Join Tom Wheelwright as he explores the dangers of digital currency and why cash is not only still relevant but critical for you, the economy, and your business with his guest and author of “The Power of Cash,” - Professor Jay L. Zagorsky.
Jay L. Zagorsky is an economist and research scientist at The Ohio State University. He has expertise in personal finance, macroeconomics and health economics. His textbook “Business Macroeconomics” covers all aspects of global and national economies. His work and research has explored recessions, depressions, other business cycle topics, changes in the labor market, inflation, and GDP.
In this episode, discover the importance of physical cash in a vulnerable society, why you want separation between your money and the government, and steps you can take now for the longevity of your wealth and business.
Order Tom’s book, “The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make” at: https://winwinwealthstrategy.com/
00:00 - Intro.
02:00 - The Calamitous Global Battle: Digital vs. Physical Currency
06:00 - Hoarding Cash is NOT the SOLUTION; Do This Instead!
08:52 - De-Banking: Can the Money Disappear?
13:25 - What you should do.
16:58 - The Pros & Cons
19:40 - Why Businesses & Governments Make Cash Challenging
26:10 - Problems of a Frictionless Society
Looking for more on Jay L. Zagorsky?
Book: “The Power of Cash”
Website: https://www.thepowerofcash.com/
Twitter/X: @Prof_Jay_Z
LinkedIn: https://www.linkedin.com/in/jay-zagorsky-58a90825a
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ABOUT US:
Tom Wheelwright is the founder and CEO of WealthAbility and TFW Advisors, a leading authority on tax strategy and wealth building. He is the best-selling author of Tax-Free Wealth and a trusted advisor to Robert Kiyosaki. As a world class CPA, Tom is dedicated to empowering entrepreneurs and investors to reduce their tax burden and achieve financial freedom. He currently resides in Phoenix, Arizona.
DISCLAIMER:
WealthAbility® does not provide tax, legal or accounting advice. The materials provided have been prepared for informational purposes only, and are not intended to provide tax, legal or accounting advice. The materials may or may not reflect the most current legislative or regulatory requirements or the requirements of specific industries or of states. These materials are not tax advice and are not intended or written to be used, and cannot be used, for purposes of avoiding tax penalties that may be imposed on any taxpayer. Readers should consult their own tax, legal and accounting advisors before applying the laws to their particular situations or engaging in any transaction.
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