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Ray Dalio Taught Me Everything I Needed to Know About Money — By Talking About Death
Ray Dalio Taught Me Everything I Needed to Know About Money — By Talking About Death

Entrepreneur

time03-06-2025

  • Business
  • Entrepreneur

Ray Dalio Taught Me Everything I Needed to Know About Money — By Talking About Death

The billionaire hedge fund manager reflects on losing his son, and how to move forward after tragedy Opinions expressed by Entrepreneur contributors are their own. Ray Dalio has made more money for investors than any hedge fund manager in history. He built Bridgewater Associates into a $150 billion powerhouse. His insights shape economies. Presidents call him. His book Principles is gospel on Wall Street. But when I asked him about the moment that changed him most, he didn't talk about markets. He talked about mourning. In 2020, Dalio lost his eldest son, Devon, in a car accident. Devon was 42. "You have all the money in the world," I said to him, "but you haven't been immune from pain." "That's right," he replied. "Every painful experience is a learning lesson." We often say money doesn't buy happiness. Dalio went further: It doesn't buy immunity. Not from loss. Not from heartbreak. Not from the kind of grief that splits a life into "before" and "after," making every win feel irrelevant. In that moment, he wasn't a billionaire investor. He was a father. A grieving father, trying to live inside the unimaginable. "What do I want from life?" he asked. "Meaningful work and meaningful relationships. Through radical truthfulness and radical transparency." No mention of status. No mention of money. Just truth. Connection. Perspective. And pain as a guide — not a detour. One of Dalio's life formulas goes like this: Pain + Reflection = Progress. That idea wasn't born in a boardroom. It came from devastation. From that, he developed a regular practice: He'd journal memories with his wife each morning over tea. It was a way to keep his son close, and to create space for the ache. "You will find the sweetness will increase, and the bitterness will decrease," Dailo said. "The ache will always be there. But you'll learn how to dance with a limp." Most people of extreme wealth hide their wounds. Dalio lets his breathe. He shared how that grief didn't just change him — it clarified him. He told me that he used to chase success by building better models, hiring smarter analysts, optimizing performance. Then he lost Devon — and learned that the best investment is in people. In meaning. In having a "worst-case number" that gives you peace of mind, and the freedom to focus on what matters more. I've interviewed countless financial giants, but none spoke about loss this plainly. None offered the permission Dalio did: to fall apart, to reflect, and to rebuild — not just wealth, but wholeness. "If you know what your worst-case scenario is," he said, "and you know you're good, and your family is good, then you have peace of mind. And you have power." I flew to New York to interview Ray Dalio for my podcast Money Rehab. I expected a conversation about markets. What I got was a lesson in mortality, meaning, and the one asset that no hedge fund can secure: love. And that might be the most valuable principle he's ever shared.

Money Problems Are a Leading Cause of Divorce. Here's How To Avoid Them
Money Problems Are a Leading Cause of Divorce. Here's How To Avoid Them

Entrepreneur

time08-05-2025

  • Business
  • Entrepreneur

Money Problems Are a Leading Cause of Divorce. Here's How To Avoid Them

Plus, here's how celebrity couple Sharna Burgess and Brian Austin Green are planning their financial life together Opinions expressed by Entrepreneur contributors are their own. Money can ruin your relationship — so when you say "I do" at the altar, you need to also say "I DO" with your finances. I DO is a framework I developed for navigating your finances as a married couple. It goes like this: Initiate the Conversation Divvy Up "Yours, Mine and Ours" Accounts Opt For a Prenup To show you how it works, I'll give you a real-life example — with the celebrity couple Sharna Burgess and Brian Austin Green. Step 1: Initiate the Conversation Initiating a money conversation seems like it would be a no-brainer — but a lot of couples put it off. This is what happened with Sharna and Brian. " We had a baby a lot quicker than we thought we were going to," Sharna told me on my podcast Money Rehab this week. "I think because it was like going through a tunnel at full speed in the beginning of our relationship, there were some conversations that just got missed.'" If you haven't had this conversation yet, have it now. Don't wait a moment longer. If you wait until the "right time" to have the money talk, it'll be too late. So, what should you talk about? Here's a place to start: Step 2: Divvy Up Accounts Here's the first question that couples face: Whose money is whose? This is a personal decision, and there's no system that works for every couple. Some couples combine finances. Some keep them separate. Personally, I like a system I call "Yours, Mine, and Ours". It's simple: You keep a bank account that's just for you, your spouse keeps an account just for them, and you both contribute to a shared account. This way, you retain some financial independence but also build a financial life together. This is what Sharna and Brian do. For Sharna, it helps keep the magic alive. "I don't want to be over his books, because that's not my job," she said. "I feel like that takes some of the romance away." But as you create a plan to merge finances, you should also create a plan to disentangle them. Which means… Step 3: Opt for a Prenup If you have any form of an "Ours" or joint account, a prenup is critical. This conversation can make people uncomfortable. I first spoke to Sharna a year ago, and asked her whether she and Brian have a prenup plan. She visibly froze, then told me it would be too awkward to discuss with Brian. But a year later, she's changed her tune. " I think protecting yourself is a beautiful thing," she told me more recently. "Knowing that everything is fair and you've made the big decisions, I think it's incredibly smart." I completely agree — but I understand her fear from a year ago. Prenups feel unromantic and stressful, mostly because people think of prenups as divorce planning. But really, it's just insurance. You don't get car insurance because you're planning on getting into a car accident. You get insurance in case of an emergency, and you hope you'll never have to use it, but it makes you feel a little more comfortable in your car. That's how a prenup should feel — it's an emergency measure that makes you feel more secure in your relationship, not less. The intersection of love and money can be messy, but if you follow the I DO framework, you'll be doing right by your partner, yourself and your wallet.

