Chapter
Multiplying Money with Fractional Reserve Banking
06:10 - 10:18 (04:08)
The speaker talks about how banks can loan out money that is deposited in their accounts nine times over because of fractional reserve banking. They also mention the fear associated with losing time to earn money.
Clips
The speaker argues that people are afraid of investing because they see money as scarce when it is not.
06:10 - 07:22 (01:12)
Summary
The speaker argues that people are afraid of investing because they see money as scarce when it is not. He points out the amount of money that has been printed recently and suggests that inflation still has room to grow.
ChapterMultiplying Money with Fractional Reserve Banking
EpisodeOvercome Your Beliefs Around Money & Begin Investing In Yourself w/Grant Cardone EP 1229
PodcastThe School of Greatness
The idea of fractional reserve banking and the money multiplier effect is explained, including how banks use deposits to make loans and create money.
07:22 - 08:20 (00:57)
Summary
The idea of fractional reserve banking and the money multiplier effect is explained, including how banks use deposits to make loans and create money.
ChapterMultiplying Money with Fractional Reserve Banking
EpisodeOvercome Your Beliefs Around Money & Begin Investing In Yourself w/Grant Cardone EP 1229
PodcastThe School of Greatness
Spending time to make money can create a cycle of fear and anxiety.
08:20 - 09:36 (01:16)
Summary
Spending time to make money can create a cycle of fear and anxiety. It may be more beneficial to study successful banks and entrepreneurs like Elon Musk to understand how to use and invest money wisely.
ChapterMultiplying Money with Fractional Reserve Banking
EpisodeOvercome Your Beliefs Around Money & Begin Investing In Yourself w/Grant Cardone EP 1229
PodcastThe School of Greatness
The biggest tech companies in the world have a significant amount of cash reserves but they still opt for debt, since it provides them with tax benefits, and cash on hand provides maximum flexibility and opportunity for growth.
09:36 - 10:18 (00:42)
Summary
The biggest tech companies in the world have a significant amount of cash reserves but they still opt for debt, since it provides them with tax benefits, and cash on hand provides maximum flexibility and opportunity for growth.