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
Wolf Pack Takes on a Polar Bear - Ep. 1 | Wildlife: The Big Freeze
You can go days without food, traverse unimaginable distances, endure relentless blizzards. But if you’re a wolf on the edge of the Arctic, up against the biggest predator, there’s one thing you can’t do without… (dramatic music) The pack. (dramatic music…
The Stock Market Is ABOUT TO BOTTOM
What’s up, Grandma’s guys? Here, so it’s official: the market makes absolutely no sense. Tesla beat earnings, and as a result, they drop. The US GDP topped expectations, and shortly after, the entire market falls. Even gold, which typically does well in …
Warren Buffett: How to Make Money During Inflation
Are you seeing signs of inflation beginning to increase? We’re seeing very substantial inflation. It’s very interesting. I mean, we’re raising prices, people are raising prices to us; it’s being accepted. I mean, inflation is a big concern for everyone ri…
Your brain is lying to you..
Your brain lies to you every day, and you don’t even know it. The human brain is powerful; there’s no doubt about that, but it has its limitations. Your mind loves to simplify information, mainly for speed, and this results in cognitive bias. These biases…
How The Economic Machine Works: Part 2
In a transaction, you have to give something in order to get something, and how much you get depends on how much you produce. Over time, we learn, and that accumulated knowledge raises our living standards. We call this productivity growth. Those who are …
Testing the US Military’s Worst Idea
This is the biggest, most ambitious, most expensive video I’ve ever made. And it’s also gonna be terrifying. We are strapping these giant metal weights to the belly of that helicopter, flying it up several kilometers in the sky, and then dropping these we…