Financial literacy expert Adam Carroll joins Tim to talk about all things money, from financial freedom, managing your own finances, and the current trend towards a cashless society. Adam is the author of “Winning The Money Game,” “30 Days To $1K,” and “Mastery of Money for Students.” He is a two-time TED talk speaker, with one of his talks surpassing 4 million views.
Money. You either have a little or a lot, but it seems for most people, you never have enough. And for as critical as it is, it’s amazing how little most of us actually understand it.
In ancient times, if human beings wanted something from someone else, they bartered. I’ll give you a cow if you give me salt or tobacco.
Somewhere around 5,000 BC, metal objects were used as money. And then around 700 BC, a group called the Lydians were the first in the Western world to make coins that were used as money.
Not long after that, countries started to make their own coins and give them certain values. That way people could compare the cost of items or services that people wanted.
China was the first country to introduce paper money. Paper money became more common by 960 AD.
We still rely on paper money and coins for much of our day-to-day spending and purchasing. But we also rely heavily on a cashless society.
Credit cards, loans, and now thanks to our digital world – Venmo, online spending using passwords that access our financial accounts without anything physical changing hands. And, of course, crypto.
We’re fast moving into an almost totally cashless world. And it seems to be happening at the speed of light.
Adam Carroll is an author and a speaker on the subject of personal finance. He has spent the better part of his career and life helping people better understand money, how it fits in their lives, how to manage it, and how to be financially free.
- Adam Carroll’s Website, AdamSpeaks.com
- The Build a Bigger Life Manifesto, by Adam Carroll (Amazon)
- Winning the Money Game, by Adam Carroll and Chad Carden (Amazon)
- The 7 Habits of Highly Effective People, Franklin/Covey
- The Fifth Discipline, by Peter Senge (Amazon)
- Rich Dad Poor Dad, by Robert Kiyosaki (Amazon)
- Cashflow Quadrant, by Robert Kiyosaki (Amazon)
- The Millionaire Next Door, by Thomas Stanley and William Danko (Amazon)
- How the Status Quo Bias Affects Your Decisions, VeryWellMind.com
- Financial Independence, Retire Early (FIRE), Motley Fool
About this Episode’s Guest Adam Carroll
Adam Carroll is an internationally recognized financial literacy expert and author of Winning The Money Game, 30 Days To $1K, and Mastery of Money for Students. He is a two-time TED talk speaker, with one of his talks surpassing 4 million views. He is the creator of the Broke, Busted & Disgusted documentary which has been played in hundreds of high schools and colleges, and is featured on CNBC and available on Itunes. He is the founder and curator of www.MasteryOfMoney.com, and a contributor to the Huffington Post. Adam has presented at over 750 college and university campuses, hundreds of leadership symposiums, and countless local and regional events. His passion is helping people build a bigger life, not a bigger lifestyle.