# Everything You Know About Saving Money Is Wrong | Terence Michael

Page: https://stenobird.com/podcast/bitcoin-success-school-7669520/everything-you-know-about-saving-money-is-wrong-terence-michael
Text version: https://stenobird.com/podcast/bitcoin-success-school-7669520/everything-you-know-about-saving-money-is-wrong-terence-michael.md
Podcast: [Bitcoin Success School](https://stenobird.com/podcast/bitcoin-success-school-7669520)
Published: 2026-02-28T07:00:00+00:00
Episode link: https://api.riverside.com/hosting-analytics/media/5c1ef0e5cfd250005318283175adad234890dceec8be2631c6dc617819a5c95f/eyJlcGlzb2RlSWQiOiIxODIzZmY1NS00NTQxLTRjMTEtOGE1ZC05OTc1ZTg2NGRhYTgiLCJwb2RjYXN0SWQiOiJlYjdmMjU3NS02YzlkLTRkZTQtODMxNy02YTZmYmNjM2VjZWEiLCJhY2NvdW50SWQiOiI2NzdmZjg0ZDI4MTNiN2JjNjE4ZTIyZTEiLCJwYXRoIjoibWVkaWEvY2xpcHMvNjk4ZDM2YjUwY2U1NWYyOWE2M2ZlN2E3L2Zpbi1jcmVpZ2h0b25zLXN0dWRpby1jb21wb3Nlci0yMDI2LTItMTJfXzMtMTEtMS5tcDMifQ==.mp3
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JSON: https://stenobird.com/v1/public/podcasts/bitcoin-success-school-7669520/episodes/everything-you-know-about-saving-money-is-wrong-terence-michael
Duration seconds: 2803

## Resource

In this episode, I sit down with Terence Michael, author of Proof of Money, to break down what money actually is, why most people don’t really have it, and why Bitcoin fundamentally changes how humans can save for the future. We talk about why “saving” in fiat is really slow debasement, why people confuse money with currency, and why Bitcoin isn’t an investment but a savings technology that allows you to send value to your future self without permission. Need help doing self-custody properly and securely? ⁠⁠ ⁠⁠ https://bitcoinsuccessschool.com⁠⁠⁠⁠ Get 5% off your MicroSeed (Seedphrase Backup): ⁠⁠⁠ ⁠https://microseed.io/?ref=fin⁠⁠⁠⁠ Follow me on X (Twitter): ⁠⁠ ⁠⁠https://x.com/FinCreighton⁠⁠⁠⁠ Follow me on IG: ⁠ ⁠⁠https://instagram.com/fincreighton⁠⁠ ⁠ Subscribe for new episodes: ⁠ ⁠⁠ https://youtube.com/@fincreighton⁠⁠⁠ Follow Terence on X (Twitter): https://x.com/ProofOfMoney Get the book Proof of Money: https://www.amazon.com.au/PROOF-MONEY-Behind-Bitcoin-About/dp/B0C2RM94BB

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## Transcript

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