Clip
The Pros and Cons of Keeping Your Money in the Bank
1:46:36 - 1:47:56 (01:20)
The three main options to protect your money are to keep it in the bank with FDIC insurance, put it in a highly secure vault, or keep physical cash under your mattress. Each option has its benefits and drawbacks.
Similar Clips
The speaker shares some tips on how to save money for gaming consoles, such as putting aside some amount of money regularly and paying for items in cash.
40:52 - 41:36 (00:44)
Summary
The speaker shares some tips on how to save money for gaming consoles, such as putting aside some amount of money regularly and paying for items in cash.
ChapterBenefits of a Joint Account
Episode2 Be Better Podcast EP.16
Podcast2 Be Better
The speaker discusses the moment when he was paid a large sum of money, which led him to think about investing in himself.
1:10:26 - 1:12:05 (01:39)
Summary
The speaker discusses the moment when he was paid a large sum of money, which led him to think about investing in himself. Prior to that, he had never invested in anything and had only made $20 an hour doing a dangerous job.
ChapterInvesting in Uncontrollable Things
Episode#324: Cal Fussman Corners Tim Ferriss
PodcastThe Tim Ferriss Show
The US banking system's ultimate product is trust, and any risk from the banking system is a systemic risk.
30:07 - 31:02 (00:55)
Summary
The US banking system's ultimate product is trust, and any risk from the banking system is a systemic risk. The federal government's approval of COVID-19 relief programs creates a limitless shenanigans environment for the banking system, which is a concern for some people.
ChapterGaining Trust in the Financial System
EpisodeMaking Cents of SVB’s Collapse With Mark Cuban and Sheila Bair
PodcastThe Problem With Jon Stewart
The store of value component as the bedrock for a monetary system is essential because it provides security, a fundamental catalyst for the idea of money to take root and become widespread, according to Pompliano.
43:23 - 44:48 (01:25)
Summary
The store of value component as the bedrock for a monetary system is essential because it provides security, a fundamental catalyst for the idea of money to take root and become widespread, according to Pompliano. Investing in something different than everything else can lead to outsized returns.
ChapterThe Future of Bitcoin: A Global Currency or a Store of Value?
Episode#171 – Anthony Pompliano: Bitcoin
PodcastLex Fridman Podcast
Bitcoin is seen as a solution to the centralization of assets brought about by the digitization of capital assets.
18:52 - 20:39 (01:47)
Summary
Bitcoin is seen as a solution to the centralization of assets brought about by the digitization of capital assets. Its decentralized nature challenges the trend of increasing central influence and control over accounts that has been observed in the last 60 years.