Ray Dalio

But you need to have the path.

That's what I mean by principled level thinking go above it.

How should it be?

Instead of you know this type of thing, right?

We all need that in order to have successful relationships It's fundamental right when you got this and you're not going above it and saying why do you have this or how should this occur?

Then you've got trouble

It's the same for every individual, same for every company.

And if you understand this,

and you understand, well, there are three things.

The first is look at your income, your expenses, and your savings.

And then do a stress test so that you get yourself secure.

If you were to lose your income,

Or if the income were to fall beyond a certain level and you play that out, maybe that means you go get unemployment insurance or whatever.

How long can you live in an acceptable lifestyle and do you have a savings that is adequate for that?

OK, so what you do is you calculate if I lived

in a simpler lifestyle, and I had this amount of earnings, how many months, how many months or years could I live acceptably?

Then you look at your, what do you put the money in?

What do you save in?

maybe that's it maybe there there isn't any more that they can do but i guess that's my direct question is there something more uh i mean you you know the parts right it's it's income expenses and savings okay now you can go get the money maybe the money comes in and you say okay my unemployment benefits are going to be this or my this is but

Um, those are the parts.