You Will Never Retire, Here's Why... - How Money Works | How Money Works

How EVE Online's Massive Virtual Wars Are Financed - How Money Works | How Money Works

How EVE Online's Massive Virtual Wars Are Financed - How Money WorksSign up for my newsletter https://compoundeddaily.com 👈eve online, (a massive multiplayer online spaceship game) is probably best know for two things.Making headlines about it’s massive in game conflicts involving tens of thousands of players and it’s incredibly realistic in game financial system which can make loosing a virtual spaceship just as consequential as loosing a phone or a car in the real world.Countless magazines, and even much more successful YouTube channels have talked about these two factors individually, but where I think they get really interesting is when they merge together.For a game about spaceships set 21,000 years in the future, EVE is surprisingly realistic, and that realism extends to these massive wars in the sense that they are expensive. The in game currency called ISK has an approximate exchange rate of about $6 per billion in game isk. Although it must be mentioned that trading this in game currency directly back or forth for real life money is actually against the rules of the game for now at least and will get you banned.Even still, this shows that in game assets have a very tangible real world value on the grey market, so when you see headlines about trillions of ISK been lost in these epic battles it gives you an idea of just how expensive it can be to wage entire wars in EVE Online.But this all begs a bigger question…Who or what funds these wars?With a price tag of hundreds of thousands of real world dollars and nothing but virtual space pride in return, it doesn’t sound like a very good deal… Right?Well, it’s time to learn how space money works, if you enjoy this video please consider liking and subscribing for new video’s like this one made every week.Ok so there are three really interesting and unique ways these major wars have been funded over the past 2 decades that this game has existed. But let’s start with the most basic one.#EVEOnline #EconomyOfEVE #HowMoneyWorksMusic by Epidemic Sound & Eve Online Original SoundtrackSign Up Link (if you want to try out the game) - https://www.eveonline.com/signup?invc=ef33cafb-0aa2-4051-9f03-55dc800247c2(This link gives both you and I rewards in the game)Follow to learn How Money Works.Find How Money Works on YouTube: https://www.youtube.com/@HowMoneyWorksDisclaimer: This podcast is an independently produced audio adaptation of content originally created by How Money Works. It was developed by a fan who values the channel’s clear and engaging approach to financial education, with the goal of making that knowledge more accessible in a hands-free, audio format. This is not an official production of How Money Works, and it is not affiliated with or endorsed by the channel. All rights to the original video content remain with How Money Works. For any concerns, inquiries, or content-related requests, please feel free to reach out. ------------ Keywords: how money works, recession analysis, financial planning, real estate crisis, money management, financial education, stock market, investment strategies Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices]

How Short Term Thinking Won | How Money Works

How Short Term Thinking WonFollow to learn How Money Works.Find How Money Works on YouTube: ⁠https://www.youtube.com/@HowMoneyWorks⁠Disclaimer: This podcast is an independently produced audio adaptation of content originally created by How Money Works. It was developed by a fan who values the channel’s clear and engaging approach to financial education, with the goal of making that knowledge more accessible in a hands-free, audio format. This is not an official production of How Money Works, and it is not affiliated with or endorsed by the channel. All rights to the original video content remain with How Money Works. For any concerns, inquiries, or content-related requests, please feel free to reach out. ----------- Keywords: money podcast, financial literacy, market crash, gig economy, financial planning Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices]

Why EVE Onlines Market System Might Be Too Efficient For its Own Good - How Money Works | How Money Works

Why EVE Onlines Market System Might Be Too Efficient For its Own Good - How Money WorksSign up for my newsletter https://compoundeddaily.com 👈The third and final installment in my series on the Financial System of EVE Online.So far in this series we have already explored how the massive wars you hear about in gaming magazines are funded using everything from in game casinos to war bonds.We have also explored how the game has it’s very own tax havens and how they were causing the same kind of issues that tax havens do in the real world.EVE Online’s economy is so large and complex that it truly does rival some small nations, what’s more than that is that it’s system are so realistic that they can genuinely be used to model real world economic systems far more effectively than even the most expensive models used by governments, universities and financial institutions.Part of this is by design. But it may not all be for the best.So its time to learn how money works, and see how the market system in EVE online might have been too well designed for it’s own good.In an interview with the founder and CEO of EVE online, it was revealed that the Marketplace in eve, (where buyers and sellers will trade items) was actually copied off the Nasdaq.You see way back in 2002 when this game was first being developed the creators knew that enabling free and effective trade between players would be key for making the game truly immersive, as opposed to similar games at the time, that relied primarily on trading with non-player-controlled characters that would offer fixed per-determined prices.So they needed to develop a system to make this happen.#EVEOnline #Finance #HowMoneyWorks___________________________________________________________________________Part 1 - https://youtu.be/m6j_UsGJnkQPart 2 - https://youtu.be/2t25bsqlTM8Link To The Capitalists Discord where I hang out with other creators - https://discord.gg/8MeNJ7gfSRMusic by Epidemic Sound & Eve Online Original SoundtrackSign Up Link (if you want to try out the game) - https://www.eveonline.com/signup?invc=ef33cafb-0aa2-4051-9f03-55dc800247c2(This link gives both you and I rewards in the game)Follow to learn How Money Works.Find How Money Works on YouTube: https://www.youtube.com/@HowMoneyWorksDisclaimer: This podcast is an independently produced audio adaptation of content originally created by How Money Works. It was developed by a fan who values the channel’s clear and engaging approach to financial education, with the goal of making that knowledge more accessible in a hands-free, audio format. This is not an official production of How Money Works, and it is not affiliated with or endorsed by the channel. All rights to the original video content remain with How Money Works. For any concerns, inquiries, or content-related requests, please feel free to reach out. ------------- Keywords: inflation explained, housing bubble, investing basics, gig economy, financial independence Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices]

