Personal Learning Journal
A recession is a significant decline in economic activity that goes on for more than a few months. The technical indicator of a recession is two consecutive quarters of negative economic growth as measured by a country’s gross domestic product (GDP). It’s valuable to understand recessions, depressions, economic collapses, hyper-inflation, etc. to understand the best plan of action in these situations. Even though they are grim circumstances, most wealth generation happens in economic slumps. Preparation for them, which are inevitable especially with loose monetary policy, could allow you to create generational wealth.
Book: Principles Rating (1-10) – Book Synopsis – Ray Dalio, one of the world’s most successful investors and entrepreneurs, shares the unconventional principles that he’s developed, refined, and used over the past forty years to create unique results in both life and business—and which any person or organization can adopt to help achieve their goals. In 1975, […]
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Book: Principles For Navigating Big Debt Crisis Rating (1-10) – Book Synopsis – On the 10th anniversary of the 2008 financial crisis, one of the world’s most successful investors, Ray Dalio, shares his unique template for how debt crises work and principles for dealing with them well. This template allowed his firm, Bridgewater Associates, to anticipate events
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