Debt isn’t the problem if you have enough income to pay the interest on the debt. You can learn more about the red flags of when debt becomes a problem in my study here: economicprinciples.org/how-c… #principles #howcountriesgobroke

The day of doing everything in your head is over. Learn more about Digital Ray: digitalray.ai/login #principles #raydalio #mentor #AI

No matter how open-minded you are now, it is something you can learn. Mental pain often comes from being too attached to an idea when a person or an event comes along to challenge it. This is especially true when what is being pointed out to you involves a weakness on your part. This kind of mental pain is a clue that you are potentially wrong and that you need to think about the question in a quality way. To do this, first calm yourself down. This can be difficult: You will probably feel your amygdala kicking in through a tightening in your head, tension in your body, or an emerging sense of annoyance, anger, or irritability. Note these feelings when they arise in you. By being aware of such signals of closed-mindedness, you can use them as cues to control your behavior and guide yourself toward open-mindedness. Doing this regularly will strengthen your ability to keep your “higher-level you” in control. The more you do it, the stronger you will become. #principleoftheday

How much they spend on goods and services versus investments depends on what the goods and services they want to use cost relative to the amount of money and credit they have to spend, and the relative appeal of spending on goods and services to that of spending on financial assets. And of course, they have their own reasons for choosing which goods and services and which financial assets they buy. If you understand these reasons well, you will truly understand the markets. #principleoftheday #howcountriesgobroke

A transaction is simply the buyer giving money (or credit) to a seller and the seller giving a good, a service, or a financial asset to the buyer in exchange. The price in each transaction equals the amount of money/credit the buyer gives divided by the quantity of whatever the seller gives in that transaction, and a market is the aggregate of those transactions. By estimating these and seeing the amount of spending and the quantity sold by major entities, and by watching why they make these transactions, you can truly understand the markets and see the reasons underlying all prices and price change. #principleoftheday #howcountriesgobroke