Nicole Lappin
speaker
4,192 appearances
114 recordings
2 series
first heard Nov 2024
last heard 9 Dec
Nicole Lappin’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 5 in all, peaking in Nov 2025 with 2.
Appearances
Money Rehab is a production of Money News Network. I'm your host, Nicole Lappin. Money Rehab's executive producer is Morgan Levoy. Our researcher is Emily Holmes. Do you need some money rehab? And let's be honest, we all do. So email us your money questions, moneyrehab at moneynewsnetwork.com to potentially have your questions answered on the show or even have a one-on-one intervention with me.
And follow us on Instagram at Money News and TikTok at Money News Network for exclusive video content. And lastly, thank you. No, seriously, thank you. Thank you for listening and for investing in yourself, which is the most important investment you can make.
I'm Nicole Lappin, the only financial expert you don't need a dictionary to understand. It's time for some money rehab. If you caught the first part of my conversation with the one, the only Ray Dalio, you know we went deep into the economy, inflation, debt cycles, and how to brace your portfolio for whatever comes next. It was classic Dalio.
Big ideas, tons of data, all grounded in decades of market experience. But in part two, we get versatile. Ray may have built the world's biggest hedge fund and coined concepts like the all-weather portfolio, but today we go beyond the balance sheet. We talk about life, about happiness, about what money can and can't buy.
He shares what he calls the worst moment of his life, and it has nothing to do with money. For the first time in an interview, he opens up about the death of his oldest son in 2020. Ray also opens up about what he wants his legacy to be, how he hopes the next generation thinks about success, failure, and meaning.
These are the kinds of conversations that don't show up in earnings reports, but they matter just as much, if not more. And I have to say, this is one of those rare interviews, and I even have chills as I'm saying this, that has stayed with me and will stay with me long after we stopped recording. Let's get into it.
And you have all the money in the world or access to all of the money in the world. We can agree on that. But you haven't been immune from pain. You and your family haven't been immune.
And so that brings us to the age-old question, does money bring you happiness?
Do you track how much money or net worth you have at this point or it doesn't matter i kind of know what it is i don't but not often yeah Once a quarter.
I think money can buy you five things, right? Money can buy you stuff, which doesn't bring happiness. It can buy you experiences, which does. It can buy your time back. It can buy you charity and the ability to give to charity, which probably does contribute to happiness. And it also gives you the ability to save, which I think people...
gain happiness from seeing them be able to take care of their family and continue to save and have that momentum.
You've been married for 40 years?
Congratulations.
What's this principle or the secret?
Is it your biggest asset or liability?
Yeah, and money, unfortunately, can't immune you from those tragedies.
I could cry thinking about the news of your son in 2020 when I saw that. As a new mother, I can't imagine. Ray, I'm so sorry.
I'm just curious how, at that point, you changed your principles.
It's so kind of you to do that, to help others who might be going through this.
What would you say to somebody who might be dealing with the unthinkable?
Showing 861–880 of 4,192 · page 44 of 210
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