Welcome to a new Financial Diary Episode of Sweat Your Assets Podcast.

In today´s episode, we discuss about Money!

At first, Money sounds like an easy concept. In our daily lives, we talk about money in different ways.

We earn Money. We spend Money. We invest money. We rely on money to measure wealth, assign value to assets, and determine the costs of goods and services. Money, a concept and technology ingrained in our daily lives, serves various purposes.

In economics, money is broadly defined as a medium of exchange for goods and services. While technically anything can be considered money, the most widely accepted forms today are paper banknotes, metallic coins, and credits backed by banks. But Money is much more than that.

To effectively discuss, manage, and master money, wealth, and financial freedom, I feel it is essential to understand what money is by examining its three functions, five types, and seven properties. I will then cover the Money Supply and its four measurements.

If you want to dig deeper, check out the full blog post here.

Enjoy the episode and...Sweat Your Assets.

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Disclaimer: this episode was produced as an edutainment resource. While the contents are based on a blog post article, the discussion and narration have been generated using AI tools. The purpose of this podcast is to inform and engage, but listeners should be aware that the dialogue is AI-assisted and may not fully reflect Sweat Your Assets opinions or real-time updates. Contact the office for customized guidance.

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