ur work style and be calmed with every situations
I always follow the rules and being disciplined with my all my work policy and for my health
Well you could say that take it chill and sleep more.
50s probably isn't "mid-life"
What do you mean by leverage yourself? It seems like a vague answer. I have no idea what this advice means. Can someone please explain better? Thx
he's not saying it explicitly, but what he means is that time is finite and to leverage your time you need to get an employee to do mundane/admin tasks for you while you focus on high-value tasks.
this is not very applicable to the majority of people. "Simple, get worker bees to do the boring stuff for you! " LOL
I am going into my 40y soon. I just received an offer from a
university for computer science learning. I will try to take it which means I have to quit my current job as a banking branch manager, to pursue a second career.
Being 37 sucks - looking forward to 47
Sense of security, like pockets jinglin'....
Meditation is key, for any age I would say!
Thank you for your great advice.. meditation and leverage!
In my case is: 20 ...20...20+
0 to 20 at school.......21 to 40 get your experience........41 to today.....quit your job at 40, start your own business, create your personnal bank. create your real estate business
Note: at 40..... I could take my retirement......but with robotic,automation and numerisation facility's.....since 2000.....and working from home.....
Can't ask for better life
Ah he's selling a book! I get it now.
Thanks for the pointers, Ray. Already figured them out, and never too much communication, hence journaling them everyday is my advice to others in the comments. Focus, time & health are most precious indeed.
Hell dear Ray, I was reading your wonderful Book: Principles. It's one of the best ever as personal improvement. especially because you are a living example of improvement and complete full Life. Most of "gurus" just describe something that never happened to them. 😎☯
Just what needed to hear! 🙏 thank you for advise
Problem is leverage is extremely expensive.
Don’t forget to laugh
"Meditate. It won’t be fun but it will surface what you need to deal with." -Naval Ravikant
I have no family, and in the past 4 years the value of my assets dropped by 50% due to inflation and the housing price spike (in places worth retiring to, house prices have doubled). Depressing.
Many would agree that 30's are quite similar to 20's if you take a good care of yourself. Then 40's are similar to 30's and even 20's because the question of the same sort arises across all these age groups including you reading this comment. "What 40's are like?" just the same way younger people are wondering what 30's are like.
Ray how are the China predictions going, as a billionaire what do you know about a tough life? How big is your safety net, which allows you take huge chances?
agreed. LOL
He has been a billionaire his whole life. Appreciate the advice given and set a aside negativity.
This is an ad.
His principles surely don't apply to all persons at all times, no matter their age. Sometimes a person has a problem, a massive, cruel problem..and they find they are very ill and can barely function. At that point it's about either survival and believing in a comeback, or about making peace with dying and death..not about success.
Meditation is key. Also manage your stress by having a practice otherwise you'll succome to the outside tendencies of this planet.
I was expecting Dalio to help me in what to do against AI's and bombs falling from the sky, with me 40, fatty, and with my knees hurting.
Looks like Dioganese was right. The best someone has as advice at the apex of capatilisn is asking us to prey and hope anything you have accumulated in the past will help you overcome the futurre.. I will now place my phone to the left and let the 'Rays' of sunshine in.. Best advice all year. It was given thousands of years ago.That wine barrel is looking an increasingly inviting place to reside.
Not many advices are given to people in their 40s or 50s but to save money for their retirment, I think more than just finding ways to be more effective try to enjoy life the best you can after all life can't be just about working right? we will become old and uneffective in less than 2 decades and the money might as well be used to pay medical bills...
Can sport practice be considered meditation? Cause I find meditation really unbearable, I tried and failed miserably, I get asleep or bored. But when I'm running, or lifting weights , or practicing any sportr I like, I feel great. But I dont know if its the same as meditating
I have too much free time in life. There is a problem for me to fill every day with activities. I am planning to be a gym member....and starting to hiking (long walks every day)....
There isn't any advice that can save you from this shitty world, just make it through buddy the best you can.....oops that's advice