Where You Should Invest Your Money TODAY To Become a Millionaire | Ray Dalio

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• 00:00

  Hi, my name is Lewis Howes and welcome to the Daily Motivation Show.

• 00:10

  What have you found are the top places that people should be investing?

• 00:15

  First, calculate how many days, weeks, months, or years you can live on your saving.

• 00:22

  Because when you do that, you'll gain security.

• 00:26

  So look at how much you're spending, okay?

• 00:28

  And then say, how much do I need?

• 00:30

  And whatever that number is, you're going to need more than that because it may go down rather than go up.

• 00:37

  So, okay, now do I have a year spending?

• 00:41

  You start there.

• 00:42

  Then you start to think, what are the things that are most important for me?

• 00:47

  Like, and then you start with your business or your residence that have a symbiotic relationship and that you know well.

• 00:57

  If you 'd start with your business, okay, you 're closer to that,

• 01:01

  investing in yourself with whatever that may end up being.

• 01:04

  That may be your best investment.

• 01:07

  I really think there's something good about your home, a basic thing about your home, because it's nice forced savings.

• 01:15

  It also means you fix it up.

• 01:18

  You're saving.

• 01:19

  You find out there's, oh, well, if I add this thing or that thing and you're enjoying it.

• 01:25

  So when you're enjoying it and you're controlling it and it's yours and so on, that's pretty good.

• 01:31

  And if, you know, if they keep.

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