MI164: What is Money? w/ Jim Crider

<p><strong>IN THIS EPISODE, YOU’LL LEARN: </strong>&nbsp;</p><ul><li>05:26 - What money really is.</li><li>10:06 - The pros and cons of fiat currency and gold as money.</li><li>13:50 - Why can money that fluctuates in value make planning for the future difficult?</li><li>20:58 - What are the attributes of a good money?</li><li>28:45 - Why gold has historically been a good money.&nbsp;</li><li>31:59 - The history of money in the United States.</li><li>44:15 - Why Bitcoin has value.</li><li>52:40 - Jim’s thoughts on diversification.</li><li>And much, much more!</li></ul><p><br></p><p><em>*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.</em></p><p><br></p><p><strong>EPISODE RESOURCES</strong></p><ul><li>Trade Bitcoin with <a href="https://www.swanbitcoin.com/millennial-investing" rel="noopener noreferrer" target="_blank"><strong>Swan</strong></a>.</li><li>Robert and Clay’s tool for picking stock winners and managing our portfolios: <a href="https://www.theinvestorspodcast.com/tip-finance/" rel="noopener noreferrer" target="_blank"><strong>TIP Finance</strong></a>.</li><li>Related episode: <a href="https://www.theinvestorspodcast.com/millennial-investing/financial-independence-bitcoin/" rel="noopener noreferrer" target="_blank"><strong>MI120: Bitcoin &amp; Financial Independence w/ Jim Crider</strong></a>.</li><li>Related episode: <a href="https://www.theinvestorspodcast.com/millennial-investing/why-buy-bitcoin/" rel="noopener noreferrer" target="_blank"><strong>MI128: Why Buy Bitcoin w/ Andy Edstrom</strong></a>.</li><li>Get a <a href="https://www.amazon.com/Audible-Free-Trial-Digital-Membership/dp/B00NB86OYE/?&amp;_encoding=UTF8&amp;tag=millenniali0e-20&amp;linkCode=ur2&amp;linkId=1c34937c3747cd4044bdc87a7823c82f&amp;camp=1789&amp;creative=9325" rel="noopener noreferrer" target="_blank"><strong>FREE audiobook from Audible</strong></a>.</li><li>Check out our<strong> </strong><a href="https://www.theinvestorspodcast.com/mi-starter-packs/" rel="noopener noreferrer" ta