3569: Money is Fungible by Jeremy Jacobson of Go Curry Cracker on Financial Perspective

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Business, Education, Investing, Self-improvement

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🗓️ 23 May 2026

⏱️ 10 minutes

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Summary

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3569: Jeremy Jacobson explores how understanding the fungibility of money can simplify smarter financial decisions, from handling debt and emergency funds to navigating retirement accounts and investment income. With relatable examples and practical insights, he shows how focusing on overall net worth instead of emotional money “buckets” can help you optimize taxes, reduce interest costs, and think more clearly about financial independence. Read along with the original article(s) here: https://www.gocurrycracker.com/money-is-fungible/ Quotes to ponder: "Making virtual car payments to a savings account until there was enough to pay cash for the vehicle would be the ideal option." "In the US, paying tips in cash/coins is almost always better because it ensures that the server will benefit from it immediately." "We can withdraw funds from retirement accounts before Age 59.5 without penalty, via Roth IRA conversions and/or SEPPs." Episode references: Roth IRA: https://www.irs.gov/retirement-plans/roth-iras Substantially Equal Periodic Payments (SEPP): https://www.irs.gov/retirement-plans/substantially-equal-periodic-payments S&P 500: https://www.spglobal.com/spdji/en/indices/equity/sp-500/ Apple Pay: https://www.apple.com/apple-pay/ Learn more about your ad choices. Visit megaphone.fm/adchoices

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0:21.8	dot UK slash podcast to learn more. This is Optimal Finance Daily. Money is fungible by Jeremy Jacobson
0:30.0	of go currycracker.com. In economics parlance, they say money is fungible, meaning no dollar is unique or special,
0:39.7	and they are all fully interchangeable. A dollar is a dollar. I learned this concept early in life
0:45.7	when I successfully paid for a GI Joe action figure entirely with pennies. Go Joe. But this is a little
0:52.9	more complex in the modern world. So here are some money
0:56.4	fungibility related questions or comments I've received over the years. Money is fungible.
1:03.9	Here are some fun examples of monetary fungibility. Number one, I hate coins. I'll do anything to avoid carrying change. Do you know how much
1:14.6	a G.I. Joe action figure worth of pennies ways? Or how loud a cashier will sigh when they see you
1:20.9	pull out the coin jar? Or how long the checkout line will grow will said annoyed cashier counts those
1:27.4	pennies, twice. a dollar is a dollar
1:30.7	if you ignore the social ramifications perhaps the experience explains why i use a credit card for everything
1:37.4	where possible i do my best to eliminate coin accumulation it also gives me up to 30 days afloat. Otherwise, we toss all coins in a
1:48.3	small jar we keep near the door. When it fills up, I bring it to the nearby 7-Eleven and use the
1:53.4	funds to increase the balance on my prepaid card. In the U.S., I used to bring the coin jar into my
1:59.2	credit union near work to use their free counting
2:01.8	machine. My parents would empty the coin jar once each year to help pay for the family summer
2:06.9	vacation. Optional, stuffing coin roll wrappers together is a rewarding and fun family bonding
	...

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