Capital What Is Debt? I have defined already that money is quantifiable trust. You got a number in your bank account, your wallet, your bitcoin address. It is the way humanity found to quantify
Basics What Are Interest Rates? The Balance describes Interest Rates as: An interest rate is either the cost of borrowing money or the reward for saving it. It is calculated as a percentage of the
Government Could Fiat Currency be considered a Service by the Government? I think it can be considered a service because you are charged fees whenever you used it. We call them income tax or capital gain tax.
Basics What is Capital? Understanding what is Capital and Producing Assets is crucial to start your journey in wealth creation, because wealth is made of assets, not currency. If you always focus on acquiring (and not selling) assets, you will benefit from the compounding effect that the employment of capital has.
Basics What is Currency? Currency is a imaginary. The object we use daily is just a way to transfer that imaginary thing to other individuals, preventing double spending. But the currency itself, exists only in our minds. It is Fugazi.
Basics What is Money? Money is the materialization of trust among humans. We found a way to quantify, to put a number on it. Then, we pegged that number to some sort of object (paper, rock, food) that everyone can agree has value.
Getting Started I Got Hooked On Macro, Accounting and, of course, Crypto The 2020 pandemic allowed many individuals to find new hobbies and ways of spending their time alone. I got hooked on Macroeconomics, Accounting and Crypto. I am devouring all content in the internet about it and I want to explain how I understood it on my blog.
