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If You Don't Understand Fiat Currency, You Don't Understand Money
- Author: Vários
- Narrator: Vários
- Publisher: Podcast
- Duration: 0:25:32
- More information
Informações:
Synopsis
Welcome to another insightful episode of the Building Your Money Machine Show! Today, we’re tackling a topic at the very heart of your financial future: fiat currency. If you’ve ever wondered why your paycheck doesn’t seem to stretch the way it used to, or why groceries keep creeping up in price, stick with me—because the real issue isn’t just inflation. It’s understanding the actual money you’re using.In this episode, I break down what fiat currency really is, how it became the global standard, and why it can silently drain your wealth if you don’t know how to play the smart game. As a CPA, entrepreneur, and investor who’s walked the financial freedom path more than once, I discovered firsthand that mastering money starts with understanding how the system works—when it’s built on belief, not backing.We dig into the historical pivot from the gold standard to fiat currency, its pros (like flexibility and scalability), and its pitfalls. I’ll show you how fiat impacts your income, spending, and investment strate