Billionaire Ray Dalio: There are 3 things everyone needs to understand about money

FAN Editor

There are a few true necessities in life.

First you need food and shelter, then you need to learn about money, according to billionaire Ray Dalio, founder of one of the world’s largest hedge funds, Bridgewater Associates.

Understanding money can give you security and the ability to help others, said Dalio.

Check out this video to learn the three things he said everyone needs to know about their cash.

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CHECK OUT: Why January is a particularly great time to invest your money via Grow with Acorns+CNBC.

Disclosure: NBCUniversal and Comcast Ventures are investors in Acorns.

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