Why You Should NEVER Stop Using Cash – Tom Wheelwright, Jay L. Zagorsky

insulin resistance, diabetes, blood sugar, weight loss

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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:

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:
Twitter/X: @Prof_Jay_Z
LinkedIn:
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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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Disclaimer: The information provided in this video is for educational and informational purposes only. It should not be considered as financial advice or a recommendation to buy or sell any financial instrument or engage in any financial activity.

The content presented here is based on the speaker's personal opinions and research, which may not always be accurate or up-to-date. Financial markets and investments carry inherent risks, and individuals should conduct their own research and seek professional advice before making any financial decisions.

Cameron Long
 

  • @bataurbharat says:

    Please give me the answer

  • @TheShelbySue says:

    Never give up cash unless you want to expose yourself to being controlled digitally…People are so naive (in particular young people)

    • @derickdoveglass says:

      Exactly. I can’t believe how stupid they can be. It does not sound like a good life knowing every cent you spend is tracked

  • @ZapFRG says:

    I use cash every day.

  • @calebfast8088 says:

    I’m 26. I use cash almost exclusively (since online has to be on card). I get weird looks, especially when I pull out exact change. But I won’t stop it.

  • @calebfast8088 says:

    You mean to tell me that we can ruin the IRS’s day by paying taxes in cash? I’m in! Hahaha

  • @jorgecamara1030 says:

    Thanks for your time and your great support to the community great job guys…

  • @Preston_Smith says:

    One time all of the Chevron gas stations had their system Frozen and wasn’t working so they could only take cash. I had to go to a different gas station

  • @Martyr217 says:

    It’s easier to keep track of your money using cash too.

  • @Piki-z9x says:

    I used to think success was all about grinding harder. But after reading Invisible Laws of Prosperity, I realized there’s a better way.

  • @boodgiek8146 says:

    I dont expect any changes till well into july 2025.but by july 2026 we will be on a crytpo system like it or not.

  • @nolongerhave-couth4771 says:

    Statistic from Dave Ramsey. People who used credit cards tended to spend 13% more versus if they just use cash.

  • @nicebooks-m7r says:

    It’s a little scary how few people know about the book Diamond Riches Formula by John Barth. Guys, you have no idea what you’re missing out on… it’s honestly criminal how hidden this book is. The money-making knowledge inside is on another level. All creators who’ve read it and aren’t talking about it should be ashamed. This book could change lives if more people knew it existed

  • @voiceofreason1629 says:

    Cash or non electronic transfers of wealth are essential for a free people and society. Non private transactions mean that you can never fight back against a tyranical regime because you can’t purchase the means to defend yourself against them without being discovered.

  • @PowerfulMoneyHabits says:

    I love cash and use it as much as I can!

  • @danimal..1016 says:

    Gotta love that cash munaaaay

  • @viz2790 says:

    Don’t put money under your mattress….Because a robber is going to steal your mattress, NOT the money. 🤣

  • @moneymindsetus says:

    I gave up the habit of using cash for many years, partly because I had to travel far to withdraw cash. Today I will think again

  • @viz2790 says:

    Good God, this next crash really is going to be bad.
    Robert Kiyosaki is against using USD?
    I’m so confused, the dollar is losing value??

  • @TheTacticalHouse says:

    Great conversation.

  • @cynthiamcgown4789 says:

    Cash should be king!! At least you still have some form of privacy! Without tracking or tracing every move you make! Just saying!!

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