What Is Money For? New Book Series episode artwork

EPISODE · Jul 28, 2026 · 22 MIN

What Is Money For? New Book Series

from The Compound Commitment · host Mike Nilson

Episode 045: For years, I've been fascinated by one question: What is money for?Most of us spend decades working hard, saving, investing, and sacrificing for the future. But very few of us ever stop to ask what we're actually trying to accomplish once we've built wealth.That question changed the way my wife Rhiannon and I think about money, parenting, and legacy. It led us to create what we now call the Legacy Loop—a framework that's helping us use money to strengthen our relationships, create more purpose, and prepare future generations instead of simply passing down assets.This episode kicks off a special series based on my new book, What Is Money For?Over the next several months, Rhiannon will be joining me as we share the stories, lessons, successes, mistakes, and frameworks that have shaped our family's journey. We'll talk about everything from creating a family vision and defining your values to paying for education, family vacations, entrepreneurship, giving, and one of the most practical tools we've ever developed—the Resistance Triangle—to help answer difficult financial decisions.I want to be clear: we don't have all the answers.We're still learning. We're still refining. And we're still having the same conversations many families are having.What we do have is a framework that's helping us ask better questions and make more intentional decisions together.If you've ever wondered, What is all this money actually for? Or how can I use wealth to strengthen my family instead of weaken it? I think you're going to enjoy this series.Thanks for joining me at the beginning of this journey and I can't wait to share it with you!

Episode metadata supplied by the publisher feed · Published Jul 28, 2026

Embed this episode

Episode 045: For years, I've been fascinated by one question: What is money for? Most of us spend decades working hard, saving, investing, and sacrificing for the future. But very few of us ever stop to ask what we're actually trying to accomplish once we've built wealth. That question changed the way my wife Rhiannon and I think about money, parenting, and legacy. It led us to create what we now call the Legacy Loop—a framework that's helping us use money to strengthen our relationships, cre...

Distinct summary based on available episode metadata or transcript content.

NOW PLAYING

What Is Money For? New Book Series

0:00 22:49

No transcript for this episode yet

We transcribe on demand. Request one and we'll notify you when it's ready — usually under 10 minutes.

No similar episodes found.

No similar podcasts found.

Frequently Asked Questions

How long is this episode of The Compound Commitment?

This episode is 22 minutes long.

When was this The Compound Commitment episode published?

This episode was published on July 28, 2026.

Can I download this The Compound Commitment episode?

Yes. Use the download control on the episode player to save the publisher-provided media file.
URL copied to clipboard!