Ray Dalio says savings equal freedom — here’s the number many Canadians are missing

Ray Dalio built one of the world’s largest hedge funds, but his personal rule for savings has nothing to do with stock picking. “Savings equals freedom and security. How much freedom and security do you need?” he told CNBC Make It (1), urging people to save enough to cover a set stretch of time without any income at all.

His advice is simple. Unfortunately, many Canadians think they have followed it, even though…