In this episode, Michael looks into the history of money and how the economy works.
Mentions in the episode:
- Coming off the gold standard
- Fractional banking system
- Understanding why central banks are printing money
- Understanding that most of the money in our society is actually debt, not physical cash.
He talks about how he is trying to leverage debt and is actively looking for new deals to generate income by leveraging debt, particularly with his new venture Forestry Crowd.
How the Economic Machine Works - Ray Dalio
The History of Money:
Interested in learning about Forestry Crowd, visit:
Ep 71: Investment Trusts with Andrew Driver
Ep 70: The Barista FIRE Approach
Ep 69: What Should I Be Investing In?
Ep 68: Selling up and moving to the Canaries
Ep 67: The Irish Savers Action Group Interview
Ep 66: Passive Income - The Alternative Way to FIRE?
Ep 65: Should I set up a company for my investments?
Ep 64: Saying No to 50% Tax
Ep 63: Financial Independence with Dave G
Ep 62: Embracing Frugality
Ep 61: Name Your Sacrifice
Ep 60: Talking Financial Independence with Ken, from the Humble Penny
Ep 59: Buying an Investment Property with No Deposit
Ep 58: Talking Property with Gavin J Gallagher
Ep57: The Realities of Dealing with Bad Investments
Ep 56: The Four Pillars of Success
Ep 55: Talking Financial Independence with Alan Donegan
Ep 54: Realisations of 2020
Ep 53: Talking Bitcoin with Andy Edstrom
Ep 52: Life After Rugby - The Jamie Heaslip Interview
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