You Will Never Retire, Here's Why... - How Money Works | How Money Works

You Will Never Retire, Here's Why... - How Money WorksSign up for my newsletter https://compoundeddaily.com 👈Recent reports have found that less than 30% of American workers are on track to retire at all, and even fewer think they will have a comfortable retirement and they might be right.I know you didn’t want to hear this, but there are a few BIG factors at play in the world today that are going to act to keep most younger generations in the workforce indefinitely.This is all before considering the major hiccup that the covid 19 pandemic has been.A global event that has actually worked to widen the gap between younger generations with fewer assets and more precarious employment, versus older generations which tend to be more secure.Now you might think you are different, you contribute to your 401k, save diligently, subscribe to How Money Works and even invest regularly into the stock market.Well that’s all great, but I might still have some bad news for you.There are lot’s of issues at play here… Housing, the stock market and a series of broader economic conditions which might threaten the general assumptions we make about indefinite growth.So it’s time to learn how money work’s to find out why we will all be on that grind until we are 120 years old.#Retirement #Investing #HowMoneyWorks___________________________________________________________________________Link to my vid on BS Jobs - https://youtu.be/uK3OBAxCi6kFollow to learn How Money Works.Find How Money Works on YouTube: https://www.youtube.com/@HowMoneyWorksDisclaimer: This podcast is an independently produced audio adaptation of content originally created by How Money Works. It was developed by a fan who values the channel’s clear and engaging approach to financial education, with the goal of making that knowledge more accessible in a hands-free, audio format. This is not an official production of How Money Works, and it is not affiliated with or endorsed by the channel. All rights to the original video content remain with How Money Works. For any concerns, inquiries, or content-related requests, please feel free to reach out. ------------- Keywords: how money works, economic education, investing basics, economy podcast, economics explained, real estate crisis, inflation explained Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices]

What EVE Online's Tax Havens Teach Us About New York's Future - How Money Works | How Money Works

What EVE Online's Tax Havens Teach Us About New York's Future - How Money WorksSign up for my newsletter https://compoundeddaily.com 👈This is the largest trade hub in EVE online, A massively multiplayer spaceship game with by far the most realistic financial system in the virtual world. And this is downtown Manhattan, the largest trade hub, in well, the real world.These two regions of concentrated commerce have more than you might expect in common and what has happened before in this virtual world, might be a very good indication of what end’s up happening here in the real world.But we are getting ahead of ourselves.In our last video in this series we explored how eve online’s massive in game wars were financed, and at a cost of hundreds of thousands or even millions of dollars… why they were financed…Now a few people reached out to me after that video and said I missed a very interesting detail, the battle over in game tax havens.You see when a financial system is as realistic as the one in EVE Online, it comes with some unfortunate realities as well, most notably, needing to work hard to make in game money, currency inflation and of course paying taxes…So it’s time to learn how money works and take a look at the different taxes players in eve online are expected to pay, how they avoid paying them, and what this can teach us about the fate of New York.#EVEOnline #SpreadSheetsInSpace #HowMoneyWorks___________________________________________________________________________Music by Epidemic Sound & Eve Online Original SoundtrackSign Up Link (if you want to try out the game) - https://www.eveonline.com/signup?invc=ef33cafb-0aa2-4051-9f03-55dc800247c2(This link gives both you and I rewards in the game)Original background artwork created by - Rixx JavixFollow to learn How Money Works.Find How Money Works on YouTube: https://www.youtube.com/@HowMoneyWorksDisclaimer: This podcast is an independently produced audio adaptation of content originally created by How Money Works. It was developed by a fan who values the channel’s clear and engaging approach to financial education, with the goal of making that knowledge more accessible in a hands-free, audio format. This is not an official production of How Money Works, and it is not affiliated with or endorsed by the channel. All rights to the original video content remain with How Money Works. For any concerns, inquiries, or content-related requests, please feel free to reach out. ----- Keywords: economy podcast, recession analysis, gig economy, mortgage crisis, financial independence, stock market, housing bubble, business analysis Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices]