Ever wondered why M1 is named after a monetary term? 🤔
“M1 is a quantification of the money supply. If you added up all the checking accounts, currency, coins, paper bills in circulation, you’d get one number: M1,” explains Brian Barnes, top executive and Founder of M1.
In today’s digital age, everything from your favorite stock to the money in your checking account exists in digital form. Brian likens M1 to handing someone a chainsaw, stating that it’s a powerful tool compared to a hand ax. This analogy highlights the efficiency and power M1 brings to individual economic administration, though it acknowledges the risks involved. 💡💼
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1️⃣ M1: The digital quantification of money.
2️⃣ Powerful financial tools at your fingertips.
3️⃣ Trust built through consistent delivery.
Trust isn’t built overnight. According to Brian, “The best way to build trust is to deserve trust.” M1 aims to promise and deliver a high-class, delightful platform with great tools and rates. Every customer interaction is a chance to build or lose trust, making reliable infrastructure crucial. 🚀🔧
Enjoy the full episode here:
YouTube: https://youtu.be/RTA3Eqm1rhk
Podcast: https://fintechconfidential.captivate.fm/episode/013-001-accrued
Accrued, a Fintech Confidential series presented by LoanPro
financial freedom, M1 financial, investing, wealth management, money planning, fintech, automated investing, brokerage services, banking offerings, Brian Barnes, M1 top executive, Tedd Huff, Colton Pond, LoanPro, money innovation, wealth building, fintech podcast, money services, capital strategies, digital transformation, financial tools, hazard management, financial infrastructure, customer trust
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