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.
Show Notes:
How the Economic Machine Works - Ray Dalio
https://www.youtube.com/watch?v=PHe0bXAIuk0
The History of Money:
https://www.youtube.com/watch?v=2nBPN-MKefA
The Barista FIRE Approach
What Should I Be Investing In?
Selling up and moving to the Canaries
The Irish Savers Action Group Interview
Passive Income - The Alternative Way to FIRE?
Should I set up a company for my investments?
Saying No to 50% Tax
Financial Independence with Dave G
Embracing Frugality
Name Your Sacrifice
Talking Financial Independence with Ken, from the Humble Penny
Buying an Investment Property with No Deposit
Talking Property with Gavin J Gallagher
The Realities of Dealing with Bad Investments
The Four Pillars of Success
Talking Financial Independence with Alan Donegan
Realisations of 2020
Life After Rugby - The Jamie Heaslip Interview
Investing During a Downturn
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