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The Intrinsic Value Podcast - The Investor’s Podcast Network

MI Rewind: What is Money? w/ Jim Crider

The Intrinsic Value Podcast - The Investor’s Podcast Network

The Investor's Podcast Network

Education, Investing, Business

4.6592 Ratings

🗓️ 25 November 2022

⏱️ 72 minutes

🧾️ Download transcript

Summary

IN THIS EPISODE, YOU’LL LEARN: 03:27 - What money really is. 08:27 - The pros and cons of fiat currency and gold as money. 13:50 - Why a money that fluctuates in value can make planning for the future difficult? 16:58 - What are the attributes of a good money? 24:45 - Why gold has historically been a good money.  32:59 - The history of money in the United States. 46:41 - Why Bitcoin has value. 48:40 - 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. Related Episode: Bitcoin & Financial Independence w/ Jim Crider - MI120. Related Episode: Why Buy Bitcoin w/ Andy Edstrom - MI128. NEW TO THE SHOW? Check out our Millennial Investing Starter Packs. Browse through all our episodes (complete with transcripts) here. Try Kyle’s favorite tool for picking stock winners and managing our portfolios: TIP Finance. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: Fiscal.AI 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!  Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

Click on a timestamp to play from that location

0:00.0

You're listening to TIP.

0:02.9

On today's show, we continue to revisit some of my favorite podcast from the past in this

0:08.3

millennial investing rewind.

0:10.1

If you've missed our previous Rewind episodes, we've started to reshare some older episodes

0:15.6

that are my favorites for a few reasons.

0:18.6

One, we get a bunch of new listeners each week, so the new listeners may not have heard

0:23.1

this episode before.

0:24.6

Two, even if you've been listening for a while, you may have missed this episode when

0:29.1

it originally came out.

0:30.9

Or three, even if you've heard it before, it can be a great episode to learn from again.

0:36.3

If you've already heard this episode or you're not

0:38.4

interested in hearing it, feel free to just skip it. There's no harm in that, and you can pick up

0:42.5

with our new episodes next week. All right, guys, that's all I had for you for this new intro. Everything

0:48.5

going forward is going to be from the original show. Hope you guys enjoy it.

1:02.0

On today's episode, I'm joined by my good friend, Jim Kreider. Jim is the founder of Intentional Living FP, which helps families achieve early financial independence. Jim helps people

1:07.3

navigate the decisions, opportunities, and obstacles that they may face, so

1:11.3

their money is used efficiently and effectively to serve its purpose in your life.

1:15.6

During the episode, Jim and I cover what money really is, the attributes of good money,

1:21.4

why an unstable form of money causes issues in an economy, why gold was chosen as money

1:26.7

by the free market for centuries? The history

1:29.1

of money in the United States. Why Bitcoin has value? Jim's thoughts on diversification and much more.

1:35.9

We all use money and interact with it in our everyday lives, but how many times have you asked

...

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