Sharna Burgess hopes to have another baby
Sharna Burgess hopes to have another baby

Perth Now

time07-05-2025

  • Entertainment
  • Perth Now

Sharna Burgess hopes to have another baby

Sharna Burgess wants to have another baby. The 39-year-old dancer already has a two-year-old son called Zane with her fiance Brian Austin Green, and Sharna has now revealed that she would love to have another child with the 'Beverly Hills, 90210' actor. During an appearance on the 'Money Rehab' podcast, Sharna explained: "I do totally want to go through this again. "This year is crazy, but I'm going to put out there that hopefully, maybe the end of next year, we're looking at getting pregnant." Sharna actually hopes to have another baby sooner rather than later. The TV star shared: "Even though my eggs are fine and medicine's wonderful. I want to be as young as I can possibly be." Brian also has sons Noah, 12, Bodhi, 11, and Journey, eight, with his ex-wife Megan Fox, as well as Kassius, 23, with Vanessa Marcil. But Sharna has revealed that she plans to use in-vitro fertilisation (IVF) in a bid to have a baby girl. She said: "I think we'll do gender selection and do IVF because [Brian is] five for five on boys. Who's gonna take a chance on that?" Sharna previously admitted that although Brian has undergone a vasectomy, the loved-up couple are open-minded about the possibility of having another child. Sharna - who is best known for her appearances on 'Dancing with the Stars' - told the 'Oldish' podcast: "If we have the space and the ability to, would we love to? I certainly would. But we do have four young kids in the home and life is very, very busy. "But I certainly do love motherhood and we talk about it often, because I feel so called to it and I feel it's been a calling for me." Sharna also revealed that she was considering IVF treatment. What's more, the dancer explained that the celebrity couple were being very considered in their approach. Sharna - who announced her engagement to the actor in September 2023 - shared: "I do want the experience of us planning it together, doing the pregnancy tests, and really being on this journey with each other. So, we would probably end up having to do IVF."

Sharna Burgess Details IVF Plans with Fiancé Brian Austin Green
Sharna Burgess Details IVF Plans with Fiancé Brian Austin Green

