MI164: What is Money? w/ Jim Crider

IN THIS EPISODE, YOU’LL LEARN:   05:26 - What money really is. 10:06 - The pros and cons of fiat currency and gold as money. 13:50 - Why can money that fluctuates in value make planning for the future difficult? 20:58 - What are the attributes of a good money? 28:45 - Why gold has historically been a good money.  31:59 - The history of money in the United States. 44:15 - Why Bitcoin has value. 52:40 - Jim’s thoughts on diversification. And much, much more! *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. Trade Bitcoin with Swan. Robert and Clay’s tool for picking stock winners and managing our portfolios: TIP Finance. Related episode: MI120: Bitcoin & Financial Independence w/ Jim Crider. Related episode: MI128: Why Buy Bitcoin w/ Andy Edstrom. Get a FREE audiobook from Audible. Check out our Investing Starter Packs about business and finance. SPONSORS Support our free podcast by supporting our sponsors: HelloFresh Fundrise Linkedin Marketing Solutions TurboTax NerdWallet NetSuite Read this episode’s transcript and full show notes on our website. Connect with Jim: Website | Twitter  Connect with Clay: Twitter  HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!  Learn more about your ad choices. Visit megaphone.fm/adchoices

Om Podcasten

Millennial Investing by The Investor’s Podcast Network is hosted by Patrick Donley and Kyle Grieve.  Millennial Investing is one of the top-ranked investing podcasts in the world geared to the millennial generation. Here’s what we do: - We have conversations with the world’s best investors, entrepreneurs, authors, and thinkers and explore their ideas, methods, and stories to help YOU better invest your time and money. - Think of us as your research team who finds the most interesting and profitable investing and business insights that you'd normally have to pay for. Except it’s free! - Our mission is to improve people’s financial literacy and business savvy to help in making better investment decisions with their time and money. Start listening. Master the best of what other people have already figured out so you can use their lessons in your life to learn how to invest and build wealth. Follow Patrick on Twitter at @JPatrickDonley, and Kyle on Twitter @IrrationalMrkts.