Learn From The "Big Cycle"
With historical analysis and an easy-to-follow method of explaining his findings, hedge fund founder Ray Dalio has produced the following video about a nation's "Big Cycle".
By following several nations' rise and decline over hundreds of years it is possible to determine what stage any given country is currently at and how to anticipate what is likely to happen.
Take Precautions To Limit Your Exposure
Nobody can accurately predict what will happen to the economy in the next year or 100 years but it is possible to limit the effect of any wobble in the financial markets like that of 2020, or a global crash similar to those experienced in 1929 and 2008.
Many would advise putting money into assets and commodities, e.g. real estate, physical gold, or land. However, it is never advised to invest in one thing. Limiting your exposure by diversifying, i.e. spreading your risk, will give you the best chance of riding the storm and protecting your wealth.
I have provided a link below if you would like an insight into the prospect of commodity investing while prices are at a relative historic low.
What Can You Do To Take Advantage?
Investing in stocks or commodities is beyond the reach of many of us. For some, just saving up for a holiday requires many sacrifices over a long period of time.
Only a few people make similar sacrifices but prefer to use their savings to invest in themselves so they can reach an ultimate goal or vision. Using their money in exchange for knowledge can result in a return on their investment many times over. This gives them the ability to accumulate assets and commodities to build on their wealth exponentially.
If ever there was a time to:
- let go of limiting beliefs,
- building a mindset conducive to wealth,
- facing fear in the pursuit of wealth, and
- being intentional about managing your finances,
...it is now!
Harvard Business Review - Building Wealth When You Don't Come From Money
