Ray Dalio's Treasure Trove

Teenagers should be horse-whipped and made to read these - and Buffet's letters of course :

http://www.bwater.com/Uploads/FileManager/Principles/Bridgewater-Associates-Ray-Dalio-Principles.pdf

And also :

https://www.youtube.com/watch?v=PHe0bXAIuk0

Understanding the economy :

Productivity growth; Short-term debt cycle; Long-term debt cycle.

Super man!

1. Don't allow debt to rise faster than income.
2. Don't allow income to rise faster than productivity - this one can be used - you should always come across as being capable of contributing more than they're going to pay you :)
3. Do all you can to boost productivity - yes this one also you can use personally - you want to be able to get your work done as fast as you can - and if you run out of work, they have to pay you more because you're contributing more.

I know, I'm doomed to be a working class man :)