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Episode 2729:
Jeremy Jacobson delves into the versatility and everyday impact of money's fungibility in his enlightening article "Money is Fungible." He explores the practical implications of money's interchangeable nature through relatable scenarios ranging from handling coins to managing finances for early retirement. Jacobson's insights help simplify complex financial decisions, reinforcing the principle that every dollar holds the same value.
Read along with the original article(s) here: https://www.gocurrycracker.com/money-is-fungible/
Quotes to ponder:
"Money is fungible, meaning no dollar is unique or special and they are all fully interchangeable."
"A dollar is a dollar if you ignore the social ramifications."
"I’d pay off the credit card debt with the emergency fund. Should an emergency arise before replenishing the savings, the zero-balance credit card IS the emergency fund."
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Optimal Finance Daily - Financial Independence and Money Advice