Ray Dalio

Do you have food to eat?

Do you have basic health care?

Okay, if you start to think, okay, what are my needs that I really need and I'm okay, and how can I make provisions for those needs, then once you've got that in your mind, you're free, okay?

You can go beyond that.

You may say, listen, oh, I can do that for a year or two years or a month or whatever.

But I think we visualize too much the things that we're used to.

One of the good things about this exercise is that it brings you back to basics.

You can be brought to basics.

And like I'm saying, if you have a bed to sleep in and you've got food,

and so on and you have those basics and and good relationships with people who care about you and basic health care so if you budget for that and you figure how do you have it maybe it isn't in the luxurious place you're in maybe it's in the country and so on once you visualize that and you get that down in your head and you say oh i can get that

then your stress will disappear because you as you visualize that in many ways that's a happy life it doesn't take a lot to there's stimulation there's nature there's relationships these fundamental wonderful things the most important things can be obtained and so for many of you i think if you look at that and you budget for that i'm seeing a number of people

Who are going broke.

And and I've watched this over many years.

And really, it's just the adjustment process.

Once they get to that point where, you know, they have they get settled, they're fine.

It's the ambiguity.

It's the worry.

It's the stress.

So if you do that from the beginning and you have that played out in your head, then you know everything from there you can play with and it's icing on the cake.

So I want to emphasize you can budget for that.