• Knowing the Ledger: The Power of Bookkeeping Entries

  • By: Tanen Andrews
  • Podcast

Knowing the Ledger: The Power of Bookkeeping Entries

By: Tanen Andrews
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  • Summary

  • According to data from Forbes, more billionaires made their wealth through real estate investments than any other category--by far. The combination of a consistent cash stream, capital appreciation, and tax breaks have helped lay the foundation of great fortunes and stable retirements. But billionaires aren't the only people who know how to invest in real estate. You can do it too!

    Real estate investing is an exciting way to make money. It's a great option, but it requires planning and patience.

    Visit our Patreon to view & access other podcast episodes & videos: https://www.patreon.com/cooponomics

    Become a supporter of this podcast: https://www.spreaker.com/podcast/knowing-the-ledger-the-power-of-bookkeeping-entries--5024563/support.
    Copyright Tanen Andrews
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Economics
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Episodes
  • Preview: How to Convert Debt into Currency? Episode 2 Part1

    Preview: How to Convert Debt into Currency? Episode 2 Part1
    Jan 3 2022
    Visit our Patreon to access this podcast & other videos: https://www.patreon.com/cooponomics

    How to convert debt into currency?
    What limits the amount of money banks can create?
    What are bank reserves?
    Where do bank reserves come from?

    In the first episode we went over what is money, what is considered money and who creates money. Real money is gold. Currency (paper money & coins), Transaction accounts aka checking accounts and other checkable deposit accounts including travelers checks at all depository institutions including commercial and savings and loan associations and credit unions are considered substitute money.

    The purpose of this episode is to describe how we can convert debt into currency, the efficient and proper way to discharge debts (since our ability to pay debts was removed) and how to recognize and validate that a debt has been properly discharged.

    Limitations the banks have on creating money and how we can take advantage in knowing their policies to enable us to discharge debt through our checking accounts by applying GAAP.

    Understanding what bank reserves are and where they come from will help you understand who the creditor and who the debtor is in this financial relationship.

    Become a supporter of this podcast: https://www.spreaker.com/podcast/knowing-the-ledger-the-power-of-bookkeeping-entries--5024563/support.
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    3 mins
  • Preview 2: What is Money? Episode 1

    Preview 2: What is Money? Episode 1
    Jan 3 2022
    Visit our Patreon to access this podcast & other videos: https://www.patreon.com/cooponomics

    The purpose of this episode is to describe the basic process of money creation in a "fractional reserve" banking system. The approach taken illustrates the changes in bank balance sheets that occur when deposits in banks change as a result of monetary action by the Federal Reserve System - the central bank of the United States. The relationships shown are based on simplifying assumptions.

    Become a supporter of this podcast: https://www.spreaker.com/podcast/knowing-the-ledger-the-power-of-bookkeeping-entries--5024563/support.
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    4 mins
  • Preview 1: What is Money? Episode 1

    Preview 1: What is Money? Episode 1
    Jan 3 2022
    Visit our Patreon to access this podcast & other videos: https://www.patreon.com/cooponomics

    The purpose of this episode is to describe the basic process of money creation in a "fractional reserve" banking system. The approach taken illustrates the changes in bank balance sheets that occur when deposits in banks change as a result of monetary action by the Federal Reserve System - the central bank of the United States. The relationships shown are based on simplifying assumptions.

    Become a supporter of this podcast: https://www.spreaker.com/podcast/knowing-the-ledger-the-power-of-bookkeeping-entries--5024563/support.
    Show More Show Less
    5 mins

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