Summary:
Best selling author Kim Butler and No B.S. Money Guy Todd Strobel offer insight on the direction the world seems to be heading- towards digital money. India did it, Australia is next, and they offer advice on what you should do if cash is eliminated in America as well.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at welcome@ProsperityThinkers.com and we may answer it in an upcoming episode.
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Show Notes:
00:00 Intro
00:33 What has happened, and what could happen in the future
00:44 Indian gov’t banned cash- 1,000 + 500 rupee notes
01:51 Kim’s opinion on this
02:05 What if they take away the dollar?
02:55 Check off on your list what you can do
03:15 It’s already happening in Australia
03:36 Electronic money is more convenient
04:23 Bitcoin and the blockchain
05:45 Electronic money used for behavioral modification
08:37 What Todd would do in this situation
11:19 Kim’s advice about what families can do to prepare for emergencies
15:32 No problem on earth exists, without the person present to solve it.
16:02 Celebrate success and stay positive
Disclosure: Our content is meant for educational purposes only. While it’s our goal to help you learn about building a life of prosperity, we do not intend to provide financial advice. Please consult your financial, tax or legal advisor before making any investment or financial decisions.