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Ep 147: The best way to teach your children about money?

Medics Money podcast

CHAPTER

The Greater Full Theorem

I've even talked to my kids about cryptocurrency and NFTs, etc. But the main bit, which kind of underlines all of that, is the greater full theorem. And it's all about teaching them to say, how do you make money? How's that money getting created? So with Bitcoin and N FTs, nothing's been produced. There's no creation. And therefore, it's only going to make money if I can find someone to buy it off me from a higher price. Everyone who's invested in NFTs or Bitcoins is hugely incentivized to tell everyone how great it is. Because they need to be able to sell it at a higher price - there

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