There are two ways to be rich: One is by acquiring much, and the other is by desiring little. We explore the data and history of home size and how happiness in a smaller home relates to ultimate wealth and well-being.
In our Part 2 series of how the economy and cycles work, we keep exploring different facets of how Ray Dalio describes inflation, deflation, recessions, depressions, debt cycles, bubbles bursting, and how the government and central banks operate to try to turn things around.
When we better understand the economic system we live in, we can continuously make better decisions for ourselves and our lives. This three part series helps to explain why Ray Dalio’s How The Economic Machine Video is one of the best ways out there to quickly understand the world we live in from a financial & behavioral perspective, and what we can watch out for, along with what to do about it to not only keep ourselves out of hot water, but to thrive in prosperity.