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Something You Should Know

The Hidden Rules of Ownership & The Story of Money

Something You Should Know

Mike Carruthers | OmniCastMedia

Science, Self-improvement, Social Sciences, Health & Fitness, Education

4.5 • 4.3K Ratings

🗓️ 1 March 2021

⏱️ 51 minutes

🧾️ Download transcript

Summary

How much gold is on our planet? And have found most of it? This episode begins with some fascinating intel on gold including how much gold is actually in an Olympic Gold Medal and how much more gold is on a Nobel Prize. https://www.rd.com/article/gold-facts/ Why would Disney or HBO encourage you to share your passwords illegally? If you own your home, how much of the sky above it do you own? These are just some of the interesting things about ownership you will hear discussed with Michael Heller, one of the world’s leading authorities on ownership. Michael is professor of real estate law at Columbia Law School and co-author of the book Mine! How the Hidden Rules of Ownership Control Our Lives (https://amzn.to/3uDMJkn) Where did the idea of money come from? Why do we all agree that pieces of paper and metal discs actually have value? It is a fascinating story which you will hear told by my guest Jacob Goldstein, co-host of NPR’s Planet Money program and author of the book Money: The True Story of a Made-Up Thing (https://amzn.to/2P11CwB). Jacob discusses things about money you probably never knew including why there are more $100 bills than $1in circulation and who is using them.  Autographs are interesting. Famous people sign their name to a something and people collect them. Listen as I explain what type of autographs are actually valuable and which ones are worth little more than the paper they are printed on - and why. https://www.worldcollectorsnet.com/features/autographs/ PLEASE SUPPORT OUR SPONSORS! Discover matches all the cash back you earn on your credit card at the end of your first year automatically! Learn more at https://discover.com/yes M1 Is the finance Super App, where you can invest, borrow, save and spend all in one place! Visit https://m1finance.com/something to sign up and get $30 to invest! https://www.geico.com Bundle your policies and save! It's Geico easy! KiwiCo is redefining learning, with hands-on projects that build confidence, creativity, and critical thinking skills. There’s something for every kid (or kid-at-heart) at KiwiCo.      Get 30% off your first month plus FREE shipping on ANY crate line with code SOMETHING at https://kiwico.com Get key nutrients–without the B.S. Ritual is offering my listeners 10% off during your first 3 months. Visit https://ritual.com/SOMETHING to start your Ritual today!  Capsule is a new kind of pharmacy that hand delivers your prescription the same-day, FOR FREE! To sign up, visit https://capsule.com to get your prescription hand delivered today—for free! Dell’s Semi Annual Sale is the perfect time to power up productivity and gaming victories. Now you can save what Dell employees save on high-performance tech. Save 17% on the latest XPS and Alienware computers with Intel Core processors. Plus, check out exclusive savings on Dell monitors, headsets and accessories for greater immersion in all you do. Upgrade today by calling 800 buy Dell, or you can visit https://dell.com/Semi Annual Sale Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:24.0

And they'll do it for free. Activate in the Discover app. See terms and learn more at Discover.com slash online privacy protection.

0:34.0

Today on something you should know, how much gold is there in the world and have we gotten most of it?

0:44.0

Then understanding ownership. It's murky and fascinating. For example, they may have shared a password with a friend for HBO and Netflix.

0:54.0

And you're like, can I do that? Is that okay? Is that illegal? And the answer is it's illegal. But HBO wants you to illegally share their passwords. They don't just tolerate. They actually encourage it.

1:05.0

Then what makes an autograph valuable and understanding money? You've probably heard we're moving towards a cashless society. But the amount of cash of actual paper money in the world is actually increasing. This is very largely driven by people's demand for $100 bills. What do we make of that?

1:27.0

Well, $100 bills are a really convenient way to do crime. All this today on something you should know.

1:36.0

Now, I bet you'd like to keep more of your own money in 2023. I mean, that seems like an admirable resolution. And a very effective way to do exactly that is with rocket money.

1:48.0

Rocket money, formerly known as True Bill, is a personal finance app that finds and cancels your unwanted subscriptions. It monitors your spending. And it helps you lower your bills all in one place.

2:01.0

Over 80% of people have subscriptions they forgot about. You know, that streaming service you bought that you never watch anymore. Or that free trial that you forgot to cancel.

2:11.0

Rocket money will quickly and easily identify your subscriptions for you so you can stop paying for the ones you don't want.

2:18.0

And if you've ever tried to cancel a subscription, some of them make it really hard. I canceled the subscription not long ago.

2:25.0

And first you've got to figure out how to log back in. Sometimes you have to call them. And then when I tried to cancel, they sent me to another screen that says, are you sure you want to cancel? Look at all you'll be missing.

2:36.0

I mean, I get that they don't want you to cancel. And they throw up all these roadblocks. But with rocket money, you just click the button that says cancel and you're done. No more roadblocks.

2:48.0

Over 3 million people have used rocket money saving the average person up to $720 a year. Stop throwing your money away.

2:57.0

Cancel unwanted subscriptions and manage your expenses the easy way by going to rocket money dot com slash something. That's rocket money dot com slash something rocket money dot com slash something.

3:12.0

Something you should know fascinating intel the world's top experts and practical advice you can use in your life today. Something you should know with Mike Carothers.

3:25.0

Hey there. Welcome. As I've mentioned before, this part of the podcast, this introduction that I'm doing right now is one of the last things I do before an episode is complete. So I've already heard what you're about to hear.

3:39.0

I was also part of what you're about to hear. And in this episode, you're going to learn some fascinating things.

3:47.0

Just for example, in the second interview today with Jacob Goldstein, did you know, I can't believe this. There are more $100 bills in circulation in the United States than $1 bills.

4:01.0

I mean, I hardly ever use $100 bills. So why is that? The answer will fascinate you. And the conversation coming up in just a moment about ownership and what it means to own something.

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