Manage episode 518723606 series 1281827
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 strategies, and why focusing on real returns—not just what’s printed on the page—is critical to building true wealth.
IN TODAY'S EPISODE, I DISCUSS:
- What fiat currency is and how it shapes your financial life
- The pros and cons of fiat currency
- Why asset ownership is crucial to outpace inflation and build real wealth
- The difference between nominal returns and real returns, and why it matters
- Actionable steps to make your money work for you
- The importance of the Financial Freedom Zone quiz
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- When You Get RICH, Tell NO ONE (Act Like You're Poor): https://youtu.be/FailzpHkJBc
- 12 Signs That Predict You'll Be a Multi Millionaire: https://youtu.be/ITi-nvwJPVw
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