Wisdom Tip 138: How to get a grasp on the Economy in 30 minutes or less?

Too many people spend money they earned..to buy things they don’t want..to impress people that they don’t like. –Will Rogers

This video below by Ray Dalio is one of the coolest, simplistic framework for understanding how the economy works. The three factors that has an impact on a nation’s economy are:

1. Productivity cycle

2. Short Term Debt cycle

3. Long Term Debt cycle

And the one factor that has an impact on financial freedom which also happens to be a game changer is the power of compounding.