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| Ray Dalio, is a billionaire with a net worth of +19 billion USD. |
Opinion article, written by Irvis Murillo.
8 years ago, specifically in the years 2014-2015 and 2016, I had the opportunity to earn money to study. In fact, I had a full scholarship, which allowed me to earn up to 300 USD (1000 soles) per month, and I only had to focus on studying. My job, then, was only to study.
Being an imbebebe boy, and carried away by the emotions of this world, and above all, the marketing of consumption, I had a life where the money I was paid to study, I consumed it, or burned it, in things that lose value over time. I am not one of those guys who are so imbebecile and drunk, or who had a useless life; and although I did not reach that point, I did reach the point of spending my money, that money, on things that now have no value. For example, on expensive clothes, on expensive shoes, on expensive glasses, on expensive watches...etc.
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| If you want a financial life without prejudice, then buy things that will not lose value over time. |
All those actions, I see them now, as a great missed opportunity, and honestly, it is one of the actions, or set of actions, in which I truly regret. In those days, I was between the ages of 19 and 20, and 21; and those were the most opportune times, when I should have taken advantage of that opportunity, and I never did.
However, I remember that when I calculated my money and my expenses, I realized that I lacked money, and I did not know what I was spending it on: I did not understand where and in what way my money was going; and I even wanted to seek help from someone, but I think that would be a fatal mistake, since I wanted to consult and get advice from someone who did not know about money either. Perhaps for some reason, I never got advice, and I'm glad I didn't consult that person.
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I tried by various methods, to understand about finances, investments, and everything related to the world of money, and how to create wealth; and for that, I soaked myself in YouTube videos, read Forbes in Spanish; but, instead of getting me out of that hole of lack of knowledge, the more they confused me, and I never got to understand, about finances, and wealth creation.
Therefore, if you want to learn about finance and money management; never watch videos on YouTube to understand it; because they will not lead you to any destination, and rather, they will confuse you, and will only offer you courses or programs about it. If you want to waste time, money, and resources on YouTube, well, you are free to do so, however, you will not get anywhere. So where do you find useful information? The key is in books; and if you want to learn about any subject, books will help you. I assure you.
Books opened my mind, and even though many of them are long, I was able to understand my mistakes, and my errors, and I corrected them immediately. And little by little, I began to realize how money works, and what the current economy is based on. In addition, I learned and answered a question that many people ask themselves: Why are the rich richer and the poor poorer?
I know very well that we are now going through a period of economic transition, and it is painful; and like any process, it hurts well, and it is felt. It is a good kick in the genital organs of men, and a good kick, in women. However, it is good to remind you that, despite the fact that we are living a transition, there are still thousands of people, and a lot of them, who always live as if it were a whole process.
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| You don't need a master's degree or a doctorate in economics. Some of the richest men in the world have no higher education. |
That is to say, there are people that being the economy bad, and not bad; they always live in a hurry to make ends meet and survive. And that is not a problem of a government, or of socialism, or of any ideology in our American territory; but, an irresponsibility, that we must assume, and face the commitment.
And that is good to tell you, because if you want to live peacefully, and not die trying, and to lead a full life (which by the way, is not bad), then, it is necessary, that you, self-analyze, and take action on the matter. And in this article, I will leave you a video, that during 30 minutes of your life, you will be able to understand, in a concise way, in a detailed way, in a unique, and true way; about how the world economy machine works.
You can watch it, in the following video.
This video taught me about economics, and it was more than a doctorate, or a master's degree in economics; and all that may exist about it. And who explains it, is a man named Ray Dalio, who by the way, is on the Forbes list, and has a net worth of +19 billion USD, and founder of Ridgewater Associates.
I put my hands on the fire, about Ray Dalio, because, his knowledge and experience, taught me how to manage my money, and the money of other clients, in which the invertirX Investments Fund is managed; and of course, I know very well, that many people, even, so, will not take letters on the matter, and they will get a pickle on these ideas; however, I make them remember one thing.
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| Youth is the best way to create wealth, regardless of your roots. Youth is only a stage, and it never comes back again. |
You are a product with an expiration date, and sooner or later, the math will affect you; you can hide it, but your actions, and your lifestyle, will show; and they will show too much.
I regret not having invested, since I was younger, how young I am; however, it is never too late to realize our mistakes, and admit our responsibility, and take actions that will lead us to a substantial improvement.
With appreciation, Irvis Murillo.