yego.me
💡 Stop wasting time. Read Youtube instead of watch. Download Chrome Extension

My Tips for Dealing with Uncertainty Like What the U.S. is Facing Today


2m read
·Nov 8, 2024

But what can the individual do? And just to summarize, what can the collective do to stop or slow the decline that clearly, you know, you can measure has occurred?

First, be financially strong. Have a good income and balance sheet. Think about how many months or years you could live if you didn't have an income. The more financial security you have, the more maneuverability you have both to protect yourself on the downside and to take advantage of opportunities.

Know how to achieve a balanced portfolio; this is very important, I think, financially. And then, be with people—your community is the source of happiness. Psychologists have studied that, above a basic level, income is not a source of happiness. Community is the highest ranked source of happiness.

So, how you work well with others is crucial. I think meaningful work and meaningful relationships are vital to being productive and to also have the joy of those relationships. I think it is of paramount importance.

Then, also realize what the risks are. That's why I wrote them in the book. You know, the risks of—well, there are many kinds of risks. Do you understand those risks? And where are you? Where do you live? What are those risks?

It’s important to recognize that the world is domestically and internationally breaking into different ideologies and different economic systems, really. That happens state by state, as well as around the world.

Understand which are the places that are the best for you in those circumstances, and be aware of those risks.

More Articles

View All
Jeremey Grantham: “A Storm Is Brewing” in the Global Real Estate Market
Real estate is a global bubble. It has driven house prices provably to multiples of family income all over the world. No one can afford to buy a house now. No young kids coming out can buy a house. House prices will come down everywhere. Jeremy Grantham …
Policy and the branches of government | AP US Government and Politics | Khan Academy
As we’ve discussed in other videos, the federal bureaucracy is a huge part of the US government, sometimes even called the fourth branch. It has more than two million employees who work in various agencies dedicated to implementing the law. So, the bureau…
Why Alien Life Would be our Doom - The Great Filter
Imagine NASA announced today that they found aliens. Bacteria on Mars, weird alien fish in the oceans of Europa, and also ancient alien ruins on Titan. Wouldn’t that be great? Well, no. It would be horrible news, devastating even. It could mean that the e…
Bill Ackman Predicts Massive Economic BOOM | These are the Stocks He Owns
Billionaire investor Bill Ackman runs one of the most closely followed stock market portfolios. In this video, we are going to talk about what stocks he owns and, who knows, you may just get an idea for your own portfolio. Let’s jump into the video! Befo…
Creating a Zombie Soap Opera | StarTalk
What I did is I made it a super. I was like, what if people kiss while zombies are trying to eat them? And then people were like, I like this romance stuff. Relationships, really? Yeah, I mean, I don’t know. I’m interested in that kind of stuff. I mean, I…
Those “Real Estate Investor Seeks Trainee” Signs: Make $120k/yr With No Experience?!
What’s up you guys? It’s Graham here. So, after posting a video the other week explaining the truth behind the “We Buy Houses Fast Cash” signs, a new question kept coming up and that was, what about the real estate investors’ “Sheiks Trainee” signs? After…