Yahoo

time07-05-2025

  • Entertainment
  • Yahoo

Sharna Burgess Details IVF Plans with Fiancé Brian Austin Green

Yahoo is using AI to generate takeaways from this article. This means the info may not always match what's in the article. Reporting mistakes helps us improve the experience. Yahoo is using AI to generate takeaways from this article. This means the info may not always match what's in the article. Reporting mistakes helps us improve the experience. Yahoo is using AI to generate takeaways from this article. This means the info may not always match what's in the article. Reporting mistakes helps us improve the experience. Generate Key Takeaways Originally appeared on E! Online Sharna Burgess is ready to be a mom again. The Dancing With the Stars alum—who shares son Zane, 2, with fiancé Brian Austin Green—shared that she has every intention of adding another baby to her family. 'I do totally want to go through this again,' she said during the May 6 episode of the Money Rehab podcast. 'This year is crazy, but I'm going to put out there that hopefully, maybe the end of next year, we're looking at getting pregnant.' Sharna, 39, added that she'd like to get the ball rolling sooner rather than later. 'Even though my eggs are fine and medicine's wonderful,' she continued, 'I want to be as young as I can possibly be.' Additionally, the professional dancer—who is stepmom to Brian's kids Noah, 12, Bodhi, 11, and Journey, 8, with ex Megan Fox as well as Kassius, 23, with ex Vanessa Marcil—said she plans to use in-vitro fertilization (IVF) in hopes of welcoming a baby girl. For a closer look at Sharna, Brian and Megan's blended family, keep reading. More from E! Online 'I think we'll do gender selection and do IVF because [Brian is] five for five on boys,' Sharna noted. 'Who's gonna take a chance on that?' And with the couple prioritizing the expansion of their family, Sharna revealed they're putting their wedding plans on hold as a The Global Gaming League 'I don't want to be pregnant [at the wedding] and I don't really want to be in the first six or nine months postpartum,' she explained. 'My body is still stitching itself back together and, hormonally, I'm still trying to find my balance. So the wedding is probably about two years away, but hopefully there's another little one.' In the past, Sharna has credited her role as stepmom to Brian's older kids as a vital step in preparing her to become a mom herself. 'I got to test out motherhood with these guys,' she said during an appearance on the Quite Frankly podcast in April 2023. 'I had a beautiful experience before having Zane. I did learn to trust my instinct. It was such a gift to have them in my life in that period before Zane.' For a closer look at Sharna, Brian and Megan's blended family, keep reading. Breakfast In Bed Brian Austin Green enjoyed a lazy morning snuggled up with kids Noah, born in 2012, Bodhi, born in 2014, and Journey, born in 2016, who he shares with ex Megan Fox. Swimming In Smiles After Brian and Megan split in 2020, the Beverly Hills, 90210 alum found love with his Dancing with the Stars pro partner Sharna Burgess. The two welcomed son Zane in 2022, and announced their engagement the following year. Cuddle Corral Sharna sharing a tender moment with Zane and his older siblings. Girl Dad Meanwhile, Machine Gun Kelly—whose real name is Colson Baker—welcomed daughter Casie with ex Emma Cannon in 2009. He went on to get engaged to Megan in 2023. Special Occasions Despite her commitment to co-parenting, Megan has said it's not always a walk in the park. 'It's hard to not feel obligated to be with them all the time or to constantly feel like I'm not doing a good enough job,' she admitted to Glamour UK in 2022, 'but I'm also separated from their father. So, I can only have them half of the time. That just is what it is.' Christmas Card Brian's blended family includes his son Kassius, 22, whom he shares with ex Vanessa Marcil. The actor posed with Sharna and all five of his kids for a festive family photo in December 2023. The Look of Love For Megan, motherhood keeps her grounded. "When I step back, I know how connected I am and I've always been and how present I've always been,' she told Sports Illustrated Swimsuit in 2023. 'I see the reflection of the type of mother that I am in their eyes and in their behavior." Three's Company In 2022, the Jennifer's Body star posted a rare photo alongside the "Emo Girl" singer and his daughter, taken at his 27 Club Coffee shop in Ohio. Musical Prodigy The hitmaker turns to his daughter for advice on his music. "I trust her opinion more than I trust my own now," he said on The Kelly Clarkson Show in 2021. "Like, she has her finger on the pulse of what's hot, or if I'm doing a song and it's the right one, she'll confirm it." Mama Bear In honor of Mother's Day 2024, Brian paid a loving tribute to Sharna. "You are an incredible mother and fiancée," he wrote on Instagram, "and we all love you to death." Bookworm Megan rarely features Journey and his siblings on social media—for one very good reason. "I knew when they were very young, I wanted to try to protect them however I could, especially limiting their exposure to the internet," she told Glamour UK in 2022. "So far, we've done a really good job and we maintain their innocence in a lot of ways, but I know I can't protect them forever." Co-Parenting Pros Brian's golden rule for co-parenting? Picking his battles. "People make a mistake of thinking that they're gonna do things so the separation doesn't affect the kids," he told E! News in 2024. "Of course it's gonna affect the kids. The only choice you have is how it affects the kids." Keeping the Peace Likewise, Megan makes a point not to speak ill of her kids' father around them. "I don't let anything in my energy like that when I'm around my kids," she said on The Drew Barrymore Show in 2023, "because if I don't accept and love their father, I'm rejecting a part of them, because he's a part of who they are always. Pool Day Brian snapped a pic of his brood having some fun in the sun in Malibu, captioning the Instagram post, "Great day!!" Kicking the Habit MGK—pictured with Casie at the Kids' Choice Awards in 2019—credited his daughter with helping him get clean after she told him she knew when he was high. "That was step one for me," the musician, who has been sober since August 2023, said on the Million Dollaz Worth of Game podcast. "As a father and as a man, to be the father I wish my dad would have been, I have to break this generational curse for my kid." Stepmom Supreme Sharna has thanked Brian's kids for preparing her to be a mom. "I got to test out motherhood with these guys," she said on the Quite Frankly podcast in 2023. "I got to learn things and grow with them, about parenting and understanding kids ... and knowing, 'Oh my God, I think I can be really good at that.'" Past Their Bedtime In 2020, Brian was a celebrity contestant on The Masked Singer. "I was super excited for my kids to watch it with me," he wrote on Instagram, but "they fell asleep after 15 min." Helping Hand No job is too big for the TV star and his mini-mes. More to Come? While Brian revealed he got a vasectomy eight weeks after Zane was born, that doesn't mean he couldn't have it reversed down the road. "If we have the space and the ability to, would we love to? I certainly would," Sharna said on the Oldish podcast in January. "But we do have four young kids in the home and life is very, very busy." The Family Grows Again On March 27, 2025, Megan and MGK welcomed the newest member of their blended family: a baby girl, who arrived into the world with her own original score composed by the rocker and his musical pals including Travis Barker. "She's finally here," MGK exclaimed in a post on Instagram, "our little celestial seed." They Scream for Ice Cream Brian and Sharna enjoyed a sweet treat and some sweet laughs with Zion, Noah, Bodhi and Journey in April 2025. Just Hanging MGK spent quality time with his oldest daughter Casie shortly after announcing the birth of his and Megan's baby girl. For the latest breaking news updates, click here to download the E! News App

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