How to Budget for Long-Term Wealth

Budgeting is a cornerstone of building long-term wealth. Figure out how much you currently have saved and how long those savings can last if you lost all of your sources of income. The worst exchange in the world is trading time for money, says Ray Dalio. Even when I was playing professional football, I wasn't making a lot of money but Iwasn't optimizing it to go the next level.